Personal Loan in Eluru

Personal Loan in Eluru

Check your eligibility for personal loan in Eluru with your phone and OTP - no branch visit needed.
FAQs

FAQs

Rs. 40000 - Rs. 55 lakh

You may be eligible for a pre-approved offer in Eluru

Check now

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

Bajaj Finserv in your city

  • Looking for a quick loan in Eluru for urgent or planned expenses? Whether it’s a medical emergency, a wedding, or a big-ticket purchase, a Bajaj Finserv Personal Loan in Eluru gives you up to Rs. 55 lakh with fast approval and minimal documents. With a completely digital process and disbursal in 24 hours*, you can manage your finances confidently—without any hassles.


    ✅ Check your eligibility with just your phone number and OTP → Apply online in 5 minutes → Get money in your account in 24 hours*

Eluru, a key city in Andhra Pradesh, is known for its handloom industry, canals, and historical significance. The city has grown rapidly with better road and rail connectivity, and is a hub for trade and local businesses. Whether you live near RR Pet, Powerpet, or Sanivarapupeta, you may need financial support for personal milestones. That’s where a personal loan in Eluru comes in handy—with a smooth, paperless experience.


*Terms and conditions apply

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Features and benefits of instant personal loan in Eluru

  • No collateral required

    There is no need to have a guarantor or provide collateral to opt for a personal loan in Eluru.

  • High amount

    With a Bajaj Finserv Personal Loan, you can get funds from Rs. 40000 to Rs. 55 lakh. 

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Eluru with just your phone number and OTP – no need to visit the branch.

  • Online account management

    Utilise the Bajaj Finserv customer portal – My Account and track all loan-related details online 24/7.

  • 100% transparency

    We maintain transparent terms and conditions while offering a personal loan in Eluru.

  • Flexible repayment options

    You can spread your repayment from 12 months to 96 months, which means manageable EMIs right from the start.

  • Hassle-free documentation

    Submit only a handful of documents to qualify for high-value funds from us. Check the document list before applying.

  • Instant approval

    Duly fill up the online application form and get loan approval almost instantly. Address any financial emergency easily.

  • Quick disbursal

    Get the money in your account within 24 hours*. Avail of a personal loan in India at minimal borrowing cost.

Eluru is a city with significant historical importance. It is home to the popular rag-weaving industry and is a hub of exports to countries such as Australia, the UK, and Germany.


Residents of this city can obtain a personal loan without the need for collateral or security. Meet the eligibility criteria and submit the documents required to qualify for funds instantly.


*Conditions apply

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Eligibility criteria and documents for personal loan in Eluru

You can easily get the funds you need in Eluru with the below criteria:

  • 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.

  • 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
    • Real-time image / photograph
    • Ration card

Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

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How to apply for personal loan in Eluru

  • 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 three 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.


 

Choose Bajaj Finance to get affordable personal loan interest rates. 

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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

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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