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Rs. 40,000 - Rs. 55 lakh
You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | Apply online in 5 minutes
When an unexpected expense crops up, a personal loan can help manage your financial crunch. For anything from insurance premiums and medical costs to travel or home repairs, Bajaj Finance Personal Loan has you covered.
✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.
How to apply for personal loan
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Fill up our simple online application form
If you’re an existing customer, just verify your details to use your pre-approved offer. If you’re new, apply for a personal loan by completing our form with your personal, financial, and job details.
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Select your loan amount and tenure
Enter the loan amount and repayment period to get the EMI breakdown. Use the personal loan EMI calculator to plan your EMIs. Bajaj Finance also offers Flexi Term and Flexi Hybrid Term Loans.
The personal loan eligibility calculator shows how much you can borrow based on your salary, existing EMIs, and credit card dues.
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Submit your documents
Our representative can collect documents from your doorstep. Because this is an unsecured loan, you just need basic paperwork:
- KYC documents
- Employee ID card
- Salary slips for the last 12 months
- Bank account statements for the last 3 months
Some customers may be asked for extra documents during processing.
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Quick loan disbursal
Once your documents are submitted, a representative will connect with you for any additional requirements. You receive money in your bank account within 24 hours*.
That’s all it takes. Apply for a Personal Loan from Bajaj Finance in four simple steps.
Additional Read: What are the fees and charges involved in a personal loan
*Terms and conditions apply.
Eligibility criteria and documents for personal loan
You can easily get the funds you need with the below criteria:
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Eligibility 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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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.
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
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.
*Terms and conditions apply.
The annualized rate of interest (% p.a.) is the cost that the borrower must pay for money borrowed from the lender. The interest is payable on principal loan amount basis the loan tenure opted. Bajaj Finance Limited offers personal loans with an annualized interest rate ranging from 10% to 30.5% p.a. which can be repaid over tenures between 12 months to 108 MONTHS.
For instance, Priya took a personal loan of Rs. 1,00,000 at an annualized interest rate of 15% p.a. for a tenure of 12 months. In this scenario, Priya’s annual interest payable will be around Rs. 8,310 and her monthly EMI shall be around Rs. 9,026. Here, she will be repaying around Rs. 1,08,310 in total during the loan tenure towards principal and interest component, apart from other charges applicable, if any.
*Terms and conditions apply.
The annual percentage rate is the cost that the borrower must pay for borrowing money from the lender. It includes interest, fees, and charges.
Bajaj Finance offers personal loans that come with a host of features and benefits, including:
- Flexi facility
- Instant approval
- Minimal documentation
- Money in bank in 24 hours*
- Flexible tenures
- No hidden charges
The minimum salary criteria for a personal loan from Bajaj Finance depends on your city of residence. Check your eligibility in just 2 steps and plan your expenses comfortably.
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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