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Rs.8 Lakh Personal Loan @10.49%* p.a from Top Banks & NBFCs

Need ₹8 lakh loan urgently? Apply and Get a Personal loan of ₹8 Lakh at 10.50% p.a. with 7 years, exclusively for salaried employees.

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Personal Loan of Rs.8 Lakhs

₹8 lakh personal loan is a versatile financial product that can address a variety of needs, from education to medical expenses, travel, or debt consolidation. This page explains the EMI structure, eligibility, and documents required for such loans, ensuring you can plan your finances effectively.

Key Features of ₹8 Lakhs Personal Loan at 10.49% p.a.

  • Attractive Interest Rate: Starting from 10.49% per annum, ensuring affordable EMIs.
  • Flexible Tenure: Repayment terms ranging from 1 to 7 years, allowing customization as per your budget.
  • No Collateral Required: Unsecured loan, eliminating the need for assets as security.
  • Quick Processing: Fast approval and disbursal, especially for pre-approved customers.
  • Multipurpose Use: Can be utilized for any personal need, from travel to debt consolidation.

Bank Interest rates for Rs.8 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 ₹8 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%

₹8 Lakh Personal Loan EMI for up to 7 Years

Loan Amount: Rs.8 Lakh

ROI: 10.49%

Tenure (Years)

Monthly EMI (₹)

Total Interest (₹)

Total Payment (₹)

1₹70,329₹43,947₹8,43,947
2₹37,203₹89,256₹8,89,256
3₹25,917₹1,33,022₹9,33,022
4₹20,416₹1,76,217₹9,76,217
5₹17,159₹2,29,532₹10,29,532
6₹15,342₹2,92,418₹10,92,418
7₹13,541₹3,38,468₹11,38,468

Eligibility Criteria for Personal Loan of ₹8 Lakh

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 Personal loan of Rs. 8 Lakhs

Document TypeExamples
Identity ProofAadhaar, PAN, Passport, Driving License
Address ProofUtility Bill, Rent Agreement, Passport
Income ProofSalary Slips, Form 16 (for salaried); ITRs and Bank Statements (for self-employed)
Employment ProofOffer Letter, Employment Certificate
PhotographsPassport-sized photographs

Gateway to realize your dream

Get the catalyst to your aspiration with Personal loan of Rs. 8 Lakhs backed by transparent process, competitive rates, and deep commitment to your financial well-being

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