6 Lakh Personal Loan

A personal loan of ₹6 lakh can be used for various needs such as weddings, travel, medical expenses, education, or home renovation. With online applications, you can now get a ₹6 lakh personal loan quickly, with minimal paperwork and instant disbursal.

Max. Loan Amt.

Up to ₹75.00 Lakh

Rate of Interest

9.98% - 24.00%

Tenure up to

1 - 5 Years

Processing Fee

₹1% – 3%

Quick Disbursal100% Digital process

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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EMI 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)

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Features & 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.

Apply for Personal Loan Across Various Loan Amounts

Frequently Asked Questions

Everything you need to know about this personal loan

Interest rates usually start from 9.98% p.a. and vary by lender, credit score, and income.

It depends on the interest rate and tenure. For example, at 10% p.a. for 5 years, the EMI is about ₹12,750.

Most lenders offer tenures from 1 year to 5 years.

Generally, ₹25,000 per month or more, but it can vary across lenders.

Yes, both salaried and self-employed individuals are eligible if they meet the criteria.

A score of 750 or above is preferred for easy approval and better rates.

With digital applications, many lenders disburse loans instantly or within 24–48 hours.

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