Instant Personal Loan

Crust Corporate’s personal loan serves multiple purposes and is available for both salaried and self-employed individuals. Life can throw up a surprise anytime in the form of opportunities or challenges. Thus, from financing a wedding, travel, child’s education, vacation, medical emergency, any big-ticket purchase, home repair or even debt consolidation - we are here for you.

From Crust Corporate, you can borrow up to Rs. 25 lakhs, with flexible repayment tenures up to 60 months, at affordable interest rates starting from 11.99%. Our online process for instant personal loan application ensures that you can get the financial support you need within minutes from the comfort and safety of your home.

apply personal loan online

Features & Benefits


Loans up to INR. 25 Lakh*

You can borrow up to Rs. 25 lakhs*. The amount you are eligible for depends on several factors, including your age, net monthly income, existing financial obligations, etc.


Flexible and Attractive Interest Rates

The starting rate is 11.99%* for salaried and self-employed individuals with a maximum limit of 36%*.


Hassle-free Documentation Process

Our loan procedure is totally paperless if you apply online. No heavy paperwork involved at all.


Quick Disbursal

After all checks are performed, the approved amount will be credited to your bank account within 30 minutes* of approval.


Additional Benefits for Existing Customers

Our existing customers can expect additional benefits.

Eligibility Criteria for Personal Loan

The eligibility criteria for personal loans at Crust Corporate include:

  • The applicant must be a resident citizen of India.
  • Should either be an employee of a private limited company or public sector undertaking, or be gainfully self-employed.
  • Must be between 21 and 60 years of age Further, the minimum income of the applicant should be:
  • For Salaried Professionals:
    • `25,000/Month: if residing in Mumbai or Delhi
    • `20,000/Month: if residing in the rest of India
  • For Self Employed: The minimum yearly profit after tax set based on profession/industry

To calculate your eligibility, you can use our personal loan eligibility calculator.

Documents Required for Personal Loan

The documents required for availing a personal loan from Crust Corporate include:

  1. Duly filled and signed application form
  2. Proof of identity
  3. Proof of address
  4. Proof of age
  5. Salary slips for the last three months (for salaried)
  6. Bank statement for the last six months
  7. Income tax returns or form 16
  8. Proof of Income / financial statements (for self-employed)

When Can You Take a Personal Loan?

You can take a personal loan for almost any purpose. Here are some of the reasons for taking a personal loan:

  • Medical Emergencies - Lack of financial assistance can limit your ability to access quality healthcare. Avail a personal loan at the earliest by furnishing the required documents.
  • Used Cars - Realize your dream of owning a used car by opting for a personal loan at flexible rates of interest.
  • Debt Consolidation - Get rid of the circle of debt by consolidating different debts into a single personal loan. The incurred on repaying the loan will be considerably lower than repaying multiple loans.
  • Higher Education - Give wings to your dreams of higher education by availing of a personal loan to meet all your educational requirements right from course fees, travelling expenses, hostel fees etc. 
  • Wedding Expenses - You can take a personal loan to cover the expenses for your dream wedding
  • Home Renovation - Avail a personal loan and undertake renovations/repairs to enhance the value of your home. Opt for a loan at competitive rates of interest and flexible repayment tenor. 

How to apply for a Personal Loan from Crust Corporate?

  1. Click on the “Apply Now” button on the top of this page. 
  2. You will be asked to enter your mobile number and select if you are salaried or self-employed. 
  3. OTP verification for your mobile number will be done.
  4. This will then take you to the next step where you can enter the loan amount you need and preferred repayment tenure. You will also be asked to provide information including personal, employment and banking details.
    You can also apply through our branches, by calling customer care, or through our Chatbot Dia. Salaried customers can additionally download Crust Corporate’s Instaloan mobile app and complete their application.

Check Eligibility Instantly

At Crust Corporate, we partner with you to fulfill your dreams and aspirations with customized personal loan schemes. Our personal loan eligibility criteria are easy to comply with. To apply for a personal loan from Crust Corporate, you must be a resident citizen of India between the age of 21 years and 60 years. Further, your monthly income should be at least `20,000. This is increased to `25,000 if you live either in Mumbai or Delhi. Your repayment ability is determined by your credit score and existing loans, and is also taken into account.

Crust Corporate Personal Loan Eligibility


Salaried employee of a private limited company or public sector undertaking, or self-employed with a minimum turnover as per the current policy

Eligible Age

21 years to 60 years

Minimum Income for Loan Eligibility

For salaried: `25,000 per month in Mumbai/ Delhi, `20,000 per month in rest of India

For self-employed: a minimum yearly profit after tax determined based on profession/industry

Work Experience Required

1 year

Experience in Current Company

6 months

Minimum CIBIL Score


Maximum EMI as percent of Income


*Subject to terms and conditions. Please contact us for more information.

How to Check Eligibility for a Personal Loan?

The personal loan eligibility criteria heavily depend on your disposable income. This should be at least 30% to 40% of your net monthly income. You should have a good credit score. For availing the best offers, it would be advisable to clear the pending dues and improve your personal loan eligibility. This will ensure a maximum personal loan amount based on your income, age, repayment capacity, and other factors. To know more, please also see our personal loan eligibility calculator.

Want to explore further? Our team is available over phone, email and chat, to help you with all your queries regarding personal loan eligibility.

Our streamlined eligibility process helps you find the best solution taking into account more than just your credit history. Crust Corporate personal loans are customised for your unique financial profile and needs based on your savings, expenditure patterns and employment history.

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Interest Rate Info

Crust Corporate personal loan interest rates start at 11.99% for salaried and self-employed applicants for a maximum of 60 months, which means you can get EMI as low as ₹ 2,224* per month. The interest rates and processing fee (Between 0% - 6% of the loan amount) make up for the total cost of the loan. Please do note that the exact interest rate applicable to you would also depend on the loan tenure you select (between 12 - 60 months) and the loan amount requested. Depending on our policy at the time of loan application, your requirement and profile, we decide the best personal loan rates applicable. You can then draw your monthly budget accordingly so that it is possible to pay the EMIs with ease.

At Crust Corporate, we value your ambitions and expectations. We will quote a suitable rate of interest that you can afford. We provide instant decisions in personal loan eligibility after online application, and communicate the fees and charges upfront and maintain transparent procedures. When you choose Crust Corporate as your financial partner, you do not have to worry about hidden charges or fees.

Please see below, a complete list of personal loan charges and rates.

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At Crust Corporate, we bring you the best personal loan rates based on your individual and financial profile as well as your requirement. Apart from interest charges, we also charge processing fees and foreclosure charges are applicable in case of prepayment or foreclosure of the loan. Provided below is a brief snapshot of the current personal loan interest rates and the factors that influence its finalization.

Personal Loan Interest Rate 11.99% to 36%
Processing Fee Between 0% - 6% of the loan amount
Loan Tenure Up to 60 months
Lowest EMI Per Lakh `2,275 for 60 months
Prepayment Charges 0% to 7%*

*Terms and Conditions Apply.

Personal Loan Fees & Charges

Here’s a table of Crust Corporate personal loan fees and charges to help you understand the same in detail,

There are a few personal loan charges to keep in mind. These, along with interest rates influence the total cost of the loan. Below enlisted is information on the applicable fees and charges.

Fee Type Applicable Charges
Delayed EMI Payment Interest
( per month of delay, every month)
As stated under additional interest charge**
Collection of Cheque/Cash
(per collection)
Cheque /ECS/NACH dishonoured Charges
(per dishonour of cheque/ECS/NACH per presentation)
Swap Charges- for replacement of Post-dated cheques to ECS
(per instance)
Swap Charges- for replacement of ECS to ECS
(per instance)
Loan Cancellation charges
(loan cancelled before first EMI)
Processing Fees Between 0% - 6% of the Loan Amount
*Foreclosure charges/ pre-payment penalties shall not be charged on all floating rate term loans sanctioned to individual borrowers

Personal Loan Foreclosure Charges

Summarized below are the foreclosure charges applicable if you wish to close your loan account before the end of the loan tenure.

Foreclosure Charges Personal Loan Salaried Personal Loan Self Employed
0 to 6 EMIs fully paid Not Allowed Not Allowed
7 to 17 EMIs fully paid 7% 7%
18 to 23 EMIs fully paid 5% 5%
24 to 35 EMIs fully paid 3% 3%
36 or more EMIs fully paid 0% 0%

Personal Loan Additional Interest Rates

**Additional Interest (applicable for payment defaults): Rate
**Additional Interest (applicable for payment defaults) 2% of overdue EMI per month calculated on a daily basis for both salaried and self employed personal loans

Documents Required

We, at Crust Corporate, are committed to making your borrowing journey as smooth as possible. Our personal loan requirements are minimal and concise. To apply for a personal loan, all you need are a few documents. There’s no heavy paperwork involved. Please note that the personal loan documents for salaried and self-employed individuals differ from each other. We will take you through both these requirements. Basically, the documents required for personal loan include KYC proof, income proof, business details, and a few more. We request you to submit accurate details and papers so that we can process your loan application in the shortest possible time.

Documents to Apply for a Personal Loan

When applying for a personal loan, you will need to submit the following documents:

  • KYC documents such as driving license, Aadhaar card, and voter ID card
  • Last 3 months’ salary slips (for salaried) or income proof (for self-employed)
  • Last 6 months’ bank account statements of your salary account (for salaried) or current account (for self-employed)

Please note that depending on your individual profile and Crust Corporate’s policy at the time of loan application, additional documents may be requested.

Please note:

Individual residence proof is at times not applicable for all the applicants of the loan especially wherein family members live at the same residence, and the utility bills are in the name of one of the members (for example, the parent or spouse). The company is liable to accept the address proof in the name of the joint applicant subject to the fact that the relationship with the co-applicant is established on the ID documents of the primary applicant.

Connect with Crust Corporate on chat, email, or over the phone or visit our nearest branch for any questions on documentation.

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EMI Calculator

Loan EMI

₹ 24,959

Total Interest Payable

₹ 34,90,279

Total of Payments
(Principal + Interest)

₹ 59,90,279

Created with Highcharts 4.2.2 Break-up of Total Payment 41.73% 58.27% Principal Loan Amount Total Interest Total Interest: 58.27%


We are here to help you always

Need help? Call our award-winning support team at 040 6666666666

Frequently Asked Questions

Personal loans are unsecured credit with flexible end-use that typically have a tenure of 12 months to 60 months. If a shorter tenure is chosen, individual EMI amounts are higher, while a longer tenure results in lower individual EMIs. The following are the key features of a personal loan:

Personal Loan Features

  • Collateral/Security Required: You don’t need to provide any collateral such as house or car to avail a personal loan. The loan is approved only on the basis of your creditworthiness, which depends on your credit score, income, repayment history, employer reputation, etc.
  • Flexible End Use: Unlike a car loan or home loan, personal loans can be used for multiple purposes, such as to meet expenses of a medical emergency, travel, house renovation, debt consolidation, etc.
  • Flexible Tenure: Personal Loans come with flexible tenure usually ranging from 12 months to 60 months.
  • Minimal Documentation: You can apply for a personal loan online and even offline with minimal documentation. Key documents that lenders generally need the applicant to provide include a proof of identity, a proof of address and a proof of income.
  • Quick Disbursal: Personal loan disbursal can happen within a period as short as a few hours, once the application is approved. Turnaround times can also be as short as a few minutes, if you are able to avail a pre-approved loan offer.
  • Flexible Loan Amount: The eligible personal loan amount is based on an individual’s repayment history, monthly income, age, profession, employer reputation and other such factors. Lenders offer personal loans of amount as low as Rs. 10,000 to as high as Rs. 40 lakh.

 Methods Reducing Balance Method Flat Interest Rate Method
Method of Calculation EMIs are calculated only on the principal amount outstanding after each prior payment. EMIs are calculated on the original amount borrowed, i.e. the entire loan principal.
EMI Payout Individual EMI payouts decrease with each successive EMI payment. Individual EMI payouts remain unchanged over time.

The verification process for a personal loan involves the following key steps:
Step 1: Once you have submitted your online application on, your chosen lender receives your online loan application.
Step 2: Subsequently, the lender’s representative will call you to verify application details and arrange for pickup of documents required for your loan application.
Step 3: Once the documents have been collected and successfully verified, the personal loan application is approved.
Step 4: Loan is disbursed once the applicant signs the loan agreement.

Once your personal loan application is approved and the loan has been sanctioned, disbursal occurs in one of 2 ways:
Option1.Direct transfer of funds to a savings/current bank account specified by the applicant.
Option2. An account payee cheque/ draft sent to the applicant’s mailing address by post.
Currently the 1st option is more commonly used as disbursal is quicker and there is no risk of a cheque/draft getting lost in transit by post.

The main factors affecting the disbursal limits of personal loans include the following:
  • Income of the applicant – higher income level tends to increase the disbursal amount
  • Current EMI payable – higher EMI payouts typically decrease the disbursal amount
  • Number of dependents – higher number of dependents usually decrease the disbursal amount

The list of factors impacting disbursal limits of personal loans mentioned above is not exhaustive and there may be others that impact the disbursal decision made by lenders.

Timely EMI payments of your personal loan are essential to ensure that you maintain a clean credit history and good credit score. There are multiple ways you can pay your loan EMI:
  • Standing Instructions – You can use NACH mandate to set up standing instructions.
  • Autopay – You can use internet banking to set-up autopay for EMI payment.
  • Online Transfer – EMI payments can be made online using NEFT, RTGS, IMPS payments.
  • Cheque/Draft – Post-dated cheques (PDC) or drafts can also be used to pay your PL EMI.
  • Do keep in mind that the different EMI payment options mentioned above may or may not be available in case of your lender.

The following are a few specific terms related to personal loans that you must know:
  • Personal Loan for Women: It is a special category of personal loan offered to women by several banks and NBFCs. A preferential rate of interest is applicable in such cases to promote and support female entrepreneurs and working women.
  • Personal Loan for Pensioners: It is offered to senior citizens so that they can meet their retirement needs, medical expenses, or plan a trip without any financial constraint.
  • Pre-approved Personal Loan: This is a special category of personal loans, also known as instant personal loans. These are usually offered to existing customers (account holders/credit card holders) of the bank or NBFC. Instant personal loans are characterized by minimal to no documentation and quick disbursal of the loan amount (generally within a few hours). However, the loan amount sanctioned in such quick personal loan offers depend on the applicant’s profile and cannot be changed.
  • Top-up Loan: This is a personal loan issued to a borrower who already has an unpaid personal loan from the current lender. Top-up personal loans are usually available to select PL customers of the NBFC and they often feature an interest rate similar to that of a standard personal loan.
  • Balance Transfer: Balance transfer is the process by which the principal outstanding of an existing loan is transferred to a new lender offering a lower interest rate. This decreases the overall interest payout over the loan tenure.
  • EMI: Equated monthly installments (EMI) are the scheduled monthly payments that a borrower needs to pay over the loan tenure to pay off the amount borrowed along with interest accrued.
  • Partial-Prepayment: In case the borrower decided to repay a loan amount that is greater than the monthly EMI payout, the extra amount is considered to be a partial-prepayment. Such partial prepayment decreases the outstanding loan principal and in effect reduces the total interest outgo for the loan. In such cases, prepayment penalties and related taxes may be applicable.