Personal Loan
Please enter your Full Name
Full Name cannot be blank
Please choose your City of residence from the list
City cannot be blank
Why Mobile Number? This will help us fetch your personal loan offer. Don’t worry, we will keep this information confidential.
Mobile Number cannot be blank

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

Please accept Terms and Conditions

OTP has been sent to your mobile number

7897897896

Incorrect OTP, please try again

Click on 'Resend' if you want to get a new OTP

47 Seconds
Resend OTP Entered the wrong phone number? Click here

How to Get Instant Loan without Security?

Individuals can avail a personal loan without security or collateral. Satisfy a few eligibility criteria to qualify for such a personal loan.


Eligibility Criteria for a Personal Loan without Collateral

Salaried individuals can avail a collateral-free personal loan by meeting the eligibility criteria mentioned below –

  1. The applicant should hold a credit score 750 and above.
  2. The applicant should be a residing citizen of India.
  3. The applicant should be employed in either an MNC, in the public or private sector.
  4. The applicant should be between 23 and 55 years of age.

To speed up the application process for a personal loan with no collateral, applicants should also hold a few necessary documents handy.

Documents Required for an Unsecured Personal Loan

As these advances are collateral-free, you can avail a personal loan without documents of your property. Furnish the following documents during application –
• KYC Documents – Aadhaar Card, Voter’s ID card, PAN card, Driving license, etc.
• Passport-sized photographs of the applicant.

In addition, salaried individuals need to submit their salary slips of the last 2 months, bank account statements of their salary account, and their employee ID card to apply for a personal loan without security.
Note that the list of documents mentioned above is not definitive and the concerned authority can ask for additional papers during such process.

How to Apply for a Personal Loan without Collateral?

Get a loan without collateral by following the steps mentioned below –
Step 1. Visit your preferred financial institution’s online portal.
Step 2. Open the online application form.
Step 3. Fill in the necessary personal and financial details in the application form.
Step 4. Enter the loan amount and repayment tenor.
Step 5. Provide necessary documents with the representative.

Meeting the necessary eligibility criteria and duly submitting the required documents eases the application procedure and improves the chances of loan approval. Bajaj Finserv provides several attractive features with its offering for greater convenience and benefits.

Features of Personal Loan without Security

  1. Loan amount
    Avail a personal loan up to Rs.25 lakh without providing any collateral.

  2. Minimal documentation
    Submit a handful of necessary documents to apply for a personal loan.

  3. Repayment tenor
    Repay over a flexible tenor of up to 60 months.

  4. Faster approval and disbursal
    Enjoy loan approval within minutes after the successful submission of documents. What’s more, you can receive the approved amount in your bank within the same day.

  5. No end-usage restriction
    Use a personal loan to finance multiple monetary obligations without any usage restriction.

  6. Flexi Loan facility
    Reduce your personal loan EMIs by up to 45%*with the Flexi Loan facility. Pay interest only on the amount utilized from the total sanction.
    Conveniently finance your expenditures with such an instant personal loan.

    *Conditions apply