20 Lakh Personal Loan

Name: Rs 20 Lakh Personal Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Apply for a personal loan of Rs 20 lakh through paisabazaar. Check the interest rates and other offers by various lenders. Explore the pre-approved offers by our partner lenders and apply according to your requirements.

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Get up to ₹1,000*

Voucher on disbursal

Valid till 15^th September '25

Valid till 15^th September '25*T&C Apply

Check Personal Loan Offers Online

By submitting this form, you have read and agree to the Credit Report Terms of Use, Terms of Use & Privacy Policy

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Personal Loan EMI Calculator

Amount

₹

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

Amount

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

₹

50K50L

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

Find Best Personal Loan Offers

Sort by:

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 ₹40L

Rate of Interest9.99% - 17.15%

Tenure upto1-5 Years

Processing Fee1% - 1.5%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest10.5% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

Quick Links

Interest Rates

Eligibility Criteria

Documents Required

EMI for Rs 20 Lakh Personal Loan

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

Interest Rates for Rs 20 Lakh Personal Loan

Individuals applying for a personal loan of Rs 20 lakh can avail interest rates starting from 9.99% p.a. Some PSU banks might offer personal loans at a lower interest rate as well. The interest rates are offered depending on the credit profile of the applicants.

Eligibility Criteria of Individuals Availing a Personal Loan of Rs 20 Lakh

Below mentioned is the eligibility criteria of personal loan applicants set by banks and NBFCs.

The minimum age of the applicant at the time of loan application should be 18 years and the maximum age at the time of loan maturity should be 60 years.
Minimum monthly income of eligible applicants should be Rs 25,000.
Salaried and self-employed individuals are eligible for personal loan of Rs 20 lakh.
Applicants having a credit score of 750 and above usually have higher chances of availing personal loan at lower interest rates.
Applicant should have an EMI/NMI ratio of up to 55% including the EMI of the existing loan and proposed loan.

Documents Required for Personal Loan of Rs 20 Lakh

Applicants should have the below-mentioned documents during personal loan application:

KYC documents- ID proof and address proof
Bank statement for last 6 months
Salary slip for last 3 months

EMI for Rs 20 Lakh Personal Loan

Personal loan applicants can use the online Personal Loan EMI Calculator to calculate the EMI and interest cost payable throughout the loan tenure. Below-mentioned is the EMI of Rs 20 lakh personal offered for various tenures at 9.99% p.a.

Tenure	Loan Amount (Rs)	Interest Rate (p.a.)	EMI (Rs)
1 year	2000000	9.99%	1,75,822
2 years	2000000	9.99%	92,281
3 years	2000000	9.99%	64,525
4 years	2000000	9.99%	50,716
5 years	2000000	9.99%	42,484

Swipe to see more table data

Avail Personal Loan For
All Your Needs

Fees and Charges on Rs 20 Lakh Personal Loan

Processing Charges- Up to 4% of loan amount
Prepayment Fees- Up to 5% of the outstanding loan amount
Penal Charges- Up to 2% p.a.
EMI Bounce Charges- Rs 400

Apply for Personal Loan as per Your Loan Amount Needs

1 Lakh Personal Loan	2 Lakh Personal Loan
4 Lakh Personal Loan	5 Lakh Personal Loan
6 Lakh Personal Loan	10 Lakh Personal Loan
15 Lakh Personal Loan	3 Lakh Personal Loan
30 Lakh Personal Loan	40 Lakh Personal Loan
50 Lakh Personal Loan	75 Lakh Personal loan

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

Personal loan applicants availing a loan amount of Rs 20 lakh are offered a minimum interest rate of 9.99% p.a.

The total interest cost of 20 lakh personal loan offered at 9.99% p.a. for 3 years would be Rs 3,22,899.

The EMI of Rs 20 lakh personal loan offered at 11% p.a.for tenure of 5 years would be 43,485.

You can apply for a personal loan of Rs 20 lakh either through the official website of banks and NBFCs or through their mobile app. Applicants can also visit Paisabazaar app to compare the rates and other offers by various lenders and apply for the personal loan of Rs 20 lakh.

Personal Loan Articles

Importance of No Dues Certificate in Personal Loan Closure

Paisabazaar02 Sept 2025

Loan rejected despite high income? Here’s what you need to know

Paisabazaar19 Aug 2025

Personal Loan for First Time Borrowers: What Customers Must Know

Paisabazaar04 Aug 2025

How I Saved Rs 22,000 on My Personal Loan through Prepayment

Bhumika Khandelwal31 Jul 2025

How Have Personal Loans Advanced Over the Past few Years

Paisabazaar17 Jul 2025

Factors To Consider While Selecting a Personal Loan Lender

Paisabazaar16 Jul 2025

Instant Personal Loan Apps: Avoid These 5 Pitfalls

Bhumika Khandelwal16 Jul 2025

Reasons for Delay in Personal Loan Processing

Paisabazaar09 Jul 2025

APR vs Interest Rate in Personal Loans: What’s the Difference?

Bhumika Khandelwal07 Jul 2025

Tips to Choose an Ideal Personal Loan Tenure

Paisabazaar07 Jul 2025

View All Articles

What our customers say

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

Kirti MadaanMar 17, 2025

Loan for Home Renovation

Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

Rohit GuptaMar 7, 2025

Personal Loan

Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

Tarun RaghavJan 21, 2025

Took a personal loan

I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

Palvika PanchalJan 6, 2025

Personal Loan via Paisabazaar

Got a personal loan via Paisabazaar—super easy & quick! Kunal from sales was super helpful, explained everything well. Highly recommend! ?

DeshmukhDec 19, 2024

Loan for Medical Emergency

Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

Ashok KumarDec 13, 2024

Personal Loan

Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

Deepak KumarDec 10, 2024

View All Testimonials

People also looking for

Last updated: 5 September, 2025

Reviewed By

Vandana Punj

Written By

Shamik Ghosh

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

*Applicable for selected customers

20 Lakh Personal Loan

Paisabazaar Exclusive Benefits

Personal Loan EMI Calculator

Your Monthly EMI Payment

Find Best Personal Loan Offers

Quick Links

How Can I Apply for a Personal Loan Online?

Interest Rates for Rs 20 Lakh Personal Loan

Eligibility Criteria of Individuals Availing a Personal Loan of Rs 20 Lakh

Documents Required for Personal Loan of Rs 20 Lakh

EMI for Rs 20 Lakh Personal Loan

Fees and Charges on Rs 20 Lakh Personal Loan

Apply for Personal Loan as per Your Loan Amount Needs

How Can I Apply for a Personal Loan Online?

FAQs

What is the interest rate offered to personal loan applicants availing a loan amount of Rs 20 lakh?

What is the total interest cost of Rs 20 lakh personal loan offered at 9.99% p.a. for tenure of 3 years?

What is the EMI of Rs 20 lakh personal loan at 11% p.a. for tenure of 5 years?

How to apply for personal loan of Rs 20 lakh?

Personal Loan Articles

What our customers say

People also looking for

Disclaimer