- No end-usage restriction
- For personal purposes other than speculation
- Digital loan application
- Instant loan disbursal in just few seconds
1 Crore Personal Loan
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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End-to-End Digital Process
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Features of Personal Loan of Rs 1 Crore
Interest Rates for 1 Crore Personal Loan
Personal loan interest rates usually start from 9.98% p.a. However, some PSU banks might offer lower interest rates as well. Lenders usually set their personal loan interest rates depending on the credit profile of the applicants. Individuals applying for a personal loan of Rs 1 crore might be offered higher rate of interest due to no collateral involved.
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Fees and Charges for Rs 1 Crore Personal Loan
Below-mentioned are the fees and charges levied by personal loan lenders on their applicants:
| Particulars | Charges |
|---|---|
| Processing Fees | Up to 4% of loan amount |
| Foreclosure Charges | 1%-5% of the outstanding loan amount |
| EMI bounce charges | Around Rs 400 |
| Penal Interest Rate | 2% per month |
Eligibility Criteria of Applicants Availing Personal Loan of Rs 1 Crore
Below-mentioned is the eligibility criteria of personal loan applicants availing personal loan of Rs 1 crore:
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EMI Calculation of 1 Crore Personal Loan for Various Tenures
Below-mentioned is the EMI calculation for loan amount of 1 crore offered @ 9.99% p.a. For various tenures. Before applying for a personal loan, individuals can use a personal loan EMI calculator available online to evaluate the total EMIs and interest cost payable throughout the loan tenure.
| Loan Amount | Tenure | Interest Rate (p.a.) | EMI (Rs) |
|---|---|---|---|
| 10000000 | 1 year | 9.99% | 8,79,112 |
| 10000000 | 2 years | 9.99% | 4,61,403 |
| 10000000 | 3 years | 9.99% | 3,22,625 |
| 10000000 | 4 years | 9.99% | 2,53,578 |
| 10000000 | 5 years | 9.99% | 2,12,421 |
Documents Required for Availing 1 Crore Personal Loan
Below-mentioned are the common documents required by the lenders during personal loan application. However, the documents might vary for individuals availing loan amount of Rs 1 crore.
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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FAQs
Can everyone get a personal loan of Rs 1 crore?
No, not everyone can get such a high loan amount of Rs 1 crore. The loan amount offered depends on the repayment capacity and credit profile of the applicant.
What should be the minimum monthly income of the applicant availing a personal loan of Rs 1 crore?
The net monthly income of the applicant should be 50-55% of the EMIs including the existing EMIs and EMIs of the proposed personal loan.
Who can avail a personal loan of Rs 1 crore?
Applicants having a strong credit profile, very high repayment capacity, a stable employment and EMI/NMI ratio of 50-55% can avail a personal loan of Rs 1 crore.
For what purposes can we use a personal loan of Rs 1 crore?
A personal loan of Rs 1 crore can be used for various personal purposes such as wedding, travel, medical emergency, education , etc., except for speculation.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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