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Personal Loan of Rs. 15 Lakh

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Valid till 30th April '26 *T&C Apply
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Get up to ₹50 Lakhs starting at 9.98%

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₹65k Cr+Loans Disbursed
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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 Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?
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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

Apply Now

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.

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

Apply Now

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All Your Needs

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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

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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