Features & Benefits of a 2 Lakh Personal Loan
Competitive Interest Rates
Collateral-Free Loan
Paperless Loan Application
Flexible Repayment Option
Instant Disbursal
Factors Responsible for ₹2 Lakh Personal Loan Interest Rate
Piramal Finance offers a Rs. 2 lakh personal loan with attractive interest rates starting at 12.99% p.a. We base the interest rates on age, employment status, and credit score.
Age:
To qualify for a personal loan of 2 lakhs, you must be between the ages of 21 and 58. We often consider younger applicants more creditworthy to repay a loan and offer them lower interest rates. People between 50 and 60 may receive a higher interest rate due to the risk of defaulting on a personal loan.
Employment Status:
You must have a steady income to be eligible for a Rs. 2,00,000 personal loan. Government, private, and PSU employees receive loans quickly with lower interest rates because their employers pay their salaries on time. This reduces the risk of being unable to repay the loan.
Credit Score:
Another important factor that helps decide your interest rate is your credit score. If you have a high credit score, we consider you more creditworthy. This could result in a lower interest rate, especially if you have a CIBIL score of 650 or above.
However, we at Piramal Finance offer applicants loans with competitive interest rates even if they have low credit scores.
Different Types of Personal Loans
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The processing time for a Rs. 2 lakh personal loan from Piramal Finance is approximately 24 hours. We give out the loan in 24 hours after we verify valid digital documents.
At Piramal Finance, you can get a 2,00,000 personal loan without collateral.
To get a loan of Rs. 2 lakh, you need a credit score of 650 or more. Furthermore, a steady monthly income, a favourable credit repayment record, and meeting specific age requirements are also essential.
We will allow your INR 2,00,000 personal loan application if you submit specific documentation. The documents needed are your photo ID, income proof, and address proof.
You must choose Piramal Finance for an INR 2 lakh personal loan for various reasons. Some of these include:
You can get a 2 lakh loan on your Aadhar and PAN card. These are the essential documents for verification.
With real-time KYC document verification, you can quickly get a Rs. 2,00,000 personal loan using your Aadhar card. Linking your PAN and Aadhar cards to your mobile number simplifies verification, enabling smooth communication and speeding up loan disbursal.
