₹ 7 Lakh personal loan @10.49% p.a

EMI for 1-7 years Tenure*
Multiple Banks & NBFCs*
₹25K+ salary Required*
700+ Cibil Score Required*

Rs.7 Lakh Personal Loan

A ₹7 lakh personal loan is a practical solution for funding large expenses like education, medical emergencies, home renovations, or weddings. Offering flexible repayment options and competitive interest rates, this loan caters to varied financial needs.

Bank Interest rates for 7 Lakh Personal Loan

Comparison of Personal Loan Interest Rates of Banks (2025)

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

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% + 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

₹7 Lakhs Personal Loan EMI for 1–7 Years

Tenure (Years)	Monthly EMI (₹)	Total Interest (₹)	Total Payment (₹)
1 Year	₹61,788	₹38,462	₹7,38,462
2 Years	₹32,552	₹76,089	₹7,76,089
3 Years	₹22,692	₹1,14,726	₹8,14,726
4 Years	₹17,864	₹1,52,191	₹8,52,191
5 Years	₹15,038	₹1,77,734	₹8,77,734
6 Years	₹13,425	₹2,55,893	₹9,55,893
7 Years	₹11,848	₹2,97,476	₹9,97,476

Key Features of ₹7 Lakhs Personal Loan

Loan Amount: ₹7 lakh, perfect for mid to high-range expenses.
Interest Rates: Starting at 49% p.a., depending on the lender.
Repayment Tenure: Ranges from 12 months to 84 months.
No Collateral Required: An unsecured loan without asset pledging.
Quick Disbursal: Receive funds in 24-48 hours upon approval.

Eligibility Criteria for ₹7 Lakh Personal Loan

Eligibility Criteria	Details
Age	21 to 60 years (varies by lender)
Employment	Salaried or self-employed
Minimum Monthly Income	₹20,000 (salaried), ₹30,000 (self-employed)
Work Experience	At least 1 year (salaried), 2 years (self-employed)
Credit Score	750 or above for favorable interest rates

Documents Required for ₹7 Lakh Personal Loan (Salaried Individuals)

Document Type	Details
Identity Proof	Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
Address Proof	Utility Bills (Electricity, Water, Gas), Aadhaar Card, Passport, Rent Agreement
Income Proof	Latest Salary Slips (last 3 months)
Bank Statements	Bank Statements (last 3–6 months)
Employment Proof	Offer Letter, Employment Certificate
Photographs	Recent Passport-sized photographs

Are you Looking for 7 Lakh Personal loan? Why Wait? Apply Today!

Don’t wait any longer; apply for your personal loan today and turn your dreams into reality!

Apply 7 Lakh Personal Loan

📌 Disclaimers

Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.

Who is the Author?

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.

How is the Content Written?

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.

Why Should You Trust This Content?

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.

🏅 This content follows Google's People-First Content Guidelines

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).

Quick Disbursal in 24 Hrs

★★★★★

Applied on thursday, money came next day. Simple steps and clear updates.

Varun S 16 days ago

Paperless and Fast

Uploaded KYC and bank statements online. Approval in minutes, disbursal same day.

Priya T 17 days ago

EMI Calculator Helped

★★★★

EMI calculator was accurate. I picked 36 months and it matched the final EMI.

Arvind G 18 days ago

Great for Salaried Buyers

Salary slip and bank statement were enough. Very smooth flow for salaried users.

Rithika P 20 days ago

Interest Rate Was Transparent

Rate shown during eligibility was the rate I got. No hidden surprises.

Kishore V 22 days ago

Top-Up Loan Was Easy

I got a top-up after 8 months with fewer documents. Funds came quickly.

Sahana M 25 days ago

Balance Transfer Saved EMI

Shifted my old loan. EMI reduced by ₹1,200. Process was simple and guided.

Ramesh D 28 days ago

Self-Employed Got Approved

I am self-employed. Gave ITR and GST returns. Took a day more but got it.

Hasmukh L 29 days ago

Minimal Documents

Only Aadhaar, PAN, salary slips, and bank PDF. Done in one go.

Nisha J 31 days ago

Good Support on Call

I had a doubt on NACH. The team explained clearly and set up auto-debit.

Sridhar K 32 days ago

Prepayment Option Saved Money

I prepaid part of the loan after 6 months. Charges were small and fair.

Mithun B 35 days ago

Processing Fee Felt High

★★★

Loan was quick but fee could be lower. Please show a comparison of fees.

Monica F 39 days ago

Rate Lock Confusion

Rate changed after verification by 0.5%. Would like the lock-in to be clearer.

Ankit Z 41 days ago

Instant Eligibility Check

Eligibility result in seconds. Loved the simple questions and clean screen.

Soumya R 46 days ago

Disbursal Same Day

Applied morning, money by evening. SMS and email updates were timely.

Gurpreet H 50 days ago

Verification Call Delayed

Everything was online but the verification call came next day. Slight delay.

Chirag U 57 days ago

Great UI and Steps

Very clear screens. Each step told me what to upload and why.

Ananya Q 66 days ago

Need More Lenders

Got offers from 4 lenders. Wish there were more NBFC options to compare.

Dev R 75 days ago

Co-Applicant Not Supported

I wanted to add my spouse as co-applicant but didn’t see that option.

Vasudha N 88 days ago

Auto-Debit Failed Once

First EMI auto-debit failed due to bank issue. Support fixed it fast.

Madan P 103 days ago

No Collateral Needed

Unsecured loan with fair rate. Funds used for medical bills. Good experience.

Karthik E 127 days ago

Docs for Self-Employed Are Heavy

ITR, GST, bank statement asked. It worked but took extra time.

Shalini C 169 days ago

CIBIL Below 700 Rejected

★★

I was declined due to low CIBIL. Please show tips to improve score.

Imtiyaz W 193 days ago

Clear EMI Breakup

The breakup showed interest vs principal every month. Very helpful.

Bhavana Y 210 days ago

Foreclosure Charges High

Pre-closure fee was more than I expected. Please highlight this earlier.

Neeraj I 251 days ago

Simple and Beginner-Friendly

New to loans. The platform explained terms like ROI, PF, and NACH in plain words.

Rupa A 294 days ago

Multiple Offers, One Application

Got 3 lender offers from one form. Picked the lowest EMI. Very simple.

Saurabh P 15 days ago

NBFC Approved Me

Bank declined due to thin credit history. An NBFC partner approved me next day.

Geetha L 16 days ago

Multiple Offers in One Place

One form, got 3 lender offers. Picked the lowest EMI in minutes.

Akhil P 15 days ago

NBFC Approved Quickly

Thin credit file. A partner NBFC approved me the next day.

Gayathri S 16 days ago

KFS Before eMandate

KFS showed rate, fees, and foreclosure terms before I signed eNACH.

Rahul N 17 days ago

Co-Applicant Helped Rate

Added my spouse as co-applicant and one bank offered a lower rate.

Seema L 18 days ago

Video KYC Was Smooth

Did video KYC in 5 minutes. No branch visit needed.

Arun V 19 days ago

Stamp Duty Clear

Processing fee and stamp duty were shown upfront per lender.

Payal R 20 days ago

Rate Match Worked

Uploaded a competing offer and the partner matched the rate.

Irfan S 21 days ago

FOIR Reason Explained

One bank declined due to FOIR. Reason and next steps were clear.

Manasa K 22 days ago

Doorstep Pickup Arranged

Original sighting required. Pickup was done the next morning.

Vijay B 23 days ago

Too Many Calls From Lenders

Got calls from two lenders at the same time. Coordination can improve.

Gautam D 24 days ago