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Personal Loan of Rs. 10 lakh

A personal loan of Rs. 10 lakh is an ideal instant credit solution for individuals looking to finance home renovation, higher education, medical expenses and more. At Paisabazaar, you can scroll through multiple offers from top lenders and get a Rs. 10 lakh loan without the hassle of collateral.

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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 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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Compare & Choose the Best Offer

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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

Why Opt for a Personal Loan of Rs. 10 Lakh?

A Rs. 10 lakh personal loan can be a flexible financing option for:

  • Wedding costs or home renovations
  • Treatment costs and medical emergencies
  • Debt consolidation or refinancing
  • Funding your higher education in India or abroad

Eligibility Criteria for a Rs. 10 Lakh Personal Loan

Eligibility criteria for a Rs. 10 lakh loan, most banks and NBFCs generally require:

  • Age: 21 to 60 years
  • EMI to Income Ratio: Lenders usually consider applicants with a ratio below 50-55%. For larger loan amounts, the required income is usually higher.
  • Credit Score: 750+ is ideal
  • Employment: Salaried or self-employed with stable income
  • Work experience: 1-2 years minimum

Documents Required

Here are the basic documents needed to apply for a Personal loan of Rs. 10 lakh:

  • PAN card & Aadhaar card
  • Salary slips (last 3 months) or ITR (for self-employed)
  • Bank statements (last 6 months)
  • Address proof (electricity bill, rent agreement, etc.)
  • Employment proof or business proof

Check Personal Loan Offers Based on Your Salary

Personal Loan for ₹25,000 salary Read More Personal Loan for ₹30,000 salary Read More Personal Loan for ₹50,000 salary Read More Personal Loan for ₹60,000 salary Read More Personal Loan for ₹80,000 salary Read More Personal Loan for ₹1,00,000 salary Read More

Interest Rate on Rs. 10 Lakh Loan

Interest rates for Rs. 10 lakh personal loans in India typically start from 9.98% p.a. However, your final interest rate will depend on:

  • Your credit score
  • Employer category (for salaried)
  • Loan tenure
  • Existing debts

Note: A credit score of 750+ can help you secure the lowest personal interest rates. Maintaining a good credit score is essential to accessing better loan terms.

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Fees & Charges for 10 Lakh Loan

  • Processing Fee: Ranges from 0.5% to 4% of the loan amount
  • Stamp Duty: Applicable as per actual
  • Late EMI Charges: Approximately 24% p.a.
  • Legal Charges: Levied as per actuals

Tips to Get Approved for a Personal Loan of Rs. 10 Lakh

You can increase your chances of approval with these simple practices:

  • Maintain a high credit score (750+)
  • Avoid multiple loan applications at once
  • Choose a longer tenure to reduce EMI burden
  • Provide accurate income proof
  • Add a co-applicant (if needed) for better eligibility

EMI Calculation for Rs. 10 Lakh Personal Loan

Here’'s a sample EMI calculation for a loan of Rs. 10 lakh:

Tenure 11% 13% 15%
1 Rs. 88,382 Rs. 89,317 Rs. 90,258
2 Rs. 46,608 Rs. 47,542 Rs. 48,487
3 Rs. 32,739 Rs. 33,694 Rs. 34,665
4 Rs. 25,846 Rs. 26,827 Rs. 27,831
5 Rs. 21,742 Rs. 22,753 Rs. 23,790
6 Rs. 19,034 Rs. 20,074 Rs. 21,145

Use an online personal loan EMI calculator to plan better.

Swipe to see more table data

Benefits of Choosing a Rs 10 Lakh Loan through Paisabazaar

  • Hassle Free Experience
  • Access to 30+ Lenders
  • Collateral-Free Loan Offers
  • Free Credit Score
  • Pre-approved Loan Offers
  • Attractive Interest Rates
  • Easy EMI Options
  • Quick Approvals & Disbursal
  • End-to-End Assistance

How a ₹10 Lakh Loan Impacts Your Credit Score

Your credit score may be greatly impacted by taking out a large loan, such as Rs. 10 lakh, in both positive and negative ways, based on how you handle it. Here's how:

Positive Impact

  • Timely EMI Payments = Boosted Score: If you pay your EMIs regularly and on time, your credit history will become strong with a robust repayment track record.
  • Demonstrates Creditworthiness: Responsibly handling a Rs. 10 lakh loan demonstrates your ability to manage large credit, which boosts lender confidence.

Negative Impact

  • Missed or Late EMIs = Lower Score: A single late payment can have a negative impact on your credit report and severely lower your score.
  • Hard Enquiries from Multiple Applications: If you apply to many lenders at once, it triggers multiple credit checks, which may slightly lower your score.

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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

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    What our customers say

    Excellent platform

    Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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    Manish KumarOct 23, 2025

    Got personal loan instant

    I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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    Mansi SharmaOct 17, 2025

    Got loan yesterday

    I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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    Priyanka SharmaOct 15, 2025

    Got personal loan in a few minutes

    I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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    Preeti SinghSep 26, 2025

    Cibil kam tha fir bhi loan dila diya

    Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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    Pawan SehrawatSep 25, 2025

    Personal loan quick approved

    My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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    Vivaan ShahSep 24, 2025

    Loan Approved in on day

    I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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    Rahul MehtaSep 23, 2025

    Personal loan mila yahaan se

    Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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    Pankaj SinhaSep 22, 2025

    Great Customer support and response

    Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

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    ABhisekh BordoloiSep 21, 2025

    Got personal loan from Paisabazaar

    I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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    Pranoy SenSep 19, 2025
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