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Unexpected expenses are likely to throw your monthly budget off track. This may not be a major cash flow problem, but even a minor shortfall might throw off your plans. A small personal loan of say ₹10,000 could be the solution in such a situation. Small personal loans are available with rapid approval and minimal documentation.

Purpose of ₹10,000 Personal Loan

There can be many reasons to apply for a personal loan of ₹10,000. Some of the common reasons why people take out small personal loans are:


  • Urgent need for cash in an emergency

  • Debt consolidation, i.e. paying off other obligations using the loan amount

  • Big-ticket shopping expenses

  • Planning for a vacation

  • Paying medical bills

Interest Rates on ₹10,000 Personal Loan

You can avail a ₹10,000 personal loan at Bajaj Markets from our various lending partners at affordable interest rates. The interest rates levied by our lending partners along with the applicable processing fee are as per the following table:

Lending Partner Name

Starting Interest Rate

Bajaj Finance Limited

14% p.a onwards

SMFG India Credit

12% p.a onwards


14% p.a onwards

Axis Bank

10.49% p.a onwards

Muthoot Finance

13.75% p.a onwards


27% p.a onwards


14% p.a onwards


14% p.a onwards

Yes Bank

10.70% p.a onwards


18% p.a onwards


24% p.a. onwards

IIFL Finance

18% p.a onwards


1.5% p.m. Onwards

L&T Finance

11% p.a. Onwards

Disclaimer: The rates mentioned above are subject to constant change. You must always check with the lender before applying. Additionally, the final interest rate applicable to you will depend on factors such as your repayment tenure, your age, your monthly income, and your CIBIL score.

Eligibility Criteria for ₹10,000 Personal Loan

The eligibility criteria for personal loans are not only different for different lenders but also depend upon the credit profile of the borrower. Put simply, an applicant with a good credit score might get the loan at a lower interest rate compared to another with a not so good credit score. Still, following are some of the basic eligibility criteria that you will be required to fulfil in most cases to avail a personal loan of ₹10,000:


  • Age: Your age must be between 18 years and 60 years to get a personal loan. Some lenders have a higher minimum age limit of 21 years for granting personal loans.

  • Credit Score: You should have a decent credit score, above 650 to 700 at least. Most lenders will not require a very high credit score for small personal loans. Still, having a good credit profile always helps. You can get the loan at lower interest rates or with more favourable terms if your credit profile is good.

  • Income and Type of Employment: Since a personal loan is unsecured, you must have a regular source of income to be eligible for one. Most banks and NBFCs grant personal loans to both salaried as well as self-employed individuals. The minimum income requirement for a ₹10,000 personal loan is not very strict - a monthly income of ₹15,000 would do in most cases.

How to Apply for ₹10,000 Personal Loan?

You can easily apply for a personal loan of ₹10,000 at Bajaj Markets. All you need to do is follow the below-mentioned steps:


  • Step 1: Visit the ‘Personal Loans’ page from the Bajaj Markets website homepage.

  • Step 2: Click on ‘Apply Now’. A new page will open with a form which you need to fill.

  • Step 3: Enter some basic details like your income, type of employment, and contact number.

  • Step 4: Compare the loan offers from the various partner lenders and pick the one that suits you best.

Small personal loans are usually processed faster than personal loans of large amounts. Many lenders, especially the new-age NBFCs, disburse small personal loans in less than ten minutes.

Documents Required for ₹10,000 Personal Loan

Just as with any other loan, banks/NBFCs require you to furnish a certain set of documents before your application for the ₹10,000 personal loan is approved. Here is a handy list of documents that you need to submit while applying for a personal loan of ₹10,000:


  • Identity Proof: Aadhaar card, Voter’s ID, PAN, passport etc.

  • Address Proof: Aadhaar card, driving licence, Voter’s ID, passport, utility bills, rent agreement, etc.

Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income return certificate or latest Form 16.

FAQs on ₹10,000 Personal Loan

Although it is always advisable to maintain a good credit score (upwards of 750), most lenders do not require a very high credit score for small personal loans such as a personal loan of ₹10,000. A credit score of 650 would be sufficient for a ₹10,000 personal loan in most cases, provided you fulfil the other eligibility conditions.

Yes, most banks and NBFCs grant small personal loans. You can easily get a personal loan of ₹10,000 by applying online at Bajaj Markets. We ask for minimal documentation and have among the fastest processing times.

Many lenders, particularly the new-age NBFCs, approve small personal loans almost immediately with minimal documentation. You can avail a personal loan immediately if you apply online at Bajaj Markets.

Yes. While a salary of ₹10,000 is a bit on the lower side, getting approval for a ₹10,000 personal loan from NBFCs should not be a problem if you meet the other eligibility criteria.

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