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₹8 Lakh Personal Loan
The ₹8 lakh personal loan is a loan product made available to individuals by banks and Non-Banking Financial Companies (NBFCs) for a variety of objectives such as house improvement, wedding expenses, medical bills, vacation expenses, and so on. This loan typically has a higher loan amount and a longer repayment period than other loan products, allowing the borrower to repay the debt over several months or years. The ₹8 lakh loan interest is usually lower, and so is the paperwork required. The ₹8 lakhs personal loan eligibility requirements may vary based on the lender.
- Personalized Personal Loan solutions
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Table of Content
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Purpose of a ₹8 Lakh Personal Loan
The instant personal loan ₹8 lakhs can be used for almost any type of spending, from financing a dream vacation to paying for a large wedding. It can also be used to consolidate high-interest debt, such as credit card debt, which can save money in the long term by removing many monthly payments and combining them into a single loan. The ₹8 lakh personal loan EMI will be suitable for people who need money for home improvements, weddings, automobile purchases, or medical bills. Personal loans can also be utilised to make major expenditures without draining other savings accounts. Because they are unsecured loans, ₹8 lakh loan interest rates are often lower than those of other types of finance.
What is the interest of ₹8 lakh Personal Loan?
Numerous lenders offer their customers ₹8 lakh personal loan online. It makes it difficult for the borrower to make a decision. Therefore, we have curated a list of a few top lenders and the ₹8 lakh loan interest rate they offer.
Banks/NBFCs | Interest Rates (p.a.) |
Axis Bank | 10.49% onwards |
IndusInd Bank | 10.49% onwards |
IDFC Bank | 10.49% onwards |
HDFC Bank | 10.50% onwards |
ICICI Bank | 10.50% onwards |
Kotak Mahindra Bank | 10.99% onwards |
Tata Capital | 10.99% onwards |
Bajaj Finserv | 11.00% onwards |
Federal Bank | 11.49% – 14.49% |
DMI Finance | 12% – 36% |
L&T Finance | 12% – 36% |
MoneyTap | 12.96% onwards |
Piramal Finance | 12.99% onwards |
Aditya Birla | 13% onwards |
MoneyView | 15.96% onwards |
Cashe | 27.00% onwards |
Kreditbee | Up to 29.95% |
Note: The interest rate has been provided for the month of June 2023.
How much is 8 lakh EMI per month for Various Repayment Tenures?
Before taking a loan, it is necessary to know about the ₹8 lakh personal loan EMI for various repayment tenures. This will save you costs and help you choose the best repayment term to pay off your ₹8 lakh loan. Typically, a borrower can avail of ₹8 lakh loan for 8 years as repayment tenure. The ₹8 lakh personal loan EMI on different repayment tenures is given below.
Eligibility Criteria for an 8 Lakh Personal Loan
Before applying for a loan, borrowers must be aware of the ₹8 lakhs personal loan eligibility criteria. This will determine if they are eligible to get the instant personal loan ₹8 lakhs or not. A borrower must:
- Be an Indian citizen
- Be a salaried individual or self-employed
- Fall in the age group of 21 to 60 years
- Have a minimum monthly income of ₹20,000
- Have a minimum working experience of 2 years and 3 years as a salaried individual and self-employed, respectively.
- Have a credit score of 700 or above
Documents Required for a ₹8 Lakh Personal Loan
The documents required by the lenders may differ for each lender. However, there are certain ₹8 lakh loan documents that each lender requires. These documents must be gathered before applying to ensure a smooth and hassle-free process. The ₹8 lakh loan documents are given below.
- Identity proof like an Aadhaar card, Passport, PAN card, etc
- Address proof like Utility bills, Rental agreements, etc
- Income proof like Salary slips for salaried, ITR for self-employed, etc
- Bank statements for the last 6 months
Fees and Charges of ₹8 Lakh Personal Loan
Lenders charge a certain fee to the borrowers to smoothly carry out the process of the ₹8 lakh personal loan online. The fees and charges may vary from one lender to another. However, a list has been curated mentioning a few top lenders and their fees for personal loan upto ₹8 lakhs.
Lender | Processing Charges | Pre-payment charges | Late payment charges |
HDFC Bank | Up to 2.5% [Subject to a minimum of ₹1,999 and a maximum of ₹25,000] |
|
On the overdue principal or EMI – 2% per month |
Kotak Mahindra Bank | Up to 2.5% p.a. + GST | The lock-in period of 12 months, post 12 months – 5% charges for foreclosure + GST | 3% per month (compounded monthly) |
State Bank of India | Nil to 1% of the loan amount – on the basis of the loan applied for | 3% for Xpress Power Loans, Xpress Credit group of loans, and Xpress Pension Loans | For each EMI dishonoured – ₹500 + applicable tax |
Yes Bank | Up to 2.5% of the loan amount [subject to a minimum of ₹999 + tax] |
|
24% p.a. on the outstanding amount from the date of default |
Union Bank of India | 0.5% of the loan amount [subject to a minimum of ₹500 + GST] | – | – |
Bank of Baroda | 2% of the loan amount + tax [subject to a minimum of ₹1,000 and a maximum of ₹10,000] | – | 2% on the overdue amount |
IndusInd Bank | Up to 2.5% of the loan amount + tax |
|
₹450 + tax |
Bank of India | 2% of the loan amount + tax [subjected between ₹1000 – ₹10,000] |
|
– |
Dena Bank | 1% of the loan amount | Nil | – |
How to Apply for an 8 Lakh Personal Loan?
For people in need of financial assistance, an ₹8 Lakh Personal Loan might be a valuable and practical solution. To apply for ₹8 lakh personal loan online, follow the below-mentioned steps.
Research and Compare Lenders
Investigate various lenders, such as banks, NBFCs, and Internet lending platforms. Compare their ₹8 lakh loan interest rates, loan periods, eligibility criteria, processing fees, and customer ratings to find the best alternative for your needs.
Eligibility Criteria
Examine the lender’s ₹8 lakhs personal loan eligibility conditions. This often includes age, income, work stability, credit score, and documentation requirements. Before submitting your application, be sure you meet the lender’s requirements.
Gather Required Documents
Prepare the relevant documents, which may include identification proof, address proof, income proof, employment data, and any other documents specified by the lender.
Online Application
Many lenders allow you to apply for a ₹8 lakh personal loan online through their official website or mobile app. Navigate to the loan application part of the lender’s website and accurately fill out the required information. Provide the required papers in the format specified.
Verification Process
The lender will begin the verification procedure once you submit the online application. This may entail checking your documentation, income, and work information, as well as completing a credit check.
Loan Approval and Disbursement
The lender will send you an approval notification if your application is approved. According to the lender’s procedures, the loan money will be released to your selected bank account or provided as a demand draft or cheque.
Loan Repayment
Get acquainted with the lender’s repayment conditions and timeline. Make regular monthly repayments as specified to avoid penalties and keep a clean credit history.
Features & Benefits of ₹8 Lakh Personal Loan
Borrowers can acquire personal loan upto ₹8 lakhs in funding to address unforeseen needs or consolidate existing debt. This loan product is developed with features and benefits to assist borrowers with receiving the funds they require when they desire it, without having to worry about meeting onerous standards. The following are the features and benefits of an ₹8 Lakh Personal Loan:
- This loan amount can be disbursed immediately, sparing you the inconvenience of applying multiple times.
- With a higher sum of money accessible, you can buy a new automobile, go on a vacation, or even renovate your home. You no longer need to be concerned about shortages because this loan amount will cover them.
- Personal loan upto ₹8 lakhs may be provided at cheaper interest rates than other types of loans. This makes them more affordable and allows you to repay the loan faster.
- In a particular fiscal year, interest paid on a personal loan up to ₹2 lahks is deductible from income tax. The tax deduction is determined by the purpose of the loan and the tax assessee category.
- You can set the loan tenure based on your repayment capacity and spread the loan expense over time.
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About Personal Loan
- Bank of Maharashtra Students Personal Loan
- Bank of Maharashtra Salaried Employee Personal Loan
- Union Bank of India Personal Loan of Rs. 3 Lakh
- Punjab National Bank Personal Loan Statement
- Personal Loan For Salary Rs 80000
- IDBI Bank Personal Loan Statement
- Personal Loan For Salary Rs 70000
- Canara Bank Personal Loan Statement
- Federal Bank Personal Loan Statement
- Personal Loan For Salary Rs 60000
- Bob Personal Loan Statement
- RBL Bank Personal Loan Statement
- 50,000 Salary Personal Loan
- Kotak Personal Loan Statement
- Personal Loan for 40,000 Salary
- IndusInd Personal Loan Statement
- 30,000 Salary Personal Loan
- Personal Loan for Rs.20,000 Salary
- IDFC Personal Loan Statement
- Yes Bank Personal Loan Statement
Loans
- 30 Lakh Home Loan EMI
- Yes Bank Personal Loan of 9 Lakh
- BOB Housewife Personal Loan
- ICICI Bnak Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 2 Lakh
- HSBC Bank Small Loans
- RBL Bank Personal Loan of 2 Lakh
- IDFC First Bank Personal Loan Balance Transfer
- Union Bank of India Personal Loan of 9 lakh
- Indusind Bank Personal Loan of 6 Lakh
- Indian Bank small loans
- IDBI Bank Salaried Employee Personal loan
- 20 Lakh Home Loan EMI
- Union Bank of India Personal Loan of 8 lakh
- HSBC Bank Overdraft Loan
- HSBC Bank Personal Loan Transfer
- Yes Bank Travel Loan
- Kotak Travel Loan
- HDFC Personal Loan of 2 Lakh
- Canara Travel Loan
- HDFC Personal Loan of 4 Lakh
- SBI Personal Loan of 20,000
- Bank Of Baroda Small Loans
- RBL Bank Travel Loan
- SBI Personal Loan of 3 Lakh
- IndusInd Bank Medical Loan
- SBI Personal Loan of 5000
- SBI Personal Loan of 4 Lakh
- SBI Personal Loan of 40000
- BOB Personal Loan of 7 Lakh
- SBI Personal Loan of 7 Lakh
- SBI Personal Loan of 10 Lakh
- BOB Personal Loan of 50000
- BOB Personal Loan of 10 Lakh
- HSBC Bank Medical Loan
- HDFC Personal Loan of 3 Lakh
- Canara Bank Housewife Personal Loan
- HDFC Personal Loan of 5 Lakh
- SBI Personal Loan of 10000
- SBI Personal Loan of 25000
- Canara Bank Students Personal Loan
- PNB Bank Medical Loan
- ICICI Personal Loan of 10000
- ICICI Personal Loan of 5000
- ICICI Personal Loan of 15000
- HDFC Personal Loan of 1 Lakh
- BOB Personal Loan for Doctors
- BOB Personal Loan of 2 Lakh
- BOB Bank Wedding Loan
- HDFC Personal Loan of 6 Lakh
- Indusind Bank Personal Loan of 5 Lakh
- SBI Personal Loan of 15,000
- ICICI Personal Loan of 20000
- SBI Personal Loan of 30000
- ICICI Personal Loan of 50000
- SBI Personal Loan of 50000
- ICICI Personal Loan of 1 Lakh
- SBI Personal Loan of 1 Lakh
- SBI Personal Loan of 2 Lakh
- Indian Bank Medical Loan
- SBI Personal Loan of 5 Lakh
- SBI Personal Loan of 6 Lakh
- SBI Personal Loan of 8 Lakh
- ICICI Personal Loan of 2 Lakh
- SBI Personal Loan of 9 Lakh
- BOB Personal Loan of 10000
- BOB Personal Loan of 40000
- Bank of India Medical Loan
- BOB Personal Loan of 1 Lakh
- ICICI Personal Loan of 3 Lakh
- BOB Personal Loan of 8 Lakh
- BOB Personal Loan of 9 Lakh
- Bank of Maharashtra Wedding Loan
- Canara Bank Self Employed Personal Loan
- Karnataka Bank Wedding Loan
- Kotak Personal Loan for Wedding
- Indusind Bank Salaried Employee Personal loan
- Union Bank Students Personal loan
- Federal Bank Personal Loan of 3 Lakh
- ICICI Personal Loan of 10 Lakh
- Indusind Bank Personal Loan of 40000
- Indusind Bank Personal Loan of 8 Lakh
- Indusind Bank Personal Loan of 9 Lakh
- Union Bank of India Personal Loan of 2 lakh
- IDBI Bank Personal Loan of 50000
- Axis Bank Personal Loan of 40000
- Punjab Sind Bank overdraft loan
- Karnataka Bank Travel Loan
- Punjab & Sind Bank Medical Loan
- Federal Bank Medical Loan
- Canara Bank Short-Term loan
- Union Bank Small Personal Loan
- Federal Bank Travel Loan
- ICICI Bank Personal Loan Balance Transfer
- ICICI Personal Loan for Wedding
- Union Bank Personal Loan for Lawyers
- Federal Bank Personal Loan of 10 Lakh
- Yes Bank Personal Loan of 1 Lakh
- Union Bank of India Personal Loan of 4 lakh
- SBI Bank Personal Loan Balance Transfer
- RBL Bank Government Employees Personal loan
- Axis Bank Asha Home Loan Scheme
- Canara Bank Personal Loan for Wedding
- Kotak Mahindra Bank Personal Loan of 7 lakh
- Home Loan for 70000 Salary
- ICICI Credit Card Application Status
- Indusind Bank Senior Citizens/Pensioners Personal loan
- Indusind Bank Students Personal loan
- Indusind Bank Personal Loan for Doctors
- Union Bank of India Personal Loan of 1 lakh
- Axis Bank Personal Loan of 5000
- Axis Bank Personal Loan of 10000
- Axis Bank Personal Loan of 15000
- Indian Bank Personal Loan for Doctors
- Federal Bank Personal Loan of 50000
- Axis Bank Personal Loan of 1 lakh
- Union Bank Self Employed Personal loan
- Indusind Bank Personal Loan for Lawyers
- Federal Bank Personal Loan of 1 Lakh
- Union Bank Government Employees Personal loan
- Union Bank Personal Loan for Doctors
- Federal Bank Personal Loan of 4 Lakh
- Federal Bank Personal Loan of 7 Lakh
- Union Bank of India Personal Loan of 5 lakh
- ICICI Personal Loan of 4 Lakh
- BOB Students Personal Loan
- Axis Bank Personal Loan of 2 lakh
- Axis Bank Personal Loan of 3 lakh
- Union Bank Housewife Personal loan
- Federal Bank Personal Loan of 6 Lakh
- Axis Bank Personal Loan of 4 lakh
- Axis Bank Personal Loan of 5 lakh
- Indian Bank Personal Loan of 8 lakh
- Canara Bank Small Personal Loan
- Axis Bank Personal Loan of 6 lakh
- Axis Bank Personal Loan of 7 lakh
- Karur Vysya Bank short term personal loan
- Axis Bank Personal Loan of 8 lakh
- Union Bank Salaried Employee Personal loan
- Yes Bank Home Loan Eligibility Calculator
- 1 crore Home Loan EMI
- 50 Lakh Home Loan EMI
- 25 Lakh Home Loan EMI
- Union Bank Home Loan Eligibility Calculator
- HDFC Personal Loan of 10000
- HDFC Senior Citizen Personal Loan
- HDFC Government Employees Personal Loan
- HDFC Salaried Employee Personal Loan
- Yes Bank Personal Loan of 2 Lakh
- HDFC Personal Loan for Doctors
- Indusind Bank Personal Loan of 1 Lakh
- Union Bank of India Personal Loan of 6 lakh
- HDFC Personal Loan for lawyers
- SBI Personal Loan Eligibility Calculator
- RBL Bank Personal Loan of 10 Lakh
- IDFC First Bank Personal Loan of 2 Lakh
- Axis Senior Citizen Personal Loan
- Yes Bank Government Employee Personal loan
- Axis Government Employees Personal Loan
- Axis Salaried Employee Personal Loan
- Indian Bank Personal Loan of 10 lakh
- Indian Bank Salaried Employee Personal loan
- IDBI Bank Personal Loan of 40000
- Karnataka Bank small loans
- IDFC First Bank Personal Loan of 1 Lakh
- Canara Bank Personal Loan of 9 Lakh
- 10 Lakh SBI Home Loan
- Indian Bank Personal Loan of 9 lakh
- Canara Bank Personal Loan of 7 Lakh
- Axis Students Personal Loan
- Kotak Mahindra Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan for Lawyers
- Karnataka Bank overdraft loan
- Canara Bank Personal Loan of 6 Lakh
- Union Bank of India Personal Loan of 50000
- Union Bank Senior Citizens/Pensioners Personal loan
- Federal Bank Salaried Employee Personal loan
- RBL Bank Personal Loan of 7 Lakh
- RBL Bank Personal Loan Transfer
- RBL Bank Personal Loan of 8 Lakh
- Canara Bank Personal Loan of 10 Lakh
- BOB Salaried Employee Personal Loan
- Axis Bank Fast Forward Home Loan Scheme
- ICICI Bnak Self Employed Personal Loan
- IDFC First Bank Personal Loan of 5000
- Yes Bank Personal Loan of 7 Lakh
- ICICI Bnak Personal Loan for Doctors
- Federal Bank Students Personal loan
- 80 Lakh Home Loan EMI
- RBL Bank Personal Loan of 50000
- IDFC First Bank Personal Loan of 10000
- RBL Bank Personal Loan of 9 Lakh
- IDFC First Bank Personal Loan of 20,000
- Indian Bank Government Employees Personal loan
- IDFC First Bank Personal Loan of 25000
- RBL Bank Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 40000
- SBI Government Employees Personal Loan
- Yes Bank Self Employed Personal loan
- SBI Salaried Employee Personal Loan
- SBI Students Personal Loan
- SBI Housewife Personal Loan
- SBI Self Employed Personal Loan
- Yes Bank Students Personal loan
- SBI Personal Loan for Doctors
- Indiabulls Home Loan Eligibility Calculator
- SBI Personal Loan for Lawyers
- Kotak Mahindra Bank Personal Loan of 5 Lakh
- Yes Bank Personal Loan of 4 Lakh
- BOB Senior Citizen Personal Loan
- IDFC First Bank Personal Loan of 50000
- Axis Bnak Personal Loan for Doctors
- Axis Bnak Self Employed Personal Loan
- Union Bank of India Personal Loan of 40000
- Axis Bnak Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 3 Lakh
- Yes Bank Personal Loan of 50000
- Yes Bank Personal loan for Doctors
- Federal Bank Personal Loan of 8 Lakh
- Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 5 Lakh
- IDFC First Bank Personal Loan of 6 Lakh
- Indusind Bank Personal Loan of 10 Lakh
- Kotak Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 7 Lakh
- Kotak Mahindra Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 8 Lakh
- Federal Bank Personal Loan of 5 Lakh
- Canara Bank Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 9 Lakh
- Holi 2024
- Union Bank of India Personal Loan of 7 lakh
- Indusind Bank Personal Loan of 2 Lakh
- Indusind Bank Personal Loan of 50000
- Axis Bank Personal Loan of 30000
- Yes Bank Personal Loan of 8 Lakh
- RBL Bank Personal Loan of 5 Lakh
- Federal Bank Self Employed Personal loan
- RBL Bank Personal Loan of 1 Lakh
- IDBI Bank Flexi Loan
- Canara Bank Salaried Employee Personal loan
- ICICI Personal Loan of 7 Lakh
- PNB Personal Loan of 50000
- Yes Bank Salaried Employee Personal loan
- Yes Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan of 40000
- PMEGP Loan
- ICICI Personal Loan of 6 Lakh
- HDFC Bank Personal Loan Balance Transfer
- BOB Self Employed Personal Loan
- IDFC First Bank Personal Loan of 10 Lakh
- Federal Bank Housewife Personal loan
- Kotak Bank Housewife Personal Loan
- PNB Personal Loan of 3 Lakh
- Kotak Bank Personal Loan for Lawyers
- Canara Bank Personal Loan for Senior Citizens
- Canara Medical Loan
- HDFC Personal Loan of 15000
- Axis Travel Loan
- RBL Bank Salaried Employee Personal loan
- Yes Bank Housewife Personal loan
- Home Loan for 40000 Salary
- 15 Lakh Home Loan EMI
- Indian Bank Personal Loan of 1 lakh
- 70 Lakh Home Loan EMI
- Canara Bank Personal Loan for Doctors
- Kotak Mahindra Bank Personal Loan of 9 lakh
- RBL Bank Self Employed Personal loan
- Personal Loan for Government Employees
- Canara Bank Personal Loan for Lawyers
- IDFC Personal Loan for Senior Citizens
- IndusInd Bank Overdraft Loan
- HDFC Personal Loan of 20000
- Federal Bank Personal Loan of 9 Lakh
- ICICI Bank Overdraft Loan
- PNB Personal Loan of 4 Lakh
- Indusind Bank Personal Loan of 30000
- HDFC Personal Loan of 50000
- Personal Loan of 20 Lakh
- PNB Personal Loan for Doctors
- Personal Loan for CIBIL Score 650
- Personal Loan for CIBIL Score 650
- Bank of Maharashtra personal loan transfer
- HSBC Bank Flexi Loan
- SBI Overdraft Loan
- Federal Bank Overdraft Loan
- Union Bank Flexi Loan
- HDFC Bank Overdraft Loan
- Personal Loan for CIBIL Score of 700
- IDBI Bank Senior Citizens/Pensioners Personal loan
- IDFC Salaried Employee Personal Loan
- 4 Crore Home Loan EMI
- 55 Lakh Home Loan EMI
- IDFC First Bank Overdraft Loan
- Axis Bank Overdraft Loan
- PNB short term personal loan
- Kotak Bank Overdraft Loan
- Union Bank Personal Loan Transfer
- Yes Bank Overdraft Loan
- Canara Bank Overdraft Loan
- ICICI Bank Flexi Loan
- Indian Bank Personal Loan of 5 lakh
- SBI Flexi Loan
- Kotak Bank Flexi Loan
- Loans
- Bank of India Senior Citizens Personal Loan
- Yes Bank Flexi Loan
- ICICI Personal Loan of 8 Lakh
- HDFC Personal Loan of 25000
- Federal Bank Personal Loan for Doctors
- ICICI Personal Loan of 9 Lakh
- IDBI Bank Government Employees Personal loan
- Canara Bank Flexi Loan
- 10 Lakh Home Loan EMI
- Indian Bank Personal Loan of 2 lakh
- 40 Lakh Home Loan EMI
- 2 crore Home Loan EMI
- ICICI Bank Short Term Loan
- SBI Short Term Loan
- Indian Bank overdraft loan
- IDFC First Bank Short Term Loan
- Axis Bank Short Term Loan
- Yes Bank Short Term Loan
- Union Bank of India Personal Loan of 30000
- Kotak Bank Short Term Loan
- BOB Personal Loan for Lawyers
- SBI Small Personal Loan
- HDFC Bank Small Personal Loan
- Federal Bank Personal Loan of 2 Lakh
- Indusind Bank Self Employed Personal loan
- IDBI Bank Personal Loan of 2 Lakh
- IDFC Students Personal Loan
- Indusind Bank Government Employees Personal loan
- IDFC First Bank Small Personal Loan
- Bank of Maharashtra Government Employees Personal Loan
- Axis Bank Personal Loan of 50000
- Bank of India Government Employees Personal Loan
- Axis Bank Small Personal Loan
- RBL Bank Flexi Loan
- Kotak Bank Small Personal Loan
- Bank of India Students Personal Loan
- IDFC Government Employees Personal Loan
- RBL Bank Personal Loan of 30000
- IDFC Housewife Personal Loan
- IDFC Home Loan Eligibility Calculator
- IDBI Bank Personal Loan for Lawyers
- IDFC Self Employed Personal Loan
- IDFC Personal Loan for Doctors
- HSBC Bank Wedding Loan
- Bank of India Self Employed Personal Loan
- IDFC Personal Loan for Lawyers
- Kotak Bank Salaried Employee Personal Loan
- HSBC Bank Travel Loan
- PNB Bank Travel Loan
- BOB Bank Medical Loan
- BOB Bank Travel Loan
- Union Bank Travel Loan
- Kotak Mahindra Bank Personal Loan of 10 lakh
- Indusind Bank Personal Loan of 4 Lakh
- ICICI Bnak Personal Loan for Lawyers
- Bank of Maharashtra Personal Loan of Rs. 5 Lakh
- Home Loan for 20000 Salary
- PNB Students Personal Loan
- Bank of Maharashtra overdraft loan
- Indusind Bank Short Term Personal Loan
- Bank Of Baroda Overdraft Loan
- Yes Bank Small Personal Loan
- RBL Bank Wedding Loan
- Bank of India Personal Loan for Doctors
- IndusInd Bank Wedding Loan
- ICICI Bank Small Personal Loan
- IndusInd Bank Travel Loan
- Bank of India Personal Loan for lawyers
- PNB Bank Wedding Loan
- Union Bank Wedding Loan
- Indian Bank Travel Loan
- Bank of India Wedding Loan
- PNB Senior Citizens/Pensioners Personal loan
- Bank of India Travel Loan
- Indian Bank Personal Loan of 6 lakh
- Bank of Maharashtra Medical Loan
- Bank Of Maharashtra Travel Loan
- Karnataka Bank Medical Loan
- Bank of Maharashtra small loans
- Punjab & Sind Bank Wedding Loan
- Karur Vysya Bank Medical Loan
- IDBI Bank Personal Loan of 30000
- Axis Super Save Home Loan Scheme
- 35 Lakh Home Loan EMI
- Karur Vysya Bank Wedding Loan
- HDFC Personal Loan of 7 Lakh
- Kotak Mahindra Bank Personal Loan of 50000
- Bank of Maharashtra Senior Citizens Personal Loan
- ICICI Personal Loan for Senior Citizen
- IDBI Bank small loans
- HDFC Personal Loan of 8 Lakh
- Bank of Maharashtra Personal Loan for Doctors
- BOB Personal Loan of 15,000
- 60 Lakh Home Loan EMI
- IDBI Bank Personal Loan for Doctors
- BOB Personal Loan of 20,000
- Karnataka Bank Government Employees Personal Loan
- BOB Personal Loan of 25000
- BOB Personal Loan of 30000
- BOB Personal Loan of 6 Lakh
- RBL Bank Housewife Personal loan
- BOB Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 3 Lakh
- Indian Bank Students Personal loan
- Indian Bank Personal Loan of 7 lakh
- BOB Personal Loan of 5 Lakh
- ICICI Salaried Employee Personal Loan
- Kotak Bank Self Employed Personal Loan
- Kotak Mahindra Bank Personal Loan of 5000
- Axis Bank Personal Loan Balance Transfer
- Kotak Mahindra Bank Personal Loan of 10000
- Karur Vysya Bank overdraft loan
- IDBI Bank Personal Loan of 1 Lakh
- Kotak Mahindra Bank Personal Loan of 40000
- PNB Personal Loan of 30000
- Kotak Mahindra Bank Personal Loan of 30000
- Kotak Mahindra Bank Personal Loan of 8 Lakh
- RBL Bank Small Loan
- Kotak Bank Personal Loan for Doctors
- Home Loan for 30000 Salary
- ICICI Government Employee Personal loan
- Home Loan for 50000 Salary
- Home Loan for 60000 Salary
- Yes Bank Small Personal Loan
- Kotak Mahindra Bank Personal Loan of 1 lakh
- Canara Bank Personal Loan of 5000
- Canara Bank Personal Loan of 10000
- PNB Salaried Employee Personal loan
- Indusind Bank Personal Loan Transfer
- Canara Bank Personal Loan of 15,000
- Canara Bank Personal Loan of 20,000
- Canara Bank Personal Loan of 25000
- HSBC Bank Short Term Personal Loan
- Canara Bank Personal Loan of 30000
- Canara Bank Personal Loan of 40000
- Bank Of India short term personal loan
- Indusind Bank Small Loans
- Axis Bnak Personal Loan for Lawyers
- Federal Bank Short Term Personal Loan
- Punjab & Sind Bank Travel Loan
- Indusind Bank Flexi Loan
- Yes Bank Personal Loan of 40000
- Indian Bank Personal Loan of 4 lakh
- Indian Bank Personal Loan for Lawyers
- Canara Bank Personal Loan of 50000
- Canara Bank Personal Loan of 1 Lakh
- Union Bank Short Term Personal Loan
- Union Bank overdraft loan
- Canara Bank Personal Loan of 2 Lakh
- Karur Vysya Bank small loans
- Canara Bank Personal Loan of 3 Lakh
- IDBI Bank Self Employed Personal loan
- RBL Bank Medical Loan
- Canara Bank Personal Loan of 4 Lakh
- HDFC Personal Loan of 30000
- Canara Bank Personal Loan of 5 Lakh
- Federal Bank Wedding Loan
- Federal Bank Salaried Employee Personal Loan
- Axis Personal Loan for Wedding
- HDFC Personal Loan for Wedding
- SBI Personal Loan for Medical
- IDBI Bank Travel Loan
- Yes Bank Personal Loan of 3 Lakh
- Yes Bank Personal Loan of 5 Lakh
- SBI Personal Loan for Wedding
- HDFC Personal Loan of 5000
- IDBI Bank Wedding Loan
- DBI Bank Medical loan
- RBL Bank Students Personal loan
- HDFC Personal Loan of 40000
- 45 Lakh Home Loan EMI
- Karur Vysya Bank Travel Loan
- Union Bank of India Personal Loan of 10 lakh
- Canara Bank Personal Loan of 8 Lakh
- RBL Bank Overdraft Loan
- RBL Bank Personal Loan of 3 Lakh
- RBL Bank Personal Loan of 4 Lakh
- PNB Personal Loan of 2 Lakh
- IDBI Bank Personal Loan of 5 Lakh
- PNB Government Employees Personal loan
- IDBI Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Navi Personal Loan Eligibility Calculator
- Axis Bank Personal Loan of 20000
- RBL Bank Short Term Personal Loan
- Bank Of India overdraft loan
- BOB Government Employees Personal Loan
- 5 Crore Home Loan EMI
- Canara Bank Government Employees Personal Loan
- ICICI Personal Loan of 5 Lakh
- IDBI Bank Students Personal loan
- IDBI Bank Personal Loan of 4 Lakh
- Axis Bank Empower Home Loan Scheme
- 85 Lakh Home Loan EMI
- HDFC Personal Loan for Medical
- Indian Bank Personal Loan of 3 lakh
- PNB Personal Loan of 1 Lakh
- Kotak Bank Government Employees Personal Loan
- Axis Bank Personal Loan of 10 lakh
- Bank of India Salaried Employee Personal Loan
- PNB Personal Loan of 40000
- IDBI Bank Personal Loan of 3 Lakh
- IDFC First Medical Loan
- ICICI Medical Loan
- Axis Bank Personal Loan For Medical
- Yes Bank Personal Loan for Wedding
- IDFC First Personal Loan for Wedding
- Kotak Medical Loan
- Yes Bank Medical Loan
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Frequently Asked Questions (FAQs)
How long is the repayment tenure for a ₹8 lakh personal loan?
₹8 Lakh Personal Loan repayment terms are often flexible, allowing borrowers to select a monthly payment schedule that fits within their budget.
What are the risks of taking an ₹8 lakh personal loan?
A hard credit check is required for ₹8 lakh personal loans, which can reduce your credit score by up to five points. In addition to queries, failing to pay your loan on time may reduce your credit score after it is reported to the three major credit bureaus.
Is collateral required for a ₹8 lakh personal loan?
No, collateral is not required for an ₹8 Lakh Personal Loan. Because the loan does not demand collateral, it is an excellent choice for those who do not own a big asset such as a house or car.
Can self-employed individuals apply for a ₹8 lakh personal loan?
Yes, self-employed individuals can apply for a ₹8 lakh personal loan.
Can I get a ₹8 lakh personal loan without a bank account?
No, you cannot get a ₹8 lakh personal loan without a bank account. Since your loan is disbursed in your bank account, therefore, the account is important when applying for the loan.
What are some alternatives to a ₹8 lakh personal loan?
The alternatives to a ₹8 lakh personal loan are secured loans, home equity loans, credit card loans, and loans against fixed deposits.
How does a ₹8 lakh personal loan impact my credit score?
Applying for a ₹8 lakh personal loan, like applying for any other loan, mortgage, or credit card, can cause a minor drop in your credit score. This is due to lenders performing a hard inquiry on your credit, and each time a hard inquiry is performed, it appears on your credit report, lowering your credit score slightly.
What happens if I default on the repayment of a ₹8 lakh personal loan?
If you default on the repayment of a ₹8 lakh personal loan, you will be liable to late fees.
How long does it take to get approval for a ₹8 lakh personal loan?
The approval process for an ₹8 Lakh Personal Loan is frequently swift, allowing consumers to receive funds in a matter of days.