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Avail Instant Personal Loans ✓ Loan up to 55 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

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 up to 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 funds 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 up to 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 ₹5 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.

Interest Rates and Charges of Lenders Offering a Personal Loan for 7 Months

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

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 7-Month Personal Loan

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Reasons to Opt for 7-Month Personal Loans

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  up to 7 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.

Eligibility Criteria

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

  • You have to have at least 1 year of work experience

  • You must have a CIBIL score of 600 or higher

Documents Required

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

How to Apply for a Personal Loan on Bajaj Markets

Acquiring funds online is straightforward in the modern financial market. Follow these easy steps to apply for a personal loan on Bajaj Markets:

  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

  5. Once you accept the offer, 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 ₹5 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.

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