₹75,000 Personal Loan

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.

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:

The EMI, total interest, and repayment amount for a ₹75,000 personal loan at an interest rate of 10% 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:

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

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

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.

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. Maintain a CIBIL score for ₹70,000 personal loan of at least 650 by regularly taking time to check your CIBIL score online

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:

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.

You can conveniently apply online for a ₹75,000 personal loan on Bajaj Markets by following these simple steps:

1.   Start your online loan application by clicking on Apply Now

2.   Select your profession from the dropdown options provided

3.   Enter your mobile number and residential PIN code accurately

4.   Read and accept the terms and conditions carefully

5.   Click on ‘Proceed’ to move forward with your loan application

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

7.   Submit your details to instantly see customised loan offers from multiple lenders

8.   Choose the best-suited offer, select your loan tenure, and complete your application

A Bajaj Markets representative will soon contact you for assistance with the remaining steps.

The table below provides a detailed breakdown of the EMI payments for a ₹75,000 loan at an interest rate of 10% p.a. over a six-month tenure.

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

• When you apply for a personal loan, the issuer checks your credit report through a hard inquiry

• This inquiry is recorded and may slightly lower your score for a short period

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

Yes, getting a ₹75,000 personal loan with a low credit score is possible, particularly through NBFCs and digital lenders who assess more than just your credit history. These lenders often look at your income stability, employment type, and repayment behaviour on existing obligations. 

Even if your credit score is low, a consistent salary and manageable financial commitments can help you qualify. Some lenders may also offer flexibility if you apply with a guarantor or co-applicant. While the loan may come with higher interest rates or stricter terms, your chances of approval remain reasonable if your overall profile is strong.

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.

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.