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Personal Loan of Rs. 10 lakh

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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 ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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.

    Check Personal Loan Offers in Your City

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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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    FAQs

    The EMI will depend on your interest rate and the tenure of the loan. For example, if your loan has an interest rate of 11% with a 5-year tenure, then your EMI will be around Rs.21,742.

    Most lenders offer a straightforward personal loan application process to eligible borrowers. Just visit Paisabazaar, check your eligibility and choose from the best loan offers available toget quick credit.

    Instead of picking the best bank, pick the loan that suits you the best. When selecting a lender, you should take into account features like lower interest rates, instant approval,flexible tenure and minimal documentation

    For a personal loan, the majority of lenders want a credit score of 750 or above. Consider utilizing Paisabazaar Credit+ services if your score is below 750 to build your credit profile and improve your chances of approval.

    A pre-approved loan offer of Rs. 10 lakh can be obtained without requiring a lot of paperwork. You would need to provide basic documents for a new loan of Rs. 10 lakh.

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    What our customers say

    Excellant EMI calculator and expert assistance available

    The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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    Fully Digital Process for Real.

    Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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    Gautam BakshiDec 3, 2025

    Lower Rate than My Own Bank

    Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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    Pre-approved offers with quick approval

    I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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    Same day approval. wow.

    The loan was approved the same day — super smooth and transparent process.

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    Multiple offers in Minutes

    Paisabazaar helped me compare multiple loan offers in minutes, and I got the best rate without any paperwork.

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    Itna Badhiya Rate and Service Hai!

    Apke yaha itna acha interest rate mil gya market mei sabse kum and service toh aur bhi achi h. thank you.

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    Best Interest Rate Offer

    Got the best interest rate on your website. Best assistance and seamless experience.

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    Best Marketplace to Shop for Loans

    Your website is the best to apply for a personal loan. Got my loan disbursed within 3 days. So easy and hassle-free.

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    Fast loan approval

    I got my loan approved within 24 hours. The process was fast, transparent, and reliable, exactly what I was looking for.

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