₹10 Lakh Personal Loan
Do you need serious funding for a significant financial move? A 10 lakh personal loan can give you the flexibility to manage major expenses with structured EMIs.
Borrow big to plan big with ease!
Last Updated: January 29, 2026
10 Lakh Personal Loan Offers - Tailored for You
Check out the best loan offers available to you by simply entering your mobile number.
10 Lakh Personal Loan Purposes
End-to-end home makeover, including a modular kitchen and furnishings
Overseas education funding covering tuition, travel, stay, and setup costs
Luxury wedding expenses, including venue, catering, jewellery, and travel
High-cost medical treatments such as surgeries, long-term care, or multi-city treatment
Business-scale investments like machinery purchase, office expansion, or bulk inventory
Debt consolidation of multiple high-interest loans into one structured EMI
Features and Benefits of a 10 Lakh Personal Loan
Affordable Interest Advantage:
The 10 lakh personal loan interest rate starts at just 9.99% p.a., making borrowing more affordable.
No Collateral Needed:
Get a personal loan upto 10 lakh without pledging property, gold, or any personal assets.
Flexible Repayment:
Choose a repayment period between 12 and 84 months based on your EMI comfort.
Instant Disbursal:
Enjoy quick approval and rapid fund credit through a fully online process.
Minimal Documentation:
Finalise the loan with only basic KYC, income proof, and recent bank statements.
Use the Funds Freely:
Perfect for big-ticket needs like weddings, overseas education, medical care, or home upgrades, there is no restriction on the loan usage.
Eligibility Criteria for a 10 Lakh Personal Loan
You must meet the 10 lakh personal loan eligibility criteria for quick approval.
Age
At least 21 years and a maximum of 65 years
CIBIL Requirement
Above 700
Employment Type
Salaried/self-employed
Residency
Indian resident
Salaried Applicants
Monthly Income:
- Minimum ₹40,000*
Minimum Work Experience:
- Minimum 3 Year
Self-Employed Applicants
Annual Turnover:
- ₹12 lakh
Business Age:
- Minimum 3 years
Best-Suited Borrower Profile - When You Should Apply for a 10 Lakh Personal Loan
You are a salaried professional in higher income brackets seeking large-value funding.
You are a self-employed individual with a strong annual turnover and stable business performance.
You are planning major life expenses such as home renovation, international education, or weddings.
You are comfortable with higher EMIs over longer repayment tenures.
You have a solid credit profile and are looking for quick, high-value approvals.
Documents Required for a Personal Loan Upto 10 Lakh
Common Documents Required
Identity & address proof:
Aadhaar card, PAN Card, voter ID, passport
Photograph:
2-3 passport-sized photographs
For Salaried Individuals
For Self-Employed Individuals
10 Lakh EMI
Personal Loan
How is Your 10 Lakh Personal Loan EMI Decided?
The Interest Rate You are Offered
A high interest rate equals a high EMI
The Tenure You Selected
A longer tenure can lower the EMI total interest paid will be high compared to a shorter tenure
Loan amount
A higher principal means a higher EMI
Your Credit Profile
A high credit score helps earn better interest rates
Your Income
A high income improves eligibility for lower EMIs
10 Lakh Personal Loan EMI Based on Different Scenarios
| Tenure | 10% p.a. | 12% p.a. | 14% p.a. | 16% p.a. |
|---|---|---|---|---|
| 12 months | ₹87,916 | ₹88,849 | ₹89,787 | ₹90,731 |
| 24 months | ₹46,145 | ₹47,073 | ₹48,013 | ₹48,963 |
| 36 months | ₹32,267 | ₹33,214 | ₹34,178 | ₹35,157 |
| 48 months | ₹25,363 | ₹26,334 | ₹27,326 | ₹28,340 |
| 60 months | ₹21,247 | ₹22,244 | ₹23,268 | ₹24,318 |
| 72 months | ₹18,526 | ₹19,550 | ₹20,606 | ₹21,692 |
| 84 months | ₹16,601 | ₹17,653 | ₹18,740 | ₹19,862 |
10 Lakh Personal Loan EMI Calculator
Enter the interest rate, select the tenure, and the 10 lakh personal loan EMI calculator will show the EMI within seconds. Try adjusting the rate and tenure for quick comparisons of different loan options.
Loan Details
Results
How to Apply for an Instant 10 Lakh Personal Loan with My Mudra My Mudra
I need 10 lakhs urgently - if that’s what you are thinking, you are at the right place!
Apply and get an instant loan 10 lakh in your account with zero hassle - that’s the My Mudra advantage!
Step 1
Click on the Apply Button: Start by submitting your application.
Step 2
Application Review: Let us review, and upon approval, we will forward the details to the lender best-suited for your requirements.
Step 3
Loan Disbursal: The funds will be directly credited into your account. Use it as you need.
Why choose
My Mudra ?
Access to 90+ banks
Easy comparison
Quick approval
Complete digital process
Dedicated customer support
Common Uses of a Personal Loan
A personal loan can be used for a wide range of financial needs. From emergencies to planned expenses, it offers flexibility, quick access, and easy repayment options.
Medical Emergencies
Not all medical expenditures are covered by insurance. Fulfill those bills with personal loans.
Wedding Expenses
The fund requirements for including last-minute changes or going for lavish planning at weddings can be easily met by personal loans.
Vacation
Sudden plans to travel but short of funds at the same time? Personal loans offer instant access to money in such situations.
Education & Skill Development
With increasing expenses for children's education and extracurricular activities, funds won't be a restraint in their growth. Use personal funds for the kid's education needs.
Renovation
Planning to renovate the home/office or halfway through it, but plans going down due to expenditures? Keep the work unhindered with personal loans.
Debt Consolidation
If you have multiple debts, closing them with one personal loan is a considerable option. It helps manage the finances in a controlled and streamlined manner.
Frequently Asked Questions
Everything you need to know about Personal Loans from My Mudra.