With flexible terms and competitive rates, you can secure a Rs. 60000 personal loan, with an interest rate that fits your budget. Bajaj Finserv now offers loan of up to 40 lakh, making it easier than ever to meet your financial needs. Whether you're planning a wedding, funding education, or managing unexpected expenses, a personal loan can provide the necessary funds quickly. You can apply for a personal loan online through various platforms, ensuring a hassle-free experience. Visit Bajaj Finserv today to explore your options and find the best deal tailored to your requirements.
Features and benefits of personal loan for Rs. 60,000 salary
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Pay up to 45%* less EMI
Our Flexi facility allows you to make interest-only payments to bring down your personal loan EMIs.
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Part-prepayment facility
Prepay via the personal loan part-prepayment facility to reduce your repayment liability any time during the tenor.
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Convenient loan management
Log in to our customer portal to track all information related to your loan, such as EMIs due, repayment schedule, and more.
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Adjustable tenor
Pay EMIs over a tenor of up to 96 months. Use the Personal Loan EMI Calculator to plan repayment in an informed manner.
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Basic paperwork
Our requirement for documents for a personal loan of Rs. 60,000 is minimal; hence you can apply stress-free.
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Speedy approval process
When you meet our simple eligibility parameters, you enjoy instant loan within 5 minutes*.
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Fast money transfer
Access a loan of Rs. 60,000 within 24 hours* of approval to meet planned and unplanned expenses with ease.
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No collateral required
Our personal loan of Rs. 60,000 is easy to apply for as it is unsecured. You don’t need to pledge any collateral.
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No extra charges
We ensure 100% transparency without any hidden fees. Check our terms and conditions for clarity.
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Pre-approved offers
Our existing customers can avail of loans with just a click. To check your pre-approved personal loan offers, enter your name and contact number.
If you need a personal loan of Rs. 60,000, there are several options available to meet your financial needs. Personal loans are unsecured, meaning you don't need to provide collateral, making them an attractive choice for immediate funds. To personal loan apply only Rs. 60,000, you typically need to provide basic documents such as proof of identity, income statements, and bank statements. Lenders often offer quick approval processes, allowing you to access funds rapidly. It’s essential to compare interest rates and repayment terms from different lenders to ensure you choose the best option for your financial situation. This way, you can effectively manage your repayment without undue stress.
The Bajaj Finserv Personal Loan of Rs. 60,000 is an ideal solution for any requirement, from consolidating debt to financing a wedding or paying for medical treatment or home improvements. Our online personal loan is easy to qualify for and does not need any collateral. Meet the simple eligibility parameters and the money is transferred to your bank account within 24 hours* of approval. With a flexible tenor of up to 96 months, we give you the choice of selecting the repayment duration that suits your obligations and finances.
Our existing customers enjoy special privileges, such as pre-approved loan offers. Check your pre-approved offer by sharing your contact details and getting funds in just a few clicks.
Purpose of a Rs. 60,000 personal loan
One of the advantages of a personal loan is the flexibility in end-use. You can use the funds for a wide variety of purposes, including:
- Medical emergency
- Wedding
- Higher education
- Home renovation and repair
How much EMI will I need to pay for a personal loan of Rs. 60,000?
Tenor |
Approximate EMI at 13% interest rates |
2 years |
2,853 |
3 years |
2,022 |
5 years |
1,365 |
Documents required for a Rs. 60,000 personal loan
Our Insta Personal Loan provides pre-approved offers, and minimal documentation is one of the most significant advantages. In some cases, you might not even need to provide any documents. In case you are asked for documents, you will only need the following:
- KYC documents such as Aadhaar, passport, driving license, voter’s ID, or a Letter of National Population Register
- PAN card
- Cancelled cheque
- Bank account statements for the last 3 months
- Salary slips for the last 3 months
Eligibility criteria for Rs. 60,000 personal loan
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Nationality
Indian
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Age
21 years to 80 years*
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CIBIL score
685 or higher
See if you can qualify in minutes. Use the Personal Loan Eligibility Calculator.
Increase your chances of approval by meeting all the parameters for the personal loan. This includes fulfilling our simple eligibility criteria and submitting the basic documents needed.
Documents required for a personal loan for Rs. 60,000 salary
To apply for a personal loan with a Rs. 60,000 salary, you need the following documents
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
How to apply for a personal loan with salary less than Rs. 60000
Step-by-step guide to apply for a personal loan
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents
Interest rates and charges for a Rs. 60,000 loan
To make Rs. 60,000 personal loan repayment more manageable for you, we offer funds at attractive interest rate on personal loan and nominal charges.
Personal loan interest rate and applicable charges
Type of fee |
Applicable charges |
Rate of interest |
10% to 31% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge |
Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
Bounce charges - Rs. 700 to Rs. 1,200 per bounce. |
Part-prepayment charges |
Full prepayment
Part-prepayment
*Foreclosure will be processed post clearance of first EMI |
Penal charge |
Delay in payment of instalment(s) shall attract penal charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
Broken period interest / Pre-monthly Instalment interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If Loan is disbursed on 1st or post 10th of the month: |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
How to calculate interest rate and EMI on a Rs. 60,000 personal loan
The interest rate is decided by your lender basis your loan amount, tenure, and credit history. Once you know the interest rate on the desired loan amount and tenure, you may use the personal loan EMI calculator to determine your monthly instalments. It will help you plan your EMIs and ensure timely repayments. A personal loan EMI calculator can help you accurately determine your EMIs. You just need to select the loan amount, rate of interest and tenure, to get the exact EMI payable for your personal loan.
A Personal Loan EMI calculator uses an EMI calculation formula to calculate your monthly instalments. The formula used is: E = P*r*(1+r)^n/((1+r)^n-1) where,
- E is EMI
- P is the principal loan amount,
- r is the rate of interest calculated monthly, and
- n is the tenure/ duration in months
For example, the EMI for a Rs. 60,000 personal loan, at an interest rate of 13%, for a tenure of 36 months, will be approximately Rs. 2,022.
How to apply for a personal loan of Rs. 60,000
Apply for a personal loan of Rs. 60,000 from Bajaj Finance by following these four steps:
- 1 Click ‘APPLY ONLINE’ to open the application form
- 2 Fill out the basic details and enter the OTP for verification
- 3 Share relevant professional and personal data as per the form
- 4 Submit the form by uploading the necessary paperwork
A Bajaj Finserv representative will get in touch to guide you through the next steps of getting your personal loan of Rs. 60,000.
*Conditions apply
Other instant personal loan options
Frequently asked questions
The minimum salary required to get a Bajaj Finance Personal Loan is Rs. 25,001, depending on the city you live in. You can choose to apply with a co-applicant in case you fall short of the eligibility criteria.
To get our personal loan, you need to have a CIBIL Score of 685 or higher.
Yes, you can get our personal loan with a cash salary. You simply need to fulfil our eligibility criteria.
The EMI depends on tenure and rate of interest along with the amount. For example, the EMI for a Rs. 60,000 personal loan at an interest rate of 13% p.a., for a tenure of 36 months, will be Rs. 2,022.
You can get an instant personal loan for any legal expense, be it a medical emergency, or a wedding, or anything else.
The amount of personal loan you can get depends not only on your salary, but on several factors including your credit history, CIBIL Score, debt-to-income ratio, and so on.
A CIBIL Score of 685 or higher is required to get our personal loan.
You do not have to pledge any collateral or security to get our personal loan.
The repayment tenure for our personal loan ranges from 12 months to 96 months.
The interest rate varies from lender to lender. The interest rate for a Bajaj Finance Personal Loan ranges from 10% to 31% p.a.
Yes, you can get a ₹60,000 loan using your Aadhaar card or PAN card as identification along with other required documents. Many lenders accept these documents for verification during the application process.
Approval for a ₹60,000 loan typically takes a few minutes to a few hours, depending on the lender's policies. In most cases disbursement of funds may occur within 24 hours* of approval.
*Terms and conditions apply.
Yes, with a Rs. 60,000 salary, you can qualify for a personal loan based on your credit score and eligibility criteria.
Apply online with minimal documents to get an instant personal loan. Bajaj Finance offers quick approvals and disbursal within 24 hours* for eligible applicants.
Bajaj Finance provide personal loans with disbursal in 24 hours*, subject to eligibility and document verification.
You can calculate your personal loan
The minimum salary requirement varies by lender. Factors like credit score, employer category, and location also influence loan approval.
Check your eligibility online to determine the personal loan amount you can avail.
