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Personal Loan of Rs. 10 lakh

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

Get up to ₹50 Lakhs starting at 9.98%

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15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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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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Compare & Choose the Best Offer

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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

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

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.

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.

    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 will depend on your interest rate and the tenure of the loan. For example, if your loan has an interest rate of 11% with a 5-year tenure, then your EMI will be around Rs.21,742.

    Most lenders offer a straightforward personal loan application process to eligible borrowers. Just visit Paisabazaar, check your eligibility and choose from the best loan offers available toget quick credit.

    Instead of picking the best bank, pick the loan that suits you the best. When selecting a lender, you should take into account features like lower interest rates, instant approval,flexible tenure and minimal documentation

    For a personal loan, the majority of lenders want a credit score of 750 or above. Consider utilizing Paisabazaar Credit+ services if your score is below 750 to build your credit profile and improve your chances of approval.

    A pre-approved loan offer of Rs. 10 lakh can be obtained without requiring a lot of paperwork. You would need to provide basic documents for a new loan of Rs. 10 lakh.

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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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    Vandana Punj
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    Shamik Ghosh

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