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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
A ₹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
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 Criteria | Details |
---|---|
Age | 21 to 60 years (varies by lender) |
Employment | Salaried or self-employed |
Minimum Monthly Income | ₹20,000 for salaried, ₹30,000 for 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 Personal loan of Rs. 8 Lakhs
Document Type | Examples |
---|---|
Identity Proof | Aadhaar, PAN, Passport, Driving License |
Address Proof | Utility Bill, Rent Agreement, Passport |
Income Proof | Salary Slips, Form 16 (for salaried); ITRs and Bank Statements (for self-employed) |
Employment Proof | Offer Letter, Employment Certificate |
Photographs | 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
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