Need just the right amount for your expenses without committing to a large, long-term credit? Introducing apply for a 2 lakh personal loan - where high borrowing power meets affordability!.
Enough for your financial requirements, minus any unnecessary debt!
It takes less than 2 minutes
All you need is your mobile number, and we will show you to best loan offers available to you.
Apply for ₹2 Lakh Loan →When a personal loan for 2 lakh is exactly what you need:
Get a personal loan upto 2 lakh without mortgaging your valuables; ideal for quick, risk-free borrowing.
Minimal paperwork and a digital-first process ensure your loan of 2 lakhs is approved and disbursed faster.
Pick a tenure between 12 to 84 months, allowing you to customise your EMI to match your monthly income and expenses.
With rates beginning at 9.99% p.a., borrowers can enjoy lower borrowing costs and easier repayment cycles on a personal loan upto 2 lakh.
No heavy documentation is required. Submit simple KYC documents, income evidence, and bank statements for an instant 2 lakh loan.
Cover weddings, emergency expenses, education fees, home enhancement, vacations, and more, without any restrictions.
| The Higher Loan Amount | = The Higher the EMI |
| The Higher Interest Rate | |
| The Longer Tenure | |
| The Higher Credit Score | |
| The Lower Income |
| Tenure | 10% p.a. | 12% p.a. | 14% p.a. | 16% p.a. |
|---|---|---|---|---|
| 12 months | ₹17,583 | ₹17,770 | ₹17,957 | ₹18,146 |
| 24 months | ₹9,229 | ₹9,415 | ₹9,603 | ₹9,793 |
| 36 months | ₹6,453 | ₹6,643 | ₹6,836 | ₹7,031 |
| 48 months | ₹5,073 | ₹5,267 | ₹5,465 | ₹5,668 |
Note: the EMI can be between 60% to 70% of the borrower’s income.
Calculate your EMI by entering the tenure and interest rate. Try adjusting the tenure and interest rate to see different EMI options
The best lenders for a 2 lakh instant loan should offer flexibility, ensure a balance between EMI and loan size, and specialise in mid-ticket financing.
| Top Banks | Interest Rate | Processing Fee |
|---|---|---|
| HDFC Bank Personal Loan | 9.99% to 24% | ₹6,500 + GST |
| Kotak Bank Personal Loan | 10.99% to 30% | Up to 3% |
| ICICI Bank Personal Loan | 10.45% to 17% | Up to 3% |
| Axis Bank Personal Loan | 9.99% to 22% | Up to 2% |
| SBI Bank Personal Loan | 10.05% to 15.05% | Up to 3% |
I need 2 lakh rupees loan urgently! Here’s the solution.
My Mudra gives you access to top banks and the best rates, making an instant loan upto 2 lakh accessible and easy to obtain.
I need 2 lakh rupees loan urgently. Easy - follow these steps!
A credit score plays a significant role in loan and credit approvals. It is always recommended to keep a high credit score of 700 or more to get approval for a 2 lakh personal loan without any hassle.
The EMI for the loan will depend on the interest offered and the tenure selected. Higher interest rates and shortest tenures generally result in higher EMIs, and vice versa. Use My Mudra’s EMI calculator to check your EMI in seconds.
A large number of banks and NBFCs in India offer 2 lakh loan instantly. To find your instant loan options quickly, enter your details on My Mudra and we will quickly help you find the best, customised options.
Yes, it is possible to get a ₹2 lakh loan with a low CIBIL score. However, this may come with high interest rates.
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