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₹25 Lakh Personal Loan

Get access to funds of up to ₹25 Lakhs with flexible terms, competitive rates, and a fully digital application process on Bajaj Markets. 

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With Bajaj Markets, you can borrow up to ₹25 Lakhs through a hassle-free online application process designed for your convenience. Enjoy competitive interest rates starting at 10% p.a. and choose repayment periods of up to 96 months.

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Your Personal Loan EMI
₹ 220,942
Total Interest Amount
₹ 151,310
Principal Amount
₹ 25,00,000
Total Payable Amount
₹ 26,51,310
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
Instant Approval

You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets. 

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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Overview

A personal loan of ₹25 Lakhs helps you manage expenses without affecting your savings when immediate financial support is required. This loan provides the necessary funds, whether for a medical emergency or an urgent trip.

For example, a 3-year personal loan of ₹25 Lakhs at an interest rate of 10% p.a. results in an EMI of approximately ₹80,667 and a total interest payment of approximately ₹4,04,046.

In case the tenure is 5 years, for a loan of ₹25 Lakhs, at an interest rate of 10% p.a., the EMI would be approximately ₹53,117 and total interest amount would be ₹6,87,056. Opting for a longer tenure reduces the monthly EMI but increases the overall interest outgo.

With quick approval and zero paperwork, you receive funds when required and repay them conveniently through fixed monthly EMIs.

Compare ₹25 Lakh Personal Loan Interest Rates by Various Banks & NBFCs

Find lenders offering personal loans of up to ₹25 Lakhs on Bajaj Markets, and compare their terms to choose an option that matches your needs:

Lenders

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fees

Bajaj Finance

₹55 Lakhs

10% p.a.

96 Months

Up to 3.93% of the loan amount (Inclusive of applicable taxes)

Kotak Mahindra Bank

₹40 Lakhs

10.99% p.a.

72 Months

Up to 1.50% of the loan amount + GST

SMFG India Credit

₹25 Lakhs

12% p.a.

60 Months

0% to 6% of the loan amount

YES BANK

₹50 Lakhs

12.50% p.a.

72 Months

1.15% to 2.75% of the loan amount

Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

₹25 Lakh Personal Loan EMI for Different Tenures

The chosen tenure can have a massive impact on the instalment amount and the overall cost of the loan. Let us understand this better with the help of an illustration. Assume that you got a ₹25 Lakh loan at an interest rate of 10.99% p.a. 

Based on the tenure, here is what the EMI of your loan will look like:

Tenure

EMI Amount

Interest rate

Total Interest Payable

Total Repayment Cost

₹25 Lakh Loan for 1 Year

₹2,20,942.49

10.99%

₹1,51,310

₹26,51,310

₹25 Lakh Loan for 2 Years

₹1,16,507.99

10.99%

₹2,96,192

₹27,96,192

₹25 Lakh Loan for 3 Years

₹81,834.95

10.99%

₹4,46,058

₹29,46,058

₹25 Lakh Loan for 4 Years

₹64,601.67

10.99%

₹6,00,880

₹31,00,880

₹25 Lakh Loan for 5 Years

₹54,343.59

10.99%

₹7,60,615

₹32,60,615

₹25 Lakh Loan for 6 Years

₹47,572.39

10.99%

₹9,25,212

₹34,25,212

₹25 Lakh Loan for 7 Years

₹42,792.95

10.99%

₹10,94,608

₹35,94,608

₹25 Lakh Loan for 8 Years

₹39,257.58

10.99%

₹12,68,728

₹37,68,728

Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

As the term lengthens, the EMI amount decreases. However, when the loan term increases, interest rates may rise and, as a result, the total cost of the loan may become higher.

Hence, it is necessary to make an informed decision and choose a term that maintains a balance between the monthly instalment amount and the overall loan cost.

₹25 Lakh Personal Loan: Fees and Charges

Refer to the table below to know the fees and charges that various lenders apply to personal loans:

Fees and Charges

Details

Processing Fees

Up to 6% of the loan amount

Foreclosure Charges

Up to 4.72% of the amount  

Part-payment Charges

Up to 25% of the amount  

Disclaimer: The mentioned details are subject to change at the lender’s discretion.

How to Calculate Your Personal Loan EMI

Calculating your personal loan EMI helps you plan your repayment efficiently before applying. The EMI is calculated using this formula:

EMI = P × R × (1 + R)N / [(1 + R)N - 1]

Where:

  • P is the loan amount (principal)

  • R is the monthly interest rate (annual rate divided by 12, then by 100)

  • N is the loan tenure in months

Let’s say you apply for a loan of ₹25 Lakhs at an interest rate of 10% p.a. for 96 months (8 years).

  • P = ₹25,00,000

  • Annual interest rate = 10%

  • Monthly interest rate (R) = 10 / 12 / 100 = 0.00833

  • Tenure (N) = 96 months

Now, let us apply these values to the formula:

  • EMI = ₹25,00,000 × 0.00833 × (1 + 0.00833)96 / [(1 + 0.00833)96 – 1]

  • EMI = ₹25,00,000 × 0.00833 × 2.2522 / (2.2522 – 1)

  • EMI = ₹25,00,000 × 0.00833 × 2.2522 / 1.2522

  • EMI = ₹25,00,000 × 0.01498

  • EMI = ₹37,450

So, for a ₹25 Lakh personal loan at 10% p.a. for 96 months, your estimated monthly EMI would be approximately ₹37,450.

Eligibility & Documents for a Personal Loan of ₹25 Lakhs

Here are the eligibility details evaluated by most lenders:

  • Indian citizenship

  • Salaried or self-employed individual

  • Age above 18 years

  • Minimum income of ₹10,000 per month

  • Minimum work experience of 1 year

  • CIBIL score of 750 or above

You also need to submit the following paperwork:

Identity Proof (Any one of the following):

  • PAN card

  • Aadhaar card

  • Voter ID

  • Passport

  • Driving licence

Address Proof (Any one of the following):

  • Voter ID

  • Aadhaar card

  • Passport

  • Driving licence

  • Electricity bill

  • Telephone bill

Income Proof (Any one of the following):

  • Bank statements

  • Salary slips for the last 3 months

How to Apply for a Personal Loan of ₹25 Lakhs

Applying for a personal loan online is simple and hassle-free. Just follow these steps:

  1. Click on ‘Apply for a personal loan’

  2. Fill in your basic personal information in the online application form

  3. Specify the desired loan amount and choose your preferred repayment tenure

  4. Submit the form for verification

Once your application is submitted, a representative will get in touch with you to proceed with the next steps

Amortisation Table for a Personal Loan of ₹25 Lakhs

Suppose you take a loan of ₹25 Lakhs at an interest rate of 10.99% and a tenure of 8 months. Here is the amortisation breakdown:

Month

Payable Amount

Principal

Interest

Balance

Month 1

₹ 3,25,516

₹ 3,02,620

₹ 22,896

₹ 21,97,380

Month 2

₹ 3,25,516

₹ 3,05,392

₹ 20,124

₹ 18,91,988

Month 3

₹ 3,25,516

₹ 3,08,188

₹ 17,327

₹ 15,83,800

Month 4

₹ 3,25,516

₹ 3,11,011

₹ 14,505

₹ 12,72,789

Month 5

₹ 3,25,516

₹ 3,13,859

₹ 11,657

₹ 9,58,930

Month 6

₹ 3,25,516

₹ 3,16,734

₹ 8,782

₹ 6,42,196

Month 7

₹ 3,25,516

₹ 3,19,634

₹ 5,881

₹ 3,22,562

Month 8

₹ 3,25,516

₹ 3,22,562

₹ 2,954

₹0

Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Impact of Pre and Post-Personal Loan Approval on CIBIL Score

Your CIBIL score, which goes from 300 to 900, provides a numerical summary of your financial creditworthiness. Personal loans may have the following effects on your CIBIL score and overall profile:

  • Pre-approval Impact:

When you apply for a personal loan, the lender often does a hard inquiry to review your credit record. This may cause a brief decline in your credit score, which will be shown in your credit file.

  • Post-approval Impact:

Paying back your loans on schedule improves your credit score and shows that you are a responsible borrower. Making consistent, on-time payments shows lenders that you can manage debt, which raises your creditworthiness.

Uses of ₹25 Lakh Personal Loan

A personal loan of ₹25 Lakhs gives you the freedom to handle major expenses comfortably, whether for personal goals or professional needs. Here’s how you can make the most of this substantial loan amount:

  • Debt Consolidation

Streamline multiple high-interest debts into a single manageable EMI, potentially at a lower interest rate, and simplify your repayment process.

  • Medical Expenses

Cover significant medical emergencies or planned treatments with ease. Ensure you have the necessary funds during critical times.

  • Home Renovation

Upgrade or remodel your home extensively. Enhance its value and improve your living experience without financial strain.

  • Education Funding

Support higher education expenses, including tuition fees, accommodation, and study materials, whether for yourself or a family member.

  • Wedding Expenses

Manage wedding costs such as venue bookings, catering, décor, and outfits. Make your celebrations memorable without budget constraints.

  • Travel Goals

Plan an extended international holiday or multiple vacations, covering flights, stays, and other travel essentials comfortably.

  • Business Expansion

Invest in your business by adding inventory, hiring staff, or scaling operations, using the loan as growth capital.

Explore Other Instant Personal Loan Options

Disclaimer

Reference of all T&Cs necessarily refers to the terms of the Partners as regards pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

25 Lakh Personal Loan
How can I get a ₹25 Lakh personal loan?

It is easy to apply for a ₹25 Lakh personal loan on Bajaj Markets. Click on ‘Apply for a personal loan’. Just fill out the application form with the required details and submit the necessary documents.

Choose your preferred lender and enter the tenure and loan amount required. Cross-check all the details prior to submitting the application. Following this, your application will be processed, and a representative will reach out to you for further proceedings.

If you take a ₹25 Lakh personal loan at an interest rate of 10.99% p.a. for 96 months, you will have to pay an EMI of ₹39,257.58. If the tenure changes to 12 months, the EMI will be ₹2,20,942.49. 

Thus, depending on the interest rate and tenure, the amount of your monthly instalment is determined. You can use a personal loan EMI calculator to check the impact of different loan terms on your loan EMI to find an offer that best suits your needs.

You can get a ₹25 Lakh personal loan at interest rates starting from just 10.00% p.a. on Bajaj Markets.

Since a personal loan is generally unsecured, you don’t have to provide collateral. The lenders assess your loan eligibility based on your income, credit score, age, etc.

Some leading lenders in India that offer personal loans of ₹25 Lakhs on Bajaj Markets are as follows:

  • Bajaj Finance Limited

  • Kotak Mahindra Bank

  • SMFG India Credit

  • YES BANK

Defaulting on a personal loan can lead to the following consequences:

  • Late payment penalties and penal interest

  • Bad credit score

  • Negative impact on the co-signer or guarantor

  • Increase in financial burden

  • Legal action (in severe cases)

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