Need 2 Lakh Rupees Urgently? You can consider applying for a personal loan of Rs. 2 Lakh at Bajaj Markets. Simple eligibility criteria, collateral-free financing, affordable personal loan EMI, and flexible repayment tenure are some of the major advantages of using a personal loan at Bajaj Markets.
Suppose you are looking to apply for a personal loan of ₹ 2 Lakhs. In that case, you can use it for managing medical expenses, travel expenses, debt consolidation, purchasing a bike, paying for some educational courses, etc.
Year | Principal | Interest | Balance |
---|
Our Partners
|
Maximum Loan Tenure
|
Maximum Loan Amount
|
Minimum Interest Rate
|
|
---|---|---|---|---|
Bajaj Finance Limited |
6 years |
₹35 Lakhs |
12% p.a. |
|
CASHe |
1 year |
₹4 Lakhs |
27% p.a. |
|
Fibe |
3 years |
₹5 Lakhs |
14% p.a. |
|
Finnable |
5 years |
₹10 Lakhs |
15.95% p.a. |
|
IIFL Finance |
3.5 years |
₹5 Lakhs |
18% p.a. |
|
InCred |
6 years |
₹10 Lakhs |
16% p.a. |
|
KreditBee |
2 years |
₹4 Lakhs |
18% p.a. |
|
Kotak Mahindra Bank |
5 years |
₹25 Lakhs |
10.99% p.a. |
|
L&T Finance |
4 years |
₹15 Lakhs |
11% p.a. |
|
moneyview |
5 years |
₹5 Lakhs |
16% p.a. |
|
Muthoot Finance |
5 years |
₹15 Lakhs |
14.50% p.a. |
|
PaySense Partners |
5 years |
₹5 Lakhs |
15% p.a. |
|
Privo |
5 years |
₹5 Lakhs |
9.99% p.a. |
|
Olyv |
12 months |
₹5 Lakhs |
1.5% p.m. |
|
SMFG India Credit |
5 years |
₹25 Lakhs |
12% p.a. |
|
Upwards |
3 years |
₹5 Lakhs |
1.5% p.m. |
|
YES BANK |
6 years |
₹50 Lakhs |
10.99% p.a. |
|
Zype |
1 Year |
₹5 Lakhs |
18% p.a. |
|
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.
The basic eligibility criteria required to avail of a personal loan at Bajaj Markets are as under:
You must be an Indian Citizen.
You must be a salaried individual employed in the public sector, a private limited company, or an MNC.
You must be between 23 - 58 years of age.
It is to be noted that lenders usually check your credit score before approving the loan application. Therefore, you should make efforts to improve your credit score before applying for a personal loan. Having a credit score of 750 or above can help you avail of the loan at a highly competitive interest rate. Moreover, if you have a credit score of 750 or above, you can negotiate with the lender to avail favourable terms on your personal loan.
Let us have a look at the documents required to avail a personal loan at Bajaj Markets:
Address proof such as Passport, PAN card, Aadhar card, Voter’s ID card, and Driving License
Identity proof like PAN Card
Make sure that you have all these documents readily available with you before you begin the personal loan application process. This will help you avoid any inconvenience at a later stage.
Applying for a personal loan via Bajaj Markets is a simple and hassle-free process. You can follow the steps mentioned below to apply for a personal loan through Bajaj Markets:
Step 1: Visit the official Bajaj Markets website.
Step 2: Fill out the online application form by providing your accurate personal, financial, and employment details.
Step 3: Mention the loan amount and repayment tenure you wish to settle for.
Step 4: Once you’ve filled in the necessary details, a representative will get in touch with you to collect the required documents.
Step 5: The lender will review the application and verify your documents. Once everything is found to be satisfactory, you will receive the money in your bank account within 24 hours of loan approval.
Also Check Other Instant Personal Loan Options |
|
The interest rate on personal loans is different for different lenders and depends upon a number of factors such as your credit score, income and tenure of the loan. The interest rate can be as low as just 8% p.a. and can go up to 35% p.a. depending upon the aforementioned factors.
Although, as mentioned earlier, the interest rates on personal loans vary from lender to lender, you can expect competitive interest rates (anywhere around 10%-12%) from large private sector banks such as HDFC, ICICI and Kotak.
Yes, many lenders would be willing to offer you a personal loan of ₹ 2 Lakhs without any income proof, provided you have at least a decent credit history. The loan approval becomes even easier if you apply with a co-applicant.
Your loan EMI depends upon a number of factors including the loan tenure, your credit history, your income and in some cases, also the reason for applying for the loan.