Apply for ₹2 Lakh Personal Loan Instantly!
Address your immediate financial needs and fund requirements with a ₹2 Lakh Personal Loan. Whether for medical emergencies, home renovation, vacations, or weddings, we offer the funds at competitive interest rates and flexible repayment tenure. Apply online in just a few steps and get the funds instantly. Apply now!
Features And Benefits Of Personal Loans For ₹ 2 Lakhs
There are multiple features and benefits of Personal Loans, like:
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Quick and Hassle-Free Process: Get instant approval and disbursement with minimal documentation via our streamlined digital process.
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Flexible Usage: Use the loan amount for any personal need, such as medical emergencies, wedding expenses, home renovation, education, travel, or debt consolidation without any end-use restrictions.
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Competitive Interest Rates: Enjoy attractive interest rates starting from 16% p.a., making your loan affordable with manageable monthly personal loan EMIs that fit your budget.
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No Collateral Required: Being an unsecured loan, you don't need to pledge any assets or property as security, making it accessible for salaried and self-employed individuals.
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Flexible Repayment Options: Choose from tenures ranging from 12 to 36 months, allowing you to select EMIs that align with your financial capacity and income flow.
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Zero Hidden Charges: Complete transparency in pricing with no hidden fees, ensuring you know exactly what you're paying throughout the loan tenure.
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Digital Convenience: Apply online from the comfort of your home, track your application status, and manage your loan account through our user-friendly digital platform.
Why Choose Poonawalla Fincorp
₹2 Lakh Personal Loan EMI Calculator
Plan your ₹2 Lakh Personal Loan EMIs efficiently with our EMI calculator. Just enter the loan amount, tenure, and interest rate, and know the monthly instalment amount instantly!
Eligibility Criteria for a ₹2 Lakh Personal Loan
Meet our simple criteria to qualify for a ₹2 Lakh Personal Loan:
- Age: Between 24 and 55 years.
- Citizenship: Indian.
- Employment: Salaried and Self Employed, Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp.
- Annual Household Income: Minimum ₹3 Lakh.
Documents Required for a ₹2 Lakh Personal Loan
Skip the hefty paperwork and submit just a few essential documents to avail of an instant personal loan of ₹2 Lakh:
- KYC Documents: PAN Card and Aadhaar Card.
Interest Rate and Charges for a ₹2 Lakh Personal Loan
Get your ₹2 Lakh Personal Loan at competitive interest rates and minimal charges:
4% If paid from other sources
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
Monthly EMI for a Loan of ₹2 Lakh for Up to 3 Years
Check the payable EMIs for up to 3 years for a ₹2 Lakh Personal Loan:
Tenure | Approximate Monthly Payment at 9.99% p.a. Interest Rate |
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1 year | ₹18,146/month |
2 years | ₹9,793/month |
3 years | ₹7,031/month |
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
You can get loan approval and disbursement instantly after successful verification. The entire process typically takes a few hours to complete once all documents are submitted. In certain cases, it may take up to 48 hours.
Three main factors will affect your ₹2 Lakh Personal Loan EMI. It includes the interest rate offered based on your credit profile, the tenure you choose, and the principal loan amount. It's important to consider your repayment capacity, as a higher interest rate or shorter tenure increases your personal loan EMI, while a longer repayment period reduces monthly payments but increases total interest cost.
A higher credit score, usually 720 or above, is often required to assure lenders of the borrower's repayment ability. Depending on the lender, a higher credit score than 650 could also be acceptable, though you may receive slightly higher interest rates compared to those with higher scores.
Getting your desired loan amount of ₹2 Lakh is quite easy. You just need to follow these simple steps:
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Apply online through our website with basic personal and employment details
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Submit required KYC documents (PAN and Aadhaar) and meet minimum eligibility criteria
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After submitting the application and documents, lenders typically review and verify the information for approval.
Upon approval, the funds from the Personal Loan are usually disbursed to the borrower's bank account quickly.
You only need basic KYC documents for address and identity proof (PAN Card and Aadhaar Card) to get a ₹2 Lakh personal loan. Income proof may be required during the verification process based on your employment type and profile. Some lenders may also require bank statements along with other documents.
You can check the eligibility criteria for a ₹2 Lakh Personal Loan on the lender's website. You can also make use of the online Personal Loan Eligibility Calculator. Mainly, it includes nationality, age, employment status, monthly income, credit score, and existing financial obligations.
The duration for a ₹2 lakh Personal Loan ranges from 12 to 36 months based on your financial comfort. While longer tenures offer lower monthly EMIs, they result in higher total interest payments over the loan period.
Before applying for a ₹2 lakh Personal Loan, make sure you check the eligibility criteria on the lender's website. Typically, the loan eligibility for an instant Personal Loan includes -
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Age requirements range from 21 to 58 years old.
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Minimum household income to be ₹3 lakh annually.
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A minimum of one year of professional experience.
Approval for a ₹2 Lakh Personal Loan is instant upon successful document verification and eligibility confirmation, and the fund disbursal to your bank typically happens within a few hours of approval.
No, there's no collateral required for ₹2 Lakh Personal Loans. You can avail of the personal loan based purely on your income and creditworthiness.
Yes, you don't need to submit any income documents as proof to get a ₹2 lakh Personal Loan, but your minimum monthly salary will be considered. Bank statements from the past three months may be required as part of the documentation for a Personal loan application, and you'll be required to enter income details in the application form.
No, completely document-free loans aren't possible due to regulatory compliance requirements. However, you can get a ₹2 Lakh Personal Loan with minimal KYC documents (PAN Card and Aadhaar Card). In addition, many lenders require minimal documentation, including identity proof, address proof, bank statements, and income proof.
Lenders will consider other factors like your credit score and existing financial obligations to assess eligibility. As a result, eligibility criteria for Personal Loans without a salary slip typically include alternative proof of income, like bank statements and Form 16. Providing income tax returns can help support a loan application without a salary slip.