Personal Loan up to ₹5,00,000

Get access to ₹50,000 up to ₹5,00,000 directly in your bank account! No collateral. No branch visits. No paperwork pileups. Open the Roarbank app to see if an offer is waiting for you

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Why choose Personal loan

Fully digital, from start to finish

Apply directly in the app in just a few steps. No branch visits, no physical paperwork, and no income documents needed

No collateral required

No assets, guarantees, or awkward “co-applicant” conversations

Flexible repayments

Pick from available loan amounts and tenures to find a plan that fits your budget. You can also repay early anytime through the app

Key highlights

Loan amount: ₹50,000 to ₹5,00,000
Tenure: 6 to 36 months
Interest rate: 19% to 26% per annum

How to get Personal loan

Open the Roarbank app and access Personal Loan via a push notification or from the Personal Loan section in the tab bar
Choose your loan amount and repayment tenure
Review and confirm your loan details, including the loan amount, tenure, fees, and repayment schedule
Add or confirm your bank account details for disbursal and auto repayments
eSign the loan agreement digitally using Aadhaar OTP
Receive the money directly in your bank account

Charges to know

Processing fee: 2% of the loan amount
Stamp duty: ₹700 + 0.1% of the loan amount
GST (18%) applies to the processing fee

The processing fee and stamp duty are deducted upfront from the disbursed amount

How repayment works

Automatic monthly EMIs

Your EMI is auto debited from your linked bank account on the 5th of every month

Interest that reduces as you repay

Interest is charged on the remaining balance, so the interest amount goes down over time as you continue repaying

Repay early, anytime

You can make partial or full repayments directly through the app whenever you want

Early repayment charges

4% of the remaining balance + GST

Missed EMI fee

₹500 per missed EMI + GST

FAQ 🧐

How much can I borrow?

You can get a loan between ₹50,000 and ₹5,00,000, based on your eligibility

Do I need collateral or income documents?

No. Personal loans on Roarbank are unsecured and approved based on your Roarbank credit history

How long does the process take?

The process is completely digital and usually takes just a few minutes once you complete the application and digital signing

How is interest calculated?

Interest is charged on the remaining balance of your loan, which means the interest amount reduces as you repay

Can I repay my loan early?

Yes. You can make partial or full repayments anytime through the app. Early repayment charges of 4% + GST on the remaining balance, as well as accrued interest for the current billing period up to the repayment date, apply

What happens if I miss an EMI?

A missed payment fee of ₹500 + GST is charged if your EMI is not paid on time

When are EMIs deducted?

Your EMI is automatically debited on the 5th of every month from your linked bank account