Personal Loan for Urgent Need of Money

Personal Loan for Urgent Need of Money

Check your pre-approved offer for personal loan with just your phone and OTP and get the money you need urgently.

Rs. 40000 - Rs. 55 lakh

You may be eligible for a pre-approved offer

Enter mobile and OTP | Check offer | No branch visit needed

6 reasons why a personal loan is ideal when you need money urgently

Ever been in a spot where you really need some money right away? A personal loan might be just what you're looking for! It helps you pay for big things like a wedding, fixing your house, or even when you have a sudden medical bill. You don't have to put up any belongings as security, which makes it super easy and comfortable to get help quickly.

  • Money reaches you very fast:

    Personal loans get processed quickly – sometimes you can get the money in just 24 hours* if everything is good. It’s much faster than other ways of getting a loan. 

    Pro-tip: Always keep your documents ready to make things even quicker.

  • Super simple paperwork:

    If you apply online, all you need to do is upload a few documents. Some banks even come to your home to pick them up! You’ll usually just need things like proof of your age, address, bank details, and your job info. To see what you’ll need, check the application details here.

  • Use for anything you want:

    A personal loan can be used for any legal reason—from paying school fees to emergency bills or even making your home feel brand new. Other loans might tell you what the money can be spent on, but personal loans give you full freedom. Check if you have a pre-approved offer with just your phone number and OTP – and apply online to get the money urgently.

  • Pick a time that’s comfortable for repayment:

    You can choose how long you want to pay back the loan, sometimes up to 96 months. This helps keep your monthly payments easy. If you want to finish quickly, choose a short term! For more info on planning your loan tenure, check this page.

  • Everything is open and clear—no surprises:

    With lenders like Bajaj Finance, every fee is explained—there are no secret or hidden charges. You’ll know about things like processing fees and prepayment charges up front. So, no worries about surprise bills while you’re repaying.

  • Zero collateral needed:

    You don’t need to give any property or gold to the bank. As long as you have a good job and show you’re good with money, you’re good to go! No asset checks mean quicker and less stressful processing.

Know more about the advantages of personal loans that make them a top pick when you need cash fast

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What to think about before taking an emergency loan

  • Taking an emergency personal loan can save the day, but remember these important things:


    • Interest rates: Check rates from different banks before picking one. A high rate can mean more to pay back—try tools like this interest calculator to see what works best.
    • Loan Terms: Understand how long you’ll be paying back. Shorter terms cost more per month, but longer ones mean more interest overall.
    • Fees: Look for extra fees—processing or early closing charges—that might make the loan cost more.
    • Your credit score: The better your score, the better your offer. Good scores mean better interest rates! Want to learn more? Check the personal loan interest rate and charges.
    • Lender reputation: Pick a lender you trust. Search for reviews to find one with good customer service, so you don’t get stuck with problems.

    Additional Read: Can I get an instant loan

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Eligibility criteria and documents for personal loan

You can easily get the funds you need with the below criteria:

  • Eligibility criteria

    Personal loan eligibility criteria differ from lender to lender. You can qualify for a Bajaj Finance Personal Loan once you meet the five simple eligibility criteria mentioned below:
     

    • Nationality: Indian
    • Age: 21 years to 80 years.
    • Employed with: Public, private, or MNC.
    • CIBIL Score: 685 or higher.
    • Customer profile: Self-employed or Salaried


     

    *You should be 80 years or younger, at the end of the loan tenure.

  • Documents required

    The documentation requirements for a personal loan can vary from lender to lender. Below are the documents required to be submitted when applying for a Bajaj Finserv Personal Loan:


    • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
    • PAN card
    • Employee ID card
    • Salary slips of the last 3 months
    • Bank account statements of the previous 3 months
    • Piped gas bill
    • Pension order
    • Letter of Allotment of Accommodation Issued by Employer
    • Property / Municipal tax receipt
    • Utility bill
    • Phone bill
    • Real-time image / photograph
    • Ration card


     

    Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

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How to apply for personal loan

  • Step-by-step guide to apply for a personal loan

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

    Our representative will contact you for further steps.

Wrapping up


In short, a personal loan is an easy and comfortable way to get money right when you need it. With quick approval, simple paperwork, and no need for collateral, it helps you cover anything from emergencies to special plans without breaking a sweat. The secret is picking a plan that fits you best and reading all the details. Need urgent cash? A personal loan is just a few clicks away.

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Key offerings: 3 loan types

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.