BAJAJ FINSERV DIRECT LIMITED

₹75,000 Personal Loan

A personal loan of ₹75,000 can help manage unexpected expenses or planned financial needs. On Bajaj Markets, compare multiple lenders, access interest rates starting from 10.99% p.a., and choose a repayment tenure of up to 72 months. 

Your Personal Loan EMI
₹ 1,427
Total Interest Amount
₹ 27,756
Principal Amount
₹ 75,000
Total Payable Amount
₹ 1,02,756
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
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You can also 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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Overview

A ₹75,000 personal loan offers a convenient financial solution for a variety of requirements. Whether you need to manage an unexpected expense, plan a short-term course, fund a small home renovation, or cover travel costs, this loan provides timely access to funds without the need for collateral.

For example, taking a loan of ₹75,000 at an interest rate of 10% per annum with a tenure of 2 years results in an estimated EMI of ₹3,460. The total interest payable over this period comes to approximately ₹8,060, making it a cost-effective option for immediate financial needs.

The simple online application process, minimal documentation, and quick approvals make this loan a suitable choice for individuals seeking financial flexibility. It is ideal for salaried professionals or self-employed individuals who have to access immediate funds with manageable repayment terms.

Compare ₹75,000 Personal Loan Interest Rates by Various Banks & NBFCs

Multiple lending partners on Bajaj Markets provide personal loans with competitive interest rates and flexible repayment tenures. The table below highlights some of the top lenders. Compare their offers to find the one that best suits your financial needs:

Available Offerings

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fee

CASHe (Bhanix Finance) Personal Loan

₹3 Lakhs

2.79% p.m. 

18 months

Up to 5.5% of the loan amount + GST

Kotak Mahindra Bank Personal Loan

₹40 Lakhs

10.99% p.a.

72 months

Up to 1.50% of the loan amount + GST

Federal Bank Personal Loan

₹5 Lakhs

11.00% p.a.

48 months

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

L&T Finance Personal Loan

₹15 Lakhs

12.00% p.a.

48 months

Up to 3% of the loan amount + GST

SMFG India Credit Personal Loan

₹25 Lakhs

12.00% p.a. 

60 months

0% to 6% of the loan amount

Fibe Personal Loan

₹5 Lakhs

14.00% p.a.

36 months

Up to 2% of the loan amount

Kissht Personal Loan

₹4 Lakhs

14.00% p.a.

24 months

3% to 5% of the loan amount

KreditBee Personal Loan

₹5 Lakhs

14.00% p.a.

24 months

Up to 3% of the loan amount

PaySense Personal Loan

₹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 Personal Loan

₹10 Lakhs

14.50% p.a.

60 months

2% to 4% 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

16.00% p.a.

60 months

2% to 5% of the sanctioned amount

moneyview Personal Loan

₹10 Lakhs

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

60 months

2% of the approved loan amount

IIFL Personal Loan

₹5 Lakhs

18.00% p.a.

42 months

2% to 6% of the loan amount + GST

Freo Personal Loan

₹5 Lakhs

18.00% p.a.

36 months

5% to 10% of the loan amount

Olyv Personal Loan

₹1 Lakhs

18.00% p.a.

12 months

2% to 12% of the loan amount

Upwards Personal Loan

₹5 Lakhs

18.00% p.a.

36 months

Up to 4% of the loan amount

Zype Personal Loan

₹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.

₹75,000 Personal Loan EMI for Different Tenures

The EMI, total interest, and repayment amount for a ₹75,000 personal loan at an interest rate of 10.99% per annum vary depending on the chosen tenure. A shorter tenure leads to higher EMIs, whereas a longer tenure lowers the monthly EMI. 

The table below offers a detailed breakdown to support better financial planning:

Tenure

EMI Amount

Interest Rate

Total Interest Payable

Total Repayment Cost

₹75,000 Loan for 1 Year

₹6,594

10.99% p.a.

₹4,124

₹79,124

₹75,000 Loan for 3 Years

₹2,420

10.99% p.a.

₹12,121

₹87,121

₹75,000 Loan for 5 Years

₹1,594

10.99% p.a.

₹20,611

₹95,611

₹75,000 Loan for 8 Years

₹1,138

10.99% p.a.

₹34,254

₹1,09,254

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

Fees and Charges For a Personal Loan of ₹75,000 Available on Bajaj Markets

You will incur some additional fees when getting an instant personal loan. Here are the details:

Fees and Charges

Details

Processing Fees

Up to 12% of the loan amount 

Foreclosure Charges

Up to 6% of the amount  

Part-payment Charges

Up to 20% of the amount

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

How to Calculate Your Personal Loan EMI

Here is how you can calculate your Personal Loan EMI:

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 instance, you have taken an instant personal loan of ₹75,000 from Bajaj Markets. Suppose the interest rate is 10% per annum, with a loan tenure of 48 months. Using the formula, the EMI amounts to ₹1,902. The total interest payable is ₹16,305, making the total repayment ₹91,305.

Eligibility & Documents for a Personal Loan of ₹75,000

Before applying for a ₹75,000 personal loan, it's essential to review the lender’s eligibility requirements to ensure you meet the necessary criteria. Being eligible not only improves your chances of approval but also helps you manage repayment more effectively. While specific requirements may vary between lenders, the following are generally considered:

  1. You must be an Indian citizen.

  2. You should be either salaried or self-employed.

  3. You must be at least 18 years old.

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

  5. Your CIBIL score must be 600 or higher.

To successfully apply for a ₹75,000 personal loan, you must also provide the necessary documentation that validates your eligibility and repayment capability. Ensure you have the following documents available:

Identity Proof (any one of the following)

Address Proof (any one of the following)

Income Proof (any one of the following)

PAN card Voter ID Bank statements
Aadhaar card Aadhaar card Salary slips of the last 3 months
Voter ID Passport  
Passport Driving licence  
Driving licence Electricity bill  
  Telephone bill  

Please note that the eligibility criteria and required documents may differ depending on the lender’s policies. Reach out to your chosen lender for the most accurate and up-to-date information.

How to Apply for a Personal Loan of ₹75,000

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

  1. Click on ‘Apply for a personal loan

  2. Fill in your basic personal information in the online form

  3. Specify the loan amount and your preferred repayment tenure

  4. Submit the form for verification

A representative will then contact you to assist with the next steps in processing your application.

Amortisation Table for a Personal Loan of ₹75,000

The table below provides a detailed breakdown of the EMI payments for a ₹75,000 loan at an interest rate of 10.99% p.a. over a six-month tenure.

Month 

Payable Amount

Principal

Interest

Balance

Month 1

₹12,867

₹12,242

₹625

₹62,758

Month 2

₹12,867

₹12,344

₹523

₹50,414

Month 3

₹12,867

₹12,447

₹420

₹37,967

Month 4

₹12,867

₹12,551

₹316

₹25,416

Month 5

₹12,867

₹12,655

₹212

₹12,761

Month 6

₹12,867

₹12,761

₹106

₹0

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

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

Your CIBIL score, ranging from 300 to 900, reflects your creditworthiness and financial health. Here is how a personal loan affects it:

Before Loan Approval

After Loan Approval

  • Paying your EMIs on time helps improve your credit score

  • Regular, timely payments demonstrate responsible debt management, making future loan approvals easier

Uses of a ₹75,000 Personal Loan

A personal loan of ₹75,000 can help you manage planned and unexpected expenses. Here are some common ways to use the funds:

  • Wedding Expenses

Weddings involve substantial costs, including venue bookings, catering, decorations, and attire. A personal loan helps cover these expenses, allowing you to focus on making the occasion memorable.

  • Home Renovation and Relocation

Renovating or relocating involves costs such as painting, flooring, furniture, and transportation. A personal loan helps manage these expenses, ensuring a smooth transition.

  • Medical Emergencies

Medical insurance may not cover all expenses, such as medicines, diagnostic tests, or hospital bills. A personal loan provides quick access to funds, ensuring timely treatment without financial stress.

  • Education and Skill Development

Pursuing a short-term course, certification, or professional training program requires covering tuition fees, study materials, and other educational expenses. A personal loan supports these aspirations without financial hurdles.

  • Travel and Vacations

Travelling requires funds for flights, hotels, sightseeing, and shopping. A personal loan allows you to explore new destinations without waiting for years to save, with the option to repay in easy EMIs.

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

75000 Personal Loan
Can I get a personal loan of ₹75,000?

Yes, you can get a ₹75,000 personal loan through Bajaj Markets from multiple lending partners. To get quick approval, you need to meet the eligibility criteria, including a good credit score, stable income, and necessary documentation.

Consider applying for a personal loan via Bajaj Markets by following these simple steps:

  1. Click on ‘Instant Approval’ button in the calculator section on this page

  2. Fill in your basic personal information in the online form

  3. Select the loan amount and your preferred tenure

  4. Review your details and submit the application

After submission, a representative will contact you to guide you through the remaining steps.

The EMI depends on the interest rate and tenure that you choose. For instance, taking a ₹75,000 loan at 10.99% p.a. for a 12-month tenure results in an EMI of ₹6,594. Use the personal loan EMI calculator on Bajaj Markets to get an accurate estimate based on your chosen tenure and interest rate.

The minimum salary requirement varies by lender and depends on factors such as credit score, employment type, and repayment capacity. For a personal loan on Bajaj Markets, you need a minimum monthly income of ₹10,000.

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