Loan Amount (in rupee)
₹
- 3000
- 5L
Interest Rate (%)
- 6
- 38
Loan Term (in months)
- 3
- 72
Your EMI is
₹ 0.00
Total Interest
₹ 0.00
Total Amount Payment
₹ 0.00
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A ₹2 lakh personal loan is an unsecured loan that offers quick access to funds for a variety of needs, such as emergencies, home renovations, or important purchases. Whether it’s a medical emergency, or a financial plan you’ve been saving for, not having the funds available at the right time can leave you in stress.
But, today getting a ₹2 lakh personal loan has never been easier. Thanks to online platforms, you can apply in just a few simple steps—no more long queues or extensive paperwork. With fast approval and minimal documentation required, you can get the money you need quickly. Let’s read about it more!
Whether you need instant cash for a sudden expense, or just want to book tickets to your favourite destination, you can use a ₹2 lakh personal loan for just about every need, and apply for one from wherever you like (no questions asked)!
Not only this, a ₹2 lakh loan on aadhar card is easy to avail & easier to repay. Here you can get approved for personal loan of this amount within 60 seconds without any paperwork or collateral & pay later in flexible EMIs. Enjoy competitive interest rates starting at just 1.5% per month, making it simple to manage your loan while addressing your financial needs.
An instant loan can help you meet all your needs & dreams that come at a price, and this is how it can make that an even better experience for you:
Say goodbye to waiting for days for a loan approval because with our unique underwriting, you can get approved for a loan in 60 seconds.
You can borrow the money you need now & pay later in 6, 9 & 12 EMIs based on your preference.
We offers personal loans at a very competitive interest rate starting at just 1.5% (monthly)
All we need is your PAN & Aadhaar. Apply for a personal loan up to ₹2 lakh in less than 6 minutes without any document uploads or paperwork.
Get instant access to the cash you need without having to worry about your assets because we offers unsecured loans.
Calculating EMI for your personal loan can help you choose your personal loan repayment tenure and compare loan offers across various lenders.
Here is the formula you can use to calculate EMI for a ₹2 lakh loan:
E = 200000 x R x (1+R)^N / [(1+R)^N-1], where
E is your personal loan EMI amount
R is the monthly interest rate
N is the no. of months of EMI payment
You only need these to complete your application for an instant loan on our app:
You only need to enter your PAN & Aadhaar number along with a few other details to get a loan offer & to complete your KYC. (Physical copy not required)
You will need to do a selfie-based verification after you’re approved for a loan from us. Since this is real-time photo verification, you don’t need to upload any documents.
You can apply for a higher loan limit here just by uploading your bank statement for the last 4 months.
Looking for a quick & simple way to get a personal loan? Check out a few simple eligibility criteria of us for getting approved for an instant ₹2 lakh loan!
21 years or above
Indian with a valid PAN & Aadhaar card.
Salaried individual
Monthly income of at least ₹15,000
Age: Age can affect loan tenure and repayment capacity. We offers personal loans up to ₹2,00,000 for the age above 21 years.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting at as low as 1.5% (monthly) |
| Loan Processing Charges | Processing fees from 2% to 6% on every loan |
| Penalty on Overdue EMIs | Late payment penalty charges & overdue interest will be charged to your total outstanding loan on a daily basis |
Repaying your loan with us is as easy & flexible as applying for it.
We offers personal loan repayment options that are realistic and well suited to your budget so you can comfortably manage your finances. You can borrow the money you need now and pay later in 6, 9 or 12 EMIs, based on your preference.
For example: This is what your repayment tenure will look like when you take a ₹2 lakh instant loan at an 18% annual interest rate.
| Loan Amount | Interest Rate (p.a.) | Tenure (in months) | EMI in Rs |
|---|---|---|---|
| Rs 200000 | 18% | 6 | Rs 35105.04 |
| 9 | Rs 23921.96 | ||
| 12 | Rs 18336 |
*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.
You can use a ₹2 Lakh Personal Loan for various purposes such as :
Provides quick funds for emergency or planned medical treatments without collateral.
Covers home improvement expenses, letting you upgrade your space without depleting savings.
Helps fund travel expenses, whether domestic or international, allowing you to pay over time.
Specifically designed to finance wedding expenses, from venues to arrangements, easing financial stress on your big day.
Applying for a personal loan can be completed within 6 minutes. Here are the steps:
You can use this formula E = 200000 x R x (1+R)^N / [(1+R)^N-1] to calculate your monthly payments where,
E is your personal loan EMI amount
R is the monthly interest rate
N is the no. of months of EMI payment
Or you can use Zype’s ₹2 lakh loan EMI calculator to calculate your monthly EMIs.
Yes, even if you’re new to borrowing, you can get approved for a personal loan on Zype. You only need to be a salaried individual with a valid PAN card & a minimum monthly salary of ₹15000 to get approved for an instant ₹2 lakh loan.
Yes, you can! On Zype, you can get a ₹2 lakh loan on Aadhaar card & PAN, without having to upload any documents.
Yes, you can. Zype offers personal loans to any salaried individual who’s 21 years old & above, has a valid PAN card & a minimum monthly salary of ₹15000.
Getting a ₹2 lakh personal loan with a ₹15,000 monthly salary may be challenging. Lenders typically look at your income to assess your repayment ability. With a lower salary, you may need to demonstrate a good credit score, stable employment, and a lower debt-to-income ratio. However, some lenders may approve smaller loan amounts or offer loans with stricter terms.
There are many loan apps that offer instant personal loans. Zype is such an app where you can apply for a loan in less than 6 minutes just by filling out some basic details, your PAN & Aadhaar number.
The monthly EMI you pay on your personal loan depends on your approved loan amount, interest rate offered, & the selected loan tenure.
The loan tenure for a ₹ 2 lakh personal loan on Zype ranges from 6-12 months. You can choose your repayment plan based on your preference.
The EMI for a ₹2 lakh loan depends on the interest rate and loan tenure.Use an ₹2 Lakh Personal Loan EMI calculator to get an exact figure based on your loan details.
To get ₹2 lakhs quickly, consider applying through online personal loan platforms that offer fast approvals. Ensure you meet the eligibility criteria and provide the required documents (PAN card, income proof, bank statements. Online apps like Zype offer instant loans with minimal paperwork and approval within hours.
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