Get an instant personal loan of ₹5,000 with interest rates starting from just 14% p.a.
A ₹5000 personal loan can help you get the needed funds in a short-term period. You can get a personal loan on Bajaj Markets from multiple lenders with interest rates starting from 14% p.a. Furthermore, you can repay the loan as per your convenience over tenures of up to 96 months. Get the loan through a simple online application and hassle-free documentation processes.
Our Partners
|
Maximum Loan Tenure
|
Maximum Loan Amount
|
Minimum Interest Rate
|
|
---|---|---|---|---|
KreditBee |
2 years |
₹4 Lakhs |
18% 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: Interest rates mentioned in the above table can vary from one lender to another and are subject to change.
Here is how the EMI for a personal loan of ₹5,000 may differ depending on the chosen tenure. For this example, let’s assume that the interest rate offered by your lender is 14% p.a. In this case, the EMIs will be as follows:
Tenure |
EMI Amount |
Total Interest Payable |
Total Repayment Cost |
3 months |
₹1,705.71 |
₹117.12 |
₹5,117.12 |
6 months |
₹867.69 |
₹206.14 |
₹5,206.14 |
9 months |
₹588.46 |
₹296.18 |
₹5,296.18 |
12 months |
₹448.94 |
₹387.23 |
₹5,387.23 |
15 months |
₹365.29 |
₹479.29 |
₹5,479.29 |
18 months |
₹309.58 |
₹572.37 |
₹5,572.37 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
Take a look at the eligibility criteria before you start to fill out the application for a personal loan of ₹5,000:
Nationality: Indian
Age: 18 years and above
Nature of Employment: Self-employed or salaried individual
Minimum Work Experience: 2-3 years
Credit Score: 700 or higher
Also, submit the following documents to get a personal loan of ₹5,000:
Proof of identity such as your PAN card, Aadhaar card etc.
Address proof such as your passport, electricity bill, ration card etc.
Salary slips of the last 3 months (for salaried individuals)
Bank account statement of the last 6 months
2 passport-sized photographs of the applicant
The requirements may vary from one lender to another. Ensure to get a complete list of the paperwork required before applying for the loan.
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.
For a ₹5000 instant personal loan, you need a credit score of at least 650.
A loan applicant must earn a minimum of ₹15000 or more every month to meet the common personal loan eligibility criteria. However, this requirement may vary from one lender to another. So, get a complete understanding of your chosen lender's eligibility criteria before applying.
Yes, you can easily get a ₹5000 personal loan without any collateral.
Different lenders offer different interest rates, repayment tenure, loan features, etc. Thus, it is best to compare offers from different lenders. Assess which loan offer best suits your needs and preferences.
You should have all the documents at hand when applying for a personal loan.