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Bajaj Finserv App

Personal Loan
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Get Rs. 20 Lakh Personal Loan

Be it business investments or funding your child’s higher education, avail Rs.20 Lakh loan from Bajaj Finserv and fulfil all your funding requirements with ease. The simplified application process and minimal documentation requirements make availing these loans quick and easy.

Receive instant approval after application and access the funds in your account within 24 hours*.

  • Features and Benefits of Rs.20 Lakh Personal Loan

  • Non-collateralised loans

    You don’t have to collateralise an asset to avail personal loans since these are unsecured advances.

  • Receive approval within a few minutes

    Get approval of your instant loan of Rs.20 lakh within a few minutes of applying. Fill up a simple application form online to proceed.

  • Get funds within 24 hours*

    Receive the funds in your account within 24 hours* when you apply for 20 lakh loan online with Bajaj Finserv.

  • Minimal documentation

    Submit only a few documents

    Provide only a few essential documents to complete the application process. Minimum paperwork facilitates instant availability of funds when you need 20 lakh loan urgently.

    Those with a bad credit score can also apply for the loan with a few documents and avail the advance at negotiated terms.

  • Pre-approved offers

    Pre-approved offers

    The Bajaj Finserv pre-approved offers reduce the time required to avail loans by simplifying the sanctioning process. Provide a few essential details to check your pre-approved offer.

  • Manage loan account online

    Stay updated of your loan account online and track essential details like EMI due date, EMI amount, etc. on the go with the Bajaj Finserv customer portal Experia.

  • Tenor of up to 60 months

    Repay the loan in affordable EMIs over a tenor extending up to 60 months. Use a personal loan EMI calculator to check your monthly instalments based on the loan amount and tenor of your choice.

  • No hidden charges

    The urgent loan of 20 lakh rupees comes with zero hidden charges as all the associated terms and conditions are 100% transparent.

  • Flexi Loan facility

    Address your immediate financial requirements with Flexi Personal Loans. Pay interest only on what you withdraw from a pre-sanctioned loan amount and make EMIs affordable.

Eligibility Criteria for Rs.20 Lakh Personal Loan

Take note of the personal loan eligibility criteria mentioned below before applying.

Eligibility Criteria Requirements
Occupation Salaried or self-employed
Age Between 23 and 55 years
Nationality Residing Indian citizen
CIBIL score 750 and above

Check the loan amount you are qualified for against your income and other factors with the help of a personal loan eligibility calculator.

Interest Rates and Charges for Rs.20 Lakh Personal Loan

The fees and interest rates associated with Bajaj Finserv Personal Loan are mentioned below.

Charges Applicable Rate/Amount
Interest rates 12.99% and above
Processing fees Up to 4.13%
Secure fee Rs.4,499(Only for online approval)
Bounce fees Rs.600 to 1,200 (including taxes)
Penal interest Rs.200 or 2% + taxes on EMI (whichever is higher)

How to Apply?

Apply for Rs.20 lakh loan within minutes by following the steps mentioned below.

  • Step 1 – Fill out the online application form with your personal, employment and financial details.

  • Step 2 – Choose the required loan amount and the repayment period.

  • Step 3 – Submit all essential documents to the visiting Bajaj Finserv representative at your provided address.

  • Step 4 – Receive the funds in your account within 24 hours* of approval.