BAJAJ FINSERV DIRECT LIMITED

₹60,000 Personal Loan — Overview and Key Highlights

A ₹60,000 personal loan is a quick way to access funds without dipping into your savings which can be ideal for medical needs, travel, or unexpected expenses.

For instance, a ₹60,000 loan at 10% p.a. costs about ₹2,768 per month over 2 years (total interest of about ₹6,448). Choosing a 4‑year tenure lowers the EMI to roughly ₹1,521 but increases total interest to about ₹12,980. With fast approval, minimal paperwork, and affordable EMIs, this loan provides timely financial support with easy repayment.

Compare ₹60,000 Personal Loan Interest Rates

Available Offerings Max. Loan Amount Starting Interest Rate (p.a.) Max. Tenure Processing Fee

Bajaj Finance Personal Loan

₹55 Lakhs

10% p.a.

108 months

Up to 3.93% of the loan amount (Inclusive of applicable taxes)

Federal Bank Personal Loan

₹5 Lakhs

12.75% p.a.

48 months

2% to 3% of the loan amount + 18% GST

Fibe Personal Loan

₹5 Lakhs

14% p.a.

36 months

Up to 2% of the loan amount

Finnable Personal Loan

10 Lakhs

15.95% p.a.

60 months

Up to 3% of the loan amount

InCred Personal Loan

₹10 Lakhs

13.99% p.a.

60 months

2% to 5% of the sanctioned amount

Kissht Personal Loan

₹4 Lakhs

14% p.a.

24 months

3% to 5% of the loan amount

Kotak Mahindra Bank Personal Loan

40 Lakhs

10.99% p.a.

72 months

1.10% - 1.50% of the loan amount + GST

KreditBee Personal Loan

₹10 Lakhs

12% p.a.

60 months

Up to 5.1% + GST

L&T Finance Personal Loan

₹15 Lakhs

12% p.a.

48 months

Up to 3% of the loan amount + GST

Freo (formerly MoneyTap) Personal Loan

₹5 Lakhs

12% p.a.

36 months

1% onwards

moneyview Personal Loan

10 Lakhs

1.33% p.m.

60 months

Starts from 2% of the approved loan amount

mPokket Personal Loan

₹2 Lakhs

18.96% p.a.

24 months

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

Muthoot Finance Personal Loan

₹10 Lakhs

14.5% p.a.

60 months

2% to 4% of the loan amount

Olyv Personal Loan

₹1 Lakh

18% p.a.

12 months

2% to 12% of the loan amount

PaySense Personal Loan

₹5 Lakhs

14% p.a.

60 months

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

Piramal Finance Personal Loan

₹6 Lakhs

17.25% p.a.

60 months

1.50% to 4.50% of the loan amount

SMFG India Credit Personal Loan

₹25 Lakhs

12% p.a.

60 months

0% to 6% of the loan amount

Zype Personal Loan

₹5 Lakhs

18% p.a.

12 months

2% to 6% of the loan amount

Unity SFB Personal Loan

₹5 Lakhs

16% p.a.

36 months

3.00%

Ram Fincorp Personal Loan

₹1.5 Lakhs

6% p.m.

90 days

3%-10%

Prefr Personal Loan

₹5 Lakhs

17.99% p.a.

48 months

3%-5%

Poonawala Fincorp Personal Loan

₹5 Lakhs

16% p.a.

36 months

Up to 5% of the loan amount plus applicable taxes

PayU Finance Personal Loan

₹5 Lakhs

23% p.a.

36 months

2.5% to 4% of the loan amount

Branch Personal Loan

₹2 Lakhs

16% p.a.

36 months

3.50%

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

Features and Benefits of a ₹60,000 Personal Loan

Here are the features of a ₹60000 loan:

  • Fast Approval

Loans are processed swiftly, helping you manage time‑sensitive financial requirements without delays.

  • Customisable Tenure

Pick a repayment duration that aligns with your monthly budget and comfort level.

  • Low Documentation

Only basic documents are needed, ensuring a smooth and straightforward application experience.

  • Quick Disbursal

Once approved, the amount is credited directly to your bank account in a short span.

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)

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

Address Proof (Any One of the Following)

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

Income Proof (Any One of the Following)

  • Salary slips for the last 3 months
  • Recent bank statements

₹60,000 Personal Loan: Fees and Charges

Some lenders may charge a processing fee on a ₹60k 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 10% of the loan amount

Foreclosure Charges

Up to 7% of the outstanding principal

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

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:

  1. Visit the personal loan application page on Bajaj Markets

  2. Choose your profession from the dropdown list provided

  3. Enter your mobile number and residential PIN code accurately

  4. Review and accept the terms and conditions carefully

  5. Click ‘Proceed’ to continue your loan application

  6. Fill in your personal and employment details, including PAN, full name, date of birth, monthly salary, employer details, email, and salary payment mode

  7. Submit your information to view instant personalised loan offers

  8. 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.

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

A ₹60,000 loan can be a practical option for urgent travel‑related expenses. A travel loan helps you manage essential costs such as flight tickets, hotel bookings, and other trip necessities without financial strain.

Home Remodelling

Home renovation projects can exceed budgets. The personal loan for relocation can provide 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 medical emergency 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 for relocation can assist with shifting costs, rent deposits, and other relocation-related expenses, ensuring a smooth transition.

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.

Financial Content Specialist

Reviewer

Aakash Jain

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:

  1. Select a lending partner that matches your loan preferences 

  2. Enter your details and check your eligibility

  3. Fill out the application form with your personal and loan-related information

  4. Upload the required documents for verification

  5. 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?

A ₹60k loan online is typically unsecured, so you don’t need to provide any collateral to apply.

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.

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