2 Lakh Personal Loan

Check Eligibility

Max. Loan Amt.

Up to ₹75.00 Lakh

Rate of Interest

9.98% - 24.00%

Tenure up to

1 - 5 Years

Processing Fee

₹Up to 4%

Quick DisbursalFixed Interest Rates

Check Eligibility

Interest Rate on ₹2 Lakh Personal Loan

The interest rate for a ₹2 lakh personal loan typically ranges from 9.98% to 24% p.a., depending on your eligibility. Your credit score, income, job profile, and chosen loan tenure play a key role in determining the exact rate offered by lenders.

Fees and Charges You Should Know Before Applying

When taking a ₹2 lakh personal loan, apart from interest, you may incur the following fees:

Note: Charges may vary across lenders. Always confirm before applying.

Personal Loan EMI Calculator

EMI & Interest Breakdown for ₹2 Lakh Personal Loan (Up to 5 Years)

Estimated EMIs for a ₹2 lakh loan at 11% p.a. interest:

Tip: Shorter tenure = higher EMIs but lower total interest; longer tenure = lower EMIs but higher interest cost.

Eligibility Criteria for ₹2 Lakh 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 or business

Keep these ready for a hassle-free application:

• Identity Proof: Aadhaar, PAN, Passport, or Voter ID
• Address Proof: Aadhaar, Utility Bill, or Passport
• Income Proof:
  • Salaried: Last 3 months’ salary slips
  • Self-Employed: ITR of last 1–2 years
• Bank Statements: Last 6 months
• Photographs: Passport-size photos

Tips to Get a Lower Interest Rate on Your Personal Loan

1. Maintain a Good Credit Score
   Your credit score is one of the most important factors for lenders. A higher score increases your chances of getting a lower interest rate.
    
2. Choose a Shorter Tenure
   While longer tenures reduce monthly EMIs, they increase the total interest paid. Opting for a shorter tenure can significantly lower the overall interest, provided your monthly budget allows it.
    
3. Compare and Apply
   Always compare interest rates across multiple lenders before applying to find the best deal.
    
4. Maintain a Good Repayment History
   Lenders prefer borrowers with a clean repayment record. Paying credit card bills on time and clearing existing loans can help secure a lower interest rate