Personal Loan Guide
Personal Loan Guide: How Digital Lending Works in India
By NeoMoney Editorial · Compliance & Education · 1 June 2026
A practical guide to applying for personal loans online, understanding KFS disclosures, and borrowing responsibly through regulated NBFC platforms.
What is a digital personal loan?
Digital personal loans are short-term credit products offered through mobile apps and websites by RBI-regulated lenders. Borrowers complete KYC, receive a Key Facts Statement (KFS), and accept terms before disbursement to their own bank account.
NeoMoney offers loans from ₹500 to ₹50,000 for eligible students and salaried applicants, with tenure from 61 to 180 days as disclosed in the KFS.
Documents and eligibility
Applicants typically need PAN, Aadhaar, and profile-specific documents such as a student ID or salary slip. Approval depends on verification, credit assessment, and lender policy.
Frequently asked questions
- Is NeoMoney an RBI-registered lender?
- NeoMoney is operated by Dhruva Capital Services Ltd, an RBI Registered NBFC (Registration No. 10.00098).
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NeoMoney is owned and operated by Dhruva Capital Services Ltd, an RBI Registered Non-Banking Financial Company (NBFC) under Registration No. 10.00098.
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