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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

InstitutionInterest ratesLoan amount
HDFCFrom 10.5%Upto 40 Lakhs
Axis BankFrom 10.49%`Upto 40 Lakhs
ICICI bank10.75%-19%Upto 40 Lakhs
Bank of Baroda10.75% – 18.5%Upto 5 Lakhs
SBIFrom 11%Upto 30 Lakhs
IndusIndFrom 10.49%Upto 50 Lakhs
Yes BankFrom 10.99%Upto 40 Lakhs
Standard CharteredFrom 11.5%Upto 50 lakhs
IDFCFrom 10.49%Upto 50 Lakhs
Kotak MahindraFrom 10.99%Upto 40 Lakhs
PNBFrom 11.40%Upto 20 Lakhs
Bandhan bankFrom 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%

TenureEMI amount at Interest rate of 10.5%
1 yearRs. 88148
2 yearsRs. 46376
3 yearsRs. 32502
4 yearsRs. 25603
5 yearsRs. 21493
6 yearsRs. 18778
7 yearsRs. 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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