35 Lakh Personal Loan
A personal loan of Rs. 35 Lakhs can be obtained for bearing any personal as well as professional financial purposes including weddings, home renovation, medical bills, a foreign trip, and business expenses. In India, most banks and other financial institutions provide a personal loan of Rs. 35 Lakhs at competitive interest rates, starting from just 10% p.a. These loans can be repaid in flexible tenures of 12 to 96 months. You can use the 35 Lakh loan EMI calculator for instant EMI calculation before applying.
Compare the Best Banks & NBFCs for ₹35 Lakh Loan
Below is the comparison between the best banks and NBFCs in India that offer 35 lakh personal loans:
| Bank/NBFC | Loan Amount | Rate of Interest | Maximum Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | Rs. 50,000 - Rs. 40 Lakhs | 10.85% - 24% p.a. | 60 months | Up to Rs. 6,500 + GST |
| ICICI Bank | Rs. 50,000 - Rs. 50 Lakhs | 10.85% - 16.65% p.a. | 72 months | Up to 2% of the loan amount + applicable taxes |
| Axis Bank | Rs. 50,000 - Rs. 40 Lakhs | 11.1% - 22% p.a. | 84 months | Up to 2% of the loan amount + GST |
| Kotak Mahindra Bank | Rs. 50,000 - Rs. 35 Lakhs | 10.99% - 16.99% p.a. | 72 months | Up to 5% of the loan amount + taxes |
| SBI | Rs. 1 Lakh - Rs. 35 Lakhs | 11.45% - 14.60% | 84 months | Nil till 31st January 2025 |
| Yes Bank | Rs. 50,000 - Rs. 50 Lakhs | 11.25% - 21% p.a. | 72 months | Up to 2.5% of the loan amount |
| Aditya Birla Capital | Rs. 1 Lakh - Rs. 40 Lakhs | 10% - 32% p.a. | 84 months | Up to 4% of the loan amount |
| Bajaj Finserv | Rs. 20,000 - Rs. 55 Lakhs | 10% - 31% p.a. | 96 months | Up to 3.93% of the loan amount |
| Tata Capital | Rs. 40,000 - Rs. 35 Lakhs | 11.99% - 29.99% p.a. | 72 months | Up to 5.5% of the loan amount + GST |
35 Lakh Loan EMI for 1-10 years
Below is the 35 Lakh loan EMI calculation for 1 to 10 years tenure at an interest rate of 10% p.a. in a tabular format:
| Loan Amount | Tenure | Monthly EMI (Approx.) |
|---|---|---|
| ₹35 Lakh | 1 year | ₹3,07,706 |
| ₹35 Lakh | 2 years | ₹1,61,507 |
| ₹35 Lakh | 3 years | ₹1,12,935 |
| ₹35 Lakh | 4 years | ₹88,769 |
| ₹35 Lakh | 5 years | ₹74,365 |
| ₹35 Lakh | 6 years | ₹64,840 |
| ₹35 Lakh | 7 years | ₹58,104 |
| ₹35 Lakh | 8 years | ₹53,110 |
| ₹35 Lakh | 9 years | ₹49,275 |
| ₹35 Lakh | 10 years | ₹46,253 |
35 Lakh Personal Loan EMI for 5 Years
Here's the detailed breakdown for a ₹35 Lakh personal loan over 5 years at a 10% interest rate:
- Loan Amount: ₹35,00,000
- Rate of Interest: 10% p.a.
- Tenure: 5 years
- EMI: ₹74,365
- Total Interest: ₹9,61,879
- Total Repayment: ₹44,61,879
35 Lakh Personal Loan EMI for 10 Years
Here's the detailed breakdown for a ₹35 Lakh personal loan over 10 years at a 10% interest rate:
- Loan Amount: ₹35,00,000
- Rate of Interest: 10% p.a.
- Tenure: 10 years
- EMI: ₹46,253
- Total Interest: ₹20,50,331
- Total Repayment: ₹55,50,331
You can calculate your 35 Lakh loan EMI for 1-10 years or any repayment tenure with the 35 Lakh EMI calculator available online.
35 Lakh Loan EMI Calculator
Lenders use the following formula for calculating the 35 lakh loan EMI:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Here,
- P means the Principal loan amount
- N means Tenure in months
- R means the interest rate
The EMI for a personal loan of Rs. 35 Lakhs varies depending on the applicable interest rate and repayment tenure.
For example, an EMI for Rs. 35 Lakh loan EMI for 10 years tenure will be Rs. 46,253 at 10% p.a. interest rate. However, a 35 Lakh loan EMI for 5 years tenure, at the same interest rate will be Rs. 74,365.
For instant and easy EMI calculation, you can use the Personal Loan EMI Calculator available on our website.
Eligibility Criteria for a 35 Lakh Personal Loan
Below are some basic eligibility criteria for Rs. 35 lakh loan:
- Minimum age required for loan application: 21 years
- Occupation: Salaried/ self-employed
- Nationality: Indian resident
- Minimum income: Rs. 15,000 per month
- Credit score: Minimum 700
Documents Required for a 35 Lakh Loan
The list of documents for a personal loan of 35 lakhs is mentioned below:
Documents for Salaried Applicants
- Proof of identity and address: Passport/ Ration Card/ Driving License/ PAN Card/ Voter ID Card/ Aadhaar Card/ Utility Bills (not older than 3 months)
- Proof of income: Salary slips of the last 3 months, salary bank account statements for the previous 6 months, and ITR/Form 16
Documents for Self-employed Applicants
- Proof of identity and address: Passport/ Ration Card/ Driving License/ PAN Card/ Voter ID Card/ Aadhaar Card/ Utility Bills (not older than 3 months)
- Proof of income: ITR of last 2 years with P&L Account Statement, last 3 years’ bank account statements, balance sheet, and income computation of the last 2 years
- Proof of business: Income Tax Challan/ TDS certificate (Form 16A) for income tax declared and Form 26 AS
How to Apply for a ₹35 Lakh Personal Loan
Following are the steps to apply for a 35 Lakh personal loan online:
- Click the personal loan tab available on the home page of our website.
- Select a preferred personal loan partner.
- Check your loan eligibility and the documents required for application.
- Click the ‘Apply Now’ button and then fill in the application form by mentioning some basic details online.
- After a personal loan eligibility pre-assessment by the lender, you will be required to upload some documents to complete the application.
- After successfully verifying the provided details, the lender will approve your loan request.
- The approved amount will be disbursed to your bank account.
Why Opt for a 35 Lakh Loan
Below are some of the reasons to apply for a personal loan of Rs. 35 Lakhs:
- You can get a 35 Lakhs personal loan without collateral as these loans are collateral-free.
- Pre-approved customers can get a personal loan of Rs. 35 Lakhs with minimal or even no documents.
- You can apply for the loan instantly through the preferred lender’s website or online lending portals.
- Sometimes, the documentation process is also 100% digital.
- The lender transfers the approved loan amount directly to the borrower’s bank account.
- Personal loan interest rates are affordable and start at just 10% p.a.
- The loan can be repaid in affordable EMIs within a tenure of 12 to 96 months.
- You can calculate your EMI instantly online using the personal loan EMI calculator.
FAQs
The EMI for a 35 Lakhs personal loan for 5 years varies depending on the interest rate. For instance, the 35 Lakh personal loan EMI for 7 years at 10% p.a. interest rate will be Rs. 58,104.
The EMI for Rs. 35 Lakhs personal loan depends on the applicable rate of interest and tenure. For instance, at an 11% p.a. interest rate for 5 years tenure, the EMI will be Rs. 76,098.
You can apply for a 35 lakh personal loan online through the lender’s website/mobile app or online lending portals. You can also apply offline by visiting the nearby branch of the lending institution.
If you have an excellent credit score and an existing relationship with the lender, you can negotiate the interest rate on a ₹35 lakh personal loan.
Currency, Bajaj Finserv, Aditya Birla Capital, HDFC Bank, and ICICI Bank offer the most competitive interest rates on personal loans.
The 35 Lakh personal loan EMI for 10 years varies depending on the applicable interest rate. For example, the 35 lakh loan EMI for 10 years at 10% p.a. interest rate will be Rs. 46,253.
The 35 Lakh loan EMI for 20 years varies depending on the interest rate. For instance, the 35 Lakh loan EMI for 20 years at an 11% p.a. interest rate will be Rs. 36,127.