Instant Personal Loan App

Best Online Instant Personal Loan App for salaried employees in India. Personal Loan up to 50 Lacs. Minimum net salary 20,000 in Bank A/C. 100% Secured & Paperless Instant Loan App. 100% Online Process. No Collateral.
Quikkloan is a digital loan marketplace that facilitates personal loans through partnered Banks and NBFCs at the lowest interest rate.

EMI Calculator
You can calculate your easy EMI payable by entering the loan amount, interest rate, and loan tenure in the EMI calculator.

Personal Loan Features & Eligibility
Instant Personal Loan - up to Rs.50 Lacs
Employment Type - Salaried & Self Employed
Min Work Experience - 6 to 12 months
Min Net Monthly Salary - Rs.20,000 without Incentive and Bonus
Min Business Tenure - 3 Years (Self-Employed)
Min Annual Income - Rs. 6 Lacs
Tenure - 3 Months (Min) to 60 Months (Max)
Interest Rate ranging between 10.75% (Min) to 25% (Max) depending upon the customer’s credit risk profile

Representative Example
Loan Amount - Rs.10,00,000
Repayment Tenure - 5 Years
Interest rate - 10.75% Annual Percentage Rate (APR)
Monthly EMI Repayment - Rs.21,618
Total Interest Repayable - Rs.2,97,077
Total Amount Repayable (Principal+Interest) - Rs.10,00,000+ Rs. 2,97,077 = Rs.12,97,077
*Processing Fee - Rs.10,00,000*1% = Rs. 10,000
Goods & Services Tax (GST) - Rs.10,000*18% = Rs. 1,800
Processing Fee including GST = Rs.10,000+Rs.1,800 = Rs.11,800
Loan Amount to be credited in your Bank Account - Rs.10,00,000 - Rs.11,800 = Rs.9,88,200

*Please note the processing fee can vary from 1.5% - 6% + GST depends on the loan amount. The figures provided are indicative and subject to change from time.

Purpose of instant personal loan

  • Shopping / Electronic Purchases

  • Travel

  • Pursuing Short Term Educational Courses

  • Medical Emergency Expenses

  • Home Renovation

  • Debt Consolidation

  • Credit Card Repayment

  • Two-Wheeler Purchase

Bank / NBFC Partnership
Quikkloan has partnered with over 10+ banks and NBFCs

  • HDFC Bank

  • ICICI Bank

  • Yes Bank

  • Bajaj Finserv

  • IDFC First Bank

  • IIFL

  • Tata Capital

  • IndusInd Bank

  • Fullerton

  • Aditya Birla Finance Limited

  • HDB Financials

KYC Documents Required
PAN, Aadhaar, Electricity Bill, Mobile Bill, Rent Agreement, 3 Months Bank Statements, and Salary Slip

10 Important Factors that determine personal loan approval
Your Loan application approval depends on your various factors including Income-to-Expense ratio, Age, Marital status, Education, Tenure with the Employer, Job Stability, Total work experience, Residence stability, Minimum CIBIL Score should be above 700, each bank/NBFC uses different CIBIL Score to approve the loan

Get your Equifax Credit Score & Report with Analysis for FREE!

  • The Quikkloan app allows you to check your latest Credit Report every month worth ₹1,200 for FREE

  • Checking your credit report through Quikkloan does not impact your credit score because it is considered a soft inquiry on your credit report

  • Credit Scores range from 300 to 900, and generally, a Credit Score above 750 is considered excellent by lenders and is preferred for granting a loan

  • A credit score of 0 or 1, usually given to those who don’t have a credit history or have a thin credit profile in the last 6 months

Security & Safety of Privacy
The app protects all your confidential information with the best security standards practices to keep your information safe and secure. Protection of your privacy and your data security is a top priority.

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Additional information
Whatsapp - 7428165500 (Mon - Sat, 10 a.m. to 7 p.m.)
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What's New

Release Name: Alpha 1.2.1
Release Date: 2nd January 2022
Release Version: 10102


Changes Made to adhere to latest Google Play Developer Program policies
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Additional Information

January 3, 2022
Current Version
Requires Android
6.0 and up
Content Rating
Offered By
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