2 Lakh Personal Loan
Life’s surprises don’t wait, whether it’s a medical emergency, home repair, or a personal need, quick access to funds can make all the difference. Finnable makes it easy to get a ₹2 lakh personal loan with minimal paperwork and instant approval. Apply in minutes and get the money you need, right when you need it. Simple, fast, and stress-free.
Paperless
Loan in 60 Minutes
No collateral
Key Features & Benefits
Low EMI’s
Enjoy lower EMIs with interest charged on the reducing balance method. As opposed to a Flat rate of interest, reducing balance ensures the EMI amount remains low.
Quick Disbursal
Enjoy the convenience of fast processing and quick approval, with funds directly credited to your bank account.
Flexible Loan Amount and Tenure
Choose a loan amount and repayment tenure that best fit your needs and financial capabilities.
Personal Loan Assistant
Please write to your loan assistant at makeiteasy@finnable.com for any support. We aim to provide you with a seamless and hassle-free experience.
Documents Required for Loan Application
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Identity Proof
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Aadhaar card
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Or any government provided
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Address Proof
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Aadhaar card
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Passport
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Voter ID card
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Utility bills (electricity, water, gas, etc.)
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Income Proof
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Latest salary slip or
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Bank statements
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Employment Proof
Interest Rates & Charges
- Interest Rate: Starting from 16% per annum
- Processing Fees: Processing fee upto 5% + GST
- Other Charges: Pre-payment and late payment charges may apply
Why Choose Finnable for a Personal Loan?
Quick Loan Disbursement
Get your ₹2 lakh loan approved and disbursed within just 6 hours of document verification.
Flexible and Digital Application
The entire process from application to disbursement is handled digitally. You can apply and track your loan from your mobile.
Simple Eligibility Criteria
Finnable offers easy-to-meet eligibility criteria, so you can apply confidently, even with a low credit score.
No Collateral Required
As an unsecured loan, you don’t need to pledge any property or asset to secure the ₹2 lakh personal loan.
Who Can Apply for a ₹2 Lakh Personal Loan?
To be eligible for a ₹2 lakh personal loan with Finnable, you must:
- Be an Indian citizen.
- Be between 21 to 55 years of age.
- Hold a full-time job in either the government or private sector.
- Have a monthly salary of ₹15,000 or more.
- Be employed with at least 6 months of total work experience.
Secure & Confidential Process
Your privacy and security are of utmost importance to us. Finnable employs 256-bit SSL encryption to ensure that all your personal and financial information remains protected throughout the loan application and disbursal process.
Why Finnable Stands Out?
- Trusted by thousands of satisfied customers across India
- Transparent pricing with no hidden fees
- Quick and hassle-free application process
- 24/7 customer support for all your queries
- User-friendly online portal for loan tracking and EMI payments
How to Apply for a Loan with Finnable?
Getting a personal loan through Finnable is straightforward and efficient. Here’s how it works:
Setup Profile
Sign up with your name, email, and mobile number. Verify your mobile number with an OTP and fill in your address and job details.
Choose Your Loan
Pick the loan amount you need, select the product, and choose a repayment period that suits you.
Upload Documents
Upload your ID proof, income proof, and address proof. Make sure the documents are clear, then submit them for verification.
EMI Options for ₹2 Lakh Personal Loan
Here’s the EMI breakdown for a ₹2,00,000 personal loan at 16% annual interest rate, using monthly compounding and standard EMI calculations:
| Loan Tenure |
EMI Amount | Total Interest Paid | Total Repayment (Principal + Interest) |
| 12 months | ₹18,143 | ₹17,720 | ₹2,17,720 |
| 24 months | ₹9,792 | ₹35,685 | ₹2,35,685 |
| 36 months | ₹7,032 | ₹53,152 | ₹2,53,152 |
| 48 months | ₹5,665 | ₹72,603 | ₹2,72,603 |
| 60 months | ₹4,868 | ₹91,439 | ₹2,91,439 |
Factors Affecting Your EMI:
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Interest Rate: Higher interest rates increase your EMI.
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Loan Tenure: A longer tenure reduces your EMI but increases total interest.
Common Uses of a ₹2 Lakh Personal Loan
A ₹2 lakh personal loan can be used for a variety of purposes, including:
- Wedding expenses
- Car loans
- Education loans
- Medical emergencies
- Home renovations
Apply Now and Get ₹2 Lakh in Your Account Today
With Finnable, securing a ₹2 lakh personal loan is just a few clicks away. There’s no need for lengthy paperwork, endless waiting, or multiple visits to the bank.
Ready to Get Started? Click on Apply Now to begin your application today.
