Rs. 6 Lakh Personal Loan

Rs. 6 Lakh Personal Loan

Get a personal loan starting at a 10%. interest rate, with EMIs ranging from Rs. 7,000 to Rs. 1.78 lakh and flexible loan tenures. Approval can be completed in 5 minutes and the loan can be disbursed within 24 hours, subject to applicable conditions.
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Loan Types

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FAQs

FAQs

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Rs. 40,000 - Rs. 55 lakh

Calculate your EMIs

You may be eligible for a pre-approved offer

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Enter mobile and OTP | Check offer | No branch visit needed

 
 

Key takeaways


A 6 lakh personal loan is available at interest rates of 10% to 30.5%, with an EMI of Rs. 12,748 for a 5-year tenure. Repayment tenures range from 12 months to 108 months, and disbursal within 24 hours.


  • Eligibility requires a CIBIL Score of 650 or higher, subject to other applicable criteria.
  • Applicants can check their pre-approved offer using their mobile number and OTP without visiting a branch.
  • No collateral or guarantor is required for this unsecured personal loan.

Overall, a Rs. 6 lakh personal loan can help meet planned financial needs, but you should compare the applicable EMI, interest rate, fees and repayment terms before borrowing.

Needing funds quickly can be challenging when you want to avoid a lengthy borrowing process. A Rs. 6 lakh personal loan can help cover planned expenses such as medical treatment, home renovation, travel, education, or other financial needs.


With Bajaj Finance, you can apply digitally using your mobile number and OTP, without a branch visit. The online application offers a simple way to check eligibility, select your loan amount and tenure, and proceed with the application.


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


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Features and benefits of Rs. 6 lakh personal loan

  • High loan amount

    Manage both small and large expenses with quick personal loan—perfect for business investments, property purchases, or major life events.

  • Flexi loans

    Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.

  • 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.

  • 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.

  • 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.

*Terms and conditions apply.


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Eligibility criteria of personal loan for Rs. 6 lakh

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

  • Eligibility criteria

    To apply for a Rs. 6 lakh personal loan, you must meet the lender’s eligibility requirements for age, nationality, employment and credit profile. 


    NationalityIndian
    Age21 years to 80 years
    Employed withPublic, private, or MNC.
    CIBIL Score650 or higher.
    Customer profileSelf-employed or Salaried

    *You should be 80 years or younger, at the end of the loan tenure. To check your eligibility with ease, use our online personal loan eligibility calculator.

  • Documents required for personal loan of Rs. 6 lakh

    Having the right documents ready can make the application process easier. The documents required for a personal loan include KYC and identity proof, PAN, employment and income-related documents, bank statements, address proof and a recent photograph.


    Document categoryAccepted documents
    KYC and identity proofAadhaar, passport, voter’s ID, driving licence, Letter of National Population Register or NREGA job card
    Income and employment proofPAN card, employee ID card, salary slips for the last 3 months
    Bank recordsBank account statements for the previous 3 months
    Address and supporting documentsPiped gas bill, utility bill, phone bill, property or municipal tax receipt, pension order or employer-issued accommodation allotment letter
    PhotographReal-time image or photograph

    For the complete list and details, refer to the documents required for a personal loan.

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How much EMI will I need to pay for a personal loan of Rs. 6 lakh?

For a Rs. 6 lakh personal loan at 10% p.a., the approximate EMI is Rs. 27,726 for 2 years, Rs. 19,362 for 3 years, or Rs. 12,748 for 5 years.


Loan Amount (Rs.)Interest Rate (p.a)TenureApprox EMI (Rs.)
₹6,00,00010%2 years₹27,726
₹6,00,00010%3 years₹19,362
₹6,00,00010%5 years₹12,748

These are indicative EMIs, and the actual repayment amount may vary based on the applicable interest rate and tenure. Use the personal loan EMI calculator to estimate your EMI.

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Interest rates for personal loan of Rs. 6 lakhs

When applying for a Rs. 6 lakhs loan, it is important to know how the personal loan interest rates impact your total repayment. The interest rate for a Bajaj Finance Personal Loan ranges from 10% to 30.5%.


Factors such as credit score, income stability, and repayment history determine the Rs. 6 lakh loan interest and your overall cost. Calculating your Rs. 6 lakh personal loan EMI in advance can help you plan better and manage finances effectively.

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How to apply for a personal loan of Rs. 6 lakh?

  1. Check loan eligibility – Visit personal loan page, enter the loan amount you need, select the repayment period, and click on "CHECK LOAN OFFER" to check your loan eligibility.
  2. Enter personal details – Provide your personal, financial, and employment details to receive a personalised loan offer.
  3. Review your loan offer – Check your offer details and adjust the loan amount or repayment tenure, if required.
  4. Complete KYC verification – Verify your identity and bank details to proceed with your application.
  5. Speak to a loan specialist – Once your application is submitted, an executive will contact you with the next steps.
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Why choose a Rs. 6 lakh personal loan from Bajaj Finance?

A Rs. 6 lakh personal loan from Bajaj Finance offers a digital borrowing experience designed to keep the application process clear and convenient.


  • Apply online from your home or office without needing to visit a branch.
  • Access clear information about applicable fees and charges before proceeding.
  • Review the loan terms and charges to make informed borrowing decisions.
  • Complete key application steps digitally using your mobile number and OTP.
  • Receive assistance from a representative for further steps after submitting the application.
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Explore other personal loan amounts

Here are personal loan options of different amounts that you can compare. Choose the option that suits your needs and repayment capacity.

Rs. 40,000 Personal LoanRs. 50,000 Personal LoanRs. 1 Lakh Personal Loan
Rs. 2 Lakh Personal LoanRs. 3 Lakh Personal LoanRs. 4 Lakh Personal Loan
Rs. 5 Lakh Personal LoanRs. 7 Lakh Personal LoanRs. 8 Lakh Personal Loan
Rs. 9 Lakh Personal LoanRs. 10 Lakh Personal LoanRs. 12 Lakh Personal Loan
Rs. 15 Lakh Personal LoanRs. 20 Lakh Personal LoanRs. 25 Lakh Personal Loan
Rs. 30 Lakh Personal LoanRs. 35 Lakh Personal LoanRs. 40 Lakh Personal Loan
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Get personal loan in your city:

Personal loan in DelhiPersonal loan in MumbaiPersonal loan in PunePersonal loan in Hyderabad
Personal loan in KolkataPersonal loan in JaipurPersonal loan in NoidaPersonal loan in Chennai
Personal loan in BangalorePersonal loan in AhmedabadPersonal loan in ChandigarhPersonal loan in Lucknow
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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi 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 30.5% p.a.

Processing fees

Up to 4.13% 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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Frequently asked questions

Overview

EMI

Repayment

How to get a personal loan of Rs. 6 lakh?

To get a personal loan of Rs. 6 lakh, you must follow the following steps:


  • Provide the personal and employment details to fill up the loan application form
  • Choose your preferred loan amount and repayment tenure
  • Submit the necessary documents
  • The loan amount will be directly credited to your bank account

The minimum salary required to get our Rs. 6 lakh personal loan depends on the eligibility criteria and the city you live in. Please note that there are other eligibility criteria along with minimum income that are required for a personal loan approval. Check your eligibility in just 2 steps and plan your expenses comfortably.

You are required to submit the following documents to apply for Rs. 6 lakh personal loan:


  • 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
  • Ration card

Getting a Rs. 6 lakh loan without income proof can be challenging, as lenders usually require salary slips or bank statements to assess repayment capacity. However, some lenders may consider alternate documents, collateral, or guarantors before approving the loan. Learn more about the necessary personal loan documents required to apply for personal loan.

With a Bajaj Finance Personal Loan, you can get the funds within 24 hours* of approval. Check your loan offer in just 2 steps and apply online to get our loan.

*Terms and conditions apply.



 

The repayment tenure for a Bajaj Finance Personal Loan ranges from 12 months to 108 months. Check your offer in just 2 steps and apply online to get our loan.

Your EMI depends on the interest rate and repayment tenure. For example, if you take a Rs. 6 lakh personal loan at 10% interest for 3 years, your EMI will be approximately Rs. 19,362, and the total interest payable would be around Rs. 96,998. You can easily calculate your Rs. 6 lakh personal loan EMI using the personal loan EMI calculator in just a few minutes. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

A Rs. 6 lakh personal loan is an unsecured loan, so you do not need to provide collateral or a guarantor. Approval remains subject to meeting the applicable eligibility requirements. You can review the criteria on the eligibility and documents page.

Your EMI depends on the interest rate and repayment tenure. For example, if you take a Rs. 6 lakh personal loan at 10% interest for 3 years, your EMI will be approximately Rs. 19,362, and the total interest payable would be around Rs. 96,998. You can easily calculate your Rs. 6 lakh personal loan EMI using the personal loan EMI calculator in just a few minutes. 

Yes, self-employed individuals can apply for a Rs. 6 lakh personal loan, subject to meeting the applicable eligibility criteria. The assessment considers your profile and required documentation. 

You may be able to apply without a salary slip, depending on your employment profile and applicable documentation requirements. Eligibility is assessed based on factors such as age, employment and credit profile.

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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