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Personal Loan of Rs. 10 lakh

A personal loan of Rs. 10 lakh is an ideal instant credit solution for individuals looking to finance home renovation, higher education, medical expenses and more. At Paisabazaar, you can scroll through multiple offers from top lenders and get a Rs. 10 lakh loan without the hassle of collateral.

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Personal Loan EMI Calculator

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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
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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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

Why Opt for a Personal Loan of Rs. 10 Lakh?

A Rs. 10 lakh personal loan can be a flexible financing option for:

  • Wedding costs or home renovations
  • Treatment costs and medical emergencies
  • Debt consolidation or refinancing
  • Funding your higher education in India or abroad

Eligibility Criteria for a Rs. 10 Lakh Personal Loan

Eligibility criteria for a Rs. 10 lakh loan, most banks and NBFCs generally require:

  • Age: 21 to 60 years
  • EMI to Income Ratio: Lenders usually consider applicants with a ratio below 50-55%. For larger loan amounts, the required income is usually higher.
  • Credit Score: 750+ is ideal
  • Employment: Salaried or self-employed with stable income
  • Work experience: 1-2 years minimum

Documents Required

Here are the basic documents needed to apply for a Personal loan of Rs. 10 lakh:

  • PAN card & Aadhaar card
  • Salary slips (last 3 months) or ITR (for self-employed)
  • Bank statements (last 6 months)
  • Address proof (electricity bill, rent agreement, etc.)
  • Employment proof or business proof

Check Personal Loan Offers Based on Your Salary

Personal Loan for ₹25,000 salary Read More Personal Loan for ₹30,000 salary Read More Personal Loan for ₹50,000 salary Read More Personal Loan for ₹60,000 salary Read More Personal Loan for ₹80,000 salary Read More Personal Loan for ₹1,00,000 salary Read More

Interest Rate on Rs. 10 Lakh Loan

Interest rates for Rs. 10 lakh personal loans in India typically start from 9.98% p.a. However, your final interest rate will depend on:

  • Your credit score
  • Employer category (for salaried)
  • Loan tenure
  • Existing debts

Note: A credit score of 750+ can help you secure the lowest personal interest rates. Maintaining a good credit score is essential to accessing better loan terms.

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Fees & Charges for 10 Lakh Loan

  • Processing Fee: Ranges from 0.5% to 4% of the loan amount
  • Stamp Duty: Applicable as per actual
  • Late EMI Charges: Approximately 24% p.a.
  • Legal Charges: Levied as per actuals

Tips to Get Approved for a Personal Loan of Rs. 10 Lakh

You can increase your chances of approval with these simple practices:

  • Maintain a high credit score (750+)
  • Avoid multiple loan applications at once
  • Choose a longer tenure to reduce EMI burden
  • Provide accurate income proof
  • Add a co-applicant (if needed) for better eligibility

EMI Calculation for Rs. 10 Lakh Personal Loan

Here’'s a sample EMI calculation for a loan of Rs. 10 lakh:

Tenure 11% 13% 15%
1 Rs. 88,382 Rs. 89,317 Rs. 90,258
2 Rs. 46,608 Rs. 47,542 Rs. 48,487
3 Rs. 32,739 Rs. 33,694 Rs. 34,665
4 Rs. 25,846 Rs. 26,827 Rs. 27,831
5 Rs. 21,742 Rs. 22,753 Rs. 23,790
6 Rs. 19,034 Rs. 20,074 Rs. 21,145

Use an online personal loan EMI calculator to plan better.

Swipe to see more table data

Benefits of Choosing a Rs 10 Lakh Loan through Paisabazaar

  • Hassle Free Experience
  • Access to 30+ Lenders
  • Collateral-Free Loan Offers
  • Free Credit Score
  • Pre-approved Loan Offers
  • Attractive Interest Rates
  • Easy EMI Options
  • Quick Approvals & Disbursal
  • End-to-End Assistance

How a ₹10 Lakh Loan Impacts Your Credit Score

Your credit score may be greatly impacted by taking out a large loan, such as Rs. 10 lakh, in both positive and negative ways, based on how you handle it. Here's how:

Positive Impact

  • Timely EMI Payments = Boosted Score: If you pay your EMIs regularly and on time, your credit history will become strong with a robust repayment track record.
  • Demonstrates Creditworthiness: Responsibly handling a Rs. 10 lakh loan demonstrates your ability to manage large credit, which boosts lender confidence.

Negative Impact

  • Missed or Late EMIs = Lower Score: A single late payment can have a negative impact on your credit report and severely lower your score.
  • Hard Enquiries from Multiple Applications: If you apply to many lenders at once, it triggers multiple credit checks, which may slightly lower your score.

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    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

    Explore Our Personal Loan Lenders

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    What our customers say

    Great Customer support and response

    Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

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    ABhisekh BordoloiSep 21, 2025

    Feedback - Customer support

    I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

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    EZAKIEL BSep 18, 2025

    Exceptional Support During Loan Process

    I’m writing to express my sincere appreciation for Mohammad Shazeb (Employee Code: EW33348) for the excellent support he provided during my recent loan process. There was a complication with the KYC verification, and Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly.

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    Abhishek ThakurSep 1, 2025

    Outstanding Assistance from Ms. Seema Kumari

    I would like to express my sincere appreciation for Ms. Seema Kumari (Employee ID: EW32347) for her exceptional support in helping me secure a personal loan.

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    Abdul ShaikhAug 23, 2025

    Excellent Support and Guidance from Ms. Yashi Saxena

    I had the opportunity to interact with Ms. Yashi Saxena (Employee Code: AW22197) while applying for a loan from Poonawalla Fincorp. I am extremely satisfied with her guidance, support, and professionalism throughout the process. She explained each step very clearly, helped me understand the details, and ensured that the process went smoothly. Her assistance made my loan journey hassle-free.

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    Jitendra WaskelAug 14, 2025

    Loan from paisabaAar

    Get a personal loan from paisabaaz customer support is very supportive loan disburse in 2 days thanks team

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    DeeptiAug 2, 2025

    Compare and Applied

    Hi, I can easily choose the right loan offers for me with the help of Paisabazaar. Previously, I tried fincover for the same, but I can decide while checking with you. Thank you

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    ajayJul 24, 2025

    Applied for a loan for my old house renovation

    Day beforeYesterday, I applied for a loan for my old house renovation from Paisabazaar, and the experience was good. The application was straightforward, and this morning I received a message that my loan has been approved. I was quite shocked at how fast it got approved. I liked your service!

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    ARJUN GUPTAJun 13, 2025

    Best Rates Compared Instantly

    compare personal loan offers from so many banks in one place. Got personal loan from HDFC at best rate.

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    Kavita SharmaMay 30, 2025

    Travel Loan Without Any Hassle

    I get a loan for my trip. Got 1 lakh with easy emi options. It was all online no paperwork. A little delay in approval, but worth the wait!

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    Aditya MalhotraMay 14, 2025
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