Apply for a ₹15,00,000 Personal Loan with Bankstore
Bankstore offers you a fully unsecured personal loan of ₹15,00,000. You are not required to pledge your house, gold, or savings. Whether you're a salaried professional dreaming of a lavish wedding or a self-employed business owner hoping to grow your company, this loan is ideal for your goals. Without using up all of your money, you can use it to cover home repairs, unexpected medical bills, educational costs, or even a luxurious vacation.
What Distinguishes Bankstore?
Lightning-fast disbursal: after approval, funds will be in your account the same day. Benefit from flexible repayment terms (12 to 60 months), reasonable interest rates, digital process, minimal paperwork, and no additional costs. Bankstore stands out in India's personal loan market due to excellent customer service.
₹15,00,000 Personal Loan Explained
It's perfect for urgent needs like business investments, home improvements, or medical bills because no collateral is required. Applying online allows you to keep your savings intact while receiving your money the same day.
Example: 3-year term with an EMI of ₹49,860 at 12% p.a. helps you enhance your credit history and manage cash flow. Processing fees range from 1% to 3% (₹15,000 to ₹45,000).
Eligibility Criteria
- Age: 21–60 years
- Employment: Salaried or self-employed
- Work Experience: 2+ years (salaried), 3+ years (self-employed)
- Income: Minimum ₹25,000/month (salaried), higher for self-employed
- Credit Score: 700+ preferred
- Residency: Indian resident
Documents Required
- Identity Proof: Aadhaar, PAN, passport, voter ID
- Address Proof: Utility bill, rental agreement
- Income Proof: 3 months' salary slips, 6 months' bank statements (salaried); 2 years' ITR (self-employed)
- Photographs: Passport-sized
- Optional: Pre-approval letter or credit score report
Interest Rates
Rates for ₹15,00,000 loan at 12% p.a.:
| Tenure (Years) | EMI (₹) | Total Interest (₹) | Total Repayment (₹) |
|---|---|---|---|
| 1 | 1,33,500 | 1,62,000 | 16,62,000 |
| 3 | 49,860 | 2,94,960 | 17,94,960 |
| 5 | 33,375 | 5,02,500 | 20,02,500 |
Compare Other Lenders
- Check multiple offers using EMI calculators
- Compare interest rates, fees, tenure, prepayment penalties
- Transparent websites are preferred
- Rates range: 10.5% – 24% p.a.
- Most loans are unsecured, avoid lenders asking collateral
Benefits
- No Collateral Needed
- Versatile Usage
- Fast Funding
- Stable EMIs
- Credit Growth
Eligibility Criteria for Flexi Personal Loan
Check if you meet the simple eligibility criteria to get your loan approved:
Age Requirement
21–65 year
Income Proof
ITRs or audited statements for 2–3 years, plus business bank statements
Business Vintage
At least 2–3 years of continuous operationn
Credit Score
700+ recommended
Banking Relationship
Active account with regular transactions
Interest Rate Factors
- Credit Score: 750+ gets the best rates
- Employment Type: Salaried professionals get lower rates
- Income: Higher monthly income = better rates
- Existing Relationship: Bankstore customers get pre-approved deals
- DTI Ratio: Lower debt-to-income means better loan terms
Interest Rates and Repayment Options
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