Need quick financial relief? Apply for an 8-month loan and enjoy competitive interest rates and quick disbursal.
Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
Short-term loans provide a quick solution for covering unexpected expenses by offering quick access to funds. You can receive the amount within minutes and repay it in manageable instalments across several months.
On Bajaj Markets, you can find a range of trusted partner lenders that offer personal loans with flexible terms. You can borrow up to ₹50 Lakhs and complete the entire process online with minimal documentation.
Features and Benefits
With a short-term 8-month loan, you can get several benefits, such as an improved credit score and no need for collateral. Some of the other benefits include:
Ample Financing
You can borrow up to ₹50 Lakhs, providing you with significant financial support. Whether for personal or business needs, this loan amount offers ample flexibility to achieve your goals.
Competitive Interest Rates
Interest rates start as low as 9.99% per annum, making repayment more affordable. This ensures that you can pay your EMIs comfortably without putting a strain on your finances.
No End-use Limitations
There are no restrictions on how you can use the loan. Whether it's for personal expenses, business investments, or other purposes, you have complete freedom to allocate the funds as needed.
No Collateral Needed
No asset is needed to secure the loan, simplifying the process of application and verification. This makes it more accessible and eliminates the need for providing additional guarantees.
Flexible Loan Types
Various loan options are available, including flexi and term loans. You can choose the one that suits your specific requirements, offering you a more tailored borrowing experience.
100% Online Application
The application process is entirely online, ensuring faster processing and quicker approval. You can apply from anywhere, making it convenient and hassle-free.
Minimal Documentation
Applying is easy with minimal documentation required. This streamlines the process, reducing paperwork and speeding up approval.
Instant Fund Transfer
Once approved, the funds are transferred directly and instantly to your account. You can access the money immediately, ensuring timely financial support.
Complete Transparency
There are no hidden charges, with full transparency maintained throughout the process. You can trust that the terms are clear and come with no unexpected fees.
Getting a personal loan for 8 months is simple through Bajaj Markets. You can enjoy competitive interest rates and low processing fees. Check out the details below:
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.
Short-term personal loans for 8 months require minimal documentation and offer manageable repayments. Some additional reasons to opt for a loan with a short tenure include:
Travel For Personal or Business Reasons
A personal loan can provide the necessary funds quickly, whether for a family vacation or an important business trip. This financial support ensures you can travel without worry, whether for relaxation or to seize crucial business opportunities.
Handle Medical Emergencies
Unexpected medical expenses can create significant stress. A personal loan for medical emergencies can cover treatment costs, allowing you to focus on recovery rather than financial concerns. Bajaj Markets offers loans up to ₹50 Lakhs for such needs.
Make Significant Purchases
From buying a commuter bike to making a luxury purchase, a personal loan can help ease the financial burden. Spread the cost of repayment over time, making it easier to manage your finances while making important purchases.
Support Your Business
A personal loan can assist with business-related expenses. Use the loan to manage cash flow, pay overdue invoices, or cover other operational costs. Loans up to ₹50 Lakhs are available to ensure smooth business operations.
Renovate Your Home
Planning a home renovation with new furniture, updated interiors, or landscaping? A personal loan for home renovation can cover the costs, enabling you to enhance your living space without straining your finances.
Simplify Debt Management
Managing multiple debts with varying interest rates can be challenging. A personal loan can consolidate all debts into one, helping to reduce repayment costs and make it easier to manage finances effectively.
Finance Your Wedding
Transform your wedding into a grand celebration with beautiful floral arrangements, exceptional catering, and more. A personal loan for marriage can help cover all wedding-related expenses, allowing you to focus on enjoying the special occasion.
Invest in Education
A personal loan can provide the necessary funds to pursue further studies, obtain a certification, or pay for your child’s education. With loans up to ₹50 Lakhs, you can invest in your or your family’s future without financial concerns.
To become eligible for an 8-month loan, you need to meet the following eligibility criteria on Bajaj Markets:
You must be an Indian citizen
Your age must be above 18 years
You must have a good CIBIL score of above 600
You can either be a salaried person or a self-employed individual
You must have at least 1 year of professional experience
Your minimum monthly income must be at least ₹10,000
You will also need to provide certain documents to apply for this loan. Check out the documents you will need below:
2 passport-size photographs are mandatory
Identity proof can include a PAN Card, Aadhaar card, passport, voter ID, or driving licence
Address proof can include voter ID, Aadhaar card, driving licence, passport, telephone bill, or electricity bill
Income proof can include the last 3 months’ salary slips or bank statements
Please note that these documents may vary from lender to lender. Check the eligibility and documentation requirements of the lender before applying.
You can complete the 8-month loan application process online on Bajaj Markets website. Check out the steps to do so:
Go to the 'Loans' section on the website
Choose the 'Personal Loan' option
Click on 'View Offers'
Provide details such as your job title, phone number, and pincode
Confirm your information, explore available loan options, and select the one that suits you best
After approval, the loan amount will be deposited directly into your bank account
Frequently Asked Questions
What is the maximum loan one can get for an 8-month tenure?
Bajaj Markets allows you to borrow up to ₹50 Lakhs for an 8-month tenure. The loan comes with minimal documentation and a starting interest rate of 9.99% p.a.
How to calculate interest on a loan for 8 months?
You can calculate the interest on your 8-month loan using a free online personal loan EMI calculator. Simply enter the loan amount, interest rate, and tenure to get an estimate.
Can I use the personal loan amount for home repairs?
Yes, a personal loan comes with no restriction on end usage. You are free to use the funds for anything from healthcare bills and home improvements to tuition fees or even a vacation.
