Personal Loan of ₹80,000

At Bajaj Markets, you can borrow a personal loan of ₹80,000, with flexible repayment terms from various lenders. Interest rates start from 10% per annum. The notable aspect is that these loans have no restrictions on usage, allowing you to meet diverse financial needs.

Your Personal Loan EMI

₹ 1,699

Total Interest Amount

₹ 21,962

Principal Amount

₹ 80,000

Total Payable Amount

₹ 101,962

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 ₹80,000 on Bajaj Markets

Various banks and financial institutions offer ₹80,000 personal loans on this platform without requiring collateral. Review their maximum tenure and interest rates in the table below to identify the most suitable option for you:

Lender	Max. Tenure	Min. Interest Rate
Bajaj Finance Limited	96 months	10% p.a.
Kotak Mahindra Bank	72 months	10.99% p.a.
Federal Bank	48 months	11% p.a.
L&T Finance	48 months	12% p.a.
SMFG India Credit	60 months	12% p.a.
Kissht	24 months	14% p.a.
Fibe	36 months	14% p.a.
KreditBee	24 months	14% p.a.
Muthoot Finance	60 months	14.50% p.a.
PaySense Partners	60 months	14% p.a.
Finnable	60 months	15.95% p.a.
InCred	60 months	16% p.a.
moneyview	60 months	16% p.a.
Upwards	36 months	18% p.a.
IIFL Finance	42 months	18% p.a.
MoneyTap	36 months	18% p.a.
Olyv	12 months	18% p.a.
Zype	12 months	18% p.a.
CASHe (Bhanix Finance)	18 months	2.79% p.m.

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

EMI for a Personal Loan of ₹80,000 Over Varying Tenures

Taking a personal loan of ₹80,000 at a 10% annual interest rate means your repayment amount will depend on the chosen loan tenure. Here is what it could look like:

Tenure	EMI Amount	Total Interest Payable	Total Repayment Cost
1 Year (12 Months)	₹7,033	₹4,399	₹84,399
3 Years (36 Months)	₹2,581	₹12,929	₹92,929
5 Years (60 Months)	₹1,700	₹21,986	₹1,01,986
8 Years (96 Months)	₹1,214	₹36,538	₹1,16,538

Disclaimer: Note that 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 ₹80,000 Available on Bajaj Markets

There are additional charges you may need to pay along with the EMI and interest rate. The details are provided below.

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.

How to Calculate Your Personal Loan EMI

You can calculate your Personal Loan EMI with the following formula.

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

Where:

P = Loan amount
R = Monthly interest rate (Annual interest rate/12/100)
N = Loan tenure in months

To calculate it manually, assume the loan amount is ₹80,000 with an interest rate of 10% per annum for 50 months. The EMI will be ₹1,963. The total interest paid will amount to ₹18,149, and the total repayment will be ₹98,149.

Amortisation Table for a Personal Loan of ₹80,000

Suppose you take a loan of ₹80,000 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	₹ 13,725	₹13,058	₹667	₹66,942
Month 2	₹ 13,725	₹13,167	₹558	₹53,775
Month 3	₹ 13,725	₹13,277	₹448	₹40,498
Month 4	₹ 13,725	₹13,387	₹337	₹27,110
Month 5	₹ 13,725	₹13,499	₹226	₹13,611
Month 6	₹ 13,725	₹13,611	₹113	₹0

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

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

Personal loans can impact your CIBIL score and financial profile in different ways. Here is how:

Pre-approval Impact

When you apply for a personal loan, the issuer checks your credit report. This is known as a hard inquiry, which can lower your CIBIL score for a short period.

Post-repayment Impact

Repaying your loan on time can positively affect your CIBIL score. It demonstrates financial responsibility and effective money management, making it easier to secure loans in the future.

Uses of a Personal Loan of ₹80,000

A personal loan of up to ₹80,000 can help you manage various expenses, whether urgent or planned. Here is how you can use it:

Unplanned Travel

Sudden trips often require immediate funds. A personal loan enables you to cover travel expenses, including tickets, accommodation, and other necessities.

Home Renovation

Renovation projects can quickly exceed planned budgets. A personal loan provides the financial support that you need for home repairs, upgrades, or redecoration.

Medical Emergencies

Unexpected health issues can be costly, and insurance may not cover everything. A personal loan ensures you do not have to deplete your savings.

Education Expenses

School and college fees, along with costs for books and courses, can be substantial. A personal loan ensures educational expenses are managed without financial strain.

Wedding Expenses

Weddings can be expensive. A personal loan helps cover costs such as catering, decorations, and attire, easing financial pressure.

Relocation

Moving to a new place involves numerous expenses. A personal loan can assist with shifting costs, rent deposits, and other relocation-related 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	50,000 Personal Loan	60,000 Personal Loan
70,000 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	8 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

Frequently Asked Questions

What is the interest rate levied on a personal loan of ₹80,000?

On Bajaj Markets, you can obtain a loan with interest rates starting from 10% per annum. On this platform, there are multiple lenders to choose from.

Can I secure a loan of ₹80,000 without providing any collateral?

Yes, it is possible to secure an instant personal loan without providing any collateral through Bajaj Markets.

Can I get a loan of ₹80,000 from Bajaj Markets?

Yes, you can obtain a loan of ₹80,000 through Bajaj Markets. Numerous lenders offer this amount without requiring collateral. You need to meet the eligibility criteria.

What is the eligibility requirement for a personal loan of ₹80,000?

To apply, you must meet these requirements:

Age: 18 years or above
Employment: Salaried or self-employed
Work Experience: Minimum 1 year
Citizenship: Indian resident
CIBIL Score: Above 600

The requirements may differ from one lender to another.

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Personal Loan of ₹80,000

Lenders Offering Personal Loans of ₹80,000 on Bajaj Markets

EMI for a Personal Loan of ₹80,000 Over Varying Tenures

Fees and Charges for a Personal Loan of ₹80,000 Available on Bajaj Markets

How to Calculate Your Personal Loan EMI

Amortisation Table for a Personal Loan of ₹80,000

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

Uses of a Personal Loan of ₹80,000

Other Instant Personal Loan Options

Frequently Asked Questions

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