Digital Personal Loan for Salaried Employees

Here is how you can get a digital personal loan from us by following our quick and hassle-free online process.
Digital Personal Loan for Salaried Employees
5 min read
04 May 2023

There will always be times when unanticipated costs arise and covering some large expenses with your regular monthly income can be difficult. This is because you may have planned to utilise your income to cover scheduled monthly expenses like fixed investments, travel, children’s education, etc. With such heavy monthly financial commitments, you may not have enough surplus funds to handle hefty payments in one go. In such a case, a personal loan for salaried employees can come in handy. This loan is available to any employee who meets the lender's eligibility requirements. Employees working in private or public organisations can apply for personal loans digitally.

What is a digital loan?

A digital loan is a type of funding instrument that is available through digital lending platforms such as mobile apps or websites. The most popular type of digital loan today is a personal loan. It is an unsecured loan where a borrower is not required to put any collateral as security. This form of loan is great for people who need funds quickly to meet an emergency financial need.

Bajaj Finance Personal Loans are an excellent option for people looking for a digital loan with a simple application process that can be completed from the comfort of your home. You may get a digital personal loan of up to Rs. 40 lakh to cover all kinds of expenses.

Who to get a digital personal loan for salaried employees?

Any salaried professional who meets the basic personal loan eligibility criteria can apply for a Bajaj Finserv Personal Loan online. Once you meet all the eligibility criteria, you may need to submit documents to complete your application. You can follow this step-by-step guide to apply for digital personal loans by Bajaj Finance:

  • Visit the personal loan page on our website
  • Click ‘APPLY’ at the top of the page to open our online application form
  • Enter your 10-digit mobile phone number and the OTP sent to your phone
  • Fill out the application form with basic information, such as your full name, PAN, date of birth, and PIN code
  • Now, click 'PROCEED' to go to the loan selection page
  • Enter the loan amount you require. Choose between our three variants of our personal loans: Term, Flexi Term, and Flexi Hybrid
  • Choose a repayment term ranging from 6 months to 96 months, and then click 'PROCEED'
  • Complete your KYC requirements and submit your application

After your papers have been checked and approved, the loan amount will be sent to your bank account.

What is the difference between a regular personal loan and a digital personal loan?

Documents required:

Documentation requirements for offline personal loans can be long, time-consuming and overwhelming. You may also need to provide photocopies of all your documents. Whereas online personal loans require minimal documentation with the benefit of submitting them online.

Here is the required documentation for our personal loans:

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

Processing time:

There is a large difference in processing time between an online and an offline application. Your online application can be approved instantly. Moreover, the loan disbursal is also very quick. You can get a Bajaj Finserv Personal Loan within 24 hours* of approval. However, for an offline application, the documents will have to be submitted in person, and verification of the documents might take longer.


If you want to get a personal loan offline, you will have to go to the lender's office and hand in some forms along with the necessary documents. However, if you apply for a digital personal loan, the entire process is conducted online. You can electronically fill up and submit your documents and the money will be sent into your bank account digitally.


You must visit the office of each lender and request information if you want to compare different offline personal loan offers. This can be tiring and can take a lot of time. With an online personal loan, you can look at multiple loan options at the same time and compare them conveniently. This lets you choose the best loan for your needs.

You can also take advantage of the personal loan EMI calculator to quickly figure out how much you must pay towards your loan each month.

Click here to learn about our personal loans


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