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Rs.2 Lakh Personal Loan @10.49%* Pre-Approved*

Need ₹2 Lakh personal loan Urgently? Apply at 10.49%* p.a. interest rates. Minimum salary requirement of ₹25K.

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Home Banking Loan personal loan Rs.2 lakh Personal Loan

Personal Loan of Rs.2 Lakh

Are you in need of immediate financial assistance? Personal Loans are designed to provide you with the funds you require to meet your various personal needs, whether it’s for a medical emergency, home renovation, education expenses, or any other purpose. The interest rates for personal loan of 2 Lakhs start from 10.49% and the tenure goes upto 5 years. Certain banks and NBFCs may offer better deal on tenure and rate of interest. However, the ability to procure a loan at the best interest rates is reliant on your credit score. Most lenders expect a credit score of 750+ in order to approve loan. Other than his repaying ability, his organization category, job profile is also taken into consideration by the lenders.

Features and Benefits of Rs. 2 Lakh Personal Loan

  • Flexible Repayment Plans: Get loans that fit your lifestyle. Get flexible repayment plans from lenders to make sure you’re in control of your budget
  • Competitive Interest Rates: We believe in fair deals. Enjoy some of the best interest rates in the market. Get to compare rates from multiple lenders and ensure you get the loan at the most favourable term
  • No Hidden Charges: Transparency is our policy. We do not lend money out of our packet; we act as a distributor in tie-up with the bank/NBFCs and ensure you get the loan required. We negotiate with lenders to get you the most favourable deal
  • Quick Disbursal: Once approved, the money will reach your account in the shortest possible time.

Bank Interest rates for Rs.2 Lakh Personal Loan

Banks
Institution Interest rates Loan amount
DBS bank From 10.99% Upto 15 Lakhs
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 Rs.2 Lakh Personal Loan

NBFCs
Institution Interest rates Loan amount
Piramal Finance From 12.99% Upto 35 Lakhs
Shriram Finance From 14% Upto 35 Lakhs
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.2 Lakh Personal Loan EMI for up to 1-7 Years

Loan Amount: Rs.2 Lakh

ROI: 10.5%

TenureEMI amount at Interest rate of 10.5%
1 yearRs.17630
2 yearsRs.9275
3 yearsRs.6500
4 yearsRs.5121
5 yearsRs.4299
6 yearsRs.3756
7 yearsRs.3372

Application Process 2 Lakh Personal Loan @ Fincover

  1. Visit the Fincover Website: Go to the official Fincover website

  2. Select ‘Personal Loan’: Navigate to the ‘Loans’ section and choose ‘Personal Loan’ from the available options.

  3. Fill Out the Application Form: Enter your personal and financial details, such as your income, employment status, and the loan amount you wish to apply for.

  4. Upload Necessary Documents: Provide the required documents like ID proof, address proof, income proof, and bank statements. Fincover typically allows you to upload these online, so no physical paperwork is needed.

  5. Review and Submit: Double-check all the details you have entered, then submit your application.

  6. Wait for Approval: Fincover will review your application. If approved, you’ll receive a confirmation.

  7. Loan Disbursement: Once approved, the loan amount will be transferred directly to your bank account, often instantly.

For any assistance, you can contact Fincover’s customer support.

Eligibility Criteria for 2 Lakh Personal Loan

Eligibility Criteria Details
Minimum Age 21 years
Maximum Age 60 years (at the time of loan maturity)
Minimum Monthly Salary ₹25,000
Employment Type Salaried*
Minimum Work Experience 1 year for salaried
Credit Score 650 or above
Resident Status Indian citizen
Required Documents ID proof, Address proof, Income proof,

Documents Required for 2 Lakh Personal Loan

Document TypeDetails
Identity ProofAadhaar Card, PAN Card, Passport, or Voter ID
Address ProofAadhaar Card, Utility Bill, Rent Agreement, or Passport
Income ProofLatest 3 months’ salary slips
Bank StatementsLast 6 months’ bank statements
Employment ProofEmployment ID card or Offer Letter
PhotographsRecent passport-sized photographs

Why Choose Us?

  • Customer-Centric Approach: Your needs come first. We’re here to make your journey smooth and stress-free. Get to compare loan quotes from multiple lenders and select the one that fits your requirement
  • Secure and Confidential: Your data is your business. We ensure your personal and financial information is treated with the utmost confidentiality and security.
  • Personalized Assistance: Need help? Our dedicated team is just a call away. Our team would be supportive to you from application to disbursing
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