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Personal Loan of Rs. 20 Lakh
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Personal Loan for Rs. 20 Lakhs is designed to provide you with a convenient and flexible financing option to meet your diverse financial needs.


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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

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 20 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.20 Lakh Personal Loan EMI for up to 5 Years

Loan Amount: Rs.20 Lakh

ROI: 10.5%

TenureEMI amount at Interest rate of 10.5%
1 yearRs. 1,76,297
2 yearsRs. 92,752
3 yearsRs. 65,005
4 yearsRs. 51,207
5 yearsRs. 42,988
6 yearsRs. 37,558
7 yearsRs. 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

To apply for a Personal Loan, you need to meet the following criteria:

  • To be eligible for Personal Loan for 20 Lakhs, you must meet the following criteria:
  • You should be an Indian resident.
  • You should be between the ages of 21 and 60 years.
  • You should have a regular source of income (salaried or self-employed).
  • Your minimum net monthly income should meet the lender’s requirements.
  • You should have a good credit score, demonstrating a reliable credit history. A credit score of 750+ is expected

Please note that meeting the eligibility criteria does not guarantee loan approval. The final decision will be based on the lender’s discretion after reviewing your application and creditworthiness.

Documents Required for Personal Loan of 20 Lakhs

To avail Personal Loan for 20 Lakhs, the following documents are generally required:

  • Proof of Identity (Aadhar Card, Passport, Driving License, or PAN Card)
  • Proof of Address (Utility Bills, Rental Agreement, or Aadhar Card)
  • Income Proof (Salary Slips, Bank Statements, or Form 16)
  • Employment Proof (Offer Letter, Employment Certificate, or Business proof)
  • Passport-sized photographs
  • Any additional documents as requested by the lending institution.

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.

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