Personal Loan
Salaried or self-employed individuals aged between 21 and 60 years with a regular income.
Loan amounts range from ₹1 lakh to ₹1 crore depending on business turnover.
Loan amount may range from ₹50,000 to ₹25 lakhs depending on lender policy.
No, personal loans are unsecured and do not require collateral.
Yes, prepayment is allowed as per bank or NBFC terms.
Business Loan
Business owners, proprietors, and SMEs with at least 1 year of business operations.
Loan amounts range from ₹1 lakh to ₹1 crore depending on business turnover.
Collateral is required only for secured loans; unsecured options are also available.
Approval generally takes 3 to 7 working days.
Interest rates depend on loan type, credit profile, and lender policy.
Home Loan
Applicants aged 21–65 years with stable income and valid property documents.
Tenure can go up to 30 years depending on lender policy.
Yes, most banks allow prepayment with minimal or no charges.
Processing fees usually range from 0.25% to 1% of the loan amount.
ID proof, address proof, income proof, and property documents.
Loan Against Property
Property owners with valid ownership documents and stable income.
Based on property value and lender’s loan-to-value (LTV) ratio.
Yes, since it is a secured loan, interest rates are generally lower.
Tenure usually ranges from 5 to 15 years.
Yes, foreclosure is allowed as per lender terms.
Mudra Loan
Small businesses, startups, and self-employed individuals.
Up to ₹10 lakh under Shishu, Kishor, and Tarun categories.
No, Mudra loans are collateral-free.
Generally 7–10 working days.
Interest rates depend on bank policy and loan category.
Car Loan
Individuals aged 21–60 years with stable income.
Up to 90% of car value for new cars and up to 80% for used cars.
New car: 8–12%, Used car: 10–14% depending on lender.
Yes, as per bank or NBFC terms.
ID proof, address proof, income proof, and car quotation.
Education Loan
An education loan helps students finance their higher studies in India or abroad, covering tuition fees and related expenses.
Students who have secured admission in a recognized institution can apply, usually with a parent or guardian as co-applicant.
Education loans may cover tuition fees, hostel charges, books, exam fees, and other study-related expenses.
Collateral requirement depends on the loan amount and the lender’s policies.
No, final approval depends on the bank or NBFC’s eligibility criteria and internal policies.
Credit Card
Individuals aged 21–60 years with minimum income as per bank norms.
Annual fees range from ₹0 to ₹5,000 depending on the card type.
Based on income, credit score, and bank policy.
Yes, reward points are offered on eligible card transactions.
Late payment fees and interest may be charged as per bank rules.
General Questions
LightPaisa is a loan assistance platform that helps users connect with banks and NBFCs.
No, final approval depends on the lender’s internal policies.
Yes, applying through our platform is free of cost.
Yes, we follow standard data security practices.
You can contact us via phone, email, or website enquiry form.