Get personal loans up to ₹5 Lakhs in 5 minutes.

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Use Coupon code 'FESTIV75' to get
flat ₹75 OFF on processing fee

70000 Personal Loan

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Why Choose a ₹70000 Personal Loan?

Whether it is relocation, home renovation, travel or unexpected medical expenses, an instant personal loan is a convenient option. You don’t need to dig into your savings each time such expenses come up. You can apply for a personal loan of ₹70000 on Zype that provides you with instant access to funds at affordable interest rates. The best part is, once the loan gets approved, the money is directly transferred to your account in under 24 hours.

All you have to do is just download the Zype app and complete the basic application process. The best part is Zype processes loan applications in under 8 minutes. Once the applicant fulfils the eligibility criteria, the loan is approved and once approved, it takes less than 60 seconds to get a credit offer. If the applicant, the loan gets approved within 60 seconds. The money is disbursed in your bank account within 24 hours.  

Features & Benefits of Choosing a ₹70000 Personal Loan from Zype

Zype offers ₹70000 personal loans at affordable interest rates with flexible loan tenure.  

Affordable Interest Rate

Zype offers personal loans at an affordable interest rate, starting as low as 1.5%.

No collateral

You get access to instant loan without pledging any collateral. Zype offers unsecured personal loans upto ₹5,00,000.

Flexible Repayment

You can opt for a flexible repayment structure between 3 to 12 months, making it easier to manage your finances.

No Documentation

Loan application is paperless. You only need to provide your basic details along with PAN and Aadhar card details.

Approval under 60 seconds

Once the loan application gets accepted, Zype approves the loan in under a minute.

Instant Disbursal

The loan amount is directly disbursed in your account. Zype provides immediate financial relief giving you quick access to funds for any financial requirements like medical bills, home repairs or any other financial needs.

How to Calculate Your ₹70000 Personal Loan EMI?

It is imperative to know how to calculate EMI for personal loans. It will help you manage the repayment efficiently along with other expenses. To calculate EMI for ₹70000, use Zype’s online loan EMI calculator. It calculates the total interest rate and EMI amount, for the interest rate and tenure you choose.

You can also calculate the EMI for ₹70000 manually, using the formula:  

E = [70000 * R * (1+R)^N ] / [(1+R)^ N-1] 

Where,  

E – EMI you need to pay per month 

R – Monthly interest rate. To calculate the monthly interest rate, divide the interest rate by 12 and then multiply by 100 to turn it into a decimal 

N – It is the loan tenure in months 

EMIs of ₹70000 Personal Loan for 6-12 Months Tenure

To calculate the EMI amount, you can use Zype’s easy EMI calculator. Here is an example of EMI breakdown, to help you understand repayment:  

Repayment is easy as Zype offers flexibility for instalments. You can opt for either 6,9 or 12 months of loan tenure period. Utilize the calculator before you apply for a loan and understand the EMI amount as per the loan tenure you choose. A clear understanding of the repayment will help you manage your finances and make the loan repayment easier. 

Loan Amount Interest Rate Tenure (in months) EMIs in INR 
₹70000 15% 
612182.37
8271.94
12 6318.08

Note: These numbers are for representation purposes only. Actual numbers may vary.

Documents Required for Getting a Personal Loan up to ₹70000

On Zype, loan applications are hassle-free requiring no documents. To apply for personal loan upto ₹70000 here is what you need: 

Photo Identity

Once your credit offer gets generated, you are required to do a selfie verification to complete KYC.

Mandatory Requirement

For loan application, you are required to enter your PAN and Aadhar card details with other basic details to get credit line offer.

Income Proof (Optional)

If you plan on applying for a higher loan amount, you may be required to submit your income proof or bank statement for the last 4 months.

Eligibility Criteria for ₹70000 Personal Loan

To be eligible for ₹70,000 personal loan, you need to fulfil the following criteria:  

Age

The individual must be above the age of 18 to be eligible for a loan application.

Mandatory Requirement

Loan applicants are required to submit their PAN and Aadhar card details.

Employment Proof

Lenders check if the borrower can repay the loan in time. For this, they require proof of income or salary slip. Zype offers personal loans for salaried employees.

Credit Score

Credit history and credit score are important for loan approval. A high credit score increases your chances of loan approval. Most lenders require a credit score of 700 and above to approve a personal loan.

Interest Rates on a ₹70000 Personal Loan

The interest rate on the ₹70000 personal loan is decided based on your credit score, monthly income and repayment history. If you have a high credit score, you can negotiate to get a loan at lower interest rates. 

Zype offers flexible loan tenure at affordable interest rate, while also being transparent about processing fees and any other charges. 

Fees ChargesDetails
Interest RateInterest rate starting at 1.5% (monthly)
Loan Processing ChargesProcessing fees is between 2% to 6% on each personal loan
Interest on Overdue EMIs There are late fees on late payment and penalties on missing a payment. Penalties are levied for each day, till the date you pay the due EMI.

How to Apply for a ₹70000 Personal Loan?

Zype offers instant loans at affordable interest rates. You can apply for an instant loan and get easy access funds, in case of any financial emergencies like medical bills, travel, expensive purchases and so on.  To apply for a ₹70000 personal loan: 

  • Sign up with your basic details like address, employment details, email address, PAN to complete the application process. 
  • Zype processes the loan application in under 8 minutes  
  • Based on the borrower’s profile, Zype approves the loan within 60 seconds  
  • After the loan gets approved, the borrower must complete the KYC. To do this you need to link your Adhar with mobile OTP and real time selfie verification.  
  • After KYC process completion, select the loan amount and repayment tenure that best suits you. You can also use an EMI calculator, to calculate the EMI amount that best suits you. 
  • The loan is disbursed in the account within 24 hours.

Frequently Asked Questions

What Is The Monthly Payment On A 70k Loan?

You need to know your interest rate and loan term to know the monthly payment on a 70K loan. You can then calculate it using any online EMI calculator. 

What Is The Processing Time For A Rs 70,000 Personal Loan?

Zype offers personal loans with a processing time of less than 60 seconds for approval and up to 24 hours for disbursement. 

Can I Get A Personal Loan Of Rs 70,000 Without Any Collateral?

Yes, you can get a personal loan of Rs 70,000 without any collateral. Lending platforms like Zype offer instant personal loans upto 2 lakhs.

What Credit Score Do I Need For An Instant Rs 70,000 Loan?

To get a ₹70000 loan approved on Zype, you need a credit score of minimum 700. Besides that, you need to fulfil the loan eligibility criteria as well. 

Can I Avail Rs 70,000 Loan Without Documents?

Yes, you can avail Rs. 70,000 loans without documents. Many lenders like Zype require only basic details along with PAN & Aadhar details for loan application. 

Can I Avail Rs 70,000 Loan Without Income Proof?

Yes, you can get ₹70,000 loan without income proof. On Zype, you are required to apply by PAN or Aadhar number and once approved, you receive a credit line offer in less than 60 seconds. 

What Is The Minimum Salary Required For A 70000 Personal Loan?

For a ₹70000 personal loan, the minimum salary required will vary across lender. Zype requires a minimum salary of ₹15,000 for loan eligibility. 

What Will Be Emi For 70,000 Personal Loan?

The EMI for a personal loan of ₹70,000 depends on the interest rate and the tenure. You can calculate EMI using any EMI calculator available online. 

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