Do you need 10 lakh loan urgently? Whether you need the money to meet any unexpected medical expense that insurance won’t cover or to pay any wedding expenses or pay for your kids’ college admission fees you can get it from us.

We at Piramal Finance offer a personal loan of 10 lakh to all eligible applicants at affordable interest rates. Meet your urgent financial need in no time and enjoy easy EMI repayments for your preferred loan tenure.

How to get a 10 lakh Personal Loan from Piramal Finance?

You can easily apply for a personal loan of up to 10 lakh at Piramal Finance. Simply follow these steps:

  • Step 1:
    Go to Piramal Finance Personal Loan 10 lakh Page.
  • Step 2:
    Click on Apply Now
  • Step 3:
    Enter your mobile number linked to your bank account.
  • Step 4:
    Enter the OTP received on your mobile number.
  • Step 5:
    Enter the required document and verify the same
  • Step 6:
    Bank account verification
  • Step 7:
    Income Verification
  • Step 8:
    Check the Loan Final Offer, Accept, and continue the final process.

Once you finish the last step in 24 hours, we will deposit a 10 lakh personal loan into your verified bank account.

Key Features of the Personal Loan

Instant Disbursal

Enjoy same-day 10 lakh personal loan disbursal at Piramal Finance. Once you fill out the application form and submit all required documents, we waste no second to start the verification procedure. We only take a few minutes or an hour to complete verification. If successful, we will approve the loan immediately and disburse the loan amount within 24 hours.

Attractive Interest Rates

Our reasonable interest rates help you get an easy and affordable 10 lakh loan EMI amount for the entire loan tenure. You can get a quick loan of 10 lakh from us. The interest rate is low, at 12.99% per annum. This rate is better than what other loan providers offer.

Paperless Loan Application

Our application process for a personal loan of 10 lakh is completely paperless and digital. Now you can get money for your urgent needs in the comfort of your home or anywhere else. You won’t have to visit the branch physically for anything, not even for KYC verification. Save yourself the hassle of managing and providing dozens of paperwork with us.

Collateral-Free Loan

We at Piramal Finance do not ask for any collateral during the personal loan application process. We ask only for your address, income, and ID proof to lessen our processing time and keep things simple. So, save yourself the trouble of mortgaging any precious asset with a personal loan from us.

Flexible Repayment Options

We allow you to select the loan repayment tenure as per your preference. If you want to pay off the loan in a year, you can do that with us. If you seek an easy and affordable 10 lakh personal loan EMI for 5 years, you can select the tenure to be five years (maximum limit)

EMI Calculation

Below is a table representing the 10 lakh personal loan EMI for 5 years, 4 years, 3 years, 2 years, and 1 year at a standard interest rate of 12.99*%pa.

YearPrincipal AmountInterest PayableTotal AmountAvg. Monthly EMIOutstanding Balance
₹ 1,67,341
₹ 1,05,696
₹ 2,73,037
₹ 22,753
₹ 8,32,659
₹ 1,78,853
₹ 94,185
₹ 2,04,778
₹ 17,065
₹ 6,53,806
₹ 1,90,439
₹ 82,598
₹ 2,73,037
₹ 22,753
₹ 4,63,367
₹ 2,16,726
₹ 56,311
₹ 2,73,037
₹ 22,753
₹ 2,46,641
₹ 2,46,641
₹ 26,396
₹ 2,73,037
₹ 22,753
₹ 0

Factors Responsible for ₹1000000 Personal Loan Interest Rate

Now getting a 10 lakh personal loan from Piramal Finance is easier. Avail of a personal loan at a reasonable interest rate starting from 12.99*%pa. We compute and offer our interest rates to the customer based on the following factors.


Your age plays a crucial role in deciding your personal loan interest rate of 10 lakh. To apply for a personal loan, you must be at least 21 years old.

However, we set the maximum age for applying for an instant personal loan at 58 years. Younger applicants have a better chance of repaying the loan compared to older applicants. As a result, a younger applicant qualifies for a lower interest rate than an older applicant.

Credit Score:

We prioritize applicants who have a credit score of 650 or higher for a 10 lakh personal loan. A person with such a credit score is more creditworthy, and their chances of obtaining a low-interest personal loan increase significantly. Piramal Finance, on the other hand, offers loans to people with low credit scores.

Employment Status:

Your 10 lakh personal loan interest rate becomes low when you have a stable employment record and steady income. Applicants working in top private sector firms, PSUs, or government agencies are less likely to default repayments as their salaries are always credited on time.

Work Experience:

A salaried person with at least two years of work experience and a self-employed person with at least a year of active business profile are both considered highly eligible for a 10 lakh loan. The more work experience you have, the better your ability to repay the loan and the lower your interest rate.

Documents Required for Availing of a Personal Loan of Rs. 10 Lakh

Need a 10 lakh loan urgently? You need to submit some essential documents to validate your ID, address, and income. This table outlines all the documents required for availing of a personal loan of 10 lakh:

Document TypeFor Self-Employed Individuals For Salaried Individuals
ID Proof
Aadhaar card, driving license, passport, pan card, voter id
Aadhaar card, driving license, passport, pan card, voter id
Residence Address Proof
Aadhar card, voter id, utility bills, driving license
Aadhar card, voter id, utility bills, driving license
Office Address Proof
GST registration certificate
Not applicable
Income Proof
P/L account and balance sheet for the previous three years, ITRs for the last three years, bank account statement of business account
Bank account statement of salary account, salary slip of the last three months, form 16

Fees and Charges for Personal Loan of ₹10 Lakh

We at Piramal Finance offer a 10 lakh instant loan at reasonable interest rates and with no hidden costs. The table below represents all the fees and charges associated with such a loan on our platform:

Features & FeesDetails
Personal Loan Interest Rates12.99%* p.a. onwards
Loan Amount ₹ 25,000 to ₹ 5,00,000
Processing FeesUp to 5% plus applicable taxes
Loan Tenure5 - 60 months tenure
Prepayment Charges ₹ 0
Foreclosure Charges₹ 0
Stamp DutyAt actuals (as per state)
Cheque Bounce Charges₹ 500 plus applicable taxes
EMI Bounce Charges₹ 500 plus applicable taxes
EMI Pickup/Collection Charges₹ 250 per visit plus applicable taxes
Cash Collection Charges1% of collection amount of Rs. 50000 and above in cash + taxes
Change of Loan Repayment Mode₹ 500 plus applicable taxes
Loan Cancellation after DisbursementInterest accrued & due plus applicable taxes
Loan Repayment Schedule (applicable for physical copies only)₹ 500 plus applicable taxes
Change of Loan Repayment Mode₹ 1000 plus applicable taxes

പതിവായി ചോദിക്കുന്ന ചോദ്യങ്ങൾ

What is the processing time for a Rs 10 lakh personal loan?
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Can I get a personal loan of ₹10 Lakh without any collateral?
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What Credit Score Do I Need For an instant 10 lakh Loan?
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Can I avail Rs 10 lakh Loan without Documents?
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Why choose Piramal Finance for a 10 lakh rupees loan?
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Can I get a 10 lakh Loan on Aadhar card and PAN card?
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