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| Interest rates | Starting from 9.98% p.a. onwards |
| Tenure | Usually up to 5 years |
| Type of loan | Unsecured loan, no collateral needed |
| Processing fee | Usually up to 4% of the loan amount |
| Usage | For personal loans with no end-usage restriction, except for speculative purposes |
| Pre-approved offers | Available |
Check personalised personal loan offers on Paisabazaar with interest rates starting from 9.98% p.a.
The table below provides an exhaustive list of lenders in India providing a Rs. 10 lakh personal loan in 2026.
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Finance | 10.99 onwards | Up to 4% |
| Axis Bank | 9.99 onwards* | Up to 2% |
| Bank of Baroda | 10.15-18.00 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 10.00-30.00 | Up to 3.93% |
| Bank of India | 10.85-16.15 | Up to 1% (Min. Rs. 250; Max. Rs. 15,000) |
| Bank of Maharashtra | 8.75-13.55 | Up to 1% (Max. Rs. 10,000) |
| Canara Bank | 9.70-15.15 | Up to 0.5% (Max. Rs. 5000) |
| Central Bank of India | 9.85-11.65 | Up to 1% |
| Cholamandalam IFC | 10.00-28.00 | 4% - 6% |
| Dhani Loans & Services Ltd. | 13.99 onwards | 3% onwards |
| Federal Bank | 12.00 - 22.50* | Up to 2% |
| HDB Financial Services | 10.00 - 35.00 | Up to 5.90% |
| HDFC Bank | 9.99 onwards | Up to Rs 6,500 |
| Hero Fincorp | Up to 30* | 2.3% - 3% |
| HSBC Bank | 9.75 onwards | Up to 2% |
| ICICI Bank | 9.99 onwards | Up to 2% |
| IDFC FIRST Bank | 9.99 onwards | Up to 2% |
| IIFL Finance | 12.00 - 28.00 | 2% - 9% |
| Indian Overseas Bank | 10.25 onwards | Up to 0.75% |
| IndusInd Bank | 10.35 onwards* | Up to 3.5% |
| Kotak Mahindra Bank | 9.98 onwards* | Up to 5% |
| L&T Finance | 11.00 onwards | Up to 3% |
| Mahindra Finance | 8.00 - 25.00 | 2% of loan amount or Rs. 5,000, whichever is lower |
| Mannapuram Finance | 18.00 - 24.00 | 1% of loan amount |
| Moneyview | 14.00 onwards | 2% onwards |
| Muthoot Finance | 13.50 onwards | Varies for each application |
| Piramal Finance | 12.14 onwards | Up to 5% |
| Poonawalla Fincorp | 9.99 onwards | Up to 3% |
| Punjab & Sind Bank | 9.60-13.85 | 0.50% - 1% |
| Punjab National Bank | 10.25-16.80 | Up to 1% |
| Shriram Finance | 11.00 onwards | Up to 5% |
| Tata Capital | 10.99 onwards | Up to 3.5% |
| UCO Bank | 9.95 - 13.20 | Up to 1% (Min. Rs. 750) |
| Union Bank of India | 8.75 - 12.55 | Up to 1% (Max. Rs. 7,500) |
*Paisabazaar special rates
Note: Rates as of 1st July 2026
Eligibility criteria for a Rs. 10 lakh loan, most banks and NBFCs generally require:
Here are the basic documents needed to apply for a Personal loan of Rs. 10 lakh:
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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:
Note: A credit score of 760+ can help you secure the best personal interest rates. Maintaining a good credit score is essential to accessing better loan terms.
You can increase your chances of approval with these simple practices:
Here's a sample EMI calculation for a loan of Rs. 10 lakh for different tenures and interest rates:
| 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.
A personal loan of Rs. 10 lakh offers multiple benefits to borrowers, including:
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:
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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 approx.
A minimum salary of Rs. 15,000 is required to avail a personal loan in India. However, for a Rs. 10 lakh personal loan the requirement may be higher and vary for different lenders.
You may become eligible for the Rs. 10 lakh loan with 720 credit score at Paisabazaar. However, the interest rate offered can be high and you may have to adhere to stringent loan terms.
The processing fee for Rs. 10 lakh personal loan may range from 0.5% to 4% of the loan amount. During festive seasons, lenders offer personal loans with low/no processing fees, making it an beneficial time to opt for a personal loan.
This may vary across lenders and require you to provide alternatives to assess your repayment capacity. Additionally, you would also be required to maintain a strong credit score and profile.
With end-to-end digital process and minimal documentation, approval time is quick at Paisabazaar. Applicants can get loan approval within hours, if he or she fulfills all eligibility criteria.
For a personal loan, the majority of lenders prefer a credit score of 760 or above. Consider utilizing Paisabazaar Credit+ services if your score is below 760 to build your credit profile and improve your chances of approval.
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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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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*
