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Rs. 40,000 - Rs. 55 lakh
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How to get a personal loan quickly
A personal loan can help meet planned or unexpected expenses such as medical emergencies, home renovation, education, travel, or debt consolidation. Today, eligible applicants can apply for a personal loan online, making the process faster and more convenient. Understanding the eligibility criteria, required documents, and application process can help you apply with confidence.
With a Bajaj Finance Personal Loan, eligible applicants can get loan amounts ranging from Rs. 40,000 to Rs. 55 lakh. Check your eligibility using your mobile number and OTP through a 100% online process.
Eligible applicants can also check their pre-approved offer in just two steps and receive funds within 24 hours* of approval.
Online personal loan
Applying for a personal loan online is one of the quickest ways to access funds. The online application process allows eligible applicants to apply from anywhere, upload documents digitally, and track their application without visiting a branch. With a Bajaj Finance Personal Loan, you can get funds from Rs. 40,000 to Rs. 55 lakh. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
Personal loan eligibility
Eligibility criteria vary by lender and may depend on factors such as:
| 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 for a personal loan
Documentation requirements for a Bajaj Finance Personal Loan are minimal. Five document categories are required at the time of application:
| Document Category | Accepted Options |
|---|---|
| KYC proof | Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card |
| Identity proof | PAN card, Real-time image / photograph |
| Employment proof | Employee ID card, Letter of Allotment of Accommodation Issued by Employer |
| Income proof | Salary slips — last 3 months, Bank account statements — last 3 months |
| Others | Pension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt |
Know more about the personal loan documents required during application.
Tips to get a personal loan quickly
Following a few simple steps before applying can help make the personal loan application process smoother. While approval depends on the lender's assessment and eligibility criteria, being prepared may reduce delays.
Maintain a healthy CIBIL Score:
A good CIBIL Score reflects responsible credit behaviour and may strengthen your personal loan application.
Check the eligibility criteria:
Review the lender's eligibility requirements before applying to ensure you meet the basic criteria related to age, income, employment, and other factors.
Keep your documents ready:
Arrange the required KYC, income, and address documents in advance to help avoid delays during verification.
Provide accurate information:
Enter correct personal, employment, and financial details in your application. Incorrect or incomplete information may slow down the assessment process.
Apply for a suitable loan amount:
Choose a loan amount that matches your financial needs and repayment capacity. Applying for a realistic amount may support a smoother application process.
Apply online:
Using the lender's online application process can make it easier to submit documents, track your application, and complete the process from anywhere.
Getting a personal loan quickly is easier when you understand the eligibility criteria, keep the necessary documents ready, and choose a suitable loan amount. Eligible applicants can check their Bajaj Finance Personal Loan offer online using their mobile number and OTP and complete the application through a simple digital process.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Overview
You can apply for a personal loan online if you meet the lender's eligibility criteria. Eligible applicants may receive quick approval and fast disbursal, subject to the lender's assessment. With a Bajaj Finance Personal Loan, you can get the funds within 24 hours* of approval. Check your offer in just 2 steps and apply online to get our loan.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000