A Bajaj Finance Personal Loan does not require a guarantor or collateral. Eligible applicants can apply independently, subject to the applicable eligibility criteria, credit assessment and verification. Before applying, check the eligibility requirements, prepare the relevant documents and compare the repayment terms with your monthly budget.
Do you meet the eligibility criteria?
Review the applicable criteria before starting an application. Meeting the stated requirements does not guarantee approval.
| Eligibility criterion | Requirement |
|---|
| 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.
Last reviewed: 23 October 2026.
No collateral or guarantor is required. Approval remains subject to eligibility, verification and credit assessment. Applicants should confirm that their employment and income profile meets the applicable requirements.
Before proceeding, check your personal loan eligibility and assess whether the available borrowing terms suit your income and existing commitments.
Which documents may you need?
The documents requested depend on your profile and application. You may need identity, address, income or employment documents for verification.
- 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
Not every applicant needs every document. Confirm the final checklist during the application process, as additional information may be requested.
What interest rates and charges apply?
The cost of a Bajaj Finance Personal Loan includes interest and applicable fees. Compare the total repayment amount, not just the monthly EMI, before accepting an offer.
The applicable interest rate is 10% to 30.5% per annum, subject to applicable terms and customer eligibility.
| Charge | Amount |
|---|
| Interest rate | 10% to 30.5% per annum, subject to applicable terms and customer eligibility |
| Processing fee | Up to 4.13% of the loan amount, inclusive of applicable taxes |
| Bounce charges | Rs. 700 to Rs. 1,200 per bounce |
| Penal charge | Up to 36% per annum on the overdue instalment |
| Part-prepayment (Term Loan) | Up to 4.72% of the principal prepaid, inclusive of applicable taxes |
| Foreclosure (Term Loan) | Up to 4.72% of the outstanding principal, inclusive of applicable taxes |
| Part-prepayment (Flexi Dropline and Flexi Hybrid Loans) | No charge |
| Flexi facility charge | Rs. 11, inclusive of applicable taxes |
Last reviewed: 23 October 2026.
Read the Key Facts Statement (KFS) and repayment schedule before accepting the offer. Check the Annual Percentage Rate (APR), applicable charges and the amount payable over the full tenure.
For further details, refer to Bajaj Finance Personal Loan interest rates and charges.
How do you apply for a personal loan without a guarantor?
You can apply online by following the application steps below. Review the offer and confirm that the EMI fits your budget before proceeding.
- Check loan eligibility: Enter the required loan amount and repayment period, then select CHECK LOAN OFFER.
- Enter personal details: Provide the requested personal, financial and employment information to receive a personalized offer.
- Review the loan offer: Check the loan amount, interest rate, charges and tenure. Adjust the amount or repayment period if needed.
- Complete KYC verification: Follow the instructions to verify your identity and bank details.
- Complete the application: Submit the requested information and follow any further instructions from the loan specialist.
The process may differ for new and existing customers, and additional documents may be required. Approval and disbursal remain subject to applicable terms and verification.
Before proceeding, calculate how the EMI fits alongside your existing repayments and essential expenses. Borrow only an amount you can repay without relying on uncertain future income.
Once you have reviewed the eligibility criteria, documents and charges, you can check your personal loan offer from Bajaj Finance. Subject to approval and verification, funds are disbursed within 24 hours* of approval.
