Tackle financial emergencies with a personal loan of ₹15,000 available on Bajaj Markets
A personal loan of ₹15,000 provides the adaptability required in challenging times. It can be used during urgent hospitalisation, unexpected home repairs, and more as there are no end-use restrictions. You can get a personal loan of ₹15,000 on Bajaj Markets through a simple online application process. This enables you to get quick approvals and disbursals. The personal loan interest rates start from just 14% p.a. You can also benefit from flexible repayment tenure of up to 96 months.
Our Partners
|
Maximum Loan Tenure
|
Maximum Loan Amount
|
Minimum Interest Rate
|
|
---|---|---|---|---|
CASHe |
1 year |
₹4 Lakhs |
2.79% p.m. |
|
InCred |
6 years |
₹10 Lakhs |
16% p.a. |
|
KreditBee |
2 years |
₹4 Lakhs |
14% p.a. |
|
Kissht |
24 months |
₹4 Lakhs |
14% p.a. |
|
mPokket |
120 days |
₹45,000 |
24% p.a. |
|
PaySense Partners |
5 years |
₹5 Lakhs |
15% p.a. |
|
Olyv |
12 months |
₹5 Lakhs |
1.5% p.m. |
|
Zype |
1 Year |
₹5 Lakhs |
18% p.a. |
|
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Let’s say you took a ₹15,000 loan at an interest rate of 14% p.a. Here’s how the EMI will differ for this loan depending on the tenure you choose:
Tenure |
EMI Amount |
Total Interest Payable |
Total Repayment Cost |
3 months |
₹5,117.12 |
₹351.35 |
₹15,351.35 |
6 months |
₹2,603.07 |
₹618.42 |
₹15,618.42 |
9 months |
₹1,765.39 |
₹888.53 |
₹15,888.53 |
12 months |
₹1,346.81 |
₹1,161.68 |
₹16,161.68 |
15 months |
₹1,095.86 |
₹1,437.87 |
₹16,437.87 |
18 months |
₹1,437.87 |
₹1,717.1 |
₹16,717.1 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
The tenure you choose impacts the interest charges of the loan and the monthly instalment amount as seen in the above table. This has a massive impact on your loan’s total repayment cost. Thus, be sure to consider your financial situation and monthly budget before selecting a tenure. You can also use the personal loan EMI calculator to check different offers and identify the loan terms which best suit your needs.
The common eligibility criteria for a personal loan of ₹15,000 are as follows:
You must be an Indian national
You must be a salaried individual
Your age must be over 18 years
You should be working in a private firm, public company, or an MNC
You must have a CIBIL score of 750 or more
Furthermore, most lenders require you to submit the following documents for a personal loan:
PAN card
Aadhaar card
Passport
Voter ID
Aadhaar card
Passport
Voter ID
Driving licence
Utility bills for electricity, water, gas
Salaried Individuals:
Bank statements of your salary account of the last 3 months
Latest Form 16
Self-employed Individuals:
Bank statements of the last 3 months
Profit and Loss statement of the previous year
Latest ITR filings
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.
Generally, a credit score of 750 or more is considered ideal for a personal loan. Some lenders may enable you to get the loan with a lower score as well. However, in this case, the loan terms may not be as favourable or you may be asked to provide collateral.
Yes, you can get a personal loan if your salary is ₹15000. This is the minimum baseline of many banks that offer personal loans.
The personal loan application can be approved without collateral. Since personal loans are unsecured loans, the lenders do not mandate the inclusion of collateral.
The tenure for a ₹15000 personal loan can go up to 96 months.
Yes, you can prepay or foreclose your ₹15,000 personal loan. However, you may attract a penalty for prepayment or foreclosure, depending on your lender's policies. You can contact your lender for more information.
You will have to submit your identity proof, address proof and income proof to get a personal loan of ₹15000.