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Tackle any small expense with ₹10000 personal loan available on Bajaj Markets. The loan comes with rapid approvals and minimal documentation, that ensure a hassle-free borrowing experience. A ₹10000 loan can be used to fulfil requirements like paying your utility bills, travel expenses, repair costs, and more.  

 

As the loan quantum is small, you also have the option to get a smaller tenure for these loans. Lenders like CASHe and mPokket also offer loans for shorter tenures of up to a few months. This enables you to tackle your financial requirements efficiently.

Interest Rates for ₹10,000 Personal Loan

Here is a list of personal loan providers on Bajaj Markets that offer a ₹10,000 loan:

Lender

Starting Interest Rate

CASHe

2.79% p.m.

InCred

16% p.a.

Kissht

14%  p.a.

KreditBee

15% p.a.

mPokket

24% p.a.

Olyv

18% p.a.

PaySense Partners

14% p.a.

Zype

18% p.a.

*Disclaimer: The rates mentioned are subject to change at the lender’s discretion. Check with your lender before making any financial decision.

Calculate EMI for ₹10,000 Personal loan

Loan Amount
Tenure
Months
Rate of Interest
Personal Loan
Your Monthly Personal Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
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Year EMI Principal Interest Balance

₹10000 Personal Loan EMI Over Varying Tenures

Let’s consider an example to assess how the loan’s EMI is calculated. Assume that you took ₹10,000 loan and were offered a fixed interest rate of 14% p.a. Here is how the EMI would differ, depending on the tenure you choose:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

3 months

₹3,411.41

₹234.24

₹10,0234.24

6 months

₹1,735.38

₹412.28

₹10,412.28

9 months

₹1,176.93

₹592.35

₹10,592.35

12 months

₹897.87

₹774.45

₹10,774.45

15 months

₹730.57

₹958.58

₹10,958.58

18 months

₹619.15

₹1,144.73

₹11,144.73

*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

 

In the above table, we can see that as the tenure increases, the EMI amount decreases. On the other hand, there is a surge in interest charges. This may lead to an increase in the total repayment cost of the loan. Ensure to consider you preference and financial situation before selecting a loan tenure.

Eligibility Criteria & Documents Required for ₹10,000 Personal Loan

Here are some common eligibility criteria for personal loans to consider when applying:

  • Your age must be between 18 years and 60 years 

  • You should have a credit score of at least 650 

  • You should be either salaried or self-employed 

 

These are some common requirements you are usually required to fulfil to get a personal loan of ₹10,000. However, these may vary depending on the lender you choose. Ensure to check the complete list of requirements prior to applying for the loan. 

 

Alongside fulfilling these criteria, you may be asked to provide the following documents:

  • Identity Proof: Any one of the following

    • Aadhaar card

    • Voter ID

    • PAN card

    • Passport, etc.

  • Address Proof: Any one of the following

    • Aadhaar card

    • Driving licence

    • Voter ID

    • Passport

    • Utility bills

    • Rent agreement, etc.

  • Income Proof: Any one of the following

    • Latest salary slips of the last 3 months

    • Income tax return certificate

    • Latest Form 16.

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

How much credit score do I need for a ₹10000 loan?

A credit score of 650 would be sufficient for a ₹10000 personal loan in most cases. However, this criterion may differ depending on the lender’s policies.

Can I get urgent ₹10000 loan?

Yes, most banks and NBFCs grant small personal loans. You can easily get ₹10,000 personal loan by applying online on Bajaj Markets. We ask for minimal documentation and have among the fastest processing times.

What documents do I need to submit to get ₹10,000 loan?

You are usually required to provide your ID, address, and income proof for ₹10,000 personal loan. However, the requirements may vary depending on the lender. Ensure you get a complete list of the documents required from your lender before applying for the loan.

What is the interest rate charged on a personal loan of ₹10,000?

On Bajaj Markets, you can get ₹10,000 personal loan at interest rates starting from 14% p.a.

What is the minimum and maximum repayment tenure for a personal loan of ₹10,000?

The repayment tenure for a personal loan of ₹10,000 usually ranges between 90 days and 5 years. This depends on the lender you choose and their policies. 

How quickly can I get approval for ₹10,000 personal loan?

Usually, within minutes, you can get approval for your ₹10,000 personal loan.

How can I get a small loan immediately?

Many lenders, particularly the new-age NBFCs, approve small personal loans almost immediately with minimal documentation. You can avail a personal loan immediately if you apply online at Bajaj Markets.

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