- 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.
2 Lakh Personal Loan
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65+Lending Partners
₹65k Cr+Loans Disbursed
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 Fee₹ 6,500
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?



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
Rs. 2 lakh Personal Loan for Specific Needs
Top Lenders Offering Rs. 2 Lakh Personal Loan in 2026
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Finance | 10.99 onwards | Up to 4% |
| Axis Bank | 9.99 onwards* | Up to 2% |
| Bank of Baroda | 10.15-18.00 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 10.00-30.00 | Up to 3.93% |
| Bank of India | 10.85-16.15 | Up to 1% (Min. Rs. 250; Max. Rs. 15,000) |
| Bank of Maharashtra | 8.75-13.55 | Up to 1% (Max. Rs. 10,000) |
| Canara Bank | 9.70-15.15 | Up to 0.5% (Max. Rs. 5000) |
| Central Bank of India | 9.85-11.65 | Up to 1% |
| Cholamandalam IFC | 10.00-28.00 | 4% - 6% |
| Dhani Loans & Services Ltd. | 13.99 onwards | 3% onwards |
| Federal Bank | 12.00 - 22.50* | Up to 2% |
| HDB Financial Services | 10.00 - 35.00 | Up to 5.90% |
| HDFC Bank | 9.99 onwards | Up to Rs 6,500 |
| Hero Fincorp | Up to 30* | 2.3% - 3% |
| HSBC Bank | 9.75 onwards | Up to 2% |
| ICICI Bank | 9.99 onwards | Up to 2% |
| IDFC FIRST Bank | 9.99 onwards | Up to 2% |
| IIFL Finance | 12.00 - 28.00 | 2% - 9% |
| Indian Overseas Bank | 10.25 onwards | Up to 0.75% |
| IndusInd Bank | 10.35 onwards* | Up to 3.5% |
| Kotak Mahindra Bank | 9.98 onwards* | Up to 5% |
| L&T Finance | 11.00 onwards | Up to 3% |
| Mahindra Finance | 8.00 - 25.00 | 2% of loan amount or Rs. 5,000, whichever is lower |
| Mannapuram Finance | 18.00 - 24.00 | 1% of loan amount |
| Moneyview | 14.00 onwards | 2% onwards |
| Muthoot Finance | 13.50 onwards | Varies for each application |
| Piramal Finance | 12.14 onwards | Up to 5% |
| Poonawalla Fincorp | 9.99 onwards | Up to 3% |
| Punjab & Sind Bank | 9.60-13.85 | 0.50% - 1% |
| Punjab National Bank | 10.25-16.80 | Up to 1% |
| Shriram Finance | 11.00 onwards | Up to 5% |
| Tata Capital | 10.99 onwards | Up to 3.5% |
| UCO Bank | 9.95 - 13.20 | Up to 1% (Min. Rs. 750) |
| Union Bank of India | 8.75 - 12.55 | Up 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:
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 |
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
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:
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:
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
Explore Our Personal Loan Lenders
Avail Personal Loan for
All Your Needs

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.
Personal Loan Articles
View All ArticlesPaisabazaar 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%.
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