2 Lakh Rupees Loan Without Guarantor: Usually banks are asking for a guarantee to provide loan to their customers where most of the needed individuals did not manage the guarantee or collateral to fulfill this requirement. Reserve Bank of India has now announced a new law for banks and financial companies in India to offer up to 2 Lakh Rupees Loan Without Guarantor.
If you also want to get loan for up to 2 lakh rupees then you can read the article which will help you to understand the Eligibility criteria to get the 2 lakh rupees personal loan no guarantor India, ₹2 lakh loan without guarantor apply online, required documents for loan without income proof or guarantor, interest rates etc.
Farmers in India are now eligible to get the loan without any guarantee for a maximum limit of 2 lakh. According to the announcement by the RBI, the Bank will provide loans to farmer for cultivating activities only under the program. Earlier the maximum limit for loan brown guarantor was 1.6 lakh which have now increased by 2 lakh. However other companies and banks are also offering collateral Loan but they have other requirements such as providing the property details or Deposit the jewellery to the bank etc. But the 100% collateral free loan is offering to only farmers for harvesting and activity on their land.
2 Lakh Rupees Loan Without Guarantor Eligibility
The applicant who is looking to get a loan for 2 lakh Rupees in this program is Required to meet requirements by the bank to collect the loan in this 2 Lakh Rupees Loan Without Guarantor program.
Residency criteria: The applicant should be a permanent citizen of India and should live in the specific state Which proper domicile certificate.
Age criteria: The minimum age of the applicant should be at least 18 years old while applying for the loan under this program. However the maximum age is not mentioned by the RBI but you need to check the specific Bank criteria to check the maximum age of the applicant. Usually the applicant should pay all the installments of the loan by the age of 70.
Kisan credit card: All the farmers who have Kisan credit cards will get additional benefits while applying for the loan without guarantor for maximum 2 lakh rupees. You will do not have Kisan credit card then you need to firstly apply for it and after that can use the additional benefits for farmer by Centre Government.
Should have a cultivating land: It is required to have the cultivating land where the farmer will use the loan amount to the production of crops and other linked business. If you are working on a land with lease then you need to Provide other different to the bank to check the authenticity of the applicant.
Documents for ₹2 Lakh Instant Loan Without Guarantor in 2025
You will require to provide the following documents to the bank while applying for the loan of RS 2 lakhs without any guarantor.
- Aadhar card of the application
- passport size photograph
- bank account passbook
- Kisan credit card photocopy
- The proof of the land
- proof of electricity for the cultivating land
- The purpose of the loan amount Should also be provided to the bank in a written form.
How to Get ₹2 Lakh Personal Loan Without Guarantor or Collateral?
Beneficiaries are required to follow the following step by step guideline to apply for the 2 Lakh Personal Loan amount from the bank under the Rs 2 lakh Rupees loan without guarantor program.
Step 1: The first step is to arrange your all the documents which are mentioned above and prepare a set of the photocopy which will be submitted at the bank while applying for the loan amount .
Step 2 : The next step is to visit to your nearest bank which is offering the loan amount under this program. You can also search through online mode in your device about the Kisan credit card loan for maximum Rs 2 lakh Rupees limit accordingly. You are suggested to find the loan program in your bank where you have already a bank account so it will help you to get Instant approval.
Step 3: The third step is to fill the application form manually where you need to provide your all the basic details, bank account information, Kisan credit card details, maximum loan which you want to get, Contact details including mobile number, address, The purpose of the loan, monthly EMI etc.
At the end you need to deposit your all the documents along with the application form to the bank representative so they will verify your details within a few weeks and will contact you to continue your application where they will provide you with the loan amount in your bank accordingly.
You are required to check the interest rates, hidden charges, processing fees and all other amounts which will be deducted from your bank account while applying for the loan. Usually up to 2% processing fees are deducted From your loan amount directly.
FAQs About 2 Lakh Rupees Loan Without Guarantor
In 2025, Is It Possible For Me To Obtain A ₹2 Lakh Loan Without A Guarantor?
Yes, if you have a good credit score and a steady income, you can get a ₹2 lakh personal loan from a number of banks, NBFCs, and digital lending apps without a guarantor.
Can I Get This Loan Without Income Proof Or CIBIL?
Although they typically have higher interest rates, some fintech platforms provide loans without CIBIL or Salary Slip. For independent contractors or freelancers, a consistent bank statement can serve as documentation.
How Long Does It Take To Repay A ₹2 Lakh Loan Without A Guarantee?
Most lenders provide adjustable EMIs ranging from three to thirty-six months. Interest rates, which can range from 10% to 24% annually, determine EMI.