Personal Loan of 1 Lakh

A personal loan of Rs. 1 lakh can help you cover unexpected expenses like medical bills, home or vehicle repairs, education costs, or travel plans. You can easily apply online for a Bajaj Finserv Personal Loan and enjoy instant approval in just 5 minutes*, with disbursal within 24 hours*. 

✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

Since it’s an unsecured loan, you don’t need to provide any collateral or security. With flexible repayment options and a convenient tenure using the Rs. 1 lakh personal loan EMI calculator, you can plan your finances more efficiently and manage short-term expenses with ease.

*Terms and conditions apply.
 

These features make this one of the best personal loans in India.

A Rs. 1 lakh instant loan is an ideal option to manage urgent financial needs like medical expenses, travel costs, or emergency repairs. You can easily apply online with just a few basic documents and get quick approval, with funds disbursed to your account within 24 hours*.

For example, if you avail of a loan up to Rs. 1 lakh for 2 years at a 10% interest rate, your EMI would be around Rs. 4,614. Using an EMI calculator can help you choose a repayment plan that fits your monthly budget.

If you are looking for a loan with low EMIs and flexible repayment, a Rs. 1 lakh instant loan offers convenience, fast processing, and complete financial flexibility — making it a dependable choice for managing short-term cash needs.

When applying for a Rs. 1 lakh personal loan, it’s important to understand the interest rates and charges involved. Bajaj Finance offers interest rates between 10% and 31% p.a., depending on your credit score, income, and loan tenure. For example, the Bajaj Finserv Personal Loan interest rate on Rs. 1 lakh typically starts at 10% p.a. for eligible borrowers with a strong credit history. 

Always check the processing fee, foreclosure charges, and other costs to calculate the total expense. If you're planning to take a Rs. 1 lakh loan online, use an EMI calculator to estimate your monthly repayment accurately.

If you opt for a 1 lakh loan monthly EMI for a 1-year tenure, you will pay fixed monthly instalments at a 10% interest rate. A shorter tenure means higher EMIs but lower overall interest costs. Use a personal loan EMI calculator to estimate your repayments.
 

A Rs. 1 lakh personal loan with a 3-year tenure offers manageable monthly payments, making it easier to handle your finances without strain. At an interest rate of 10%, this option strikes a balance between affordability and total interest costs.
 

You can conveniently check your EMIs using a personal loan EMI calculator to plan repayments that suit your budget. If you’re looking for an instant Rs. 1 lakh loan, this option provides fast approval, flexible repayment, and financial ease for your short-term needs.
 

Choosing a 1 lakh personal loan EMI for 5 years ensures lower monthly payments, making repayment more convenient. While the overall interest paid is higher, the reduced EMI makes budgeting easier. Calculate your EMI with a personal loan EMI calculator.
 

Step-by-step guide to apply for a personal loan:

1. Click on ‘CHECK ELIGIBILITY’ on this page.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
6. Choose the repayment tenure and click on ‘PROCEED’.
7. Complete your KYC and submit your application.

Our representative will contact you for further steps.

A Rs. 1 lakh loan offers quick funds for unexpected or planned expenses, with flexible repayment options. Here are some common uses:
 

• Travel expenses: A personal loan for travel covers flight tickets, stays, and other costs, making vacations stress-free.
• Marriage expenses: A personal loan for wedding helps manage venue, décor, and other wedding expenses effortlessly.
• Education expenses: A personal loan for higher education funds tuition, books, and living expenses for uninterrupted learning.
• Home renovation: A personal loan for home expenses supports home upgrades, repairs, and interior improvements.
• Medical emergency: A personal loan for medical emergency covers treatment costs, ensuring timely medical care.
   

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