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Personal Loans are a great way to tackle a cash crunch. Be it Rs.5000 or Rs.5 lakhs, banks and NBFCs offer personal loans to cater to the needs of borrowers who want to meet financial emergencies, medical expenses, planned vacations, higher studies, and more such personal needs.
Apply for Rs. 5000 Personal Loan Online
Max. Loan Amt.
Up to ₹4 Lakhs
Interest Rate
2.25% - 2.50% p.m.
Max Tenure
3 to 18 Months
Processing Fee
Up to 3%
Quick Disbursals
100% Digital Process
Zero Paperwork
Max. Loan Amt.
₹3,000 to ₹ 5 Lakhs
Interest Rate
16% to 29.95% p.a.
Max Tenure
4 to 36 Months
Processing Fee
Up to 6.5%
100% Online Process
10 Minute Disbursal
Direct Bank Transfer
Max. Loan Amt.
Up to ₹5 Lakhs
Interest Rate
16% p.a. onwards
Max Tenure
3 to 36 Months
Processing Fee
Up to 2%
100% Online Process
Flexible Repayment
Max. Loan Amt.
₹5,000 to ₹ 10 Lakhs
Interest Rate
16% p.a. onwards
Max Tenure
6 - 60 Months
Processing Fee
Up to 2%
Quick Disbursement
Minimal Documentation
Zero paperwork
Max. Loan Amt.
Up to ₹45,000
Interest Rate
2% - 4% p.m.
Max Tenure
Up to 3 Months
Processing Fee
Up to 3%
Approval In 10 Mins
100% Online Process
Direct Bank Transfer
Max. Loan Amt.
₹25000 - ₹5 Lakhs
Interest Rate
15% - 24% p.a.
Max Tenure
6 - 48 months
Processing Fee
3% - 5%
Digital Documentation
Quick Disbursal
Max. Loan Amt.
Up to ₹5 lakhs
Interest Rate
Start at 1.5% p.m.
Max Tenure
3 - 12 months
Processing Fee
2% - 6%
Multiple Loans Simultaneously
Fast Loan Disbursal
No Pre-closure Charges
Max. Loan Amt.
₹30000 - ₹7.5 Lakhs
Interest Rate
12% - 28% p.a.
Max Tenure
6 - 36 months
Processing Fee
6% - 8%
Get Funded Faster
No Bank Mediation
Max. Loan Amt.
Up to ₹ 15 Lakhs
Interest Rate
12% p.a. onwards
Max Tenure
12 - 48 Months
Processing Fee
Up to 3%
Fast & Completely Digital Process
No Income Proof Required
Max. Loan Amt.
₹5000 - ₹5 Lakhs
Interest Rate
16% - 36% p.a.
Max Tenure
3 - 60 Months
Processing Fee
Up to 2.5%
Quick Approvals & Disbursals
Zero Credit History
Paperless Documentation
Max. Loan Amt.
Up to ₹ 35 Lakhs
Interest Rate
10.99% - 35% p.a.
Max Tenure
6 Years
Processing Fee
Up to 5.5%
Quick Disbursal
No Collateral/Security
Overdraft Facility
Max. Loan Amt.
₹1,000 - ₹5 Lakhs
Interest Rate
18% - 30% p.a.
Max Tenure
2 - 24 Months
Processing Fee
2% - 12%
100% Digital Process
Zero Paperwork
Low Interest & Flexi Tenures
Max. Loan Amt.
₹1,000 to ₹1,25,000
Interest Rate
Start at 2.4% p.m.
Max Tenure
3 - 12 Months
Processing Fee
0 - 15%
Minimum Documentation
100% Digital
Disburse within 30 mins
Max. Loan Amt.
₹25,000 to ₹10 Lakhs
Interest Rate
18% - 30% p.a.
Max Tenure
3 - 60 Months
Processing Fee
Up to 2.50%
Instant Approval And Disbursal
Minimum Documentation
Max. Loan Amt.
₹1,000 - ₹15 Lakhs
Interest Rate
Start at 13.99% p.a
Max Tenure
3 - 24 Months
Processing Fee
Up to 3%
Quick Disbursement
Minimum Documentation
Max. Loan Amt.
₹5,000 - ₹1 Lakh
Interest Rate
24% to 36% p.a.
Max Tenure
3 - 24 Months
Processing Fee
5% - 8%
Fast Approval and Disbursement
Quick Application Process
Max. Loan Amt.
Up to ₹50 Lakh
Interest Rate
10.25% - 29.99% p.a.
Max Tenure
6 - 60 Months
Processing Fee
1.5% - 6%
Instant Loan Approval
100% Online Process
Paperless Process
Max. Loan Amt.
₹3,000 - ₹5 Lakhs
Interest Rate
12% - 36% p.a.
Max Tenure
6 - 24 Months
Processing Fee
Up to 2%
Fast Approvals
Zero Paperwork
Flexible EMI Options
Max. Loan Amt.
₹5,000 - ₹15 Lakhs
Interest Rate
Start at 11.99% p.a.
Max Tenure
Up to 6 Years
Processing Fee
0.5% - 4%
Fast Approvals
Minimal Documentation
Max. Loan Amt.
₹ 1,000 - ₹ 60,000
Interest Rate
12% - 36% p.a.
Max Tenure
Up to 12 months
Processing Fee
Starts at ₹ 349
Quick Approvals
Zero Paperwork
Max. Loan Amt.
₹5,000 - ₹2 Lakhs
Interest Rate
18% - 36% p.a.
Max Tenure
5 - 20 Months
Processing Fee
Up to 3%
Instant Fund Transfer
100% Digital Process
Minimal Documentation
Max. Loan Amt.
Up to ₹2 Lakhs
Interest Rate
12% - 22% p.a.
Max Tenure
6 - 36 Months
Processing Fee
2% - 4%
Superfast Processing
Minimal Documentation
Max. Loan Amt.
Up to ₹5 Lakhs
Interest Rate
18% - 42% p.a.
Max Tenure
3 - 24 months
Processing Fee
2 - 10%
Quick Disbursal
Minimal Documentation
Max. Loan Amt.
Up to ₹50 Lakhs
Interest Rate
10% - 16% p.a.
Max Tenure
Up to 7 years
Processing Fee
Up to 3%
Minimal Documentation
Easy Online Application
Max. Loan Amt.
Up to 5 Lakh
Interest Rate
1.75% - 21% p.a.
Max Tenure
Up to 36 Month
Processing Fee
2.5% - 3.5%
Quick Approval
Paperless Application Process
Quick Disbursal
Max. Loan Amt.
Up to ₹20 Lakh
Interest Rate
9.9% - 45% p.a.
Max Tenure
Up to 48 Months
Processing Fee
Nil*
Instant Disbursal
100% Paperless Process
Minimal Documentation
Max. Loan Amt.
Up to ₹3 Lakh
Interest Rate
18% - 54% p.a.
Max Tenure
10 to 36 Months
Processing Fee
₹1,250
Fast Approvals
Express Disbursal
Minimal Documentation
Max. Loan Amt.
Up to ₹5 Lakhs
Interest Rate
16% to 35.99% p.a.
Max Tenure
6 to 60 Months
Processing Fee
0.5% to 3.5%
Fast Approvals
Express Disbursal
Low EMI's
Max. Loan Amt.
Up to ₹5 Lakhs
Interest Rate
13% p.a. onwards
Max Tenure
2 to 36 Months
Processing Fee
2% + GST
Instant Approval
Flexible Repayments
Max. Loan Amt.
₹10,00 - ₹5,00,000
Interest Rate
1.6% p.m. onwards
Max Tenure
9 to 60 Months
Processing Fee
Up to 5%
Instant Online Approval
Quick & Convenient
No Collaterals
Max. Loan Amt.
Up to ₹50,000
Interest Rate
24% to 36% p.a.
Max Tenure
Up to 6 Months
Processing Fee
0% - 7.5%
100% Online Process
Loan Disbursal in Few Minutes
Max. Loan Amt.
Up to ₹2,00,000
Interest Rate
18% - 36% p.a.
Max Tenure
Up to 36 Months
Processing Fee
3%
100% Digital Process
Multi Purpose Loans
Max. Loan Amt.
Up to ₹10 Lakhs
Interest Rate
10.99% p.a. onwards
Max Tenure
Up to 60 Months
Processing Fee
2%
100% Digital Process
ZERO Foreclosure Charges
Max. Loan Amt.
Up to ₹5 Lakhs
Interest Rate
14% p.a. onwards
Max Tenure
3 to 36 Months
Processing Fee
Nil*
Instant Approval
Quick Disbursal
About Rs 5000 Personal Loan
- How do I apply for a Rs. 5000 Personal Loan?
- What Are the Benefits of Getting a Rs 5000 Personal Loan?
- What Are the Eligibility Criteria for Rs 5000 Personal Loan?
- Documents required to apply for a Rs 5000 Personal Loan
- How much is the monthly payment on a 5000 personal loan?
- FAQs on Rs 5000 Personal Loan
How do I apply for a Rs. 5000 Personal Loan?
Borrowers looking for a Rs. 5000 personal loans can approach leading NBFCs to get it. It is mostly offered by NBFCs and instant loan apps. The application process largely remains the same across platforms.
1. Register on Official Website: Borrowers are required to register on the official website or mobile app of the lender.
2. Check Eligibility: They can check their eligibility for the Rs.5000 personal loan by entering their PAN or Aadhaar number. The loan amount you are eligible for is calculated and displayed on the app screen within minutes. You can then choose Rs.5000 as the loan amount (provided you are eligible for an amount equal to or more than Rs.5000).
3. Choosing the loan repayment tenure: Personal loans generally come with tenures ranging from 12 months to 60 months. For a Rs.5000 personal loan the tenure could be shorter. Choose a tenure that allows you to repay comfortably.
4. Documents upload: These loans come with minimal document requirements, like just your PAN number or Aadhaar number. They might ask for your bank account details to credit the loan amount and set up NACH mandate to deduct the EMIs. Sometimes they might ask for your salary slips.
5. Loan Terms Acceptance: Once these details are submitted, your loan details like loan amount, interest rate, repayment terms, monthly EMI amount, and EMI debit date are displayed on the screen for you to check and confirm. The terms & conditions are also given for your reference. Kindly read them thoroughly to understand the terms of the loan to avoid future legal problems.
6. Loan Disbursal: Once you are satisfied with the loan terms and accept them, your application is processed, and the loan amount is disbursed to your bank account.
Most instant loan apps disburse the loan amount within 15 mins. Other banks and NBFCs may take a few hours to disburse the amount. And some banks may even take up to 24-48 hours to disburse the amount.
What Are the Benefits of Getting a Rs. 5000 Personal Loan?
Personal Loans are meant to take care of emergency cash crunch. A Rs. 5000 personal loan could be used for needs like managing monthly expenses, an unexpected medical expense, shopping, traveling, to pay for an online course, etc.;
1. Borrow what you need –A Rs. 5000 personal loan enables you to borrow low amounts to meet immediate needs so that you don’t burden yourself with huge loan amounts and interest burden.
2. Simple eligibility criteria –Since the loan amount is less, lenders may not insist on strict eligibility criteria.
3. Competitive interest rates –The interest rates on these loans range between 9 – 20% per annum. Some of the lenders even charge per month interest benefitting borrowers who plan to repay the loan within a few months.
4. Minimal documentation –The loans can be easily availed online, removing the need for lengthy documentations.
5. Quick disbursal –Online instant loan apps offer quick loan processing and loan disbursal, putting the much-needed cash in your hands faster.
6.Flexible repayment options –These loans come with custom plans for repayments, allowing for comfortable repayments.
7.No pre-closure charges –These loans also don’t charge any pre-closure charges so you can repay the loan amount in full at any point of time without any charges or penalties.
What Are the Eligibility Criteria for Rs. 5000 Personal Loan?
1. Indian residents in the age group of 21-60
2. Salaried or self-employed individuals with minimum monthly income of Rs.15,000
3. Credit score of at least 650.
4. Valid PAN and Aadhaar card holders
Click here to check your latest Credit Score and get a detailed Credit Analysis Report today!
Documents required to apply for a Rs. 5000 Personal Loan
1. PAN Number
2. Aadhaar number
3. Bank statements
4. Income details
How much is the monthly payment on a 5000 personal loan?
Here’s the monthly payment breakdown for a ₹5,000 personal loan at a 15% interest rate for different tenures:
Loan Amount | Interest Rate | Loan Tenure (in months) | EMI (₹) |
|---|---|---|---|
₹5,000 | 15% | 3 | ₹1,709 |
₹5,000 | 15% | 6 | ₹870 |
₹5,000 | 15% | 9 | ₹591 |
₹5,000 | 15% | 12 | ₹451 |
FAQs on Rs. 5000 Personal Loan
1. Should I apply for a Rs. 5000 Personal Loan online or offline?
A Rs. 5000 Personal Loan can be conveniently applied online through instant loan apps or the official apps or websites of leadings banks & NBFCs.
2. What is the average interest rate on Rs. 5000 Personal Loan?
At present, the average interest rate on Rs. 5000 Personal Loans ranges between 9% - 20% per annum.
3. What are the factors deciding my eligibility for a Rs. 5000 Personal Loan?
Your income, credit score, repayment capacity and existing liabilities are main factors that determine your eligibility for a Rs. 5000 Personal Loan.
4. Can small business owners apply for Rs. 5000 Personal Loan?
Yes, the Rs.5000 Personal Loan is available for both salaried and self-employed individuals. The minimum monthly income should be Rs.15,000.
Disclaimer:This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
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