Apply for a personal loan of ₹2 Lakhs at interest rates starting from just 9.99% p.a.
Avail Instant Personal Loans ✓ Quick Disbursal ✓ Minimum Documentation!
Need 2 Lakh Rupees Urgently? On Bajaj Markets, you can get a personal loan of ₹2 Lakhs to fulfil all your personal requirements. The documentation requirements are minimal and the digital application process is quite seamless. Additionally, the straightforward eligibility requirements and a wide range of lender choices ensure that you secure the necessary funds on favourable terms.
The interest rates provided by lenders that offer ₹2 Lakh loan on Bajaj Markets are as follows:
Lenders |
Starting Interest Rate |
Bajaj Finance |
10% p.a. |
CASHe |
2.79% p.m. |
Federal Bank |
11% p.a. |
Fibe |
14% p.a. |
Finnable |
15.95% p.a. |
IIFL |
18% p.a. |
InCred |
16% p.a. |
Kissht |
14% p.a. |
Kotak Mahindra Bank |
10.99% p.a. |
KreditBee |
14% p.a. |
L&T Finance |
12% p.a. |
moneyview |
16% p.a. |
Muthoot Finance |
14.50% p.a. |
PaySense |
15% p.a. |
Privo |
9.99% p.a. |
SMFG India Credit |
12% p.a. |
Upwards |
18% p.a. |
YES BANK |
12.50% p.a. |
Zype |
18% p.a. |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Let’s say the interest rate levied on your ₹2 lakh loan is 9.99% p.a. Here is how the EMI amount will differ across various tenures:
Tenure |
EMI Amount |
Total Interest Payable |
Total Repayment Cost |
1 year (12 months) |
₹17,582.25 |
₹10,986.97 |
₹2,10,986.97 |
2 years (24 months) |
₹9,228.06 |
₹21,473.49 |
₹2,21,473.49 |
3 years (36 months) |
₹6,452.50 |
₹32,289.95 |
₹2,32,289.95 |
4 years (48 months) |
₹5,071.56 |
₹43,434.70 |
₹2,43,434.70 |
5 years (60 months) |
₹4,248.42 |
₹54,905.50 |
₹2,54,905.50 |
6 years (72 months) |
₹3,704.16 |
₹66,699.45 |
₹2,66,699.45 |
7 years (84 months) |
₹3,319.2 |
₹78,813.09 |
₹2,78,813.09 |
8 years (96 months) |
₹3,033.77 |
₹91,242.37 |
₹2,91,242.37 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
The basic eligibility criteria for ₹2 Lakh personal loan of are as under:
You must be an Indian citizen
You must be salaried or self-employed
You must be between 18 and 68 years of age
You must have a minimum monthly salary of ₹15000
Also, having a CIBIL score of 750 or more can improve your eligibility. The criteria may vary depending on the lender you choose. Get a complete understanding of the requirements set by your chosen lender before applying.
You will also have to provide a set of documents when applying. Here are some documents to keep handy:
KYC documents:
Address proof: Passport, PAN card, Aadhaar card, voter ID card, and driving licence
Identity proof: PAN card, Aadhaar card, etc.
Income proof: Bank statement of the last 3 months
You may be asked to provide additional documents. Ensure to get a comprehensive list of documents required when applying for a seamless process.
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Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Frequently Asked Questions
What is the monthly interest on a ₹2 Lakh personal loan?
On Bajaj Markets, personal interest rates can be as low as 9.99% p.a. The rate offered to you may vary as per your loan eligibility and your chosen lender’s policies.
Which bank is the best for a ₹2 Lakh loan?
Some of India’s renowned financial institutions like YES BANK, Federal Bank, Bajaj Finance, Muthoot Finance, and more offer ₹2 Lakh personal loans on Bajaj Markets. Compare and choose an offer that best suits your requirements and repayment capacity.
Can I get a ₹2 Lakh 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 factors affect the EMI of my personal loan of ₹2 Lakhs?
The interest rate and tenure have a major impact on your loan EMI. Also, if you opt for prepayments, the EMI of your loan may be revised.
How to get ₹2 Lakh loan instantly?
Apply for a personal loan of ₹2 Lakhs on Bajaj Markets. Fill in the application form online and choose from multiple loan providers available on the platform. Once approved, the loan amount is quickly disbursed to your bank account.
Can I prepay my personal loan of ₹2 Lakhs without any charges?
Usually, you are required to pay a charge when prepaying your personal loan of ₹2 Lakhs. This may depend on the policies of your lender. Reach out to your loan provider and confirm the fee charged for loan prepayment before you opt for this facility.
