Personal Loan
Do you wish to renovate your house? Or fix a car, or need some funds for a holiday or your wedding? Then a Personal Loan would be reliable — quick funds for the things that matter to you, without pledging any asset.
Why choose this
- Unsecured — no asset pledged as security
- Flexible tenure and EMI options
- Quick verification and disbursal, subject to eligibility
- Transparent charges disclosed up front in your Key Fact Statement
Key features
Why choose Recapita's Personal Loan
Unsecured — no asset pledged as security
Flexible tenure and EMI options
Quick verification and disbursal, subject to eligibility
Transparent charges disclosed up front in your Key Fact Statement
Eligibility
- Salaried or self-employed Indian resident aged 21–60
- Stable income source with basic banking history
- Valid KYC documents
Documents required
- Aadhaar card and PAN card
- Last 3 months' salary slips or income proof
- Last 6 months' bank statement
- Recent passport-size photograph
How it works
From application to disbursal in four steps
- 01
Online Application
Apply online and our customer care executives will get in touch with you.
- 02
Verification
Furnish the required documents for a simple, transparent verification, subject to KYC.
- 03
Approval
Your documents are assessed and your application is processed, subject to eligibility and our credit policy.
- 04
Disbursal
On approval, the sanctioned loan amount is disbursed directly to your bank account.
Interest & charges
Transparent pricing, disclosed up front
Your exact rate and charges are confirmed in your sanction letter and Key Facts Statement.
Indicative interest rate
12% – 28% per annum (unsecured), based on your risk profile and tenure.
A Key Facts Statement (KFS) setting out the all-inclusive cost of your loan — including the Annual Percentage Rate (APR), fees and charges — is provided with your sanction, as required by RBI.
Schedule of Charges
| Charge | Details |
|---|---|
| Interest rate | As per the product range above and your sanction letter / KFS. |
| Processing fee | Determined by product type and loan amount; disclosed at sanction. |
| Prepayment / foreclosure | Nil for individual floating-rate loans; up to 5% on other loans for early closure before the agreed tenure. |
| Penal charges | Up to 24% per annum (non-capitalised), applied on the overdue principal only. |
| Cheque / mandate bounce | ₹500 plus GST per instance of dishonour or payment bounce. |
| Auction charges (secured/gold) | Actuals where recovery through auction becomes necessary, as per the loan agreement and Gold Auction Policy. |
| Stamp duty & statutory levies | At actuals, in accordance with applicable law. |
All loans are at the sole discretion of Recapita Finance Private Limited and are subject to KYC, eligibility, documentation, valuation and applicable RBI norms. Interest rates and charges vary by product, tenure and borrower risk profile, and are confirmed in your sanction letter and Key Fact Statement (KFS). Information on this page is indicative and for general guidance only — it does not constitute a binding offer of credit.
Questions
Frequently asked
What can I use a personal loan for?
Anything that matters to you — home renovation, medical needs, travel, weddings, education or debt consolidation.
How is my loan amount decided?
It depends on your income, repayment capacity and credit history. Our team will guide you to a comfortable EMI.
Ready to conquer your next milestone?
Apply online and our team will get in touch - or call us directly at +91 9109915411.