BAJAJ FINSERV DIRECT LIMITED

8,000 Instant Personal Loan

A personal loan of ₹8,000 is a practical way to manage urgent expenses, such as medical bills, travel, or online shopping. On Bajaj Markets, you can access interest rates starting from 12% p.a., with flexible repayment options tailored to your financial needs.

Your Personal Loan EMI
₹ 1,380
Total Interest Amount
₹ 282
Principal Amount
₹ 8,000
Total Payable Amount
₹ 8,282
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

Use the personal loan EMI calculator on Bajaj Markets to check your monthly EMI, total interest payable, and overall repayment plan. 

 

...

Compare offers from trusted lenders on this platform and select the one that fits your budget. 

Read More

Apply For ₹8,000 Personal Loan

A personal loan of ₹8,000 helps to address urgent financial requirements without using your savings. This unsecured loan provides the flexibility to allocate funds towards emergencies or personal use.

Example:

  • An EMI of ₹933 applies for a ₹8,000 personal loan with a 9-month tenure at an interest rate of 12% p.a. The total interest payable in this case would be ₹405.

  • A 5-month tenure for the same ₹8,000 loan results in an EMI of ₹1,648, with a total interest of ₹241 at the same annual interest rate.

With flexible repayment tenures and prompt approvals, a personal loan of ₹8,000 offers a reliable solution for immediate financial needs. You need to select a suitable EMI and tenure based on your repayment capacity.

Compare ₹8,000 Personal Loan Interest Rates by Various NBFCs

Certain NBFCs offer personal loans of ₹8,000 with flexible repayment tenures on Bajaj Markets. Compare their loan amount, interest rates, tenures, and processing fees to find one that suits your requirements.

Available Offerings

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fees

Freo Personal Loan

₹5 Lakhs

12% p.a.

36 Months

1% onwards

KreditBee Personal Loan

₹10 Lakhs

12% p.a.

60 Months

Up to 5.1% of the loan amount + GST

Kissht Personal Loan

₹4 Lakhs

14% p.a.

24 Months

3% to 5% of the loan amount + taxes (if applicable)

PaySense Personal Loan

₹5 Lakhs

14% p.a.

60 Months

2 to 2.50% of the loan amount + GST or ₹500 (whichever is higher)

Zype Personal Loan

₹5 Lakhs

18% p.a.

12 Months

Up to 6% of the loan amount + taxes (if applicable)

Olyv Personal Loan

₹1 Lakh

18%

12 Months

2% to 12% of the loan amount

mPocket Personal Loan

₹45,000

24% p.a.

3 Months

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

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

₹8,000 Personal Loan EMI for Various Tenures

The EMI for an ₹8,000 personal loan depends on the tenure and interest rate. At 12% p.a., here is a quick look at the EMI, total interest, and total repayment for different tenures:

Tenure

EMI Amount

Interest Rate

Total Interest Payable

Total Repayment Cost

₹8,000 Loan for 1 Month

₹ 8,080

12% p.a.

₹ 80

₹ 8,080

₹8,000 Loan for 2 Months

₹ 4,060

12% p.a.

₹ 120

₹ 8,120

₹8,000 Loan for 3 Months

₹ 2,720

12% p.a.

₹ 161

₹ 8,161

₹8,000 Loan for 4 Months

₹ 2,050

12% p.a.

₹ 201

₹ 8,201

₹8,000 Loan for 5 Months

₹ 1,648

12% p.a.

₹ 242

₹ 8,242

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

₹8,000 Personal Loan: Fees and Charges

When you take a ₹8,000 personal loan from Bajaj Markets, a few extra charges may apply besides interest. These include:

Fees and Charges

Details

Processing Fees

Up to 12% of the loan amount

Foreclosure Charges

Up to 4% of the amount

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

How to Calculate Personal Loan EMI

Calculating your ₹8,000 personal loan EMI is straightforward with an EMI calculator. You can compute it using the formula given below:

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

Where:

  • P = Loan amount (₹8,000)

  • R = Monthly interest rate (Annual rate / 12 / 100)

  • N = Loan tenure in months

For example, when you take a personal loan of ₹8,000 at an interest rate of 12% p.a. for 12 months, the EMI will be approximately ₹710. The total interest payable will come to around ₹529. You will need to repay a total of ₹8,529.

Eligibility and Documents for a Personal Loan of ₹8,000

Before applying for an ₹8,000 personal loan, ensure you meet these basic criteria:

  • You must be an Indian citizen

  • You must be salaried or self-employed

  • You must be between 18 years of age

  • You must have a minimum monthly salary of ₹10,000

  • Your CIBIL score must be 600 or more 

You will also have to provide a set of documents when applying. Here are some documents to keep handy:

Types

Details

Identity Proof (any one)

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

Address Proof (any one)

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

Income Proof (any one)

Latest 3 Months' Bank Statements or Salary Slips

How to Apply for a ₹8,000 Personal Loan

You can follow these simple steps to apply for a ₹8,000 instant loan online on Bajaj Markets.

  1. Click on ‘Instant Approval’ on this page

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

  3. Enter the loan amount and select your preferred tenure

  4. Submit the form for verification

A representative will contact you shortly to complete the remaining application process.

Amortisation Table for a ₹8,000 Personal Loan

Here is the amortisation breakdown for a personal loan of ₹8,000 at an interest rate of 12% p.a. for a 6-month tenure:

Month

Payable Amount

Principal

Interest 

Balance

Month 1

₹1,380

₹1,300

₹80

₹6,700

Month 2

₹1,380

₹1,313

₹67

₹5,386

Month 3

₹1,380

₹1,327

₹54

₹4,060

Month 4

₹1,380

₹1,340

₹41

₹2,720

Month 5

₹1,380

₹1,353

₹27

₹1,367

Month 6

₹1,380

₹1,367

₹14

₹0

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

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

Your CIBIL score is a number between 300 and 900. It indicates how well you manage loans and repayments. Taking a personal loan can impact your score in the following ways:

  • Pre-approval Impact

When you apply for a personal loan, the lender conducts a hard inquiry on your credit report. This may slightly reduce your CIBIL score for a short period, as it gets recorded in your credit history.

  • Post-approval Impact

Paying EMIs on time helps improve your CIBIL score. Regular and timely repayments demonstrate responsible loan management, making it easier to access future loans and credit cards at favourable interest rates.

Uses of a ₹8,000 Personal Loan

A personal loan of ₹8,000 can help you meet essential, short-term expenses without dipping into your savings. Here are some of its practical uses:

  • Emergency Medical Expenses

Minor health issues often require urgent attention. A ₹8,000 loan helps cover consultation charges, lab tests, or essential medicines. It ensures timely care without affecting your monthly budget.

  • Utility Bill Clearance

Unpaid bills like electricity, gas, or mobile recharge can disrupt daily life. This loan helps you clear such dues promptly, maintaining the continuity of basic services at home.

  • Emergency Local Travel

In case of a sudden need to travel within the city or to nearby areas, a ₹8,000 instant loan covers fuel, taxi fares, or basic travel tickets. It provides quick support without financial stress.

  • Minor Household Repairs

Essential fixes like tap leaks, electrical faults, or small paint jobs can be managed with this loan. It helps you maintain your home without disturbing your routine budget.

  • School-Related Expenses

Immediate needs like exam fees, uniforms, or study materials can arise during the academic year. A ₹8,000 loan helps you meet such educational expenses without delay.

  • Grocery or Ration Purchase

During a tight month, managing household groceries becomes challenging. This loan amount helps you restock essentials and maintain regular household functioning.

Disclaimer

Reference to all T&Cs necessarily refers to the terms of the Partners as regards pre-approved offers and loan processing time, amongst other conditions.

Frequently Asked Questions

What is the monthly interest on a ₹8,000 personal loan?

On Bajaj Markets, interest rates for an ₹8,000 personal loan start from 12% p.a. The exact monthly interest depends on your loan eligibility and chosen repayment tenure. Different lenders may offer slightly different rates as per their policies.

Yes, you can get a ₹8,000 personal loan without providing any collateral. Personal loans are unsecured, so lenders don’t require security like property, gold, or any other asset for approval.

Several NBFCs on Bajaj Markets offer quick personal loans of ₹8,000 for short-term needs. Approval is usually instant, and disbursal happens within hours.

You can easily apply for a ₹8,000 personal loan online through Bajaj Markets. Choose from a wide range of lenders and apply with minimal formalities.

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Credit Score
Credit Score
Accounts
Accounts
Explore
Explore

Our Products