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2 Lakh Personal Loan

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Competitive Interest Rates

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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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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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

Rs. 2 lakh Personal Loan for Specific Needs

  • Personal loans are usually offered to meet the personal requirements of the applicants, such as, wedding, travel, home renovation, education, medical emergency, etc.
  • These loans cannot be used for any speculative purposes.
  • Select existing customers having a strong credit profile can avail pre-approved personal loans with minimal documentation and instant loan disbursal.
  • Personal loans are convenient during emergency situations owing to their nature of quick approval and faster disbursal.

Top Lenders Offering Rs. 2 Lakh Personal Loan in 2026

Bank/NBFCInterest Rates (% p.a.)Processing Fees
Aditya Birla Finance10.99 onwardsUp to 4%
Axis Bank9.99 onwards*Up to 2%
Bank of Baroda10.15-18.00Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited10.00-30.00Up to 3.93%
Bank of India10.85-16.15Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra8.75-13.55Up to 1% (Max. Rs. 10,000)
Canara Bank9.70-15.15Up to 0.5% (Max. Rs. 5000)
Central Bank of India9.85-11.65Up to 1%
Cholamandalam IFC10.00-28.004% - 6%
Dhani Loans & Services Ltd.13.99 onwards3% onwards
Federal Bank12.00 - 22.50*Up to 2%
HDB Financial Services10.00 - 35.00Up to 5.90%
HDFC Bank9.99 onwardsUp to Rs 6,500
Hero FincorpUp to 30*2.3% - 3%
HSBC Bank9.75 onwardsUp to 2%
ICICI Bank9.99 onwardsUp to 2%
IDFC FIRST Bank9.99 onwardsUp to 2%
IIFL Finance12.00 - 28.002% - 9%
Indian Overseas Bank10.25 onwardsUp to 0.75%
IndusInd Bank10.35 onwards*Up to 3.5%
Kotak Mahindra Bank9.98 onwards*Up to 5%
L&T Finance11.00 onwardsUp to 3%
Mahindra Finance8.00 - 25.002% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance18.00 - 24.001% of loan amount
Moneyview14.00 onwards2% onwards
Muthoot Finance13.50 onwardsVaries for each application
Piramal Finance12.14 onwardsUp to 5%
Poonawalla Fincorp9.99 onwardsUp to 3%
Punjab & Sind Bank9.60-13.850.50% - 1%
Punjab National Bank10.25-16.80Up to 1%
Shriram Finance11.00 onwardsUp to 5%
Tata Capital10.99 onwardsUp to 3.5%
UCO Bank9.95 - 13.20Up to 1% (Min. Rs. 750)
Union Bank of India8.75 - 12.55Up to 1% (Max. Rs. 7,500)

*Paisabazaar special rates


Note: Rates as of 1st June 2026

EMI Calculator for Rs. 2 Lakh Personal Loan

EMI calculator is an online financial tool used to calculate the EMIs and total interest cost payable throughout the loan tenure. All an applicant needs to do is to enter the loan amount, interest rate and loan tenure and get instant results.

Below-mentioned are the features of Personal Loan EMI Calculator by Paisabazaar for calculating the interest cost and EMIs of Rs. 2 lakh personal loan:

  • The calculator is available online 24*7.
  • It is free of cost.
  • It is fast and accurate.
  • Assesses the applicant’s loan affordability.
  • Helps them manage their EMIs as per their budget.

Eligibility Criteria to Get Rs. 2 Lakh Personal Loan

Below-mentioned is the eligibility criteria for salaried and self-employed applicants to get a personal loan through Paisabazaar:

Eligibility Criteria Salaried Self-employed
Age 18 - 60 years 21 - 65 years
EMI/NMI ratio 50 - 55% 50 - 55%
CIBIL score Preferably, 760 and above Preferably, 760 and above
Job Profile Salaried individuals employed with private and public sector companies Self-employed professionals and non-professionals
Work experience Usually 1 year Usually 3 years of business continuity

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Documents Required for Availing Rs. 2 lakh Personal Loan

Individuals applying for a personal loan of Rs. 2 lakh at Paisabazaar should be ready with the below-mentioned documents during loan application:

  • Duly filled application form with passport size photographs
  • ID proof - Aadhar card, PAN card, passport, driving license
  • Address proof - Utility bills, PAN card, Aadhar card, driving license, passport
  • Bank statements for last 6 months
  • Salary slips for last 3 months
  • Latest ITR for past 2 years

How to Get a Personal Loan of Rs. 2 Lakh Instantly

You can get an instant personal loan of Rs. 2 lakh through Paisabazaar by following the steps mentioned below:

  • Login to the Paisabazaar Personal Loan app.
  • Click on “Offers” icon on the dashboard and check for pre-approved offers matching your credit profile.
  • Opt for the most favourable offer and apply online.
  • The loan amount is disbursed in your account within a few minutes.

Compare Rs. 2 Lakh Loan Offers: Which Bank is the Best?

Personal loan offers with a lower loan cost are considered ideal. Lenders offering lower interest rates and eventually low overall loan cost should be opted by the prospective borrowers.

Lenders Interest Rates (p.a.) Tenure Total Loan Cost (Rs.)
Kotak Mahindra Bank 9.98% onwards Up to 6 years 2,66,627
Baja Finserv 10.00% onwards Up to 9 years 3,04,100
Tata Capital 10.99% Up to 6 years 2,74,017
Hero Fincorp Limited Up to 30% Up to 4 years 3,45,658
IndusInd Bank 10.49% onwards Up to 4 years 2,45,746
L&T Finance Limited 11.00% onwards Up to 6 years 2,74,091
Federal Bank 12.00% onwards Up to 5 years 2,66,933

Note: Offers may vary from one applicant to another. Do verify the offer before applying.

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

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

FAQs

Can I get a Rs. 2 lakh personal loan without salary slip?

You can get a personal loan of Rs. 2 lakh without a salary slip provided you disclose your bank statements and recent ITRs during loan application.

Which bank gives Rs. 2 lakh personal loan at lowest interest rate in 2026?

As of 6th May 2026, the lowest interest rate for Rs. 2 lakh personal loan is offered through Kotak Mahindra Bank at 9.98% p.a. onwards when applied through Paisabazaar. 

What is the EMI for Rs. 2 lakh loan @ 9.98% p.a. for 2 years?

The EMI for Rs. 2 lakh loan @ 9.98% p.a. for 2 years would be Rs. 9,227.

Can I get Rs. 2 lakh personal loan with 650 CIBIL score?

Yes, you can get a Rs. 2 lakh personal loan with a CIBIL score of 650 and above at Paisabazaar but at a higher interest rate.

How long does it take to get Rs. 2 lakh personal loan approved?

It usually takes around 2 - 7 working days for a personal loan to get approved. Pre-approved personal loans come with near-instant loan disbursal.

What is the minimum salary to get Rs. 2 lakh personal loan?

Prospective borrowers should have a minimum salary of Rs. 15,000 to Rs. 20,000 per month to get a personal loan of Rs. 2 lakh. 

Can I get Rs. 2 lakh personal loan instantly online?

If you are a pre-approved customer, you can get Rs. 2 lakh personal loan instantly with minimal documentation.

Is Rs. 2 lakh personal loan available for self-employed?

Yes, Rs. 2 lakh personal loan is available for self-employed individuals.

What documents do I need for Rs. 2 lakh loan?

You need your ID proof, address proof, income proof, bank statement and ITRs during the personal loan application.

Can I prepay Rs. 2 lakh personal loan without any charges?

Personal loans are usually offered at fixed interest rates. Hence, a prepayment fees is levied on the applicants. For floating interest rates, no prepayment fees is applicable. 

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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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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
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Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

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%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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