How to get Rs. 5 lakh immediately?

How to get Rs. 5 lakh immediately?

Check your eligibility for personal loan with your phone and OTP and apply online to get funds quickly.

Rs. 40,000 - Rs. 55 lakh

You may be eligible for a pre-approved offer

Enter mobile and OTP | Check offer | No branch visit needed

How to get Rs. 5 lakh immediately

Personal loans are the best option for the individuals looking for immediate funds. These loans offer financial flexibility by providing lump-sum amounts for various purposes. The unsecured personal loan typically has fixed interest rates and fixed repayment terms. Lenders assess eligibility based on factors like credit score, employment history, income, and more. The borrowed amount can be used for diverse needs, such as medical emergencies, education or any major expenses.


To quickly secure a Rs. 5 lakh fund, you can apply for a personal loan from Bajaj Finance Limited, meet the simple eligibility criteria, gather necessary documents (ID, address proof, income details), and fill out the application on the website or mobile app. Ensure accurate information for swift approval. Bajaj Finserv Personal Loans are known for the efficient and prompt disbursal process.


✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.


 


 

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What are the features and benefits of a Rs. 5 lakh loan?

  • Flexi loans

    Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.

  • Convenient repayment tenures

    Manage your loan easily with flexible repayment options ranging from 12 months to 96 months, allowing you to choose EMIs that fit your income cycle and budget.

  • Quick approval

    Complete your entire personal loan application online from the comfort of your home or office and get an instant personal loan with lightning-fast approval.

  • Money in account within 24 hours*

    Your bank account will be credited with your loan amount within 24 hours* of approval, or in some cases, on the same day—ideal for urgent business or personal needs.

  • Complete transparency - no hidden charges

    Our fees and charges are mentioned clearly on this page and in all loan documents. We maintain complete transparency, allowing you to make informed financial decisions.

  • Minimal documentation

    Our personal loans come with a streamlined application process with minimal paperwork, ensuring a hassle-free experience.

*Terms and conditions apply.
 

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How to apply for a Rs. 5 lakh personal loan?

Step-by-step guide to apply for a personal loan

  1. Click on ‘CHECK ELIGIBILITY’ on this page.
  2. Enter your 10-digit mobile number and the OTP sent to your phone.
  3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
  4. Now, click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
  6. Choose the repayment tenure and click on ‘PROCEED’.
  7. Complete your KYC and submit your application.

Our representative will contact you for further steps.

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What are the personal loan eligibility criteria?

You can easily get the funds you need with the below criteria:

  • 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.

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Conclusion

Bajaj Finance Limited offers a seamless experience with instant disbursal, ensuring quick access to funds. You can enjoy flexibility with customisable EMI options, coupled with attractive personal loan interest rates to suit varying financial needs. Borrowers can get a personal loan which can be utilised for a range of expenses like health care, wedding costs, educational expenses, and house improvements.

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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% p.a.

Processing fees

Up to 3.93% 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)

Will be deducted upfront from loan amount.

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:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

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.


Flexi Hybrid Term Loan:

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

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