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Personal Loan of ₹75,000

A personal loan of ₹75,000 can help manage unexpected expenses or planned financial needs. Whether funds are required for medical emergencies, education, travel, or home improvement, this loan offers a practical solution.

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With Bajaj Markets, compare multiple lenders, access interest rates starting from 10% p.a, and choose a repayment tenure of up to 96 months. The application process is straightforward, requiring minimal documentation and no collateral. Use the Personal Loan EMI Calculator to estimate monthly payments and make an informed decision.

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Your Personal Loan EMI
₹ 1,593
Total Interest Amount
₹ 20,590
Principal Amount
₹ 75,000
Total Payable Amount
₹ 95,590
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
Instant Approval

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

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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Multiple lending partners on Bajaj Markets provide personal loans with competitive interest rates and flexible repayment options. The table below highlights some of the top lenders. Compare their offers to find the one that best suits your financial needs:

Lenders

Maximum Tenure

Minimum Interest Rate (p.a.)

Bajaj Finance

96 months

10.00%

Kotak Mahindra Bank

72 months

10.99%

Federal Bank

48 months

11.00%

L&T Finance

48 months

12.00%

SMFG India Credit

60 months

12.00%

Fibe

36 months

14.00%

Kissht

24 months

14.00%

KreditBee

24 months

14.00%

PaySense

60 months

14.00%

Muthoot Finance

60 months

14.50%

Finnable

60 months

15.95%

InCred

60 months

16.00%

moneyview

60 months

16% (1.33% p.m.)

IIFL

42 months

18.00%

MoneyTap

36 months

18.00%

Olyv

12 months

18.00%

Upwards

36 months

18.00%

Zype

12 months

18.00%

CASHe (Bhanix Finance)

18 months

2.79% p.m.

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

The EMI, total interest, and repayment amount for a ₹75,000 personal loan at an interest rate of 10% per annum, depending on the chosen tenure. A shorter tenure leads to higher EMIs, whereas a longer tenure lowers the monthly EMI. 

The table below offers a detailed breakdown to support better financial planning:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

1 Year (12 Months)

₹6,594

₹4,124

₹7,9124

3 Years (36 Months)

₹2,420

₹12,121

₹87,121

5 Years (60 Months)

₹1,594

₹20,611

₹95,611

8 Years (96 Months)

₹1,138

₹34,254

₹1,09,254

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

You will 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 above-mentioned details are subject to change at the lender’s discretion.

Here is how you can calculate your Personal Loan EMI:

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 instance, you have taken an instant personal loan of ₹75,000 from Bajaj Markets. The interest rate is 10% per annum, with a loan tenure of 48 months. Using the formula, the EMI amounts to ₹1,902. The total interest payable is ₹16,305, making the total repayment ₹91,305.

The table below presents a detailed breakdown of EMI payments for a ₹75,000 loan at 10% per annum over a six-month tenure. 

Month 

Payable Amount

Principal

Interest

Balance

Month 1

₹12,867

₹12,242

₹625

₹62,758

Month 2

₹12,867

₹12,344

₹523

₹50,414

Month 3

₹12,867

₹12,447

₹420

₹37,967

Month 4

₹12,867

₹12,551

₹316

₹25,416

Month 5

₹12,867

₹12,655

₹212

₹12,761

Month 6

₹12,867

₹12,761

₹106

₹0

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

Your CIBIL score, ranging from 300 to 900, reflects your creditworthiness and financial health. Here is how a personal loan affects it:

Before Loan Approval

  • When you apply for a loan, the issuer checks your credit report through a hard inquiry

  • This inquiry is recorded and may slightly lower your score for a short period

After Loan Repayment

  • Paying your EMIs on time helps improve your credit score

  • Regular, timely payments demonstrate responsible debt management, making future loan approvals easier

A personal loan of ₹75,000 can help you manage planned and unexpected expenses. Here are some common ways to use the funds:

  • Wedding Expenses

Weddings involve substantial costs, including venue bookings, catering, decorations, and attire. A personal loan helps cover these expenses, allowing you to focus on making the occasion memorable.

  • Home Renovation and Relocation

Renovating or relocating involves costs such as painting, flooring, furniture, and transportation. A personal loan helps manage these expenses, ensuring a smooth transition.

  • Medical Emergencies

Medical insurance may not cover all expenses, such as medicines, diagnostic tests, or hospital bills. A personal loan provides quick access to funds, ensuring timely treatment without financial stress.

  • Education and Skill Development

Pursuing a short-term course, certification, or professional training program requires covering tuition fees, study materials, and other educational expenses. A personal loan supports these aspirations without financial hurdles.

  • Travel and Vacations

Traveling requires funds for flights, hotels, sightseeing, and shopping. A personal loan allows you to explore new destinations without waiting for years to save, with the option to repay in easy EMIs.

Frequently Asked Questions

Can I get a personal loan of ₹75,000?

Yes, you can get a ₹75,000 personal loan through Bajaj Markets from multiple lending partners. To get quick approval, you need to meet the eligibility criteria, including a good credit score, stable income, and necessary documentation.

Consider applying for a personal loan via Bajaj Markets. Through this platform, comparing lenders and applying for the loan is quick and easy.

The EMI depends on the interest rate and tenure you select. For instance, taking a ₹75,000 loan at 10% p.a. for 12 months results in an EMI of ₹6,594. Use the personal loan EMI calculator on Bajaj Markets to get an accurate estimate based on your chosen tenure and interest rate.

The minimum salary requirement varies by lender and depends on factors such as credit score, employment type, and repayment capacity. For a personal loan through Bajaj Markets, you need a minimum monthly income of ₹10,000.

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