BAJAJ FINSERV DIRECT LIMITED

₹65,000 Personal Loan

A ₹65,000 personal loan provides a quick and convenient solution for urgent expenses. 

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Compare multiple lenders on Bajaj Markets, benefit from competitive interest rates starting at 10.99% p.a., and select flexible repayment tenures of up to 72 months.

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Your Personal Loan EMI
₹ 1,381
Total Interest Amount
₹ 17,844
Principal Amount
₹ 65,000
Total Payable Amount
₹ 82,844
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

You can make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets. 

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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A ₹65,000 personal loan is a practical way to manage sudden expenses or significant purchases. It can be used for various needs, such as medical bills, education fees, home repairs, or travel, and does not require any collateral.

For instance, borrowing ₹65,000 for a 2-year tenure at 10.99% interest per annum results in an EMI of approximately ₹3,000. The total interest paid over this period comes to around ₹6,986.

Choosing a 1-year repayment term increases the EMI to about ₹5,714, while the total interest reduces to roughly ₹3,574. With flexible repayment options, minimal documentation, and quick approvals, this loan enables effective handling of both urgent and planned expenses.

Multiple leading lenders, such as Federal Bank, Kotak Mahindra Bank, and MoneyTap, offer a personal loan of ₹65,000 on Bajaj Markets. Compare personal loan interest rates and repayment tenures to choose the best option for your needs.

Lenders

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fees

CASHe (Bhanix Finance)

₹3 Lakhs

2.79% p.m.

18 months

Up to 5.5% of the loan amount + GST

Kotak Mahindra Bank

₹40 Lakhs

10.99% p.a.

72 months

Up to 1.50% of the loan amount + GST

Federal Bank

₹5 Lakhs

11.00% p.a.

48 months

0.70% to 2.80% of the loan amount + 18% GST

L&T Finance

₹15 Lakhs

12.00% p.a.

48 months

Up to 3% of the loan amount + GST

SMFG India Credit

₹25 Lakhs

12.00% p.a.

60 months

0% to 6% of the loan amount

Fibe

₹5 Lakhs

14.00% p.a.

36 months

Up to 2% of the loan amount

Kissht

₹4 Lakhs

14.00% p.a.

24 months

3% to 5% of the loan amount

KreditBee

₹5 Lakhs

14.00% p.a.

24 months

Up to 3% of the loan amount

PaySense

₹5 Lakhs

14.00% p.a.

60 months

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

Muthoot Finance

₹10 Lakhs

14.50% p.a.

60 months

2% to 4% of the loan amount

Finnable

₹10 Lakhs

15.95% p.a.

60 months

Up to 3% of the loan amount

InCred

₹10 Lakhs

16.00% p.a.

60 months

2% to 5% of the sanctioned amount

Moneyview

₹10 Lakhs

16% p.a. (1.33% p.m.)

60 months

Starts from 2% of the approved loan amount

MoneyTap

₹5 Lakh

18.00% p.a.

36 months

5% to 10% of the loan amount

Olyv

₹1 Lakh

18.00% p.a.

12 months

2% to 12% of the loan amount

Upwards

₹5 Lakhs

18.00% p.a.

36 months

Up to 4% of the loan amount

Zype

₹45,000

18.00% p.a.

12 months

2% to 6% of the loan amount

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

Your EMI for a ₹65,000 personal loan with an interest rate of 10% depends on the repayment tenure you choose. The table below shows how your EMI changes across different tenures:

Tenure

EMI Amount

Interest Rate

Total Interest Payable

Total Repayment Cost

₹65,000 Loan for 1 Year

₹5,714

10% p.a.

₹3,574

₹68,574

₹65,000 Loan for 3 Years

₹2,097

10% p.a.

₹10,505

₹75,505

₹65,000 Loan for 5 Years

₹1,381

10% p.a.

₹17,863

₹82,863

₹65,000 Loan for 8 Years

₹986

10% p.a.

₹29,686

₹94,686

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

You may have to pay additional fees when obtaining an instant personal loan. The details are as follows:

Fees and Charges

Details

Processing Fees

Up to 12% of the loan amount 

Foreclosure Charges

Up to 6% of the loan amount  

Part-payment Charges

Up to 20% of the loan amount

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

You can calculate your Personal Loan EMI using the formula:

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

Where:

  • P = Principal loan amount

  • R = Monthly interest rate

  • N = Loan tenure in months

For example, you have taken an instant personal loan of ₹65,000 at a 10% interest rate and a 30-month tenure. Using the formula, the EMI amounts to ₹2,457. The total interest payable is ₹8,732, making the total repayment amount ₹73,732.

When applying for a personal loan of ₹65,000, make sure to check that you meet the lender’s eligibility criteria. It is important to ensure that you can repay the loan efficiently to improve your chances of approval. These may differ based on the lender, but the following are typically considered:

  • You should be an Indian citizen by nationality 

  • You should either be salaried or self-employed

  • Your age should be above 18 years

  • Your monthly income should be a minimum of ₹10,000

  • Your CIBIL score should be 600 or above

It is also important to provide the required documents. They help verify your eligibility and repayment capacity. Make sure you have the following documents readily available:

Identity Proof (any one of the following):

  • PAN card

  • Aadhaar card

  • Voter ID

  • Passport

  • Driving licence

Address Proof (any one of the following):

  • Voter ID

  • Aadhaar card

  • Passport

  • Driving licence

  • Electricity bill

  • Telephone bill

Income Proof (any one of the following): 

  • Bank statement 

  • Salary slips of the last 3 months

Please note that these requirements often vary between lenders. Contact your chosen lender to obtain the full list of eligibility criteria and required documents.

Follow these simple steps to apply for a personal loan online:

  1. Click on ‘Apply for a personal loan

  2. Enter your basic personal details in the form

  3. Choose your desired loan amount and repayment period

  4. Submit the form for review

After submission, a representative will get in touch to guide you through the remaining steps.

When taking a personal loan of ₹65,000 at an interest rate of 10% per annum for a 6-month tenure, here is what the repayment structure will look like:

Month 

Payable Amount

Principal

Interest

Balance

Month 1

₹11,151

₹10,610

₹542

₹54,390

Month 2

₹11,151

₹10,698

₹453

₹43,692

Month 3

₹11,151

₹10,787

₹364

₹32,905

Month 4

₹11,151

₹10,877

₹274

₹22,027

Month 5

₹11,151

₹10,968

₹184

₹11,059

Month 6

₹11,151

₹11,059

₹92

₹0

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

Your CIBIL score plays a crucial role in obtaining a personal loan. As personal loans are unsecured and do not require collateral, lenders assess your creditworthiness and repayment capacity through your CIBIL score. Here is how your score is affected before and after loan approval:

  • Pre-approval Impact

When you apply for a personal loan, the lender conducts a hard inquiry on your credit report. This inquiry is recorded in your CIBIL report and may slightly lower your score. However, maintaining good credit habits over time can help improve it.

  • Post-approval Impact

Paying your EMIs on time positively impacts your credit score. It demonstrates responsible debt management, enhancing your creditworthiness. A higher credit score can also help secure loans with better interest rates in the future.

A personal loan of ₹65,000 can help you manage various expenses, offering quick access to funds when you need them. Here are some common uses:

  • Home Renovation

Homes require maintenance and upgrades over time. A ₹65,000 personal loan can fund interior renovations, wall repainting, furniture upgrades, or plumbing and electrical repairs. This enhances living conditions, increases property value, and ensures a safe environment without straining finances.

  • Debt Consolidation

Managing multiple debts can be challenging. A personal loan offers the option to consolidate outstanding loans or high-interest credit card balances into a single EMI at a potentially lower interest rate. This simplifies repayment, reduces financial burden, and helps improve credit scores.

  • Travel and Vacation 

Travelling requires a well-planned budget. A personal loan can help manage expenses such as airfare, accommodation, transportation, sightseeing, and other travel costs. It allows you to explore new destinations and create lasting memories without postponing plans due to financial constraints.

  • Medical Emergencies

Unexpected medical expenses can arise at any time. This loan can cover hospital bills, surgeries, doctor consultations, and medicines, ensuring you receive necessary care without financial stress. Quick loan approval helps avoid delays in urgent situations.

  • Education Expenses 

Higher education and skill development often involve considerable costs. This loan can cover tuition fees, study materials, exam registrations, or online courses. It supports uninterrupted learning and career advancement without imposing immediate financial pressure.

  • Wedding Expenses

Weddings involve numerous costs, including venue booking, catering, decorations, attire, and photography. When savings are insufficient, a personal loan provides immediate funds, ensuring smooth planning and memorable celebrations without financial worries.

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

65000 Personal Loan
What is the EMI for a ₹65,000 personal loan?

The EMI for a ₹65,000 personal loan depends on the interest rate and tenure. You can use the EMI calculator on Bajaj Markets to check the exact EMI for your chosen loan terms.

Yes, you can get this loan amount on Bajaj Markets with competitive interest rates and flexible repayment tenures of up to 72 months. Compare multiple loan offers from trusted lenders to find the best interest rates and repayment options.

Most lenders require a minimum CIBIL score of 600 or above to approve a personal loan. A higher score increases the likelihood of securing better interest rates and faster approval. Those with a lower score need to focus on improving it by maintaining timely repayments on existing loans.

On Bajaj Markets, you can receive instant approval and quick disbursal within a few hours. However, the loan processing and fund transfer time may vary depending on the lender’s policies and your eligibility criteria.

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