Compare different lenders for a 5-month loan and make a well-informed borrowing decision for your short-term financial needs.
A loan for a tenure of up to 5 months is a practical solution for addressing temporary financial needs that require immediate attention. Whether it is paying for an emergency medical bill, helping with wedding costs, or covering last-minute travel plans, it gives you quick access to the funds you need.
With manageable repayment terms, it allows you to meet urgent needs without the burden of long-term debt. On Bajaj Markets, you can explore and compare various lenders providing short-term personal loans. Check their interest rates and other charges to choose the option that best suits your needs.
Bajaj Markets offers a broad selection of loans, each with distinct features and benefits. This variety ensures you can find the loan that meets your needs. The entire process, from application to processing and repayment, is designed to be convenient.
Read MoreHere are the advantages you can expect with a loan for a tenure of up to 5 months:
Read LessOnce you fulfil all the eligibility requirements, you may borrow up to ₹5 Lakhs instantly, based on factors like credit score, income, etc.
The interest rates for a personal loan on Bajaj Markets are competitive and affordable. Choose from a range of partner lenders to find the best option for yourself.
One of the major advantages of a personal loan is that there are no restrictions on how you can use the funds.
Personal loans are typically unsecured, meaning you do not have to put up any assets like your home or car as collateral.
The loan application process is entirely digital with a user-friendly interface, allowing you to apply from the comfort of your home.
You will not encounter hidden fees or surprise charges, as all terms and conditions are clearly outlined from the start, giving you peace of mind.
Different lenders available on Bajaj Markets have varying interest rates and charges. Refer to the table below to know the interest charges, processing fees, and other details:
Partner Name |
Max Loan Amount |
Min Interest Rate |
Max Tenure |
Processing Fee |
MoneyTap |
₹5 Lakhs |
18.00% p.a. |
36 months |
5% to 10% of the loan amount |
Olyv |
₹1 Lakh |
18.00% p.a. |
12 months |
2% to 12% of the loan amount |
Disclaimer: The above-mentioned information is subject to change as per changes in issuers’ policies.
Emergencies can strike without warning. Often, quick access to funds is the solution to address urgent situations. Personal loans with short tenures are ideal as you can repay them fast and use them without restrictions.
You can use the loan amount for various needs, including:
Fund unexpected wedding expenses to ensure a smooth celebration without financial strain.
Secure funds swiftly for holiday or business trips and take care of travel costs without delays or disruptions.
Combine multiple debts and repay them affordably with the loan and simplify your finances.
Cover urgent medical costs without worry and get the necessary treatment without stressing over funds.
Address car or home issues quickly and resolve critical repairs without postponing important fixes.
Purchase items like bikes or shop for other big-ticket products to fulfil your personal desires without impacting your savings.
Check these eligibility criteria quickly before you apply for a personal loan via Bajaj Markets:
You must be a citizen of India
Your CIBIL score must be 600 or higher
You should be at least 18 years old
You need to be either salaried or self-employed
You should have at least 1 year of work experience
After meeting the eligibility criteria, you also need some documents to apply for the loan. These include:
Identity Proof: Aadhaar card, PAN card, voter ID, passport, driving licence
Address Proof: Aadhaar card, passport, voter ID, driving licence, telephone bill, electricity bill
Follow these quick and easy steps to apply for a personal loan through Bajaj Markets:
Click on the 'Check Eligibility' option to begin the process
Fill in your basic personal details in the online application form
Enter the loan amount and select your preferred repayment tenure
Submit the application form for verification
After accepting the offer, you will receive the funds in your bank account.
Yes, you can obtain a short-term loan with up to 5-month tenure from various lenders through Bajaj Markets.
Start by checking the eligibility criteria and then applying for the loan on the platform. The disbursal process is usually quick, but delays may occur if the submitted documents are incomplete or incorrect.
For up to 5-month tenure, you can secure a loan of up to ₹5 Lakhs via Bajaj Markets. The exact loan amount depends on factors such as your age, income, CIBIL score, and overall financial profile.
Short-term loans are generally easier to get approved for because they pose less risk to the lender, making them an excellent option for covering urgent financial needs. However, keep in mind that the shorter term typically comes with higher monthly payments. Review the EMI amount carefully to ensure it fits your budget and financial plans.
It is helpful to calculate your EMI before applying for the loan to understand your future financial commitment. You can use the personal loan EMI calculator on Bajaj Markets for free. Add in the loan amount, interest rate, and tenure to compute EMIs and change the terms as many times as needed.