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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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Valid till 31st March '26*T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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15.5L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Curated offers from 30+ lenders

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Digital Process

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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%
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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

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.

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

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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

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

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.

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What our customers say

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

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

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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Shamik Ghosh

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