Get Personal Loan for 6 Months - Check EMIs & Interest Rates

Salaried Individuals - Check your Loan eligibility!

Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

To meet your immediate financial needs, personal loans are one of the most effective solutions. A 6-month loan is an excellent option to address various short-term financial needs without delays.

One key benefit of a short-term loan is that it allows you to pay off the debt quickly. Getting a personal loan of up to ₹50 Lakhs with an interest rate starting from 9.99% p.a. is simple on Bajaj Markets.

Features and Benefits

A 6-month loan offers several advantages, including fast approval and no collateral requirement. Here is an in-depth look:

Competitive Interest Rates

Starting interest rates are as low as 9.99% per annum, making this loan an affordable loan option.

Variety of Options

On Bajaj Markets, you can explore multiple lenders, allowing you to select the loan offer and terms that best fit your needs.

Ample Amount

Access loans of up to ₹50 Lakhs to address various expenses with ease while enjoying fast approval and immediate disbursal.

Flexible Use of Loan Amount

There are no restrictions on how you can use the loan, giving you the freedom to meet various needs.

No Collateral Required

You do not need to pledge any valuable assets like gold or property to secure the loan, making it more accessible.

Smooth Online Application

You can complete the entire application process online through the platform from the comfort of your home.

Minimal Documentation

The documentation required is minimal, and you can attach them online, ensuring a hassle-free experience.

Interest Rates and Charges of Lenders Offering Personal Loans for 6 Months

You can select a personal loan from various partner lenders offering competitive terms through Bajaj Markets. Review the processing fees associated with these loans to make an informed decision. Here are the details:

Partner Name	Min Interest Rate	Max Tenure	Processing Fee
Bajaj Finance Limited	10% p.a.	96 months	Up to 3.93% of the loan amount
CASHe	2.79% p.m.	18 months	Up to 5.5% of the personal loan amount + GST
Federal Bank	11% p.a.	48 months	0.70% to 2.80% of the loan amount + 18% GST
Fibe	14% p.a.	36 months	Up to 2% of the loan amount
Finnable	15.95% p.a.	60 months	Up to 3% of total loan amount
IIFL Finance	18% p.a.	42 months	2% to 6% of the loan amount + GST
InCred	16% p.a.	60 months	2%-5% on the sanctioned amount
Kissht	14% p.a.	24 months	3% - 5% of the loan amount
Kotak Mahindra Bank	10.99% p.a.	72 months	Up to 1.10% - 1.50% of the loan amount + GST
KreditBee	14% p.a.	24 months	Up to 3% of the loan amount
L&T Finance	12% p.a.	48 months	Up to 2% of loan amount + GST
MoneyTap	18% p.a.	36 months	5% to 10% of the loan amount
moneyview	1.33% p.m.	60 months	Starting from 2% of the approved loan amount
mPokket	24% p.a.	90 days	₹50 to ₹200 + 18% GST (depending on the loan amount with a maximum APR of 48%)
Muthoot Finance	14.50% p.a.	60 months	2% to 4% of the loan amount
Olyv	18% p.a.	12 months	2% - 12% of the loan amount
PaySense Partners	15% p.a.	60 months	2% - 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)
Privo	9.99% p.a.	60 months	1%-3% of the loan amount +GST
SMFG India Credit	12% p.a.	60 months	0% - 6% of the loan amount
Upwards	18% p.a.	36 months	Up to 4% of the loan amount
YES BANK	12.50% p.a.	72 months	Up to 2.75% of the loan amount
Zype	18% p.a.	12 months	2% to 6% of the loan amount

Disclaimer: The above-mentioned information is subject to change as per changes in issuers’ policies.

EMI Calculator for a 6-Month Personal Loan

Loan Amount

Tenure

Rate of Interest

Your Monthly Personal Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

Download

Year	Payable Amount	Principal	Interest	Balance

Reasons to Opt For a 6-Month Personal Loan

Getting a loan with a shorter repayment tenure comes with a range of benefits. Check out some of these below:

Quick Access to Funds

With a short-term 6-month loan, you can gain quicker access to funds in your account. Unlike the traditional process, your loan is approved within minutes with fewer documents and an online process.

Become Debt-Free Sooner

Since the loan tenure is just 6 months, you do not have to commit to a longer repayment period. This will help you clear the debt quickly.

Improved Credit Score

Timely EMI payments can boost your credit score, showcasing responsible payment history and improving your creditworthiness.

Eligibility Criteria

To apply for a personal loan through Bajaj Markets, you need to meet the eligibility requirements for age, income, nationality, and other factors. These include:

You must hold an Indian citizenship
You must be aged above 18 years
You can either be a salaried employee or a self-employed individual
You must have at least 1 year of work experience
Your monthly salary must be a minimum of ₹10,000
Your CIBIL score must be 600 or more

Documents Required

Make sure to provide the necessary documents to apply for the loan. These include:

Identity Proof: PAN Card, Aadhaar card, passport, voter ID, driving licence
Address Proof: Voter ID, Aadhaar card, driving licence, passport, telephone bill, electricity bill
Income Proof: Last 3 months’ salary slip or bank statements
Photographs: 2 passport-size photographs

How to Apply for a Personal Loan on Bajaj Markets

Applying for a 6-month loan online on Bajaj Markets is easy. You can do so on the website within minutes. Here is how:

Head over to the website and go to the 'Loans' section
Select 'Personal Loan' from the list of loan types
Hit 'Check Offers' to browse through the available loan options
Enter your profession, mobile number, and pincode for verification
Complete the verification steps, review your personalised loan offers, and pick the one that fits your needs

Can you get a personal loan for 6 months?

Yes, you can apply for a personal loan for 6 months through Bajaj Markets and address various financial needs conveniently. Ensure you meet the eligibility criteria and submit the required documents to get approval.

What is the maximum loan one can get for a 6-month tenure?

You can obtain a loan of up to ₹50 Lakhs through Bajaj Markets. Explore various lenders and choose a suitable one.

Who can apply for a personal loan for 6 months?

To apply, you must be an Indian citizen and at least 18 years old. Your monthly salary should be a minimum of ₹10,000, and your CIBIL score must be 600 or higher. Check the requirements in detail on Bajaj Markets.

Do 6-month personal loans have higher interest rates?

The interest rates depend on the lender’s policies. On Bajaj Markets, you can explore lenders that offer affordable interest rates starting from 9.99% per annum.

Can a person with negative credit apply for a 6-month personal loan?

Most lenders require a good credit score of 600 or above for personal loans. If you have a lower score, consider applying with a co-applicant or guarantor to increase the likelihood of approval.