Bajaj Finance Personal Loan
With Bajaj Finance, you can apply online for an instant personal loan ranging from Rs. 40,000 to Rs. 55 lakh, with minimal documentation and simple eligibility criteria requiring a CIBIL Score of 650 or higher. Choose from our unique variants of personal loan and repay it comfortably over the longer tenures ranging from 12 months to 108 months.
No collateral and no hidden charges
Online application and disbursement in 24 hours*
Attractive interest rates starting at 10% p.a.*
Quick approval
Key Features
Quick approval in just a few steps, No long waiting or complex process
Flexible repayment options for your needs, Choose tenure between 12 and 108 months
Apply easily without using any assets, as no security is required.
Over 5 crore people across India trust Bajaj Finance for their financial needs.
How to apply for a Personal Loan
How Personal Loan works
Check loan eligibility: Enter the loan amount you need and select the repayment period. Then click “CHECK LOAN OFFER.”
Enter personal details: Enter your personal, financial, and employment details to receive a personalised offer.
Loan offer: Review your offer details and adjust the amount or tenure to suit your needs.
KYC verification: Complete your KYC and verify your bank details for disbursal.
Talk to loan specialist: Your application will be submitted. An executive will contact you for the next steps in the process.
Calculate your loan instalment
Loans for all your needs
Personal loan for your next vacation
Planning a family vacation, honeymoon or international trip can be exciting but expenses such as flights, accommodation, visa fees and sightseeing can add up quickly. Instead of using your savings a travel loan may help manage these costs more conveniently. It allows you to convert the total expense into manageable monthly EMIs, helping you focus on your travel experience rather than immediate financial pressure.
Personal loan for wedding
Make every ritual special, from the venue to the lehenga. Get instant funds for your big day with flexible EMIs, so celebrations remain stress-free.
Personal loan for higher education
Admission fees, coaching, and hostel deposits should not stand between your child and their future. Get instant funds with easy EMIs.
Personal loan for medical emergencies
When health cannot wait, funds should not either. Get quick disbursal for hospital bills and treatments, so you can focus on recovery rather than finances.
Features and benefits of our personal loan
Explore the key features and benefits of Bajaj Finance Personal Loan including flexible repayment options, quick approval, minimal documentation and high loan amounts.
Key Features of Bajaj Finance Personal Loan
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- 3 unique variants
Choose from three loan variants — Term Loan, Flexi Term (Dropline) Loan, and Flexi Hybrid Term Loan.
- 3 unique variants
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- 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.
Read about Flexi Loans
- No part-prepayment charge on Flexi Loans
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- High loan amount
Manage your small or large expenses with loans ranging from Rs. 40,000 to Rs. 55 lakh.
- High loan amount
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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.
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- 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.
- Money in your account in 24 hours*
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- 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 hidden charges
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- 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.
- No guarantor or collateral needed
*Terms and conditions apply
Personal loan eligibility and documentation
Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria of our online personal loan, you will need a set of personal loan documents to complete your application process. With the Bajaj Finance Personal Loan, you can get instant approval of amount ranging from Rs. 40,000 to Rs. 55 lakh.
Meet the easy personal loan eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.
Eligibility Criteria and Documents Required for Bajaj Finserv Personal Loan
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Personal loan 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
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Documents required for a personal loan
- 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
*You should be 80 years or younger, at the end of the loan tenure.
Personal loan interest rate, fees and charges
Compare loan variants
Compare Loan Variants
Apply for a personal loan based on loan amount
Explore low interest personal loans in your city
Frequently asked questions
Overview
Application
Repayment
Eligibility
Fees and charges
What is a personal loan?
Personal loan can be used for a variety of financial needs such as medical emergencies, weddings, home renovations, travel or education. It does not require any collateral and is repaid in fixed monthly EMIs over a chosen tenure. You can access funds ranging from Rs. 40,000 to Rs. 55 lakh with Bajaj Finance with interest rates starting at just 10%* p.a.. Also benefit from quick approval, minimal documentation and disbursal within 24 hours* after approval.
What are the uses of personal loan?
A personal loan can help you manage a wide range of expenses such as planning a home renovation, funding higher education, covering medical bills or arranging a holiday. Since it is an unsecured loan, you have the flexibility to use the funds for most personal financial needs without providing collateral.
How is personal loan interest calculated?
You can use our personal loan EMI calculator to find out the total interest payable for your personal loan. It depends on the interest rate, loan amount, and your repayment duration.
Why should you choose a Bajaj Finance Personal Loan?
You should choose a Bajaj Finance Personal Loan for following reasons:
Loan amount of up to Rs. 55 lakh
Flexible tenures ranging from 12 months to 108 months
Quick disbursal within 24 hours* of approval
Unsecured loan which means you do not need a guarantor or collateral
No hidden charges
*Terms and conditions apply.
How does personal loan balance transfer work?
A personal loan balance transfer works by moving your existing loan to another lender providing better terms. The new lender will pay out your outstanding amount, and you can continue repayment with them according to their terms and conditions.
What is a Flexi Personal Loan?
A Flexi Personal Loan consists of two variants—Flexi Term Loan and Flexi Hybrid Term Loan.
The Bajaj Finance Flexi Term Loan gives salaried borrowers a pre-approved dropline limit from which they can withdraw funds in multiple tranches. You pay interest only on the amount withdrawn — not on the total sanctioned limit. This structure is designed for borrowers who expect multiple or uneven expenses, since it reduces total interest outgo by allowing partial repayments and re-withdrawals within the limit. On the other hand, the Flexi Hybrid Term Loan allows you to pay interest-only EMIs initially, followed by principal plus interest EMIs for the remaining tenure, helping manage early-stage cash flow better.
Does a personal loan offer any tax benefits?
Generally, a personal loan does not give direct tax benefits on the principal or interest.
Why was my personal loan application rejected and what should I do?
A few common reasons for personal loan rejection include:
CIBIL Score below 650
High FOIR (as per lender criteria)
Being on probation at a new job
Document mismatched
Multiple recent loan applications
Past loan settlements or write-offs
Rejection does not affect your CIBIL Score but repeated enquiries can. Identify the issue, fix it and then reapply.
How do I contact Bajaj Finance for any personal loan queries or service requests?
You can contact Bajaj Finance for queries related to personal loan through the official website, customer care helpline number or mobile app. You can also raise service requests online for quick assistance. For more details, visit personal loan customer care.
What can a personal loan be used for?
A personal loan can be used for many planned and urgent expenses, such as medical emergencies, home renovation, travel, education, wedding costs or major purchases.
How long does it take to get personal loan approved?
With proper eligibility, a personal loan is approved quickly post your KYC and document verification.
Can I apply for a personal finance if I have a low credit Score?
No, to apply for a personal loan, a CIBIL Score of 650 or higher is required.
Do I need to provide a security or collateral to apply for a personal loan from Bajaj Finance?
No, to apply for personal loan you do not need to give any collateral or assets.
How can I apply for a personal loan online?
Applying for a personal loan online is a simple and paperless process that can be completed in just a few minutes with minimal documentation and quick verification.
Check loan eligibility: Enter the loan amount you need and select the repayment period. Then click “CHECK LOAN OFFER.”
Enter personal details: Enter your personal, financial, and employment details to receive a personalised offer.
Loan offer: Review your offer details and adjust the amount or tenure to suit your needs.
KYC verification: Complete your KYC and verify your bank details for disbursal.
Talk to loan specialist: Your application will be submitted. An executive will contact you for the next steps in the process.
Can I apply for a personal loan if I already have an ongoing loan?
Yes, depending on your eligibility and repayment behaviour, you may be eligible for a top-up loan on your existing loan. Approval is subject to the lender's assessment and applicable criteria.
How can I track my personal loan application?
You can track your Bajaj Finance Personal Loan application through the Track Application section and view the latest updates on your application status.
What is a Flexi day-wise interest calculator?
A Flexi day-wise interest calculator shows how interest builds up and repayments work for Flexi Loans.
Can I prepay or foreclose my Bajaj Finance Personal Loan before the tenure ends?
You can easily prepay or foreclose your Bajaj Finance Personal Loan before the end of the tenure.
This loan comes in Term loan variant, and Flexi Loan variants.
For Flexi Personal Loans, there are no part-prepayment charges, and you can part-prepay any time. However, there are foreclosure charges applicable on a Flexi Personal Loan. Please check our fees and charges page or your loan agreement for more details.
For the Term Loan variants, you can part-prepay or foreclose your loan after a lock-in period - please refer to your loan agreement. Also note that part-prepayment and foreclosure charges are applicable on this loan product.
What is the minimum and maximum loan that I can get?
You can get a personal loan ranging from Rs. 40,000 to Rs. 55 lakh, subject to eligibility criteria.
What are the eligibility criteria for a personal loan?
You can easily get our personal loan with the below 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.
Here is why you should choose a Bajaj Finance Personal Loan
*Terms and conditions apply
What is the minimum CIBIL score for a Bajaj Finance Personal Loan?
A CIBIL Score of 650 or higher is required for a personal loan from Bajaj Finance.
Can a self-employed person get a personal loan?
Yes, self-employed individuals can apply for a personal loan by meeting eligibility criteria such as income, profile, age and CIBIL Score.
What is the interest rate on Bajaj Finance Personal Loan?
Bajaj Finance Personal Loan interest rates start from 10% p.a. The rate depends on your CIBIL Score, income, profile, loan amount, and tenure.
How is the personal loan processing fee calculated?
Processing fees is a small percentage of your sanctioned loan amount. It is a one -time fee charged to cover administrative and verification expenses. Bajaj Finance charges up to 3.93% of the loan amount (inclusive of applicable taxes).
What factors affect my personal loan interest rate?
The following factors determine the interest rate offered on your personal loan:
(1) CIBIL score — a score of 650 or above typically qualifies for the lowest rates.
(2) Monthly income — higher income signals lower repayment risk.
(3) Employer profile — employees of listed companies or government employees may be eligible for interest rate offers based on the lender’s assessment.
(4) Loan amount and tenure — larger amounts or longer tenures may influence the interest rate offered, depending on the lender’s policy.
(5) Existing relationship — existing Bajaj Finance customers may receive interest rate offers based on the lender’s assessment and prevailing policies.
(6) Debt‑to‑income ratio — a lower existing obligation profile improves your rate eligibility.
What our customers say about us
Sudhakar Chobey
Reviewed on 05 Apr 2026
I have taken loans from other lenders before, but this one felt much smoother. I needed funds for home repairs, and I received the amount quickly. The support team was also helpful and explained everything clearly.
Meenu Parashar
Reviewed on 01 Apr 2026
I wanted to pay for online courses to improve my skills. The loan process was simple and easy to understand. The EMI plan helped me manage my monthly payments.
Japesh Oberoi
Reviewed on 30 Mar 2026
I applied for a personal loan through the mobile app for my foreign trip. The application was completed online without difficulty. The amount was credited on time, which helped me plan my travel.
Neeraj Kumar
Reviewed on 05 Apr 2026
I needed funds to manage urgent business costs. The application process was simple, and the approval was quick. This support helped me continue my business activities.
Karan Singh
Reviewed on 02 Apr 2026
I faced a medical emergency and needed immediate financial help. The loan was approved quickly, and funds were transferred without delay. This helped me manage hospital expenses.
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.