Get Lowest Personal Loan Interest Rate ✓ Quick Disbursal ✓ Minimum Documentation! Check Offer

Fulfil various needs and aspirations with the help of a personal loan of ₹70,000 available on  Bajaj Markets. You can benefit from interest rates starting as low as 9.99% p.a. and save on loan costs. Furthermore, repay the loan at your convenience with the help of flexible tenures that range up to 96 months. You can enjoy easy application processes, swift approval, and instant disbursals to meet your unique needs by applying for this loan on Bajaj Markets.

Interest Rates for a Personal Loan of ₹70,000

The interest rates charged by lenders that offer personal loans of ₹70,000 are as follows:

Lenders

Starting Interest Rate

Bajaj Finance

11% p.a.

CASHe

27% p.a.

Federal Bank

11% p.a.

Fibe

14% p.a.

Finnable

15.95% p.a.

IIFL Finance

16.50% p.a.

InCred

16% p.a.

Kissht

14% p.a.

Kotak Mahindra Bank

10.99% p.a. 

KreditBee

15% p.a.

L&T Finance

12% p.a.

moneyview

15.96% p.a.

Muthoot Finance

14.50% p.a.

Olyv

18% p.a.

PaySense

14% p.a.

Privo

9.99% p.a.

SMFG India Credit

12% p.a.

Upwards

18% p.a.

Zype

18% p.a.

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

Calculate the EMI for a Personal Loan of ₹70,000

Loan Amount
Tenure
Months
Rate of Interest
Personal Loan
Your Monthly Personal Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year EMI Principal Interest Balance

EMI for a Personal Loan of ₹70,000 Over Varying Tenures

Let’s say you took a personal loan of ₹70,000 for an interest rate of 9.99% p.a. Depending on the repayment period you choose, here is how the loan repayment details may vary:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

12 months

₹5,274.67

₹3,296.09

₹63,296.09

24 months

₹2,768.42

₹6,442.05

₹66,442.05

36 months

₹1,935.75

₹9,686.98

₹69,686.98

48 months

₹1,521.47

₹13,030.41

₹73,030.41

60 months

₹1,274.53

₹16,471.65

₹76,471.65

72 months

₹1,111.25

₹20,009.84

₹80,009.84

84 months

₹995.76

₹23,643.93

₹83,643.93

96 months

₹910.13

₹27,372.71

₹87,372.71

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

 

As seen above, the shorter the tenure, the higher the EMI amount. However, do note that the interest charges in such cases are lower which helps you save on the overall repayment costs. Take your budget and financial situation into consideration when choosing a tenure. Conduct thorough research and compare the instalment details across different tenures by using tools like a personal loan EMI calculator to make an informed decision.

Eligibility Criteria and Documents Required for a Personal Loan of ₹70,000

To be eligible for a loan of ₹70,000 it is essential to know about the criteria set by the lender. These vary depending on the loan provider you choose. Here is a list of some common requirements which can help you prepare beforehand and make the process easier:

  • Your age should be 18 years or more

  • You must be an Indian citizen 

  • If self-employed professional or non-professional, you must be running a successful business for at least 1 year

  • If salaried, you must be working in a reputed company for at least 2 to 3 years

  • You should have a minimum monthly earning of ₹15,000

Additionally, you may also be required to submit the following documents when applying for the loan:

  • KYC Documents:

    • Identity proof: PAN card, Aadhaar card, voter ID, etc.

    • Address proof: Aadhaar card, passport, utility bills, etc

  • Income proof: Bank statement of the previous 6 months 

Here is a list of documents you need to submit as per the nature of your employment:

  • For self-employed applicants:

    • Form 26AS

    • TDS certificate 

    • Income Tax challan of the business

    • ITR filing of the last 2 years 

    • Proof of business origination

  • For salaried applicants:

    • Salary slips of the previous 3 months

    • Form 16

    • ITR filings

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

How can I apply for a personal loan of ₹70,000?

Follow these simple steps to apply for a personal loan on Bajaj Markets:

  • Click on the ‘CHECK OFFER’ option on this page

  • Provide your personal and professional details

  • Choose a lender from the list provided

  • Enter the preferred tenure and the required loan amount

  • Recheck the information entered and submit the application

  • Following this, a representative will reach out to you for further proceedings

What is the interest rate levied on a personal loan of ₹70,000?

Apply for the loan on Bajaj Markets and enjoy interest rates starting from just 9.99% p.a.

Can I secure a loan of ₹70,000 without providing any collateral?

Yes, you can secure an instant personal loan without having to submit any collateral.

Can I get a loan of ₹70,000 on Bajaj Markets?

Yes, you can get a loan of ₹70,000 on Bajaj Markets. However, you will be required to meet some basic eligibility requirements and submit some essential documents for this.

Can I use the amount I borrow with a personal loan to fund my higher education?

Yes. Personal loans come with no end-use restrictions. Thus, the amount can be used to meet all your financial needs including paying your tuition fees for higher education.

What is the eligibility requirement for a personal loan of ₹70,000?

Adhere to the following criteria to be eligible for a loan of ₹70,000:

  • 18 years of age and above

  • Minimum monthly income of ₹15,000

  • Work experience of at least 2-3 years

  • Indian citizenship

The requirements may differ from one lender to another. Get a complete list of the criteria from your chosen lender prior to applying for the loan.

What is the minimum and maximum tenure for a loan of ₹70,000?

You can get a loan of ₹70,000 with repayment tenures usually ranging from a couple of months to 8 years.

How fast can I get a personal loan of ₹70,000?

You can get instant personal loan approval by applying on Bajaj Markets. Some of our trusted partners like Fibe, KreditBee, Privo, and Kissht offer quick transfer of funds to your account within a few minutes upon approval.

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