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Personal Loan of Rs. 2 Lakh

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Valid till 30th April '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹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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Compare & Choose the Best Offer

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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

Rs. 2 Lakh Loan Interest Rate

The interest rate for a Rs. 2 lakh loan usually varies between 9.98% and 24%, depending on your eligibility. Factors such as your income, credit score, and the duration of the loan will influence the specific interest rate for your loan.

Tips to get a lower interest rate:

  • Maintain a Good Credit Score

Your credit score is one of the most crucial factors considered by lenders. Having a higher credit score will fetch you a lower interest rate.

  • Choose a Shorter Tenure

Opting for lower EMIs over extended periods might lessen the monthly financial strain, yet the overall repayment amount rises considerably. Selecting a shorter tenure greatly diminishes the interest expense, assuming your monthly budget can accommodate essential financial objectives.

  • Compare and Apply:

It’s best to always compare interest rates across lenders at Paisabazaar before making the final choice.

  • Maintain a good repayment history:

Lenders trust borrowers with a clean repayment track record. Paying your credit card bills in full and clearing any existing loans will increase your chances of attracting a lower interest rate on your personal loan.

Other Charges to Keep in Mind

In addition to the interest rate, there are various fees and charges you will need to consider for your two-lakh loan amount. Here's a look at the typical fees and charges imposed by lenders:

  • Processing Fees: Can go up to 4% of the loan sum
  • Prepayment and Foreclosure Charges: May reach up to 5% of the remaining loan balance
  • Late EMI payment fees: Range from 1% to 2% per annum on the overdue EMI amount
  • Stamp Duty Charges: As per actuals

Eligibility Criteria for Personal Loan of Rs. 2 Lakh

Take a look at the common eligibility criteria for a personal loan:

  • The applicant should be aged between 21 and 60
  • A credit score of typically 750 or higher is preferred.
  • Income requirements are as follows:
    • For salaried individuals: A minimum net monthly income of Rs. 15,000.
    • For self-employed individuals: An annual income of at least Rs. 3 lakh.
  • Work stability of at least 1 year in the current job or business.

Documents Checklist for 2 Lakh Loan

  • Aadhaar, PAN, Passport, Voter ID for identification
  • Aadhaar, Utility Bill, Passport for address proof
  • Last 3 months’ salary slips for salaried individuals
  • ITR (last 1–2 years) for self-employed individuals
  • Last 6 months of bank statements
  • Passport-Size Photographs

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What is the EMI for a Rs. 2 lakh personal loan?

Here’s an estimated EMI breakdown for a Rs. 2 lakh personal loan at 11.00% p.a. interest from 1-year to 5-year tenures:-

Tenure EMI Total Interest Total Payable
1 year Rs 17,676 Rs 12,116 Rs 2,12,116
2 years Rs 9,322 Rs 23,718 Rs 2,23,718
3 years Rs 6,548 Rs 35,719 Rs 2,35,719
4 years Rs 5,169 Rs 48,117 Rs 2,48,117
5 years Rs 4,348 Rs 60,909 Rs 2,60,909

Rs. 2 Lakh in Just a Few Steps

Applying for a personal loan of Rs. 2 lakh shouldn’t be a task. Here’s how you can apply for a Rs. 2 lakh personal loan in simple, quick steps:

Step 1: Visit Paisabazaar on the web or app.

Step 2: Fill in your mobile number in the application form.

Step 3: Provide your personal details.

Step 4: Enter OTP to verify your mobile number.

Step 5: Select the loan amount and loan purpose.

Scroll, compare and choose from a variety of loan offers at Paisabazaar in just a few clicks.

Loan Usage: Where Can You Use the Funds?

You can use your personal loan of Rs. 2 lakh for various legitimate activities, including:

  • Travel: Taking that dream vacation
  • Education expenses: Paying for your higher studies
  • Marriage expenses: Covering wedding-related expenses
  • Emergencies: Any unforeseen situations like medical emergencies, instant cash requirements, etc.

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

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
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FAQs

You can quickly secure a personal loan of Rs. 2 lakh by applying online via platforms such as Paisabazaar, which provide instant approvals from various lenders. Make sure your documents are prepared and your credit score is good to facilitate quicker disbursal.

Your EMI will depend on the interest rate of your loan. For instance, if your loan has an interest rate of 11% per annum, your Rs. 2 lakh loan monthly EMI will be approximately Rs.4,348.

For a Rs. 2 lakh loan, interest rates usually start at 9.98% p.a. Factors like your income, duration of the loan, credit score, and others will influence the precise interest rate for your loan.

You can visit the personal loan section on the Paisabazaar website to discover and apply for the personal loan that suits your requirements the best.

Certainly, self-employed individuals can also apply for a personal loan of Rs. 2 lakh, even if they are not receiving a salary.

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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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