Personal Loan for 7 Years

A personal loan with a tenure of 7 years can help you manage your long-term financial needs with ease. On Bajaj Markets, you could enjoy repayment tenures of up to 96 months, interest rates starting as low as 9.99% p.a., and access loan amounts of up to ₹50 Lakhs. 

These features make it a convenient and flexible financing option for various expenses, whether it’s for medical needs, home renovations, or debt consolidation. With a streamlined application process and competitive rates, enjoy a hassle-free borrowing experience.

Here is a summary of the interest rates and charges applicable to seven-year personal loans available from various lenders on Bajaj Markets:

Note: Visit Bajaj Markets to explore other personal loan options with flexible tenures ranging between 3 months to 96 months.

Disclaimer: The details mentioned are subject to change at the lender’s discretion.

An EMI calculator helps you estimate your monthly repayment amount for a 7-year personal loan. It simplifies financial planning by giving you an accurate breakdown of your EMIs based on the loan amount, tenure, and interest rate. You can easily use the EMI calculator on Bajaj Markets by following these steps:

1. Go to the Personal Loan EMI Calculator

2. Enter the loan amount you wish to borrow in the designated field

3. Select 7 years (84 months) as your loan tenure using the slider or input box

4. Enter the applicable interest rate offered by the lender

5. Instantly view the detailed breakdown, including your EMI amount, total interest payable, principal amount, and total repayment amount

This easy-to-use tool helps you plan your repayments and manage your finances effectively.

Before applying for a personal loan online, ensure you meet the following eligibility criteria:

• You must be an Indian citizen

• Your age should be above 18 years

• You should be salaried or self-employed

• Your monthly income should be at least ₹10,000

• You need a minimum of 1 year of work experience

• Your CIBIL score should be 600 or higher

To apply for a personal loan, you need to submit a few essential documents. Here is the list of documents you may be asked to provide:

Identity Proof 

• PAN Card

• Aadhaar Card

• Voter ID

• Passport

• Driving Licence

Address Proof 

• Aadhaar Card

• Voter ID

• Passport

• Driving License

• Electricity bill

• Telephone bill

Income Proof 

• Bank statements 

• Salary slips for the last 3 months

Photo

• Two passport-size photographs

Applying for a personal loan is simple and hassle-free. Follow these steps:

1. Select the ‘Check Offers’ option on the platform

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

3. Choose your desired loan amount and repayment tenure

4. Submit the form for verification

A representative will contact you to guide you through the next steps of the application process.