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

Need a ₹5000 loan urgently? A ₹5000 personal loan is one of the best solutions to acquire funds for a short-term period. From an emergency to planning a holiday for the family, a personal loan is very versatile and can be very helpful for immediate financial requirements. Read to know how to get an urgent ₹5000 personal loan online.

Calculate EMI for ₹5000 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

Interest Rates on a ₹5000 Personal Loan

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

6 years

₹35 Lakhs

11% p.a.

4.7
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CASHe

1 year

₹4 Lakhs

27% p.a.

4.4
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Fibe

3 years

₹5 Lakhs

14% p.a.

4
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Finnable

5 years

₹10 Lakhs

15.95% p.a.

4
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IIFL Finance

3.5 years

₹5 Lakhs

18% p.a.

4.1
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InCred

6 years

₹10 Lakhs

16% p.a.

4.3
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KreditBee

2 years

₹4 Lakhs

18% p.a.

4.1
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Kotak Mahindra Bank

5 years

₹25 Lakhs

10.99% p.a.

4.2
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L&T Finance

4 years

₹15 Lakhs

11% p.a.

4.6
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moneyview

5 years

₹5 Lakhs

16% p.a.

4.2
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mPokket

120 days

₹45,000

24% p.a.

4.1
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Muthoot Finance

5 years

₹15 Lakhs

14.50% p.a.

4
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PaySense Partners

5 years

₹5 Lakhs

15% p.a.

4.3
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Privo

5 years

₹5 Lakhs

9.99% p.a.

4.5
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Olyv

12 months

₹5 Lakhs

1.5% p.m.

4.1
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SMFG India Credit

5 years

₹25 Lakhs

12% p.a.

4.2
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Upwards

3 years

₹5 Lakhs

1.5% p.m.

4.3
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YES BANK

6 years

₹50 Lakhs

10.99% p.a.

4.2
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Zype

1 Year

₹5 Lakhs

18% p.a.

4
View More

*Interest rates mentioned in the above table can vary from one lending partner to the other and are subject to change.

Eligibility Criteria for ₹5000 Personal Loan

If you are applying for a ₹5000 personal loan, then take a look at the eligibility criteria before you start to fill out the application: 

Criterion

Particulars

Nationality

Indian

Age

21 years and above

Nature of Employment

Self-employed or salaried individual

Monthly Income

Rs. 15,000 and above

Minimum Work Experience

2-3 years

Credit Score

600 or higher

NTC score (For applicants new to credit scoring)

150 and above

Documents Required to avail ₹5000 Personal Loan

If you are a new customer on the lending platform, then along with filling out the application form, you will also need to keep a few documents handy. These documents help complete your verification and prepare the offer for a ₹5000 loan.

  • Proof of identity like PAN card, Aadhaar card etc.

  • Address proof like Passport, Electricity bill, Ration card etc.

  • Salary slips of the last 3 months (for salaried individuals)

  • Bank account statement of the last 6 months

  • 2 passport-sized photographs of the applicant

How to Apply for ₹5000 Personal Loan?

Applying for a ₹5000 personal loan is an extremely simple and quick process. Read on below to learn how to get a ₹5000 instant loan.

  • Click on ‘Apply Online’ to open the application form
  • Here you will be asked for your mobile number verification. Once you enter your 10-digit mobile number, you’ll receive an OTP on that number. Enter the OTP to proceed.
  • Now, fill in your basic information in the application form. If you are an existing customer, your form would be pre-filled.
  • Enter the personal loan amount that you wish to borrow and submit the application.

 

After this, a representative from the respective bank or lending institute will reach out to you to take your application ahead and guide you through the process.  If you are a pre-approved customer, then there is no need to fill out the personal loan application, and you can, in fact, get the ₹5000 loan amount transferred almost instantly.

Frequently Asked Questions

How can I get a ₹5000 personal loan without documents?

It is important to have all the documents in place in order to apply for a personal loan.

How much credit score do I need for a ₹5000 instant loan?

For a ₹5000 instant personal loan, you need to have a credit score that is at least 650 or higher.

Can I get a personal loan if my salary is ₹5000?

A loan applicant must earn a minimum of ₹15000 or more every month to be applicable according to the personal loan eligibility criteria.

Can I get a ₹5000 loan without collateral?

Yes, you can easily get a ₹5000 personal loan without any collateral.

Which is the best bank for a ₹5000 personal loan?

Different lenders offer different interest rates, repayment tenure, loan features, etc., and it is best to approach multiple lenders and do your due diligence to understand which lender would meet your needs the best.

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