Individuals applying for a personal loan of Rs 20 lakh can avail interest rates starting from 9.98% 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.
20 Lakh Personal Loan
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.
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Check Personal Loan Offers Online
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
Find Best Personal Loan Offers
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 Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
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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
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.
Documents Required for Personal Loan of Rs 20 Lakh
Applicants should have the below-mentioned documents during personal loan application:
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
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?
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
HDFC BANK
Axis Bank
Kotak Mahindra Bank
ICICI Bank
Federal Bank
IDFC First Bank
Indusind Bank
RBL Bank
Tata CapitalFAQs
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What our customers say
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Shamik GhoshPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
*Applicable for selected customers