Personal, home, vehicle, education and business loans
Loans up to ₹1 crore, assessed in under a minute
Apply online in about three minutes. A risk model trained on 2.5 lakh past applications assesses your profile instantly, and a loan officer makes the final decision, with the reasons explained.
- Interest rate
- From 10.5% p.a.*
- Loan amount
- Up to ₹1 crore
- Tenure
- 6 – 360 months
- Processing fee
- Nil*
*Indicative terms. See rates & charges.
EMI calculator
Reducing-balance method. Indicative only.
- Monthly EMI
- ₹16,251
- Total interest
- ₹85,044
- Total payable
- ₹5,85,044
89.3%
model accuracy on 50,400 held-out applications
2,52,000
historical applications used to train the model
Under 1 min
for the risk assessment after you submit
No documents
needed to receive a decision online
Choose a loan
Every loan is assessed on your applicant profile. The purpose is recorded with your application but does not change the decision.
- Apply
Personal loan
Weddings, travel, medical or big-ticket purchases
- Amount
- ₹50,000 – ₹25 lakh
- Tenure
- 12 – 60 months
- Rate
- From 10.5% p.a.
- Apply
Home loan
Buy, build or renovate a residential property
- Amount
- ₹5 lakh – ₹1 crore
- Tenure
- Up to 30 years
- Rate
- From 10.5% p.a.
- Apply
Vehicle loan
New or pre-owned cars and two-wheelers
- Amount
- ₹1 lakh – ₹30 lakh
- Tenure
- 12 – 84 months
- Rate
- From 10.5% p.a.
- Apply
Education loan
Tuition and living costs in India or abroad
- Amount
- ₹1 lakh – ₹75 lakh
- Tenure
- Up to 15 years
- Rate
- From 10.5% p.a.
- Apply
Business loan
Working capital and expansion for small businesses
- Amount
- ₹2 lakh – ₹1 crore
- Tenure
- 12 – 120 months
- Rate
- From 10.5% p.a.
How your application is decided
Step 1
Apply online
Five short sections covering your details, work, residence and the loan you need. About three minutes.
Step 2
Risk assessment
Your profile is converted into 414 model features and scored by a Random Forest risk model.
Step 3
Officer review
A loan officer reviews the assessment and approves, declines or asks you for more information.
Step 4
Decision
You’re emailed the decision and can download your letter and track your application any time.
Eligibility
- Age
- 21 to 79 years at the time of application
- Residency
- Resident of India with a current address in a listed city
- Employment
- Salaried or self-employed, with your total and current-job experience
- Income
- Gross annual income, declared in the application
- Contact
- A valid email address and a 10-digit Indian mobile number
Documents for disbursal
- Identity proof
- PAN card and Aadhaar
- Address proof
- Aadhaar, passport, utility bill or rent agreement
- Income proof
- Last 3 months’ salary slips, or 2 years’ ITR if self-employed
- Bank statements
- Last 6 months, from your salary or primary account
You don’t need to upload anything to get a decision. Documents are only needed after approval.
Rates & charges
| Interest rate | From 10.5% p.a. (fixed, reducing balance) |
|---|---|
| Processing fee | Nil |
| Part-prepayment | Nil after 6 EMIs |
| Foreclosure | Nil after 6 EMIs |
| Late payment | 2% per month on the overdue EMI |
All terms are indicative.
Security & privacy
- All connections are encrypted with TLS and protected by strict security headers.
- Your decision page opens only in the browser you applied from, or with your application ID and email.
- The risk model runs on our servers. Your browser only ever receives the result.
- We never sell or share your data for marketing.
Frequently asked questions
More answers in the help centre, or contact us.
What is LendWise?
LendWise is an online loan application platform. You fill in an application and a trained Random Forest model assesses your default risk to produce an instant, explainable decision. Decisions are not an actual credit offer.
How is my application decided?
Your profile (income, age, experience, job and residence tenure, marital status, house and car ownership, profession, city and state) is converted into 414 model features. A Random Forest predicts whether the profile is low or high risk, and a loan officer reviews that recommendation to make the final decision.
Does the loan amount affect the decision?
No. Loan amount, tenure and purpose are recorded with your application and used to estimate your EMI, but they are not model inputs. The decision is based only on your applicant profile risk.
How long does a decision take?
The risk assessment takes a few seconds. A loan officer then reviews your application; you’ll be emailed the decision and can check your status any time with your application ID and email.
Why was my application declined?
The model judged your profile to be higher risk. The decision page lists indicative factors — simple comparisons of your details with typical applicants — to help you understand the result. These are indications, not exact model explanations.
Find out where you stand in three minutes
Checking your decision doesn’t commit you to anything.