Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Calculate Personal Loan EMI

12 Months60 Months

Assuming annual interest rate of 11.99

Calculated EMI*   6,642  Apply For Loan

Loans Upto ` 25 Lakh*

Quick Disbursal

Minimal Documentation

Flexible Tenure

Personal Loan of Rs. 2 Lakh

Looking for an instant 2 lakh personal loan? SMFG India Credit offers you a personal loan at competitive interest rates that serve multiple purposes. Easily available to both salaried and self-employed individuals, the personal loan requires minimum documentation and has easy to fulfill eligibility criteria.

Personal Loan Application Process

At SMFG India Credit, you have the flexibility to apply for a personal loan either by visiting our nearest branch or online on our website.

Following is the step-by-step process to apply for a personal loan online:

  • Visit the online application page and enter your valid mobile number
  • Duly fill the application form with personal details as requested on the page
  • Enter your employment status (if selected salaried)
  • Now, enter your bank details
  • Upload all digital copies of the required documents
  • Click on "Submit" and within few seconds you will know about your eligibility
  • Our customer representative will contact you for further checks and verification
  • After final approval, the amount will be credit to your account within 30 minutes 

Rs. 2 Lakh Personal Loan EMI for 1-5 Years Tenure

Now calculate Rs 2 lakh personal loan EMI for different loan tenures using our online personal loan EMI calculator instantly. The EMI for 1-year loan tenure at 11.99% is ₹17,769. For 2-year tenure is ₹9,414, 3-year tenure is ₹ 6,642, 4-year tenure is ₹ 5,266 and 5-year tenure is ₹4,448.

Loan Amount (Rs)

Interest Rate (p.a.)

Tenure (years)

EMI (Rs)

Rs 2 Lakhs












Disclaimer: These are approximate EMI calculations, actual numbers may vary.

Features of 2 Lakh Loan:

  1. Simple and Hassle-free Documentation
    The loan approval and documentation process is totally hassle-free when you apply for a personal loan online. At no stage, heavy paperwork is involved to secure the loan.
  2. Easy Eligibility Criteria 
    The 2 lakh loan can be availed by any individual aged between 21-60, who must be gainfully employed, either salaried or self-employed. 
    You can use a personal loan eligibility calculator to check your eligibility.
  3. Quick Disbursal
    Subject to fulfillment of all eligibility criteria and after all due-diligence of loan application, the loan amount is credited to your bank account within 30 minutes of approval.
  4. Competitive Interest Rates
    The interest rates on personal loan start from 11.99% for both salaried and self-employed individuals with an upper limit fixed at 23.99%.  
  5. Flexible Repayment Tenor
    The repayment tenure ranges between 12-60 months, which helps to plan your loan tenure and EMIs accordingly. 
    You can also use an EMI calculator to calculate your personal loan EMI and fix accordingly. Additionally, the maximum EMI as a percent of income is allowed up to 65%.
  6. No Hidden Charges
    SMFG India Credit maintains a very transparent procedure with regards to communication of fees and upfront charges to its customers. 

Check Your Eligibility   Calculate EMI   Apply Now

Page also available inहिन्दी - Hindi


Can I get a 2 lakh personal loan if my credit score is 690?

If you have a CIBIL score of less than 690, you can still get a loan on certain conditions.

  • If you have a good, stable income.
  • If you pay your taxes regularly.
  • If you have a good bank balance.
  • If you ask a close family member with a good CIBIL score to be the guarantor for your loan.
  • If you reduce the amount of the loan.

What document is required for a 2 lakh loan?

Documents required for an INR 2 lakh loan:

  • PAN Card
  • Identity proof (Aadhaar Card, Driving license, Passport, Voter ID, etc.)
  • Signature Proof (Passport, PAN card, etc.)
  • Address proof (Passport copy, Aadhaar card, driving license, utility bill – gas or electricity bill, Voter ID, ration card, rent agreement, etc.)
  • Bank statements for the past 6 months

Can a student get a 2 lakh loan?

No. The INR 2 lakh loan can only be availed by an individual aged between 21-60 who is gainfully employed, either salaried or self-employed. Lenders typically consider factors such as income, credit history, and repayment capacity to qualify for a personal loan.

What is the EMI for Rs 2 lakh personal loan for 5 years?

The estimated EMI for an INR 2 lakh loan for a tenure of 5 years at an interest rate of 11.99% turns out to be INR 4,446.

What are the factors affecting your EMI for a ₹2 Lakh Personal Loan?

The personal loan EMI is affected by factors like the loan amount, rate of interest, and loan tenure. Your personal loan EMI may also contain other charges, such as insurance and service fees, which the EMI calculator will not indicate.

How can I calculate the EMIs for my ₹2 Lakh Personal Loan?

To calculate your EMI for an INR 2 lakh loan you can use the Personal Loan Eligibility Calculator:

  • Choose the loan amount you are seeking. You can select an amount up to 25 lakhs.
  • Next, select the tenure. For a personal loan, you can choose a repayment tenure of up to 5 years or 60 months.
  • Finally, set the ‘Rate of Interest.’

How to know if I am eligible for a ₹2 Lakh Personal Loan?

To determine your personal loan eligibility for an INR 2 lakh loan, use the personal loan eligibility calculator. The calculator calculates whether the applicant meets the eligibility criteria by assessing details like monthly income, age, existing liabilities, repayment capacity and credit score. It also estimates the loan amount the person can apply for.

What are the applicable charges when applying for a ₹2 Lakh Personal Loan?

The personal loan charges and interest rates influence the total cost of the loan. The applicable charges are:

  • Delayed EMI Payment Interest - As stated under additional interest charge**
  • Collection of Cheque/Cash – NIL
  • Cheque /ECS/NACH dishonoured Charges - INR 300
  • Swap Charges- for replacement of Post-dated cheques to ECS - INR 500
  • Swap Charges- for replacement of ECS to ECS - INR 500
  • Loan Cancellation charges - INR 1,000
  • Processing Fees - Between 0% - 6% of the Loan Amount
Read MoreRead Less

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

Reasons to buy

You can take our personal loan for a variety of reasons.

Wedding Expenses

Wedding Expenses

Higher Studies

Higher Studies

Exotic Vacations

Exotic Vacations




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