How to get a Personal Loan without documents

How to get a Personal Loan without documents

Check your pre-approved personal loan offer in just 2 steps and get funds with minimal documentation.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

Video

Video

Rs. 40,000 - Rs. 55 lakh

Calculate your EMIs

You may be eligible for a pre-approved offer

Check now

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

Whether you’re looking for a personal loan without documents in Mumbai or any other city in India, keep in mind that lenders usually require documents to verify your identity, financial standing, etc. However, the need for paperwork has been minimised thanks to fintech, which allows you to apply online and access your loan amount without visiting a lender in person. Technology has enabled lenders to sanction a personal loan with minimal documentation as all your necessary information is easily accessible online.


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

Show More Show Less

Tips to get loan with minimal documentation

  • Choose a financial institution that you maintain a relationship with

    Loyalty goes a long way in the finance world, which is especially true when it comes to borrowing credit. If you’re a long-term patron of a financial institution, you can easily avail of a personal loan without documents. The lender will already have the essential information on hand and has access to your financial history. Some lenders may even sanction a personal loan without income proof if your profile indicates a significant amount of wealth.

  • Maintain a high credit score

    Since a personal loan is an unsecured form of credit, lenders stress on your credit score to determine the risk involved in sanctioning your application. This is why it is important to maintain a high CIBIL score, as it tells lenders that you have been responsible for borrowed credit in the past. It also indicates that you are less likely to delay repayment or miss EMIs. Some lenders may even sanction a loan without your salary slips and bank statement.
     

    Additional read: Personal loan with bad CIBIL score

  • Choose a lender that offers the instant approval feature

    Typically, lenders with the instant approval feature attached to their loan offers require only the bare minimum documentation. For example, Bajaj Finance offers an online application form for a personal loan, and once your details are verified, you receive loan approval. Further, this loan also offers quick disbursal and transfers the entire sanction in your bank account within a short time of approval.

  • Check for pre-approved offers

    To truly experience minimal or zero document loan applications, opt for a pre-approved offer. This way, you can easily access an offer that is pre-approved based on your financial profile. These offers are created specifically for you and give you a sanction at a comfortable personal loan interest rate.


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


    You can compute your loan EMIs in advance using our personal loan EMI calculator based on your required loan amount and tenure.

*Terms and conditions apply

Show More Show Less

Eligibility criteria for an instant personal loan without documents

The eligibility criteria vary from lender to lender. The eligibility criteria for a Bajaj Finserv Personal Loan are:

  • 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.

Show More Show Less

How to apply for 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.


Additional read: How to check your CIBIL score?

Show More Show Less

Features of personal loan

  • No collateral and no hidden charges
  • Online application and disbursement in 24 hours*
  • Attractive interest rates ranging from 10% to 30% p.a.*
  • Quick approval
Show More Show Less

Conclusion

While it is possible to get a quick personal loan with minimum documents, remember you may still need to submit some documents with a reputed lender. So, research beforehand to avoid any surprises in the future. To get started today, check your eligibility for personal loan using just mobile number and OTP – 100% online process.

Show More Show Less

Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

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

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp 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.

Not your nearest branch?

Banner_NEW_Storelocator_XAOP_App_22042026.png

Related articles

Article 1

Where to check your CIBIL Score

Jan 28, 2026

Read More

 Article 2

Know how CIBIL score is important for personal lending

Jan 27, 2026

Read More

 how-to-ensure-your-business-cibil-score-stays-above-700 3

How to ensure your business CIBIL score stays above 700?

May 25, 2021

Read More

 Article 4

Read More

You are here

Related Links

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