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Pre-loan Eligibility checker
Last updated on: July 22, 2025
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Read BioNeed ₹8 lakh loan urgently? Apply and Get a Personal loan of ₹8 Lakh at 10.50% p.a. with 7 years, exclusively for salaried employees.
A ₹8 lakh personal loan is a versatile financial product that can address a variety of needs, from education to medical expenses, travel, or debt consolidation. This page explains the EMI structure, eligibility, and documents required for such loans, ensuring you can plan your finances effectively.
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
Loan Amount: ₹8,00,000
Rate of Interest (ROI): 10.49% per annum
| Tenure (Years) | Monthly EMI (₹) | Total Interest (₹) | Total Payment (₹) |
|---|---|---|---|
| 1 Year | ₹70,329 | ₹43,947 | ₹8,43,947 |
| 2 Years | ₹37,203 | ₹89,256 | ₹8,89,256 |
| 3 Years | ₹25,917 | ₹1,33,022 | ₹9,33,022 |
| 4 Years | ₹20,416 | ₹1,76,217 | ₹9,76,217 |
| 5 Years | ₹17,159 | ₹2,29,532 | ₹10,29,532 |
| 6 Years | ₹15,342 | ₹2,92,418 | ₹10,92,418 |
| 7 Years | ₹13,541 | ₹3,38,468 | ₹11,38,468 |
| Eligibility Criteria | Details |
|---|---|
| Age | 21 to 60 years (varies by lender) |
| Employment | Salaried or Self-Employed |
| Minimum Monthly Income | ₹20,000 for salaried, ₹30,000 for self-employed |
| Work Experience | 1 year (salaried), 2 years (self-employed) |
| Credit Score | 750 or above for favorable interest rates |
| Document Type | Examples |
|---|---|
| Identity Proof | Aadhaar, PAN Card, Passport, Driving License |
| Address Proof | Utility Bill, Rent Agreement, Passport |
| Income Proof | Salary Slips, Form 16 (salaried); ITRs and Bank Statements (self-employed) |
| Employment Proof | Offer Letter, Employment Certificate |
| Photographs | Recent passport-sized photographs |
Get the catalyst to your aspiration with Personal loan of Rs. 8 Lakhs backed by transparent process, competitive rates, and deep commitment to your financial well-being
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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