Which bank offers a Rs. 10 lakh personal loan?

Many leading banks and financial institutions in India, such as Axis Bank, HDFC Bank, NB InstaCash, etc. offer personal loans of up to Rs 10 lakh. But the condition is that you must meet their eligibility criteria related to income, credit score, employment status, and repayment capacity.

• Among them, Axis Bank is a popular option, offering personal loans ranging from Rs 50,000 to Rs 40 lakh with interest rates starting from 9.99% per annum and repayment tenures of up to 84 months.

• For a Rs 10 lakh personal loan, Axis Bank generally prefers salaried applicants aged 21–60 years, with a minimum monthly income of Rs 15,000 for existing customers and Rs 25,000 for new customers. A CIBIL score of 720–750 or higher can significantly improve approval chances and help secure better interest rates.

• Apart from Axis Bank, several major lenders such as State Bank of India, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank also provide personal loans that can exceed Rs 10 lakh, subject to eligibility and credit assessment.

• The exact amount sanctioned depends on factors such as your monthly salary, existing EMIs, employer profile, debt-to-income ratio, and credit history. In most cases, borrowers earning Rs 40,000–Rs 60,000 or more per month with a strong repayment record have a better chance of qualifying for a Rs 10 lakh personal loan.

Before applying, compare interest rates, processing fees, prepayment charges, and EMI obligations across banks. Using a personal loan EMI calculator can help determine whether a Rs 10 lakh loan fits comfortably within your monthly budget and long-term financial goals.

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In India, many banks and NBFCs (Non-Banking Financial Companies) offer personal loan 10 lakh or more, subject to eligibility criteria like salary, employment stability, credit score and repayment capacity.These are unsecured loans, meaning no collateral is needed, only your documents and creditworthiness are evaluated.

Which Banks Offers a Personal Loan of 10 lakh?

• Axis Bank provides personal loans up to Rs. 10 lakh with minimal documentation, competitive interest rates, and flexible repayment terms. Eligibility typically includes minimum income criteria and a good credit score. Applications can be processed online with eKYC and digital verification.

• ICICI Bank’s personal loan products include Rs. 10 lakh loan options that can be used for a variety of needs like medical expenses, weddings, travel, and renovations. The loan usually features quick online applications and disbursal after verification.

• Kotak Mahindra Bank offers personal loans up to Rs. 10 lakh available to salaried and self-employed applicants with documented income proof and a satisfactory credit profile. Their online application process is user-friendly.

Non-Bank Lenders & Fintech Platforms:

• Bajaj Markets / Bajaj Finserv: Offers unsecured loans including Rs. 10 lakh and above, often with flexible tenures.

• Moneyview: Digital lender offering up to Rs. 10 lakh with quick approvals for eligible applicants.

• Credyfi: Another fintech platform providing instant access to large-ticket personal loans with online processing.

• Tata Capital: Provides high-value personal loans including Rs. 10 lakh with quick digital disbursement.

Eligibility & Tips:

• Most lenders require a minimum income threshold, often Rs. 25,000+ monthly.

• A good credit score (700+) improves approval chances and interest rates.

• Existing customers or salary account holders with the bank often receive pre-approved offers or faster processing.

I hope this helps!