These 5 banks including SBI, PNB and HDFC have made loans easy! Getting ₹ 1 lakh from mobile sitting at home, know the interest rate and method of application:

New Delhi. With the beginning of the year 2026, the banking sector has made the path of loan very easy while taking care of the common man’s pocket. If your account SBI, PNB, BOB, HDFC or Canara Bank If you are in India and you suddenly need money, then now you do not need to reach out to any moneylender or relatives. These big banks have made their digital services so high-tech that now you can get any loan through your smartphone in just 5 to 10 minutes. Personal loan up to ₹1 lakh Can get it.

From studies to business: instant funds for every need

In today’s era, money is needed immediately for higher education of children, treatment of minor illness, repair of house or starting a small business. Keeping this in mind, banks and the government have mutually promoted digital lending. The most special thing about this facility is that for this you do not need to go to the bank branch and stand in long queues.

Complete mathematics of interest rate, EMI and subsidy

The terms and conditions of this loan available from banks have been kept quite flexible:

Interest Rate: usually this 9% to 12% per annum Which is much lower than credit cards or other unsecured loans.

Loan Tenure: You can do it as per your convenience 12 months to 5 years Can be repaid between.

Subsidy Schemes: if you PM SVANidhi Or PM Vishwakarma If you take loan under government schemes, you also get huge subsidy on interest.

Eligibility: Who can take loan up to ₹1 lakh?

Banks have set some simple eligibility criteria:

Age Limit: age of applicant 21 to 60 years Should be between.

monthly income: Minimum income for salaried individuals ₹15,000 And at least 6 months work experience is required.

CIBIL Score: If your CIBIL score 700 or more If so, the chances of getting the loan approved immediately increases.

KYC: It is mandatory for you to have Aadhar card and PAN card, which is linked to the mobile number.

List of required documents (Checklist)

For digital application you will need to have scanned copies of the following documents:

Aadhar Card and PAN Card.

Bank account statement of last 6 months.

Two passport size photographs.

Salary slip or proof of business registration (if applicable).

Take advantage of government schemes also

Not only personal loan, through these banks you can avail government schemes like PM Mudra Loan (Unsecured Business Loan) and PMEGP Can also take advantage of. These schemes are especially for youth and women who want to become self-reliant.

Step-by-step process of mobile loan application

download app: Your bank’s official app (eg SBI YONO, PNB ONE, BOB World) Open.

Loan Section: Go to ‘Loans’ or ‘Apply Now’ option in the app and select ‘Personal Loan’.

Fill details: Enter your PAN number, Aadhaar number and income information.

Complete KYC: Complete the Aadhaar e-KYC process through OTP received on mobile.

get sum: The bank will check your eligibility and once approved, the loan amount will be transferred to your account. credit Will be done.