5 reasons to apply for a Personal Loan from Bajaj Finance

You may have some financial obligations and personal goals you'd like to reach. Bajaj Finserv offers a personal loan that provides an easy solution for all your money needs. It's easy to apply online, gets you quick approval in just minutes, and puts money in your account within 24 hours. Plus, the eligibility requirements and document list are simple, making the whole process as comfortable as possible for you.

A personal loan from Bajaj Finance includes all the benefits of a regular personal loan, plus some unique features that make it perfect for you. Let's see what they are.

Instant approval on personal loans with Bajaj Finance

A vacation shouldn't keep you awake at night worrying about money. It should bring joy, not stress! That's why a personal loan from Bajaj Finance comes with instant approval for your online application.

Even better, it offers one of the fastest personal loans in India, with money reaching your bank in just 24 hours*. Now you can travel wherever you want, whenever you want, without having to plan months ahead. Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

Additional read: How Much Time Does It Take To Get Personal Loan Approval?

Get fast disbursal with Bajaj Finserv

You never know when you might need money for a medical emergency. Often, hospitals require a large portion of fees upfront. During such times, you need cash without delay. A personal loan from Bajaj Finserv puts money in your bank account within 24 hours* of approval, so you can focus on what really matters.

Pro-tip: 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.

Affordable loans without security

Weddings are busy events that often need lots of time and money. While time management is up to you, Bajaj Finance can help reduce your financial stress by offering an unsecured personal loan. These loans don't require any security or collateral, which means you're free to use your assets for other needs.
 

Additional Read: 6 important things to know before taking a personal loan

Fund higher education and more with a high loan amount

Studying abroad is expensive, but it provides valuable experience for your children. If you want to boost your child's education, consider a personal loan from Bajaj Finance. It offers up to Rs. 55 lakh for all your child's study expenses.

Flexi facility

Your home needs regular care and upgrades so you and your family can enjoy your time together. A Flexi loan from Bajaj Finance gives you flexible access to money without high interest burden.

Here's how it works: You get approved for, say, Rs. 25 lakh. Since you don't know exactly how much you'll need for home renovations, you borrow Rs. 10 lakh in the first phase. Instead of paying interest on the full Rs. 25 lakh, you only pay interest on the Rs. 10 lakh you actually borrowed. Need more money for the second phase of renovation? You can borrow more from your approved limit. Say you take another Rs. 10 lakh. Now you've used Rs. 20 lakh from your Rs. 25 lakh limit.

You can also make part-prepayments without charges when you have extra money, and even re-borrow that prepaid amount when needed. This way, a Flexi loan helps you handle unpredictable money needs.

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.

Eligibility criteria

• Nationality: Indian
• Age: 21 years to 80 years.
• Employed with: Public, private, or MNC.
• CIBIL Score: 685 or higher.
• Customer profile: Self-employed or Salaried

*You should be 80 years or younger, at the end of the loan tenure.

Documents required

• KYC documents: Aadhaar/ 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
• Phone bill
• Real-time image / photograph
• Ration card

Check your eligibility for personal loan using just mobile number and OTP – 100% online process.