Learn how to apply for a 2-year personal loan online at Bajaj Markets, where you can compare across multiple lenders.
Loan tenure plays a crucial role in financial planning, as it impacts your monthly EMI, total interest outgo, and overall repayment timeline. A 2-year personal loan is ideal if you prefer quicker repayment with moderate EMIs and lower interest costs.
A personal loan EMI calculator is a convenient online tool that helps you estimate your monthly instalments based on the loan amount, interest rate, and repayment tenure. It simplifies financial planning by giving a clear picture of your monthly instalments.
To use the calculator, follow these steps:
Enter the loan amount you plan to borrow
Provide the interest rate (for example, 9.99% p.a.) to get an estimate
Choose the repayment tenure (such as 24 months or 2 years)
Click on ‘Calculate Now’ to view your EMI, total interest payable, and overall repayment amount
Example
For a personal loan of ₹10 Lakhs at an interest rate of 9.99% p.a. with a tenure of 2 years, the calculator shows the following information:
EMI: ₹46,140
Total Interest Payable: ₹1,07,367
Total Repayment (Principal + Interest): ₹11,07,367
This calculation provides a clear understanding of your repayment obligations, helping you plan your finances with confidence.
Check out the details of the personal loans for 2 years from the lenders available on Bajaj Markets:
Particulars | Details |
---|---|
Minimum Loan Amount |
₹5,000 |
Maximum Loan Amount |
₹55 Lakhs |
Starting Interest Rate |
9.99% p.a. |
Number of Partners Available |
20 |
Disclaimer: The details mentioned are subject to change at the lender’s discretion.
You can apply for a personal loan of up to ₹55 Lakhs on Bajaj Markets, allowing you to meet large financial requirements.
The shorter repayment period results in lower total interest outgo compared to long-term loans. This helps you save money over time.
You can repay the loan quickly and reduce your debt burden within a manageable period of 2 years.
Bajaj Markets provides a streamlined online application process with limited documentation requirements and chances of fast approval.
Check the table below for interest rates, loan amounts, tenures, and processing fees offered by top lenders for a 2-year personal loan on Bajaj Markets:
Available Offerings | Max. Loan Amount | Min. Interest Rate | Max. Tenure | Processing Fee |
---|---|---|---|---|
Privo (Credit Saison) Personal Loan |
₹5 Lakhs |
9.99% p.a. |
60 months |
1% to 3% of the loan amount |
Bajaj Finance Personal Loan |
₹55 Lakhs |
10% p.a. |
96 months |
Up to 3.93% of the loan amount |
Kotak Mahindra Bank Personal Loan |
₹40 Lakhs |
10.99% p.a. |
72 months |
Up to 1.10% - 1.50% of the loan amount + GST |
L&T Finance Personal Loan |
₹15 Lakhs |
12% p.a. |
48 months |
Up to 3% of the loan amount |
KreditBee Personal Loan |
₹10 Lakhs |
12% p.a. |
60 months |
Up to 5.1% of the loan amount |
SMFG India Credit Personal Loan |
₹25 Lakhs |
12% p.a. |
60 months |
0% to 6% of the loan amount |
Freo (Formerly MoneyTap) Personal Loan |
₹5 Lakhs |
12% p.a. |
36 months |
1% onwards |
YES BANK Personal Loan |
₹50 Lakhs |
12.50% p.a. |
72 months |
1.15% to 2.75% of the loan amount |
Federal Bank Personal Loan |
₹5 Lakhs |
12.75% p.a. |
48 months |
2% to 3% of the loan amount |
Aditya Birla Capital Personal Loan |
₹7 Lakhs |
13.50% p.a. |
60 months |
Up to 4% of the loan amount |
PaySense Personal Loan |
₹5 Lakhs |
14% p.a. |
60 months |
2% to 2.5% of the loan amount or ₹500 (whichever is higher) |
Fibe Personal Loan |
₹5 Lakhs |
14% p.a. |
36 months |
Up to 2% of the loan amount |
Kissht Personal Loan |
₹4 Lakhs |
14% p.a. |
24 months |
3% to 5% of the loan amount |
Muthoot Finance Personal Loan |
₹10 Lakhs |
14.50% 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 |
InCred Personal Loan |
16% p.a. |
60 months |
2% to 5% of the loan amount |
Moneyview Personal Loan |
₹10 Lakhs |
1.33% p.m. |
60 months |
Starts from 2% of the loan amount |
Piramal Finance Personal Loan |
₹6 Lakhs |
17.25% p.a. |
60 months |
1.5% to 4.5% of the 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 |
Disclaimer: The details mentioned are subject to change at the lender’s discretion.
Check out the approximate EMIs for different loan amounts at an interest rate of 9.99% p.a. for a 2-year tenure:
Loan Amount | Interest Rate | EMI Amount for a 2-Year Tenure |
---|---|---|
₹1 Lakh |
9.99% p.a. |
₹4,614 |
₹2 Lakhs |
9.99% p.a. |
₹9,228 |
₹5 Lakhs |
9.99% p.a. |
₹23,070 |
₹10 Lakhs |
9.99% p.a. |
₹46,140 |
₹25 Lakhs |
9.99% p.a. |
₹1,15,350 |
₹50 Lakhs |
9.99% p.a. |
₹2,30,701 |
Disclaimer: The calculation of EMI is for illustration purposes only. Actual figures may vary depending on the loan terms.
To apply for a personal loan with a tenure of 2 years on Bajaj Markets, you need to meet certain eligibility criteria. These include:
Nationality: Indian citizenship
Age: Minimum age of 18 years
Employment: Salaried employee or self-employed individual
Work Experience: Minimum work experience of 6 months
Income: A minimum monthly income of ₹9,000 is required
Here is a list of necessary documents you would require when applying for a 2-year personal loan:
Document Type | Accepted Documents |
---|---|
Identity Proof (Any one) |
Aadhaar Card, PAN Card, Voter ID, Passport, Driving Licence |
Address Proof (Any one) |
Aadhaar Card, Passport, Voter ID, Driving Licence, Telephone Bill, Electricity Bill |
Income Proof (Any one) |
Last 3 Months’ Bank Statements or Salary Slips |
Bajaj Markets allows you to apply for a 2-year loan quickly and without any hassle. Follow these steps to get quick approval and funds within minutes:
1. Click on the ‘Apply For Loan’ option
2. Select your profession and enter your mobile number and PIN code
3. Accept the terms and conditions after reading carefully
4. Click on the ‘Proceed’ button
5. Enter or choose the following details as required:
PAN
Name as per PAN card
Date of birth
Employer category
Employer/company name
Net monthly salary
Email ID
Gender
Salary credit mode (Bank or Cash)
6. Click on the ‘Submit’ button
7. Review and select loan offers based on your eligibility
8. Add additional details if needed
After you submit the application, an executive will contact you to take the process forward. The loan is then subject to verification and approval by the lender. Once approved, the funds are disbursed to your bank account.
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Yes, personal loans with a 2-year tenure are available on Bajaj Markets. They are ideal if you are looking for a short-term repayment period with manageable EMIs.
Yes, a 2-year personal loan is a short-term loan. It comes with higher EMIs but helps save on total interest compared to long-term loans.
You can calculate the EMI for a 2-year loan using an online personal loan EMI calculator by entering the loan amount, interest rate, and tenure. The calculator will instantly show your monthly EMI, total interest payable, and total repayment amount.
The EMI for a loan depends on factors like the loan amount, interest rate, and tenure. For a personal loan of ₹5,000 loan for 2 years, the EMI at an interest rate of 14% p.a. would be approximately ₹240. The EMI can vary significantly based on changes in the interest rate and loan tenure.