₹2,000 Instant Personal Loan

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.

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

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 personal loan 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.

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:

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:

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.

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

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.