Personal loan for urgent financial needs

Money reaches you very fast:

Personal loans are processed quickly, with disbursal possible within 24 hours*, subject to approval.

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

Super simple paperwork:

If you apply for a personal loan online, you only need to upload a few documents, including identity, address, and income proof.

Use for anything you want:

A personal loan for urgent need of money can be used for any legal purpose, such as education expenses, medical bills, or home improvement. 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 a repayment tenure that suits your needs, ranging from 12 months to 108 months. This helps manage your monthly instalments more comfortably. For more details on planning your loan tenure, refer to this page.

Everything is open and clear—no surprises:

With lenders like Bajaj Finance, all charges are clearly disclosed upfront. This includes processing fees and prepayment charges, ensuring complete transparency throughout the loan tenure.

Zero collateral needed:

A personal loan for urgent need of money does not require any collateral, such as property or gold. Approval is based on factors like income, employment status, and CIBIL score. This simplifies the process and enables faster loan processing.

An emergency personal loan can help manage urgent expenses. However, it is important to review the following factors before applying:

• Interest rates: Compare interest rates offered by different lenders. Rates typically range from 10% and 30% p.a. A higher rate increases the total repayment amount.
• Loan amount and tenure: Choose a loan amount between Rs. 40,000 to Rs. 55 lakh based on your needs. Repayment tenure can range from 12 months to 108 months, allowing flexibility in managing EMIs.
• Fees and charges: Review all applicable charges, including processing fees and prepayment charges, to avoid unexpected costs during repayment.
• CIBIL Score: A CIBIL Score of 650 or above can improve your eligibility and help you secure better loan terms.
• Repayment capacity: Ensure that the monthly instalment fits within your budget to avoid financial stress.
   

Additional Read: Can I get an instant loan

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: 650 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

  
  

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

Follow these simple steps to apply for a personal loan for urgent financial needs:

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.