Up to ₹75.00 Lakh
9.98% - 24.00%
1 - 5 Years
₹1% – 3%
Interest Rates for ₹6 Lakh Personal Loan
Personal loan interest rates for ₹6 lakh generally start from 9.98% p.a. Some public sector banks may offer lower rates. The final rate depends on factors like your monthly income, credit score, EMI-to-income ratio, and job profile.
Fees & Charges for ₹6 Lakh Personal Loan
| Particulars | Charges |
|---|---|
|
Processing Fee |
1% – 3% of loan amount (plus GST) |
|
Prepayment / Part-payment Fee |
2% – 5% of prepaid amount (may vary by lender) |
|
Foreclosure Charges |
3% – 6% of outstanding loan amount |
|
Penal Interest on Overdue EMI |
2% – 4% per month on overdue amount |
|
EMI Bounce Charges |
₹500 – ₹1,500 per bounce (varies by bank/NBFC) |
|
Loan Cancellation Charges |
₹1,000 – ₹3,000 (plus applicable taxes) |
|
Duplicate Statement Charges |
₹200 – ₹500 per statement
|
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 of Rs 6 Lakh Personal Loan
| Loan Tenure | Loan Amount (Rs) | Interest rate (p.a.) | EMI (Rs) |
|---|---|---|---|
|
1 Year |
600000 |
9.99% |
52,747 |
|
2 Years |
600000 |
9.99% |
27,684 |
|
3 Years |
600000 |
9.99% |
19,357 |
|
4 Years |
600000 |
9.99% |
15.215 |
|
5 Years |
600000 |
9.99% |
12,745 |
₹6 Lakh Personal Loan Eligibility
Lenders check several factors like age, income, credit score, employment type, and nationality before approving a personal loan. Below are the common eligibility criteria:
- Age: 18 years (minimum) to 60 years (maximum at loan maturity)
- Minimum Monthly Income: ₹25,000
- Employment: Salaried or self-employed
- EMI/NMI Ratio: 50–55% (including existing and new EMIs)
- Credit Score: 750 or above (preferred)
Documents Required for ₹6 Lakh Personal Loan
Applicants need to submit the following documents:
- ID Proof: Aadhaar, PAN, Passport, Driving License, or Voter ID
- Address Proof: Aadhaar, PAN, Utility Bill, Voter ID, or Driving License
- Income Proof (Salaried): Last 3 months’ salary slips + 6 months’ bank statements
- Income Proof (Self-Employed): Income Tax Returns (ITR)
Apply for Best 6 Lakh Personal Loan with MybankingTips
Apply NowFeatures & Benefits of ₹6 Lakh Personal Loan
- Loan Amount: Fixed amount of ₹6 lakh to meet personal needs like wedding, travel, medical, or education.
- Flexible Tenure: Choose repayment period between 1 to 5 years.
- Attractive Interest Rates: Rates starting from 9.98% p.a. (may vary by lender and profile).
- No Collateral Required: Unsecured loan, so you don’t need to pledge assets.
- Quick Approval & Disbursal: Instant or same-day disbursal with online applications.
- Minimal Documentation: Basic KYC and income proof required.
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