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Rs. 40,000 - Rs. 55 lakh
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A personal loan gives you a lump sum of money that you can use for different needs—like travel, medical expenses, or even clearing existing debts. Since it is usually unsecured, you don’t need to provide any collateral. You repay the loan in fixed monthly instalments over a chosen period, and the interest rate depends on factors such as your credit score and loan tenure. This makes a personal loan a flexible and convenient way to manage various financial requirements.
✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.
What are the eligibility criteria for a personal loan of Rs. 2 lakh?
You can easily get the funds you need with the below criteria:
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Eligibility criteria
- 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.
It is easy to apply for a personal loan from Bajaj Finance. Read about our personal loan application process.
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What are the documents required for Rs. 2 lakh personal loan for 3 years?
All you have to do is submit these basic documents to apply for a personal loan:
- 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.
Whether you need a travel loan or a personal loan to cover medical expenses, a personal loan can help to meet your requirement for funds.
How to calculate Rs. 2 lakh personal loan EMI for 3 years?
To calculate the EMI for a Rs. 2 lakh personal loan over 3 years, you can use a personal loan EMI calculator. Input the loan amount, interest rate, and tenure into the calculator. For instance, with a nominal interest rate of 12%, the EMI for a Rs. 2 lakh loan over 3 years would be approximately Rs. 6,643. This tool simplifies the process, providing instant and accurate EMI figures, helping you plan your finances effectively.
Our personal loans are available at competitive interest rates. Check out our personal loan interest rate, fees, and charges.
Why choose Bajaj Finance for a Rs. 2 lakh personal loan for 3 years
Consider Bajaj Finance to get a Rs. 2 lakh personal loan for 3 years. The application process is seamless with minimal documentation requirements and flexible repayment options. With Bajaj Finance, you can access funds quickly, ensuring financial convenience and a smooth borrowing experience tailored to your needs. Simply provide the necessary documents, and upon loan approval, receive the required funds within 24 hours* for immediate financial support.
In conclusion, Bajaj Finance Personal Loans offer a convenient financial solution with competitive interest rates, flexible repayment options, and quick approval processes. Whether for emergencies, weddings, or higher education, Bajaj Finance Limited provides accessible funding tailored to individual needs, making it a reliable choice for borrowers.
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. |
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Frequently asked questions
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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
Yes, you can use your Aadhaar card to apply for a Bajaj Finance Personal Loan as it is one of the key documents needed to apply. In addition to the Aadhar card, you will also be required to present other documents. Check your eligibility in just 2 steps and plan your expenses comfortably.
The EMI amount depends on the rate of interest. In the case of a Rs. 2 lakh personal loan, with an interest rate of 11.5%, for a tenure of 5 years, the EMI comes down to approximately Rs. 4,399. Check your offer in just 2 steps and apply online to get our loan.
Eligibile applicants can get approval for a Rs. 2 lakh personal loan within minutes, and the amount is usually disbursed within 24 hours*
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.
Yes, you can prepay your Rs. 2 lakh personal loan, but it may be subject to foreclosure charges as per the policies.
You may get a Rs. 2 lakh loan without a salary slip, depending on the lender. Lenders may consider alternative documents like your bank statements, Income Tax Returns (ITR), proof of income from other sources, or even a guarantor’s backing to assess your eligibility.
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, and proof of income. A strong credit score can help speed up the approval and disbursal process, often within a few hours
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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*.
For customer support, call Personal Loan IVR: 7757 000 000