Get Instant Personal
Loan Up to 5 Lakh

• Indian citizens residing in India
• Age between 21 and 65 years
• Employed (either salaried or self-employed)
• Meeting the lender's minimum income requirements
• A credit score that satisfies the lender's internal risk policy

To apply:

1. Download and open the Upstox Loans App
2. Log in using your Upstox credentials
3. If eligible, a loan offer will be displayed
4. Follow the steps to complete the application digitally

The entire process is paperless. You may need to submit:

• Aadhaar and PAN for KYC verification
• Bank account details for disbursal
• A selfie for identity verification

Lenders may request additional documents during processing.

Loan amounts range from ₹20,000 to ₹5,00,000, with repayment terms between 6 to 60 months, subject to approval and lender policy.

All charges are set by the lending partners. Typically:

• Interest rates start from 13.99% per annum
• Processing fees: 1% to 4% of the loan amount (incl. GST)
• Bounce charges: ₹400-₹500 (excluding GST)
• Penal interest: 18%-36% per annum on overdue amount

Ensure you read all terms, including the Loan Agreement and Key Fact Statement (KFS), before proceeding.

Once your loan is approved, the amount is credited directly to your registered bank account by the lending partner. Upstox only facilitates the loan process and does not handle disbursal or repayment.

The name of the lending partner will be clearly mentioned in your:

• Loan Offer screen
• Loan Agreement
• Sanction Letter and Key Fact Statement (KFS)

You’ll receive these documents on your registered email. For any disbursal-related queries or delays, please contact the lending partner’s support team listed in your loan documents.

Loan repayments are made through an auto-debit facility (eNACH) that you authorize during the application process. This allows your Equated Monthly Installments (EMIs) to be automatically deducted from your registered bank account on the scheduled due date.

To avoid missed payments, it's important to ensure that your account has sufficient balance at least one day prior to the EMI date. In case an auto-debit fails, you may be charged a bounce fee as specified by the lending partner.

Some lenders may also offer a manual repayment option through UPI, net banking, or debit cards—details of which will be available in your loan account or agreement.

If you have complaints related to your loan, you can contact the nodal officer of the respective lender:

Yes, you can choose to foreclose (close the loan before its full tenure) or part-prepay your outstanding loan amount. Most lending partners allow this, but they may levy a prepayment or foreclosure charge, depending on how early you decide to close the loan and the terms mentioned in your loan agreement.

We recommend reviewing your Loan Agreement and Key Fact Statement (KFS) to understand any charges that may apply. For exact details or to initiate prepayment, you will need to reach out to the lending partner directly.