Personal loans, like a ₹6 Lakh personal loan, are a simple and easy way to borrow money. They require minimal formalities and no collateral, and the existing customers can also avail of the option of a pre-approved loan.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
|
---|---|---|---|---|
![]() Bajaj Finance Limited |
11% p.a. |
₹35 Lakhs |
72 months |
|
![]() Finnable |
15.95% p.a. |
₹10 Lakhs |
60 months |
|
![]() InCred |
16% p.a. |
₹10 Lakhs |
60 months |
|
![]() Kotak Mahindra Bank |
10.99% p.a. |
₹40 Lakhs |
72 months |
|
![]() L&T Finance |
12% p.a. |
₹7 Lakhs |
48 months |
|
![]() moneyview |
1.33% p.m. |
₹10 Lakhs |
60 months |
|
![]() Muthoot Finance |
14.50% p.a. |
₹15 Lakhs |
60 months |
|
![]() SMFG India Credit |
12% p.a. |
₹25 Lakhs |
60 months |
|
![]() YES BANK |
10.99% p.a. |
₹50 Lakhs |
72 months |
|
*Interest rates can vary and are subject to change.
While the eligibility criteria may differ from lender to lender, the following details would give you a basic idea of personal loan eligibility.
Indian
21 years and above
Salaried individuals/ self-employed
₹15,000 or more
650 (differs from lender to lender)
In most cases a personal loan requires minimum paperwork. Things become all the more simplified when you are an existing customer of the company. However, to ensure a quicker loan disbursal, it is suggested that you keep the following documents handy when applying for a personal loan:
2 passport-size coloured photographs
As income proof you can produce both or any of the following:
Salary slips
3 to 6-month bank statement
As ID proof you can submit any of the following:
Driving Licence
PAN card
Aadhaar Card
Passport
Voter ID
As address proof you can submit any of the following:
Aadhaar Card
Passport
Driving Licence
PAN card
Voter ID
“I want a ₹6 Lakh rupees urgently”, if this is what you are thinking, then a personal loan is probably the solution you need. You can apply for personal loans both online and offline. However, in case you need the money soon, it is highly recommended that you choose the digital mode for a quicker disbursal.
At Bajaj Markets, you can compare the interest rates offered by various lenders, which would help you get the best deal. Once you make up your mind, follow the given steps:
Click on ‘APPLY NOW’ on this page.
Enter all the personal and professional details.
Mention the loan amount and loan tenure of your choice
Once the application is approved and verified online, you will receive funds in no time.
Also Check Other Instant Personal Loan Options |
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The EMI on a loan of ₹6 Lakh would vary depending on the interest rate and the repayment tenure that you would select.
Your salary/monthly income is an important eligibility criterion when a lender checks your loan application. Most lenders allow a ₹6 Lakh loan to someone who has a monthly salary of ₹15,000 or more. This minimum salary limit may vary amongst lenders.
Most lenders consider a Credit Score/Cibil Score of 650 and above to be a good score and offer personal loans to such applicants. Some banks/ NBFCs also offer loans to people who are still building their credit score or have a lower score. You may have to pay a higher rate in such cases. Keep in mind that other criteria are also considered when disbursing a personal loan to someone.