Get Personal Loans up to 2 Lakhs in 6 minutes
Welcome to Patna, the historic capital and rapidly modernizing largest city of Bihar. This economic boom has increased the need for accessible and quick financing options for its residents. Whether you’re a professional, an entrepreneur, or a student, an instant personal loan is the ideal solution for immediate financial needs without the hassle of long waiting periods.
A digital platform backed by a regulated NBFC, like Zype, offers a completely digital process, ensuring you can get an instant loan in Patna approved and disbursed quickly. Zype offers quick access to funds up to ₹2 Lakh right from your mobile device. All eligible applicants will receive a mandatory Key Facts Statement (KFS) prior to loan acceptance, detailing the Annual Percentage Rate (APR) and all applicable charges.
An instant personal loan is an unsecured credit product designed for maximum speed and flexibility, making it the ideal cash loan in Patna for urgent requirements.
Zype offers loan amounts from ₹3,000 up to ₹2,00,000. The funds are unsecured and can be used for any legitimate personal purpose.
The indicative range begins from 1.5% per month (equivalent to a minimum Annual Percentage Rate (APR) of 18% p.a.) and goes up to 3.0% per month (equivalent to a maximum APR of 36% p.a.). The final rate is personalized based on your credit profile.
The entire process, from eligibility check to disbursal, is fully digital and app-based.
The loan is unsecured, granted purely based on your creditworthiness and income stability.
Once approved and the KFS is accepted, the loan amount is often disbursed directly and instantly into your registered bank account within minutes.
Flexible repayment tenures of 6, 9, 12 or 18 months are available.
Personal loans are versatile and can be used for various purposes by residents across Patna.
These act as emergency funds to cover hospital bills, treatments, or unexpected medical costs without draining savings.
Funding educational fees, hostel charges, or course materials, supporting Patna’s growing academic aspirations.
Upgrading or repairing your home, especially for events or festive seasons.
Financing a dream vacation or a quick getaway from the city.
Paying off high-interest credit card debt or other smaller loans to simplify repayment into a single, affordable EMI.
Characterized by speed and an entirely digital application process, often resulting in money being credited within minutes of final agreement acceptance.
The true cost of borrowing is a combination of the interest rate and various charges, all transparently disclosed in the mandatory Key Facts Statement (KFS).
| Parameter | Details and Compliance Norms |
|---|---|
| Monthly Interest Rate | Varies from 1.5% to 3.0% per month. |
| Annual Percentage Rate (APR) | Translates to an APR of 18% to 36% per annum. Includes interest and all mandatory fees. |
| Processing Fees and GST | A nominal, one-time processing fee is applicable, plus GST, and is deducted upfront from the sanctioned amount. |
| Penal Charges | Zype levies only ‘Penal Charges’ (not Penal Interest) on the amount under default, as per RBI norms. These charges will not be capitalized. |
| Prepayment/Foreclosure Charges | Zype currently maintains a policy of not levying prepayment or foreclosure charges (Always confirm this feature explicitly in the KFS). |
| Other Charges | All charges must be clearly disclosed in the Key Facts Statement (KFS) before loan acceptance. |
To qualify for an instant personal loan in Patna through Zype, you need to meet a few straightforward criteria:
| Criteria | Requirements for Instant Personal Loan | Rationale |
|---|---|---|
| Age & Citizenship | Indian Citizen, 21 years or older, with valid PAN and Aadhaar card. | Legal capacity and identity verification. |
| Minimum Net Monthly Salary | Minimum Net Monthly Income of ₹15,000. | Proves sufficient funds for EMI repayment. |
| Salary Credit | Salary must be received through a bank account (not cash) for verifiable proof. | Verifiable income proof as per RBI norms. |
| Employment Status | Must be currently employed as a salaried individual. | Consistency of income inflow. |
The process is designed for minimal, digital documentation:
| Document Type | Specific Proofs Required | Purpose |
|---|---|---|
| Mandatory KYC Documents | PAN Card and Aadhaar Card (for digital KYC). | Identity verification and credit history check. |
| Photo Proof | Real-time Selfie Verification taken within the app. | Face verification and fraud prevention (Adherence to Digital Lending Guidelines). |
| Income Proof (Conditional) | Last few months’ Bank Statements (via secure Net Banking details). | Verification of minimum salary credit and financial stability. |
Planning your repayment is critical. The EMI calculator helps you determine the manageable monthly commitment before you borrow.
| Parameter | Value |
|---|---|
| Loan Amount (P) | ₹50,000 |
| Interest Rate (R) | 2.0% per month (APR: 24% p.a.) |
| Tenure (N) | 12 months |
| EMI Calculation | ₹4,728 (Approx.) |
| Total Payable | ₹56,736 (Approx., excluding processing fees/GST) |
The EMI Formula used is: E = P × R × (1+R)^N / [(1+R)^N – 1]
Where:
Your Credit Score (CIBIL Score) is the most important factor determining your personal loan offer, reflecting your creditworthiness.
| CIBIL Score Range | Impact on Loan Approval & Rate |
|---|---|
| 750 and above | Highest chance of instant approval. Eligible for the most competitive rate (closer to 1.5% p.m./18% APR) and highest loan amounts. |
| 650 to 749 | Good approval chance, but interest rates will be moderately higher (mid-range). |
| Below 650 | Approval becomes challenging, and if approved, the interest rate will be significantly higher (closer to 3.0% p.m./36% APR), or the loan size may be restricted. |
A higher score translates to lower risk, which is rewarded with better terms and a lower personal loan interest rate in Patna.
Getting your instant personal loan online in Patna is a seamless experience with Zype:
To ensure your loan application is processed and approved instantly:
You must be an Indian citizen, 21 years or older, a salaried individual, and have a minimum net monthly income of ₹15,000 credited to a bank account.
The maximum tenure offered is 18 monthly EMIs. Flexible options include 6, 9, 12 or 18 monthly EMIs.
CIBIL Score (750+ is ideal), a clean repayment history, high monthly income, and a low existing debt-to-income ratio.
The loan amount ranges between ₹3,000 to a maximum of ₹2,00,000.
The primary documents are PAN Card, Aadhaar Card, a real-time selfie, and conditionally, Recent Bank Statements for salary verification.
The rates start at 1.5% per month (18% APR) and go up to 3.0% per month (36% APR). The final, all-inclusive rate (APR) is dynamically calculated and disclosed in the mandatory KFS.
The entire process, from application to money being credited to your bank account, can take as little as 10 to 15 minutes if documentation and verification are seamless.
Currently, Zype does not levy prepayment or foreclosure charges. Always confirm this feature in the KFS.
While a lower score (e.g., below 650) makes approval challenging, if approved, it will result in a significantly higher applicable interest rate (closer to 3.0% p.m./36% APR) and a potentially smaller loan amount.
This page is provided for informational purposes regarding unsecured personal loans, specifically the small-value Personal Loan in Patna.
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.
