BAJAJ FINSERV DIRECT LIMITED

₹6,000 Personal Loan

Apply for a ₹6,000 personal loan with minimal documentation, fast approval, and timely disbursal.

Your Personal Loan EMI
₹ 133
Total Interest Amount
₹ 2,008
Principal Amount
₹ 6,000
Total Payable Amount
₹ 8,008
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

You can easily compare personal loan offers from multiple lenders on Bajaj Markets.

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The calculator lets you check the total interest payable and the overall repayment amount so you can make smart borrowing decisions.

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Overview

If you are facing a small, urgent financial need or a sudden expense, a personal loan of ₹6,000 can be a quick and convenient solution. This unsecured loan offers competitive interest rates.

Here are examples to help you understand better:

  • If you take a ₹6,000 loan for a 5-month tenure at an interest rate of 14% p.a., your EMI would be ₹ 1,242, and the total interest payable would be around ₹ 211 over the tenure.

  • If you choose a 2-month tenure for a ₹6,000 loan at 14% p.a., your EMI would be around ₹3,037, with a total interest payout of approximately ₹74.

A personal loan of ₹6,000 offers easy access to funds with minimal documentation and flexible repayment options. You can pick a tenure that suits your budget and repay comfortably without disturbing your existing savings.

Compare ₹6,000 Personal Loan Interest Rates by Various NBFCs

Many NBFCs offer personal loans of ₹6,000 with flexible repayment tenures on Bajaj Markets. Compare interest rates, tenures, and processing fees to find one that suits your requirements.

Lenders

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fees

Freo (formerly MoneyTap)

₹5 Lakhs

12% p.a.

36 Months

1% onwards

Kissht

₹4 Lakhs

14% p.a.

24 Months

3% to 5% of the loan amount + taxes (if applicable)

PaySense Partners

₹5 Lakhs

14% p.a.

60 Months

2% - 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)

Zype

₹5 Lakhs

18% p.a.

12 Months

2% to 6% of the loan amount 

Olyv

₹1 Lakh

18% p.a.

12 Months

2% to 12% of the loan amount

mPokket

₹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.

₹6,000 Personal Loan EMI for Different Tenures

Let’s say the interest rate levied on your ₹6,000 loan is 12% p.a. Here is how the EMI amount will differ across various tenures:

Details

EMI Amount

Interest Rate

Total Interest Payable

Total Repayment Cost

₹6,000 Loan for 1 Year

₹533

12%

₹397

₹6,397

₹6,000 Loan for 2 Years

₹282

12%

₹778

₹6,778

₹6,000 Loan for 3 Years

₹199

12%

₹1,174

₹7,174

₹6,000 Loan for 4 Years

₹158

12%

₹1,584

₹7,584

₹6,000 Loan for 5 Years

₹133

12%

₹2,008

₹8,008

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

₹6,000 Personal Loan: Fees and Charges

Refer to the table below to know the fees and charges levied by various lenders:

Additional costs beyond the interest payable may apply when you secure a ₹6,000 loan on Bajaj Markets. These include:

Fees and Charges

Details

Processing Fees

Up to 12% of the loan amount

Foreclosure Charges

Up to 4% of the amount

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

How to Calculate Your Personal Loan EMI

You can either calculate your personal loan EMI using an online calculator or use the manual formula. Here is how you can calculate it manually:

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

Where:

  • P = Loan amount

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

  • N = Loan tenure in months

If you take a personal loan of ₹6,000 at an interest rate of 12% p.a. for 18 months, the monthly EMI will be ₹365. This will come with a total interest payable of ₹586, and the total payable amount will become ₹6,586.

Eligibility and Documents for a Personal Loan of ₹6,000

Before applying for a ₹6,000 personal loan, make sure you meet these basic criteria and have the necessary documents ready:

Eligibility Criteria:

  • You must be an Indian citizen
  • You should be a salaried or self-employed person
  • Your age should be 18 years or above
  • A CIBIL score of 600 or above is usually preferred

Documents Required:

Keep these documents handy:

Document Type

Accepted Documents

Identity Proof (any one)

PAN Card, Aadhaar Card, Voter ID, Passport, Driving Licence

Address Proof (any one)

Aadhaar Card, Voter ID, Passport, Driving Licence, Electricity Bill, Telephone Bill

Income Proof (any one)

Latest 3 Months' Bank Statements or Salary Slips

How to Apply for a ₹6,000 Personal Loan

Here are the steps to apply for a loan online:

  1. Tap on ‘Instant Approval’ section

  2. Fill in your basic personal and financial details in the form

  3. Enter the loan amount and choose your preferred tenure

  4. Submit the application for quick verification

Amortisation Table for a ₹6,000 Personal Loan

If you take a personal loan of ₹6,000 at an interest rate of 12% p.a. for a 6-month term, the amortisation breakdown will be as follows:

Month

Payable Amount

Principal

Interest 

Balance

Month 1

₹ 1,035

₹ 975

₹ 60

₹ 5,025

Month 2

₹ 1,035

₹ 985

₹ 50

₹ 4,040

Month 3

₹ 1,035

₹ 995

₹ 40

₹ 3,045

Month 4

₹ 1,035

₹ 1,005

₹ 30

₹ 2,040

Month 5

₹ 1,035

₹ 1,015

₹ 20

₹ 1,025

Month 6

₹ 1,035

₹ 1,025

₹ 10

₹ 0

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

Impact of Pre- and Post-Personal Loan Approval on CIBIL Score

Your CIBIL score reflects your creditworthiness and financial health. Here’s how a personal loan affects it:

Pre-approval

  • When you apply for a personal loan, the lender checks your credit report through a hard inquiry.
  • This inquiry is recorded and may slightly lower your score for a short time.

Post-approval

  • Paying your EMIs on time improves your credit score.
  • Regular, timely payments show lenders that you manage debt well, making future loan approvals easier.

Uses of a ₹6,000 Personal Loan

A ₹6,000 personal loan can be helpful in many small but important situations. Here are some common uses:

  • Emergency Medical Expenses

Health problems can arise without warning, and medical bills cannot be put off. A ₹6,000 loan can help cover the cost of doctor visits, medicines, or small treatments during such emergencies.

  • Paying Utility Bills

If you have pending electricity, water, or internet bills, this loan can help you clear them on time. It ensures your essential services continue without any interruptions or extra late charges.

  • Education Costs

Sometimes, you might need to buy books, pay tuition fees, or enrol in an online course. A ₹6,000 personal loan can help you manage these small educational expenses without disturbing your monthly budget.

  • Travel Expenses

Urgent travel for family matters, job interviews, or personal reasons can be costly. This loan can help cover travel expenses, such as tickets, fuel, or hotel charges, making it easier to travel when needed.

  • Vehicle Repairs

A sudden breakdown of your bike or car can be stressful. With a ₹6,000 loan, you can manage minor repair costs and get your vehicle back on the road without delay.

Disclaimer

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.

Frequently Asked Questions

What credit score is required for a ₹6,000 instant loan?

For a ₹6000 instant personal loan through Bajaj Markets, you need a credit score of at least 600 or above.

Yes, you can easily get a ₹6000 personal loan without any collateral on Bajaj Markets.

Several trusted NBFCs offer quick personal loans of ₹6,000 on Bajaj Markets. Some popular options include:

  • Kissht

  • Freo

  • PaySense

  • Zype

  • Olyv

  • mPokket

Apply for a personal loan of ₹6,000 on Bajaj Markets. Simply fill out the online application form and choose from multiple loan providers listed on the platform. Once your loan is approved, the amount will be quickly transferred to your bank account.

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