Personal Loan of ₹70,000

You can fulfil your financial needs easily with the help of a personal loan of ₹70,000 available on Bajaj Markets. With affordable interest rates, you can get funds for home renovation, medical expenses, travelling and more.

Your Personal Loan EMI

₹ 1,487

Total Interest Amount

₹ 19,217

Principal Amount

₹ 70,000

Total Payable Amount

₹ 89,217

Loan Amount

Interest Rate

- +

Tenure

- +

Instant Approval

You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets.

Lenders Offering Personal Loans of ₹70,000 on Bajaj Markets

Bajaj Finance Limited

Max Loan Amount

₹35 Lakhs

Min Interest Rate

10% p.a.

Max Tenure

96 Months

Processing Fee

Up to 3.93% of the loan amount (Inclusive of taxes)

CASHe

Max Loan Amount

₹4 Lakhs

Min Interest Rate

2.79% p.m.

Max Tenure

18 months

Processing Fee

Up to 5.5% of the loan amount + GST

Federal Bank

Max Loan Amount

₹5 Lakhs

Min Interest Rate

11% p.a.

Max Tenure

48 months

Processing Fee

0.70% to 2.80% of the loan amount + 18% GST

Fibe

Max Loan Amount

₹5 Lakhs

Min Interest Rate

14% p.a.

Max Tenure

36 months

Processing Fee

Up to 2% of the loan amount

Finnable

Max Loan Amount

₹10 Lakhs

Min Interest Rate

15.95% p.a.

Max Tenure

60 months

Processing Fee

Up to 3% of total loan amount

IIFL Finance

Max Loan Amount

₹5 Lakhs

Min Interest Rate

18% p.a.

Max Tenure

42 months

Processing Fee

2% to 6% of the loan amount + GST

InCred

Max Loan Amount

₹10 Lakhs

Min Interest Rate

16% p.a.

Max Tenure

60 months

Processing Fee

2%-5% on the sanctioned amount

Kissht

Max Loan Amount

₹4 Lakhs

Min Interest Rate

14% p.a.

Max Tenure

24 months

Processing Fee

3% - 5% of the loan amount

Kotak Mahindra Bank

Max Loan Amount

₹40 Lakhs

Min Interest Rate

10.99% p.a.

Max Tenure

72 months

Processing Fee

1.10% - 1.50% of the loan amount + GST

KreditBee

Max Loan Amount

₹5 Lakhs

Min Interest Rate

14% p.a.

Max Tenure

24 months

Processing Fee

Up to 3% of the loan amount

L&T Finance

Max Loan Amount

₹15 Lakhs

Min Interest Rate

12% p.a.

Max Tenure

48 months

Processing Fee

Up to 3% of loan amount + GST

MoneyTap

Max Loan Amount

₹5 Lakhs

Min Interest Rate

18% p.a.

Max Tenure

36 months

Processing Fee

5% to 10% of the loan amount

moneyview

Max Loan Amount

₹10 Lakhs

Min Interest Rate

1.33% p.m.

Max Tenure

60 months

Processing Fee

Starting from 2% of the approved loan amount

mPokket

Max Loan Amount

₹45,000

Min Interest Rate

24% p.a.

Max Tenure

90 days

Processing Fee

₹50 to ₹200 + 18% GST (maximum APR of 48%)

Muthoot Finance

Max Loan Amount

₹15 Lakhs

Min Interest Rate

14.50% p.a.

Max Tenure

60 months

Processing Fee

2% to 4% of the loan amount

Olyv

Max Loan Amount

₹1 Lakh

Min Interest Rate

18% p.a.

Max Tenure

12 months

Processing Fee

2% - 12% of the loan amount

PaySense Partners

Max Loan Amount

₹5 Lakhs

Min Interest Rate

15% p.a.

Max Tenure

60 months

Processing Fee

2% - 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)

Privo

Max Loan Amount

₹5 Lakhs

Min Interest Rate

9.99% p.a.

Max Tenure

60 months

Processing Fee

1% - 3% of the loan amount + GST

SMFG India Credit

Max Loan Amount

₹25 Lakhs

Min Interest Rate

12% p.a.

Max Tenure

60 months

Processing Fee

0% - 6% of the loan amount

Upwards

Max Loan Amount

₹5 Lakhs

Min Interest Rate

1.5% p.m.

Max Tenure

36 months

Processing Fee

Up to 4% of the loan amount

YES BANK

Max Loan Amount

₹50 Lakhs

Min Interest Rate

12.50% p.a.

Max Tenure

72 months

Processing Fee

Up to 2.75% of the loan amount

Zype

Max Loan Amount

₹3 Lakhs

Min Interest Rate

18% p.a.

Max Tenure

12 months

Processing Fee

2% - 6% of the loan amount

EMI for a Personal Loan of ₹70,000 Over Varying Tenures

Let’s say you have taken a personal loan of ₹70,000 at an interest rate of 10% 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
1 Year (12 Months)	₹6,154	₹3,849	₹73,849
3 Years (36 Months)	₹2,259	₹11,313	₹81,313
5 Years (60 Months)	₹1,487	₹19,238	₹89,238
8 Years (96 Months)	₹1,062	₹31,970	₹1,01,970

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

Fees and Charges for a Personal Loan of ₹70,000 Available on Bajaj Markets

You may incur some additional fees when getting an instant personal loan. Here are the details:

Fees and Charges	Details
Processing Fees	Up to 12% of the loan amount
Foreclosure Charges	Up to 6% of the amount
Part-payment Charges	Up to 20% of the amount

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

How to Calculate Your Personal Loan EMI

You can calculate your Personal Loan EMI using the formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

P = Principal loan amount

R = Monthly interest rate (Annual interest rate / 12 / 100)

N = Loan tenure in months

For example, you have taken an instant personal loan of ₹70,000 from Bajaj Markets. Consider the interest rate as 10% p.a. and the loan tenure of 60 months. Using the formula, the EMI will be ₹1,487. The total interest will be ₹19,238, and the total amount payable will be ₹89,238.

Amortisation Table for a Personal Loan of ₹70,000

Suppose you take a loan of ₹70,000 at an interest rate of 10% and a tenure of 6 months. Here is the amortisation breakdown:

Month	Payable Amount	Principal	Interest	Balance
Month 1	₹12,009	₹11,426	₹583	₹58,574
Month 2	₹12,009	₹11,521	₹488	₹47,053
Month 3	₹12,009	₹11,617	₹392	₹35,436
Month 4	₹12,009	₹11,714	₹295	₹23,722
Month 5	₹12,009	₹11,812	₹198	₹11,910
Month 6	₹12,009	₹11,910	₹99	₹0

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

Impact of Pre and Post-personal Loan Approval on CIBIL Score

Personal loans can affect your CIBIL score and overall financial profile. Here’s how:

Pre-approval Impact:

When you apply for a personal loan, the lender usually checks your credit report. This is called a hard inquiry. It will show on your CIBIL report and may lower your score by a few points for a short time.

Post-repayment Impact:

Timely repayment can positively impact your credit score. It shows lenders that you can manage debt, thus improving your creditworthiness.

Uses of a Personal Loan of ₹70,000

With a personal loan amount of up to ₹70,000, you can pay for various expenses, planned or unexpected. Here are some uses:

Unexpected Medical Expenses

With personal loan funding, you can fulfil your unexpected medical needs. Even if you have medical insurance, you might need personal loan funding for other expenses such as medicines and hospital bills.

Wedding Costs

You can use a personal loan to address the costs associated with weddings. These funds can help you cover the costs of the venue, catering, and decoration, among others.

Travel Plans

If you are planning a vacation, a personal loan can help address the expenses easily. The loan can cover costs related to flights, accommodation, sightseeing, and shopping.

Renovation or Relocation

If you are moving to a new home or you are renovating your house, you will need access to funds. You can use personal loan funding for wooden flooring, painting, and other expenses.

Other Instant Personal Loan Options

1,000 Personal Loan	2,000 Personal Loan	3,000 Personal Loan	5,000 Personal Loan
10,000 Personal Loan	15,000 Personal Loan	20,000 Personal Loan	25,000 Personal Loan
30,000 Personal Loan	40,000 Personal Loan	45,000 Personal Loan	50,000 Personal Loan
55,000 Personal Loan	60,000 Personal Loan	65,000 Personal Loan	75,000 Personal Loan
80,000 Personal Loan	85,000 Personal Loan	90,000 Personal Loan	95,000 Personal Loan
1 Lakh Personal Loan	2 Lakh Personal Loan	3 Lakh Personal Loan	4 Lakh Personal Loan
5 Lakh Personal Loan	6 Lakh Personal Loan	7 Lakh Personal Loan	8 Lakh Personal Loan
9 Lakh Personal Loan	10 Lakh Personal Loan	15 Lakh Personal Loan	20 Lakh Personal Loan
25 Lakh Personal Loan	30 Lakh Personal Loan	50 Lakh Personal Loan

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

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 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 10% 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 from 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
Salaried or self-employed
Work experience of at least 1 year
Indian citizenship
CIBIL score above 600

The requirements may differ from one lender to another.

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 up 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, Kissht, and more offer quick transfer of funds to your account within a few minutes upon approval.

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Personal Loan of ₹70,000

Lenders Offering Personal Loans of ₹70,000 on Bajaj Markets

EMI for a Personal Loan of ₹70,000 Over Varying Tenures

Fees and Charges for a Personal Loan of ₹70,000 Available on Bajaj Markets

How to Calculate Your Personal Loan EMI

Amortisation Table for a Personal Loan of ₹70,000

Impact of Pre and Post-personal Loan Approval on CIBIL Score

Uses of a Personal Loan of ₹70,000

Other Instant Personal Loan Options

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