A personal loan is a type of unsecured loan that can be used for various personal expenses such as home renovations, medical bills, travel expenses, etc. A personal loan of ₹ 7 Lakh is available at 9.99% interest rate with minimal documentation and budget-friendly EMIs.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
|
---|---|---|---|---|
Bajaj Finance Limited |
11% p.a. |
₹35 Lakhs |
72 months |
|
Finnable |
15.95% p.a. |
₹10 Lakhs |
60 months |
|
InCred |
16% p.a. |
₹10 Lakhs |
60 months |
|
Kotak Mahindra Bank |
10.99% p.a. |
₹40 Lakhs |
72 months |
|
L&T Finance |
12% p.a. |
₹7 Lakhs |
48 months |
|
moneyview |
1.33% p.m. |
₹10 Lakhs |
60 months |
|
Muthoot Finance |
14.50% p.a. |
₹15 Lakhs |
60 months |
|
SMFG India Credit |
12% p.a. |
₹25 Lakhs |
60 months |
|
YES BANK |
10.99% p.a. |
₹50 Lakhs |
72 months |
|
**The interest rates are subject to change with lending institutions' norms and policies.
₹7 Lakh loan can fulfil various fund requirements depending upon your necessity and priority list. However, one of the major advantages of a personal loan is that there is no specific restriction or guideline on the usage of the loan amount. Thus enabling you to spend or use the loan amount as per your requirement and comfort. Some of the purposes that ₹ 7 Lakh personal loan generally serves include -
Wedding Expenses
Repayment of Debts
Education (includes fees and other expenses)
Vacation
Renovation of the House or Office
Medical Emergency
Purchase of an Appliance or Household Item
Purchase of any Assets
Downpayment of any Investment
Debt Consolidation
To avail of the benefit of ₹ 7 lakhs personal loan, there are certain eligibility parameters that one must fulfil to ensure seamless and hassle-free loan approval -
You must be a resident of India
You must be between 18 -65 years of age
You must have a stable source of income
Your CIBIL score should be 750 or above
You can quickly get your loan application approved with the submission of certain mandatory documents mentioned below -
Aadhaar card, PAN card, etc.
Passport, Utility bills, etc.
Salary slips, bank statements, etc.
The answer to ‘I need 7 Lakh rupees urgently’ is an online loan application procedure. You can apply online for a personal loan from anywhere at any point in time, even during emergencies.
Bajaj Markets renders digital application procedure with instant fund disbursal on loan approval.
Follow these quick and simple steps to apply online for a ₹ 7 Lakh personal loan -
Click on ‘APPLY NOW’ on this page.
Fill in all the personal and professional details in the application form
Once the authentication and verification procedure is completed, the loan amount will be sanctioned.
Also Check Other Instant Personal Loan Options |
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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.
The ₹7 Lakh personal loan EMI amount is determined by taking loan tenure and applicable interest rate into consideration.
A stable source of income is one of the eligibility parameters to avail of a personal loan. The minimum salary requirement for a ₹7 Lakh loan is usually ₹15,000, however, it differs with norms and policies of the lending institution.
The ideal credit score to avail of a ₹7 Lakh personal loan is 750 or above, however lending institutions sanction loans to applicants with a low credit score as well. Applicants with low credit scores are charged higher interest rates.
Yes. Many lending institutions offer ₹7 Lakh personal loans without any collateral, however, you must have a stable source of income to prove your repayment capacity.