A ₹11,000 personal loan provides quick funding during urgent financial needs. You can use this loan amount to manage emergencies such as education-related expenses, a portion of your vacation budget, or car repair costs.

This personal loan comes with flexible tenure, minimal documentation, and prompt access. Choose a monthly instalment plan that fits your budget and repay it as per the selected tenure.

Bajaj Markets provides access to a wide range of lending partners. Compare multiple personal loan offers on the platform and select the one that best fits your financial requirements:

Your EMI depends on the repayment tenure you choose. The table below presents how your EMI changes for a ₹11,000 loan at a 10% interest rate across different tenures. This helps you plan your repayments effectively:

Refer to the table below to know the fees and charges that various lenders apply to personal loans: 

Using an online calculator, you can easily calculate your personal loan EMIs. The free tool provides accurate results within seconds using a few basic inputs. However, the following formula helps you calculate your EMIs manually:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

• P = Principal loan amount

• R = Monthly interest rate (Annual interest rate / 12 / 100)

• N = Loan tenure in months

For example, you take a personal loan of ₹11,000 at an interest rate of 12.00% per annum for 24 months. Your ₹10,000 loan EMI amount will be ₹518, and the total interest payable is ₹1,427. Therefore, the total amount you have to repay will be ₹12,427.

The basic eligibility criteria for a ₹11,000 personal loan are mentioned below:

• Minimum age of 18 years

• A CIBIL score of 650 or higher is preferred

• Employment status (whether salaried or self-employed individual)

• Minimum work experience of 1 year

You will also need to submit a set of documents at the time of application. Ensure you keep these documents accessible beforehand:

Use the following steps as a guide to apply for a ₹11,000 loan online:

1. Go to the Bajaj Markets personal loan page

2. Click on the ‘Check Offers’ option

3. Fill in your details and attach the documents

4. Enter the loan amount and preferred repayment tenure 

5. Submit the form for verification

After this wait for the customer representatives for further verification (if needed) and approval process.

Here is the amortisation breakdown for your ₹11,000 loan at an interest rate of 12% for 6 months:

Your CIBIL score, ranging from 300 to 900, reflects your creditworthiness. Here is how personal loans impact your CIBIL score and overall credit profile:

• Pre-approval Impact

When you apply for a personal loan, the lender conducts a hard inquiry to review your credit report. Your CIBIL score may drop as a result, but the effect is usually temporary.

• Post-repayment Impact

Timely repayment of loans indicates that you are a responsible borrower and increases your credit score as a result. Lenders gain confidence that you can manage debt efficiently, so approving your loan on favourable terms does not pose a risk. 

You can use a ₹11,000 personal loan for several practical needs. While the amount may not cover large expenses, it can still support essential short-term requirements. Common uses include:

• Wedding-related Costs

Manage small but important wedding expenses such as booking a photographer, paying for transport, or finalising décor items.

• Basic Home Repairs

Fix minor issues at home like repairing a leaking tap, replacing damaged fittings, or repainting a small area.

• Education Essentials

Pay for application fees, purchase study materials, or enrol in short-term online courses that support your academic progress.

• Medical Consultations

Use the loan to cover consultation fees, and basic medical tests, or buy necessary medicines during health check-ups or minor treatments.

Reference of all T&Cs necessarily refers to the terms of the Partners as regards pre-approved offers and loan processing time, amongst other conditions.