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BAJAJ FINSERV DIRECT LIMITED

Personal Loan of ₹9 Lakhs

Need a ₹9 lakh personal loan? Get quick and convenient access to funds through a smooth, hassle-free process. Whether you're planning a wedding, handling unexpected medical expenses, or making a major purchase, timely financial support can make all the difference.

Your Personal Loan EMI

₹ 13,657

Total Interest Amount

₹ 411,048

Principal Amount

₹ 9,00,000

Total Payable Amount

₹ 13,11,048

Loan Amount

Interest Rate

- +

Tenure

- +

Instant Approval

You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets.

Lenders Offering Personal Loans of ₹9 Lakhs on Bajaj Markets

The platform provides access to high-value loans from leading issuers such as Kotak Mahindra Bank, InCred, L&T Finance, and more. Compare personal loan interest rates and other details to identify the most suitable option for you:

Available Offerings	Maximum Tenure	Minimum Interest Rate
Bajaj Finance Limited Personal Loan	96 months	10% p.a.
Kotak Mahindra Bank Personal Loan	72 months	10.99% p.a.
L&T Finance Personal Loan	48 months	12% p.a.
SMFG India Credit Personal Loan	60 months	12% p.a.
YES BANK Personal Loan	72 months	12.50% p.a.
Muthoot Finance Personal Loan	60 months	14.50% p.a.
Finnable Personal Loan	60 months	15.95% p.a.
InCred Personal Loan	60 months	16% p.a.
moneyview Personal Loan	60 months	16% p.a.

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

EMI for a Personal Loan of ₹9 Lakhs Over Varying Tenures

The repayment period plays a crucial role in determining your monthly EMI payments. Refer to the table below for a clear understanding, assuming you have taken a personal loan of ₹9 Lakhs at a 10% annual interest rate:

Tenure	EMI Amount	Total Interest Payable	Total Repayment Cost
1 Year (12 Months)	₹79,124	₹49,492	₹9,49,492
3 Years (36 Months)	₹29,040	₹1,45,457	₹10,45,4567
5 Years (60 Months)	₹19,122	₹2,47,340	₹11,47,340
8 Years (96 Months)	₹13,657	₹4,11,048	₹13,11,048

Note: 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 ₹9 Lakhs Available on Bajaj Markets

Different lenders have various charges associated with personal loans. Take a look at the table below to understand them better.

Fees and Charges	Details
Processing Fees	Up to 6% of the loan amount
Foreclosure Charges	Up to 6% of the amount
Part-payment Charges	Up to 25% 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 = Loan amount
R = Monthly interest rate (Annual interest rate/12/100)
N = Loan tenure in months

For example, borrowing ₹9 Lakhs from Bajaj Markets at a 10% annual interest rate for 50 months results in an EMI of ₹22,083. The total interest paid will be ₹2,04,175, making the total repayment amount ₹11,04,175.

Amortisation Table for a Personal Loan of ₹9 Lakhs

Review the table below to see the amount payable on the ₹9 Lakh loan. The calculation is based on an interest rate of 10% and a tenure of 6 months. Here is the amortisation breakdown:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹1,54,405	₹1,46,905	₹7,500	₹7,53,095
Month 2	₹1,54,405	₹1,48,129	₹6,276	₹6,04,965
Month 3	₹1,54,405	₹1,49,364	₹5,041	₹4,55,601
Month 4	₹1,54,405	₹1,50,609	₹3,797	₹3,04,993
Month 5	₹1,54,405	₹1,51,864	₹2,542	₹1,53,129
Month 6	₹1,54,405	₹1,53,129	₹1,276	₹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

CIBIL scores range from 300 to 900, and a score above 750 indicates that you are a responsible borrower. Personal loans can affect your credit score in several ways, such as:

Pre-approval Impact

A hard inquiry occurs when a lender reviews your complete credit report from a credit bureau to evaluate your creditworthiness during loan verification. Although the impact is typically small and temporary, it may lower your credit score by a few points.

Post-repayment Impact

Paying EMIs on time improves your credit score. It reflects responsible financial management, enhancing your chances of securing loans in the future.

Uses of a Personal Loan of ₹9 Lakhs

A personal loan of up to ₹9 Lakhs can help you manage various expenses, whether unexpected or planned. Here is how you can use it:

Wedding Planning

Make your special day unforgettable with grand arrangements, premium catering, and other wedding-related costs. A personal loan helps you manage expenses efficiently, allowing you to focus on celebrating.

Business Needs

Maintain cash flow, cover invoice delays, or support daily operations with a personal loan. Access up to ₹9 Lakhs to keep your business running smoothly.

Travel Plans

Plan spontaneous getaways or long-awaited holidays with ease. A personal loan covers flights, accommodation, and other expenses, ensuring a stress-free travel experience.

Home Renovation or Moving

Whether upgrading your home, purchasing new furniture, or relocating to a new city, a personal loan provides the necessary funds to manage these transitions smoothly.

Other Instant Personal Loan Options

1 Lakh Personal Loan	2 Lakh Personal Loan	3 Lakh Personal Loan
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7 Lakh Personal Loan	8 Lakh Personal Loan	10 Lakh Personal Loan
15 Lakh Personal Loan	20 Lakh Personal Loan	25 Lakh Personal Loan
30 Lakh Personal Loan	50 Lakh Personal Loan

Frequently Asked Questions

What are the eligibility criteria for a personal loan of ₹9 Lakhs?

Before applying for a personal loan online, ensure you meet the following eligibility criteria:

Citizenship: Indian resident
Employment Status: Salaried or self-employed
Age: Above 18 years
Minimum Income: ₹10,000 per month
Work Experience: At least 1 year
CIBIL Score: 600 or above

Can I secure a loan of ₹9 Lakhs without providing any collateral?

Yes, more than eight lenders from top banks and financial institutions offer loans of ₹9 Lakhs without requiring any collateral.

What is the minimum interest rate for a loan of ₹9 Lakhs?

You can secure a personal loan of ₹9 Lakhs with interest rates starting at 10% per annum on Bajaj Markets.

What are the documents we need to apply for a personal loan of ₹9 Lakhs?

Document requirements vary between lenders. However, the commonly required documents include:

Identity Proof (PAN, Aadhaar, Voter ID, Passport, or Driving Licence)
Address Proof (Voter ID, Aadhaar, Passport, Driving Licence, Electricity, or Telephone Bill)
Income Proof (Last 3 months' bank statement or salary slips)

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Personal Loan of ₹9 Lakhs

Lenders Offering Personal Loans of ₹9 Lakhs on Bajaj Markets

EMI for a Personal Loan of ₹9 Lakhs Over Varying Tenures

Fees and Charges for a Personal Loan of ₹9 Lakhs Available on Bajaj Markets

How to Calculate Your Personal Loan EMI

Amortisation Table for a Personal Loan of ₹9 Lakhs

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

Uses of a Personal Loan of ₹9 Lakhs

Other Instant Personal Loan Options

Frequently Asked Questions

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