Personal Loan of Rs. 8 lakh

Personal Loan of Rs. 8 lakh

Check your eligibility for personal loan of Rs. 8 lakh with your phone and OTP - no branch visit needed.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

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Video

Rs. 40,000 - Rs. 55 lakh

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In summary

 
 

A Rs. 8 lakh personal loan can help manage urgent financial needs such as medical expenses, education, travel, or home repairs. It offers quick access to funds with flexible repayment options and simple online application.


  • Minimal documentation and easy application
  • Flexible tenure from 12 months to 108 months
  • Fast approval and quick disbursal
  • No collateral or guarantor required
  • Transparent charges with no hidden fees

A Rs. 8 lakh personal loan can be a convenient option for planned or unexpected expenses with manageable EMIs.

Get Rs. 8 lakh personal loan instantly

You can use a Rs. 8 lakh personal loan to manage urgent and planned financial needs without using your savings. You can cover expenses such as medical bills, home repairs, education, travel, or other personal goals with quick access to funds through an easy online process. 


✅ You can check if you have a pre-approved loan offer with just your phone number and OTP – no need to visit the branch.


Once approved, you receive the loan amount quickly in your bank account, helping you handle urgent expenses with ease. You get minimal documentation, transparent charges, and flexible repayment options, making a Rs. 8 lakh personal loan a simple and convenient borrowing option.

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Why choose Rs. 8 lakh personal loan?

A Rs. 8 lakh personal loan helps you manage urgent and planned expenses with ease and flexibility. It offers quick access to funds without the need for collateral, making it suitable for various financial needs.


Key reasons to choose it:

  • Quick online application with simple steps
  • Minimal documentation required
  • Flexible repayment tenure options
  • Fast approval and disbursal process
  • No collateral or guarantor needed

A Rs. 8 lakh personal loan provides a convenient way to handle financial needs while keeping repayment manageable through structured EMIs.

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Features and benefits of personal loan

Minimal documentation

Get through the personal loan application process easily by submitting just the basic documentation required.


Flexi loans

Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.


Convenient repayment tenures

Manage your loan easily with flexible repayment options ranging from 12 months to 108 months, allowing you to choose EMIs that fit your income cycle and budget.


Approval in just 5 minutes*

Complete your entire personal loan application online from the comfort of your home or office and get an instant personal loan with lightning-fast approval.


Money in account within 24 hours*

Your bank account will be credited with your loan amount within 24 hours* of approval, or in some cases, on the same day—ideal for urgent business or personal needs.


Pre-approved offers

You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.


Complete transparency - no hidden charges

Our fees and charges are mentioned clearly on this page and in all loan documents. We maintain complete transparency, allowing you to make informed financial decisions.


No guarantor or collateral needed

You don't need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor—completely unsecured financing.


Accessing the funds you need is easy with a Bajaj Finance Personal Loan. We offer loans to applicants who meet our simple eligibility criteria and can furnish the necessary documentation.

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Rs. 8 lakh personal loan EMI for up to 5 years

An Rs. 8 lakh personal loan EMI depends on the chosen repayment tenure and interest rate. A longer tenure reduces monthly EMI, while a shorter tenure increases it. You can plan better using an EMI calculator and select an option that fits your monthly budget. The 8 lakh personal loan EMI helps you understand repayment clearly.


TenureApproximate EMI (at 10% interest rate)
12 months (1 year)Rs. 70,333
24 months (2 years)Rs. 36,916
36 months (3 years)Rs. 25,814
48 months (4 years)Rs. 20,290
60 months (5 years)Rs. 16,998
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Eligibility criteria for a Rs. 8 lakh personal loan

You can easily get the funds you need with the below criteria:

  • Eligibility criteria

    NationalityIndian
    Age21 years to 80 years
    Employed withPublic, private, or MNC.
    CIBIL Score650 or higher.
    Customer profileSelf-employed or Salaried
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Documents required for Rs. 8 lakh personal loan

A Rs. 8 lakh personal loan requires basic documents to complete the application process smoothly. These documents help verify identity, income, and address details for quick approval and faster processing. Keeping documents ready can help reduce delays and improve application speed.

  • 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
  • Phone bill
  • Real-time image / photograph

Submitting correct documents ensures faster processing of your Rs. 8 lakh personal loan application. Always check lender requirements before applying to avoid missing any important paperwork.

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Personal loan interest rates for Rs. 8 lakh

An online Rs. 8 lakh loan is a type of personal loan that can help manage planned or urgent expenses such as medical needs, education, travel, or home improvement. The loan amount, repayment terms, and interest charges depend on the lender’s policy and the applicant’s profile.


The personal loan interest rate usually ranges from 10% and 30% p.a. This rate affects the total repayment amount over the loan tenure. Borrowers should also check processing fees, late payment charges, and other applicable costs before applying.


Most lenders offer flexible repayment options with tenure ranging from 12 months to 108 months. The loan amount can vary from Rs. 40,000 to Rs. 55 lakh, depending on eligibility. Many lenders also provide quick approval, minimal documentation, and disbursal within 24 hours* for approved applications. No collateral is required for such loans.


It is important to compare the personal loan interest rate carefully before applying to manage repayment comfortably and avoid financial stress.

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How to use EMI calculator for Rs. 8 lakh personal loan?

An EMI calculator helps estimate monthly repayments for a Rs. 8 lakh personal loan before applying. It gives a clear idea of total interest and repayment burden based on loan tenure and interest rate.


  • Enter the loan amount, such as Rs. 8 lakh
  • Select the expected personal loan interest rate
  • Choose the repayment tenure in months
  • View the monthly EMI and total repayment amount instantly

This tool helps compare different repayment options and plan a Rs. 8 lakh personal loan more effectively before final application.

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How to apply for a personal loan of Rs. 8 Lakh?

Follow these simple steps to apply for a personal loan online. Benefit from quick approval and hassle-free processing and meet your financial needs with ease.


  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.
 

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Personal loans of different amounts

1 Lakh Personal Loan2 Lakh Personal Loan3 Lakh Personal Loan
6 Lakh Personal Loan7 Lakh Personal Loan4 Lakh Personal Loan
9 Lakh Personal Loan10 Lakh Personal Loan12 Lakh Personal Loan
15 Lakh Personal Loan20 Lakh Personal Loan25 Lakh Personal Loan
30 Lakh Personal Loan35 Lakh Personal Loan40 Lakh Personal Loan
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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum 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 (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000