Personal Loan of Rs. 10 lakh

Name: Personal Loan of Rs. 10 lakh
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

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.

Loans in Minutes

Get instant approvals and disbursals

Competitive Interest Rates

Get competitive personal loan interest rates

Everything Digital

End-to-end digital journey

Zero Processing Fees

Enjoy zero processing fees

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Get up to ₹1,000*

Voucher on disbursal

Valid till 30^th September '25

Valid till 30^th September '25*T&C Apply

Check Personal Loan Offers Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Loans in Minutes

Get instant approvals and disbursals

Competitive Interest Rates

Get competitive personal loan interest rates

Everything Digital

End-to-end digital journey

Zero Processing Fees

Enjoy zero processing fees

Personal Loan EMI Calculator

Amount

₹

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

Amount

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

₹

50K50L

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

Find Best Personal Loan Offers

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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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Why Choose a Loan of Rs. 10 Lakh

Eligibility Criteria

Documents Required

Interest Rate

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

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

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

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.

Avail Personal Loan For
All Your Needs

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.

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

Avail Personal Loan For
All Your Needs

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

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

Kirti MadaanMar 17, 2025

Loan for Home Renovation

Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

Rohit GuptaMar 7, 2025

Personal Loan

Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

Tarun RaghavJan 21, 2025

Took a personal loan

I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

Palvika PanchalJan 6, 2025

Personal Loan via Paisabazaar

Got a personal loan via Paisabazaar—super easy & quick! Kunal from sales was super helpful, explained everything well. Highly recommend! ?

DeshmukhDec 19, 2024

Loan for Medical Emergency

Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

Ashok KumarDec 13, 2024

Personal Loan

Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

Deepak KumarDec 10, 2024

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Last updated: 15 September, 2025

Reviewed By

Vandana Punj

Written By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Personal Loan of Rs. 10 lakh

Paisabazaar Exclusive Benefits

Personal Loan EMI Calculator

Your Monthly EMI Payment

Find Best Personal Loan Offers

Quick Links

How Can I Apply for a Personal Loan Online?

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

Eligibility Criteria for a Rs. 10 Lakh Personal Loan

Documents Required

Interest Rate on Rs. 10 Lakh Loan

Fees & Charges for 10 Lakh Loan

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

EMI Calculation for Rs. 10 Lakh Personal Loan

Benefits of Choosing a Rs 10 Lakh Loan through Paisabazaar

How a ₹10 Lakh Loan Impacts Your Credit Score

Positive Impact

Negative Impact

How Can I Apply for a Personal Loan Online?

FAQs

What is the EMI for a Rs. 10 lakh personal loan?

How can I arrange Rs. 10 lakh immediately?

Which bank is best for a personal loan?

What is the required CIBIL score for Rs. 10 lakh loan?

Can I get a Rs. 10 lakh personal loan without documents?

Personal Loan Articles

What our customers say

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