QuickCashs solves the problem of borrowing a ₹2 lakh personal loan for 5 years with easy installments over 5 years. You can easily cover your expenses to buy luxury products, home renovation, or medical expenses.
Borrow a ₹2 lakh loan at a ₹12,000 monthly salary. Digitally, you can take a loan without hassle.
What Does a ₹2 Lakh Personal Loan EMI Mean?
EMI (Equated Monthly Instalment) is the fixed amount you repay every month over the loan tenure.
Your EMI depends on:
- Loan amount: ₹2,00,000
- Loan tenure: 5 years (60 months)
- Interest rate: Usually between 10% to 26% per annum, based on your bank, income, and credit score.
EMI Calculation for ₹2 Lakh Personal Loan (5 Years)
Here’s a quick look at estimated EMIs for different interest rates:
| Interest Rate (p.a.) | Monthly EMI | Total Interest Payable | Total Payment (Principal + Interest) |
|---|---|---|---|
| 10% | ₹4,249 | ₹54,940 | ₹2,54,940 |
| 12% | ₹4,449 | ₹66,940 | ₹2,66,940 |
| 14% | ₹4,652 | ₹79,120 | ₹2,79,120 |
| 16% | ₹4,857 | ₹91,420 | ₹2,91,420 |
| 18% | ₹5,064 | ₹1,03,840 | ₹3,03,840 |
| 20% | ₹5,274 | ₹1,16,440 | ₹3,16,440 |
Benefits of a ₹2 Lakh Personal Loan
A small loan can make a big difference when you need funds fast. Here’s why choosing a ₹2 lakh personal loan from QuickCashs makes sense:
- Quick Approval: Get loan offers from multiple banks in minutes.
- No Collateral Required: 100% unsecured loan — no need to pledge assets.
- Flexible Repayment: Choose a tenure up to 5 years as per your comfort.
- Instant Disbursal: Funds credited directly to your bank account.
- All-Purpose Use: Use it for travel, medical, education, business, or any personal need.
- Transparent Process: No hidden charges, clear comparison of rates and EMIs.
Eligibility Criteria
To apply for a ₹2 lakh personal loan, you generally need:
- Age: 21 to 55 years
- Income: Minimum ₹12,000 per month Salary
- Employment: Salaried Person
- Credit Score: 700+ preferred for faster approval
Documents Required
Keep these ready for quick processing:
1. Identity Proof (KYC)
Aadhaar Card / PAN Card / Passport / Voter ID
2. Address Proof
Utility Bill / Rent Agreement / Passport / Driving License
3. Income Proof
- For Salaried: Last 3 months’ salary slips & 12-month bank statements
- For Self-Employed: Last 2 years’ ITR and bank statements
4. Photograph
Recent passport-sized photo
5. Employment Proof
Company ID card or offer letter (for salaried applicants)
Also Read: 1 Lakh Personal Loan EMI for 5 Years
EMI Calculation
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Loan amount (₹2,00,000)
- R = Monthly interest rate
- N = Loan tenure in months (5 years = 60 months)
Just use QuickCashs’ free EMI Calculator to know your monthly payment instantly.
Compare Personal Loan from Various Lender
| Lenders | Interest Rate (p.a.) | CIBIL Score | Salary | |
| WeRize | 16% to 18% p.a. | -1/ 700+ | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | 720+ | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | -1/ 700+ | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | -1/ 680+ | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | 730+ | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | -1/ 700+ | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | 700+ | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | 720+ | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | 680+ | Rs. 9,000 | Apply Now |
How to Apply for a ₹2 Lakh Personal Loan
Applying through QuickCashs is simple, fast, and 100% online:
- Visit QuickCashs Website – Go to the personal loan section.
- Enter Loan Details – Choose the loan amount (₹2 lakh) and tenure (5 years).
- Compare Offers – Instantly view rates and EMIs from multiple banks.
- Select the Best Offer – Choose the plan that suits your budget.
- Upload Documents – Submit basic KYC and income proof.
- Get Approval & Disbursal – Receive funds directly in your account once approved.
