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₹ 80,000 Personal Loan

Apply Personal Loan of ₹ 80,000 Online

Last Updated 05th Dec 2021

Interest Rate10.25% Check Offers
ProfessionSalaried employees and Self-employed professionals
Age18 to 65 years
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 ₹ 80,000

Personal loan upto ₹ 80,000 is offered at competitive interest rate for up to 10.25% without any collateral. With MyLoanCare you can get best offers on ₹ 80,000 personal loan online. You can take a loan for maximum tenure of 84 months to pay off debts, medical bills, education fees etc. To check how much EMI you will have to pay on ₹ 80,000 personal loan online you can use MyLoanCare EMI calculator.

Eligibility Criteria to get Best Personal Loan of 80,000 Rupees Online

Every bank has a different eligibility criteria but the general criteria is given below:-

  • Indian citizen living in India.
  • A salaried employee should be between age 18 years- 65 years and self-employed should be between age 21 years- 65 years.
  • Salaried employee should be earning more than ₹ 1,200 whereas a self-employed must earn at least ₹ 12,500 per month.
  • 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.
  • To avoid loan rejection you must have a credit score of 650 or above.

Interest Rates, Processing Fee and Other Charges on Rs. 80,000 Personal Loans

BanksInterest 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%
Tata Capital
10.49%Upto 2.50% of Loan AmountRs. 1,000 to Rs. 5,000
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

80k Personal Loan EMI with Different Tenors

You can calculate EMI on the ₹80,000 personal loan online for different tenures using the MyLoanCare EMI calculator. The EMI is different for every tenure and interest rate. The EMI for tenures upto five years at the lowest personal loan interest rate of 10.25% pa, is listed in the table below:

TenureInterest RateEMI
EMI for 1 year10.25% pa₹ 7,043
EMI for 2 year10.25% pa₹ 3,701
EMI for 3 year10.25% pa₹ 2,591
EMI for 4 year10.25% pa₹ 2,039
EMI for 5 year10.25% pa₹ 1,710

Documents Required to Apply Instant Personal Loan of ₹ 80,000

Following are the documents required to apply for instant personal of ₹ 80,000

  • Personal loan application form with passport size photos
  • Identity proof: PAN card, Voter Id card, Aadhar card or Driving license
  • Address proof: Passport, Voter Id card, Electricity/Telephone bill(last three months) or Driving license
  • Income proof: Last three months salary slip, and form 16, Last six months bank statement (Salaried)
  • Bank account statements of last six months, balance sheet, P&L statement/previous year ITR (self-employed)

Steps to Apply Personal Loan of ₹ 80,000

You can apply for a personal loan online via MyLoanCare. Perform the following steps to apply with us:-

  • Step 1: Fill in the Personal Loan Application Form
  • Step 2: Fill in the required information in personal loan form like name, income, phone number, residence
  • Step 3: Click on ‘Get Quote’
  • Step 4: Enter the OTP
  • Step 5: Click on ‘Submit’
  • Step 6: Now, fill in more information about existing loans, why you need a loan, Are you paying current EMI’s 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


Which bank is best for a Personal Loan of ₹ 80,000?

The best banks for a personal loan if you wish to take loan amounts up to ₹80000 are ICICI Bank, HDFC Bank, Axis Bank. The interest rate of these banks is 10.25%, 10.25%, 10.49% respectively. IIFL can also be your option because it provides the best customer service with a rating of 4.8/5.

Can I get a Personal loan of Rs 80,000 without collateral?

Yes, you can get ₹80000 personal loan without collateral as a personal loan is an unsecured financing option and thus you are not asked to pledge your asset as collateral. However, even though it is an unsecured loan, you might need a guarantor if you have a low credit score.

What are the factors that affect the EMI of ₹ 80,000 Personal Loan?

Loan amount, interest rate, and loan tenure affect the Rs.80,000 personal loan EMI. To calculate the EMI, you can use a personal loan EMI calculator. It is an online tool that helps you determine the affordable EMI based on your eligibility. For example, if you fulfil all the eligibility criteria, you might get a loan at the lowest interest rate, which will reduce your EMI.

I need a 80,000 rupees loan urgently. Should I apply for a Personal loan or a gold loan?

You can apply for an instant personal loan if you need finances urgently. Lenders credit loan amount of instant personal loan within a few hours. However, this is possible only if all the documents are submitted, and there is no discrepancy in that.

Can I get a personal loan of 80,000 rupees if I don’t have a bank account?

Yes, you can get a personal loan if you do not have a bank account. However, it will always benefit you if you have it; otherwise, you might have to pay a higher interest rate, which means higher EMI.

Do I need a guarantor to take a personal loan of Rs 80,000?

Usually, a financial institute does not ask for a guarantor. But a few banks and NBFCs may ask for a guarantor, especially if you have a low credit score. A guarantor is required to prove the authenticity of a borrower.

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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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