₹25 Lakh Personal Loan

Borrow up to ₹25 Lakhs with a personal loan on Bajaj Markets through a smooth online application process. Benefit from interest rates starting at just 10.99% p.a. and flexible repayment periods of up to 96 months.

The following table consists of lenders that offer personal loans of up to ₹25 Lakhs and the interest rates:

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

The chosen tenure can have a massive impact on the instalment amount and the overall cost of the loan. Let’s understand this better with the help of an illustration. Let us assume that you got a ₹25 Lakh loan at an interest rate of 10.99% p.a. Based on the tenure, here’s what the EMI of your personal loan will look like:

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

The EMI amount reduces as the tenure increases. On the other hand, there can be an increase in the interest charges, and thus, the overall cost of the loan as the tenure extends. So, it is important to make an informed decision and choose a tenure that balances the loan cost and the monthly instalment amount.

Here are the eligibility details evaluated by most lenders:

• Age: 21 to 68 years

• Monthly Income: ₹15,000 to ₹25,000 - depending on the lender

• Employment Type: Salaried or self-employed

• Debt-to-Income (DTI) Ratio: Under 50%

• CIBIL Score: Ideally over 750

1. For Salaried Applicants:

• Identity proof: PAN card, Aadhaar card, or driving licence

• Address proof

• Signature proof

• Bank statements. This is needed for the last 6 months

• The applicant also needs to provide salary slips for the last 3 months

• ITR or the Form 16

2. For Self-employed Applicants:

• Proof of business

• Form 26 AS

• Income tax challan or TDS certificate also called Form 16A

• ITR of the last 2 years

• Last 2 years’ P&L account details, balance sheet details, and income computation

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.