Personal Loan of Rs. 10 Lakhs
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Empower your financial future with Personal Loans of up to 10 Lakhs. Learn how to qualify, choose the right lender, and manage your repayment efficiently.
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Personal Loan of Rs. 10 Lakhs
Are you in need of financial support to fulfill your dreams, cover unexpected expenses, or consolidate your debts? Look no further! At Fincover, we have collated the best personal loan deals from multiple banks and NBFCs. Both salaried and self-employed can avail personal loans. Applicants can avail loans from 1 Lakh – 50 Lakhs. Apply now for a Personal loan of 10 Lakhs easily following the hassle-free application process and get instant approval.
Checklist to know before applying for a Personal Loan of 10 Lakhs
Assess Your Financial Situations
Take a close look at your current financial status. Understand your income, expenses, and existing debts. Ensure that you have a clear understanding about your ability to repay the loan
Determine the Loan Amount Needed
Instead of randomly accepting the amount offered by the bank or NBFC, be sure about the amount you need right at the beginning. This will allow you to stop overburdening yourself with debt
Check Credit Score
One of the important things that lenders consider before sanctioning the loan is the applicant’s credit score. Most lenders require applicants to have a good credit score of above 700. As a borrower, it is your responsibility to maintain a good credit score. Access your credit score periodically and take measures to improve your credit score
Research Lenders
Explore various lenders, including banks, NBFCS, Credit Unions and other institutions. Compare their interest rates, fees, and customer reviews to find a reputable and cost-effective option. At Fincover, you will have the chance to compare important parameters such as interest rate, fees and charges from multiple lenders
Understand the Repayment Structure
Familiarize yourself with the loan’s repayment schedule, including the EMI (Equated Monthly Installment) amount and due dates. Ensure that you can comfortably meet these obligations.
Bank Interest rates for 10 Lakh Personal Loan
Institution | Interest rates | Loan amount |
HDFC | From 10.5% | Upto 40 Lakhs |
Axis Bank | From 10.49%` | Upto 40 Lakhs |
ICICI bank | 10.75%-19% | Upto 40 Lakhs |
Bank of Baroda | 10.75% – 18.5% | Upto 5 Lakhs |
SBI | From 11% | Upto 30 Lakhs |
IndusInd | From 10.49% | Upto 50 Lakhs |
Yes Bank | From 10.99% | Upto 40 Lakhs |
Standard Chartered | From 11.5% | Upto 50 lakhs |
IDFC | From 10.49% | Upto 50 Lakhs |
Kotak Mahindra | From 10.99% | Upto 40 Lakhs |
PNB | From 11.40% | Upto 20 Lakhs |
Bandhan bank | From 11.55% | Upto 25 Lakhs |
NBFCs Interest rates for 10 Lakh Personal Loan
Institution | Interest rates | Loan amount |
Tata Capital | From 10.99% | Upto 35 Lakhs |
InCred | From 18% | Upto 3 Lakhs |
Finnable | From 16% | Upto 10 Lakhs |
PaySense | From 16.8% | Upto 5 Lakhs |
Poonawalla | From 9.99% | Upto 30 Lakhs |
Fullerton | From 11.99% | Upto 25 Lakhs |
LendingKart | From 12% | Upto 3 Lakhs |
Axis Finance | From 13% | Upto 25 Lakhs |
L&T Finance | From 12% | Upto 7 Lakhs |
Mahindra Finance | From 10.99% | Upto 10 Lakhs |
Aditya Birla | From 11.99% | Upto 50 Lakhs |
Bajaj Finance | From 11% | Upto 50 Lakhs |
Rs.10 Lakh Personal Loan EMI for up to 5 Years
Loan Amount: Rs.10 Lakh
ROI: 10.5%
Tenure | EMI amount at Interest rate of 10.5% |
1 year | Rs. 88148 |
2 years | Rs. 46376 |
3 years | Rs. 32502 |
4 years | Rs. 25603 |
5 years | Rs. 21493 |
6 years | Rs. 18778 |
7 years | Rs. 16860 |
Why Choose Fincover for applying for Personal loan of 10 Lakhs?
Quick and Easy Application: Our online application process is simple and efficient, allowing you to apply for a personal loan in just a few clicks.
Compare and Apply: At Fincover, you can compare various components of a loan such as interest rates, processing charges, fees, and other charges from multiple lenders,
Minimal Documentation: We understand your time is precious, which is why we require minimal documentation for loan approval. Everything is online, no tedious paperwork anymore.
No Hidden Charges: Our algorithm ranks and lists the best personal loan based on the customer’s requirement; there are no hidden charges anywhere.
Transparency: From the time of application to the time your loan is disbursed, each and every step is transparent
Eligibility Criteria for Personal Loan of 10 Lakhs
To apply for a Personal Loan, you need to meet the following criteria:
- Age: 21 to 65 years
- Minimum Monthly Income: Rs. 20000 atleast
- Employment Type: Salaried or Self-employed
- Indian Resident with a valid ID and Address Proof
Documents Required for Personal Loan of 10 Lakhs
- Identity Proof (Aadhaar, Passport, Voter ID)
- Address Proof (Utility Bill, Passport, Aadhaar)
- Income Proof (Salary Slips, ITR for self-employed)
- Bank Statements (Last 3 to 6 months)
- Passport-sized Photographs
Why Wait? Apply Today!
Don’t let financial constraints hold you back from achieving your goals. Apply for a personal loan of 10 lakhs and take the first step toward a brighter financial future.
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