Small Personal Loan — ₹25,000 to ₹3 Lakh on EMI
Product tier: T3
The step up from payday-style advances: ₹25,000–₹3,00,000 over 3–24 months, repaid in monthly EMIs via e-NACH. Rates are quoted per annum on reducing balance, which makes them look — and usually be — cheaper than per-day micro-loans. This is the right product when the need is real but one salary can't absorb it.
Who it fits
- Salaried or stable self-employed, income ₹20,000+/month
- Planned needs: education fees, repairs, consolidating 2–3 costlier app loans into one EMI
- Borrowers with at least a thin bureau file (some partners take new-to-credit at higher rates)
Who should skip it
- Sub-₹20,000 needs — fixed fees make an EMI loan inefficient there; see instant cash loan
- Anyone whose EMIs would cross ~50% of net income (lenders apply a FOIR cap and so do we, by design)
How applying works
- Use the EMI calculator to fix a comfortable EMI first
- Check offers — soft pull only
- Compare APR and total cost across partners, not just EMI size
- e-sign with the lender, set up e-NACH, funds land directly
Check my offers — zero CIBIL impact
What it really costs — representative examples
Illustrations computed with disclosed assumptions (small tickets: 0.1%/day; mid: 2.5%/month; EMI: 28% p.a.; 3% processing fee + 18% GST). Actual lender pricing varies — every real offer shows that lender's own KFS numbers.
| Amount | Tenure | Rate | Fee | GST | You receive | You repay | Total cost | APR | Repayment |
|---|---|---|---|---|---|---|---|---|---|
| ₹50,000 | 6 months | 28% p.a. | ₹1,500 | ₹270 | ₹48,230 | ₹54,104 | ₹5,874 | 40.6% | 6 × ₹9,017 |
| ₹1,00,000 | 12 months | 28% p.a. | ₹3,000 | ₹540 | ₹96,460 | ₹1,15,582 | ₹19,122 | 34.8% | 12 × ₹9,632 |
| ₹2,00,000 | 18 months | 28% p.a. | ₹6,000 | ₹1,080 | ₹1,92,920 | ₹2,46,537 | ₹53,617 | 32.6% | 18 × ₹13,697 |
Frequently asked questions
What CIBIL score do I need?
Most partners want 650+, a few accept lower or new-to-credit at higher pricing. Checking your offers here uses a soft pull, so looking costs your score nothing.
Reducing balance vs flat rate — what's the trap?
A 12% flat rate costs roughly the same as ~22% reducing. All offers on KredBaba are expressed as fees-inclusive APR on reducing balance, so you can compare like for like.
Can I use this to close app loans?
Consolidating several 30-day advances into one EMI loan is often the single best move to escape the stacking cycle — our guide walks through it step by step.
What happens if an EMI bounces?
You pay both your bank's return charge and the lender's bounce/penal charge, and the DPD hits your bureau. If trouble is coming, call the lender before the due date — restructuring beats a bounce.