FAQs
Video
Rs. 40,000 - Rs. 75 lakh
You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | No branch visit needed
Individuals seeking quick funds often find a personal loan to be the optimal choice. These loans provide financial versatility by offering lump-sum amounts for a variety of purposes. Unsecured in nature, personal loans usually come with fixed interest rates and predetermined repayment terms. Lenders evaluate eligibility factors like credit score, employment history, income, and more before approving the personal loan request. The borrowed funds can be utilised for a range of needs, including medical emergencies, education expenses, or other significant financial obligations.
✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.
Features and benefits
Explore the key features and benefits of Bajaj Finance Personal Loan including flexible repayment options, quick approval, minimal documentation and high loan amounts.
Three loan variants
Choose from three loan variants — Term Loan, Flexi Dropline Loan, and Flexi Hybrid Loan.
- No part-prepayment charge on Flexi Loans
Repay a part of your loan in advance at no extra cost. You can make part-prepayments as many times as you want.
High loan amount
Borrow from Rs. 40,000 to Rs. 75 lakh to meet small or large expenses. Quick approval
Complete your entire application online from the comfort of your home or wherever you are and get an instant personal loan with fast approval.
- Money in your account in 24 hours*
Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval. - No hidden charges
All the personal loan interest rate and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying. - No guarantor or collateral needed
You do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.
*Terms and conditions apply
How to get Rs. 3 lakh loan without salary slips?
For swift access to a fund of Rs. 3 lakh, consider applying for a personal loan through Bajaj Finance Limited. Simply fulfil the straightforward eligibility criteria, submit required documents such as ID, address proof, and income details, and complete the application on our website or mobile app. It is crucial to provide accurate information to facilitate a quick approval process. Bajaj Finance Personal Loans are recognised for their efficient and prompt disbursal procedures. 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.
What are the eligibility criteria for a Rs. 3 lakh loan?
The eligibility criteria for a personal loan differ from lender to lender. You can qualify for a Bajaj Finance Personal Loan once you meet the five simple personal loan eligibility criteria mentioned below:
| 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.
Bajaj Finance Limited offers personal loans from Rs. 40,000 to Rs. 75 lakh to meet expenses such as healthcare, weddings, education, and home improvements. You can benefit from flexible EMI options and competitive personal loan interest rates. Eligible borrowers who meet the applicable criteria and have minimal documentation can explore an instant loan without salary slip, subject to verification and applicable terms. Funds can be disbursed within 24 hours* following approval.
How to apply for a Rs. 3 lakh personal loan?
- Check loan eligibility – Visit our personal loan page, enter the loan amount you need, select the repayment period, and click on "CHECK LOAN OFFER" to check your loan eligibility.
- Enter personal details – Provide your personal, financial, and employment details to receive a personalised loan offer.
- Review your loan offer – Check your offer details and adjust the loan amount or repayment tenure, if required.
- Complete KYC verification – Verify your identity and bank details to proceed with your application.
- Speak to a loan specialist – Once your application is submitted, an executive will contact you with the next steps.
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. |
Not your nearest branch?
Frequently asked questions
Overview
It's challenging to get a Rs. 3 lakh loan without income proof. Lenders typically require proof of income to assess repayment ability and mitigate risk. 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.
The salary required for a Rs. 3 lakh personal loan depends on various factors, including the lender's criteria and your existing financial obligations. Generally, a stable income above Rs. 25,001 per month is necessary.
It's difficult to secure a loan without a salary slip as it serves as proof of income. Lenders use it to evaluate your repayment capacity and assess the risk associated with lending to you. 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.
Related articles
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