Do you need a 2 lakh loan urgently? Do you need money for your child's education, a dream vacation, or a medical emergency?

Piramal Finance offers a loan of 2 lakh to eligible applicants. The loan comes with low-interest rates. This loan can make life easier for you and your family.

How to get an Instant 2 lakh Personal Loan on the same day?

You can get an instant 2,00,000 loan on the same day at Piramal Finance with a few simple steps.

  • Step 1:
    Click on Apply Now and start your 2,00,000 Personal Loan application
  • Step 2:
    Enter your mobile number linked to your bank account.
  • Step 3:
    Enter the OTP received on your mobile number.
  • Step 4:
    Enter the required document and verify the same
  • Step 5:
    Bank account verification
  • Step 6:
    Income Verification
  • Step 7:
    Check the Loan Final Offer, Accept, and continue the final process.

You will receive the 2 lakh personal loan in your verified bank account after 24 hours.

Features & Benefits of a 2 Lakh Personal Loan

Competitive Interest Rates

The interest rate is one of the main factors to consider when selecting your personal Loan EMI. Therefore, we offer competitive interest rates that benefit our loan applicants who get affordable EMI amounts during their tenure. Get your Rs. 2 lakh personal loan now with interest rates starting at 12.99% p.a.

Collateral-Free Loan

We understand your situation and the need for a personal loan. Therefore, we do not ask you for collateral during the loan application process. However, we need details and proof of your ID, address, and income.

Paperless Loan Application

Applying for a personal loan for 2 lakh is now easy with Piramal Finance's paperless loan application process. We offer applicants a 100% digital experience where they can fulfill their financial needs from the comfort of their homes. A simple, hassle-free process ensures an easy and smooth loan journey.

Flexible Repayment Option

Piramal Finance offers repayment options that suit your needs. The shorter the loan tenure, the higher the EMI, and vice versa. Your loan tenure can range from 1 year to 5 years, depending on your preference.

Instant Disbursal

Get your 2 lakh loan amount disbursed instantly. Once you complete the application and submit all documents, we begin our verification process immediately. We take a few minutes to an hour to complete the verification. If all goes well, we will approve the loan application and disburse the amount in your account within 24 hours.

EMI Calculation

This table shows the EMI calculator for a ₹2 Lakh personal loan. It includes options for 5, 4, 3, 2, and 1 year loan terms, with a 12.99% interest rate.

YearPrincipal AmountInterest PayableTotal AmountMonthly EMIOutstanding Balance
₹ 32,755
₹ 21,853
₹ 54,608
₹ 4,551
₹ 167,245
₹ 37,276
₹ 17,332
₹ 54,608
₹ 4,551
₹ 129,969
₹ 39,272
₹ 15,336
₹ 54,608
₹ 4,551
₹ 90,697
₹ 42,420
₹ 12,188
₹ 54,608
₹ 4,551
₹ 48,277
₹ 48,277
₹ 6,331
₹ 54,608
₹ 4,551
₹ 0

Factors Responsible for ₹2 Lakh Personal Loan Interest Rate

Piramal Finance offers a Rs. 2 lakh personal loan with attractive interest rates starting at 12.99% p.a. We base the interest rates on age, employment status, and credit score.


To qualify for a personal loan of 2 lakhs, you must be between the ages of 21 and 58. We often consider younger applicants more creditworthy to repay a loan and offer them lower interest rates. People between 50 and 60 may receive a higher interest rate due to the risk of defaulting on a personal loan.

Employment Status:

You must have a steady income to be eligible for a Rs. 2,00,000 personal loan. Government, private, and PSU employees receive loans quickly with lower interest rates because their employers pay their salaries on time. This reduces the risk of being unable to repay the loan.

Credit Score:

Another important factor that helps decide your interest rate is your credit score. If you have a high credit score, we consider you more creditworthy. This could result in a lower interest rate, especially if you have a CIBIL score of 650 or above.

However, we at Piramal Finance offer applicants loans with competitive interest rates even if they have low credit scores.

Documents Required for Availing of a 2 Lakh Personal Loan

Need a 2 Lakh Loan Urgently? Below are some digital documents you must submit as part of the loan process.

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 ₹2 Lakh

Get a personal loan of INR 2 lakh at competitive interest rates. Below is a table of our fees and charges.

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 Tenure3 - 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 an INR 2 lakh personal loan?
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Can I get a personal loan of INR 2 lakh without any collateral?
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What credit score would I need for an INR 2 lakh personal loan?
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Can I avail INR 2 lakh personal loan without documents?
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Why choose Piramal Finance for a personal loan of 2 lakhs?
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Can I get a 2 lakh Loan on Aadhar card and PAN card?
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