BAJAJ FINSERV DIRECT LIMITED

₹2,000 Instant Personal Loan

Do you need ₹2,000 urgently? You can get a personal loan of ₹2,000 on Bajaj Markets to manage your expenses with ease. Choose offers from multiple lenders and apply with minimal documentation.

Your Personal Loan EMI
₹ 682
Total Interest Amount

₹ 47

Principal Amount

₹ 2,000

Total Payable Amount

₹ 2,047

Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

You can also make instant comparisons between loan offers from multiple personal loan providers on Bajaj Markets.

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If you want to apply for a ₹2,000 personal loan, Bajaj Markets has two loan providers. Compare their interest rates and apply to get an instant approval.

Also, understanding your repayment obligations is important, so consider this:

Selecting a ₹2,000 loan with a 3-month tenure at an annual interest rate of 18% results in an approximate EMI of ₹2060. With tenure of 12 months, the EMI amount becomes ₹183.

Compare ₹2000 Personal Loan Interest Rates

Check the details of ₹2,000 personal loan from leading NBFCs on Bajaj Markets:

Available Offerings

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fee

Olyv Personal Loan

₹1 Lakh

18% p.a.

12 months 

2% to 12% of the loan amount

mPokket Personal Loan

₹45,000

24% p.a.

90 days

₹50 to ₹200 + 18% GST (maximum APR of 48%)

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

How to Calculate Your Personal Loan EMI

Here is how you can manually calculate your ₹2,000 instant loan EMI:

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

Here:

  • P = Loan amount

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

  • N = Loan tenure in months

Consider the following example. 

Assume you are applying for a personal loan for ₹2,000 with an interest rate of 18% per annum for 9 months. The EMI will be ₹240. The total interest paid will amount to ₹152, and the total repayment amount will be ₹2,152.

₹2,000 Personal Loan EMI for Different Tenures

The tenure you choose will significantly impact your EMI amount and total repayment cost. To illustrate this, consider an example. Suppose you take a loan of ₹2,000 at an interest rate of 18% per annum. 

Based on the selected tenure, the instalment amount will be as shown in the table below:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

₹2,000 Loan for 3 Months

₹686

₹60

₹2,060

₹2,000 Loan for 6 Months

₹353

₹106

₹2,106

₹2,000 Loan for 9 Months

₹240

₹152

₹2,152

Disclaimer:Note that these are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

Eligibility & Documents for a Personal Loan of ₹2,000

To be eligible for a personal loan of ₹2,000, you are required to meet the following criteria:

  1. You must be at least 18 years of age

  2. You should be either a salaried individual or self-employed

  3. You must have a stable source of income

  4. You should possess a minimum of one year of work experience

  5. An ideal CIBIL score for ₹2,000 personal loan is usually 650 or above. If you're unsure of your recent score, you can check your CIBIL score online within minutes.  

Alongside this, keep the following documents handy for a smooth loan application process:

Income Proof (Any one of the following):

Address Proof (Any one of the following):

Identity Proof (Any one of the following):

Bank statements

Aadhaar card

Aadhaar card

Salary slips for the last 3 months

Voter ID

Voter ID

Passport

PAN card

 

Utility bills

Driving licence

 

Driving licence

Passport

 

Can You Get a Personal Loan Without Income Proof?

Yes, you can get a personal loan without income proof.

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Apply with a co-applicant, offer collateral, or submit alternative income proof like ITR or bank statements.

How to Apply for a ₹2,000 Personal Loan on Bajaj Markets

Apply for ₹2,000 personal loan on Bajaj Markets by following the steps:

1. Start your online loan application by clicking on Apply Now.

2. Pick your profession from the dropdown menu.

3. Enter your residential pin code and mobile number.

4. Tick the boxes to agree to the terms and conditions, and select ‘Proceed’.

5. Next, you have to provide your personal information, such as:

  • Name as per PAN card
  • PAN

  • Email ID

  • Date of birth

  • Gender   

6. Enter your employment details on the same screen, including: 

  • Employer/company name

  • Employer category

  • Net monthly salary

  • Salary credit mode (Cash or Bank)

7. Check all the details entered and click on ‘Submit’.

8. Various loan offers will be presented to you as per your eligibility.

9. You can choose a suitable option and select the loan tenure you prefer.

10. Finally, you’ll be redirected to the loan provider’s website for following steps such as KYC, e-mandate, and loan disbursal.

₹2,000 Personal Loan Monthly Payment Plan

A ₹2,000 loan at a 18% interest rate for 6 months comes with the following amortisation breakdown:

Month

Payable Amount

Principal

Interest

Balance

Month 1

₹353

₹323

₹30

₹1,677

Month 2

₹353

₹328

₹25

₹1,349

Month 3

₹353

₹333

₹20

₹1,016

Month 4

₹353

₹338

₹15

₹678

Month 5

₹353

₹343

₹10

₹335

Month 6

₹353

₹348

₹5

₹0

Disclaimer:These are approximate values and are meant for illustration only. For actual EMI values, reach out to the lender.

Disclaimer

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

Frequently Asked Questions

2000 Personal Loan

Can You Get a ₹2,000 Personal Loan With a Low CIBIL Score

You can easily obtain a ₹2,000 personal loan even with a low CIBIL score through NBFCs and digital lenders, who focus on income, employment, and co-applicants, though interest rates may be higher.

The monthly payment on your loan amount generally varies depending on your loan provider, interest rate and other factors.

Applying for a personal loan of ₹2,000 is simple and takes very little time. You just need to submit a few documents to get started on your personal loan application.

A CIBIL score or credit score is a key requirement in the loan application process. It reflects how you manage your finances. Without a CIBIL score, obtaining a loan can be challenging. However, applying with a guarantor or a co-applicant can improve the likelihood of approval.

Getting a personal loan of ₹2,000 on Bajaj Markets is very easy and requires only a few documents for identity proof, address proof and income proof.

Bajaj Markets offers instant loan disbursal. However, the time will vary based on the documents and information you provided in the application.

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