Loan up to
₹ 2 Lakh
Quick
Approval
Quick Disbursal in
Bank Account
All-time
customer support

Different Types of Personal Loan Needs

While applying for a personal Loan you can check the details, especially the rate of interest, tenure and EMI as per the tenure which will help you have the personal loan to ensure robust financial planning by managing the cash crunch easily.

Household Emergency

Shopping Loan

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Travel Loan

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Emergency Loan

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Home Renovation Loan

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Loan for Clear Bil

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2 Lakh Loan Interest Rates and Charges

The interest and overall loan amount can be calculated with certain data such as the loan amount, tenure in months or years, rate of interest applied on the personal loan and processing fees if applicable. The EMI calculation can be calculated by using the following formula

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where:

P Borrowed Principal
loan amount
R Monthly interest rate ( where the annual rate can be divided by 12)
N Number of instalments i.e., (the loan tenure applied in months)
For example, if you are borrowing a 2 lakh loan for one year, with an interest of 11%, the EMI amount will be 17,776, and the total payable amount is 2,12,116.
Note - You can easily calculate these using an EMI calculator.

2 Lakh Loan EMI and Interest Rate For 1 Year


2,00,000

Loan Amount

11%

Rate of Interest

12,12,116

Total Repayment Amount

12,116

Total Interest

17,776

EMI Amount

2 Lakh Loan EMI and Interest Rate For 2 Year


2,00,000

Loan Amount

11%

Rate of Interest

12,23,718

Total Repayment Amount

23,718

Total Interest

9322

EMI Amount

Eligibility Criteria for 2 Lakh Personal Loan

Before applying for a 2 lakh personal loan, it is essential to check the eligibility criteria for personal loan and you must prepare yourself for the personal loan, especially with the documents and other possible factors. Basically the eligibility criteria for a personal loan depends on multiple factors and these are as follows.

1
Age
The borrower's age must be between 18 to 65 years old.
2
Employment
The income must be higher compared to the loan amount, especially for the salaried person.
3
CIBIL score
A credit score of the borrower must be above 750.
4
Documents
Documents required for a personal loan are Aadhar, PAN, salary slip, ITR, Bank Statement, rent agreement, utility bills, and all.

How to apply for a 2 Lakh Loan

Follow the application process by going through these steps such as

1
Click Apply Now and icon go to the application page
2
Enter the complete information including Name, contact details, and all
3
Upload your documents and submit the form
4
Get the response from our executive for the approval
5
Receive your loan amount and use the for your required purpose
6
Repay the loan amount as per your tenure

Personal Loan in different cities

Delhi
Ahmedabad
Chennai
Hyderabad
Mumbai
Pune
Kolkata
Gurgaon
Noida
Ghaziabad

Frequently Asked Questions

You can go through the website where you have to click on the apply now where you have to enter the details in the form.

The approval and disbursal time is less, especially when you meet all the eligibility criteria. So, if you are eligible for all the factors, you can get the approval in a few hours.

As per your requirements, CIBIL score, income and other eligibility criteria, you can apply for a higher loan amount also. It completely depends on your credit score and all.

Yes, if you are applying for a long-term loan, you can get it on EMI whereas for short-term loan, it is provides for one-time repayment option.

We never apply additional charges or any hidden charges. The interest rate applied on the loan is variable and it always depends on the income and credit score.

Goodskill Securities And Services Ltd. | Registered Under RBI B-14.01552

GRIEVANCE REDRESSAL CELL

  • We strictly follow the RBI directive and have set up an effective Grievance Redressal Cell to handle and address all manner of grievances.
  • We always endeavour to carry out responsible lending, whereby we give just the loan which we know you will find convenient to pay back, but also recover our dues ethically. We never believe in any manner of high-handed or coercive recovery methods.
  • But in case you have any complaints we will take up the matter seriously and address the issue within 5 working days.
    • Email us at : grievance@gssasl.com
  • Helpline : 92665 44198 | Ms. Vaishali Chattlani (Timing 10:00 Am to 6:30 PM)
Important* - As a registered NBFC with the Reserve Bank of India and following all the guidelines of the regulatory authorities, EverydayloanIndia provides loans to all eligible customers, where we accomplish our lending services through our website and CRM. Apart from this, we would like to inform our customers and the general public that we don’t have any app on android or appstore, and we are not disbursing through any mobile app. Therefore, please beware of any lending application that is copying our name and disbursing loans in our name through mobile apps, and please inform us in such circumstances where someone is trying to cheat through the unauthorized loan app by copying our name and logo.