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Zype is a great choice if you want to get a personal loan of up to ₹2 lakh to pay for any kind of expense, no matter how big or small. Any urgent financial necessity will benefit greatly from Zype’s speedy funding, easy application process, and immediate loan acceptance.
You can benefit from a larger loan amount, such as ₹2 lakh, with reasonable interest rates that make repayment feasible if your monthly earnings is at least Rs. 15,000 and you have the means to repay the loan. It is appropriate for you to receive the support you require because there is no complicated paperwork and money is also easily accessible with Zype.
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 on aadhar card is easy to avail & easier to repay. On Zype, you can get approved for personal loan of this amount within 60 seconds without any paperwork or collateral & pay later in flexible EMIs. Enjoy competitive interest rates starting at just 1.5% per month, making it simple to manage your loan while addressing your financial needs.
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:
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.
You can borrow the money you need now & pay later in 6, 9 & 12 EMIs based on your preference.
Zype offers personal loans at a very competitive interest rate starting at just 1.5% (monthly)
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.
Get instant access to the cash you need without having to worry about your assets because Zype offers unsecured loans.
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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
Say goodbye to endless paperwork & required document uploads because you only need these to complete your application for an instant loan on Zype:
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)
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.
You can apply for a higher credit limit on Zype just by uploading your bank statement for the last 4 months.
18 years or above
Indian with a valid PAN & Aadhaar card.
Salaried individual
Monthly income of at least ₹15,000
When applying for a ₹2,00,000 personal loan, several factors can impact the interest rate you’ll receive. Understanding these can help you secure a more favorable rate and reduce your repayment burden. Here are some key factors:
Age: Lenders often consider your age as it can affect loan tenure and repayment capacity. Zype offers personal loans up to ₹2,00,000 for the age above 18 years.
Employment Status: Your job stability and income level play a significant role in determining interest rates. Salaried individuals with stable employment are mostly considered by lenders for better loan offers with affordable interest rates.
Credit Score: A higher credit score indicates good creditworthiness and increases the chances of securing a lower interest rate. A score of 750 or above is typically seen as favorable by lenders.
By considering these factors, you can improve your chances of getting a competitive interest rate on your personal loan.
| 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 |
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 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.
| Loan Amount | Interest Rate | Tenure (in months) | EMI in Rs |
|---|---|---|---|
| Rs 200000 | 18% | 6 | Rs 35105.04 |
| 9 | Rs 23921.96 | ||
| 12 | Rs 18336 |
*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.
You can use a ₹2 Lakh Personal Loan for various purposes such as :
Home Renovation Loan: Covers home improvement expenses, letting you upgrade your space without depleting savings.
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!
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.
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.
Yes, you can! On Zype, you can get a ₹2 lakh loan on Aadhaar card & PAN, without having to upload any documents.
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.
Yes, you can get a ₹2 lakh loan with just your Aadhaar card for identity verification. However, lenders may still require additional documents, like proof of income and PAN, to assess eligibility and finalize approval.
To get a ₹2 lakh loan using your Aadhaar card, apply online through the Zype’s app or website, upload your Aadhaar for identity verification, and submit other required documents like proof of income. Once verified, the loan is processed and disbursed.
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.
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.
The monthly EMI you pay on your personal loan depends on your approved loan amount, interest rate offered, & the selected loan tenure.
The loan tenure for a ₹ 2 lakh personal loan on Zype ranges from 6-12 months. You can choose your repayment plan based on your preference.
With Aadhaar card verification, the process is usually quick and can take a few hours to 1-2 business days. Many lenders offer fast disbursal upon successful verification of identity and income.
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