Rs. 40000 - Rs. 55 lakh
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Personal loan EMI calculator for Rs. 2 lakh
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An EMI calculator is an excellent tool to simplify the loan calculation process. By entering your loan amount (Rs. 2 lakh), the interest rate, and tenure (5 years), you can quickly get your monthly EMI. Here is how it works:
- Input the loan amount: Rs. 2 lakh
- Select tenure: 60 months (5 years)
- Enter the applicable interest rate
Once you input these values, the EMI calculator will provide you with the exact monthly repayment amount. For example, at an interest rate of 13%, the EMI for a Rs. 2 lakh loan over 5 years would be approximately Rs. 4,551.
Only 2 steps to check your eligibility
Eligibility criteria and documents for personal loan
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Wondering if you qualify? Bajaj Finserv makes it simple. Find all the points you need on the personal loan eligibility criteria page. You are eligible if:
- Nationality: Indian
- Age: 21 years to 80 years.
- Employed with: Public, private, or MNC.
- CIBIL Score: 685 or higher.
- Customer profile: Self-employed or Salaried
*You should be 80 years or younger, at the end of the loan tenure.
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Documents required
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Phone bill
- Real-time image / photograph
- Ration card
Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
Factors that affect the interest rate applicable on a Rs. 2 lakh personal loan
Your interest rate is decided by a few important things:
- Credit score: Higher means better rates.
- Stable income: Shows reliability to lenders.
- Loan tenure: Shorter terms might fetch lower rates.
- Debt-to-income ratio: Lower is always better.
- Lender’s policies: Different lenders have their own rates and rules.
Why it matters: The right mix of these factors keeps your EMIs comfortable and saves you money.
How to apply for personal loan
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- Click on ‘CHECK ELIGIBILITY’ on this page.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the offer or loan amount that you need. Choose from our personal loan variants.
- Choose the repayment tenure and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will contact you for further steps.
If you want a simple, worry-free way to cover expenses or emergencies, a Rs. 2 lakh loan is a great choice. Just know your EMI, check your eligibility, and keep your documents handy! Use an EMI calculator to plan your repayments, and you’re set. Smart planning today means less stress tomorrow.
Get personal loan of different amounts
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee |
Applicable charges |
Rate of Interest per annum |
10% to 31% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge |
Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi facility charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Principal Holiday Facility Fees |
Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount *(Loan amount includes approved loan amount, Insurance Premium & VAS Charges) |
Bounce charges |
Up to Rs. 1,200 per bounce. |
Pre-payment charges |
Full pre-payment
Part pre-payment
*Foreclosure will be processed post clearance of first EMI |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
Broken period interest / Pre-monthly Instalment interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:
Scenario 1: If Loan is disbursed on 1st or post 10th of the month: |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.