Need ₹2,00,000 for Big Financial Commitments?
EMI Starting at just ₹60/- per day
Access ₹2,00,000 instantly for larger expenses with Kreditbazar!
Features & Benefits of Getting a ₹2,00,000 Personal Loan through Kreditbazar
Your ₹2,00,000 Financial Solution with Kreditbazar
Instant Loan Approval Process
Need ₹2,00,000 for significant expenses like home renovations or medical emergencies? Kreditbazar’s fast approval process ensures you receive the funds without delay.
Easy Online Application Process
Skip the queues at banks. With Kreditbazar, you can apply for a ₹2,00,000 loan online anytime, making the process quick and efficient.
Minimal Documentation Required
Applying for ₹2,00,000 is stress-free with Kreditbazar. Our NBFC partners require only essential documents, ensuring a hassle-free experience.
No Guarantee Required
Borrow ₹2,00,000 without the need to pledge your assets. Kreditbazar’s partnered NBFCs offer unsecured loans to meet your financial requirements.
Fast Disbursement Within Hours
Whether it’s for education fees or business investments, Kreditbazar ensures that your ₹2,00,000 loan is credited to your account within hours.
Flexible Repayment Tenure
Choose repayment terms suited to your budget. Kreditbazar’s partner NBFCs offer flexibility to help you manage finances easily.
Easy EMI Calculator for ₹2,00,000 Personal Loan
Estimate your monthly EMIs with Kreditbazar’s EMI calculator to plan your finances better.
Loan EMI
₹ 24,959
Total Interest Payable
₹ 34,90,279
Total Payment
(Principal + Interest)
₹ 59,90,279
Your monthly instalment:
₹888
Purpose & Uses of a ₹2,00,000 Personal Loan
A ₹2,00,000 loan through Kreditbazar is ideal for:
Fees & Interest Rates for ₹2,00,000 Personal Loan
Kreditbazar offers access to personal loans with competitive interest rates and transparent fee structures. By partnering with multiple NBFCs, we provide a range of loan options tailored to your financial requirements.
| Fee Type | Amount |
|---|---|
| Rate Of Interest | Starting from 16% p.a. on a reduced balance basis |
| Processing Fee | Starting from 2% of the loan amount plus GST |
| Tenure | 3 to 36 months |
| APR | Starting from 18% |
| Bounce Charge | ₹500 plus GST |
| Late Payment Charges | ₹500 plus GST or 3% of the total loan amount, whichever is higher as per the overdue amount |
| Stamp Duty | 0.1% of the loan amount |
| Mandate Rejection Charges | ₹250 plus GST |
| Pre-Clouser Charges | Nil |
Documents Required to Avail of a Personal Loan for ₹2,00,000
Documents needed for ₹2,00,000 loan approval:
Identity Proof
Passport/Aadhaar card/ PAN card/driver's license
A Selfie
A clear picture of yours with proper lighting
Address Proof
Passport/rent agreement/ utility bills/voter’s ID
Proof Of Income
Bank statements/salary slips for the last 3 months
Eligibility Criteria for ₹2,00,000 Personal Loan
To apply for a ₹2,00,000 personal loan through Kreditbazar’s NBFC partners, you must:
Age
Above 21 and below 55 years
Minimum In-Hand Salary
Metors - ₹25,000 | Non-Metors-₹30,000
Resident
A resident of India
FAQs on ₹2,00,000 Personal Loan
Get Answers to All Your Questions About Applying for and Managing a ₹2,00,000 Personal Loan.
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How can I apply for a ₹2,00,000 personal loan through Kreditbazar?
You can apply online by filling out the application form on the Kreditbazar website, which connects you with partnered NBFCs.
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What are the eligibility criteria for a ₹2,00,000 personal loan?
Eligibility typically includes having a stable income, a good credit score, and meeting the documentation requirements set by the partnered NBFCs.
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What documents do I need to provide for a ₹2,00,000 personal loan?
Required documents usually include identity proof, address proof, income proof, and bank statements.
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How long does it take to get approval for my loan application?
Approval times can vary but are typically quick, often within a few hours to one business day.
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Is there any processing fee for the loan?
Yes, Kreditbazar's partnered NBFCs may charge a processing fee, which will be disclosed during the application process.
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What interest rates can I expect on a ₹2,00,000 personal loan?
Interest rates vary among partnered NBFCs but are generally competitive; specific rates will be provided during your application.
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Can I prepay my personal loan?
Most partnered NBFCs allow prepayment, but check for any applicable prepayment penalties.
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What happens if I miss a payment?
Missing a payment may result in late fees and could negatively impact your credit score. It's best to contact your lender immediately if you're unable to make a payment.
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Is Kreditbazar a direct lender?
No, Kreditbazar acts as an intermediary connecting you with multiple NBFCs that provide loans.
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How secure is my personal information when applying for a loan?
Kreditbazar employs strong security measures to protect your personal information throughout the application process.
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Can self-employed individuals apply for a ₹2,00,000 personal loan?
Yes, self-employed individuals can apply, provided they meet the income and documentation requirements set by the NBFCs.
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Do I need a guarantor to apply for this loan?
Typically, no guarantor is required as these are unsecured loans; however, this may depend on the specific NBFC's policies.
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How is my credit score affected by applying for a personal loan?
Applying for a personal loan may result in a hard inquiry on your credit report, which could temporarily lower your score.
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What is the repayment tenure for a ₹2,00,000 personal loan?
Repayment tenures vary but generally range from 6 months to 5 years depending on the terms offered by the NBFCs.
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Can I get my funds transferred directly to my bank account?
Yes, once approved, the funds will be transferred directly to your bank account promptly.
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What should I do if my loan application is rejected?
If rejected, review the reasons provided and consider improving your credit score or addressing any issues before reapplying.
