Personal Loan of Rs 2 lakhs 2022

Income from salary does not always meet up to the additional expenses which come our way. For such expenses that usually arrives unnoticed, personal loans can turn out to be a savior. Personal loans of up to Rs 2 lakh can be your solution to sort out expenses of such kind.

You can utilize those funds to buy home appliances, to purchase a two-wheeler, to renovate your home, to pay medical bills, etc.

• Simple documentation – To apply for the loan, an applicant needs to submit only a few minimal KYC documents.
• Instant approval – The application process is completely streamlined giving the user the most hassle-free experience. The loan approval is done instantly on meeting the eligibility criteria.
• Loan disbursal in 24 hours – If the loan gets approved, the disbursement is done in a span of 24 hours.
• Pre-approved offers – The customers are offered pre-approved personal which gives instant cash loan approval, making the process easy and convenient.
• No hidden charges – The terms and conditions are transparent of the loan.
• Flexible repayment tenor – Repayment is allowed up to 60 months for the loan.
• No collateral – As it is an unsecured loan, an applicant is not required to pledge any collateral as security.
• Online access – The entire loan process is done online which eliminates the need of customers to do numerous rounds of the banks.
• Up to 45% less EMIs – Loan EMIs are reduced up to 45% with this loan. An applicant is required to fill the application form online and few basic documents which are of basic KYC.

Personal loan of Rs 2 lakh is available at an interest rate of 10.99% p.a. The processing fee is charged at 0.99% to 2.50% of the loan amount. The Flexi loan is available for a tenure of up to 60 months.

• EMI Calculation of Rs 2 lakh loan amount at an interest rate of 13.5% p.a for 4 year tenure.
• Loan EMI – Rs 5,415
• Total Interest Payable – Rs 59,932
• Total Payment(Payment + Interest) = Rs 2,59,932

• An applicant applying for Rs 2 lakh loan must be aged between 22 years to 55 years of age.
• Must be a resident of India.
• Must be a regular source of income.
• Must be working for an MNC, private or public limited company. 
• Must be having KYC documents
• Should submit last 2 months salary slip
• Should submit last 6 months bank statement

• Passport size photograph
• Application form
• Identity Proof
• Address Proof
• Bank Statement
• Salary slips

Afinoz is a marketplace to compare loan products and apply for the best loans suitable for the purpose. It offers real-time loan accessibility by our lenders. Approval of loan application is done within a very short span of time. A borrower looking for a personal loans can download the Afinoz App from Google play store for free. One only needs to fill the application form and submit only a few basic documents of KYC. On meeting the eligibility criteria the loan is disbursed by the chosen lender very shortly.