Why Opt for a Personal Loan of Rs. 10 Lakh?
A Rs. 10 lakh personal loan can be a flexible financing option for:
15.6L Reviews
Loans in Minutes
Get instant approvals and disbursals
Competitive Interest Rates
Get competitive personal loan interest rates
Everything Digital
End-to-end digital journey
Zero Processing Fees
Enjoy zero processing fees

Filters
A Rs. 10 lakh personal loan can be a flexible financing option for:
Eligibility criteria for a Rs. 10 lakh loan, most banks and NBFCs generally require:
Here are the basic documents needed to apply for a Personal loan of Rs. 10 lakh:
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:
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.
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
You can increase your chances of approval with these simple practices:
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.
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:
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
Explore Our Personal Loan Lenders
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
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 approx.
A minimum salary of Rs. 15,000 is required to avail a personal loan in India. However, for a Rs. 10 lakh personal loan the requirement may be higher and vary for different lenders.
You may become eligible for the Rs. 10 lakh loan with 720 credit score at Paisabazaar. However, the interest rate offered can be high and you may have to adhere to stringent loan terms.
The processing fee for Rs. 10 lakh personal loan may range from 0.5% to 4% of the loan amount. During festive seasons, lenders offer personal loans with low/no processing fees, making it an beneficial time to opt for a personal loan.
This may vary across lenders and require you to provide alternatives to assess your repayment capacity. Additionally, you would also be required to maintain a strong credit score and profile.
With end-to-end digital process and minimal documentation, approval time is quick at Paisabazaar. Applicants can get loan approval within hours, if he or she fulfills all eligibility criteria.
For a personal loan, the majority of lenders prefer a credit score of 760 or above. Consider utilizing Paisabazaar Credit+ services if your score is below 760 to build your credit profile and improve your chances of approval.
Paisabazaar 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%*

Get up to ₹50 Lakhs starting at 9.98%