Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

Need 2 Lakh Rupees Urgently? You can consider applying for a personal loan of Rs. 2 Lakh at Bajaj Markets. Simple eligibility criteria, collateral-free financing, affordable personal loan EMI, and flexible repayment tenure are some of the major advantages of using a personal loan at Bajaj Markets.

 

Suppose you are looking to apply for a personal loan of ₹ 2 Lakhs. In that case, you can use it for managing medical expenses, travel expenses, debt consolidation, purchasing a bike, paying for some educational courses, etc.

Calculate EMI for ₹2 Lakh Personal Loan

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

Interest Rates for ₹2 Lakh Personal Loan

Our Partners
sort list
Maximum Loan Tenure
sort list
Maximum Loan Amount
sort list
Minimum Interest Rate
sort list
sort list
Image

Bajaj Finance Limited

6 years

₹35 Lakhs

12% p.a.

4.7
Image

CASHe

1 year

₹4 Lakhs

27% p.a.

4.4
Image

Fibe

3 years

₹5 Lakhs

14% p.a.

4
Image

Finnable

5 years

₹10 Lakhs

15.95% p.a.

4
Image

IIFL Finance

3.5 years

₹5 Lakhs

18% p.a.

4.1
Image

InCred

6 years

₹10 Lakhs

16% p.a.

4.3
Image

KreditBee

2 years

₹4 Lakhs

18% p.a.

4.1
Image

Kotak Mahindra Bank

5 years

₹25 Lakhs

10.99% p.a.

4.2
Image

L&T Finance

4 years

₹15 Lakhs

11% p.a.

4.6
Image

moneyview

5 years

₹5 Lakhs

16% p.a.

4.2
Image

Muthoot Finance

5 years

₹15 Lakhs

14.50% p.a.

4
Image

PaySense Partners

5 years

₹5 Lakhs

15% p.a.

4.3
Image

Privo

5 years

₹5 Lakhs

9.99% p.a.

4.5
Image

Olyv

12 months

₹5 Lakhs

1.5% p.m.

4.1
Image

SMFG India Credit

5 years

₹25 Lakhs

12% p.a.

4.2
Image

Upwards

3 years

₹5 Lakhs

1.5% p.m.

4.3
Image

YES BANK

6 years

₹50 Lakhs

10.99% p.a.

4.2
Image

Zype

1 Year

₹5 Lakhs

18% p.a.

4
View More

Disclaimer: The rates mentioned above are subject to constant change. You must always check with the lender before applying. Additionally, the final interest rate applicable to you will depend on factors such as your repayment tenure, your age, your monthly income, and your CIBIL score.

Eligibility Criteria for ₹ 2 Lakh Personal Loan

The basic eligibility criteria required to avail of a personal loan at Bajaj Markets are as under:

  • You must be an Indian Citizen.

  • You must be a salaried individual employed in the public sector, a private limited company, or an MNC.

  • You must be between 23 - 58 years of age.

  • To be eligible for a 2 lakh personal loan, the required monthly salary is ₹15000 at least.

 

It is to be noted that lenders usually check your credit score before approving the loan application. Therefore, you should make efforts to improve your credit score before applying for a personal loan. Having a credit score of 750 or above can help you avail of the loan at a highly competitive interest rate. Moreover, if you have a credit score of 750 or above, you can negotiate with the lender to avail favourable terms on your personal loan.

Documents Required for ₹ 2 Lakh Personal Loan

Let us have a look at the documents required to avail a personal loan at Bajaj Markets:

  • Address proof such as Passport, PAN card, Aadhar card, Voter’s ID card, and Driving License

  • Identity proof like PAN Card

  • Bank Statement for the last 3 months

 

Make sure that you have all these documents readily available with you before you begin the personal loan application process. This will help you avoid any inconvenience at a later stage.

How to Apply for ₹ 2 Lakh Personal Loan?

Applying for a personal loan via Bajaj Markets is a simple and hassle-free process. You can follow the steps mentioned below to apply for a personal loan through Bajaj Markets:

  • Step 1: Visit the official Bajaj Markets website.

  • Step 2: Fill out the online application form by providing your accurate personal, financial, and employment details.

  • Step 3: Mention the loan amount and repayment tenure you wish to settle for.

  • Step 4: Once you’ve filled in the necessary details, a representative will get in touch with you to collect the required documents.

  • Step 5: The lender will review the application and verify your documents. Once everything is found to be satisfactory, you will receive the money in your bank account within 24 hours of loan approval.

FAQs on ₹ 2 Lakh Personal Loan

What is the monthly interest on a ₹ 2 lakh personal loan?

The interest rate on personal loans is different for different lenders and depends upon a number of factors such as your credit score, income and tenure of the loan. The interest rate can be as low as just 8% p.a. and can go up to 35% p.a. depending upon the aforementioned factors.

Which bank is the best for a personal loan of ₹ 2 Lakh?

Although, as mentioned earlier, the interest rates on personal loans vary from lender to lender, you can expect competitive interest rates (anywhere around 10%-12%) from large private sector banks such as HDFC, ICICI and Kotak.

Can I avail a ₹ 2 Lakh personal loan without income proof?

Yes, many lenders would be willing to offer you a personal loan of ₹ 2 Lakhs without any income proof, provided you have at least a decent credit history. The loan approval becomes even easier if you apply with a co-applicant.

What are the factors that can affect ₹ 2 Lakh Personal loan EMI?

Your loan EMI depends upon a number of factors including the loan tenure, your credit history, your income and in some cases, also the reason for applying for the loan.

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
Credit Score
active_tab