Personal loan by amount
₹10 Lakh Personal Loan.
Still broadly available across banks and NBFCs — see your EMI across tenures, the income typically needed, and how many of our tracked lenders offer it.
Minimum monthly income typically needed
Based on a 20× income multiplier lenders commonly apply
Lenders offering this amount
From our tracked personal loan lender set
| Tenure | Monthly EMI (at 12.5% p.a.) | Total interest |
|---|---|---|
| 1 year | ₹89,083 | ₹68,996 |
| 3 years | ₹33,454 | ₹2,04,344 |
| 5 years | ₹22,498 | ₹3,49,880 |
Where ₹10 lakh sits in the market
All 15 lenders we track still cap above ₹10 lakh, so approval odds by amount alone aren't the constraint here — income documentation is. At double the ₹5 lakh bracket, lenders look more closely at payslips, bank statements, and existing EMI obligations rather than approving on a lighter pre-qualified basis, so expect a slightly more thorough process even though the lender list hasn't narrowed yet.
- Principal amount
- ₹10,00,000
- Total interest
- ₹2,04,344
- Total amount
- ₹12,04,344
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹2,92,849 | ₹1,08,599 | ₹7,07,151 |
| 2 | ₹3,31,628 | ₹69,820 | ₹3,75,524 |
| 3 | ₹3,75,523 | ₹25,909 | ₹0 |
Frequently asked questions
How much income do I need for a ₹10 lakh personal loan?
Using the common 20x monthly income multiplier, you'd typically need a net monthly income of around ₹50,000 or more, along with a clean repayment history on any existing loans — lenders scrutinize documentation more closely at this amount than at ₹5 lakh.
Do all lenders offer ₹10 lakh personal loans?
Most major banks and larger NBFCs do, though a few smaller or digital-first lenders cap their unsecured personal loans below this amount — check the eligible lender count above for our tracked set, which is filtered live to your requested amount.