Home Banking Products Loan personal loan Rs.2 lakh Personal Loan

Personal Loan of Rs.2 Lakh
Apply now!

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!


Get Instant


Direct Cash



Interest Rates



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

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 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%

TenureEMI amount at Interest rate of 10.5%
1 yearRs. 17629
2 yearsRs. 9275
3 yearsRs. 6500
4 yearsRs. 5120
5 yearsRs. 4298
6 yearsRs. 3755
7 yearsRs. 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!

Personal Loans by Bank