Rs.20 Lakh Personal loan at 10.49% p.a
Need 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.
Personal Loan of Rs.20 Lakhs
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.
Key Features of Personal Loan of Rs. 20 Lakhs
- Loan Amount: Borrow up to 20 Lakhs depending on your eligibility and financial profile.
- Competitive Interest Rates: Enjoy attractive interest rates that are affordable and convenient for repayment.
- Flexible Repayment Terms: Repay your loan comfortably with flexible tenure options ranging from 1 to 7 years.
- Quick Approval: Experience fast loan processing and approval to fulfill your immediate financial requirements.
- Minimal Documentation: Benefit from a simplified documentation process, making the loan application hassle-free.
- No Collateral Required: Avail a Personal Loan without any collateral or security, making it accessible to a wide range of individuals.
- Quick Disbursement: Once approved, the loan amount will be disbursed to your account swiftly, ensuring you have the funds when you need them
Bank Interest rates for 20 Lakh Personal Loan
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | 1-2% of loan amount | 24-48 hours | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Up to 2.5% | 24-48 hours | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | 1.5% to 2% | 24-72 hours | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Up to 2.5% | 24-48 hours | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | 1%-2% | 48-72 hours | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Up to 1.5% | 2-3 working days | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Up to 2.5% | 24-48 hours | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Up to 2.5% | 24-48 hours | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Up to 2.25% | 48-72 hours | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Up to 3% | 24-48 hours | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | 1% to 2.5% | 1-2 days | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Up to 1% | 2-3 days | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Up to 2% | 48-72 hours | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%-3% | 24-72 hours | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% | 2-3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% | 24-48 hours | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | 2% to 4% | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% | 24-48 hours | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Up to 2.5% | 24-48 hours | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | 1% to 2% | 24-72 hours | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Up to 3% | 1-2 working days | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | 2% to 3% | 24-48 hours | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% | 1-2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% | 2-3 days | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% | 48-72 hours | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% | 24-72 hours | Apply |
₹20 Lakh Personal Loan EMI for up to 7 Years
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 |
Why Choose Fincover for applying for Personal loan of 20 Lakhs?
- Wide Network of Lenders: Our site has tied up with India’s leading lenders offering personal loans up to 20 lakhs. You can compare multiple loan options conveniently without visiting multiple banks or websites.
- Competitive Interest Rates: By comparing interest rates of various financial institutions, you increase your chances of securing the best deal on a 20 lakh personal loan.
- Easy Online Application: Applying for a personal loan of 20 lakhs has never been simpler. Our user-friendly website allows you to complete the entire application process online, saving you time and effort.
- Quick Approval and Disbursal: We understand that time is of the essence when you’re in need of funds. Our streamlined processes ensure fast approval and disbursal of your loan, helping you meet your financial requirements promptly.
- Convenient Eligibility Criteria: Our site provides personal loan options with flexible eligibility requirements. Even if you have a moderate credit score or limited credit history, you may still be eligible for a 20 lakh personal loan through our platform.
Eligibility Criteria for Personal Loan of 20 Lakhs
| 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 |
Documents Required for Personal Loan of 20 Lakhs
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 |
Apply for a personal loan of 20 lakhs with zero hassles
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.
