Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

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 Loans & Apply Online

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

Bajaj Finance Limited

13.5% p.a. Onwards

Axis Bank

10.49% p.a. Onwards

PaySense Partners

14% p.a. Onwards


14% p.a. Onwards


30% p.a. Onwards


15% p.a. Onwards

SMFG India Credit

12% p.a. Onwards

Muthoot Finance

14.50% p.a. Onwards


10.99% p.a. Onwards


24% p.a. Onwards

IIFL Finance

18% p.a. Onwards


21% p.a. Onwards


1.5% p.m. Onwards

L&T Finance

11% p.a. Onwards


15.95% p.a. Onwards


2% p.m. Onwards

Kotak Mahindra Bank

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.


How to Apply for Personal Loan Online

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.

Calculate Your Personal loan EMI

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

Features and Benefits

High Loan Amount

High Loan Amount

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.

Attractive Interest Rate

Attractive Interest Rate

You can get a personal loan at an interest rate starting from 9.99% per annum on Bajaj Markets, which is one of the most competitive interest rates out there.
No End-Use Restriction

No End-Use Restriction

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.

Online Process

Online Process

You can apply for a personal loan from the comfort of your home through Bajaj Markets itself. All you must do is follow a few basic steps, and once your loan amount is approved, it will be credited to your account within hours.
No Collateral Required

No Collateral Required

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.

Flexible Loan Repayment Tenure

Flexible Loan Repayment Tenure

You can repay your personal loan over as long as 6 years, so you do not feel the burden of high EMI payments.

Minimal Foreclosure Charges

Minimal Foreclosure Charges

If you want to repay your personal loan ahead of the repayment tenure, you can do so for a minimal charge.

balance top up

Balance Top-up Facilities

If you need more money than what you borrowed initially as a personal loan, you can always avail of a balance top-up facility. Note that such facilities are exclusive to lenders and are provided at their discretion.
Variant of Personal Loans

Variant of Personal Loans

Flexi loan is a variant of Personal Loans. Unlike term loans, you can choose to withdraw the required funds from a pre-approved loan limit and pay interest only on the amount utilised, thus making the EMI payment hassle-free. It provides you with the flexibility to manage your cash flow and use funds as per your requirements 

Eligibility Criteria

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




Nature of Employment

Salaried Individual working with a public/private firm or Self-Employed


21 years and above

Minimum Net Monthly Income


Minimum Work Experience

2-3 years

Credit Score

600 or above

NTC Score (If the applicant is new to credit)

Above 150

Documents Required

You will need the following documents to get a personal loan through a lending partner of Bajaj Markets:

Document Requirement


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


2 passport-size photographs

Where Can a Personal Loan be Used?

  • Wedding: With the help of a marriage loan, you can take care of the seemingly endless list of expenses that one has to incur during weddings. Or you can also go about planning post-marriage trips with ease, knowing that you have enough money to take care of a majority of expenses.

  • Travel: You can fulfil your desire to travel to that dream destination with the help of a travel loan. You should easily be able to manage the expenses, such as the likes of flight tickets and hotel bookings, among others.

  • Home Renovation: If you have been trying to give your home a makeover, an instant personal loan can help you do just that. Courtesy of the money that you avail of as a personal loan, you will be able to manage the necessary expenses connected to home renovation and repair. Moreover, you can repay it over a flexible tenure of your choice.

  • Higher Education: A personal loan can also be used to pay for higher education. Personal loans are generally taken to meet expenses such as course fees, travel-related costs, and lodging/accommodation charges, among others.

  • Medical Exigency: A medical emergency can lead to financial trouble. Such emergencies can also force you to ask for assistance from your family and friends. To deal with such an emergency, you can apply for a personal loan for medical emergencies.

  • Buying Expensive Gadgets: Consumer durable loans, yet another type of personal loan, will provide you with the funds to purchase the gadgets you desire. You can use a consumer durable loan to purchase that TV you have always wanted, that mobile phone you have had your eyes on or even that speaker system that will turn your home into a happening party area.

  • You can also learn more about other types of personal loans on Bajaj Markets.

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Why Should You Apply for a Personal Loan at Bajaj Markets?

If you are looking for a personal loan, then Bajaj Markets is the best option for you. Here are some of the reasons to get a loan at the platform:

  • Fast Online Processing: The entire application process is undertaken online. Within a few minutes of applying for the loan, your application is reviewed and verified, and you will receive the loan amount instantaneously.

  • Minimal Paperwork: If you wish to secure a personal loan, you can do so by submitting minimal documentation.

  • No Hidden Charges: You can rest assured that if you opt for a loan from  Bajaj Markets, you will not have to bear any hidden charges.

  • Element of Trust: Bajaj Markets is one of the most trusted brands in India when it comes to personal loans. Book your personal loan now!

  • Zero Collateral: No guarantor/guarantee is required to get a personal loan on the platform.

Read More
FAQs on Personal Loan

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.

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