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Last updated on: July 2, 2025

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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.

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

Comparison of Personal Loan Interest Rates of Banks (2025)

BankInterest RateLoan AmountProcessing FeeProcessing TimeApply
DBS BankFrom 10.99%Up to ₹15 Lakhs1-2% of loan amount24-48 hoursApply
HDFCFrom 10.85%Up to ₹40 LakhsUp to 2.5%24-48 hoursApply
Axis BankFrom 10.49%Up to ₹40 Lakhs1.5% to 2%24-72 hoursApply
ICICI Bank10.75% – 19%Up to ₹40 LakhsUp to 2.5%24-48 hoursApply
Bank of Baroda10.75% – 18.5%Up to ₹5 Lakhs1%-2%48-72 hoursApply
SBIFrom 11%Up to ₹30 LakhsUp to 1.5%2-3 working daysApply
IndusIndFrom 10.49%Up to ₹50 LakhsUp to 2.5%24-48 hoursApply
Yes BankFrom 10.99%Up to ₹40 LakhsUp to 2.5%24-48 hoursApply
Standard CharteredFrom 11.5%Up to ₹50 LakhsUp to 2.25%48-72 hoursApply
IDFCFrom 10.49%Up to ₹50 LakhsUp to 3%24-48 hoursApply
Kotak MahindraFrom 10.99%Up to ₹40 Lakhs1% to 2.5%1-2 daysApply
PNBFrom 11.40%Up to ₹20 LakhsUp to 1%2-3 daysApply
Bandhan BankFrom 11.55%Up to ₹25 LakhsUp to 2%48-72 hoursApply

Comparison of Personal Loan Interest Rates of NBFCs (2025)

NBFCInterest RateLoan AmountProcessing FeeProcessing TimeApply
Piramal FinanceFrom 12.99%Up to ₹35 Lakhs2%-3%24-72 hoursApply
Shriram FinanceFrom 14%Up to ₹35 LakhsUp to 3%2-3 daysApply
Tata CapitalFrom 10.99%Up to ₹35 LakhsUp to 2.5%24-48 hoursApply
InCredFrom 18%Up to ₹3 Lakhs2% to 4%Instant to 24 hrsApply
FinnableFrom 16%Up to ₹10 LakhsUp to 3%24-48 hoursApply
PaySenseFrom 16.8%Up to ₹5 LakhsUp to 2.5%24-48 hoursApply
PoonawallaFrom 9.99%Up to ₹30 Lakhs1% to 2%24-72 hoursApply
FullertonFrom 11.99%Up to ₹25 LakhsUp to 3%1-2 working daysApply
LendingKartFrom 12%Up to ₹3 Lakhs2% to 3%24-48 hoursApply
Axis FinanceFrom 13%Up to ₹25 LakhsUp to 2.5%1-2 daysApply
Mahindra FinanceFrom 10.99%Up to ₹10 LakhsUp to 3%2-3 daysApply
Aditya BirlaFrom 11.99%Up to ₹50 LakhsUp to 2.5%48-72 hoursApply
Bajaj FinanceFrom 11%Up to ₹50 LakhsUp to 4%24-72 hoursApply

₹8 Lakh Personal Loan EMI for up to 7 Years

Loan Amount: ₹8,00,000
Rate of Interest (ROI): 10.49% per annum

Tenure (Years)Monthly EMI (₹)Total Interest (₹)Total Payment (₹)
1 Year₹70,329₹43,947₹8,43,947
2 Years₹37,203₹89,256₹8,89,256
3 Years₹25,917₹1,33,022₹9,33,022
4 Years₹20,416₹1,76,217₹9,76,217
5 Years₹17,159₹2,29,532₹10,29,532
6 Years₹15,342₹2,92,418₹10,92,418
7 Years₹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 Experience1 year (salaried), 2 years (self-employed)
Credit Score750 or above for favorable interest rates

Documents Required for Personal Loan of ₹8 Lakh

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

Apply 8 Lakh Personal Loan

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Prem Anand
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Prem Anand
10 + years Experienced content writer specializing in Banking, Financial Services, and Insurance sectors. Proven track record of producing compelling, industry-specific content. Expertise in crafting informative articles, blog posts, and marketing materials. Strong grasp of industry terminology and regulations.
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With over 20 years of experience in the BFSI sector, our Founder & MD brings deep expertise in financial services, backed by strong experience. As the visionary behind Fincover, a rapidly growing online financial marketplace, he is committed to revolutionizing the way individuals access and manage their financial needs.
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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.

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