Get Your ₹2 Lakh Personal Loan with minimal documentation!
Poonawalla Fincorp's ₹2 Lakh Personal Loan can be a stepping stone towards your financial aspirations. We offer you the funds at competitive interest rates and flexible repayment tenure, whether it's a home renovation, a memorable trip, or managing unexpected medical expenses.
Why Consider a ₹2 Lakh Personal Loan?
A ₹2 Lakh Personal Loan serves as a lifeline, offering flexibility with repayment and attractive interest rates. Additionally, it ensures a simple application process, ensuring quick disbursal.
Opting for a ₹2 Lakh Personal Loan is the practical solution to address immediate financial needs. Whether it's managing urgent medical bills, covering educational expenses, or handling unforeseen costs, our ₹2 Lakh Personal Loan is tailored to meet immediate financial requirements.
₹2 Lakh Personal Loan EMI Calculator
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₹2 Lakh Personal Loan Interest Rates & Charges
You can access an Instant Personal Loan of ₹2 Lakh from Poonawalla Fincorp with complete transparency and no hidden charges.
Check the table below for more details on applicable charges:
| Instant Personal Loan Interest Rates | 16%* p.a. onwards |
| Instant Loan Amount | ₹50,000 to ₹5 Lakh |
| Instant Loan Processing Fees | 2.5% to 3.5% plus applicable charges |
| Lowest Instant Loan EMI | ₹1,962 for 36 months |
| Instant Loan Tenure | 1 to 36 months |
| Foreclosure/Pre-Payment Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
What Will Be ₹2 Lakh Personal Loan EMI for 1,2, 3 Years?
For a ₹2 Lakh Personal Loan, your Equated Monthly Instalments (EMIs) will vary based on the repayment tenure you choose: one year, two years, or three years. Plan your repayment easily with the help of an Instant Personal Loan EMI Calculator.
Check out the EMI amounts for a ₹2 Lakh Personal Loan calculated at an interest rate of 16% p.a. for each tenure below:
- ₹2 Lakh Loan for 1 years - ₹18,146/month
- ₹2 Lakh Loan for 2 years - ₹9,793/month
- ₹2 Lakh Loan for 3 years - ₹7,031/month
An instant 2 Lakh Loan can help you fulfil your specific financial needs in no time without any hassle. You need to meet the eligibility criteria for a ₹2 Lakh Loan and submit relevant documents to apply. Once you fulfil the eligibility criteria and pass the verification, your ₹2 Lakh Loan will be disbursed in no time. Now, let’s check out the features and benefits of a ₹2 Lakh Loan.
How much EMI will I need to pay for a personal loan of ₹2 Lakh?
| Tenor | Approximate EMI at 16% interest rate |
| 1 years | ₹18,146/month |
| 2 years | ₹9,793/month |
| 3 years | ₹7,031/month |
₹2 Lakh Personal Loan Eligibility Criteria
To apply for an instant Personal Loan, it's important to meet the specified eligibility criteria:
Age
Citizenship
Annual Household Income
- Age - The applicant’s age should not be less than 25 years when he/she applies for the loan. Similarly, their age should not be more than 55 years.
- Citizenship - The applicant should be a citizen of India.
- Annual Household Income - Minimum Household annual income (declared) should be ₹3Lakhs.
You can easily secure a ₹2 Lakh Personal Loan by fulfiling our minimal documentation requirement. Here are the necessary documents for our ₹2 Lakh Personal Loan:
Documents Required for ₹2 Lakh Personal Loan
You can avail of a Personal Loan with us with the least amount of documentation possible.
Following are the required documents for our ₹2 Lakh Personal Loan:
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KYC documents
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Current proof of address
Please note that the list above is merely indicative. More documents may be required when the loan is being processed.
₹2 Lakh Personal Loan Features & Benefits
At Poonawalla Fincorp, we aim to make it easy for our customers to get the instant financial support. When you opt for our Instant Personal Loan of ₹2 Lakh, you can enjoy a variety of excellent features and benefits.
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Quick and easy online application process
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Collateral-free
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Swift Approval and Instant Disbursal
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Attractive interest rates
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Flexible EMIs
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Zero hidden charges
To apply for ₹2 Lakh Personal Loan, follow these three simple steps:
You can apply for a Personal Loan by following the below-mentioned 5 easy steps.
- Step 1: Click the 'Apply Now' button.
- Step 2: Complete the loan application form with your details.
- Step 3: Upload the required documents.
Upon successful verification, your loan amount will be instantly disbursed into your bank account.
Apply for ₹2 Lakh Personal Loan within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions on ₹2 Lakh Personal Loan
Poonawalla Fincorp ensures a quick turnaround, with many applicants receiving approval within a short period.
You can apply online on the Poonawalla Fincorp's website by filling out the application form and submitting the required documents.
To calculate your EMIs, follow these steps:
- Step 1: Go to our website and access the Personal Loan EMI calculator.
- Step 2: Fill in the details with your loan amount, term, and interest rate.
- Step 3: Click the 'Calculate' button.
- Step 4: Click on "Check Repayment Schedule" and know the exact EMI amount.
The EMI for a ₹2 Lakh Personal Loan is influenced by factors such as the chosen loan tenure, interest rate and the amount borrowed. You can get a favourable interest rate by maintaining a good credit score.
Poonawalla Fincorp offers a ₹2 Lakh Personal Loan with basic eligibility requirements and minimal paperwork. Check our Personal Loan eligibility criteria on the official website or contact our online support team for further assistance.
When you apply for a Personal Loan with Poonawalla Fincorp, you might have to pay a small processing fee, which can be up to 2% of the loan amount.
*Terms & Conditions Apply
