₹2 Lakh Personal Loan in India

Apply for ₹2 Lakh Personal Loan in India

It can often get challenging to quickly access a large amount of money for purposes like home renovation, a vacation, a wedding, medical expenses, etc. In such a scenario, you can always avail a Personal Loan to fulfil your purpose. Generally, a Personal Loan up to ₹2 Lakh will be good enough to fit these purpose.

A Personal Loan can serve as an instant loan for your financial obligations without the need for collateral. You can easily get up to ₹2 Lakh through Personal Loans provided by Poonawalla Fincorp.

Poonawalla Fincorp provides loans to its customers in real quick time through its hassle-free and simple process. You can apply for a ₹2 Lakh Loan on Poonawalla Fincorp’s website and get the funds credited to your bank account almost instantly.

Why opt for a 2 Lakh Personal Loan?


If you’re looking to pay your medical bills, fund higher education, plan a wedding, etc., we have the solution for you. Opt for Poonawalla Fincorp’s Personal Loan to cover these expenses. Generally a Personal Loan of up to ₹2 Lakh is needed to fulfil all these financial requirements.


Taking a small Personal Loan can relieve you from overwhelming financial situations when you don’t have the required funds with you. Poonawalla Fincorp’s ₹2 Lakh Personal Loan comes loaded with features like flexible repayment options, low interest rates, a rapid application process, and quick disbursal.


EMI refers to the monthly instalments you pay to repay your loan. Your ₹2 Lakh Personal Loan EMI depends on the tenure of loan repayment. The value of the ₹2 Lakh Personal Loan EMI will vary between a ₹2 Lakh Loan for 5 years, a ₹2 Lakh Loan for 3 years, and a ₹2 Lakh Loan for 2 years.

If we calculate the EMI for each tenure at approximately 10% interest rate, it will be as mentioned below:

  • ₹2 Lakh Loan for 2 years - ₹9229
  • ₹2 Lakh Loan for 3 years - ₹6453
  • ₹2 Lakh Loan for 5 years - ₹4249

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 13% interest rate
2 years 9229
3 years 6453
5 years 4249

At Poonawalla Fincorp, we believe in helping our customers get the financing they need as easily and quickly as possible. Following is some of the significant features and benefits of a Personal Loan:

Quick and easy online application process

Easy access to funds online with just five simple steps.

Unsecured loan

You can get the financing you need without having to offer any collateral.

Speedy approval and rapid disbursal

Loan processing is typically tedious and time-consuming. However, at Poonawalla Fincorp, we guarantee a simpler and faster process. You can apply for our instant 2 Lakh Loan when you need funds quickly by meeting some easy eligibility requirements. We process applications promptly and send approved sanctions immediately.

Attractive interest rate

If you are looking for an affordable ₹2 Lakh Loan interest rate, you’ve come to the right place! We provide Personal Loans at interest rates as low as 9.99%* p.a. to make borrowing affordable for you.

Flexible repayment tenure

With our Personal Loan, you can repay the loan in a way that is convenient for you. Choose a loan tenure of up to 60 months; never go above your budget when paying it back.

No hidden charges

All loan terms are disclosed in an easy-to-understand manner. You only pay what is explicitly stated when taking the loan; there are no hidden charges.

We aim to ensure that you have total control of your financial situation. To enable this, we offer a Personal Loan up to 2 Lakh with very basic eligibility requirements.

The factors that are taken into consideration when determining your eligibility for Personal Loans are listed below:

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:

  • Age
  • Citizenship
  • Work Experience
  • Monthly Income
  • Employer Category

You may also be eligible for a ₹2 Lakh Personal Loan with a good credit score.

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:

  • Identity Proof
  • Proof of Address
  • Proof of Employment
  • Financial Statements

Please note that the list above is merely indicative. More documents may be required when the loan is being processed.

How to know if I am eligible for a ₹2 Lakh Personal Loan?

We, at Poonawalla Fincorp, offer Personal Loans with basic eligibility requirements and minimal paperwork. You can easily check our eligibility requirements for Personal Loans on our official website to see if you qualify or not. For further information, you can also get in touch with our online support staff or visit the branch that is closest to you.

How can I calculate the EMIs for my ₹2 Lakh Personal Loan?

To calculate your EMIs, use our Personal Loan EMI calculator. Simply follow the instructions below:

  • Step 1: Go to our website and access our Personal Loan EMI calculator.
  • Step 2: Fill in the fields with your loan amount, term, and interest rate. Click on ‘Calculate’ button.
  • Step 3: Click "Check Repayment Schedule".

What are the factors affecting your EMI for a ₹2 Lakh Personal Loan?

EMI for Personal Loan depends on multiple factors like tenure chosen for the loan and interest rate applicable on ₹2 Lakh Loan. For getting a favourable ₹2 Lakh Loan interest rate of your Personal Loan you need to have an excellent credit score.

What are the applicable charges when applying for a ₹2 Lakh Personal Loan?

When applying for a Personal Loan at Poonawalla Fincorp, a minimal processing fee of up to 2% of the loan amount could be applicable.

*T&C Apply

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