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Pre-loan Eligibility checker
Last updated on: July 22, 2025
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Read BioNeed a ₹20 Lakh personal loan? Get it at 10.49% p.a. with 1-day Disbursement* Quick and easy process to meet your financial needs.
Achieving your financial aspirations is now within reach with hassle-free Personal Loan of ₹20 Lakhs. Whether you’re looking to consolidate your debts, fund your dream vacation, or renovate your home, there are multiple personal loan solutions available that are designed to meet your specific needs. Enjoy competitive interest rates, flexible repayment options, and a seamless application process.
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
Loan Amount: ₹20 Lakh
Interest Rate (ROI): 10.5% per annum
| Tenure | Monthly EMI (₹) |
|---|---|
| 1 Year | ₹1,76,297 |
| 2 Years | ₹92,752 |
| 3 Years | ₹65,005 |
| 4 Years | ₹51,207 |
| 5 Years | ₹42,988 |
| 6 Years | ₹37,558 |
| 7 Years | ₹33,721 |
| Eligibility Criteria | Details |
|---|---|
| Age | Typically 21 to 60 years |
| Income | Minimum monthly income as per lender’s requirement |
| Employment Status | Salaried, self-employed, or business owner |
| Credit Score | Generally 750 or above |
| Residence | Must be a resident of the country |
| Job Stability | Minimum of 1–2 years with current employer |
| Existing Debt | Lenders may evaluate your existing debt obligations |
| Loan Tenure | Usually 1 to 5 years |
| Documentation | Proof of identity, address, income, and bank statements required |
To avail a personal loan for ₹20 lakhs, the following documents are generally required:
| Document Type | Details |
|---|---|
| Identity Proof | Aadhar Card, Passport, Voter ID, or Driver’s License |
| Address Proof | Utility Bill, Rental Agreement, Passport, or Aadhar Card |
| Income Proof | Salary Slip (last 3–6 months), Income Tax Returns, or Bank Statements |
| Employment Proof | Employment Certificate, Offer Letter, or Appointment Letter |
| Bank Statements | Last 6 months’ bank statements |
| Photographs | Passport-sized photos (usually 2–3) |
| Proof of Existing Loans | If applicable, details of existing loans or credit card statements |
| Application Form | Completed loan application form provided by the lender |
Take control of your finances and achieve your dreams with our Personal Loan of ₹20 Lakhs. Apply online today and get closer to your financial aspirations.
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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