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₹ 7 Lakh personal loan @10.49% p.a

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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

Banks
Personal Loan Interest Rates 2025
Institution Interest Rates
HDFC Bank 10.85% – 24.00%
Axis Bank 11% – 24.00%
Bandhan Bank 11.90% Onwards
ICICI Bank 10.85% – 16.25%
DBS Bank 10.99% – 24.00%
Bank of Baroda 11.05% – 18.75%
SBI 11.45% – 14.85%
IndusInd Bank 10.49% – 24.00%
Yes Bank 11.25% – 21.00%
Standard Chartered 11.50% – 24.00%
IDFC First 10.99% – 23.99%
Kotak Mahindra Bank 10.99% – 24.00%
PNB 11.40% – 17.95%
Indian Bank 10.90% – 24.00%

NBFCs Interest rates for 6 Lakh Personal Loan

NBFCs
NBFC Name Interest Rate
InCred Interest Rate 2025 16% – 42%
Finnable Interest Rate 2025 16% – 28%
L&T Finance Interest Rate 2025 11% – 24%
Aditya Birla Interest Rate 2025 10% – 32%
Shriram Finance Interest Rate 2025 11% – 42%
Bajaj Finserv Interest Rate 2025 10.75% – 31%
Piramal Interest Rate 2025 12.99% onwards
Tata Capital Interest Rate 2025 11.99% – 35%
Poonawalla Interest Rate 2025 11.49% – 19%
SMFG Interest Rate 2025 13% – 36%
Axis Finance Interest Rate 2025 13% onwards
Mahindra Finance Interest Rate 2025 12% – 36%
Paysense Interest Rate 2025 16.8% – 33%

₹7 Lakhs Personal Loan EMI for 1-7 Years

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

Eligibility CriteriaDetails
Age21 to 60 years (varies by lender)
EmploymentSalaried or self-employed
Minimum Monthly Income₹20,000 for salaried, ₹30,000 for self-employed
Work ExperienceAt least 1 year (salaried), 2 years (self-employed)
Credit Score750 or above for favorable interest rates

Documents Required for a 7 lakh personal loan for salaried individuals

Document TypeDetails
Identity ProofAadhaar Card, PAN Card, Passport, Voter ID, Driving License
Address ProofUtility Bills (Electricity, Water, Gas), Aadhaar Card, Passport, Rent Agreement
Income ProofLatest Salary Slips (last 3 months)
Bank StatementsBank Statements (last 3-6 months)
Employment ProofOffer Letter, Employment Certificate
PhotographsRecent 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!

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