2 Lakh Loan EMI Calculator
Get a Personal Loan of up to Rs 2 Lakh instantly with minimal hassle. With a minimum salary requirement of just Rs 15,000 per month, you can easily qualify for quick funds to meet your financial needs. Enjoy flexible repayment options with a tenure of up to 36 months, ensuring manageable EMIs. The interest rate starts at 19% per annum, making borrowing convenient. Whether it's medical emergencies, home renovations, or travel plans, get the funds you need instantly with a hassle-free online application process. Apply now and secure your loan today!
A 2 Lakh Personal Loan can be of great financial help if you need funds for a big-ticket expense or emergency like debt consolidation, medical treatment, home renovation, wedding, vacation, education, etc. Competitive interest rates starting at 1.58% per month, flexible repayment tenures of up to 36 months, and 100% digital loan processing are some of the major reasons you should opt for a 2 Lakh loan at Hero FinCorp. Choose a suitable repayment tenure using a personal loan emi calculator for 2 Lakh loan. It can help you choose an affordable Personal Loan EMI for 2 Lakh loan.
While looking for a 2 Lakh instant loan, you must be concerned about the monthly EMI amount to pay. Using an EMI calculator for a 2 Lakh loan can help you choose a suitable repayment tenure with pocket-friendly EMIs. Assuming you get a loan at 19% p.a. interest rate, these will be your EMI amounts for different loan terms:
| Loan Amount | Tenure (in Months) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
| Rs 2,00,000 | 12 | 19% | Rs 18,431 | Rs 21,172 | Rs 2,21,172 |
| Rs 2,00,000 | 18 | 19% | Rs 12,857 | Rs 31,426 | Rs 2,31,426 |
| Rs 2,00,000 | 24 | 19% | Rs 10,082 | Rs 41,968 | Rs 2,41,968 |
| Rs 2,00,000 | 30 | 19% | Rs 8,427 | Rs 52,810 | Rs 2,52,810 |
| Rs 2,00,000 | 36 | 19% | Rs 7,331 | Rs 63,916 | Rs 2,63,916 |
Disclaimer: EMI amounts shown are estimates; actual figures may vary based on lender terms.
Hero FinCorp is a reputable instant personal loan provider offering various lucrative features and benefits with a 2 Lakh loan for 3 years or less. Here are a few important ones you must know:
Get an instant Personal Loan of up to Rs 2 Lakh online based on income, credit score, and eligibility.
Get the best interest rate on a Rs 2 Lakh loan at Hero FinCorp, starting from 19% per annum.
Get a Rs 2 Lakh instant Personal Loan without collateral, security, or a guarantor.
Hero FinCorp offers flexible repayment tenures for up to 36 months on Personal Loans.
Our fast online process with zero paperwork ensures quick verification, approval, and instant loan disbursal.
Before applying for a Personal Loan, make sure you meet the eligibility criteria. At Hero FinCorp, the personal Loan eligibility is simple for both salaried and self-employed applicants.
To get a Rs 2 Lakh loan from Hero FinCorp, you should be 21-58 years old.
Only resident Indian citizens can get a loan up to Rs 2 Lakh from Hero FinCorp.
The Minimum work experience for salaried employees is 6 months, and 2 years for self-employed.
Minimum income requirements of Rs 15,000 per month.
You don't need to visit our branch office to apply for a Rs 2 Lakh Personal Loan at Hero FinCorp. Since the documents required for personal loan vary for salaried and self-employed individuals, here is an overview:
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Last 6 Months Salary Slips, Bank Statements, and Form 16
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Last 6 Months' Bank Statements and ITR for 2 Years
Hero FinCorp provides Rs 2 Lakh loans with the best personal loan interest rates. Our interest rates are highly competitive. However, before applying, you should be aware of other fees and charges to determine the total cost of your loan. Here is an overview.
| Loan Details | Charges/Details |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Our online loan app does not charge any cancellation charges 2. Interest amount paid is non-refundable 3. Processing charges are also non-refundable |
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum Processing fee is 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
Follow these simple steps to get a 2 Lakh loan online from Hero FinCorp:
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
A Personal Loan of Rs 2 Lakh can be used for various financial needs. Here are some common uses:
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*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.