Features and benefits of instant personal loan for low salary
Approval in 5 minutes
Disbursal in 24 hours
Obtain the funds within a day after loan approval and document verification.
Up to 96 months for repayment
Space out repayment over a period of up to 8 years, as per your capacity.
Zero hidden charges
You can show that you meet the eligibility parameters by submitting only your basic documents. No lengthy paperwork is necessary.
Digital loan account
Pay EMIs, part pre-pay your loan, download your loan statements, and more with our customer portal, My Account.
Bajaj Finserv offers tailored personal loans of up to Rs. 10 lakh for low-income individuals. Our eligibility criteria are simple, so much so that you can apply for a loan and get instant approval within 5 minutes*. Our documentation requirement is minimal, and post-approval and verification of your loan application, the funds are disbursed to your bank account in 24 hours*.
We offer competitive interest rates per your financial profile, and you can pick from a flexible repayment term of up to 96 months to make your EMIs budget-friendly. To plan for repayment, use the Personal Loan EMI Calculator. Aim to keep your EMI and other debt obligations at less than 30-40% of your income. If you happen to witness an increase in income, you can always part pre-pay your loan or repay your personal loan in one go by foreclosing it.
Our low-salary personal loans are collateral-free offerings, have zero hidden charges, and bear no spending restrictions. Easily avail of a Bajaj Finserv Personal Loan for your planned and unplanned expenses, be it business expansion, higher education, debt consolidation, or home renovation.
For additional insight, view these customised loans:
Documents required for low-income personal loan
- KYC Documents – Aadhaar, PAN, Voter ID, driving license, passport
- Address proof
- Passport-size photograph
How to get an instant personal loan for low salary?
The eligibility criteria differ from lender to lender when it comes to instant personal loan for low salary. Typically, for a Bajaj Finserv Personal Loan, minimum required salary is Rs. 25,001, depending on the city you live in. To see if you have an Insta Personal Loan offer, simply enter your mobile number and OTP.
How to apply for instant personal loan for low salary
Getting an Insta Personal Loan from Bajaj Finance is simple. You only need to follow the steps below.
- Go to our Insta Personal Loan page and click on ‘CHECK OFFER’.
- Enter your 10-digit mobile number and OTP.
- Go with the pre-assigned limit or choose a different loan amount.
- Choose a repayment tenure that suits you best.
- Click on ‘PROCEED’ to complete the online process.
The online process may differ depending on whether you are a new customer or have an existing relationship with us.
Frequently asked questions
You can check your Insta Personal Loan offer by simply entering your mobile number and OTP. You can then go with the offer or choose a lower amount. After filling up the form and submitting documents, if required, your loan application will be processed.
No, you do not have to submit any security or collateral for our personal loan.
Depending on the lender, there is a minimum CIBIL Score required to get a low salary instant personal loan.
Yes, you can get a low-income personal loan even if you get a cash salary. Please note that you will need salary slips and a valid bank account, among other requirements, apply for our personal loan.
The minimum salary required to get a Bajaj Finance Personal Loan is Rs. 25,001, depending on the city you live in. You can choose to apply with a co-applicant in case you fall short of the eligibility criteria.