Explore the benefits of a ₹70,000 personal loan and its features
Get Lowest Personal Loan Interest Rate ✓ Quick Disbursal ✓ Minimum Documentation!
Fulfil various needs and aspirations with the help of a personal loan of ₹70,000 available on Bajaj Markets. You can benefit from interest rates starting as low as 9.99% p.a. and save on loan costs. Furthermore, repay the loan at your convenience with the help of flexible tenures that range up to 96 months. You can enjoy easy application processes, swift approval, and instant disbursals to meet your unique needs by applying for this loan on Bajaj Markets.
The interest rates charged by lenders that offer personal loans of ₹70,000 are as follows:
Lenders |
Starting Interest Rate |
Bajaj Finance |
11% p.a. |
CASHe |
27% p.a. |
Federal Bank |
11% p.a. |
Fibe |
14% p.a. |
Finnable |
15.95% p.a. |
IIFL Finance |
16.50% p.a. |
InCred |
16% p.a. |
Kissht |
14% p.a. |
Kotak Mahindra Bank |
10.99% p.a. |
KreditBee |
15% p.a. |
L&T Finance |
12% p.a. |
moneyview |
15.96% p.a. |
Muthoot Finance |
14.50% p.a. |
Olyv |
18% p.a. |
PaySense |
14% p.a. |
Privo |
9.99% p.a. |
SMFG India Credit |
12% p.a. |
Upwards |
18% p.a. |
Zype |
18% p.a. |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Let’s say you took a personal loan of ₹70,000 for an interest rate of 9.99% p.a. Depending on the repayment period you choose, here is how the loan repayment details may vary:
Tenure |
EMI Amount |
Total Interest Payable |
Total Repayment Cost |
12 months |
₹5,274.67 |
₹3,296.09 |
₹63,296.09 |
24 months |
₹2,768.42 |
₹6,442.05 |
₹66,442.05 |
36 months |
₹1,935.75 |
₹9,686.98 |
₹69,686.98 |
48 months |
₹1,521.47 |
₹13,030.41 |
₹73,030.41 |
60 months |
₹1,274.53 |
₹16,471.65 |
₹76,471.65 |
72 months |
₹1,111.25 |
₹20,009.84 |
₹80,009.84 |
84 months |
₹995.76 |
₹23,643.93 |
₹83,643.93 |
96 months |
₹910.13 |
₹27,372.71 |
₹87,372.71 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
As seen above, the shorter the tenure, the higher the EMI amount. However, do note that the interest charges in such cases are lower which helps you save on the overall repayment costs. Take your budget and financial situation into consideration when choosing a tenure. Conduct thorough research and compare the instalment details across different tenures by using tools like a personal loan EMI calculator to make an informed decision.
To be eligible for a loan of ₹70,000 it is essential to know about the criteria set by the lender. These vary depending on the loan provider you choose. Here is a list of some common requirements which can help you prepare beforehand and make the process easier:
Your age should be 18 years or more
You must be an Indian citizen
If self-employed professional or non-professional, you must be running a successful business for at least 1 year
If salaried, you must be working in a reputed company for at least 2 to 3 years
You should have a minimum monthly earning of ₹15,000
Additionally, you may also be required to submit the following documents when applying for the loan:
KYC Documents:
Identity proof: PAN card, Aadhaar card, voter ID, etc.
Address proof: Aadhaar card, passport, utility bills, etc
Income proof: Bank statement of the previous 6 months
Here is a list of documents you need to submit as per the nature of your employment:
For self-employed applicants:
Form 26AS
TDS certificate
Income Tax challan of the business
ITR filing of the last 2 years
Proof of business origination
For salaried applicants:
Salary slips of the previous 3 months
Form 16
ITR filings
Other Instant Personal Loan Options |
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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
How can I apply for a personal loan of ₹70,000?
Follow these simple steps to apply for a personal loan on Bajaj Markets:
Click on the ‘CHECK OFFER’ option on this page
Provide your personal and professional details
Choose a lender from the list provided
Enter the preferred tenure and the required loan amount
Recheck the information entered and submit the application
Following this, a representative will reach out to you for further proceedings
What is the interest rate levied on a personal loan of ₹70,000?
Apply for the loan on Bajaj Markets and enjoy interest rates starting from just 9.99% p.a.
Can I secure a loan of ₹70,000 without providing any collateral?
Yes, you can secure an instant personal loan without having to submit any collateral.
Can I get a loan of ₹70,000 on Bajaj Markets?
Yes, you can get a loan of ₹70,000 on Bajaj Markets. However, you will be required to meet some basic eligibility requirements and submit some essential documents for this.
Can I use the amount I borrow with a personal loan to fund my higher education?
Yes. Personal loans come with no end-use restrictions. Thus, the amount can be used to meet all your financial needs including paying your tuition fees for higher education.
What is the eligibility requirement for a personal loan of ₹70,000?
Adhere to the following criteria to be eligible for a loan of ₹70,000:
18 years of age and above
Minimum monthly income of ₹15,000
Work experience of at least 2-3 years
Indian citizenship
The requirements may differ from one lender to another. Get a complete list of the criteria from your chosen lender prior to applying for the loan.
What is the minimum and maximum tenure for a loan of ₹70,000?
You can get a loan of ₹70,000 with repayment tenures usually ranging from a couple of months to 8 years.
How fast can I get a personal loan of ₹70,000?
You can get instant personal loan approval by applying on Bajaj Markets. Some of our trusted partners like Fibe, KreditBee, Privo, and Kissht offer quick transfer of funds to your account within a few minutes upon approval.
