Skip to content
TommyAndFurry Insurance
Get Quote
Personal loan

A personal loan for a planned or unexpected expense

A personal loan is unsecured, so nothing of yours is pledged. That also means the lender is relying entirely on your income and your repayment record, and prices the loan accordingly. We help you understand what our lending partners ask for; the lender decides.

Enquire about this loan Work out the EMI+91 84700 67555

Unsecured: no property, vehicle or deposit is pledged.

We introduce, the lender decides

TommyAndFurry Insurance does not lend money. We introduce you to lending partners who handle the kind of loan you are asking about. The loan agreement is between you and the lender you choose, and the lender alone decides whether to approve your application and on what terms.

Loans are offered by our lending partners and are subject to their eligibility criteria, terms and approval. [LENDING PARTNER DISCLOSURE]

No one can promise you a loan, a rate or a date before a lender has assessed your application. We will not tell you that you are approved, and we will not quote a rate a lender has not offered you.

What a personal loan is

A personal loan is a fixed amount borrowed for a fixed period and repaid in equal monthly instalments (EMIs) made up of principal and interest. You do not pledge an asset, so the lender looks at your income, the borrowing you already carry and how you have repaid in the past.

Because nothing secures it, a personal loan is generally the most expensive kind of borrowing on this site. What you would actually pay is [INTEREST RATE], set by the lender for your application, and you should see it in writing before you sign.

Who it usually suits

  • A one-off cost you can put a date on

    A wedding, a medical bill, a course fee, a deposit or a repair: something with a known cost and a known date, which you can repay over a set number of months.

  • Spending with nothing to secure it against

    You are not buying a home or a vehicle, so there is no asset for a lender to take security over and a secured loan is not on the table.

  • Tidying up costlier borrowing

    Some people use one personal loan to replace several costlier balances. Whether that helps depends entirely on the rate, the fees and the tenure you are actually offered, which nobody can know in advance.

When it isn't the right tool: Not the right tool if the expense can wait and you would rather save for it, or if the EMI would leave nothing spare in your monthly budget. Work out the EMI before you enquire, not after.

What lenders typically look at

General points, not any lender's criteria. Each of our lending partners applies its own credit policy and can weigh these differently.

  • Income and how steady it is

    Your monthly take-home pay or business income, and how long you have been earning it. Lenders consider income from [MIN INCOME] upwards under their own policies.

  • The EMIs you already pay

    Existing instalments, card dues and other commitments are added up and weighed against your income. The more of it is already committed, the less room there is for a new EMI.

  • Your repayment record

    Lenders look at how you have handled loans and credit cards before now, using their own scoring. That assessment is theirs and we have no sight of it.

  • The tenure you ask for

    A longer tenure lowers the EMI and raises the total interest. Lenders cap the tenure at [MAX TENURE].

  • Your employer or your business

    Some lenders take the organisation you work for, or the nature of your business, into account as part of their own credit policy.

Terms we cannot confirm yet

These are the numbers people ask about first, and we will not guess at them. Each one is set by the lender for each application, and will appear here once our lending partners have confirmed it.

Loan amount
[LOAN AMOUNT RANGE]Within its own range, the lender decides what it will sanction.
Interest rate
[INTEREST RATE]Quoted by the lender for your application. We cannot quote it for them.
Maximum tenure
[MAX TENURE]A longer tenure lowers the EMI and raises the total interest paid.
Processing fee and charges
[PROCESSING FEE]Charged by the lender. Every charge should be listed in its sanction letter.
Income considered from
[MIN INCOME]Each lender sets its own cut-off under its own credit policy.
Lending partners
[LENDING PARTNERS]Published here once each partner agreement is in place.

Documents usually needed

A general list, not a lender's list. Each lending partner publishes its own requirements and can ask for more.

Identity and address

  • PAN card
  • Aadhaar or another address proof the lender accepts
  • Recent passport-size photograph

Income, if you are salaried

  • Recent salary slips
  • Bank statements showing your salary credits
  • Form 16 or your income-tax return

Income, if you are self-employed

  • Income-tax returns with the computation of income
  • Financial statements for the period the lender asks for
  • Current-account bank statements
  • GST returns, if you are registered

How to apply

  1. Work out the EMI

    Use the EMI calculator with the amount and tenure you have in mind, so the monthly outgo is a decision and not a surprise.

  2. Send us an enquiry

    Fill in the form on this page with the amount and what it is for. An advisor calls you back.

  3. Get the file ready

    We tell you which of our lending partners handle personal loans and what each of them asks for, and we check your documents before they go in.

  4. The lender decides

    You apply to the lender you choose. If it approves, it issues a sanction letter setting out the amount, the rate, the fees and the tenure. Read it in full before you sign.

Do the sums first

Both calculators work on the numbers you type in and give you an estimate. They are not an offer, and the lender's own assessment is what decides your loan.

Personal loan questions

Do I have to pledge anything?

No. A personal loan is unsecured, so no property, vehicle or deposit is pledged. The lender relies on your income and your repayment record instead, and prices the loan on that basis.

What rate would I pay?

[INTEREST RATE]. Only the lender can quote a rate, and only once it has looked at your application. We will not put a number on it before then.

How much could I borrow?

[LOAN AMOUNT RANGE] is the range; within it the lender decides, based on your income and the EMIs you already pay. The EMI calculator shows what different amounts would cost you each month.

Can I use it for anything?

A personal loan is not tied to a purchase, but lenders do ask what it is for and some exclude particular uses under their own policies. Say what you actually need it for: the file goes in more smoothly that way.

Can I repay it early?

Most lenders allow prepayment and many charge for it. Whether you can, when, and what it costs are in the loan agreement. Read that document before you sign and ask us about anything that is unclear.