BAJAJ FINSERV DIRECT LIMITED

₹90,000 Personal Loan

With Bajaj Markets, you can explore personal loan options of ₹90,000 from a diverse network of trusted lenders. Interest rates start as low as 10.99% p.a., and repayment tenures extend up to 72 months. These unsecured loans require no collateral, and the digital application process ensures quick approvals and minimal documentation.

Your Personal Loan EMI
₹ 1,713
Total Interest Amount
₹ 33,308
Principal Amount
₹ 90,000
Total Payable Amount
₹ 1,23,308
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. 

 

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

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Overview

A personal loan of ₹90,000 is a practical solution for managing urgent personal expenses, with no restrictions on how the funds are used. You can use this loan for various purposes without pledging any collateral.

For example, a ₹90,000 loan with a tenure of 6 years at an annual interest rate of 10.99% results in an approximate EMI of ₹1,667. The total interest paid over the tenure would be around ₹30,047. 

Opting for a shorter tenure of 1 year increases the EMI to approximately ₹7,912 but reduces the total interest to ₹4,949

This loan offers flexible repayment options and ensures quick disbursal. With straightforward eligibility criteria and minimal documentation, it provides timely access to funds without putting strain on your financial stability.

Compare ₹90,000 Personal Loan Interest Rates by Various Banks & NBFCs

Several banks and financial institutions offer personal loans of ₹90,000 without requiring any collateral. Here is an overview of the lenders, along with the tenure and interest rates they offer, to provide a clear understanding: 

Available Offerings

Max. Loan Amount

Min. Interest Rate

Max. Tenure

Processing Fee

CASHe (Bhanix Finance) Personal Loan

₹3 Lakhs

2.79% p.m.

18 Months

Up to 5.5% of the loan amount + GST

Kotak Mahindra Bank Personal Loan

₹40 Lakhs

10.99% p.a.

72 Months

Up to 1.50% of the loan amount + GST

SMFG India Credit Personal Loan

₹25 Lakhs

12% p.a.

60 Months

0% to 6% of the loan amount

L&T Finance Personal Loan

₹15 Lakhs

12% p.a.

48 Months

Up to 3% of the loan amount + GST

Federal Bank Personal Loan

₹5 Lakhs

12.75% p.a.

48 Months

2% to 3% of the loan amount + 18% GST

Fibe Personal Loan

₹5 Lakhs

14% p.a.

36 Months

Up to 2% of the loan amount

KreditBee Personal Loan

₹5 Lakhs

14% p.a.

24 Months

Up to 3% of the loan amount

PaySense Personal Loan

₹5 Lakhs

14% p.a.

60 Months

2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)

Kissht Personal Loan

₹4 Lakhs

14% p.a.

24 Months

3% to 5% of the loan amount

Muthoot Finance Personal Loan

₹10 Lakhs

14.5% p.a.

60 Months

2% to 4% of the loan amount

Finnable Personal Loan

₹10 Lakhs

15.95% p.a.

60 Months

Up to 3% of the loan amount

InCred Personal Loan

₹10 Lakhs

16% p.a. 

60 Months

2% to 5% of the sanctioned amount

Moneyview Personal Loan

₹10 Lakhs

16% p.a. (1.33% p.m.)

60 Months

Starts from 2% of the approved loan amount

Upwards Personal Loan

₹5 Lakhs

18% p.a.

36 Months

Up to 4% of the loan amount

IIFL Finance Personal Loan

₹5 Lakhs

18% p.a.

42 Months

2% to 6% of the loan amount + GST

Freo Personal Loan

₹5 Lakhs

18% p.a.

36 Months

5% to 10% of the loan amount

Olyv

₹1 Lakh

18% p.a.

12 Months

2% to 12% of the loan amount

Zype Personal Loan

₹5 Lakhs

18% 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.

₹90,000 Personal Loan EMI for Different Tenures

Suppose you take a personal loan of ₹90,000 at an annual interest rate of 10.99%. Your repayment details will depend on the tenure you choose. Here is what you need to know:

Tenure

EMI Amount

Interest Rate

Total Interest Payable

Total Repayment Cost

₹90,000 Loan for 1 Year  

₹7,912

10.99% p.a.

₹4,949

₹94,949

₹90,000 Loan for 3 Years 

₹2,904

10.99% p.a.

₹14,545

₹1,04,545

₹90,000 Loan for 5 Years  

₹1,912

10.99% p.a.

₹24,734

₹1,14,734

₹90,000 Loan for 8 Years  

₹1,365

10.99% p.a.

₹41,104

₹1,31,104

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 ₹90,000 Available on Bajaj Markets

When you take an instant personal loan, you will also need to pay additional charges. 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.

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, when you borrow ₹90,000 from Bajaj Markets at an annual interest rate of 10% for 50 months, your EMI will be ₹2,208. The total interest paid will be ₹20,417, resulting in a total repayment amount of ₹1,10,417.

Eligibility & Documents for a Personal Loan of ₹90,000

Before applying for a personal loan of ₹90,000, make sure to check the eligibility criteria listed below.

  1. You must be salaried or self-employed

  2. The minimum age requirement is 18 years or above

  3. Your monthly income should be at least ₹10,000

  4. A minimum of 1 year of continuous work experience is necessary

  5. CIBIL score should be 600 or above

To apply for a ₹90,000 personal loan, you will also need to submit the essential documents listed below.

Identity Proof (any one)

Address Proof (any one)

Income Proof (any one)

PAN Card Aadhaar Card Bank statement
Aadhaar Card Voter ID Salary slips for the last 3 months
Voter ID Passport  
Passport Driving Licence  
Driving Licence Electricity Bill  
  Telephone Bill  

How to Apply for a Personal Loan of ₹90,000

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.

Amortisation Table for a Personal Loan of ₹90,000

Suppose you take a loan of ₹90,000 at an interest rate of 10% with a tenure of 6 months. The amortisation breakdown is as follows:

Month

Payable Amount

Principal

Interest

Balance

Month 1

₹15,441

₹14,691

₹750

₹75,309

Month 2

₹15,441

₹14,813

₹628

₹60,497

Month 3

₹15,441

₹14,936

₹504

₹45,560

Month 4

₹15,441

₹15,061

₹380

₹30,499

Month 5

₹15,441

₹15,186

₹254

₹15,313

Month 6

₹15,441

₹15,313

₹128

₹0

Disclaimer: 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

Taking an instant personal loan can impact your CIBIL score in different ways. Here is how:

  • Pre-approval Impact

Pre-approval requires a credit report review by the issuer, known as a hard inquiry. Applying multiple times in a short period, especially when not meeting eligibility criteria, results in several hard inquiries and possible rejections. This can lower your CIBIL score. 

  • Post-approval Impact

Once the loan is approved, it presents an opportunity to improve your CIBIL score. Timely repayments help build a positive credit history, enhancing your overall credit profile. A strong credit report increases the chances of obtaining loans with favourable terms.

Uses of a Personal Loan of ₹90,000

A personal loan of up to ₹90,000 can help you manage various expenses, as Bajaj Markets loan partners do not impose restrictions on its usage. Here is how you can utilise it:

  • Sudden Travel Plans

Whether it is a long-anticipated holiday or an urgent trip, travel expenses can accumulate quickly. A personal loan covers various costs, such as flights, accommodation, and other related expenditures, ensuring a stress-free journey.

  • Home Renovation

Renovating your home or purchasing new furniture requires adequate funding. A personal loan offers the financial support needed to carry out these improvements conveniently.

  • Medical Emergencies

Unexpected health issues can lead to high expenses. A ₹90,000 personal loan lets you manage these costs without immediate financial strain.

  • Covering Wedding Expenses

Weddings often involve considerable costs, including venue bookings, decorations, attire, and catering. A personal loan helps cover these expenses, reducing pressure on your savings.

Disclaimer

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

90000 Personal Loan
How can I apply for a personal loan of ₹90,000?

You can apply for a personal loan with a wide range of lenders through Bajaj Markets. Applying through this platform ensures a hassle-free experience with minimal paperwork and a fast, streamlined online process.

Yes, you can get an instant personal loan of ₹90,000 from Bajaj Markets without providing any collateral.

Yes, personal loans usually come with no restrictions on end usage. You can use the amount for any financial need, including paying for your higher education.

The interest rate depends on the policies of the lender you choose, as well as your financial profile. You can secure a ₹90,000 loan through Bajaj Markets at an interest rate starting from 10.99% per annum.

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