You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | No branch visit needed
A Rs. 1 lakh personal loan can be applied for online with a simple digital process using mobile number and OTP. Eligible applicants can receive quick approval and fast disbursal, making it suitable for urgent financial needs.
A Rs. 1 lakh personal loan helps manage unexpected expenses without visiting a branch.
A Rs. 1 lakh personal loan helps users manage urgent financial needs when savings are not enough. It provides quick support for planned and unexpected expenses through a simple online process with fast approval and minimal documentation.
It can be useful in situations such as:
This type of loan offers convenient access to funds, helping users handle short-term financial gaps efficiently.
High loan amount
Manage both small and large expenses with quick personal loans ranging from Rs. 40,000 to Rs. 55 lakh—perfect for business investments, property purchases, or major life events.
Flexi loans
Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.
Pre-approved offers
You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.
Convenient repayment tenures
Manage your loan easily with flexible repayment options ranging from 12 months to 108 months, allowing you to choose EMIs that fit your income cycle and budget.
Quick approval
Complete your entire personal loan application online from the comfort of your home or office and get an instant personal loan with lightning-fast approval.
Money in account within 24 hours*
Your bank account will be credited with your loan amount within 24 hours* of approval, or in some cases, on the same day—ideal for urgent business or personal needs.
Complete transparency - no hidden charges
Our fees and charges are mentioned clearly on this page and in all loan documents. We maintain complete transparency, allowing you to make informed financial decisions.
No guarantor or collateral needed
You don't need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor—completely unsecured financing.
*Terms and conditions apply.
A Rs. 1 lakh personal loan is a simple way to handle urgent financial needs or planned small expenses without stress. It offers quick access to funds through an easy online process with minimal documentation and fast approval for eligible applicants.
It can help manage unexpected costs like medical needs, travel plans, or small home repairs. The application is fully digital, making it easy to complete from anywhere. Once approved, funds are usually credited quickly, helping users manage expenses without delay.
Eligibility criteria for Rs. 1 lakh
Meeting eligibility criteria is important for approval of a Rs. 1 lakh instant loan. Maintaining a good credit score, stable income, and accurate documentation improves approval chances. A personal loan eligibility calculator helps check eligibility quickly before applying.
| 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.
Check the complete list of personal loan documents required to apply for Rs. 1 lakh personal loan hassle-free:
| Document Type | Accepted Documents |
|---|---|
| Identity Proof | Aadhaar / Passport / Voter’s ID / Driving Licence / Letter of National Population Register / NREGA Job Card |
| PAN Proof | PAN Card |
| Employment Proof | Employee ID Card |
| Income Proof | Salary slips of last 3 months |
| Bank Proof | Bank account statements of previous 3 months |
| Address Proof | Piped gas bill / Property or municipal tax receipt / Utility bill / Phone bill |
| Additional Documents | Pension order / Letter of Allotment of Accommodation issued by employer |
| Other Verification | Ration card / Real-time photograph |
Check your eligibility for personal loan using just mobile number and OTP – 100% online process
When applying for a Rs. 1 lakh personal loan, it’s important to understand the personal loan interest rates and charges involved. Bajaj Finance offers interest rates between 10% and 30% p.a., depending on your credit score, income, and loan tenure. For example, the Bajaj Finance Personal Loan interest rate on Rs. 1 lakh typically starts at 10% p.a. for eligible borrowers with a strong credit history.
Always check the processing fee, foreclosure charges, and other costs to calculate the total expense. If you're planning to take a Rs. 1 lakh loan online, use an EMI calculator to estimate your monthly repayment accurately.
| Parameter | Details |
|---|---|
| Interest rate | 10% to 30% p.a. |
| Processing fee | Up to 3.93% of the loan amount (inclusive of applicable taxes) |
| Bounce charges | Rs. 700 to Rs. 1,200/- per bounce |
| Penal charge | Up 36% per annum |
| Part-prepayment charges | Up to 4.72% (Inclusive of applicable taxes) |
If you opt for a 1 lakh loan monthly EMI for a 1-year tenure, you will pay fixed monthly instalments at a 10% interest rate. A shorter tenure means higher EMIs but lower overall interest costs. Use a personal loan EMI calculator to estimate your repayments.
| Loan amount | Loan tenure | Interest rate | EMI amount | Total interest | Total payment |
| Rs. 1,00,000 | 12 Months | 10% | Rs. 8,792 | Rs. 5,502 | Rs. 1,05,502 |
A Rs. 1 lakh personal loan with a 3-year tenure offers manageable monthly payments, making it easier to handle your finances without strain. At an interest rate of 10%, this option strikes a balance between affordability and total interest costs.
You can easily manage repayments using a personal loan EMI calculator to plan according to your budget. If you need an instant loan of Rs. 1 lakh, this facility offers quick approval, flexible tenures, and hassle-free access to a loan up to Rs. 1 lakh for urgent financial needs.
| Loan amount | Loan tenure | Interest rate | EMI amount | Total interest | Total payment |
| Rs. 1,00,000 | 36 Months | 10% | Rs. 3,226 | Rs. 16,136 | Rs. 1,16,136 |
Choosing a 1 lakh personal loan EMI for 5 years ensures lower monthly payments, making repayment more convenient. While the overall interest paid is higher, the reduced EMI makes budgeting easier. Calculate your EMI with a personal loan EMI calculator.
| Loan amount | Loan tenure | Interest rate | EMI amount | Total interest | Total payment |
| Rs. 1,00,000 | 60 Months | 10% | Rs. 2,125 | Rs. 27,481 | Rs. 1,27,481 |
Step-by-step guide to apply for a personal loan:
Our representative will contact you for further steps.
Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
A Rs. 1 lakh loan offers quick funds for unexpected or planned expenses, with flexible repayment options. Here are some common uses:
Medical emergency: A personal loan for medical emergency covers treatment costs, ensuring timely medical care.
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
|
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 |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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
