New-age lenders are offering borrowers unique benefits such as instant disbursement, online process, minimal documentation, etc. This has motivated borrowers to opt for a higher loan amount which is as high as Rs. 25 Lakh. Attracted by these unique benefits, prospective borrowers often Google up terms such as “I need Rs. 25 Lakh” or “Rs. 25 Lakh Personal Loan”.
As you are already looking to make a large purchase or pay off debt without tapping into your savings, an instant Personal Loan from your lender can be a good option.
Customers can use a Personal Loan from an NBFC for various reasons, including medical emergencies, family weddings, debt repayment, international trips, home renovations, or funding a family member's higher education. Personal Loans allow you to follow your ambition without postponing it for another year or even another month due to a lack of cash.
A Personal Loan is an unsecured loan. You don't have to put up any assets as collateral or security. As a result, banks will issue you an instant Personal Loan if you have a solid credit score and a steady income.
When applying for an Rs. 25 lakhs Personal Loan, you can use the banks' Personal Loan EMI Calculator to calculate the EMIs you'll have to pay. You may get started on your application right away. Follow the simple, step-by-step guidelines to quickly obtain a Rs. 25 lakhs Personal Loan from a bank/NBFC and manage your cash demands.
It takes a few mouse clicks to receive the money you require. Instant Loans of up to Rs. 30 lakh are available from NBFCs, with terms ranging from one to five years and EMIs beginning as low as Rs. 2,149 per lakh.
Also Read: How to Avail Personal Loan With Low CIBIL Score
Loan Amount (?) |
Tenure (years) |
Interest Rate (p.a.) |
EMI (?) |
25 Lakh |
1 |
9.99% |
2,19,778 |
25 Lakh |
2 |
9.99% |
1,15,351 |
25 Lakh |
3 |
9.99% |
80,656 |
25 Lakh |
4 |
9.99% |
63,394 |
25 Lakh |
5 |
9.99% |
53,104 |
Nonbank financial firms (NBFCs), sometimes known as nonbank financial institutions (NBFIs), are businesses that provide financial services matching those offered by banks but do not have a banking license. NBFCs include investment banks, mortgage lenders, Housing Finance Corporations, Asset Finance Corporations, money market funds, insurance firms, hedge funds, private equity funds, and peer-to-peer lenders.
Traditional banks are subject to banking rules and oversight by federal and state authorities, whereas NBFCs are not. Ever since the Great Recession, NBFCs have grown in quantity and type, playing an essential role in meeting lending demands that traditional banks have been unable to meet.
Personal loans are available from various non-banking financial companies (NBFCs) in India for those who require quick cash to cover personal expenses. You can quickly get Rs. 25 lakhs Personal Loan and even more, with processing fees ranging from 1% to 3% of the total loan amount. NBFCs charge attractive interest rates on personal loans, ranging from 10.99 per cent to 36.00 per cent per annum. The lending standards of NBFCs are pretty low. In some situations, the MSMEs do not need to put up any collateral as security for the loan.
Also Read: Useful Guide On Personal Loan Disbursement Process
NBFCs offer immediate personal loans to their customers. It's a straightforward way for salaried professionals to get a personal loan. The Eligibility Criteria are:
NBFC Personal Loans have a variety of features and perks to meet a variety of purposes. Competitive interest rates on the Rs. 25 lakhs Personal Loan are offered by NBFCs, depending on the applicant's credit score, previous repayment history, and payback tenure preference. The following are the features of a Personal Loan with NBFCs.
A Personal Loan of 25 lakh is an excellent option to pay for a family member's university tuition. When you use the NBFC Personal Loan option, you can choose easy EMIs and repay your Rs. 25 lakh Personal Loan over a set time.
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Angul Khandekar| February 24, 2023
Required 25 lakh instant loan without collateral