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5 Lakh Personal Loan

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Get Cashback of 1,000* on Loan Disbursal
Valid till 31st May '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Wide Choice

Curated offers from 30+ lenders

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Quick Disbursal

Money in your account instantly

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SmartMatch

Offers ranked according to eligibility

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Digital Process

Hassle-free & paperless

Find Best Personal Loan Offers

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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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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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. 5 Lakh Personal Loan Highlights

Interest Rate 9.98% p.a. onwards
Tenure Up to 9 years
Processing Fee Up to 4% of the loan amount

Paisabazaar 5 Lakh Personal Loan – Compare Top Lenders & Apply Online

Bank/NBFCInterest Rates (% p.a.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 1st May 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:

  • The minimum age of the applicant at the time of loan application should be 21 years and the maximum age at the time of loan maturity should be 60 years.
  • Salaried individuals, self-employed professionals and self-employed non-professionals are eligible for personal loan of Rs. 5 lakh.
  • Applicants having a CIBIL score of 760 and above usually have higher chances of getting their loans approved.
  • Salaried individuals should have a work experience of atleast 1 years, whereas, self-employed individuals should have a minimum business vintage of 3 years.
  • Eligible applicants should have an EMI/NMI ratio below 55%, including the existing EMIs and EMI of the proposed personal loan.

Avail Personal Loan for
All Your Needs

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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:

  • ID proof - Aadhar card, passport, driving license, PAN card.
  • Address proof - Utility bills (electricity bills, telephone bills, gas bills), Aadhar card, passport, driving license.
  • Salary slips for last 3 months.
  • Bank statements for last 6 months.
  • Recent ITRs.

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:

  • Login to the Paisabazaar Personal Loan app.
  • Go to the dashboard and check your credit score.
  • Click on the “Personal Loan” icon.
  • The app analyzes your credit profile.
  • Curated offers matching your credit profile are displayed on the screen.
  • Check the loan details provided, such as interest rates, processing fee, EMI, loan tenure, etc.
  • Apply with the lender best suiting your requirements.

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.

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

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

FAQs

The EMI for Rs. 5 lakh personal loan @ 10% p.a. for 3 years would be Rs. 16,134.

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.

You can get a personal loan of Rs. 5 lakh with a CIBIL score of 700, but at a higher interest rate.

The minimum salary required to avail a personal loan of Rs. 5 lakh is Rs. 25,000.

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.

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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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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
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Shamik Ghosh

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