Get a 7-month personal loan and benefit from fast approval, minimal formalities, and competitive interest rates to fit your budget.
Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
A 7-month personal loan is a great option when you need quick financial help to tackle immediate expenses. With a short-term loan of just 7 months, you can access the funds you need without committing to a long-term repayment plan. This loan offers both flexibility and convenience.
Whether you are facing a medical emergency or need funds for urgent expenses, this short-term loan is designed to meet your needs. Borrow up to ₹50 Lakhs from Bajaj Markets and enjoy competitive interest rates and a convenient application process.
Features and Benefits
The short-term personal loan comes with several benefits, making it a great borrowing option. Below are some features and benefits:
No Need for Security
These short-term loans are usually unsecured, meaning you do not need to provide any collateral to secure the loan. This reduces the risk of losing valuable assets.
Competitive Interest Rates
Benefit from competitive interest rates on personal loans for 7 months, with options starting from 9.99% p.a. from various trusted partner lenders on Bajaj Markets.
High Loan Amount
Through Bajaj Markets, you can access loan amounts of up to ₹50 Lakhs with quick approval and disbursal to meet your urgent financial needs.
Easy Application Process
The simple application process and minimal documentation make it easier to get your loan approved, which is ideal for urgent financial requirements.
Flexible Usage of Funds
Use the loan for various purposes, such as managing unexpected expenses, consolidating debt, or funding small business operations.
Zero Hidden Charges
Bajaj Markets ensures a completely transparent process with no hidden or undisclosed fees, giving you peace of mind throughout your loan journey.
You can take a 7-month loan from various partners on Bajaj Markets at competitive interest rates. Here is a list of partner lenders and the loan terms in detail:
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.
A 7-month personal loan offers several advantages, making it an excellent choice for managing financial requirements. Here are the key reasons to consider this loan:
Quick Repayment
The short repayment period allows you to pay off the loan faster, helping you regain financial stability.
Can Potentially Boost Your Credit Score
By repaying the loan on time, you can improve your credit score, which may make it easier to qualify for credit in the future.
Lower Interest Costs
A shorter repayment tenure of 6 months means you will be paying less interest as compared to what you would need to pay over a longer one.
Quick Access to Funds
With a short loan term and a reasonable loan amount, you can typically get funds quickly and with minimal effort.
Here is a list of eligibility requirements you need to meet before applying for 7-month loan online via Bajaj Markets:
You need to be an Indian citizen
You have to be either salaried or self-employed
Your age needs to be above 18 years
Your minimum monthly income must be at least ₹10,000
You have to have at least 1 year of work experience
You must have a CIBIL score of 600 or higher
After meeting the eligibility criteria, you need to provide the following documents to apply for a 7-month personal loan:
Identity Proof (Choose One):
PAN card
Aadhaar card
Voter ID
Passport
Driving licence
Address Proof (Choose One)
Voter ID
Aadhaar card
Passport
Driving licence
Electricity bill
Telephone bill
Income Proof
Bank statements for the last 3 months
Salary slips for the last 3 months
Additional Documents
2 passport-size photographs
Acquiring funds online is straightforward in the modern financial market. Follow these easy steps to apply for a personal loan on Bajaj Markets:
On the official website, select the ‘Personal Loan’ category
Click on ‘Check Offers'
Enter details like your profession, mobile number, and pincode
Verify your information, browse the loan options, and pick the one that fits your needs
Once you confirm your choice, the funds will be credited to your bank account
Frequently Asked Questions
Can you get a personal loan for 7 months?
Yes, you can get a personal loan for 7 months with competitive interest rates starting from 9.99% per annum. These loans are ideal for emergencies or meeting unexpected expenses. You can apply for the loan through Bajaj Markets.
What is the maximum loan one can get for a 7-month tenure?
With Bajaj Markets, you can get a personal loan of up to ₹50 Lakhs for a 7-month tenure. The loan amount approved will depend on factors like your income, credit score, and other criteria.
Can I use the loan amount for multiple purposes?
Yes, a short-term personal loan offers flexible end-use options. You can use the funds for various purposes, such as medical expenses, home renovations, education expenses, and more.
Can I get a personal loan with a low CIBIL score?
Getting a personal loan with a low CIBIL score can be difficult. However, you may consider secured loans, where you pledge assets to secure the loan, increasing your chances of approval.
