Last Updated on Mar 18, 2025 by Harshit Singh
Curious about personal loans? This blog answers the most common queries about personal loans, covering eligibility, interest rates, repayment, and more to help you make informed borrowing decisions.
In case you do not find your question here or want more information, you can reach out to us at support@tickertape.in.
Q1: Who can get a personal loan?
Your eligibility depends on factors like credit score, credit history, and financial stability, as determined by our lending partners.
Q2: Do I need collateral for a personal loan?
No, personal loans on Tickertape don’t require any collateral.
Q3: Will taking a personal loan affect my credit score?
Starting the application won’t impact your credit score. However, once you take the loan, timely EMI payments can improve your score, while missed payments can lower it.
Q4: How much loan can I get?
You can borrow between ₹50,000 and ₹5 lakh, depending on your eligibility.
Q5: What is the interest rate on personal loans on Tickertape?
The interest rate is determined by the lender based on factors such as your credit profile and financial history. Tickertape provides attractive interest rates, starting at just 15%.
Q6: What is the loan tenure?
Loan tenure ranges from 1 to 4 years. The minimum tenure is 12 months, but you can prepay after the first EMI without extra charges.
Q.7 What are the various charges and fees included in a personal loan?
Here is the list of charges and fees –
| Type of Fee | Applicable Charges |
| Processing Fee | 2% of loan amount |
| Late Payment of EMI (after bounced EMI) | Penal Interest @ 2% per month |
| Bounce Charges (for failed EMI) | ₹750 per bounce |
| Foreclosure Charges | NIL |
Q8: What are the benefits of loan insurance?
Loan insurance covers your EMIs in case of unforeseen events like hospitalisation, disability, or accidental death. It can cover up to 3 EMIs for hospitalisation and the full loan amount for accidental death or disability.
Q9: Why don’t I have a loan offer on Tickertape?
Loan offers are rolled out gradually based on eligibility checks conducted by the lender. You’ll be notified when one is available.
Q10: Who provides the loan?
Loans are provided through Tickertape’s partnership with Aditya Birla Finance Ltd.
Q11: How many loans can I take at a time?
You can take only one personal loan at a time.
As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.
