Personal Loan of Rs.2 Lakh
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Are you in need of immediate financial assistance? Get the financial boost you need by availing a Personal Loan of Rs. 2 Lakh with minimal documentation. Apply now!
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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.
Factors influencing the eligibility of 2 Lakh Personal Loan
Many factors come together to influence your chances of getting a personal loan of 2 Lakhs. The lenders take into account your current income, credit score, repayment history, organization category, job profile, and other things when assessing your Rs 2 lakh Personal Loan application. The better you score in these areas, the higher the chances that your loan request gets approved. The bank may also consider sanctioning loan to you based on its discretion such as existing relationship with the bank. Banks may provide pre-approved loan offers for eligible customers who can avail the loan without breaking a sweat.
Bank Interest rates for 2 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 2 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.2 Lakh Personal Loan EMI for up to 5 Years
Loan Amount: Rs.2 Lakh
ROI: 10.5%
| Tenure | EMI amount at Interest rate of 10.5% |
| 1 year | Rs. 17629 |
| 2 years | Rs. 9275 |
| 3 years | Rs. 6500 |
| 4 years | Rs. 5120 |
| 5 years | Rs. 4298 |
| 6 years | Rs. 3755 |
| 7 years | Rs. 3372 |
Applying for a Personal Loan of 2 Lakh
- A personal loan can be of immense help during sudden financial situations. While there are a number of lenders in the market today, finding the perfect loan that matches your requirements requires some effort and we at Fincover.com have a cutting edge platform that can help get the loan without any hassles.
- You can apply for a personal loan of 2 lakh at Fincover, where you can get to compare loan quotes from multiple banks
- The loan application process is simple and hassle-free. All you need to do is provide a few personal and professional details. Our algorithms will throw the results after matching the quotes that fits your budget
- Even if banks reject your application for any reason, we can still negotiate with NBFCs to get the perfect loan that you’ve always wanted. We will try our best to get the loan amount you require at a reasonable rate of interest. However, the final decision lies in the hands of the lender
- Personal loan can be obtained without any collateral as it is a unsecured loan that is given based on your credit strength and repaying ability.
Eligibility Criteria for Personal Loan of 2 Lakh
The Borrower should be an Indian resident.
- Age limit must be in the bracket of 21-65 years
- Salaried/Self-Employed
- Banks expect a credit score of 750 and above to sanction personal loan of Rs 2 lakhs
Documents Required for Personal Loan of 2 Lakh
- 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
Fulfil your financial obligations now
Our hassle-free personal loan ensures fast approval and flexible terms. Apply now for financial freedom!