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Do you need ₹2,000 urgently? Consider getting a personal loan to manage your expenses with ease. With a tenure of up to 24 months, the repayment is convenient and manageable. Also, the simple online application process on Bajaj Markets ensures that you get swift access to the required funds, helping you avoid any delays.

Interest Rates for a Personal Loan of ₹2,000

Here’s a list of lenders that offer personal loans of ₹2,000 on Bajaj Markets:

Lenders

Starting Interest Rates

KreditBee

15% p.a.

mPokket

24% p.a.

Olyv

18% p.a.

Zype

18% p.a.

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

Calculate the EMI for a Personal Loan of ₹2,000

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

EMI for a Personal Loan of ₹2,000 Over Varying Tenures

Let’s check how the choice of tenure affects your personal loan EMIs. Let’s assume that you got an instant personal loan of ₹2,000 at an interest rate of 15% p.a. Depending on the repayment period you choose, the loan’s EMI will be as follows:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

3 months

₹683.40

₹50.21

₹2,050.21

6 months

₹348.07

₹88.41

₹2,088.41

9 months

₹236.34

₹127.07

₹2,127.07

12 months

₹180.52

₹166.2

₹2,166.2

15 months

₹147.05

₹205.79

₹2,205.79

18 months

₹124.77

₹245.85

₹2,245.85

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

Be sure to check the EMI and interest costs before choosing a tenure. These may have a major impact on the total cost of your loan.

Eligibility Criteria & Documents Required for a Personal Loan of ₹2,000

Meet the following criteria to be eligible for a personal loan of ₹2,000 on Bajaj Markets:

  • Nationality: You should be an Indian citizen 

  • Employment Type: You should be either salaried or self-employed

  • Income:  You must have a steady source of income

  • Age: Your age must be 18 years or more

  • Work Experience: You are usually required to have a minimum work experience of 2 to 3 years

Here are some documents you may have to provide at the time of applying for the loan:

  • Identity Proof: Any one of the following

    • PAN card

    • Aadhaar card

    • Voter ID

    • Passport 

    • Driving licence

  • Residential Proof: Any one of the following

    • Voter ID

    • Aadhaar card

    • Passport

    • Driving licence

    • Electricity bill

    • Telephone bill

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

  • Photographs: 2 passport-size photographs

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

What is the monthly payment on a ₹2,000 loan?

The monthly payment on your loan amount generally varies depending on your loan provider, interest rate and other factors.

How easy is it to get an instant ₹2,000 loan?

Applying for a personal loan of ₹2,000 is simple and takes very little time. You just need to submit a few documents to get started on your personal loan application.

What’s the minimum acceptable credit score to get an instant loan of ₹2,000?

Generally, all personal loan providers expect a minimum credit score of 600 or if you’re new a credit, an NTC score of 150 and above will be considered as well.

How can I get an urgent ₹2,000 personal loan with minimal documents?

Getting a personal loan of ₹2,000 on Bajaj Markets is very easy and requires only a few documents for identity proof, address proof and income proof.

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