Features and benefits
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High-value and collateral-free loan
Get funding up to Rs. 40 lakh without having to pledge an asset as security.
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Instant approval
Avail a personal loan on simple eligibility terms to get approval within 5 minutes.
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Submit your basic documents and get your application processed quickly.
Minimal documentation
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Swift disbursal
Obtain money in the bank within 24 hours* of loan approval and document verification.
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Convenient repayment
Adjust your EMIs to your income with a flexible repayment term of up to 84 months.
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Apply without worry knowing that you enjoy 100% transparency in loan dealings.
Nil hidden charges
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Opt for the Flexi Hybrid facility to pay interest-only EMIs for a part of the tenor and make multiple withdrawals and deposits.
Flexi hybrid feature
Apply online for an instant personal loan from Bajaj Finserv to benefit from approval within 5 minutes. Our eligibility criteria are simple, and the documentation requirement is basic. This speeds up the loan application process, and you get the funds you need within 24 hours* of approval and verification. You can avail up to Rs. 40 lakh without needing to pledge any security as collateral.
Use an instant personal loan to cater to unplanned expenses that come your way. You can repay the funds at your convenience over a repayment term of up to 84 months. Bajaj Finserv offers competitive interest rates on personal loan offerings to make repayment affordable for you. Check the other fees and charges to make a repayment plan before applying. You are assured of zero hidden charges.
For flexibility in borrowing, we offer the Flexi Hybrid feature. It allows you to make multiple withdrawals and deposits from your pre-approved sanction on the go. You do not incur additional charges to withdraw or pre-pay funds. Moreover, you pay interest-only EMIs for the initial part of the repayment term. This allows you to access instant funds and ease your way into repayment.
Types of instant personal loans in India
Instant personal loans bear no end-use restrictions, which makes them suitable for meeting diverse urgent funding needs, such as
- Wedding
- Higher education
- Travel
- Home renovation
- Medical emergency
- Debt consolidation
- Second-hand car purchase
Opt for a loan as per your financing needs. Use the online Personal Loan EMI Calculator to estimate your fixed monthly outgo and choose a repayment term accordingly.
*Terms and conditions apply
Eligibility criteria
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Age
Between 21 years and 80 years*
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Salaried, employed with a public sector company, a private company, or an MNC
Employment status
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CIBIL score
750 or above
Documents required for instant personal loan
Type of Document |
Requirement |
Proof of identity |
PAN card, Aadhaar card, Voter ID, passport, or any other government-issued photo identity proof |
Proof of address |
Aadhaar card, Voter ID, passport, ration card, utility bills, or any other government-issued proof of address |
Income proof |
Salary slips for the last 3 months and bank account statements for the previous 3 months |
*Terms and conditions apply
How to apply for an instant personal loan online from Bajaj Finserv?
- 1 Start by clicking on ‘APPLY ONLINE’ to open the online application form
- 2 Enter a few basic details and verify yourself with an OTP
- 3 Fill in the online application form with personal, employment, and financial details
- 4 Select a suitable loan amount and repayment term for your personal loan
- 5 Submit your online application
Our representative will call you with the next steps that you need to take to avail of your loan.
Frequently asked questions
If you have met all the eligibility criteria for the instant personal loan, you will receive an approval within 5 minutes.
You can track your personal loan application status via the customer portal, My Account. You can also visit the Bajaj Finserv branch nearest to you to check your loan status.
You will receive the personal loan amount in your loan account within 24 hours* of approval and document verification.
*Terms and conditions apply
You can avail of a collateral-free instant personal loan of up to Rs. 40 lakh.
You can avail of an instant personal loan at either a fixed or floating interest rate.
To help you estimate the EMI for your instant personal loan, you can use the Personal Loan EMI Calculator. This shows you the approximate principal and interest components of your personal loan and allows you to see the impact of increasing or reducing your loan amount on your EMIs.
750 is the minimum CIBIL score you should have for instant approval on your personal loan.
