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Rs.10 Lakhs Personal Loan @10.49% p.a

Need ₹10 Lakh personal loan urgently? with instant approval, flexible EMIs, and low-interest rates starting at 10.49% with up to 7 Years of Tenure!

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Rs.10 Lakh Personal Loan

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.

Rs.10 Lakh Personal Loan EMI for 1 - 7 Years

Loan Amount: Rs.10 Lakh

ROI: 10.5%

TenureInterest RateEMI (Per Month)
10 lakh personal loan EMI for 1 year10.50%₹88,238
10 lakh personal loan EMI for 2 years10.50%₹46,506
10 lakh personal loan EMI for 3 years10.50%₹32,493
10 lakh personal loan EMI for 4 years10.50%₹25,620
10 lakh personal loan EMI for 5 years10.50%₹21,490
10 lakh personal loan EMI for 6 years10.50%₹18,715
10 lakh personal loan EMI for 7 years10.50%₹16,793

Bank Interest rates for 10 Lakh Personal Loan

Banks
Institution Interest Rates
HDFC interest rates 2025 10.85% – 24.00%
Axis Bank interest rates 2025 11% – 24.00%
Bandhan Bank interest rates 2025 11.90% Onwards
ICICI Bank interest rates 2025 10.85% – 16.25%
DBS Bank interest rates 2025 10.99% – 24.00%
Bank of Baroda interest rates 2025 11.05% – 18.75%
SBI interest rates 2025 11.45% – 14.85%
IndusInd Bank interest rates 2025 10.49% – 24.00%
Yes Bank interest rates 2025 11.25% – 21.00%
Standard Chartered interest rates 2025 11.50% – 24.00%
IDFC First interest rates 2025 10.99% – 23.99%
Kotak Mahindra interest rates 2025 10.99% – 24.00%
PNB interest rates 2025 11.40% – 17.95%
Indian Bank interest rates 2025 10.90% – 24.00%

NBFCs Interest rates for 10 Lakh Personal Loan

NBFCs
NBFC Name Interest Rate
InCred Interest Rate 2025 16% – 42%
Finnable Interest Rate 2025 16% – 28%
L&T Finance Interest Rate 2025 11% – 24%
Aditya Birla Interest Rate 2025 10% – 32%
Shriram Finance Interest Rate 2025 11% – 42%
Bajaj Finserv Interest Rate 2025 10.75% – 31%
Piramal Interest Rate 2025 12.99% onwards
Tata Capital Interest Rate 2025 11.99% – 35%
Poonawalla Interest Rate 2025 11.49% – 19%
SMFG Interest Rate 2025 13% – 36%
Axis Finance Interest Rate 2025 13% onwards
Mahindra Finance Interest Rate 2025 12% – 36%
Paysense Interest Rate 2025 16.8% – 33%

10 Lakh Personal Loan for Various Purposes

₹ 10 Lakh Personal Loan for Salaried Employees: This loan can be used for various personal needs such as emergency expenses, vacation, or large purchases. It provides financial flexibility and can be repaid through easy EMIs.

₹ 10 Lakh Personal Loan for Self-Employed: Self-employed individuals can use this loan for business expansion, working capital, or personal needs. It helps manage cash flow and support business growth without affecting personal finances.

₹ 10 Lakh Personal Loan for Home Renovation: This loan is ideal for upgrading or renovating your home, such as adding new features or modernizing existing ones. It offers a way to enhance living conditions without using savings.

₹ 10 Lakh Personal Loan for Medical Expenses: A loan of ₹10 lakh can cover significant medical costs, including surgeries, treatments, or hospital bills. It provides financial relief during unexpected health emergencies.

₹ 10 Lakh Personal Loan for Debt Consolidation: This loan helps consolidate multiple debts into a single payment, simplifying finances and often lowering the overall interest rate. It’s a useful tool for managing and reducing debt.

₹ 10 Lakh Personal Loan for Travel: Use this loan to fund extensive vacation or travel plans. It covers flights, accommodation, and other travel-related costs, making dream trips more accessible.

₹ 10 Lakh Personal Loan for Marriage: This loan can cover the costs associated with a wedding, including venue, decorations, catering, and other expenses. It helps in planning a memorable celebration without financial strain.

₹ 10 Lakh Personal Loan for Business: Ideal for starting or expanding a business, this loan provides the necessary capital for investments, inventory, or other business-related expenses, supporting growth and operational needs.

Eligibility Criteria for Personal Loan of 10 Lakh

To apply for a Personal Loan, you need to meet the following criteria

CriteriaDetails
Minimum Age21 years
Maximum Age60 years (varies by lender)
Minimum Salary₹35,000 per month*
Employment TypeSalaried Employees
Work ExperienceMinimum 1 year (salaried)
Credit Score700+*
CitizenshipIndian Resident
Loan TenureUp to 7 years

This is a general guideline; individual lenders may have slightly different criteria.

Documents Required for Personal Loan of 10 Lakhs

Document Type Details
Identity Proof Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
Address Proof Utility Bills (Electricity, Water, Gas), Aadhaar Card, Passport, Rent Agreement
Income Proof Latest Salary Slips (last 3 months)
Bank Statements Bank Statements (last 3-6 months)
Employment Proof Offer Letter, Employment Certificate
Photographs Recent Passport-sized photographs
Loan Application Form Duly filled and signed form from the lender

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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