Short answer — can you really get ₹10,00,000 in 10 minutes?
Yes — but only in limited, specific circumstances. Marketing claims like “₹10L in 10 minutes for everyone” are misleading. Real-world quick disbursals of large amounts usually require one or more of the following:
- Pre-approved offers from your existing bank (you already banked/borrowed with them and have an account relationship).
- Bank-backed instant personal loan journeys where identity, KYC, income, and credit history are already verified.
- High-trust customers with excellent credit and previous good repayment history with the same lender.
- Digital top-ups on existing credit lines or overdraft facilities where the limit is pre-sanctioned.
Why disbursing ₹10L in 10 minutes is hard
Large loan amounts come with bigger risk. Lenders must confirm identity, income authenticity, bank flows, and credit history. For high-ticket loans, they may also need:
- More rigorous KYC & verification
- Full credit bureau checks and sometimes manual underwriter review
- Sanctioning by a human underwriter for non-standard profiles
- Bank gateway clearance for large NEFT/RTGS disbursals
All these checks are compressible if the lender already trusts you — e.g., you are an existing customer with pre-approved offers. Otherwise, compression to 10 minutes is rare.
Paths where 10-minute disbursal is possible
- Pre-approved bank personal loan: Pre-sanctioned limit available to select customers; disbursal often instant once you accept terms.
- Bank OD / overdraft against FD: Immediate against liquid collateral like fixed deposits.
- Top-up on existing loan: Faster if you have a clean repayment history.
- Large credit line / salary account offers: Instant transfers for high value clients.
Who has the best chance to get ₹10L quickly?
Borrowers most likely to get a large instant disbursal are:
- Existing bank customers: Salary account holders or long-term customers with strong deposits and a history of clean banking.
- High credit score holders: CIBIL 750+ and consistent repayment across products.
- High-income borrowers: Verified net monthly income that comfortably supports an added EMI for ₹10L.
- Collateral-backed cases: Loans against FD, NSC, or other approved securities can be disbursed instantly after a pledge is placed.
- Customers with pre-approved offers: Banks sometimes push “pre-approved personal loan” messages to select customers — accept and e-sign to get instant credit.
Step-by-step: Practical route to try for ₹10L in 10 minutes
Follow this flow to maximize your chances. Not all steps are required if you already have a pre-approved limit.
- Check for pre-approved offers in your bank app: Bank apps (HDFC, SBI, ICICI, Axis, etc.) often show pre-qualified loan offers. If you see a ₹10L pre-approved offer, read the Key Fact Statement (KFS) and accept. Disbursal can be almost instant after e-sign and mandate setup.
- Use bank overdraft against FD if immediate cash is needed: If you have an FD, many banks allow immediate loans or OD against FD with very low processing time.
- Top-up an existing loan/credit line: If you have an existing personal loan or credit line, request a top-up or limit increase; repeat good repayment history often accelerates approval.
- Have documents ready in digital form: PAN, Aadhaar, last 6–12 months bank statements, salary slips/ITR, and a selfie for e-KYC.
- Use bank-backed instant loan flows: Some banks offer ‘instant sanction and disbursal’ journeys for verified customers; use those rather than new third-party micro-loan apps for large amounts.
- Accept the offer and e-sign: Approve the offer immediately, e-sign the loan agreement, and set up e-mandate (NACH/UPI) for EMI collection.
- Confirm disbursal: Check net disbursal (processing fees may be deducted up-front) and bank credit — NEFT/RTGS may show within minutes if everything is pre-cleared.
Documents & digital prep (have these ready)
- PAN (mandatory)
- Aadhaar for eKYC
- Last 6–12 months bank statements (PDF export)
- Salary slips (last 3 months) or ITR / profit & loss for self-employed
- Latest passport-size photo or live selfie (for face match)
- Proof of employment / company ID if required
Use an Account Aggregator flow if the app offers it — it speeds verification and is secure.
What lenders check quickly
- Bank statement inflows and outflows (salary consistency)
- Credit bureau history
- Existing EMI load (DTI)
- Employment stability & tenure
- No recent large cash withdrawals that look suspicious
Costs & APR — What to expect for a large fast loan
Large and fast does not mean cheap. Compare on APR (Annual Percentage Rate) and Total Payable. Typical cost elements:
- Interest rate (APR): For prime salaried customers, personal loan APRs could be 9–14% with bank partners. For NBFC instant journeys, expect higher APRs if no relationship exists.
- Processing fee: Often 0.5%–2.5% of loan amount plus GST; sometimes deducted from disbursal.
- Foreclosure charges: Check if prepayment has a charge (0–4%).
- Late payment penalties: Usually a % over EMI or fixed fee — avoid missing EMIs.
Safety checks & red flags
- Platform must show the regulated lender (Bank / NBFC) name clearly.
- Key Fact Statement with APR and total payable must be available before acceptance.
- Do not pay fees to third-party wallets asking for “processing” outside the app.
- Install apps from official stores only and verify developer info and reviews.
What regulation says (short)
Digital lending platforms and partner lenders in India must comply with RBI guidance — disclose APR, KFS, grievance redressal details, and follow fair practice code. If a platform fails to disclose, do not proceed.
Which provider types can move fast on large sums?
- Banks (existing customers): Most reliable — pre-approved offers for wages/accounts they host; fastest for large sums.
- Large NBFCs with strong APIs: Can deliver fast decisions for good profiles, often same day.
- Loan against collateral (FD/NSC): Very quick if collateral is readily pledgeable.
- Top-up on existing bank loan: Fast for customers with spotless repayment history.
Micro-lending apps often offer speed but limited ticket sizes and higher rates; they rarely do ₹10L instantly.
Realistic scenarios — Examples
Scenario A — Salary account holder with pre-approved offer
Raj, a long-term salary account holder at Bank X, sees a pre-approved ₹10L personal loan offer in his bank app. He e-signs and sets up e-mandate — funds are disbursed via NEFT within 10–20 minutes. This is the most plausible path.
Scenario B — Secured against FD
Sana pledges an FD of ₹12 lakh as collateral and requests an OD or loan against FD. Bank processes the pledge and grants an OD limit instantly, which she uses the same day — quick but requires collateral.
Scenario C — New customer via NBFC app
A new customer applying for ₹10L on a digital NBFC will typically undergo more checks; decision may be instant for high-credit customers but disbursal usually takes more time — 24–72 hours is common.
10-point checklist to maximize chances of quick ₹10L disbursal
- Be an existing customer of a major bank and check pre-approved sections in the app.
- Keep PAN & Aadhaar linked and up-to-date.
- Maintain 6–12 months of clean bank statements with regular salary credits.
- Have a CIBIL/credit score >700 if possible.
- Ensure outstanding EMIs + proposed EMI keeps DTI ≤ 40%.
- Use Account Aggregator or bank PDF statements for fast verification.
- Be ready to e-sign the sanction and set e-mandate immediately.
- Confirm if processing fee will be deducted from disbursal so you know net credit.
- Apply during bank working hours for faster settlement (NEFT/RTGS rails).
- Keep contact details updated to receive OTPs and track disbursal UTRs.
Frequently Asked Questions
Q: Can I get ₹10L in 10 minutes as a first-time borrower?
A: Almost never. New large loans require verification. Build relationship or consider secured options.
Q: Which banks give pre-approved large loans?
A: Large retail banks sometimes pre-approve based on salary & relationship. Check your own bank’s app or notifications.
Q: Is loan against FD guaranteed instantly?
A: Lending against your own FD is among fastest options; banks often offer immediate limits once pledge paperwork is completed digitally or at branch.
Q: How to avoid fraud while seeking fast loans?
A: Never share OTP/UPI PIN, install apps from official stores, check lender name inside app, and confirm KFS before accepting.
Conclusion — Be realistic and prepared
Getting ₹10,00,000 in 10 minutes is possible but only for a subset of borrowers: those with pre-approved bank offers, ready collateral, or a trusted high-credit relationship. For most users the realistic approach is to prepare in advance: maintain clean bank statements, keep KYC and documents ready, and use bank-backed instant workflows. If you’re a first-time borrower, aim to build relationship and credit behavior — this will unlock faster, cheaper credit over time.