20 Lakh Personal Loan

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20 Lakh Personal Loan from 9.99% p.a. – Compare 50+ Banks & NBFCs

Looking for a 20 Lakh Personal Loan? At an indicative rate of 11% p.a., the EMI on ₹20 Lakh is about ₹65,477 per month over 3 years, or about ₹34,245 over 7 years. Free eligibility check, offers from 50+ lenders.

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9.99%

Interest Rate p.a. onwards

₹20 Lakh

Loan Amount

7 Yrs

Maximum Tenure

12 hrs

Avg. Approval Time

Why Choose Us

Everything You Need for a 20 Lakh Personal Loan

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Competitive Interest Rates

Rates from 9.99% p.a. We compare 50+ lenders to find the lowest rate for your profile.

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Quick Approval

Approval in about 12 hrs for eligible applicants, with digital KYC.

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Minimal Paperwork

A short document list and online application, no running around.

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50+ Lenders

Banks and NBFCs compared side by side, so you pick the best offer.

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Transparent Charges

Know the processing fee, prepayment and foreclosure charges before you commit.

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Expert Guidance

A loan expert calls you within 30 minutes and helps you through approval.

Requirements

Eligibility & Documents

✅ Eligibility Criteria

Age 21–60 years (at loan maturity)
Minimum net monthly income of ₹20,000–₹25,000 (varies by city and lender)
CIBIL score of 700+ preferred; select NBFCs consider 600+
At least 6–12 months in current job (salaried) or 2 years of business vintage (self-employed)
Indian resident with valid KYC

📄 Documents Required

PAN Card & Aadhaar Card
Latest 3 months' salary slips / last 2 years ITR (self-employed)
Last 3–6 months' bank statements
Address proof and recent photograph
Company ID card / office address proof (salaried)

About

All About 20 Lakh Personal Loan

Looking for a 20 Lakh Personal Loan? At an indicative rate of 11% p.a., the EMI on ₹20 Lakh is about ₹65,477 per month over 3 years, or about ₹34,245 over 7 years. Your actual rate and limit depend on your income, existing EMIs and CIBIL score, so compare offers from 50+ lenders before you apply.

Indicative EMI of ₹65,477 to ₹34,245 per month depending on tenure
Lenders usually look for a monthly income of about ₹68,000 or more for the longest tenure (EMIs near 50% of income)
Total interest falls sharply if you choose a shorter tenure or prepay

EMI on ₹20 Lakh at 11% p.a. (indicative)

Tenure	Monthly EMI	Total Interest	Total Payment
3 years	₹65,477	₹3,57,188	₹23,57,188
5 years	₹43,485	₹6,09,091	₹26,09,091
7 years	₹34,245	₹8,76,569	₹28,76,569

Figures are indicative and use a fixed rate of 11% p.a. Your final rate is decided by the lender. Try the EMI Calculator for your own numbers.

How to get a 20 Lakh Personal Loan

Apply online by sharing a few basic details.
Compare offers from 50+ banks and NBFCs through our expert.
Complete digital KYC and upload documents.
Get approved and receive funds in your bank account.

Our Partners

50+ Banks & NBFCs

FAQs

Frequently Asked Questions

What is a 20 Lakh Personal Loan? ▾

What is the interest rate on a 20 Lakh Personal Loan? ▾

Rates start from 9.99% p.a. and vary by lender, loan amount, tenure, income and CIBIL score. After a quick eligibility check we show you the best offers for your profile from 50+ banks and NBFCs.

What documents are needed for a 20 Lakh Personal Loan? ▾

Typically pan card & aadhaar card, latest 3 months' salary slips / last 2 years itr (self-employed), last 3–6 months' bank statements, address proof and recent photograph. The exact list depends on the lender and your profile.

How do I apply for a 20 Lakh Personal Loan on CibilBazaar? ▾

Fill the short application form, and our loan expert will call you within 30 minutes with the best offers. You compare, choose and complete KYC digitally. The service is free for borrowers.

What salary is needed for a ₹20 Lakh loan? ▾

Lenders generally keep total EMIs within about 40–50% of your monthly income. For this amount that usually means an income of around ₹68,000 per month at the longest tenure, subject to your existing obligations and lender policy.

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