A Personal Loan is an unsecured form of credit that one can avail to meet any financial requirement. Be it funding your next foreign trip, renovating your home, or meeting unforeseen medical expenses, an instant Personal Loan can be your ultimate respite. Those who need loans in this day and age can easily apply online at Bajaj Markets and can get the best Personal Loan offers in India.
Personal Loan Details |
|
Interest Rate |
9.99% p.a. Onwards |
Processing Fee |
Between 0.5% and 2.50% of the loan amount |
Loan Amount Range |
Up to ₹50 Lakhs |
Loan tenure |
1 to 6 years |
Prepayment Charges |
2-3% of the outstanding loan amount |
Late Payment Charges |
2% of the due amount |
*The interest rates and associated charges can vary from one lending partner to the other and are subject to policy changes of the partner.
At Bajaj Markets, we connect you with the best personal loan lending partners across India. You can compare personal loans and pick from the best lenders based on your convenience and apply for an instant loan on terms that you deem to be favourable.
Compare personal loan interest rates of some of the leading Indian lenders right away. Their borrowing rates are as follows:
Our Partners |
Interest Rate Range |
13.5% p.a. Onwards |
|
10.49% p.a. Onwards |
|
14% p.a. Onwards |
|
14% p.a. Onwards |
|
30% p.a. Onwards |
|
15% p.a. Onwards |
|
12% p.a. Onwards |
|
14.50% p.a. Onwards |
|
10.99% p.a. Onwards |
|
24% p.a. Onwards |
|
18% p.a. Onwards |
|
21% p.a. Onwards |
|
1.5% p.m. Onwards |
|
11% p.a. Onwards |
|
15.95% p.a. Onwards |
|
2% p.m. Onwards |
|
10.99% p.a. Onwards |
|
9.99% p.a. Onwards |
*The interest rate charges are subject to constant change as they are affected by several factors. Please check the prevailing interest rate with your lender before applying.
An applicant first needs to make sure they meet the essential eligibility criteria to get the desired loan amount, which must be followed by the detailed steps to apply for a personal loan online.
Fill Details: Enter the required details in the application form.
Choose Amount: Choose the loan amount you desire from the lending partner (subject to eligibility) and add a suitable loan tenure to get instant approval.
Provide Documents: Provide all the required documents and the application form for verification.
Get Approval: Once your loan is approved, the amount will get disbursed to your bank account within 24 hours.
Year | Principal | Interest | Balance |
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You can avail of an online personal loan of up to ₹50 Lakhs. The personal loan amount you are eligible for will depend on factors such as your monthly income, CIBIL score, and overall repayment capability.
You can use a personal loan for basically anything, from funding a vacation to paying for marriage or turning your living room into your cinema hall. You can also use the loan amount to pay those unforeseen medical bills immediately.
You do not need to offer any of your valued possessions as collateral to get a personal loan from us. However, if you need a more considerable amount, you can always opt for a Loan Against Property.
You can repay your personal loan over as long as 6 years, so you do not feel the burden of high EMI payments.
If you want to repay your personal loan ahead of the repayment tenure, you can do so for a minimal charge.
Banks and financial institutions have laid out their own variation of personal loan eligibility criteria that every individual who needs a personal loan must meet. Generally speaking, to get an instant personal loan online, you will need to satisfy the following eligibility criteria:
Eligibility Criteria |
Particulars |
Nationality |
Indian |
Nature of Employment |
Salaried Individual working with a public/private firm or Self-Employed |
Age |
21 years and above |
Minimum Net Monthly Income |
₹15,000 |
Minimum Work Experience |
2-3 years |
Credit Score |
600 or above |
NTC Score (If the applicant is new to credit) |
Above 150 |
You will need the following documents to get a personal loan through a lending partner of Bajaj Markets:
Document Requirement |
Particulars |
Identity Proof |
PAN/Aadhaar card, Voter’s ID, passport, driving licence |
Proof of Residence |
Voter’s ID, Aadhaar card, passport, driving licence, electricity bill, telephone bill |
Income Proof |
Bank statement or salary slips for the last three months |
Photographs |
2 passport-size photographs |
A personal loan refers to an unsecured credit source, which is generally utilised to meet pressing financial requirements. To plan for a personal loan, use an EMI Calculator to gauge the EMIs, and check the eligibility requirements before applying.
When you apply for a personal loan at Bajaj Markets, your application is verified and approved. Once done, the loan amount gets transferred to your account instantly.
If you are a working Indian national above 21 years of age with a CIBIL score of 600 or above, you should quickly get a personal loan through Bajaj Markets
You can avail of a personal loan amount of up to ₹50 Lakhs through Bajaj Markets. However, the maximum personal loan amount you can avail of will depend on your eligibility.
The repayment tenure of a personal loan can be up to 6 years. It will depend on your lender, your principal amount, and your repayment capability.
When you apply for a personal loan, banks consider your age, monthly income, credit score, documents, and credit history.
As and when you have surplus cash left over from your monthly expenses, you can use that to repay your loan. With every repayment made, your principal amount goes down further.
If, by chance, you cannot pay the EMI for your loan, you will be charged a penalty by the bank. This tends to range from 2%-3% of the amount overdue.
To prevent the rejection of your personal loan application, ensure you meet all the eligibility requirements and have the proper documentation in place.