Rs. 40000 - 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 Finserv 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: 685 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 31% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge |
Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi facility charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Principal Holiday Facility Fees |
Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount *(Loan amount includes approved loan amount, Insurance Premium & VAS Charges) |
Bounce charges |
Up to Rs. 1,200 per bounce. |
Pre-payment charges |
Full pre-payment
Part pre-payment
*Foreclosure will be processed post clearance of first EMI |
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 Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
Broken period interest / Pre-monthly Instalment interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:
Scenario 1: If Loan is disbursed on 1st or post 10th of the month: |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
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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*.