High Loan Amount
Get an instant Personal Loan of up to Rs 2 Lakh online based on income, credit score, and eligibility.
Rs 2 Lakh Personal Loan
Get instant access to funds with Hero FinCorp’s Personal Loan of Rs 2 Lakh. Enjoy personal loans with quick approval and flexible repayment tenure.
Instant Approval in 10 Minutes
Tenure up to 36 months
Minimum Income Required Rs 15K
Calculate Personal Loan EMI
Get a Rs 2 Lakh Personal Loan Instantly
A Personal Loan of Rs 2 Lakh is an unsecured loan which you can get without providing any collateral. You can use it for various planned or unplanned expenses like medical emergencies, home repair, higher education, travel purposes or gadget purchases. At Hero FinCorp, you can apply for a Rs 2 Lakh loan online instantly. With flexible EMI options, these loans come with competitive interest rates and require minimum documents. It takes only 10 minutes for approval when you apply online to get a Rs 2 Lakh loan with Hero FinCorp.
Why Choose Hero FinCorp Personal Loan of Rs 2 Lakh?
Getting a Rs 2 Lakh Personal Loan can be of great financial help if you need funds for a big-ticket expense or an emergency. Here is how:
1. Covers multiple needs: You can use it for medical treatment, education, home renovation, weddings, vacations, or electronic items.
2. Affordable Interest Rates: Interest rates start at just 1.58% per month.
3. Flexible Repayment: Choose a tenure of up to 36 months that suits your budget.
4. 100% Digital Process: Apply online and get everything done quickly, without paperwork hassles.
5. Plan Your EMIs Easily: Use the personal loan EMI calculator for a Rs 2 Lakh loan to find a repayment plan that works best for you.
EMI for a Personal Loan of Rs 2 Lakh for up to 3 Years
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.
Features and Benefits of a Personal Loan of Rs 2 Lakh
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:
Attractive Interest Rate
Get the best interest rate on a Rs 2 Lakh loan at Hero FinCorp, starting from 19% per annum.
Collateral-Free
Get a Rs 2 Lakh instant Personal Loan without collateral, security, or a guarantor.
Flexible Repayment Tenure
Hero FinCorp offers flexible repayment tenures for up to 36 months on Personal Loans.
Instant Approval
Our fast online process with zero paperwork ensures quick verification, approval, and instant loan disbursal.
Eligibility Criteria for a Personal Loan of Rs 2 Lakh
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.
| Criteria | Requirement |
|---|---|
| Age | To get a Rs 2 Lakh loan from Hero FinCorp, you should be 21-58 years old. |
| Citizenship | Only resident Indian citizens can get a loan up to Rs 2 Lakh from Hero FinCorp. |
| Work Experience | The Minimum work experience for salaried employees is 6 months, and 2 years for self-employed. |
| Monthly Income | Minimum income requirements of Rs 15,000 per month. |
Documents Required for Rs 2 Lakh Personal Loan
Since the documentation process is completely digital, To get a Personal Loan of Rs 2 Lakh, ensure you have the required documents ready.. At Hero FinCorp, the documentation requirements vary for salaried and self-employed applicants. Here are the details.
- Pan Card
- Aadhar Card
Personal Loan Interest Rates & Charges for Rs 2 Lakh Loan
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.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum 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 |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply for a Personal Loan of Rs 2 Lakh?
Applying for a Rs 2 Lakh personal loan online is very simple. Just follow the easy steps mentioned below to process your loan application:
- 1
As a very first step, start by visiting the Hero FinCorp website or download the personal loan app.
- 2
Go to the personal loan section and click on apply now.
- 3
Enter your mobile number and confirm it with the OTP sent to you.
- 4
Select the loan amount according to your needs.
- 5
Complete your KYC to check income eligibility.
- 6
Finally, click Submit to finish your application and get a personal loan with fast approval in 10 minutes.
Uses of Personal Loan of Rs 2 Lakh
A Personal Loan of Rs 2 Lakh can be used for various financial needs. Here are some common uses:
Blogs
Personal Loan
Funding Your Child’s Wedding or Education Without Touching Retirement Funds28 Aug, 2025
Personal Loan
Rejected Once? Here’s How I Got My Personal Loan Approved On The Second Try27 Aug, 2025
Frequently Asked Questions
You can apply on the Hero FinCorp website or the loan app from the comfort of your home. You will need to provide KYC and income documentation. Once applied, you will receive approval for the loan within 10 minutes.
Yes, you can get instant approval for Rs 2 Lakh Personal Loan from the Hero FinCorp loan app if the necessary eligibility criteria are met.
The Hero FinCorp app can provide instant Personal Loans of Rs 2 Lakh with less paperwork based on eligibility.
Yes, Hero FinCorp Personal Loans are without guarantees or collateral. Therefore, you will not need to pledge any collateral or give any guarantor or security for the loan application or loan amount.
A minimum income of Rs 15,000 per month is required if you are applying with Hero FinCorp. The income criteria are the same in the case of a self-employed applicant.
Yes, you can get the loan without a salary slip. Lenders also accept bank statements, Form 16 or ITRs.
It is unlikely that you would be able to get a loan without income proof. In such a case, you can use other proofs of income, such as income tax returns (ITR), bank statements, and Form 16 as income proof.
Hero FinCorp accepts online applications, so the need for physical documents may not be necessary; however, they still require KYC details and proof of income.
A CIBIL score is very important, but you may get a Personal Loan if you have a steady job, reliable income, low DTI ratio, and considerable work experience.
It is possible, but it may be difficult. Some lenders may approve your loan application if you are willing to accept a higher interest due to the low CIBIL score, or with strict terms, and/or with additional documents or a guarantor.
The monthly EMIs for a Rs 2 Lakh loan will vary depending on your interest rate and repayment tenure. You can use a Personal Loan EMI Calculator online.
If Rs 2 Lakh is borrowed at 19% annual interest for a period of 3 years, the EMI would be approximately Rs 7,331. You can also use an EMI calculator to calculate it instantly online.
Disclaimer
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.