Features and benefits of low salary personal loan

  • Collateral-free finance

    Collateral-free finance

    Obtain the funds you need without pledging any security.
  • Approval in %$$PL-Approval$$%

    Approval in 5 minutes

    Get instant approval on your personal loan application by meeting our simple criteria.
  • Disbursal in %$$PL-Disbursal$$%

    Disbursal in 24 hours

    Obtain the funds within a day after loan approval and document verification.

  • Up to %$$PL-Tenor-Max-Months$$% for repayment

    Up to 96 months for repayment

    Space out repayment over a period of up to 8 years, as per your capacity.

  • Zero hidden charges

    Zero hidden charges

    Be assured of 100% transparency in loan dealings. You can read the terms and conditions for all the charges due on your loan.
  • Minimal documentation

    Minimal documentation

    You can show that you meet the eligibility parameters by submitting only your basic documents. No lengthy paperwork is necessary.

  • Digital loan account

    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:

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Documents required for low-income personal loan

  • KYC Documents – Aadhaar, PAN, Voter ID, driving license, passport
  • Address proof
  • Passport-size photograph

*Conditions apply

How to get an instant loan for low salary

The eligibility criteria differ from lender to lender when it comes to instant 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.