Up to ₹75.00 Lakh
9.98% - 19.50%
1 - 5 Years
₹Up to 4%
Interest Rates on Rs 50,000 Loan
Personal loan interest rates for Rs 1,00,000 usually start from 9.99% p.a. with repayment tenures of up to 5 years. Some banks and NBFCs may offer lower rates or flexible terms based on the applicant’s profile. The final rate depends on factors like your credit score, monthly income, job stability, and employer category.
Fees and Charges You Should Know Before Applying
Before applying for a personal loan of ₹1,00,000, make sure you are aware of the following charges:
| Fee/Charge | Details |
|---|---|
|
Processing Fee |
Up to 4% of the loan amount |
|
Prepayment/Foreclosure |
Up to 5% of the outstanding loan amount |
|
Late EMI Payment Charges |
1% – 2% per month on the overdue EMI amount |
|
Stamp Duty Charges |
As per actuals |
Personal Loan EMI Calculator
Total Repayment = Principal + Interest
Monthly EMI
Rs. 0
Total Interest
Rs. 0
Total Repayment
Rs. 0
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Apply NowEMI & Interest Breakdown for ₹1 Lakh Personal Loan (Up to 5 Years)
To help you plan better, here’s an estimate of EMIs for a ₹1 lakh loan at 12% p.a. for different tenures:
| Tenure | EMI | Total Interest | Total Payable |
|---|---|---|---|
| 1 Year | ₹8,885 | ₹6,619 | ₹1,06,619 |
| 2 Years | ₹4,707 | ₹12,976 | ₹1,12,976 |
| 3 Years | ₹3,321 | ₹19,572 | ₹1,19,572 |
| 4 Years | ₹2,633 | ₹26,402 | ₹1,26,402 |
| 5 Years | ₹2,224 | ₹33,467 | ₹1,33,467 |
Tip: A shorter tenure means higher EMIs but lower overall interest, while a longer tenure reduces EMI but increases total interest cost.
Eligibility Criteria for Personal Loan
Check if you meet the basic requirements before applying:
- Age: 21 – 60 years
- Credit Score: 750+ preferred
- Income:
- Salaried: Minimum ₹15,000/month
- Self-Employed: Minimum ₹3 lakh/year
- Work Stability: At least 1 year in current job/business
Documents Required
Keep these handy for a smooth loan application:
- Identity Proof: Aadhaar, PAN, Passport, or Voter ID
- Address Proof: Aadhaar, Passport, or Utility Bill
- Income Proof (Salaried): Last 3 months’ salary slips
- Income Proof (Self-Employed): ITR of last 1–2 years
- Bank Statements: Last 6 months
- Photographs: Passport-size photos
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Apply NowWhen to Choose a Loan of ₹1 Lakh
A ₹1 lakh personal loan is ideal for managing short-term or mid-sized expenses, such as:
- Medical bills or emergencies – quick funds for urgent healthcare needs
- Car or bike repairs – covering unexpected maintenance costs
- Gadget purchases/replacements – for mobiles, laptops, or appliances
- Bridging cash gaps – until your next salary or business income arrives
- Skill upgrades/certifications – financing short-term courses or training
- Wedding expenses – for outfits, décor, or small functions
- Home renovations – painting, plumbing, or furniture upgrades
- Travel plans – for a budget-friendly domestic or international trip
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