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₹ 60,000 Personal Loan

Apply Personal Loan of ₹ 60,000 Online

Last Updated 05th Dec 2021

  • Avail ₹60000 Personal Loan online to pay off medical bills, debts or education fees.
  • You will have to submit a set of documents like identity proof, address proof, income proof to avail of a personal loan.
Interest Rate10.25% Check Offers
ProfessionSalaried employees and Self-employed professionals
Age18 to 65 years
Pre-payment ChargesNil to upto 5% of the outstanding balance
Processing FeeUp to 3% of the loan amount
Required CIBIL Score650 and above
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Cashback

Get a Personal Loan Online of ₹ 60,000

If you need immediate finance you can take a personal loan online of ₹ 60,000. You can use the loan amount to buy consumer durables, pay medical bills, plan a vacation, pay school fees, or pay off debts. Personal loan ₹ 60,000 can be availed at the lowest interest rate of 10.25% pa if you have a credit score above 650. Lenders offer personal loans for maximum 84 months, with flexible repayment options. To have the best benefits of a personal loan, you must fulfil the eligibility criteria.

Eligibility Criteria to get Best Personal Loan of 60000 Rupees Online

Both salaried and self-employed can avail personal loan of ₹60000 if they fulfil the following eligibility criteria. The criteria of every lender may differ, but this is the general requirement by every bank.

  • Citizenship: Only an Indian citizen can apply for a ₹ 60000 personal loan.
  • Age: A salaried employee should be between age 18 years- 65 years and self-employed should be between age 21 years- 65 years.
  • Minimum income: The salary of the salaried employee should be more than ₹ 1,200 If you are self-employed you must earn at least ₹ 12,500.
  • Work experience: If you are a salaried professional then you must have work experience of more than three years, and if you are self-employed then business age should be more than three years.
  • Credit score: You must have a credit score above 650 to avoid loan rejection for a ₹ 60,000 personal loan.

Interest Rates, Processing Fee and Other Charges on 60000 Personal Loans

BankInterest RateProcessing FeePre-payement Charges
10.25%Upto 2.50% Min ₹ 9992 - 4%
10.25%Upto 2.25% of Loan Amount5%
Axis Bank
10.49%Rs.4,999For Loan Amt Approved of 10 Lacs and above-- 0% FC charges after 12 EMIs if closure through OWN FUNDS,1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2%
Fullerton India
11.99%2%1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil
IndusInd Bank
10.49%Min 0.75% to Max 1.75%4%
21.00%2.5%-4%01-06 months-7%+GST, 7-24 months- 5%+GST and After 24 Months-4%+ GST
12.00%1.00%Nil prepayment charges
Bank of Maharashtra
9.45%1.00%, Min Rs. 1,000Nil prepayment charges
Indian Overseas Bank
10.80%upto 3% of the loan amountNil prepayment charges

60k Personal Loan EMI with Different Tenors

Check EMI calculation for loan amount ₹60K for different tenures for up to 5 years at the lowest personal loan interest rate of 10.25% pa.

TenureLoan AmountInterest RateEMI
EMI for 1 year₹ 60,000 10.25% pa₹ 5,282
EMI for 2 year₹ 60,000 10.25% pa₹ 2,776
EMI for 3 year₹ 60,000 10.25% pa₹ 1,943
EMI for 4 year₹ 60,000 10.25% pa₹ 1,529
EMI for 5 year₹ 60,000 10.25% pa₹ 1,282

Documents Required to Apply for Instant Personal Loan of ₹ 60000

Submit the following documents to apply instant personal loan of ₹ 60000

  • Personal loan application form
  • Passport size photos
  • Identity proof: PAN card, Aadhar card (Both are mandatory)
  • Address proof: Driving license, PAN card, Passport, Voter Id card, Electricity/Telephone bill(last three months)
  • Income proof: Form 16, last three months salary slip, last six months bank statement (Salaried)
  • Income proof of self-employed: Bank account statements of last six months, balance sheet, P&L statement/previous year ITR
  • Business proof only for self-employed: Trade license, registration certificate by RBI, a copy of the partnership deed and documents related to Sales tax, VAT and Service tax as business proof

Steps to Apply for Personal Loan of ₹ 60000

A ₹60000 personal loan is easy to apply for. You can do it by visiting the bank’s official website or walking to the nearest bank branch. To apply with MyLoanCare, follow the given steps:-

  • Step 1: Fill personal loan application form
  • Step 2: Fill in required information like name, income, phone number, residence
  • Step 3: Click on ‘Get Quote’
  • Step 4: Enter the OTP which you have received on the entered mobile number.
  • Step 5: Click on ‘Submit’
  • Step 6: Now, fill in more information about existing loans, why you need a loan etc.
  • Step 7: Further, you will be redirected to the offers page, displaying offers as per your eligibility
  • Step 8: To help with the further process, the MyLoanCare executive will call you
  • Step 9: Once all the documents are submitted, a personal loan amount of ₹60000 gets credited to your account within a few days.


Which bank is best for a Personal Loan of ₹ 60000?

ICICI Bank, HDFC Bank, Axis Bank can be considered the best Bank for a personal loan of ₹ 60000 as it offers the lowest rates starting at 10.25%. Karur Vysya Bank also provides personal loans with low-interest rates.Further, based on customer service, IIFL can also be your option because it provides the best customer service for a ₹ 60000 personal loan with a rating of 4.8/5.

Can I get a Personal loan of Rs 60000 without collateral?

A personal loan is also known as a collateral-free loan because you are not required to pledge your asset as collateral. Most of the lenders offer personal loans without any collateral. However, if you do not meet any eligibility criteria but have a good relation with the lender, you may be required to bring in a guarantor to avail a personal loan.

What are the factors that affect the EMI of ₹ 60000 Personal Loan?

Personal loan EMI for ₹ 60,000 personal loan is dependent on factors such as loan amount, tenure and interest rate. A higher loan tenure lowers your personal loan EMI, whereas a lower tenure increases your loan EMI.

I need a 60000 rupees loan urgently. Should I apply for a Personal loan or a gold loan?

If you need ₹ 60000 rupees for any reason, you can apply for a personal loan. Lenders credit personal loan amounts within a few hours with minimal documentation. A gold loan is also a good option, but the loan approval can take a few days.

Can I get a personal loan of ₹ 60000 rupees if I don’t have a bank account?

Yes, you can get a personal loan even if you do not have a bank account. However, you must have at least one savings account or current account to manage your money.

Do I need a guarantor to take a personal loan of Rs 60000?

It is not necessary to have a guarantor to take personal money of ₹ 60,000. Few lenders may ask for a guarantor, especially if you have a low credit score. So, if you have a good credit score, then you do not need any guarantor.

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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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