| Feature | Details |
|---|---|
| Loan Amount | 5 Lakh |
| Interest Rate | 9.98% - 44% p.a. |
| Repayment Tenure | 12 - 84 months |
| Processing Fee | 0% - 4% of loan amount |
| Disbursal Time | Within 24 hours |
| CIBIL Score Required | 700+ (760+ for best rates) |
| Collateral Required | None (Unsecured) |
| Minimum Salary | Rs 25000 |
| Prepayment Charges | 0% - 5% (lender-specific) |
5 Lakh Personal Loan
15.6L Reviews
Get ₹5 Lakh Loan
at 9.98%* p.a.
Compare 30+ Lenders instantly
with no physical paperwork.
Get funds in 24 hours
with instant pre-approval.
Check eligibility
with zero impact on your credit score.

Find Best Personal Loan Offers
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
Key Features of a ₹5 Lakh Personal Loan
Paisabazaar 5 Lakh Personal Loan – Compare Top Lenders & Apply Online
| 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 11th June 2026
Rs. 5 Lakh Personal Loan EMI Calculator - Monthly EMI at Every Rate
A personal loan EMI calculator is an online financial tool that allows the applicants to calculate their EMIs and total interest cost payable throughout the loan tenure. Personal loan EMI depends on the interest rate, loan amount and loan tenure.
Paisabazaar’s Personal Loan EMI Calculator assesses the loan affordability of the applicants and allows them to manage their EMIs as per their budget.
Personal Loan EMIs for Rs. 5 lakh at Different Interest Rates
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 5 lakh | 9.98% | 5 years | 10,619 | 1,37,116 |
| 5 lakh | 12.00% | 5 years | 11,122 | 1,67,333 |
| 5 lakh | 15.00% | 5 years | 11,895 | 2,13,698 |
Personal Loan EMIs for Rs. 5 lakh for Different Tenures
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 5 lakh | 9.98% | 2 years | 23,068 | 5,53,628 |
| 5 lakh | 9.98% | 3 years | 16,129 | 5,80,640 |
| 5 lakh | 9.98% | 5 years | 10,619 | 1,37,116 |
Eligibility: Who Can Get Rs. 5 Lakh Personal Loan?
The eligibility criteria set by the personal loan lenders to avail a personal loan of Rs. 5 lakh through Paisabazaar is as follows:
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
Rs. 5 lakh Personal Loan for Salaried v/s Self-employed
| Salaried | Self-employed |
|---|---|
| Low credit risk. | High credit risk. |
| Easy availability due to consistent income and stable job. | Challenging to avail due to inconsistent income and unstable job. |
| Offered at lower interest rates. | Interest rates are comparatively higher. |
| Pre-approved offers available. | Pre-approved offers might not be available. |
| All banks and NBFCs are ready to offer 5 lakh personal loan. | Usually, banks and NBFCs offer approve these loans but at relatively stricter loan terms. |
Documents Required for Rs. 5 lakh Personal Loan
Below-mentioned are the documents required to avail a personal loan of Rs. 5 lakh:
How to Apply for Rs. 5 Lakh Personal Loan Online Step by Step
You can apply for a personal loan through Paisabazaar in the following steps:
Rs. 5 Lakh Loan With Low CIBIL Score - Is It Possible?
Yes, it is possible to avail a personal loan of Rs. 5 lakh with a low CIBIL score. Applicants having a credit score below 760 also can get their personal loans approved through Paisabazaar. However, these applicants with a lower credit score are usually considered credit risky by the lenders and may not get the best offers.
Most top private and public sector banks usually reject the loan applications of individuals with a low credit score. However, many NBFCs and fintech lenders are open to offering personal loans to individuals with a low credit score. However, the interest rates offered are very high.
Explore Our Personal Loan Lenders
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
Top Banks Offering 5 Lakh Personal Loan
FAQs
What is the EMI for Rs. 5 lakh personal loan @ 10% p.a. for 3 years?
The EMI for Rs. 5 lakh personal loan @ 10% p.a. for 3 years would be Rs. 16,134.
Which bank gives Rs. 5 lakh personal loan at lowest rate in 2026?
As of 5th May 2026, Kotak Mahindra Bank offers lowest interest rates for a personal loan of Rs. 5 lakh. However, some PSU banks might offer slightly lower interest rates depending on the credit profile of the applicants.
Can I get Rs. 5 lakh personal loan with 700 CIBIL score?
You can get a personal loan of Rs. 5 lakh with a CIBIL score of 700, but at a higher interest rate.
What is the minimum salary required for Rs. 5 lakh personal loan?
The minimum salary required to avail a personal loan of Rs. 5 lakh is Rs. 25,000.
Can I get Rs. 5 lakh loan instantly without documents?
If you are eligible for a pre-approved personal loan, you can get instant personal loan of Rs. 5 lakh with no or minimal documentation.
What is the processing fee for Rs. 5 lakh personal loan?
The processing fee for a personal loan of Rs. 5 lakh may cost up to 4% of the loan amount.
Is Rs. 5 lakh personal loan available for self-employed without ITR?
No, it is mandatory to have an ITR if a self-employed individual is applying for a personal loan.
How long does it take to approve Rs. 5 lakh personal loan?
Lenders usually take around 2 - 7 working days to approve personal loans of Rs. 5 lakh.
Can I get Rs. 5 lakh loan with bad CIBIL score?
Individuals with a poor CIBIL score find it difficult to get a personal loan of Rs. 5 lakh. Ideally, you should first work to improve your credit score and apply for a loan only when it is good enough for loan approval.
Which is better - SBI or HDFC for Rs. 5 lakh personal loan?
Offers for different borrowers vary from different lenders. The lender that offers better rates and terms, and a lower loan cost is better.
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%.
Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001
Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*








