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BAJAJ FINSERV DIRECT LIMITED

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

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Personal Loan for 7 Years

Get a 7-year personal loan at competitive interest rates with simple documentation and a quick application process.

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A personal loan with a tenure of 7 years can help you manage your long-term financial needs with ease. A longer tenure balances affordability with long-term financial goals. A 7-year personal loan provides useful financial flexibility, enabling convenient repayment via affordable EMIs.

On Bajaj Markets, you can get a personal loan with a 7-year tenure easily. With interest rates starting as low as 10% p.a., you can access loan amounts of up to ₹55 Lakhs.

EMI Calculator for a 7-Year Personal Loan

Your Personal Loan EMI

₹ 1,517

Total Interest Amount

₹ 45,672

Principal Amount

₹ 1,00,000

Total Payable Amount

₹ 1,45,672

Loan Amount

Interest Rate

- +

Tenure

- +

Calculate Now

You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets.

An EMI calculator for a 7-year personal loan is an online tool that helps you estimate your monthly repayments. By entering details such as the loan amount, interest rate, and tenure, you can instantly view the EMI, total interest payable, and overall repayment amount.

This enables better financial planning, easier comparison of loan offers, and alignment of EMIs with your budget.

Personal Loan Details for 7 Years

A 7-year personal loan provides a practical option for managing substantial and long-term financial commitments. On Bajaj Markets, you can access a personal loan with a 7-year tenure along with detailed information about rates, EMIs, and repayment terms:

Particulars	Details
Maximum Loan Amount	₹55 Lakhs
Minimum Loan Amount	₹40,000
Starting Interest Rate	10.00% p.a.
Number of Partners Available	1

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

Key Features and Benefits of a 7-Year Personal Loan

Lower EMIs

A 7-year personal loan spreads repayments over a longer tenure, reducing your monthly EMI obligations

Longer Repayment Tenures

With a tenure of up to 84 months, you can manage other financial commitments more comfortably

Quick Disbursal

Funds can be credited to your bank account within minutes of application approval

Attractive Interest Rates

The partner lenders on Bajaj Markets offer attractive rates, making the borrowing affordable

Interest Rates and Charges of Lenders Offering Personal Loans For 7 Years

A lower interest rate leads to more affordable EMIs and reduces the overall cost of the loan. Here are the details of the lender offering a 7-year personal loan via Bajaj Markets:

Available Offerings	Max. Loan Amount	Min. Interest Rate	Max. Tenure	Processing Fee
Bajaj Finance Personal Loan	₹55 Lakhs	10% p.a.	96 months	Up to 3.93% of the loan amount (Inclusive of applicable taxes)

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

Personal Loan EMIs for 7 Years for Different Amounts

You can use the personal loan EMI calculator available on Bajaj Markets to get an idea of the repayment structure. Here is a sample calculation of a 7-year personal loan at an annual interest rate of 10% for various loan amounts:

Loan Amount	Interest Rate	EMI for a 7-Year Tenure
₹10 Lakhs	10% p.a.	₹16,601
₹20 Lakhs	10% p.a.	₹33,202
₹30 Lakhs	10% p.a.	₹49,803
₹40 Lakhs	10% p.a.	₹66,404
₹50 Lakhs	10% p.a.	₹83,005

Disclaimer: The calculation of EMI is for illustration purposes only. Actual figures may vary depending on the loan terms.

Eligibility Criteria for a 7-Year Personal Loan

Eligibility criteria for a 7-year personal loan through Bajaj Markets include:

Nationality: You need to be an Indian citizen
Age: You need to be at between the age bracket of 21 and 66 years
Employment: You need to be a salaried employee of a public or private company, or an MNC
Income: Your minimum income needs to be at least ₹25,000 per month
Credit Score: You need to have a minimum CIBIL score of 685

Documents Required for 7-Year Personal Loan

When applying for a 7-year personal loan on Bajaj Markets, you need to provide certain documents to verify your identity, income, and address. These include:

Document Type	Accepted Documents
Identity Proof	PAN Card, Aadhaar Card, Voter ID, Passport, Driving License
Address Proof	Aadhaar Card, Voter ID, Passport, Driving License, Electricity Bill, Telephone Bill
Income Proof	Bank statements or salary slips for the last 3 months

How to Apply for a 7-Year Personal Loan

Applying for a 7-year personal loan is a quick and simple process that can be completed online in a few steps. Here are the steps you can follow:

1. Click on the ‘Apply For Loan’ option on this page to begin the process

2. Select your profession from the dropdown options

3. Enter your mobile number and PIN code

4. Carefully read and accept the terms and conditions

5. Click on the ‘Proceed’ button

6. Enter or choose these details as required:

Name as per PAN card

Date of birth

Employer category

Employer/company name

Net monthly salary

Email ID

Gender

Salary credit mode (usually via bank transfer)

7. Click on the ‘Submit’ button

8. You will get a loan offer as per your eligibility

9. Fill in additional details as requested

After your loan application is verified and approved, the funds will be credited to your bank account

Frequently Asked Questions

Can I get a personal loan for 7 years?

Yes, you can get personal loans with a repayment tenure of up to 7 years on Bajaj Markets.

What is the maximum loan one can get for a 7-year tenure?

The maximum amount you can get for a personal 7-year loan on Bajaj Markets is ₹55 Lakhs.

Is 7 years the maximum tenure for a personal loan?

No. You can get a personal loan of up to 96 months (8 years) from Bajaj Markets with affordable interest rates and minimal documentation.

Can I prepay or foreclose a 7-year loan?

Yes. You can choose to foreclose your 7-year personal loan before the tenure ends. However, you need to note that foreclosure fees or penalties may be applicable.

What is the EMI for a ₹10 lakh personal loan for 7 years?

The EMI for a ₹10 Lakh personal loan depends on the applicable interest rate. On Bajaj Markets the rate starts at 10.00% per annum, which makes the EMI for a 7-year tenure ₹16,601.

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