Personal Loan of Rs. 15 Lakh

Name: Rs 15 Lakh Personal Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

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.

Loans in Minutes

Get instant approvals and disbursals

Borrow at Best

Get the best personal loan interest rate

Everything Digital

End-to-End Digital Journey

Lightweight Process

Easy application with minimum paperwork

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 15^th November '25

Valid till 15^th November '25*T&C Apply

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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

Borrow at Best

Get the best personal loan interest rate

Everything Digital

End-to-End Digital Journey

Lightweight Process

Easy application with minimum paperwork

Find Best Personal Loan Offers

Sort by:

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?

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

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

Avail Personal Loan For
All Your Needs

FAQs

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency & need funds instantly I applied for loan at Paisabazaar & see I have a pre approved offers & apply to it & amount disbursed in 48 hours thanks to paisabazaar teams

Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn'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.

Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

Pankaj SinhaSep 22, 2025

View All Testimonials

Written By

Vandana Punj

Reviewed 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. 15 Lakh

Paisabazaar Exclusive Benefits

Find Best Personal Loan Offers

Quick Links

How Can I Apply for a Personal Loan Online?

Personal Loan Interest Rate

Fees and Charges to Know

Eligibility Criteria for Rs. 15 Lakh Loan

Documents Required for Rs. 15 Lakh Personal Loan

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

Tips to Get a Rs. 15 Lakh Loan Without Hassle

Paisabazaar: Your Go-To Platform for Loans

How Can I Apply for a Personal Loan Online?

FAQs

How Can You Get Rs. 15 Lakh Personal Loan Instantly?

How can I get a Rs. 15 lakh personal loan?

How much salary is required for a personal loan of Rs. 15 lakh?

What is the EMI for a Rs. 15 lakh personal loan for 5 years?

Can I get a personal loan without income proof?

Which bank offers the lowest interest rate on a Rs 15 lakh personal loan?

Can I get a Rs. 15 lakh loan with a 650 CIBIL score?

How long does it take to get a Rs. 15 lakh loan?

Personal Loan Articles

What our customers say

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