High-value plans need high-value funding, and for high-value funding, a 5 lakh personal loan provides exactly what’s needed!
Opt for funds that align with your ambitions!
It takes less than 2 minutes
Enter your mobile number, and view the best instant personal loan 5 lakh offers available to you.
Apply for ₹5 Lakh Loan Now!When is the right time to opt for a 5 lakh loan?
Interest rates for personal loan for 5 lakhs starting from 9.99% p.a. make high-value borrowing affordable.
Secure a personal loan upto 5 lakh without risking any assets.
Repay comfortably with tenure options available from 12 to 84 months.
Swift approval and quick transfer of a 5 lakh loan help you manage urgent expenses efficiently.
Submit only essential documents, like ID proof, address proof, bank statements, and income proof, to borrow a 5 lakh instant loan.
Fund weddings, travel plans, medical treatments, home renovations, or any personal need with a personal loan upto 5 lakh.
Meeting the 5 lakh personal loan eligibility criteria is a must!
Keep these documents ready when you apply for a 5 lakh personal loan online:
Adjust interest rates and tenures to compare different 5 lakh personal loan EMI options.
| Tenure | 10% p.a. | 12% p.a. | 14% p.a. | 16% p.a. |
|---|---|---|---|---|
| 12 months | ₹ 43,958 | ₹ 44,424 | ₹ 44,894 | ₹ 45,365 |
| 24 months | ₹ 23,072 | ₹ 23,537 | ₹ 24,006 | ₹ 24,482 |
| 36 months | ₹ 16,134 | ₹ 16,607 | ₹ 17,089 | ₹ 17,579 |
| 48 months | ₹ 12,681 | ₹ 13,167 | ₹ 13,663 | ₹ 14,170 |
| 60 months | ₹ 10,624 | ₹ 11,122 | ₹ 11,634 | ₹ 12,159 |
| 72 months | ₹ 9,263 | ₹ 9,775 | ₹ 10,303 | ₹ 10,846 |
Check your EMI within seconds - simply by entering the interest rate and tenure.
Compare interest rate, tenure, and associated charges to find the best lender for a personal loan upto 5 lakh.
| 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 5 lakhs urgently! We got you!
With My Mudra, you receive the best - the best rates, the best loan tenures, and the best borrowing experience.
For a 5 lakh loan apply online, the applicants must be aged between 21 to 65 years. They should have Indian residency and a credit score of 700 or more. Note that salaried and self-employed applicants must meet the minimum income/turnover and working experience/business age criteria set by the respective lender.
It depends on the specific tenure and the interest rate. Let’s say you want to check the 5 lakh personal loan EMI for 5 years. You can quickly check the amount on our personal loan EMI calculator.
You can use Aadhaar. You will also have to present income proof, like a salary slip, bank statements, and so on.
The chance of obtaining a 5 lakh loan without income proof is low. In the absence of valid income proof, you can consider pledging collateral and opt for a secured loan.
When you need 5 lakhs urgently, the fund can be disbursed within 24 hours on My Mudra.
My Mudra has multiple instant ₹5 lakh personal loan offers from the top lenders of the country. Apply for a 5 lakh loan with low interest and quick processing.
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