Get a ₹2 Lakh Personal Loan with Flexible EMI Options
Get a ₹2 Lakh Personal Loan with Flexible EMI Options
Get a ₹2 Lakh Personal Loan with Flexible EMI Options
Get a ₹2 Lakh Personal Loan with Flexible EMI Options
Need ₹2 lakh urgently for a major expense or emergency? Estimate your monthly EMI with the EMI calculator on the right, find a repayment plan that works for you, and apply online with Freo.
Need ₹2 lakh urgently for a major expense or emergency? Estimate your monthly EMI with the EMI calculator on the right, find a repayment plan that works for you, and apply online with Freo.
No Collateral Required
Flexible EMIs up to 48 Months
100% Digital Application Process
Loan Disbursal in Under 5 Minutes
30
Lakh+
Happy Customers
10,000
Crores
Loans Disbursed
100%
Safe and Secure.
RBI-Regulated Partners.
Lifetime Access
to Personal Loan
30
Lakh+ Happy Customers
10,000
Crores Loans Disbursed
100%
Safe and Secure. RBI-Regulated Partners.
Lifetime Access to Personal Loan
30
Lakh+
Happy Customers
10,000
Crores
Loans Disbursed
100%
Safe and Secure.
RBI-Regulated Partners.
Lifetime Access
to Personal Loan
Trusted & used by 30M+ users
5 star rating
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
Trusted & used by 30M+ users
5 star rating
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.
Julen
Customer
You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.
Navjyoti
Customer
I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.
N cavin misao
Customer
Key Features of Freo’s ₹2 Lakh Instant Personal Loan
Key Features of Freo’s ₹2 Lakh Instant Personal Loan
Quick Application Decision
Get a decision on your personal loan application in as little as 5 minutes.
Fast Fund Transfer
After approval, the sanctioned loan amount is transferred directly to your bank account.
No Collateral or Security
Apply without pledging property, gold, or other assets against the loan.
Repayment Tenure Options
Choose a repayment tenure of 3 to 48 months and manage your EMIs accordingly.
Interest Rates from 12% p.a.
Eligible applicants can get personal loan interest rates starting from 12% per annum.
100% Digital Process
Apply online and complete the loan process without visiting a branch.
Simple Documentation
Complete the application with essential details and documents, PAN, Aadhaar, and selfie.
Know the Costs Upfront
View the applicable interest rate, processing fees, and other charges before accepting the loan.
Convenient Top-Ups
Existing customers who meet the eligibility criteria can apply for a top-up to access additional funds.
From simple applications to flexible EMIs, Freo makes borrowing easier.
From simple applications to flexible EMIs, Freo makes borrowing easier.
What Is the Monthly EMI on a ₹2 Lakh Loan?
What Is the Monthly EMI on a ₹2 Lakh Loan?
Estimate your monthly EMI for a ₹2 lakh personal loan and explore repayment options based on your chosen tenure and interest rate
Estimate your monthly EMI for a ₹2 lakh personal loan and explore repayment options based on your chosen tenure and interest rate
EMI Comparison Table to help you see how your EMI changes when you choose different repayment tenures.
| Loan Amount (INR) | Interest Rate (per annum) | Loan Tenure | EMI (INR) |
|---|---|---|---|
| ₹1,00,000 | 12% | 6 Months | ₹17,268 |
| ₹1,00,000 | 12% | 12 Months (1 Year) | ₹8,885 |
| ₹1,00,000 | 12% | 24 Months (2 Years) | ₹4,707 |
| ₹1,00,000 | 12% | 36 Months (3 Years) | ₹3,321 |
| ₹1,00,000 | 12% | 48 Months (4 Years) | ₹2,633 |
| ₹1,00,000 | 12% | 60 Months (5 Years) | ₹2,224 |
EMI Comparison Table to help you see how your EMI changes when you choose different repayment tenures
| Loan Amount | Rate | Tenure | Approx. EMI |
|---|---|---|---|
| ₹2,00,000 Loan | 12% | 1 Year | ₹17,770 |
| ₹2,00,000 Loan | 12% | 2 Years | ₹9,415 |
| ₹2,00,000 Loan | 12% | 3 Years | ₹6,643 |
| ₹2,00,000 Loan | 12% | 4 Years | ₹5,267 |
| ₹2,00,000 Loan | 12% | 5 Years | ₹4,449 |
Eligibility & Documents Required for a ₹2 Lakh Loan
Eligibility & Documents Required for a ₹2 Lakh Loan
Who Can Apply
Indian resident, aged 22 to 55 years
Minimum net monthly income of ₹25,000
Both salaried & self-employed applicants eligible
Has a credit score of 650 or above
What You’ll Need
PAN card
For Identity and Credit Verification
ID proof
(Aadhaar Card, Passport or Driving Licence)
Address proof
(Aadhaar, Passport
or Driving Licence)
Selfie via app
(for KYC)
Who Can Apply
Indian resident, aged 22 to 55 years
Minimum net monthly income of ₹25,000
Both salaried & self-employed applicants eligible
Has a credit score of 650 or above
What You’ll Need
PAN card
For Identity and Credit Verification
ID proof
(Aadhaar Card, Passport or Driving Licence)
Address proof
(Aadhaar, Passport
or Driving Licence)
Selfie via app
(for KYC)
Who Can Apply
Indian resident, aged 22 to 55 years
Minimum net monthly income of ₹25,000
Both salaried & self-employed applicants eligible
Has a credit score of 650 or above
What You’ll Need
PAN card
For Identity and Credit Verification
ID proof
(Aadhaar Card, Passport or Driving Licence)
Address proof
(Aadhaar, Passport
or Driving Licence)
Selfie via app
(for KYC)
How to Get a ₹2 Lakh Loan Instantly from Freo
How to Get a ₹2 Lakh Loan Instantly from Freo
Step 1
Download and apply
Download the Freo app and complete your registration and loan application.
Step 2
Verify your details
Complete KYC with a selfie, confirm your employment and income details, and verify your bank account.
Step 3
Set your terms
Step 4
Get your funds
Step 1
Download & apply
Download the Freo app and complete your registration and loan application.
Step 2
Verify your details
After the approval from our system, we’ll schedule a KYC visit to your house / office to collect documents.
Step 3
Set your terms
Credit line is ready to use! From the approved limit, transfer as much money as you need to your bank account.
Step 4
Get your funds
₹2 Lakh Personal Loan
Fees & Charges
₹2 Lakh Personal Loan
Fees & Charges
Review the applicable interest rate, processing fee, and other charges before taking a ₹2 lakh personal loan.
Review the applicable interest rate, processing fee, and other charges before taking a ₹2 lakh personal loan.
| Type of Charge | Applicable Amount |
|---|---|
| Interest Rate | Starting at 12% p.a. / approx. 1% per month |
| Processing Fee | Starting at 2% of the loan amount, charged upfront at disbursal |
| Late Payment / Overdue EMI Interest | Up to 3% per month on the outstanding principal |
| Foreclosure Charges | Up to 3–4% of the outstanding amount in certain cases. No lock-in period; loan can be closed anytime. |
| Documentation Fee | May apply based on the user profile |
| ECS / Payment Bounce Charge | May apply based on user profile and repayment behaviour |
| GST | Applicable as per government and regulatory guidelines |
| Loan Tenure | 3 to 48 Months |
| Type of Charge | Applicable Amount |
|---|---|
| Interest Rate | Starting at 12% p.a. / approx. 1% per month |
| Processing Fee | Starting at 2% of the loan amount, charged upfront at disbursal |
| Late Payment / Overdue EMI Interest | Up to 3% per month on the outstanding principal |
| Foreclosure Charges | Up to 3–4% of the outstanding amount in certain cases. No lock-in period; loan can be closed anytime. |
| Documentation Fee | May apply based on the user profile |
| ECS / Payment Bounce Charge | May apply based on user profile and repayment behaviour |
| GST | Applicable as per government and regulatory guidelines |
| Loan Tenure | 3 to 48 Months |
| Type of Charge | Applicable Amount |
|---|---|
| Interest Rate | Starting at 12% p.a. / approx. 1% per month |
| Processing Fee | Starting at 2% of the loan amount, charged upfront at disbursal |
| Late Payment / Overdue EMI Interest | Up to 3% per month on the outstanding principal |
| Foreclosure Charges | Up to 3–4% of the outstanding amount in certain cases. No lock-in period; loan can be closed anytime. |
| Documentation Fee | May apply based on the user profile |
| ECS / Payment Bounce Charge | May apply based on user profile and repayment behaviour |
| GST | Applicable as per government and regulatory guidelines |
| Loan Tenure | 3 to 48 Months |
FAQs About ₹2 Lakh Personal Loans
FAQs About ₹2 Lakh Personal Loans
Can I get an instant ₹2 lakh personal loan online?
How do I know if I am eligible for a ₹2 lakh personal loan?
Will I get the full ₹2 lakh amount I apply for?
What income is required for a ₹2 lakh personal loan?
What credit score is needed for a ₹2 lakh personal loan?
How much will the EMI be on a ₹2 lakh personal loan?
What repayment tenure can I choose for a ₹2 lakh personal loan?
What can I use a ₹2 lakh personal loan for?
Is a ₹2 lakh personal loan secured or unsecured?
How quickly can I receive a ₹2 lakh personal loan after approval?
What documents are needed for a ₹2 lakh personal loan?
What charges should I check before taking a ₹2 lakh personal loan?
How can I improve my chances of getting approved for a ₹2 lakh personal loan?
Can I close my ₹2 lakh personal loan before the tenure ends?
What happens if I miss an EMI on my ₹2 lakh personal loan?
Can I borrow more if ₹2 lakh is not enough?
Find the Right Personal Loan Amount
3,000 Loan
Handle small, unexpected expenses quickly.
10,000 Loan
Cover short-term expenses without stretching your budget.
20,000 Loan
Manage everyday needs or a larger one-time expense.
50,000 Loan
Get extra funds for bigger planned or urgent expenses.
1 Lakh Loan
Manage major personal expenses with more flexibility.
2 Lakh Loan
Get the funds you need for larger financial commitments.
3 Lakh Loan
Finance high-value personal needs with flexible repayment.
Find the Right Personal Loan Amount
3,000 Loan
Handle small, unexpected expenses quickly.
10,000 Loan
Cover short-term expenses without stretching your budget.
20,000 Loan
Manage everyday needs or a larger one-time expense.
50,000 Loan
Get extra funds for bigger planned or urgent expenses.
1 Lakh Loan
Manage major personal expenses with more flexibility.
2 Lakh Loan
Get the funds you need for larger financial commitments.
3 Lakh Loan
Finance high-value personal needs with flexible repayment.
Find the Right Personal Loan Amount
3,000 Loan
Handle small, unexpected expenses quickly.
10,000 Loan
Cover short-term expenses without stretching your budget.
20,000 Loan
Manage everyday needs or a larger one-time expense.
50,000 Loan
Get extra funds for bigger planned or urgent expenses.
1 Lakh Loan
Manage major personal expenses with more flexibility.
2 Lakh Loan
Get the funds you need for larger financial commitments.
3 Lakh Loan
Finance high-value personal needs with flexible repayment.
3,000 Loan
Handle small, unexpected expenses quickly.
10,000 Loan
Cover short-term expenses without stretching your budget.
20,000 Loan
Manage everyday needs or a larger one-time expense.
50,000 Loan
Get extra funds for bigger planned or urgent expenses.
1 Lakh Loan
Manage major personal expenses with more flexibility.
2 Lakh Loan
Get the funds you need for larger financial commitments.
3 Lakh Loan
Finance high-value personal needs with flexible repayment.
Need Funds for Something Else?
Travel Loan
Turn your travel plans into reality.
Home Renovation Loan
Give your home the upgrade it deserves.
Medical Loan
Get financial support for medical emergencies.
Used Bike Loan
Finance a pre-owned ride with ease.
Marriage Loan
Make your big day easier to fund.
Consumer Durable Loan
Bring home the essentials you need.
Used Car Loan
Drive home a pre-owned car with ease.
Mobile Loan
Upgrade your phone with easy EMIs
Student Loan
Fund your education and future goals.
Debt Consolidation Loan
Combine multiple debts into one easy repayment plan.
Laptop Loan
Get the laptop you
need with easy finance.
Travel Loan
Turn your travel plans into reality.
Home Renovation Loan
Give your home the upgrade it deserves.
Medical Loan
Get financial support for medical emergencies.
Used Bike Loan
Finance a pre-owned ride with ease.
Marriage Loan
Make your big day easier to fund.
Consumer Durable Loan
Bring home the essentials you need.
Used Car Loan
Drive home a pre-owned car with ease.
Mobile Loan
Upgrade your phone with easy EMIs
Student Loan
Fund your education and future goals.
Debt Consolidation Loan
Combine multiple debts into one easy repayment plan.
Laptop Loan
Get the laptop you need with easy finance.
Travel Loan
Turn your travel plans into reality.
Home Renovation Loan
Give your home the upgrade it deserves.
Medical Loan
Get financial support for medical emergencies.
Used Bike Loan
Finance a pre-owned ride with ease.
Marriage Loan
Make your big day easier to fund.
Consumer Durable Loan
Bring home the essentials you need.
Used Car Loan
Drive home a pre-owned car with ease.
Mobile Loan
Upgrade your phone with easy EMIs
Student Loan
Fund your education and future goals.
Debt Consolidation Loan
Combine multiple debts into one easy repayment plan.
Laptop Loan
Get the laptop you
need with easy finance.
Make the Move
What are you waiting for?
MWYN Tech Private Limited
CIN: U72200KA2015PTC083534
Address:
G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066
Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.
Make the Move
What are you waiting for?
MWYN Tech Private Limited
CIN: U72200KA2015PTC083534
Address:
G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066
Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.
Make the Move
What are you waiting for?
MWYN Tech Private Limited
CIN: U72200KA2015PTC083534
Address:
G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066
Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.