Get ₹2 Lakh Personal Loan in Just a Few Taps!

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Why Choose a ₹2 Lakh Personal Loan?

Whether you need instant cash for a sudden expense, want to fund your education or just want to book tickets to your favourite destination, you can use a ₹2 lakh personal loan for just about every need, and apply for one from wherever you like (no questions asked)!

Not only this, a ₹2 lakh loan is easy to avail & easier to repay. On Zype, you can get approved for this amount within 60 seconds without any paperwork or collateral & pay later in flexible EMIs.

One ₹2 Lakh Loan from Zype = Multiple Benefits!

An instant loan can help you unlock all your needs & dreams that come at a price, and this is how Zype can make that an even better experience for you:

Instant Approval

Say goodbye to waiting for days for a loan approval because with Zype’s unique underwriting, you can get approved for a loan in 60 seconds.
Approval and Disbursal

Flexible Repayment Options

You can borrow the money you need now & pay later in 3, 6, 9 & 12 EMIs based on your preference.

No Collateral Required​

Competitive Interest Rate

Zype offers personal loans at a very competitive interest rate starting at just 1.5% (monthly)

Competitive interest rate

No Documentation or Paperwork

All we need is your PAN & Aadhaar. Apply for a personal loan up to ₹2 lakh in less than 8 minutes without any document uploads or paperwork.

No documentation or paperwork

Collateral Free Loans

Get instant access to the cash you need without having to worry about your assets because Zype offers unsecured loan.

Collateral free loans

₹2 Lakh Loan EMI Calculator

Loan Amount (in rupee)



Interest Rate (in %)



Loan Term (in months)



Total Interest Payable

Total Payment
(Principle + Interest)

Your EMI is

How to Calculate EMI for Your ₹2 Lakh Loan?

Calculating EMI for your personal loan can help you choose your personal loan repayment tenure & compare loan offers across various lenders.

Here is the formula you can use to calculate EMI for a ₹2 lakh loan:

E = 200000 x R x (1+R)^N / [(1+R)^N-1], where

E is your personal loan EMI amount

R is the monthly interest rate

N is the no. of months of EMI payment

Documents Required For ₹2 Lakh Personal Loan

Say goodbye to endless paperwork & required document uploads because you only need these to complete your application for an instant loan on Zype:

Mandatory documents
Mandatory documents

You only need to enter your PAN & Aadhaar number along with a few other details to get a credit offer & to complete your KYC. (Physical copy not required)

Proof of photo identity
Proof of photo identity
You will need to do a selfie-based verification after you’re approved for a loan from Zype. Since this is real-time photo verification, you don’t need to upload any documents.
Proof of Income
Proof of Income (Optional)

You can apply for a higher credit limit on Zype just by uploading your bank statement for the last 4 months.

Eligibility Criteria for ₹ 2 Lakh Personal Loan

Looking for a quick & simple way to get a personal loan? Fulfill a simple eligibility criteria and get approved for an instant ₹2 lakh loan!


18 years or above


Indian with a valid PAN & Aadhaar card.

Work experience
Work experience

Salaried individual

15000 Salary
Monthly Salary

Monthly income of at least ₹15,000

Interest Rates & Charges on ₹2 Lakh Instant Loan

Minimalist Table
Fees & Charges Amount Chargeable
Interest Rate Starting at as low as 1.5% (monthly)
Loan Processing Charges Processing fees from 2% to 6% on every loan
Interest on Overdue EMIs Penal interest and late fees will be charged to your total outstanding loan on a daily basis

EMIs for ₹2 Lakh Personal Loan with Tenure of 3-12 Months

Repaying your loan with Zype is as easy & flexible as applying for it.

Zype offers personal loan repayment options that are realistic and well suited to your budget so you can comfortably manage your finances. You can borrow the money you need now and pay later in 3, 6, 9 or 12 EMIs, based on your preference.

This is what your repayment tenure will look like when you take a ₹2 lakh instant loan at an 18% annual interest rate.

*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.

Minimalist Table
Loan Amount Interest Rate Tenure (in months) EMI in Rs
Rs 200000 18% 3 Rs 67786.78
6 Rs 35105.04
9 Rs 23921.96
12 Rs 18336

How to Apply for a ₹2 Lakh Personal Loan?

Applying for a personal loan on Zype can be completed within 8 minutes. Here are the steps:

1) Download Zype app & create your account

2) Add your basic information such as name, mobile number & PAN number

3) Get a quick approval for a credit line based on your profile

4) Unlock the credit line by completing a quick 3-step KYC with Aadhaar number & selfie verification

5) Choose the loan amount you need & EMI option

6) Transfer the money directly to your account in a single tap!

Frequently Asked Questions

How Do I Calculate the Monthly Payment for a ₹ 2 lakh Personal Loan?

You can use this formula E = 200000 x R x (1+R)^N / [(1+R)^N-1] to calculate your monthly payments where, 

E is your personal loan EMI amount

R is the monthly interest rate

N is the no. of months of EMI payment

Or you can use Zype’s ₹2 lakh loan EMI calculator to calculate your monthly EMIs.  

Can I Get an Instant Personal Loan of 2 Lakhs Without a Cibil Score?

Yes, even if you’re new to credit, you can get approved for a personal loan on Zype. You only need to be a salaried individual with a valid PAN card & a minimum monthly salary of ₹15000 to get approved for an instant ₹2 lakh loan.

Can I Avail 2 Lakh Loan Without Documents?

 Yes, you can! On Zype, you can get a ₹2 lakh loan on Aadhaar card & PAN, without having to upload any documents.

My Credit Score is Below 700. Can I Still Get a 2 Lakh Personal Loan?

Yes, you can. Zype offers personal loans to any salaried individual who’s 18 years old & above, has a valid PAN card & a minimum monthly salary of ₹15000.

Where can I Apply for a ₹ 2 Lakh Personal Loan?

There are many loan apps that offer instant personal loans. Zype is such an app where you can apply for a loan in less than 8 minutes just by filling out some basic details, your PAN & Aadhaar number. 

How to Get a 2 Lakh Loan Without Income Proof?

On Zype, you can get a personal loan without any income proof. All you need to do is submit some basic details along with your PAN & Aadhaar to get approved for a personal loan.

What are the Factors that Can Affect ₹ 2 Lakh Personal Loan EMI?

The monthly EMI you pay on your personal loan depends on your approved loan amount, interest rate offered, & the selected loan tenure.

How Long is the Loan Term for a ₹ 2 Lakh Personal Loan?

The loan tenure for a ₹ 2 lakh personal loan on Zype ranges from 3-12 months. You can choose your repayment plan based on your preference.

Personal Loan for Different Budgets

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