Whether it’s a medical emergency, home repair, education fee, or travel plan, sometimes all you need is a quick ₹1 lakh to bridge the gap. Getting a ₹1 lakh personal loan from DMI Finance is now faster, easier, and more accessible than ever before.
With the growing demand for small-ticket personal loans in India, borrowers are increasingly choosing digital loans. According to the Fintech Association for Consumer Empowerment (FACE), digital lending disbursals witnessed 49% growth in FY24.
In this guide, we’ll walk you through how to get a ₹1 lakh personal loan, who can apply, what documents you’ll need, how much you might repay, and why DMI Finance could be the ideal option for you.
A ₹1 lakh personal loan is ideal for:
Such loans are also ideal for individuals who want to avoid using their savings or investments to cover a temporary financial emergency.
When you apply for a ₹1 lakh loan, especially with DMI Finance, you could get these benefits:
Small-ticket loans, such as ₹1 lakh, are ideal to build your credit profile without long-term obligations.
Here’s a quick look at who qualifies:
| Criteria | Details |
| Age | 23 to 52 years |
| Monthly Income | ₹25,000 or more |
| Employment Type | Salaried or Self-employed |
| Minimum Credit Score | 700 |
To apply for a ₹1 lakh loan, you typically need the following:
Applying for a ₹1 lakh personal loan from DMI Finance is as simple. Here’s the process:
Your application will be submitted for review, and you’ll be notified of approval shortly.
Here’s what your EMI might look like for a ₹1 lakh loan:
| Loan Amount | Tenure | Interest Rate (approx.) | Monthly EMI | Total Payable |
| ₹1,00,000 | 12 months | 14.25% p.a. | ₹8,990 | ₹1,07,886 |
Note: This is a sample calculation. Actuals may vary based on eligibility and lender terms.
Use an EMI Calculator to check your personalised repayment plan.
Here’s why lakhs of borrowers trust DMI Finance:
A ₹1 lakh personal loan can be the perfect solution for short-term needs, whether it’s a medical emergency, home improvement, or a big purchase. With NBFCs like DMI Finance, the process is simple, digital, and transparent.
Responsible borrowing starts with understanding your eligibility, comparing options, and choosing a lender who prioritises your convenience and safety.
Need just ₹1 lakh for your immediate needs? With DMI Finance, the process is fast, digital, and designed for you. Click here to apply.
Make this festive season even more rewarding with an exclusive Personal Loan Offer from DMI Finance. Whether you’re planning a celebration, a home makeover, a big purchase, or managing year-end expenses, we’ve got you covered with fast, easy, and affordable loans.
Offer Details
The entire process is digital and hassle-free. Apply now and get approval within a few minutes. Once approved, funds will be directly transferred to your bank account within 24 to 72 hours. Enjoy extra financial freedom to fulfil your festive goals without worrying about the cost.
1. Can I get a ₹1 lakh loan with a ₹25,000 monthly salary?
Yes, if you meet other criteria such as age, employment, and credit score. DMI Finance offers personal loans to individuals earning ₹25000 per month.
2. What is the interest rate on a ₹1 lakh loan?
Rates depend on the lender and the applicant’s credit profile. At DMI Finance, rates are competitive and transparent.
3. Do I need collateral for a ₹1 lakh personal loan?
No, a ₹1 lakh personal loan is usually unsecured, meaning you don’t have to pledge any assets such as property or gold.
4. Can I apply online with Aadhaar and PAN only?
Yes, with DMI Finance, a digital application with Aadhaar and PAN is accepted.
5. Can I repay my loan early?
Yes. You can foreclose or prepay based on the lender’s terms. Check for applicable charges.
Also read: Foreclosure or EMI Payment. Which one is better?
6. What is the minimum eligibility for a ₹1 lakh personal loan?
To apply for a ₹1 lakh personal loan, the general eligibility criteria are:
7. How fast can I get a ₹1 lakh personal loan online?
After your loan application is approved, you can expect to receive the loan amount within 24 to 72 hours.
8. Can I get a ₹1 lakh loan with no credit history?
Some NBFCs do provide loans to first-time borrowers with thin or no credit history. However, the approval may depend on your income, employer type, and overall risk profile.
| Personal Loans of Different Amounts | |
| ₹50,000 Personal Loan | ₹2 Lakh Personal Loan |
| ₹3 Lakh Personal Loan | ₹4 Lakh Personal Loan |
| ₹5 Lakh Personal Loan | |
DMI Finance Editorial Team