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BAJAJ FINSERV DIRECT LIMITED

60,000 Instant Personal Loan

You can easily get a personal loan of ₹60,000 through Bajaj Markets via a simple online application process. The interest charged on the loan starts from just 10% p.a. Choose from multiple lenders, enjoy quick approval and benefit from zero hidden charges.

Your Personal Loan EMI

₹ 1,112

Total Interest Amount

₹ 20,032

Principal Amount

₹ 60,000

Total Payable Amount

₹ 80,032

Loan Amount

Interest Rate

- +

Tenure

- +

Instant Approval

Make instant comparisons between loan offers from multiple personal loan providers on Bajaj Markets.

Overview

A personal loan of ₹60,000 can serve as an ideal solution for individuals seeking instant financial support without using their savings. Whether the requirement is for a medical emergency, travel plan, or any unexpected cost, this loan offers the liquidity required.

For example, a ₹60,000 loan with a 2-year tenure at 10% per annum interest would have an EMI of approximately ₹2,768, with total interest of around ₹6,448. Choosing a 4-year tenure reduces the EMI to about ₹1,521 but increases total interest to approximately ₹12,980.

With fast approval, minimal documentation, and fixed EMIs, this personal loan ensures timely access to funds and a structured repayment experience.

Compare ₹60,000 Personal Loan Interest Rates by Various Banks & NBFCs

Available Offerings	Max. Loan Amount	Max. Tenure	Min. Interest Rate	Processing Fee
Bajaj Finance Limited	₹55 Lakhs	96 months	10% p.a.	Up to 3.93% of the loan amount
CASHe (Bhanix Finance) Personal Loan	₹3 Lakhs	18 months	2.79% p.m.	Up to 5.5% of the loan amount
Kotak Mahindra Bank Personal Loan	₹40 Lakhs	72 months	10.99% p.a.	Up to 1.50% of the loan amount
Federal Bank Personal Loan	₹5 Lakhs	48 months	12.75% p.a.	0.70% to 2.80% of the loan amount
L&T Finance Personal Loan	₹15 Lakhs	48 months	12% p.a.	Up to 3% of the loan amount
SMFG India Credit Personal Loan	₹25 Lakhs	60 months	12% p.a.	Up to 6% of the loan amount
Kissht Personal Loan	₹4 Lakhs	24 months	14% p.a.	3% to 5% of the loan amount
Fibe Personal Loan	₹5 Lakhs	36 months	14% p.a.	Up to 2% of the loan amount
KreditBee Personal Loan	₹5 Lakhs	24 months	14% p.a.	Up to 3% of the loan amount
PaySense Personal Loan	₹5 Lakhs	60 months	14% p.a.	2% to 2.5% of the loan amount
Muthoot Finance Personal Loan	₹10 Lakhs	60 months	14.50% p.a.	2% to 4% of the loan amount
Finnable Personal Loan	₹10 Lakhs	60 months	15.95% p.a.	Up to 3% of the loan amount
InCred Personal Loan	₹10 Lakhs	60 months	16% p.a.	2% to 5% of the loan amount
Moneyview Personal Loan	₹10 Lakhs	60 months	16% p.a.	Starts from 2% of the loan amount
Upwards Personal Loan	₹5 Lakhs	36 months	18% p.a.	Up to 4% of the loan amount
Freo Personal Loan	₹5 Lakhs	36 months	18% p.a.	5% to 10% of the loan amount
Olyv Personal Loan	₹1 Lakh	12 months	18% p.a.	2% to 12% of the loan amount
Zype Personal Loan	₹5 Lakhs	12 months	18% p.a.	2% to 6% of the loan amount

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

₹60,000 Personal Loan EMI for Different Tenures

The following example will help you understand how tenure affects your loan EMI. Suppose you take a loan of ₹60,000 at an interest rate of 10% per annum. Depending on the selected tenure, the instalment amount will be as shown in the table below:

Tenure	EMI Amount	Interest Rate	Total Interest Payable	Total Repayment Cost
₹60,000 Loan for 1 Year	₹5,275	10% p.a.	₹3,299	₹63,299
₹60,000 Loan for 3 Years	₹1,936	10% p.a.	₹9,697	₹69,697
₹60,000 Loan for 5 Years	₹1,275	10% p.a.	₹16,489	₹76,489
₹60,000 Loan for 8 Years	₹910	10% p.a.	₹27,403	₹87,403

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

₹60,000 Personal Loan: Fees and Charges

Some lenders may charge a processing fee for the loan. Additionally, if you choose to close the loan early or make partial payments, you may incur a penalty fee. Find the details below:

Fees and Charges	Details
Processing Fees	Up to 12% of the loan amount
Foreclosure Charges	Up to 7% of the amount
Part-payment Charges	Up to 4.72% of the amount

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

How to Calculate Your Personal Loan EMI

You can manually calculate your ₹60,000 instant loan EMI using a simple formula. Here is how:

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 this example:

Assuming you are applying for a personal loan of ₹60,000 at an interest rate of 10% per annum for 40 months, the EMI will be ₹1,770. The total interest payable will be ₹10,802, bringing the total repayment amount to ₹70,802.

Eligibility and Documents Required for a Personal Loan of ₹60,000

If you are planning to take a personal loan of ₹60,000, here are the eligibility requirements you will need to meet:

You must be an Indian citizen
Both salaried and self-employed individuals can apply
The minimum age requirement is 18 years
You should have a monthly income of at least ₹10,000
A minimum of 1 year of continuous work experience is preferred
Maintain a healthy CIBIL score for ₹60,000 personal loan of at least 650, and regularly check your CIBIL score online to stay credit-ready

To apply for a personal loan of ₹60,000, you will need to provide the following documents:

Identity Proof (Any one of the following)	Address Proof (Any one of the following)	Income Proof (Any one of the following)
PAN Card	Aadhaar Card	Recent bank statements
Aadhaar Card	Voter ID	Salary slips for the last 3 months
Voter ID	Passport
Passport	Driving Licence
Driving Licence	Electricity Bill
	Telephone Bill

How to Apply for a Personal Loan of ₹60,000

Here are the simple steps to quickly apply online for a ₹60,000 personal loan via Bajaj Markets:

Visit the personal loan application page on Bajaj Markets
Choose your profession from the dropdown list provided
Enter your mobile number and residential PIN code accurately
Review and accept the terms and conditions carefully
Click ‘Proceed’ to continue your loan application
Fill in your personal and employment details, including PAN, full name, date of birth, monthly salary, employer details, email, and salary payment mode
Submit your information to view instant personalised loan offers
Choose your preferred offer, enter the repayment tenure, and submit the application

A representative will soon reach out to help you complete the process smoothly.

₹60,000 Personal Loan Monthly Payment Plan

A ₹60,000 loan at a 10% interest rate for 6 months includes the following amortisation breakdown:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹10,294	₹9,794	₹500	₹50,206
Month 2	₹10,294	₹9,875	₹418	₹40,331
Month 3	₹10,294	₹9,958	₹336	₹30,373
Month 4	₹10,294	₹10,041	₹253	₹20,333
Month 5	₹10,294	₹10,124	₹169	₹10,209
Month 6	₹10,294	₹10,209	₹85	₹0

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

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

A ₹60,000 personal loan can have either a positive or negative impact on your CIBIL score and financial profile. Here is how:

Pre-approval Impact

When you apply for a personal loan, the lender reviews your credit report through a hard inquiry. This may result in a temporary decrease in your CIBIL score. The extent of the impact depends on your credit history and recent inquiries.

Post-repayment impact

Timely repayments contribute to an improved CIBIL score, demonstrating responsible credit behaviour. A strong repayment history enhances eligibility for future loans with favourable terms.

Can you get a ₹60,000 personal loan with a low CIBIL Score

Yes, many NBFCs and digital lending platforms provide personal loans of ₹60,000, even if you have a low CIBIL score. Traditional banks may reject applicants with poor credit history, but alternative lenders often evaluate other factors like income stability, employment type, or a co-applicant’s profile.

You might be offered a higher interest rate or be asked for additional documents, but approval is still possible. Opting for a moderate loan amount, such as ₹60,000, can improve your chances of getting approved.

Uses of a ₹60,000 Personal Loan

An instant loan of ₹60,000 can help you cover various urgent and planned personal expenses. Here is how you can use it:

Sudden Trips

Urgent travel plans often require immediate funds. A ₹60,000 loan can help you manage travel expenses, including tickets, hotel bookings, and other essentials.

Home Remodelling

Home renovation projects can exceed budgets. The loan provides the extra financial support needed to complete the project without disruption.

Medical Emergencies

Medical emergencies can result in unexpected costs that insurance may not fully cover. A personal loan can help manage these high expenses and provide financial relief during urgent treatments and procedures.

Wedding Expenses

Weddings involve significant costs, and additional expenses can arise unexpectedly. A ₹60,000 personal loan helps cover unplanned costs during the ceremony.

Moving to a New Place

Relocation often involves urgent expenses. A personal loan can assist with shifting costs, rent deposits, and other relocation-related expenses, ensuring a smooth transition.

Other Instant Personal Loan Options

1,000 Personal Loan	2,000 Personal Loan	3,000 Personal Loan
5,000 Personal Loan	10,000 Personal Loan	15,000 Personal Loan
20,000 Personal Loan	25,000 Personal Loan	30,000 Personal Loan
35,000 Personal Loan	40,000 Personal Loan	45,000 Personal Loan
50,000 Personal Loan	55,000 Personal Loan	65,000 Personal Loan
70,000 Personal Loan	75,000 Personal Loan	80,000 Personal Loan
85,000 Personal Loan	90,000 Personal Loan	95,000 Personal Loan
1 Lakh Personal Loan	2 Lakh Personal Loan

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

60000 Rupees Personal Loan

How can I get a ₹60,000 instant personal loan?

Follow these easy steps to apply for a ₹60,000 personal loan on Bajaj Markets:

Select a lending partner that matches your loan preferences
Enter your details and check your eligibility
Fill out the application form with your personal and loan-related information
Upload the required documents for verification
Get loan approval and receive the funds directly in your bank account within a few days

What is the monthly EMI for a ₹60,000 personal loan?

The lender calculates the monthly EMI for a ₹60,000 personal loan based on the offered interest rate and the repayment tenure chosen by the borrower. At an interest rate of 10% p.a. for the loan amount, the EMI will be:

₹5,275 for 1 year
₹1,936 for 3 years
₹1,275 for 5 years
₹910 for 8 years

What is the interest rate levied on a ₹60,000 personal loan?

Ideally, the interest rate for a personal loan with most financial institutions starts from 10% p.a. However, these rates are subject to the policies of your chosen lender.

Can I get a ₹60,000 loan without collateral?

Yes, personal loans are generally unsecured loans. It means you do not need to put up any collateral to get the loan.

Which is the best lender for a ₹60,000 personal loan?

Some prominent lenders who offer a personal loan of ₹60,000 on Bajaj Markets include Muthoot Finance, Kotak Mahindra Bank, Federal Bank, and L&T Finance, among others. Lenders would offer competitive interest rates and different repayment tenures as per their terms.

Hence, it is best to do your due diligence. Approach multiple lenders for a ₹60,000 personal loan quotation and know which lender meets your needs the best.

What will happen if I default on the ₹60,000 personal loan?

For any foreseeable reason, if the borrower defaults on their ₹60,000 personal loan, then the bank will issue a notice. This notice closes as soon as the loan defaulter pays the pending dues.

If the loan is not repaid within the notice period, then the lender can take legal action against the borrower as well.

Can I obtain a ₹60,000 loan without documents?

You’ll need to submit some basic documents to apply for a ₹60,000 personal loan on Bajaj Markets. These include:

PAN Card
Aadhaar Card, Voter ID, or Passport
Bank statements or salary slips for the last 3 months

Can I get a ₹60,000 loan on an Aadhaar card or PAN card?

You can get a ₹60,000 loan using an Aadhaar card or PAN card along with other documents. The lender's specific requirements will ultimately determine the approval.aYou can get a ₹60,000 loan using an Aadhaar card or PAN card along with other documents. The lender's specific requirements will ultimately determine the approval.

Is it possible to get a ₹60,000 loan?

Yes, it is possible to get a ₹60,000 loan through various lenders on Bajaj Markets, depending on your eligibility.

Is it easy to get a ₹60,000 loan?

It can be easy to get a ₹60,000 loan if you meet the eligibility criteria set by the lender, such as a stable income and a good credit score.

Is ₹60,000 a good amount?

₹60,000 can be a suitable loan amount depending on your financial needs and repayment capacity. You can use this loan for medical emergencies, home repair, Tuition fees, travel, etc.

What is the monthly EMI for a ₹60,000 loan?

The monthly EMI for a ₹60,000 personal loan varies based on the chosen interest rate and repayment period. For example, at 12% interest for 2 years, your EMI would be approximately ₹2,819.

How to get ₹60,000 urgently?

To urgently secure ₹60,000, apply online for an instant personal loan through trusted platforms like Bajaj Markets. Meeting eligibility criteria and providing accurate documentation ensures quick approval and funds disbursal within 24 hours.

How much does a ₹60,000 loan cost per month?

Your monthly cost (EMI) for a ₹60,000 personal loan depends on the selected interest rate and loan tenure. At 12% annual interest over 36 months, your monthly EMI would be around ₹1,993.

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60,000 Instant Personal Loan

₹ 1,112

₹ 20,032

₹ 60,000

₹ 80,032

Overview

Compare ₹60,000 Personal Loan Interest Rates by Various Banks & NBFCs

₹60,000 Personal Loan EMI for Different Tenures

₹60,000 Personal Loan: Fees and Charges

How to Calculate Your Personal Loan EMI

Eligibility and Documents Required for a Personal Loan of ₹60,000

How to Apply for a Personal Loan of ₹60,000

₹60,000 Personal Loan Monthly Payment Plan

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

Pre-approval Impact

Post-repayment impact

Can you get a ₹60,000 personal loan with a low CIBIL Score

Uses of a ₹60,000 Personal Loan

Sudden Trips

Home Remodelling

Medical Emergencies

Wedding Expenses

Moving to a New Place

Other Instant Personal Loan Options

Disclaimer

Frequently Asked Questions

How can I get a ₹60,000 instant personal loan?

What is the monthly EMI for a ₹60,000 personal loan?

What is the interest rate levied on a ₹60,000 personal loan?

Can I get a ₹60,000 loan without collateral?

Which is the best lender for a ₹60,000 personal loan?

What will happen if I default on the ₹60,000 personal loan?

Can I obtain a ₹60,000 loan without documents?

Can I get a ₹60,000 loan on an Aadhaar card or PAN card?

Is it possible to get a ₹60,000 loan?

Is it easy to get a ₹60,000 loan?

Is ₹60,000 a good amount?

What is the monthly EMI for a ₹60,000 loan?

How to get ₹60,000 urgently?

How much does a ₹60,000 loan cost per month?

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