Our services
Personal loans & business loans
We help you start a loan enquiry with our lending partners. Understand loan options, then review the lender's offer and every charge in its Key Facts Statement before you decide.
HandLoan.ai is not a bank or NBFC and does not lend money. We are a loan facilitation platform. Loans are offered by our lending partners, which sanction and disburse them at their sole discretion, subject to their own eligibility checks, verification and credit assessment. We share your enquiry with a lending partner only with your consent. Approval is not guaranteed and applications may be declined.
Start with an online enquiry. HandLoan.ai collects your enquiry and explains loan options in plain language. We share your enquiry with a lending partner listed on our Lending Partners page only with your consent. We are not a lender.
For individuals
Personal Loan
A personal loan is an unsecured loan — no collateral or guarantor needed — that you repay in fixed monthly instalments (EMIs). Use it for planned or unplanned expenses:
- Education and skill-building courses
- Wedding and family functions
- Medical expenses
- Home renovation and furnishing
- Travel
- Consolidating existing loans into one EMI
- Loan amount
- ₹25,000 – ₹25 lakh
- Tenure
- 12 – 60 months
- Interest rate
- Set by the lender, shown in the KFS
- Decision time
- Varies by lender
Typical eligibility
- Indian resident aged 21 to 58
- Salaried or self-employed with a regular income
- Monthly income of ₹15,000 or more
- Credit score generally 750 or above
- Salaried: usually 6+ months with current employer and 2+ years total experience
- Existing EMIs ideally below 40–50% of monthly income
HandLoan.ai accepts enquiries only from Indian residents aged 21 to 58 with a monthly income of ₹15,000 or more. Final eligibility, amount and rate are decided by the lending partner.
Documents the lender may ask for
- PAN card
- Aadhaar (for eKYC, with your consent) or other officially valid KYC document
- Bank statements for the last 3–6 months
- Salaried: recent salary slips
- Self-employed: latest Income Tax Return (ITR)
HandLoan.ai does not ask for these documents. The lending partner may ask for them at its own step, only with your consent.
For businesses
Business Loan
A collateral-free business loan to fund working capital, inventory, equipment, expansion or new opportunities — repaid in fixed monthly EMIs.
- Working capital and cash-flow management
- Buying inventory or raw material
- Purchasing or upgrading equipment
- Opening a new outlet or expanding operations
- Marketing and growth initiatives
- Loan amount
- ₹25,000 – ₹50 lakh
- Tenure
- 6 – 60 months
- Interest rate
- Set by the lender, shown in the KFS
- Decision time
- Varies by lender
Typical eligibility
- Indian resident aged 21 to 58, with a monthly income of ₹15,000 or more
- Business operating for at least 12 months
- Proprietorships, partnerships, self-employed professionals (doctors, CAs and others), gig workers and self-help groups
- Credit score typically 650 or above; some lenders consider new-to-credit applicants
- Business and office not on the lender’s negative list
Charities, NGOs and trusts are not eligible.
HandLoan.ai accepts enquiries only from Indian residents aged 21 to 58 with a monthly income of ₹15,000 or more. Final eligibility, amount and rate are decided by the lending partner.
Documents the lender may ask for
- KYC: Aadhaar, passport or Voter ID (any one)
- PAN card
- Bank statements for the last 12 months
- Business registration proof: GST, Udyam registration or Shop & Establishment certificate (any one)
- Business address proof: GST certificate, recent utility bill, rent agreement or Udyam registration
HandLoan.ai does not ask for these documents. The lending partner may ask for them at its own step, only with your consent.
Rates & charges
Transparent pricing
HandLoan.ai does not set loan prices. Learn about loan amounts, tenures, interest rates and charges. The lending partner sets these and shows them in its Key Facts Statement.
| Charge | Personal Loan | Business Loan |
|---|---|---|
| Interest rate (reducing balance) | Set by the lender, shown in the KFS | Set by the lender, shown in the KFS |
| Loan amount | ₹25,000 – ₹25 lakh | ₹25,000 – ₹50 lakh |
| Repayment tenure | 12 – 60 months | 6 – 60 months |
| Processing fee (charged by lender) | Charged by the lender, if any — shown in the KFS | |
| Repayment frequency | Fixed monthly EMIs, usually by auto-debit (e-NACH) from your bank account | |
| Annual Percentage Rate (APR) | Shown in the lender's KFS before you accept — includes interest and all fees | |
| Late payment / penal charges | As stated in the lender's KFS and loan agreement | |
| Prepayment / foreclosure | As per the lender's policy, stated in the KFS | |
| Lender responsible for the loan | The lending partner named in your offer and KFS (see Lending Partners) | |
| HandLoan.ai fee to borrower | Nil — no fee for submitting an enquiry; never pay anyone an upfront fee | |
Illustrative EMI calculation
See how an EMI is worked out
| Loan amount | ₹1,00,000 |
|---|---|
| Tenure | 24 months |
| Example interest rate (reducing balance) | 14% p.a. |
| Monthly EMI | ₹4,801 |
| Total interest payable | ₹15,231 |
| Total amount repayable | ₹1,15,231 |
This is a mathematical illustration using an example rate. It is not a loan offer and does not represent any lender's pricing. It excludes processing fees and other charges. Your actual interest rate, all fees and charges, and the Annual Percentage Rate (APR), which includes interest and fees, are set by the lending partner and shown in its Key Facts Statement (KFS) before you accept. Repayment tenures range from 6 – 60 months.
Know your EMI before you borrow
Use our EMI calculator to plan a repayment that fits your budget.
Loan enquiry
Start with an online enquiry
Start with an online enquiry. HandLoan.ai collects your enquiry and explains loan options in plain language. We share your enquiry with a lending partner listed on our Lending Partners page only with your consent. We are not a lender.
Who can send an enquiry
- Indian resident
- Aged 21 to 58
- Monthly income of ₹15,000 or more
Your enquiry is shared with a lending partner only after we tell you which lender and you give your consent.
FAQs
Common questions about loans
Does HandLoan.ai charge me any fee?
No. HandLoan.ai does not charge you any fee for submitting an enquiry. Never pay anyone an upfront fee. Any charges levied by the lender, such as a processing fee, are disclosed in the lender's Key Facts Statement before you accept.
Who can apply?
Indian residents aged 21 to 58 with a monthly income of ₹15,000 or more can send an enquiry. HandLoan.ai accepts enquiries only from age 21 to 58. Each lending partner also applies its own eligibility criteria and makes the final decision.
What loan amounts and tenures are available?
We accept enquiries for personal loans from ₹25,000 to ₹25 lakh with tenures of 12–60 months, and business loans from ₹25,000 to ₹50 lakh with tenures of 6–60 months. The actual amount and tenure are set by the lending partner. We do not facilitate short-term or payday loans repayable in 90 days or less.
What interest rate will I get?
HandLoan.ai does not set interest rates. Your interest rate is set by the lending partner, based on its assessment of your profile, such as income, credit score and repayment history. The lender shows the interest rate, all charges and the Annual Percentage Rate (APR) in its Key Facts Statement before you accept.
What is a Key Facts Statement (KFS)?
A KFS is a standardised summary that RBI-regulated lenders must give you before you sign a loan agreement. It lists the loan amount, interest rate, APR, all fees and charges, the repayment schedule, the cooling-off period and the lender's grievance contact. Please read it carefully before accepting any offer.
Will applying affect my credit score?
Sending an enquiry to HandLoan.ai does not affect your credit score: HandLoan.ai does not fetch your credit report. The lending partner that reviews your enquiry may check your credit report, only with your consent and after telling you who is requesting it and why. A lender's credit enquiry may be recorded on your credit report.
How do I repay my loan?
If you take a loan from a lender, you repay that lender directly through the repayment channels shown in your loan agreement, usually an auto-debit (e-NACH) mandate from your bank account. HandLoan.ai does not collect loan repayments into its own account.
What happens if I miss an EMI?
On any loan, a missed or late EMI may attract penal charges as stated in the lender's KFS and can lower your credit score. If you expect difficulty in paying, contact your lender as early as possible to discuss your options. Recovery practices are governed by the lender's fair practices code and RBI rules.