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.
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.
-
Row 1
- Year
- Principal Amount
- Interest Payable
- Total Amount
- Avg. Monthly EMI
- Outstanding Balance
-
Row 2
- 1
- ₹ 1,67,341
- ₹ 1,05,696
- ₹ 2,73,037
- ₹ 22,753
- ₹ 8,32,659
-
Row 3
- 2
- ₹ 1,78,853
- ₹ 94,185
- ₹ 2,04,778
- ₹ 17,065
- ₹ 6,53,806
-
Row 4
- 3
- ₹ 1,90,439
- ₹ 82,598
- ₹ 2,73,037
- ₹ 22,753
- ₹ 4,63,367
-
Row 5
- 4
- ₹ 2,16,726
- ₹ 56,311
- ₹ 2,73,037
- ₹ 22,753
- ₹ 2,46,641
-
Row 6
- 5
- ₹ 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.
- Age:
- 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.
- 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.
- 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:
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:
-
Row 1
- Document Type
- For Self-Employed Individuals
- For Salaried Individuals
-
Row 2
- ID Proof
- Aadhaar card, driving license, passport, pan card, voter id
- Aadhaar card, driving license, passport, pan card, voter id
-
Row 3
- Residence Address Proof
- Aadhar card, voter id, utility bills, driving license
- Aadhar card, voter id, utility bills, driving license
-
Row 4
- Office Address Proof
- GST registration certificate
- Not applicable
-
Row 5
- 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 personal 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:
Fees and Charges for Personal Loan of ₹10 Lakh
We at Piramal Finance offer a 10 lakh instant personal 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:
-
Row 1
- Features and Fees
- Details
-
Row 2
- Personal Loan Interest Rates
- {plintrestrate}* p.a. onwards.
-
Row 3
- Loan Amount
- ₹ 25,000 to ₹ 5,00,000.
-
Row 4
- Processing Fees
- Up to 5% plus applicable taxes.
-
Row 5
- Loan Tenure
- 3 - 60 months tenure
-
Row 6
- Prepayment Charges
- ₹ 0
-
Row 7
- Foreclosure Charges
- ₹ 0
-
Row 8
- Stamp Duty
- At actuals (as per state)
-
Row 9
- Cheque Bounce Charges
- ₹ 500 plus applicable taxes
-
Row 10
- EMI Bounce Charges
- ₹ 500 plus applicable taxes
-
Row 11
- EMI Pickup/Collection Charges
- ₹ 250 per visit plus applicable taxes
-
Row 12
- Cash Collection Charges
- 1% of collection amount of Rs. 50000 and above in cash + taxes
-
Row 13
- Change of Loan Repayment Mode
- ₹ 500 plus applicable taxes
-
Row 14
- Loan Cancellation after Disbursement
- Interest accrued & due plus applicable taxes
-
Row 15
- Loan Repayment Schedule (applicable for physical copies only)
- ₹ 500 plus applicable taxes
-
Row 16
- Change of Loan Repayment Mode
- ₹ 1000 plus applicable taxes
Different Types of Personal Loans
Home Improvement Loan
You can use the funds from a personal loan to complete renovations in your home. Moreover, you can also use the funds to expand your home.
Wedding Loan
Indian weddings can be expensive, but the funds from a personal loan will help you deal with the expenses
Travel Loan
If you are willing to travel to an exotic location, applying for a personal loan is the way to go.
Car Loan
You can buy your dream car with a flexible car loan, offering freedom of choice and fixed monthly payments.
Emergency Loan
Health insurance may not cover family medical emergencies. Emergency personal loans can help with medical crises.
Festival Loan
The festive season often comes with various expenses, which online insta loans can help cover.
Loan for Women
Empower yourself with a specially designed quick personal loan for women. It provides financial support for various needs with competitive interest rates and flexible repayment options.
Loan for Salaried Employees
Unlock financial flexibility with a personal loan designed exclusively for salaried employees. Get the loan quickly and conveniently.
Education Loan
You can borrow finance online to pay for housing and food while studying at a university in another city or country.
Personal Loan for Bike
Don't wait any longer to own your dream bike. Apply for a personal loan for a two-wheeler and get instant approval.
Get a Personal Loan from the Nearest Piramal Finance Branch
Personal Loan in
Frequently asked questions
There are various reasons why you need to choose Piramal Finance for a 10 lakh rupees loan. Some of these include:
- 100% digital and paperless loan process
- Minimal documentation requirement
- Collateral-free loan application procedure
- Attractive and competitive interest rates
- Flexible loan repayment tenures
- Quick verification and approval
- Convenient, instant, same-day disbursal
- User-friendly, 24/7 customer support service
By swiftly verifying your KYC documents, you can conveniently secure a personal loan of 10 lakh using your Aadhar card. Associating your PAN and Aadhar cards with your mobile number simplifies the verification process, enhances communication, and accelerates loan sanctioning.