A ₹15 lakh personal loan can be a great option for you if you want to fulfill all your dreams. Get attractive low interest rates and up to 100% cashback on processing fees with Bikesh Finserv. Compare the best 15 lakh personal loan offers from 30+ banks and NBFCs and complete your online personal loan application from start to finish without visiting a branch.
Loan amount
₹15,00,000
Starting rate
10.49% p.a.
Disbursal
Within 24 hours
Get ₹15,00,000 Loan at 10.49%* p.a.
Up to 100% cashback on processing fees
Compare offers from 30+ banks and NBFCs
Fully digital process — no branch visit
Your EMI will be
₹48,754
Total Interest Payable
₹2,55,132
Total Amount Payable
₹17,55,132
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Rates, fees, and disbursal timelines are indicative and may vary by lender, profile, and loan amount. *Terms & conditions apply.
| Feature | Details |
|---|---|
| Loan Amount | Rs. 1,500,000 |
| Interest Rate | 10.49% – 44% p.a. |
| Repayment Tenure | 12 – 84 months |
| Processing Fee | 0.5% – 4% of loan amount |
| Disbursal Time | Within 24 hours |
| CIBIL Score Required | (750+ for best rates) |
| Collateral Required | None |
| Minimum Salary | Rs. 45,000 per month |
| Prepayment Charges | 0% – 5% |
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Capital | 10.99 onwards | Up to 4% |
| Axis Bank | 10.49 onwards* | Up to 2% |
| Bank of Baroda | 10.15 – 18.00 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 11.00 – 35.00 | Up to 3.93% |
| HDFC Bank | 10.50 onwards | Up to Rs. 4,999 |
| ICICI Bank | 10.65 onwards | Up to 2% |
| Kotak Mahindra Bank | 10.99 onwards | Up to 2.5% |
| IDFC First Bank | 11.00 onwards | Up to 2% |
| IndusInd Bank | 11.25 onwards | Up to 2% |
| Yes Bank | 11.75 onwards | Up to 2.5% |
| Tata Capital | 11.50 onwards | Up to 3% |
| L&T Finance | 12.00 onwards | Up to 3% |
| Poonawalla Fincorp | 12.50 onwards | Up to 3.5% |
| Piramal Finance | 12.99 onwards | Up to 3% |
| InCred Finance | 13.00 onwards | Up to 4% |
| SMFG India Credit | 12.75 onwards | Up to 3% |
| Finnable | 13.50 onwards | Up to 4% |
*Bikesh Finserv special rates
NOTE: The above rates are as of June 2026. Interest rates are indicative and may vary by lender, profile, and loan amount. Contact Bikesh Finserv for more updates. Terms & conditions apply. BANKS' INTEREST RATES AND THEIR PROCESSING FEES HAVE ALREADY BEEN UPDATED. CHECK "5 LAKH PERSONAL LOAN."
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Explore personal loans by amount
A ₹15 lakh personal loan can be used for multiple purposes. Below are some clear and structured ways to use it.
As you know, a ₹15 lakh personal loan can be used for almost anything. You have the freedom to use it for any purpose according to your needs.
An EMI calculator helps you estimate your monthly repayment before you apply. For a Rs. 15 lakh personal loan, your EMI depends on the interest rate and loan tenure that you choose.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 15 lakh | 10.49% | 5 years | 32,263 | 435,780 |
| 15 lakh | 12% | 5 years | 33,367 | 502,020 |
| 15 lakh | 15% | 5 years | 35,685 | 6,411,000 |
| 15 lakh | 18% | 5 years | 38,105 | 786,300 |
Quick Tip: A shorter loan repayment tenure means higher EMIs but lower total interest paid. A longer tenure reduces your monthly burden but increases the total cost of your loan.
Before applying, ask yourself whether you are eligible or not. Here is a clear and structured way to check your eligibility.
For self-employed people, a 15 lakh personal loan operates differently than for salaried workers. Depending on your type of income, different loan repayment terms, interest rates, and eligibility requirements apply. Here's a brief comparison:
| Aspect | Salaried | Self-employed |
|---|---|---|
| Credit Risk | Low | Relatively higher |
| Availability | Easy for the stable-income individuals | Challenging for the variable-income individuals |
| Interest Rates | Lower rates | Slightly higher rates |
| Pre-Approved Offers | Commonly available | May not be available |
| Lender Coverage | All banks & NBFCs | fewer lenders |
| Minimum Income Proof | 3 months' salary slips | 2–3 years' ITR + bank statements |
Quick tip: Whether you are salaried or self-employed, Bikesh Finserv helps you find lenders who match your profile.
If you are still confused about your eligibility criteria, these points can help increase your chances of approval.
Here are all the important documents that you should always keep updated while borrowing for any loan option.
The personal loan interest rate for 15 lakh typically starts from 10.49%; personal loan interest rates in India vary according to different lenders, including NBFCs. which is why you should compare various lenders before applying for various loans. Your interest rate is determined by a combination of the following factors.
The best way to identify your actual rate is to check ongoing offers through Bikesh Finserv, and this does not affect your credit score for personal loan eligibility.
Yes, it is completely possible to get a 15 lakh loan with a low CIBIL score. Many banks and NBFCs provide you loans with a low CIBIL score but with certain criteria.
Most top private and public sector banks prefer scores of 750 and above for a loan of this size. However, many NBFCs and fintech lenders actively cater to applicants with lower scores. If you are in this category, here is what can help:
Got questions?
Depending on the lender and your profile, the 15 lakh loan tenure normally varies from 12 months to 84 months (1 to 7 years). For personal loans, the majority of banks offer terms of up to 60 months.
There are typically no prepayment fees associated with floating-rate personal loans. At the time of prepayment, fixed-rate loans may impose fees of 2% to 5% on the remaining principal. Prior to signing your loan agreement, always go over the complete schedule of charges with your lender.
The last three months' pay slips and six months' bank statements (for salaried individuals) or two to three years' ITRs and bank statements (for self-employed individuals) are typically required, along with proof of identity (Aadhaar, PAN), proof of address, and more. Depending on the lender, proof of employment or business may also be necessary.
The interest rate and tenure selected will determine the EMI for a personal loan of Rs. 15 lakh. EMI is roughly Rs. 32,263 at 10.49% p.a. for five years. EMI is approximately Rs. 33,367 at 12% for the same tenure. Try various combinations based on the rate offered by your preferred lender using the EMI calculator on this page.
Funds can be credited within 24 hours. Standard applications typically take 1–3 working days after document verification and final approval. Bikesh Finserv's digital-first process helps minimize documentation delays.
Compare offers, check eligibility, and get funds for your Rs. 15 lakh personal loan.
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