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Rs. 40,000 - Rs. 55 lakh
You may be eligible for a pre-approved personal loan offer
Enter mobile and OTP | Quick online approval | Get money in a day*
Steps to apply for a personal loan
Follow the simple steps to find out exactly how much you can borrow and complete your application online in just 5 minutes.
- Simply check your pre-approved offer by entering your mobile number and OTP.
- Go ahead with your pre-approved offer or enter the amount you need to borrow.
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- Enter the loan amount that you need. Choose from our personal loan variants.
- Choose the repayment tenure - you can select tenure options of 12 months to 108 MONTHS and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will call you for the next steps. The loan amount will be transferred to your bank account after successful verification of your documents.
Benefits of choosing Bajaj Finance Personal Loan
Choosing the right lender plays an important role in managing your finances effectively. Bajaj Finance offers a personal loan solution designed for convenience, flexibility, and transparency, helping borrowers meet their financial needs with ease.
- Quick and hassle-free process: Bajaj Finance provides a smooth application journey with fast approvals and minimal documentation, reducing delays and paperwork.
- Flexible repayment tenures: Borrowers can select repayment tenures that align with their income and budget, making EMIs easier to manage.
- Easy EMI planning: The personal loan EMI calculator helps estimate monthly instalments in advance for better financial planning.
- Simple eligibility assessment: Applicants can check eligibility quickly using the personal loan eligibility criteria to improve approval confidence.
- Competitive interest rates: Transparent pricing allows borrowers to review personal loan interest rates and choose affordable repayment options.
With flexible terms, quick processing, and flexible repayment tenure Bajaj Finance Personal Loan provides a reliable and convenient borrowing option to meet diverse financial needs confidently.
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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Frequently asked questions
Overview
Application
Eligibility
To obtain an immediate personal loan, explore NBFCs or online lending platforms. Complete the application with accurate information, including financial details and employment history. Ensure a good credit score for better approval chances. Compare interest rates and terms before finalising the loan agreement.
To secure a personal loan for the first time, assess your credit score, gather financial documents, and create a budget. Research lenders offering loans to individuals with limited credit history. Apply online or in person, with steady income and responsible financial habits. Compare offers, select the best terms, and complete the application process.
With Bajaj Finance Personal Loan, getting approval is easy. You just have to meet the simple eligibility criteria and keep the required documents ready to get approval on a personal loan. Depending on your profile, you may even have a pre-approved offer. Check your personal loan offer with just the mobile number and OTP.
With a Bajaj Finance Personal Loan you can borrow amount ranging from Rs. 40,000 - Rs. 55 lakh which you can repay over the loan tenure ranging from 12 months to 108 MONTHS.
Bajaj Finance may approve and disburse a personal loan within 24 hours* after successful verification and document submission, depending on eligibility and lender checks.
Yes, many lenders offer instant personal loans, especially for pre-approved customers. Online applications and digital processes ensure quick approval and disbursal, often within a few hours.
Yes, Bajaj Finance provides pre-approved personal loan offers for eligible customers. You can check your personalised offer instantly online with just a few basic details.
To start the personal loan application process, click on 'CHECK ELIGIBILITY' on this page. Now, enter your contact details, and verify the OTP sent to your phone. Fill in the application with your basic details and click on proceed. Then, enter the loan amount that you need. Complete your KYC and submit your loan application.
Yes, you can apply for a personal loan even if you have an existing loan. But please note that your loan repayment capacity will be checked before approving your loan application.
If your personal loan application is rejected, check the eligibility criteria, improve your credit score, and reapply once the issues are resolved.
Following are the documents required to apply for a Bajaj Finance Personal Loan:
- 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
- Real-time image / photograph
You can use our Personal Loan EMI Calculator to calculate your EMIs.
Common reasons include a low credit score, insufficient income, unstable employment, high existing debts, or errors in your application. Ensure eligibility criteria are met and documents are accurate to avoid rejection.
No, making multiple applications can harm your credit score as lenders view it negatively. For a Bajaj Finance Personal Loan, you can check your eligibility with just your mobile number and OTP.
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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