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. You can apply for personal loans and enjoy competitive interest rates, quick application processing, and minimal formalities all 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

Attractive interest rates make this loan an affordable loan option. Choose from a range of partner lenders to find the best deal for yourself.

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 ₹5 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

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

Kissht

₹4 Lakhs

14.00% p.a.

    24 months


3% to 5% of the loan amount

Privo (Credit Saison)

  ₹5 Lakhs

9.99% p.a

  60 months

1% to 3% of the loan amount + GST

Zype

  ₹5 Lakhs

18.00% 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

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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 up to 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 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

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:

  1. Click on the 'Check Eligibility' option to begin the process

  2. Fill in your basic personal details in the online application form

  3. Enter the loan amount and select your preferred repayment tenure

  4. Submit the application form for verification

After accepting the offer, you will receive the funds in your bank account.

Frequently Asked Questions

Can you get a personal loan for 6 months?

Yes, you can apply for a personal loan for a tenure up to 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 ₹5 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, at least 18 years old 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 for personal loans of tenure up to 6 months depend on the lender’s policies. On Bajaj Markets, you can explore lenders that offer affordable interest rates.

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.

Can I extend my time for repayment?

Yes, you may be able to extend the repayment tenure of a personal loan in some cases. Note that this depends on the lender's terms and conditions.

Does my 6-month personal loan affect my credit score?

Yes, repaying a short-term loan on time can improve your credit score. However, defaulting on repayments can negatively impact it.

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