Personal Loans for Unemployed / Students – Interest Rates, EMI Eligibility

Lowest Interest Rates Personal Loans for Unemployed Borrowers like Housewives, Students, Jobless persons etc. Choose from 30+ Banks & Apply Now ✓ Compare Interest Rates ✓ Get Instant Approval ✓ Quick Disbursal within 8 hours. Compare and Instant apply for personal loans for at emicalculator-india.com.

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Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks
Interest Rates 10.50% – 20.00%
Age 21 – 58 Years
Minimum Income Rs.1 lakh annual
Processing Fees 0 – 3.00% of loan amount
Prepayment charges 2 – 5.00% of balance amount
Repayment Time 6 – 48 months
Loan Amount 50,000 – 15 lakh

Unemployed/Students Personal Loan FAQs – Frequently Asked Questions

Personal loan for Unemployed/Students (do not put any type of security) loan provided by a bank and non-banking financial company (NBFC) based on – income, previous credit record, repayment capacity, employment type and more.

What is personal loan?

This is a unsecured loan and helps you to meet your financial requirements. You don’t usually need to pledge any asset as collateral or security for availing personal loan. It is totally based on your credit record and CIBIL Score.

How to apply personal loan for Unemployed/Students?

You can apply easily online for personal loan at emicalculator-india.

What are the Interest Rates for Unemployed/Students?

Interest rate is the value that borrower have to pay on the principal loan amount.

What is Personal Loan EMI Calculator?

It is online tool that help to calculate personal loan monthly emi, give you an idea about interest to be paid.

What are eligibility criteria for Unemployed/Students?

  • One must have a regular source of income.
  • One must have proper credit record and good CIBIL.
  • Final amount sanctioned will depend on your income and eligibility and some other factors as per the lender’s criteria.

Can I foreclose or prepay my Personal Loan?

Yes, you can foreclose or prepay your personal loan, most of lender allow foreclosure after 12 EMI, it depend on lender to lender. And also you have to pay pre-closure charges of 2% to 5% of principle loan amount.

Is there any processing fee charges?

Processing fee is depend on bank to bank and lender to lender basically it is 2% to 4% of sanction loan amount.

Top-up facility on existing Personal Loan for Unemployed/Students?

Top Up facility is available for those who have paid 12 EMI on the existing Personal Loan. You can Place the request for Top up on existing Personal. The facility is based on your existing personal loan record.

How do I repay the Personal loan?

You can repay the loan in Equated Monthly Instalments (EMIs). You can pay your EMI through auto debit, ECS, PDC.

Available loan tenure for Unemployed/Students?

What is the maximum loan amount you can get when you apply for a salaried personal loan?
You can avail a personal loan amount up to Rs.20 lakh.
However, the final amount sanctioned will depend on your income, your CIBIL score and other eligibility criteria.