A Rs. 25 Lakh personal loan can help you sail through any financial emergency be it home renovation, higher education, wedding, medical urgency, and so on. Personal loans are a great way to deal with any cash crunch as they do not require you to pledge any collateral in the form of a property, gold, etc. You can repay these loans in usually up to 5 years tenure and they come at affordable interest rates too. All you need to do is apply for the loan online and submit some basic documents.
You can easily avail of a Rs. 25 Lakh loan online through various modes like from the official website of the lender, mobile app, or MyMoneyMantra. Almost every bank and non-banking financial company (NBFC) in India offers personal loans to salaried as well as self-employed individuals. Applying for a personal loan of 25 Lakhs online is easy, instant and hassle-free. You just need to open the official website or mobile app of the loan provider, fill in the online application form, provide the required documents, and click on submit. Once your loan application is approved and you agree with the terms and conditions of the lender, the funds will be transferred to your bank account within a few hours.
If you wish to apply for a personal loan upto 25 Lakhs, you will have to meet the following eligibility criteria first:
*The eligibility criteria for Rs. 25 Lakhs personal loan, such as the age, income, and credit score requirements varies from lender to lender.
If you need 25 Lakhs loan, you must meet the eligibility criteria mentioned above and furnish the following set of documents along with the duly filled in and signed application form and recent passport size photographs:
|PNB Personal Loan||11.40%|
|SBI Personal loan||11.05%|
|Navi Personal Loan||9.9% onwards|
|ICICI Bank Personal Loan||10.50%|
|Kotak Personal Loan||10.50% till 24th Oct|
|HDFC Personal Loan||10.75% - 25%|
|Bajaj Finserv Personal Loan||13.25% onwards|
The Personal Loan Interest Rates given above may vary depending upon the borrower’s requirement for the loan, their age, income, occupation, credit score and other factors.
You can apply for a 25 Lakh loan for business or personal financial requirements by following the steps mentioned below:
You can utilise a personal loan upto 25 Lakhs for a variety of purposes including the ones mentioned below:
Vacation: You can get a personal loan for travel and go to any destination of your choice across the world. The loan covers all your travel expenses including visa & passport, air fare, local transportation, hotel accommodation, meals, activities, and so on.
Wedding: You can utilise a personal loan for planning a wedding of yourself or your children. In India, you can turn your wedding into a grand celebration with a personal loan for wedding. These Marriage Loans help you cover expenses like venue booking, accommodation of guests, gifts for relatives, shopping, jewelry, catering, and so on.
Home improvement: If you wanted to give your home a new look a personal loan can be a great option for home improvement. You can ustilise the loan amount for paint, repair work, remodeling, buying new household equipment, furniture shopping, and so on.
Balance transfer: You can transfer you high-interest personal loan loan to a new lender at attractive interest rate. This facility is called Personal Loan Balance Transfer. Most banks and NBFCs offer this facility. This facility helps in reducing the interest rate on the loan or changing the tenure of the loan.
Medical emergency: Medical emergencies can occur any time and insurance money may not be enough to cover expensive treatments and checkups. Personal loans are a great tool to cover any unexpected medical emergencies. These loans are instant and easy to get, making it a perfect choice during medical emergencies.
Debt consolidation: If you have multiple ongoing EMIs and credit card bills, you can opt for a Debt Consolidation Loan (which is a type of personal loan) and conclude all your obligations under a single loan. It is a gret way to pay a single EMI for all your loans each month.
You can calculate your EMI for 25 Lakhs personal loan for different interest rates and tenures with an online Personal Loan EMI Calculator. Follow the steps given below for EMI calculation:
Following is the table for 25 Lakh personal loan EMI for 5 years and 25 Lakh loan EMI for 10 years for different banks:
|Banks||Interest Rates||25 Lakh Loan EMI for 5 Years||25 Lakh Loan EMI for 10 Years|
|SBI Personal loan||10.30% to 12.30%||Rs. 53,487 to Rs. Rs. 55,991||Rs. 33,454 to Rs. 36,303|
|PNB Personal Loan||9.80% to 14.15%||Rs. 52,872 to Rs. 58,365||Rs. 32,761 to Rs. 39,042|
|ICICI Bank Personal Loan||10.25% to 19%||Rs.53,426 to Rs. 64,851||Rs. 33,385 to Rs. 46,668|
|HDFC Personal Loan||11.25% to 16%||Rs. 53,735 to Rs. 67,633||Rs. 33,734 to Rs. 49,983|
|Kotak Personal Loan||10.99% to 24%||Rs. 54,344 to Rs. 71,920||Rs. 34,423 to Rs. 55,120|
|Bajaj Finserv Personal Loan||13% onwards||Rs. 56,883 onwards||Rs. 37,328 onwards|
Additional Info: Check Personal Loan for Women & Apply.
Now get IDFC First Bank personal loan of Rs. 20000 to Rs. 1 Crore at lowest interest rate starting from just 10.49% per annum and the processing fee is 1.5%-2% of the sanctioned limit + GST.
SBI, ICICI, HDFC and PNB are some of the best lenders to avail of personal loans of Rs. 25 Lakhs right now as they offer low-interest rates and long tenure compared to the ther lenders.
Rs. 25 lakh personal loan interest rate varies from 10.49% to 36% p.a. in India.
The best way to get Rs. 25 lakhs immediately is by applying for the loan online through the lender’s website or from our online portal.
You can avail of the lowest interest rate on 25 lakhs loan by adding more source of income (like freelance, rent, deposits, spouse's income, etc.). You can also enhance your credit score to get the cheapest interest rate on the loan.
The interest rate for SBI personal loan 25 Lakh ranges from 10.49% to 36%, depending on various eligibility factors and personal loan scheme opted by you.