Handle financial emergencies with personal loan of up to ₹15 lakhs. Personal loan can cover all kinds of personal expenses, be it medical bills, travel expenses, funding a wedding, or renovating your home.
Many banks and NBFCs offer personal loans of 15 lakh at low interest rates to help you reach your financial aspirations. Get started now to check your eligibility, interest rates and other fees and charges and avail ₹15 lakh loan to achieve your dreams.
Interest rates play a vital role in determining the cost of borrowing. As of 2023, interest rates for a personal loans of 15 lakhs are highly competitive among various banks. Personal loan interest rates vary based on factors such as the borrower's credit history, income, and relationship with the bank. Additionally, banks may levy processing fees, prepayment charges, and late payment fees.
|15 Lakh Personal Loan Interest Rate
|11.99% p.a. onwards
|Up to 5 years
Different banks have varying eligibility criteria for a personal loan of 15 lakhs. However, here are some of the common factors of eligibility that the lenders might have:
Not sure of your credit score? Check it now!
The documentation process for a ₹15 lakh personal loan may vary based on the lender. The required documents generally include:
It is wise to compare the personal loan interest rate of all the banks before finalising a lender. Here's a comparison of interest rates offered by some of the leading banks for a ₹15 lakh personal loan in 2023:
|Interest Rate (p.a.)
|Kotak Mahindra Bank
Read Less*Remember, these rates are subject to change, and it's crucial to check with the respective banks for the most updated information.
Before taking a loan, it's essential to know the Equated Monthly Installment (EMI) you'll be paying. Several online EMI calculators are available that can help you determine the monthly outflow based on the loan amount, tenure, and interest rate. You can use the EMI calculator given here to calculate your EMI for ₹15 lakh personal loan.
|Loan Paid to Date (%)
The EMI for a ₹15 lakh personal loan varies based on the loan tenure. Here's an approximate EMI calculation for different tenures at an interest rate of 10%:
A Personal loan of 15 lakh is a good amount that can serve various purposes and has become popular due to their flexibility and quick processing. Some common features and benefits of a 15 lakh personal loan include:
Buddy Loan provides an easy way for you to apply for a personal loan. Here are the step-by-step process to apply for a ₹15 lakh personal loan on Buddy Loan:
Take the next step!
A There are no restrictions on how the borrow uses the personal loan amount. A ₹15 lakh personal loan can serve a variety of purposes. Given below is a list of a few purposes of instant personal loan.
You can get a loan of Rs 1 lakh without income proof by applying with a bank or NBFC that offers loans based on your credit score, or by looking for a lender that offers a "no-income-verification" loan.
You can apply for a personal loan of 15 lakhs online through Buddy loan or you can also connect with the lender directly.
The EMI for a personal loan of 15 lakhs depends on the interest rate and the loan tenure you choose. Refer to the table give in this article to find out the the EMI for a loan tenure of 1 to 5 years at an interest rate of 11.99% p.a.
The minimum credit score required for a Rs 15 lakh personal loan is 750. However, some lenders may accept borrowers with lower credit scores, but they will likely have to pay a higher interest rate.
It is not possible to get a Rs 15 lakh loan without documents. Lenders need to verify your identity, income, and employment status before they can approve you for a loan. This is to protect themselves from lending money to people who are unable to repay it.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.