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Calculate EMI for ₹1 lakh Personal loan

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

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

EMI for a Personal Loan of ₹1 Lakh

You can easily calculate your monthly instalment for a personal loan of ₹1 Lakh with the help of an EMI calculator. Let us explore the impact of various tenures on your monthly instalment. For this consider the interest rate to be 11% p.a.

Tenure

EMI Amount

Total Interest

Total Repayment Amount

12 months

₹8,838

₹6,052

₹1,06,052

24 months

₹4,660

₹11,848

₹1,11,848

36 months

₹3,273

₹17,842

₹1,17,842

48 months

₹2,584

₹24,035

₹1,24,035

60 months

₹2,174

₹30,425

₹1,30,425

Lenders that Offer Personal Loans of ₹1 Lakh

Our Partners
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Maximum Loan Tenure
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Maximum Loan Amount
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Minimum Interest Rate
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Bajaj Finance Limited

72 months

₹35 Lakhs

11.00% p.a.

4.7
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CASHe

12 months

₹4 Lakhs

27.00% p.a.

4.4
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Fibe

36 months

₹5 Lakhs

14.00% p.a.

4
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Finnable

60 months

₹10 Lakhs

15.95% p.a.

4
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IIFL Finance

42 months

₹5 Lakhs

18.00% p.a.

4.1
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InCred

72 months

₹10 Lakhs

16.00% p.a.

4.3
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KreditBee

24 months

₹4 Lakhs

18.00% p.a.

4.1
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Kotak Mahindra Bank

60 months

₹25 Lakhs

10.99% p.a.

4.2
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L&T Finance

48 months

₹15 Lakhs

11.00% p.a.

4.6
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moneyview

60 months

₹5 Lakhs

16.00% p.a.

4.2
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Muthoot Finance

60 months

₹15 Lakhs

14.50% p.a.

4
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PaySense Partners

60 months

₹5 Lakhs

15.00% p.a.

4.3
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Privo

60 months

₹5 Lakhs

9.99% p.a.

4.5
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Olyv

12 months

₹5 Lakhs

1.50% p.m.

4.1
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SMFG India Credit

60 months

₹25 Lakhs

12.00% p.a.

4.2
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Upwards

36 months

₹5 Lakhs

1.50% p.m.

4.3
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YES BANK

72 months

₹50 Lakhs

10.99% p.a.

4.2
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Zype

12 months

₹5 Lakhs

18.00% p.a.

4
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*Disclaimer: The aforementioned details and charges are subject to change at the lender’s discretion.

Features and Benefits

Low Interest Rates

Enjoy attractive rates from just 9.99% p.a. and save significantly on your repayments

Multi-purpose Loan

Utilise funds for medical emergencies, travel, and more as these loans come with no end-use restrictions

No Collateral

Secure an online personal loan without submitting any of your assets as collateral

Eligibility Criteria and Documents Required

Make sure to meet the following criteria to qualify for a personal loan of ₹1 Lakh:

  • Age: 21 years and above

  • Credit Score: 600 or higher

  • Minimum Monthly Income: ₹15,000

  • Work Experience: 2-3 years

  • Citizenship: Indian

  • Employment Type: Salaried or self-employed

 

Also, keep the documents handy for a seamless loan application process:

  • ID Proof: Any one of the following

    1. PAN card

    2. Aadhaar card

    3. Voter ID

    4. Driving licence

    5. Passport

  • Address Proof: Any one of the following 

    1. Voter ID

    2. Passport

    3. Aadhaar card

    4. Driving licence

    5. Utility bill

  • Income Proof: Salary slip or bank statement of the last 3 months

FAQs

Can I get a loan of ₹1 Lakh without submitting my income proof?

You can get a ₹1 Lakh loan without income proof. However, for this, you will be required to meet certain conditions like offering collateral.

How can I get a personal loan of ₹1 Lakh?

You can apply for a personal loan of ₹1 Lakh through Bajaj Markets by following these simple steps:

  • Click on the ‘Apply Now’ option on this page

  • Enter your personal and professional details

  • Choose a lender from the list provided

  • Select the required loan amount and preferred tenure

  • Check the information entered and submit the application

 

Following this, a representative will reach out to you for further proceedings.

What is the interest rate applicable on a personal loan of ₹1 Lakh?

You can secure a loan of ₹1 Lakh at interest rates starting from just 9.99% p.a. by applying for it on Bajaj Markets

Can I get a personal loan of ₹1 Lakh without submitting any collateral?

Since personal loans are collateral-free, you can get a personal loan without offering any security.

How fast can I get a personal loan of ₹1 Lakh?

You can get a personal loan instantly within minutes by applying for it on Bajaj Markets. Here, multiple lending partners like Fibe, KreditBee, Privo, and Kissht send the amount to your account within 5 to 15 minutes, once your application is approved.

What is the minimum and maximum tenure for a loan of ₹1 Lakh?

You can enjoy tenures ranging from a couple of months to 6 years by applying for a personal loan of ₹1 Lakh on Bajaj Markets.

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