Principal Amount
₹
- 3000
- 5L
Total Interest Payable
- 6
- 38
Loan Term (in months)
- 3
- 72
Your Monthly EMI Is
₹ 0.00
Total Interest
₹ 0.00
Total Amount Payable
₹ 0.00
Get Personal Loans up to 2 Lakhs in 6 minutes
Get Personal Loans up to 2 Lakhs in 6 minutes
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Managing daily responsibilities can often bring unexpected financial challenges. Whether it’s renovating your home, organizing a family celebration, or handling sudden medical expenses. A ₹1.5 lakh personal loan can help you stay financially prepared without adding stress to your routine. With quick access to funds, you can manage these expenses smoothly and focus on what truly matters: your peace of mind and priorities.
Applying for a instant 1.5 lakh loan on Zype is simple, fast, and completely digital. You can apply online from anywhere, complete your e-KYC in just a few minutes, and get instant approval. Once approved, the loan amount is directly credited to your bank account within 24 hours, ensuring that financial support is available exactly when you need it. Zype’s transparent process and quick disbursal make borrowing both easy and stress-free.
Need urgent funds for small expenses or emergencies? Choose a ₹1.5 lakh personal loan from Zype. Apply in minutes, get instant approval, and receive money in your bank within 24 hours.
Need quick cash for an emergency? A instant 1.5 lakh loan can help cover urgent costs like doctor visits or sudden home repairs. Here’s why it’s beneficial.
Complete your application online in just a few minutes and get quick loan approval. No long waits or paperwork.
Once approved, funds are credited directly to your bank account within 24 hours, so you can manage urgent needs without delay.
No need to pledge any assets or collateral. Keep your savings untouched while you get instant access to funds.
Repay easily with flexible EMI options. Choose from 6, 9, 12 or 18 months based on your budget and convenience.
From applying to completing e-KYC and tracking repayments, everything happens online through the app, anytime, anywhere.
Enjoy competitive rates starting at 1.5% per month, tailored to your credit score and income profile.
A ₹1.5 lakh personal loan from Zype is your safe, secure, and quick solution for all urgent financial needs.
It’s always smart to calculate your EMI before applying for a ₹1.5 lakh loan. This helps you budget smoothly and avoid repayment stress later. You can use an online EMI calculator to check your monthly amount in seconds.
Formula: E = P × R × (1+R)^N / [(1+R)^N – 1]
Where:
– P = Loan Amount (₹150,000)
– R = Monthly Interest Rate
– N = Number of EMIs
Example:
– Loan Amount: ₹150,000
– Interest: 18% p.a. (1.5% monthly)
– Tenure: 12 months
EMI ≈ ₹13,752/month
The EMI for a ₹1.5 lakh personal loan depends on three key factors: the interest rate, loan tenure, and your credit profile. Here’s an approximate EMI breakdown at an 18% interest rate across different tenures.
| Loan Amount (₹) | Interest Rate (%) | Tenure (in months) | EMI (₹) |
|---|---|---|---|
| 150,000 | 18 | 6 | 26,328.78 |
| 150,000 | 18 | 9 | 17,941.47 |
| 150,000 | 18 | 12 | 13,752.00 |
| 150,000 | 18 | 18 | 9,570.87 |
Note: The above table is just for illustration purposes. The actual number may differ.
Amortization helps you understand how your ₹1.5 lakh loan is repaid over time by showing how each EMI is divided between interest and principal. In the beginning, a larger share of your EMI goes toward interest, and gradually, more of it reduces the principal balance.
For example:
Month 1: EMI ₹13,870 → Interest ₹2,250 → Principal ₹11,620
Month 2: EMI ₹13,870 → Interest ₹2,120 → Principal ₹11,750
This process continues until the full amount is repaid. Checking your amortization schedule makes repayment clear, predictable, and helps you track how your loan balance reduces month after month.
For a ₹1.5 lakh loan, Zype evaluates your credit profile, income, and repayment history to determine the interest rate. Review all charges along with the interest rate before applying on Zype:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting at 1.5% per month |
| Processing Fees | 2% to 6% of the loan amount |
| Late payment charges | In case of missed or late payments, the overdue interest with the late payment gets added to the outstanding loan amount |
| Foreclosure/Pre-payment Charges | For all individual loans granted for purposes other than business, the RBI has mandated that no pre-payment charges shall be levied on floating rate loans |
Apply for a ₹1.5 lakh personal loan with basic details and e-KYC. No paperwork. Fill in basic information, verify your identity digitally, and get approval within minutes:
PAN card, Aadhar Card
Aadhar card, utility bills
Salary slips or bank statement (last 4 months), if you need to apply for a higher loan amount.
Apply for a ₹1.5 lakh personal loan for any personal financial need. Just fulfil simple eligibility requirements to get started.
The individual Must be 21 years And Above
Monthly Income should be ₹15,000 Minimum
Must have PAN card and Aadhaar card
You should have a good credit score (above 700)
Salaried or must have a stable income source
Indian citizen with a valid bank account
A ₹1.5 lakh personal loan can be a reliable financial option for various short-term goals and urgent needs. It offers quick, collateral-free access to funds for emergencies, education, or lifestyle expenses.
When sudden health issues arise, an emergency loan of ₹1.5 lakh can help you cover doctor visits, medicines, hospital bills, or diagnostic tests.
A ₹1.5 lakh personal loan can take care of flight tickets, hotel stays, or relocation costs.
Whether you need funds for books, online courses, or exam fees, support your career goals and skill development.
From painting and plumbing to small home upgrades, a ₹1.5 lakh personal loan helps you maintain or improve your home without disturbing your savings.
Upgrade your phone, laptop, or smartwatch conveniently with a small personal loan, ensuring you stay connected and productive without large upfront costs.
Handle wedding costs like attire, gifts, photography, or arrangements easily with a ₹1.5 lakh personal loan, so you can focus on celebrating your big day stress-free.
Need an instant 1.5 lakh loan? On Zype, you can get instant personal loans for any financial emergencies. Just follow these simple steps.
If you need 1.5 lakh rupees urgently, you can apply on Zype. Complete the application and e-KYC with PAN & Aadhaar for instant approval. Funds are typically credited within minutes to 24 hours.
Yes, you can obtain a Rs 1.5 Lakh loan amount even with a low CIBIL score. However, it will depend on the lender’s terms & policies. Also, they may result in higher interest rates or lower loan amounts.
The repayment tenure usually ranges from 12 to 60 months, depending on the lender’s policy and your repayment capacity. On Zype, repayments range from 6, 9, 12 or 18.
Yes, most lenders allow part-prepayment or foreclosure. Some lenders may charge a prepayment penalty, while others offer free prepayment after a fixed period. Check lender terms before you take the loan.
If you miss an EMI payment for your ₹1.5 lakh personal loan, you have to pay late payment charges. This has a negative impact on your credit score and impacts future loan offers if defaults continue.
A ₹1.5 lakh personal loan offers quick access to funds for short-term needs. Compared to options like credit cards or payday loans, it usually comes with lower interest rates, flexible EMIs, and transparent terms.
Yes, you can utilize ₹1.5 lakh personal loans for multiple reasons, ranging from medical expenses, education, weddings, travel, to debt consolidation.
No, a personal loan is unsecured, meaning it does not require any collateral or assets to be pledged.
Factors that affect your eligibility for a 1.5 lakh personal loan include credit score, monthly income, repayment history, existing debts, and employment stability.
Banks may take 2 – 5 working days, depending on document verification. While digital apps like Zype offer instant personal loans up to 2 lakh, disbursed within 24 hours, upon loan approval.
Defaulting on a ₹1.5 lakh personal loan can seriously hurt your credit score, add extra charges, and trigger recovery calls. It may also affect future loan approvals and lead to legal action if unpaid.
Yes, you can get a 1.5 lakh loan without income proof with few digital lenders. On Zype, we evaluate your credit profile and history, not just payslips or ITRs. Apply with PAN & Aadhaar details, complete e-KYC, and get quick funds, upon approval.
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Rahul Verma
I needed to get some repair work done in my house and take care of some personal expenses, for which I used a Zype loan. It was a great help for me.
Anisha Dhaka
I took a loan from Zype for my mother’s medicines. At that time, she was admitted to the hospital, and I didn’t have enough money to buy medicines or pay the hospital bills. Then, my friend suggested that I take a loan from Zype. The process was simple and easy, and within minutes, I got the loan.
Satya Prakash
I was in a very bad financial situation, and suffering from a heart condition —diastolic stage 2. Thank you so much Zype. I truly appreciate your support.
Educational only; not financial advice. Personal loans are offered by Zype, a regulated NBFC, as per final approval, internal credit policy, and RBI guidelines.
Borrower Responsibility: Read the KFS and Loan Agreement carefully before accepting any offer. Rates, fees, and charges vary by borrower profile, and non-repayment can affect your CIBIL score and financial stability.
Grievance Redressal: For issues, first use the NBFC’s grievance redressal mechanism. Unresolved complaints can be escalated under the RBI Integrated Ombudsman Scheme.
