Get Personal Loan for ₹ 8 Lakh

Get Personal Loan for ₹ 8 Lakh

Need funds for a wedding, medical treatment, higher education, or a major home upgrade? A Personal Loan of ₹ 8 Lakh can help you manage these expenses without touching your savings. With L&T Finance’s easy application processes, competitive interest rates, and faster disbursals, accessing funds has become much simpler. You can apply for a Personal Loan of ₹ 8 Lakh online and get the money you need for planned or unexpected expenses.

EMI Calculator for Personal Loan of ₹ 8 Lakh

Before applying, it is important to understand your repayment capacity. That’s where an EMI calculator for a Personal Loan helps. With this tool, you can estimate your monthly EMIs based on the loan amount, interest rate, and tenure you choose. It helps you plan your budget smartly before committing to the loan.

Why opt for an ₹ 8 Lakh Personal Loan?

A Personal Loan of ₹ 8 Lakh is suitable when you have a major expense and don’t want to disturb your investments. Here are a few reasons why many choose this amount:

• Medical emergencies: For surgeries, treatments, or hospital bills not covered by insurance.
• Wedding expenses: Cover banquet, decoration, travel, and other wedding-related costs.
• Higher education: Pay for tuition fees, hostel costs, or foreign education needs.
• Home renovation: Upgrade furniture, kitchen, or interiors.
• Debt consolidation: Combine multiple loans into one with better repayment terms.

Key Features and Benefits of a ₹ 8 Lakh Personal Loan

1. Easy Disbursement
Avail quick digital disbursals for loan amount up to ₹ 30 lakh

2. Quick Loan Approval
Get approval in 2 minutes* ensuring a convenient financing solution

3. Competitive Interest Rates
Repay your loan with easy EMIs, interest rates starting from 11% p.a.*

4. Minimum Documentation
Apply for Personal Loan with minimal documentation

5. Top Up Available
Eligible customers can get a Top Up Loan on an existing Personal Loan

6. No collateral required
No security or collateral is required to avail Personal Loan

Please find the easy detailed list of required documents here

How to Use an EMI Calculator for ₹ 8 Lakh Personal Loan

Here’s how you can use the EMI calculator to plan better:

• Enter the loan amount as ₹ 8 Lakh.
• Set your interest rate.
• Choose your loan tenure (from 12 to 60 months).
• Adjust values to compare monthly EMIs.
• Check the total repayment amount and interest payable.

Why Choose L&T Finance for a ₹ 8 Lakh Personal Loan?

L&T Finance is one of the top rated Personal Loan providers for a ₹ 8 Lakh Personal Loan. Here’s why many individuals prefer them:

• Digitised Application: With paperless processing and online appointments, you can apply and track your loan from anywhere.
• High Loan Limit: Avail up to ₹ 30 Lakh* with no collateral.
• Long Tenure: Repayment tenure of up to 72 months* for convenience.
• Competitive Interest Rates: Rates start at just 11% p.a.* and are tailored to your credit profile.
• Minimal Documentation: Especially helpful for those looking for a paperless ₹ 8 Lakh Personal Loan.
• Top-Up Loans Available: If you already have a loan and need more funds, top-up options are available.

How to Apply for a ₹ 8 Lakh Personal Loan

Apply for Personal Loan with these steps

1. Apply online in just few minutes

Select Personal Loan and click the 'Apply Now' button to start your seamless digital loan journey.

2. Fill in your details

Enter your personal details, such as income details, current address, and more, to instantly check your loan eligibility.

3. Get your customised offer

Explore personalised loan offers to match your needs. You may also get an option to enhance your offer.

4. Set up E-mandate

Securely provide your bank details to easily register for an E-mandate, ensuring smooth loan repayments.

5. Complete KYC

Verify your identity easily and securely with a quick KYC process from the comfort of your home.

6. Get loan disbursement

Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds.