Loan Types
Calculator
FAQs
Video
Rs. 40,000 - Rs. 55 lakh
You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | Apply online
Key takeaways
A Rs. 2 lakh personal loan can be a convenient financing option for planned or unexpected expenses. You can complete the entire application process online, with eligibility checked using your mobile number and OTP. Eligible applicants may receive approval in as little as 5 minutes, and funds are typically disbursed within 24 hours* of approval. With flexible repayment options and no collateral requirement, the loan is designed to suit different financial needs.
- Interest rates: 10% and 30.5% p.a., based on your credit profile
- Repayment tenure: 12 months to 108 MONTHS
- Flexi Loan option available with interest charged only on the amount utilised
- Eligibility: Indian nationals aged 21 years to 80 years (at loan maturity), with a CIBIL score of 650+
- Documents required: KYC proof, PAN card, employee ID, salary slips, and bank statements
Before applying, review the interest rate, processing fees, and repayment terms to ensure the loan matches your financial requirements and repayment capacity.
Get a Rs. 2 lakh personal loan online
Get a Rs. 2 lakh personal loan online to manage planned or unexpected expenses without visiting a branch. Whether you need funds for a medical emergency, home renovation, travel, or other personal needs, you can complete the application online with minimal documentation. Eligible applicants can apply in as little as 5 minutes and receive funds within 24 hours* of approval. You can also check your pre-approved loan offer using just your mobile number and OTP before applying.
✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.
Why opt for a personal loan of Rs. 2 lakh from Bajaj Finance?
A personal loan of Rs. 2 lakh from Bajaj Finance can help you manage planned and unexpected expenses, such as medical emergencies, home renovation, travel or education without pledging collateral. You can apply online with minimal documentation and complete the process without visiting a branch. Eligible applicants can borrow with interest rates ranging from 10% and 30.5% p.a., choose a flexible repayment tenure of 12 months to 108 MONTHS, and receive funds within 24 hours* of approval. Before applying, you can also check your pre-approved loan offer using your mobile number and OTP, making the borrowing process faster and more convenient.
Features and benefits of Rs. 2 lakh personal loan
-
High loan amount
Manage both small and large expenses with quick personal loans ranging from Rs. 40,000 to Rs. 55 lakh—perfect for business investments, property purchases, or major life events.
-
Flexi loans
Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.
-
Pre-approved offers
You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.
-
Convenient repayment tenures
Manage your loan easily with flexible repayment options ranging from 12 months to 108 MONTHS, allowing you to choose EMIs that fit your income cycle and budget.
-
Approval in just 5 minutes*
Complete your entire personal loan application online from the comfort of your home or office and get an instant personal loan with lightning-fast approval.
-
Money in account within 24 hours*
Your bank account will be credited with your loan amount within 24 hours* of approval, or in some cases, on the same day—ideal for urgent business or personal needs.
-
Complete transparency - no hidden charges
Our fees and charges are mentioned clearly on this page and in all loan documents. We maintain complete transparency, allowing you to make informed financial decisions.
-
No guarantor or collateral needed
You don't need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor—completely unsecured financing.
Eligibility criteria of personal loan for Rs. 2 lakh
To apply for a Rs. 2 lakh personal loan, applicants must meet the lender's eligibility criteria. The requirements may vary depending on the lender and the applicant's financial profile.
| Nationality | Indian |
| Age | 21 years to 80 years |
| Employed with | Public, private, or MNC. |
| CIBIL Score | 650 or higher. |
| Customer profile | Self-employed or Salaried |
*You should be 80 years or younger, at the end of the loan tenure.
Documents required for a Rs. 2 lakh personal loan
Documentation requirements for a Bajaj Finance Personal Loan are minimal. Five document categories are required at the time of application:
| Document Category | Accepted Options |
|---|---|
| KYC proof | Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card |
| Identity proof | PAN card, Real-time image / photograph |
| Employment proof | Employee ID card, Letter of Allotment of Accommodation Issued by Employer |
| Income proof | Salary slips — last 3 months, Bank account statements — last 3 months |
| Others | Pension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt |
Know more about the personal loan documents required during application.
Personal loan interest rates for Rs. 2 lakh
The interest rate on a Rs. 2 lakh personal loan depends on factors such as your credit profile, income, employment type, and repayment capacity. Before applying, compare the applicable interest rate with the overall borrowing cost. You can also use the existing internal link to the personal loan EMI calculator to estimate your monthly instalments.
| Charges | Details |
| Interest rate | Usually ranges from 10% to 30.5% p.a. , depending on eligibility and lender policies |
| Processing fee | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
| Loan tenure | Typically ranges from 12 months to 108 MONTHS |
| Bounce charges | Rs. 700 to Rs. 1,200/- per bounce |
| Prepayment/foreclosure charges | Up to 4.72% (Inclusive of applicable taxes) |
| Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount |
Uses of Rs. 2 lakh personal loan
A Rs. 2 lakh rupees personal loan provides the flexibility to cover both urgent and planned expenses effortlessly. Whether you need funds for a dream vacation or a medical emergency, a Rs. 2 lakh personal loan offers fast and reliable financial assistance when you need it most.
Travel expenses
Use a personal loan for travel to cover flight tickets, hotel stays, and other travel-related costs. A Rs. 2 Lakh Loan helps you enjoy your vacation without impacting your savings.
Marriage expenses
Fund your wedding expenses effortlessly with a personal loan for wedding. From venue bookings to jewellery shopping, a Rs. 2 lakh instant loan can make your big day stress-free.
Education expenses
Manage tuition fees, books, and living expenses with a personal loan for higher education. A Rs. 2 lakh instant loan ensures your academic dreams are never held back due to financial constraints.
Home renovation
Upgrade your home easily using a personal loan for home expenses. Renovations, repairs, or buying new furniture can all be covered without straining your finances.
Medical emergency
- Handle unexpected healthcare costs smoothly with a personal loan for medical emergency. Quick access to a Rs. 2 Lakh Loan lets you prioritise treatment without financial worries.
How to apply for a Rs. 2 lakh personal loan online
Applying for a Rs. 2 lakh personal loan online is simple and can be completed in a few steps. Follow the process below:
- Check loan eligibility – Visit our personal loan page, enter the loan amount you need, select the repayment period, and click on "CHECK LOAN OFFER" to check your loan eligibility.
- Enter personal details – Provide your personal, financial, and employment details to receive a personalised loan offer.
- Review your loan offer – Check your offer details and adjust the loan amount or repayment tenure, if required.
- Complete KYC verification – Verify your identity and bank details to proceed with your application.
Speak to a loan specialist – Once your application is submitted, an executive will contact you with the next steps.
Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
Rs. 2 lakh personal loan EMI for 5 years
A Rs. 2 lakh loan for 5 years offers a balanced repayment option by spreading the loan amount across 60 monthly instalments. Your exact EMI depends on the applicable interest rate, with lower rates resulting in lower monthly repayments. The table below shows the estimated EMI for a Rs. 2 lakh loan over a 5-year tenure at different interest rates.
The Rs. 2 lakh personal loan EMI will vary based on the interest rate offered and your final loan terms. Use the estimates below as a reference to understand your monthly repayment amount, or use the existing internal link to the personal loan EMI calculator for a personalised EMI calculation.
| Loan amount | Interest rate (p.a.) | Tenure | Monthly EMI | Total repayment |
|---|---|---|---|---|
| Rs. 2,00,000 | 10% | 5 years (60 months) | Rs. 4,249 | Rs. 2,54,940 |
| Rs. 2,00,000 | 11% | 5 years (60 months) | Rs. 4,348 | Rs. 2,60,880 |
| Rs. 2,00,000 | 12% | 5 years (60 months) | Rs. 4,449 | Rs. 2,66,940 |
Note: The EMI values are indicative and may vary based on the applicable interest rate and loan terms. Use the existing personal loan EMI calculator to calculate your Rs. 2 lakh personal loan EMI based on your eligibility and preferred tenure.
Personal loan of different amounts
Check out personal loans of different amounts to see which suits your needs and repayment budget.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
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 (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
Not your nearest branch?
Frequently asked questions
Overview
Application
Tenure
Low CIBIL Score
If you want Rs. 2 lakh rupees loan urgently, applying for a personal loan with quick approval from trusted lenders is the fastest way to get instant funds when you need them the most. Check your loan offer in just 2 steps and apply online to get the funds you need.
Yes, you can apply for a Rs. 2 lakh loan on Aadhaar card as it is one of the essential documents required by Bajaj Finance for a personal loan. Along with your Aadhaar card, you will need to provide document such as:
- 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
- Real-time image / photograph
- Ration card
The Rs. 2 lakh personal loan EMI varies with the interest rate and tenure. For a Rs. 2 lakh personal loan EMI for 5 years at an interest rate of 10%, the monthly EMI is approximately Rs. 4,247.
No, lenders typically require income proof when you apply for a personal loan. For a Rs. 2 lakh loan without income proof, approval is unlikely. You will require documents such as:
- 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
- Real-time image / photograph
- Ration card
Personal loan interest rates may vary based on the lender's eligibility requirements. However, you can use our EMI calculator to figure out the exact amount of interest you are liable to pay. Input a few key details about the credit borrowed to get in-depth information on monthly payments, total interest payments, and more.
To get a Rs. 2 lakh loan in one day, apply online through a trusted financial platform that offers instant personal loans. Keep your documents ready—such as PAN, Aadhaar, bank statements, proof of income, and more. A strong credit score can help speed up the approval and disbursal process, often within a few hours.
You can get approval for a Rs. 2 lakh personal loan within minutes, and the amount is usually disbursed within 24 hours*.
You can prepay your Rs. 2 lakh personal loan, but it may be subject to foreclosure or part-prepayment charges as per the policies.
You can apply for a Rs. 2 lakh personal loan without salary slip by providing alternative documents, depending on lender policies. Lenders often accept bank statements, Income Tax Returns (ITR), proof of other income sources, or a guarantor’s support to evaluate your loan eligibility.
Getting a Rs. 2 lakh loan without documents is rare, but some lenders offer minimal paperwork loans with digital verification for faster approval.
Yes, you can easily get a Rs. 2 lakh personal loan without pledging any collateral, as it is an unsecured loan based on your eligibility. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
The EMI for a Rs. 2 lakh loan over 3 years at 10% interest is approximately Rs. 6,450 per month, depending on lender terms.
The minimum CIBIL score required is 650. A higher score improves your chances of approval and attractive offers.
It depends on the lender's eligibility criteria. A low CIBIL score may reduce your chances of approval or affect the loan terms. For Bajaj Finance, applicants generally require a minimum CIBIL Score of 650, along with meeting the applicable income and other eligibility criteria, to apply for a Rs. 2 lakh personal loan.
Several personal loan apps may offer a Rs. 2 lakh loan to eligible applicants with a CIBIL Score of 650 or higher. Final approval depends on the lender's eligibility criteria and credit assessment.
Related articles
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000