Personal loan app: apply on your phone with Innopay

Install it from your phone’s store, then open Personal Loan in the app.

Make sure the publisher shown on the store page is Innopay Technologies Private Limited before you install.

1. Choose the amount you need and see the offers whose listed terms fit it.
2. Complete the lender’s steps, including identity verification (KYC).
3. Read the Key Fact Statement — amount, rate, every fee, the APR and the EMI schedule — before you accept.
4. Follow your application and, once you have a loan, see your repayment schedule in the app.

Not sure loans are offered where you live? Check your pincode first — it needs no personal details.

• The lender is named. Your offer and Key Fact Statement name the RBI-regulated lender; you can look that name up on the Reserve Bank of India’s website.
• No payment to get approved. Be wary of any app, caller or agent asking for money to approve or “release” a loan; a genuine loan’s charges are in the lender’s KFS.
• No access to your contacts or photos. RBI’s digital lending rules bar lending apps from reading your contact list, call logs, photos and files; only a one-time access to the camera, microphone or location may be taken for onboarding or KYC, with your explicit consent.
• A Key Fact Statement before you accept, with the APR and every charge.
• A grievance officer you can reach — ours is on the grievance redressal page.

More on checking a lender: lending partners and how to check a loan app.

Work out how much you need and an EMI you can carry: worked examples for small loans, ₹1 lakh and ₹5 lakh, or try the EMI calculator.