Get a Personal Loan of up to

₹50 Lakhs!

Personal Loan

You can now apply for a personal loan of up to ₹50 Lakhs on Bajaj Markets. Interest rates start as low as 9.99% p.a. with flexible repayment tenures ranging up to 96 months. The simple eligibility criteria with a nominal CIBIL score requirement of 600 and work experience of at least 12 months make it easy to qualify for the loan. Compare offers from 20+ lenders and benefit from the easy application process, quick approval, minimal documentation and much more on Bajaj Markets.

You can now apply for a personal loan of up to ₹50 Lakhs

You can now apply for a personal loan of up to ₹50 Lakhs on Bajaj Markets. Interest rates start as low as 9.99% p.a. with flexible repayment tenures ranging up to 96 months. The simple eligibility criteria with a nominal CIBIL score requirement of 600 and work experience of at least 12 months make it easy to qualify for the loan. Compare offers from 20+ lenders and benefit from the easy application process, quick approval, minimal documentation and much more on Bajaj Markets.

You can now apply for a personal loan of up to ₹50 Lakhs
Loan Amount
(₹0.01 Lakh to ₹50 Lakh)
Loan Tenure
(3 Months to 96 Months)
Selected Partner Bajaj Finance
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Why Choose Us

20+ Lenders

20+ Lenders

Simple Process

Simple Process

Multiple Products

Multiple Products

Swift Disbursals

Swift Disbursals

₹6523 /month

for 60 months* at 11% p.a.

Popular Offer

Popular Offer

Check Offer
Download Repayment Schedule

Need help in choosing the right Personal Loan?

Check out our personal loan options
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Bajaj Finance Personal Loan
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Finnable Personal Loan
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PaySense Personal Loan
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SMFG India Credit Personal Loan
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Upwards Personal Loan
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Yes Bank Personal Loan
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Zype Personal Loan

Check Your Eligibility

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Personal Loan Lenders Available on Bajaj Markets

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Here are some essential details about the personal loans available on Bajaj Markets that you should know about:

Particulars

Details

Minimum Loan Amount

₹500

Maximum Loan Amount

₹50 Lakhs

Interest Rates

Starting from 9.99% p.a.*

Minimum Tenure

3 months

Maximum Tenure

96 months

Processing Fee

2% to 12% of the loan amount

Loan Providers

20+


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

High Loan Amount

You can instantly borrow amounts as high as ₹50 Lakhs

Low Interest Rates

Personal loans on Bajaj Markets come with attractive interest rates starting from 9.99% p.a.

Multi-purpose Loan

The loan amount can be used to cater to a variety of needs, ranging from tackling medical emergencies, planning your trip or wedding, funding your child’s education, debt consolidation and much more

No Collateral Requirements

You do not need to submit any collateral

Variants of Personal Loan

You can choose between two personal loan variants, that is, a term loan or flexi loan

Quick Processing

The online application process enables your loan application to be reviewed and verified within a few minutes

Minimal Paperwork

The online documentation process makes applying for a personal loan on Bajaj Markets easy and convenient

Rapid Disbursals

If approved, you may receive the sanctioned amount within a few minutes

Zero Hidden Charges

With the promise of complete transparency, you can be assured of zero hidden and undisclosed charges

Here is a list of some criteria you should check prior to applying for a personal loan online:

  • Indian citizenship

  • Salaried or self-employed individual

  • Age above 18 years

  • Minimum income of ₹10,000 per month

  • Minimum work experience of 1 year

  • CIBIL score of 600 or above

Alongside checking your eligibility, it is also essential to keep the required documents handy.

Provided below is a short list of documents you may be asked to submit when applying for a personal loan.

  • Identity Proof: Any one of the following

    • PAN card

    • Aadhaar card

    • Voter ID

    • Passport

    • Driving licence

  • Address Proof: Any one of the following

    • Voter ID

    • Aadhaar card

    • Passport

    • Driving licence

    • Electricity bill

    • Telephone bill

  • Income Proof: Bank statement or salary slips for the last 3 months

  • 2 passport-size photographs

These requirements usually vary from one lender to another. Thus, it is important to reach out to your chosen lender and get the complete list of the eligibility criteria and documents required before applying.

The different types of personal loans available on Bajaj Markets are as follows:

Personal Term Loan

This is a personal loan with a fixed amount that is repaid over a set period with regular instalments, typically at a fixed interest rate. You can compare offers from over 20 lenders who offer this loan on Bajaj Markets and choose the term loan that best suits your requirements

Flexi Personal Loan

Under a flexi personal loan, you are required to just pay the interest charges during the initial part of the tenure. In the subsequent tenure, your EMIs comprise of the principal and interest components. Its convenient repayment option is specially designed for those facing temporary financial hardship. The loan is offered by Bajaj Finance on Bajaj Markets.

Instant Personal Loan

This option available on Bajaj Markets helps you get the required amount within minutes from lenders like KreditBee, Privo, CASHe, etc. Additionally, the swift online processing of the loan application, made possible with Bajaj Markets, makes it possible for you to get loan approval in record time.

Short-term Personal Loan

This type of personal loan usually comes with a short tenure ranging from 3 to 18 months. It is quite useful to meet urgent requirements and close the debt as soon as possible. Some lenders that offer short-term personal loans on Bajaj Markets include Zype, CASHe, Olyv, etc.

Pre-qualified Personal Loan

A pre-qualified personal loan is an offer-based loan from a lender based on a preliminary review of your financial profile. It indicates that you may be eligible for the loan offer provided. It does not impact your credit score and gives you an estimate of loan terms before you formally apply for it.

There are no end-use restrictions on a personal loan. This means that you can use the loan amount to tackle almost any financial difficulty or emergency. Here are some common uses of a personal loan:

Wedding Ceremony

Celebrate your union and make it a grand event with extravagant floral arrangements, high-quality catering and more. A personal loan for marriage can help fund wedding-related expenses, enabling you to focus on the moment.

Vacation or Business Trip

Be it a family vacation or an urgent trip to close an important business deal, a personal loan can help you get the needed funds within minutes. So travel to relax or grab every opportunity available with the help of a personal loan for travel.

Debt Consolidation

Handling too many types of debts with varied interest rates and tenures? This can make managing your finances difficult. Consider getting a personal loan to consolidate all your debts. If planned well, this can help you save extensively on repayment costs and manage your finances better.

Medical Emergency

In the case of an unfortunate event where you or your loved one need immediate medical attention, money can become a problem. Get the required treatment without worrying about the impending costs. Apply for a personal loan for medical emergencies of up to ₹50 Lakhs on Bajaj Markets and get the required support.

Urgent Repairs

Did your car have a mechanical breakdown? Cover the cost for this and many such repairs with the help of a personal loan. Their short processing time and swift disbursal ensure that you get the needed amount as soon as possible.

Business Operations

With a personal loan, you can handle not just personal but professional issues as well. Manage your company’s cash flow, delays in invoice payments, and other business operations with a loan of up to ₹50 Lakhs. 

Large Purchase

If you are looking to buy a commuter bike for your daily travels or planning a luxury purchase, a personal loan can help. This helps distribute the cost of the commodity over a longer period, reducing the impact of the purchase on your finances.

Home Renovation

When you want to purchase new furniture, change the interiors, or rework your backyard, the associated costs may be quite high. You can pay for these expenses quite easily with a personal loan for home renovation.

Education

Want to get a new certification, pursue another degree, or pay your child’s school fees? Don't let your finances stop you from upscaling and acquiring new skills or educating your children. Meet all your educational needs with a personal loan of up to ₹50 Lakhs.

Follow these quick and easy steps to apply for a personal loan online.

  • Click on the ‘CHECK OFFER

  • Enter your basic personal details in the online application form

  • Enter the loan amount and preferred repayment tenure

  • Submit the form for verification

Following this, a representative will reach out to you to further process your application.

Here are some considerations to keep in mind before taking a personal loan:

Your Financial Health

Before applying for a personal loan, evaluate your overall financial situation. This includes your income, existing debts, and monthly expenses. Make sure you can manage additional loan repayments without risking your financial stability.

Loan Amount

It is important to borrow only what you need. Over-borrowing leads to higher EMIs and interest costs. Carefully calculate your requirements and avoid getting a higher loan amount for ‘just in case’ scenarios. Personal loans are often marketed as quick and easy solutions for immediate needs. However, impulsive borrowing can lead to financial strain. It is essential to thoroughly research and understand the terms before proceeding with a loan.

Impact of Loan Tenure

The tenure of the loan has a direct influence on your EMIs and total interest costs. Longer tenures lead to lower EMIs but higher interest charges. On the other hand, shorter tenures result in a higher EMI but lower total interest costs. So, choose a tenure that balances your monthly cash flow and the total loan cost.

Full Cost of Borrowing

Beyond the interest rate, there are additional costs such as processing fees, late payment penalties, prepayment charges, and foreclosure fees. Ensure that you have a clear understanding of the total cost of borrowing before signing the loan agreement.

Flexibility in Repayment

Some lenders offer flexibility in terms of prepayment options, restructuring loans, or EMI breaks. If your financial situation changes, having a loan with flexible terms can ease repayment pressures. Look for lenders that offer such options.

Impact on Credit Score

Applying for multiple loans in a short span of time can negatively affect your credit score due to hard inquiries. Take time to research and compare lenders before making a final application to minimise the impact on your credit score.

Fixed vs. Floating Interest Rates

Personal loans generally come with fixed interest rates, but some lenders may offer floating rates as well. Fixed rates provide consistent EMIs while floating rates could vary with market conditions. Understand the pros and cons of both before choosing.

Terms and Conditions

Loan agreements often come with conditions that may not be immediately obvious. Hidden clauses related to interest recalculation, penalties for delayed payments, or restrictions on loan prepayment can affect your repayment ability. Always read the fine print to avoid surprises.

Co-applicant

Applying with a co-applicant can increase your chances of approval, especially if they have a good credit score or stable income. It may also lead to better loan terms, such as lower interest rates or higher loan amounts.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

Personal Loan
Application Process
Foreclosure
Repayment
What is a personal loan?

A personal loan refers to an unsecured credit source, which is generally utilised to meet pressing financial requirements.

You are usually required to have a CIBIL score of 600 or more to qualify for a personal loan.

You can get a personal loan amount of up to ₹50 Lakhs through Bajaj Markets. However, the maximum personal loan amount you get will depend on your eligibility.

A personal loan does not have any end-use restrictions. It can be used for debt consolidation, home improvement, medical expenses, education, travel, or any other financial need.

Yes. It is possible to get more than one personal loan at the same time. However, the approval of these loans depends on factors like your creditworthiness, income, and the lender’s policies.

Once you decide to apply for a loan with a lender of your choice, you must first fill necessary details in the application form. Submit the necessary documents, following which the lender checks your creditworthiness and then provides an offer. If you accept the offer and sign the agreement, the amount is credited to your account, which you can use to meet your requirements.

Yes. Depending on how you use the loan, you may be able to enjoy tax benefits. If you use the loan amount to help finance the purchase of a new home or start a new business, you can get exemptions under the Income Tax Act, 1961.

How can I apply for an instant personal loan online from Bajaj Markets?

When you apply for a personal loan at Bajaj Markets, your application is verified for approval. Once approved, the loan amount gets transferred to your account instantly.

To prevent the rejection of your personal loan application, ensure you meet all the eligibility requirements and have the proper documentation in place.

The approval time for a personal loan can vary but it usually takes up to 7 business days. This is subject to the completeness of the application, the documentation provided, and the lender’s policies.

No. A collateral is not required when applying for a personal loan on Bajaj Markets.

Yes, a stamp duty may be applicable on a personal loan. Reach out to your lender and discuss the charges applicable (if any), prior to applying.

Ensure to fulfil all the set eligibility and documentation requirements before applying for the loan. Avoid making multiple applications at once or applying for an amount you are unlikely to qualify for.

Can I foreclose my personal loan?

Yes, you can foreclose your personal loan by paying a small fee that usually ranges up to 4-6% of the loan amount. Ensure to check with your lender and verify the foreclosure charges that may apply.

What is the maximum repayment tenure of a personal loan?

The repayment tenure of a personal loan can be up to 96 months. It will depend on your lender, your principal amount, and your repayment capability.

Yes, you can prepay or foreclose your personal loan by paying a small fee that usually ranges up to 4-6% of the loan amount. The charge may vary depending on the lender you opt for. Ensure to check with your lender and verify the fee that may apply.

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