₹9,000 Personal Loan

A ₹9,000 loan serves as a convenient option when you need funds for unexpected expenses such as minor medical bills or emergency repairs. This unsecured loan is easy to apply for and can be used for any personal requirement without restrictions.

For example, taking a ₹9,000 loan for 5 months at an interest rate of 12% per annum results in an EMI of approximately ₹1,854. The total interest payable over the loan tenure comes to around ₹271.

Opting for a shorter 2-month tenure for the same loan at a 12% annual interest rate leads to an EMI of around ₹4,567, and the total interest payable reduces to approximately ₹135.

You can select a repayment plan that fits your budget and avoid disturbing your savings during financial emergencies.

On Bajaj Markets, multiple NBFCs offer ₹9,000 personal loans with flexible repayment options. Compare interest rates, loan tenures, and processing fees to choose the best offer for your needs.

When you take a personal loan of ₹9,000 at an interest rate of 12% per annum, your EMI will vary depending on the repayment tenure you choose. The table below provides a quick overview of how your monthly instalments will differ across various tenures:

Some additional costs may apply apart from the interest payable when you take a loan of ₹9,000 on Bajaj Markets. These may include:

You can calculate your personal loan EMI either by using an online calculator or by applying the manual formula. Here is how to calculate it manually:

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:

You take a personal loan of ₹9,000 at an interest rate of 12% p.a. for 35 months, and the monthly EMI comes to ₹306. The total interest payable amounts to ₹1,711, and the total amount payable becomes ₹10,711.

The basic eligibility criteria for a ₹9,000 personal loan are mentioned below: 

• Minimum work experience of 1 year
• Salaried or self-employed individual
• Minimum age of 18 years
• A CIBIL score of 650 or higher is preferred 

You will need to submit a set of documents during the application process. Keep the following documents ready:

You can easily apply for a ₹9,000 personal loan online on Bajaj Markets by following these simple steps:

• Click on ‘Apply for a personal loan’ 

• Fill in your basic personal and financial details in the form

• Enter the loan amount and select your preferred repayment tenure

• Submit the form for verification and approval

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

Suppose you take a loan of ₹9,000 at an interest rate of 12% per annum and a tenure of 6 months. The following is the amortisation breakdown:

Your CIBIL score is a three-digit number ranging from 300 to 900 that indicates your creditworthiness. Taking a personal loan can influence your CIBIL 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 to assess your repayment history and score. This process may temporarily reduce your credit score, as each hard inquiry is recorded in your credit file.

• Post-repayment Impact

Once the loan is approved, your repayment behaviour directly influences your CIBIL score. Timely EMI payments improve your credit score and reflect responsible credit management. Delays or missed payments negatively affect your score and can reduce your eligibility for future loans.

A personal loan of ₹9,000 is ideal for covering small, urgent expenses without using your savings. You can use it for various personal needs, as listed below:

• Medical Bills

Unexpected health expenses such as doctor consultations, medicines, or minor procedures can be managed with this loan. The ₹9,000 loan allows you to get timely treatment without financial stress.

• Home Repairs

Small repairs including plumbing fixes, electrical work, or essential home maintenance can be covered with a ₹9,000 loan. This loan amount helps keep your home in good condition without affecting your savings.

• Paying Utility Bills

Pending electricity, water, or internet bills may result in service interruptions. This loan enables you to clear overdue bills and maintain continuous access to daily services.

• Education Expenses

Whether it involves tuition fees, books, or fees for an online course, a ₹9,000 loan helps meet these costs.

• Emergency Travel

Urgent travel for personal or medical reasons can incur high costs. This loan covers last-minute ticket bookings or travel-related expenses when you face a cash shortage.

• Clearing Small Debts

Use this loan to clear short-term debts like credit card dues.

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