Personal Loan of ₹10 Lakhs

Do you want 10 lakh rupees urgently? Loan applicants can easily avail up to Rs. 10 Lakhs as Personal Loan (even up to Rs. 50 Lakh based on other criteria) from well-known banks and NBFCs. There are many factors that influence the lender's loan sanctioning decision, and it would be wise to know the eligibility criteria, application process and the EMI amount and tenure in advance so that the loan amount disbursal is quick and hassle-free.

Disclaimer: The rates mentioned above are subject to constant change. You must always check with the lender before applying. Additionally, the final interest rate applicable to you will depend on factors such as your repayment tenure, your age, your monthly income, and your CIBIL score.

The Personal Loan application process is very quick and hassle-free. Applicants can easily apply for a Rs. 10 Lakh Personal Loan through both online and offline channels. Visit the nearest bank branch and fill out the personal loan application, submit documents, and apply for a personal loan. However, it is far quicker and more convenient to do the same on the bank’s website or mobile app nowadays.

• Compare interest rates and EMI amounts of different lenders and institutions online, using their Personal Loan EMI calculators for free.

• Once you finalise the lender, visit the lending bank’s website or mobile app and select ‘Apply for Personal Loan’.

• Fill in the application form and keep the required documents handy.

• Check for processing fees and other levied charges if any

Once you submit your online application, a bank representative will get in touch with you and then take the process ahead.

• Loan applicants should be an Indian national.

• The  applicant must be between 21 to 65 years of age.

• The applicant must have a minimum monthly earning of Rs. 15,000/-.

• Applicants must be a salaried individual i.e., working in the public sector or in a private company, or self-employed, with a minimum 1 year in the business.

• A CIBIL score of 750 or more will make it easier for the loan applicant to avail Rs. 10 Lakh Personal Loan

To avail a personal loan, here is the list of basic documents that an applicant must keep handy:

• Proof of identity like PAN card, Aadhaar card, etc

• Address proof LIKE Passport, Electricity bill, Ration card, etc

• ITR Form or Form 16 of the last financial year

• Salary slips of last 3 months (for salaried individuals)

• Bank account statement of the last 6 months

• Form 26AS, TDS certificate (Form 16A) or Income Tax challan to declare income tax of the business (for self-employed)

• ITR returns of the last 2 financial years (for self-employed)

• Proof of business origination (for self-employed)