Interest Rate
Starting at 16%* p.a.
Loan Tenure
12-36 Months
Hidden Charges
0%

Get a ₹2 Lakh Personal Loan Instantly!

Address your immediate funds requirements with an instant Personal Loan of ₹2 Lakh. 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.

Why Choose Poonawalla Fincorp

No Collateral
Required
No End-use
Restrictions
Competitive
Interest Rate
Flexible
Repayment Tenure
Swift
Disbursal
Minimal
Documentation

EMI Calculator for ₹2 Lakh Loan

Plan your monthly instalments efficiently with our EMI calculator. Just enter the loan amount, tenure, and interest rate and know the EMIs instantly!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC Details and residential details.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan of ₹2 Lakh

Meet our simple eligibility criteria to qualify:

  • Age: Between 25 and 55 years.
  • Citizenship: Indian.
  • Annual Household Income: Minimum ₹3 Lakh.

Documents Required for a Personal Loan of ₹2 Lakh

Skip the hefty paperwork and submit just a few essential documents:

  • KYC Documents: PAN Card and Aadhaar Card.

Interest Rate and Charges for a ₹2 Lakh Personal Loan

Get the loan at competitive interest rates and minimal charges:

Interest Rate
16%* p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
Up to 4.5% plus applicable charges
Lowest EMI Per Month
₹1,962 for 36 months
Loan Tenure
12 to 36 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

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

EMI for a Personal Loan of ​​​​​​₹2 Lakh for Up to 3 Years

Check the payable EMIs for up to 3 years:

Tenure Approximate Monthly Payment at 9.99% p.a. Interest Rate
1 year ₹18,146/month
2 years ₹9,793/month
3 years ₹7,031/month

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

1. What is the processing time for ₹2 Lakh Personal Loan?

You can get approval and disbursement instantly after successful verification and approval.

2. What affects the EMI for a ₹2 Lakh Personal Loan?

Factors like interest rate, loan tenure and the loan amount affect the EMI associated with a ₹2 Lakh Loan.

3. What is considered to be a good credit score when applying for a ₹2 Lakh Personal Loan?

A credit score above 750 is considered to be good. You can then get access to lower interest rates and favourable terms when you apply for ₹2 Lakh Loan.
*T&C Apply