Personal Loan of Rs. 15 Lakh

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

Loans in Minutes

Borrow at Best

Everything Digital

Lightweight Process

Loans in Minutes

Borrow at Best

Everything Digital

Lightweight Process

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Apply Personal Loan Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

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 ₹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

Many lenders provide pre-approved or instant personal loan offers to eligible customers, especially those with a strong credit history. These loans are often disbursed within a few hours to 1-2 working days, making them ideal for urgent high-ticket needs.

You can apply for a Rs. 15 lakh loan through a bank, NBFC, or at Paisabazaar. At Paisabazaar, users can compare interest rates, loan features, and eligibility criteria from multiple lenders, helping them choose the most suitable option based on their credit score, income, and employment profile.

Most lenders require a minimum monthly salary of Rs. 15,000 per month for any personal loan scheme. For higher loan amounts, lenders may set higher minimum income eligibility criteria.

At an interest rate of 11.50% p.a., the EMI for a Rs. 15 lakh personal loan over 5 years (60 months) would be approximately Rs. 32,989 per month.

Most lenders require income proof (salary slips, ITR, or bank statements) to assess repayment capacity. However, some NBFCs may consider minimum or no documentation on pre-approved offers.

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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.

Mohit YadavDec 3, 2025

Fully Digital Process for Real.

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

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.

Shivani SuryaDec 3, 2025

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.

Suraj VermaDec 3, 2025

Same day approval. wow.

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

Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

SunnyDec 3, 2025

Multiple offers in Minutes

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

Ankita BajajDec 3, 2025

Transparent Process and Multiple Options

Transparent process with detailed breakdown of EMIs and charges. Felt confident choosing a lender after comparing multiple offers.

Akaash SinghDec 3, 2025

Custom Loans to Suit your Needs

Paisabazaar showed offers tailored to my salary and credit profile. I got the loan I needed without long processing delays.

Asha NegiDec 3, 2025

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.

Mohit SinghDec 2, 2025

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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

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

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