Personal Loan of Rs 2 Lakh

Are you in need of financial assistance and feel you can’t dig out enough money on time? A personal loan might just be what you need to manage the situation.

Personal loans are for people who have a sudden financial need or don’t have sufficient funds to cover an expense. A 2 lakh personal loan can help you meet several sudden expenses without worrying about the cost. At Housing.com, you can easily get personal loans for 2 lakhs at attractive interest rates.

Purpose of 2 lakh Loan

A 2 lakh personal loan can be used for various expenses. Below are some of them.

• It can be used for medical emergencies like major treatments or surgeries or to buy expensive medications.
• It can be used to manage extra expenses for weddings or celebrations.
• It can be used to manage the expenses of a tour. With 2 lakhs, you can very well go on an International tour.
• It can be used for educational purposes.
• Use it for home renovation purposes. Design your home the way you like it.
• Use it to buy new electronic gadgets and appliances like TVs, refrigerators, playstation, etc.
• Use it to pay credit card bills or close a debt.

Features & Benefits of 2 lakh loan

What are the features and benefits of a 2 lakh loan? Read below to find out.

• Attractive interest rates between 18% and 44%. The higher your credit score, the lower your interest rate.
• There is no need to submit collateral to get the loan.
• Personal loans follow a minimal documentation process. You only need to fit the eligibility criteria and submit the required documents.
• Instant loan approval in under 3 minutes, with loan disbursal within 24 hours.
• There is no end-use restriction for personal loans. You can use it for any financial purpose.
• A flexible tenure of 9–42 months for salaried and 6–36 months for self-employed. You can alter your tenure to suit your financial needs.
• Get your personal loan from where you are. Our loan application and disbursal process is entirely digital.

Calculate your EMI for a 2 lakh personal loan

Want to know how much EMI you will get for your 2 lakh personal loan? Use our EMI calculator to know your EMI and manage your finances accordingly.

You only need to enter your loan amount, tenure, and interest rate to know how much you will pay for your monthly EMI. Increasing your loan tenure can decrease your EMI if the EMI is more than what you can manage.

Eligibility Criteria & Documents Required for 2 lakh Personal Loan

At Housing.com, we have some requirements you must meet if you wish to apply for a personal loan. As long as you meet the requirements, you can get instant approval, and the cash will be credited to your account within 24 hours.

Eligibility Criteria

• Age:19–60 years
• Income:A stable income source with a monthly income of a minimum of Rs. 15,000/-
• Employment:

  Salaried or self-employed

• Credit score:Minimum 700 for salaried, minimum 720 for self-employed
• Nationality:Indian citizen

You should also meet the minimum income requirement of your city of residence.

Documents Required

Aadhar card, PAN card, Passport, Voter’s ID, or Driver’s License (any one)

Aadhar card, utility bill, ration card, or rental agreement (any one)

Salary slips or bank statements of the past 6 months (any one)

Colored passport-sized photograph