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Personal Loan of Rs. 15 Lakh

If you are in need of a large cash amount, a personal loan of Rs. 15 lakh might just be the right fit. Whether you’re planning a major home renovation, funding higher education abroad or managing medical emergencies, Rs. 15 lakh personal loan can cover your big-ticket expenses. Easily compare personal loan offers from top banks and NBFCs through Paisabazaar.

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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

Personal Loan Interest Rate

The interest rate for a Rs. 15 lakh personal loan starts at 9.98% p.a. Factors such as your age, credit score, employment type, loan tenure, and more will influence the final personal loan interest rate offered to you.

Fees and Charges to Know

  • Processing Fees: Usually 0.5% to 4% of the loan amount
  • Stamp Duty Charges: As applicable by state
  • Legal Charges: At actuals
  • Late EMI Charges: Approximately 24% p.a.

Eligibility Criteria for Rs. 15 Lakh Loan

Listed below are the common personal loan eligibility criteria.

  • Age: 21 to 60 years
  • Work Stability: At least 1 year in current job for salaried and minimum 3 years of business vintage for self-employed
  • Income Requirement: For a personal loan of Rs. 15 lakh, the income requirement will be higher. Lenders require the applicant's EMI-to-income ratio to be within 50-55%.
  • Credit Score: 750+ is usually preferred

Documents Required for Rs. 15 Lakh Personal Loan

The application process is simple, and with the right documents in place, approvals and disbursals are typically quick. Listed below are the required documents for a personal loan.

  • Identity Proof: PAN, Passport, Aadhaar Card, Voter ID
  • Address Proof: Aadhaar Card, Utility Bill, Passport
  • Income Proof:
    • Salaried: Last 3 months’ salary slips
    • Self-Employed: ITR (last 1–2 years)
    • Last 6 months’ bank statements
    • Passport Size Photographs

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EMI & Interest Breakdown for Rs. 15 Lakh Personal Loan (1–5 Year Tenures)

Have a look at the EMI for a personal loan of Rs. 15 lakh at 11.50% p.a. interest from 1 year to 5 years tenures:-

Tenure EMI Total Interest Total Payable
1 year Rs. 1,32,923 Rs. 95,071 Rs. 15,95,071
2 years Rs. 70,260 Rs. 1,86,251 Rs. 16,86,251
3 years Rs. 49,464 Rs. 2,80,704 Rs. 17,80,704
4 years Rs. 39,134 Rs. 3,78,409 Rs. 18,78,409
5 years Rs. 32,989 Rs. 4,79,335 Rs. 19,79,335

Tip: Always use an online personal loan EMI calculator to plan better.

Swipe to see more table data

Tips to Get a Rs. 15 Lakh Loan Without Hassle

A few smart steps can improve your chances of personal loan approval:

  • Maintain a high credit score since lenders are more likely to trust you if your score is higher than 750.
  • Lower your debt-to-income (DTI) ratio. Clear existing dues to show better repayment capacity.
  • Make prudent use of your credit cards. To demonstrate financial discipline, keep your credit utilization low.
  • Always make on-time bill and EMI payments. Having a spotless payback record increases your credibility.
  • Show steady employment. Long-term work experience and steady income will help you land better offers.

A Rs. 15 lakh personal loan can be a practical way to fund major expenses or long-term goals provided you have a solid repayment plan.

If you’re looking for a smaller amount, check our Rs. 10 Lakh Personal Loan or Rs. 5 Lakh Personal Loan pages for details.

Paisabazaar: Your Go-To Platform for Loans

Today, Paisabazaar is trusted by millions across India for simple, smart and fast credit access. Here’s why:

  • Multiple Loan Offers- All in One Place
  • A to Z Digital Process
  • Pre-Approved Offers
  • Competitive Interest Rates
  • 360 degree Support
  • Quick Approvals and Disbursals
  • Free Credit 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

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FAQs

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What our customers say

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

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

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 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
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