How can pensioners get a personal loan

Read on to know how to get a personal loan for pensioners. Know the process and eligibility.
How can pensioners get a personal loan
5 min read
29 Mar 2023

A personal loan is a quick and easiest way to take care of different financial needs, especially ones that come up without any warning. In that case, you can avail of a personal loan and manage your unexpected needs including medical expenses, higher education for your children, or even home repairs.

And no matter how old we are, there will always be a situation where we have to manage our emergency financial issues. Sometimes, no amount of savings is enough to cover those expenses that arise out of an emergency.

In times like these, a personal loan for pensioners who get a steady income from their retirement fund can cover unplanned expenses or significant purchases.

With a wide age criterion of up to 80 years*, Bajaj Finance also offers loans for pensioners. Borrowers who are 80 years* or younger at the end of the loan tenure can avail of a Bajaj Finserv Personal Loan to meet all their planned or unplanned expenses.

In addition to this, here is a list of eligibility criteria an individual has to meet to get a personal loan from Bajaj Finance:

  • Nationality: Indian.
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL Score: 685 or higher.
  • Monthly salary: Starting at Rs. 22,000, based on your city.

Once you meet all the eligibility criteria, you will need to submit a few basic documents to complete the loan application process.

  • KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID.
  • Employee ID card.
  • Salary slips for the last 3 months.
  • Bank account statements for the previous 3 months.

All you need to know about Bajaj Finserv Personal Loans

  • You can now manage your expenses with loans ranging from Rs. 1 lakh to Rs. 40 lakh.
  • Quick processing
  • Flexible repayment periods ranging from 6 months to 96 months.
  • Money in your account in 24 hours*

You can expect the funds to be deposited into your bank account within 24 hours*, and sometimes even on the same day of approval.

Here is a step-by-step process on how to obtain a Bajaj Finserv Personal Loan:

  • Visit our personal loan page.
  • Now click on ‘APPLY’ at the top of the page to access our online application form.
  • Enter your 10-digit mobile number and check the OTP that was sent to your phone.
  • Fill out the application form with your full name, PAN card, date of birth, and PIN code.
  • Now, click "PROCEED" to go to the page where you can choose a loan.
  • Type in the amount you want to borrow. You can choose between our three types of personal loans: Term, Flexi Term, and Flexi Hybrid.
  • Choose your loan tenure. You can choose between 6 months and 96 months.
  • Then click "PROCEED."
  • Fill out your KYC information and send in your application.

Our executive will direct you through the next steps. After your documents have been successfully verified, the loan amount will be transferred to your bank account.


While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply