BAJAJ FINSERV DIRECT LIMITED

₹85,000 Personal Loan

A personal loan of ₹85,000 can help you manage various financial needs, whether planned or unexpected. 

 

...

With Bajaj Markets, you can compare multiple lenders, access interest rates starting at 10.99% p.a., and select repayment tenures of up to 72 months. You can use the Personal Loan EMI Calculator to estimate monthly payments and choose a loan offer that aligns with your financial situation.

Read More
Your Personal Loan EMI
₹ 1,806
Total Interest Amount
₹ 23,335
Principal Amount
₹ 85,000
Total Payable Amount
₹ 108,335
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

You can also make instant comparisons between loan offers from multiple personal loan providers on Bajaj Markets. 

...

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

Read More

An ₹85,000 personal loan is an ideal solution for meeting immediate personal expenses without pledging any security or collateral. It provides the flexibility of unrestricted end use for a wide range of personal requirements.

For example, choosing a ₹85,000 personal loan with a 3-year tenure at 10.99% interest per annum results in an EMI of approximately ₹2,742. Over the loan period, the total interest payable comes to around ₹13,737.

Opting for a 1-year tenure increases the EMI to about ₹7,472, while reducing the total interest to approximately ₹4,674.

With simple eligibility criteria, minimal documentation, and quick disbursal, this personal loan allows access to timely funds without affecting existing savings.

Many lending partners on Bajaj Markets offer personal loans of ₹85,000 with competitive interest rates and flexible repayment options. Compare multiple lenders, review their loan terms, and select the offer that best meets your financial needs. 

Lenders

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fee

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

12.75% p.a.

48 Months

2% to 3% 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

IIFL

₹5 Lakhs

18.00% p.a.

42 Months

2% to 6% of the loan amount + GST

MoneyTap

₹5 Lakhs

18.00% p.a.

36 Months

5% to 10% of the loan amount

Olyv

₹1 Lakhs

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

₹5 Lakhs

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.

When you take a personal loan of ₹85,000 at an interest rate of 10.99% per annum, your EMI, total interest, and overall repayment amount will depend on the selected tenure. The table below provides a detailed breakdown of different repayment periods.

Tenure

EMI Amount

Interest Rate

Total Interest Payable

Total Repayment Cost

₹85,000 Loan for 1 Year  

₹7,472

10.99% p.a.

₹4,674

₹89,674

₹85,000 Loan for 3 Years 

₹2,742

10.99% p.a.

₹13,737

₹98,737

₹85,000 Loan for 5 Years  

₹1,805

10.99% p.a.

₹23,359

₹1,08,359

85,000 Loan for 8 Years  

₹1,289

10.99% p.a.

₹38,821

₹1,23,821

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

You will also 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.

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 example, you have taken an instant personal loan of ₹85,000 from Bajaj Markets. The interest rate is 10% per annum, with a loan tenure of 70 months. Using the formula, the EMI amounts to ₹1,607. The total interest will be ₹27,532, making the total repayment to be ₹1,12,532.

If you are planning to apply for a personal loan of ₹85,000, here are the eligibility conditions you need to meet:

  • You must be an Indian citizen

  • Both salaried and self-employed individuals are eligible

  • You should be 18 years or above

  • Must have a minimum monthly income of ₹10,000

  • A minimum of 1 year of continuous work experience is required

  • A CIBIL score of 600 or above is typically needed for approval

Here is a list of documents you will need to submit when applying for the loan:

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):

  • Bank statements

  • Salary slips for the last 3 months

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.

The table below illustrates the EMI breakdown for an ₹85,000 loan at 10% per annum over a 6-month tenure. The interest component reduces over time, while a larger share is allocated towards repaying the principal, gradually lowering the outstanding balance.

Month 

Payable Amount

Principal

Interest

Balance

Month 1

₹14,583

₹13,874

₹708

₹71,126

Month 2

₹14,583

₹13,990

₹593

₹57,136

Month 3

₹14,583

₹14,107

₹476

₹43,029

Month 4

₹14,583

₹14,224

₹359

₹28,805

Month 5

₹14,583

₹14,343

₹240

₹14,462

Month 6

₹14,583

₹14,462

₹121

₹0

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

Your CIBIL score, ranging from 300 to 900, reflects your creditworthiness and financial reliability. A personal loan can impact your score in the following ways:

  • Pre-approval Impact

When applying for a personal loan, the lender carries out a detailed review of your credit report. This inquiry is recorded and may cause a slight temporary dip in your credit score.

  • Post-approval Impact

Making timely repayments improves your credit score by demonstrating responsible debt management. Consistent payments enhance your credit profile, increasing the likelihood of securing future credit on better terms.

You can use a personal loan of ₹85,000 for various financial needs, providing flexibility and ease in managing expenses. Here are some common purposes:

  • Home Renovation

Upgrading a kitchen, repainting walls, or repairing structural damages requires significant funds. A personal loan facilitates these home improvements, enhancing living spaces, increasing property value, and allowing expenses to be managed without disrupting monthly budgets.

  • Travel

Planning an international or domestic trip involves expenses like airfare, accommodation, sightseeing, and shopping. A personal loan of ₹85,000 provides the financial backing to embark on these journeys while managing repayments through structured EMIs.

  • Relocation Costs

Relocation involves costs such as hiring movers, transportation, and security deposits. This loan offers financial aid, ensuring a smooth transition while covering relocation expenses without immediate financial strain.

  • Medical Bills

Medical emergencies often demand immediate funds. These loans can cover hospital bills, doctor’s fees, medications, or surgeries. When medical insurance is insufficient, borrowing ensures prompt treatment without added financial pressure, providing access to the best possible care.

  • Substantial Purchases

Acquiring essential items like furniture, electronic gadgets, or home appliances can strain personal finances. A personal loan offers the flexibility to make these purchases immediately and spread repayments over time through affordable EMIs.

  • Debt Consolidation

Managing multiple high-interest loans can be overwhelming. A personal loan of ₹85,000 helps combine these debts into a single EMI, simplifying repayment and reducing overall interest costs. It streamlines financial management and ensures timely payments.

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

85000 Personal Loan
What is the interest rate on a ₹85,000 personal loan?

The interest rate for a ₹85,000 personal loan depends on the lender, your credit score, and the chosen repayment tenure on Bajaj Markets. Generally, rates start from 10.99% per annum, but they may vary based on eligibility and loan terms.

At Bajaj Markets, lenders provide flexible repayment tenures ranging from a few months to up to 72 months, depending on the loan terms. You can select a tenure that aligns with your financial situation and repayment capacity while applying for the personal loan.

Yes, it is possible to get a ₹85,000 personal loan without collateral, as personal loans are unsecured. However, approval relies on key factors such as your CIBIL score, income, employment type, and repayment capacity.

You can apply for a personal loan of ₹85,000 on Bajaj Markets. This platform allows you to compare various lenders, calculate the EMIs, and apply for the loan.

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

Our Products