A personal loan is the easiest and most convenient option to get instant monetary help in emergencies and unfavourable situations or to fulfil your lifestyle needs without disturbing your savings. The introduction of digitization in the Banking and Finance sector has further eased the availability of loans. With online lenders, you can now avail of a personal loan almost instantly and take care of your financial needs. If you choose to apply for a personal loan at Bajaj Markets, you get numerous benefits such as flexible repayment tenure, affordable rates of interest and many add-on benefits.
There can be many reasons you might want to apply for a personal loan of ₹ 30,000. Whether you want instant cash to purchase a new smartphone or there is an urgent need for funds due to a medical emergency, you can always avail a personal loan of ₹30,000 at Bajaj Markets. Some of the common purposes one might want to apply for a personal loan of ₹30,000 are:
To arrange funds for wedding expenses
For festival celebrations
For home renovation
For shopping
For medical emergencies
You can avail a personal loan of ₹30,000 at Bajaj Markets from our various partner lenders at affordable interest rates. The following table illustrates the rates of interest levied by our different lending partners
Lending Partner Name |
Interest Rate Range |
Avail Laon |
30% p.a. Onwards |
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14% p.a. Onwards |
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15.95% p.a. Onwards |
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18% p.a. Onwards |
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21% p.a. Onwards |
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15% p.a. Onwards |
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10.99% p.a. Onwards |
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11% p.a. Onwards |
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16% p.a. Onwards |
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24% p.a. Onwards |
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14.50% p.a. Onwards |
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14% p.a. Onwards |
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9.99% p.a. Onwards |
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2% p.m. Onwards |
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12% p.a. Onwards |
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1.5% p.m. Onwards |
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10.99% 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.
While eligibility criteria are different for every lender, some of the general eligibility conditions that you will need to fulfil for most personal loans are as under:
You must be an Indian citizen
You must have a regular source of income as a salaried employee or a self-employed individual
You must be a legal adult, i.e. be at least 18 years of age. Some lenders may have a higher minimum age limit, i.e. 21 or 25 years. There is also an upper age limit to be eligible for a personal loan, which is usually between 58 and 65 years
Applying for a personal loan of ₹30,000 via Bajaj Markets is an easy and hassle-free process. All you must do is follow the steps mentioned below:
Step 1: Visit the Personal Loans page on the Bajaj Markets website.
Step 2: Click on “Apply Now”. A new page will open with a form in which you need to fill in a few details.
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 the best.
Also Check Other Instant Personal Loan Options |
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You will need to furnish the following documents while applying for a personal loan:
Identity Proof: Voter’s ID, Aadhaar card, PAN card, 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 IT returns certificate or latest Form 16
You can avail an instant personal loan of ₹30,000 at Bajaj Markets from any of our partner lenders at competitive interest rates and flexible repayment tenure. Just follow the steps discussed above to apply for a ₹30,000 personal loan at Bajaj Markets.
The EMI that you will be paying to the bank/NBFC for your ₹30,000 personal loan depends upon the applicable rate of interest and the tenure of the loan. You can use the following formula to calculate the EMI for your ₹30,000 personal loan:
E = P x R x (1+R)^N/ ((1+R)^N-1), where:
E stands for monthly instalments
P is the amount that you want to borrow.
R is the rate of interest
N is the loan tenure in months.
The interest rate levied on your ₹30,000 personal loan can be anywhere between 10% p.a. and 15% p.a. The rate of interest varies from lender to lender and is determined based on your credit score and monthly income.
Yes, personal loans are unsecured loans and are granted without any collateral or security. You can easily avail a personal loan of ₹30,000 at Bajaj Markets without pledging any collateral.
You can apply for a personal loan of ₹30,000 at Bajaj Markets with any of our lending partners. Compare the interest rates and other charges levied by the various lenders and choose the one that is offering you the best deal. You should also compare the repayment schedule of different lenders and take a call accordingly.
In case you default on your ₹30,000 personal loan, you will not only have to pay late payment charges but your credit score will also take a toll.