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₹ 70,000 Personal Loan

Apply Personal Loan of ₹ 70,000 Online

Last Updated 05th Dec 2021

  • Top Banks and NBFCs offer ₹ 70,000 Personal Loan at competitive interest rates.
  • You can avail of a personal loan online anytime to pay off medical bills, debts or education fees.
Interest rate10.25% p.a Check Offers
ProfessionSalaried employees and Self-employed professionals
Age18 to 65
TenureUp to 84 months
Processing FeesUp 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 ₹ 70,000

A personal loan is an unsecured loan, thus, you do not have to pledge any security or collateral. Banks and NBFCS offer ₹ 70,000 personal loan online. You can get the lowest interest rate of 10.25% pa if you have a credit score above 650. The benefit of a online personal loan is that it gets disbursed quickly within 72 hours for loan approval, if all the documents submitted are correct.

Eligibility Criteria to get Best Personal Loan of 70000 Rupees Online

₹ 70,000 personal loan is available for salaried and self employed, based on the following eligibility criteria:

  • Citizenship : Must be an Indian citizen
  • Age : If you are salaried you must be aged between 18 to 65. However, self-employed people with a minimum age of 23 years can avail personal loan of ₹ 70,000.
  • Minimum income : Minimum income required to avail ₹ 70,000 personal loan is ₹ 25,000.
  • Work experience : You must have a total work experience of three years, with at least six months of experience in your current organisation.
  • Credit score : You must have a credit score above 650

Interest Rates, Processing Fee and Other Charges on Rs. 70,000 Personal Loan

BanksInterest RateProcessing FeePre Payment 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

70K Personal Loan EMI with Different Tenors

The ₹ 70,000 lakh personal loan EMI is different for every tenure and interest rate. The emi is dependent on various factors like interest rate, tenure and loan amount. Check EMI calculation for loan amount ₹70k for different tenures for up to 5 years at the lowest personal loan interest rate of 10.25% pa.

TenureInterest rateEMI
EMI for 1 year10.25%₹ 6,162
EMI for 2 year10.25%₹ 3,238
EMI for 3 year10.25%₹ 2,267
EMI for 4 year10.25%₹ 1,784
EMI for 5 year10.25%₹ 1,496

Documents Required to Apply Instant Personal Loan of Rs. 70000

Following documents are required to apply instant personal loan of₹ 70,000

  • Lender’s personal loan application form with two coloured passport size photograph
  • Identity proof: PAN card, Aadhar card
  • Address proof: Driving license, PAN card, Passport, Voter Id card, Electricity/Telephone bill (last three months)
  • Income proof for salaried: Form 16, last three months salary slip, last six months bank statement
  • Income proof of self-employed: Bank account statements of last six months, balance sheet, P&L statement/previous year ITR
  • Business proof: 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 of self-employed

Note : Banks may ask for extra documents on a case-to-case basis

Steps to Apply Personal Loan of ₹ 70,000 Online

You must perform the following steps to apply for a loan with MyLoanCare:-

  • Step 1: Fill in the personal loan application form with information like name, occupation, income, phone number, Pincode, company you are working in etc
  • Step 2: Click on ‘Get Quote’.
  • Step 3: Enter the OTP which you have received on the entered mobile number.
  • Step 4: Click on ‘Submit’.
  • Step 5: Now, fill in more information about existing loans, why you need a loan, current work experience etc.
  • Step 6: You will be redirected to the offers page.
  • Step 7: To help with the further process, the MyLoanCare executive will call you
  • Step 8: Once all the documents are submitted, a personal loan amount of ₹70000 gets credited to your account within a few days.


Which bank is best for a Personal Loan of ₹ 70,000?

Best banks to avail personal loans of ₹ 70,000 are, Axis Bank, IndusInd Bank, and Federal Bank. Currently, these banks are charging the lowest interest rate of 10.49%, 10.49% and 10.49%, respectively. OBC can also be your option because it provides the best customer service rating of 5/5.

Can I get a Personal loan of ₹ 70,000 without collateral?

A personal loan is an unsecured loan, thus you are not required to pledge assets as collateral. However, you must have a strong credit history because your personal application might get rejected if your score is low.

What are the factors that affect the EMI of ₹ 70,000 Personal Loan?

Personal loan EMI on ₹ 70,000 loan is dependent on factors such as loan amount, rate and tenure. You can avail a personal loan upto 84 months with a minimum rate of 10.25%. The larger the tenure, the smaller will be the EMI and vice versa.

I need a ₹ 70,000 rupees loan urgently. Should I apply for a Personal loan or a gold loan?

When you need funds urgently you must go for a personal loan because your personal loan amount gets disbursed within no time, or let’s say before a gold loan. The gold loan verification process can take time when compared to a personal loan.

Can I get a personal loan of ₹ 70,000 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. But it is always a good idea to have a bank account, especially if you have a bank account with the same lender then there are chances that you get a lower interest rate.

Do I need a guarantor to take a personal loan of ₹ 70,000?

No, you will not need a guarantor for a personal loan of ₹ 70,000 because it is an unsecured loan. There might be a case where a lender can ask if the credit score is low. To increase the credit score you must pay all your bills on time.

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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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