₹40,000 - ₹50 Lakh
You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | No branch visit needed
Instant personal loan in Bhopal
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Bhopal, the City of Lakes, is known for its heritage, vibrant culture, and growing economy. Whether it’s renovating your home in Arera Colony, managing medical bills in MP Nagar, or planning your child’s higher education, financial needs can come up anytime. That’s where a personal loan can make life easier.
With a Bajaj Finserv Personal Loan in Bhopal, you can get up to Rs. 55 lakh—with instant approval, minimal documentation, and no collateral. And the best part? It’s all online.
Check your pre-approved loan offer in Bhopal with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*
*Terms and conditions apply.
Features of personal loan in Bhopal
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Disbursal in a few hours*
Once approved, your loan amount is credited to your bank account within a few hours*, helping you meet urgent financial needs with ease.
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Flexible repayment tenure
Choose personal loan ranging from Rs. 40000 to Rs. 55 lakh - and repay it over a tenure of up to 96 months based on your financial comfort.
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Minimal documents needed
Enjoy a hassle-free application process in Bhopal with only a few basic documents required – simple, fast, and convenient.
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Pre-approved offers
You can check if you have a pre-approved offer for a personal loan in Bhopal with just your phone number and OTP – no need to visit the branch.
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No collateral required
Get an unsecured personal loan in Bhopal without pledging assets or arranging for a guarantor. Use the personal loan EMI calculator for to estimate your EMI.
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Quick online approval
Apply online for a personal loan in Bhopal from the comfort of your home and get approval in just a few minutes* through a seamless online process.
Eligibility criteria and documents for personal loan in Bhopal
You can easily get the funds you need in Bhopal with the below criteria:
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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.
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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.
How to apply for personal loan in Bhopal
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Step-by-step guide to apply for a personal loan
- Click on ‘CHECK ELIGIBILITY’ on this page.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- 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.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
- Choose the repayment tenure and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will contact you for further steps.
Uses of personal loan in Bhopal
A personal loan in Bhopal offers flexible funding for various needs. Here are some common uses for personal loans:
- Personal loan for travel: You can apply for a personal loan for travel to cover travel costs and enjoy your trip without financial stress.
- Personal loan for marriage: A personal loan for wedding can ease the burden of wedding expenses, allowing you to celebrate the special day in style.
- Personal loan for higher education: Use a personal loan for higher education to fund your studies, whether locally or abroad.
- Personal loan for medical emergency: If you face an unforeseen medical emergency, a personal loan for medical emergency ensures you get immediate financial support.
- Personal loan for home expenses: A personal loan for home expenses can cover home repairs, renovations, or upgrades.
Key offerings: 3 loan types
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) |
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:
Part Pre-payment
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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.
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
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