Features of personal loan

  • Personal loan EMIs starting Rs. 1,104/lakh*

    Personal loan EMIs starting Rs. 1,104/lakh*

    Borrow as per your needs and manage your personal loan EMIs with ease.

  • Approval in 5 minutes

    Approval in 5 minutes

    Meet our basic eligibility criteria and get instant approval.

  • Money in your bank in %$$PL-Disbursal$$%*

    Money in your bank in 24 hours*

    Get your personal loan amount on the same day of approval.

  • %$$PL-Flexi-EMI$$%* lower EMIs with Flexi personal loan

    45%* lower EMIs with Flexi personal loan

    Pay interest-only EMIs and reduce your monthly instalments.

  • %$$PL-Tenor-Max-Months$$% to repay your loan

    60 months to repay your loan

    Choose a convenient tenor ranging up to five years.

  • No hidden charges

    No hidden charges

    Read about the fees and charges on your personal loan and stay informed.

A personal loan is an unsecured financial offering offered by Bajaj Finserv and other lenders. You can borrow money and repay it in a series of small instalments over a period of time.

With an online personal loan from Bajaj Finserv, you can borrow up to Rs. 25 lakh and get instant approval. Meet the easy-to-meet eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

In fact, if you are a pre-approved customer, you may not even need to submit any additional paperwork, and you can get your money in as little as 20 minutes.

Use a personal loan for all your special needs

Personal loans are one of the most popular types of financing available today. And they can be used to manage a variety of expenses, including:

Medical treatment: Get access to the money you need when you need it and meet the expenses of your planned and unplanned medical requirements.

Debt consolidation: Consolidate different types of debt – from credit cards to loans – into a single personal loan and make your instalments manageable.

Higher education: Provide complete financial support to your child for their higher education with a high-value best personal loan in India. Manage expenses such as course fees, travel expenses, hostel charges and more.

Home renovation: Meet your home repair and renovation expenses with an instant personal loan and repay the amount over a flexible tenor of your choice.

Used cars: Apply for a personal loan online to finance the purchase of a second-hand car.

Wedding: Manage the expenses of a grand wedding or plan your dream honeymoon with the help of a personal loan.

Travel: Knock destinations off your bucket list and fulfil your travel goals with a travel loan from Bajaj Finserv. Cover your travel expenses, including flight tickets and hotel bookings, with an easy-to-use personal loan.

*Terms and Conditions apply

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Personal loan eligibility criteria

  • Nationality

    Nationality

    Indian

  • Age

    Age

    21 years to 67 years*

  • Employment

    Employment

    Working at an MNC, public or private company

  • CIBIL score

    CIBIL score

    750 or higher

  • Monthly salary

    Monthly salary

    Starting Rs. 22,000, based on your city of residence.

Documents required

You need the following documents while applying for a Bajaj Finserv Personal Loan:

  • KYC documents
  • Employee ID card
  • Salary slips of the previous 2 months
  • Last 3 months’ bank statements of your salary account

*The document list mentioned here is indicative. You may be asked to submit additional documents at the time of loan processing.

*Terms and conditions apply

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How to apply for a personal loan

Here is a detailed guide on applying for a personal loan. You may start your online application now and resume it at a later instance.

  1. 1 Click on ‘Apply Online’ to open our simple online form
  2. 2 Enter your 10-digit mobile number and OTP
  3. 3 Share your basic information. Existing customers may find that their information is already pre-filled.
  4. 4 Select the loan amount you wish to borrow

Our representative will call and guide you on the next steps.

Pre-approved customers of Bajaj Finserv are not required to complete an application process or wait for the money they need. They can get the loan amount transferred to their bank account in just 20 minutes.

If you are new to Bajaj Finserv, you can get your personal loan by completing the simple application process mentioned above.

You will be asked to share your contact information and upload a few documents to help us verify your profile and prepare your personal loan offer.

Please keep the following documents handy when you are about to start filling the online application form:

  • KYC documents
  • A government-issued address proof
  • A recent passport size photograph
  • Latest salary slips
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Frequently asked questions

What is a personal loan?

A personal loan is an unsecured loan, which means you don't need to pledge any collateral to receive funds. Availing of one is easy – you can apply online and use the money to meet almost any expense.

Bajaj Finserv, one of the most diversified NBFCs in India, offers instant personal loans with paperless approval and quick disbursal.

Why should you choose a Bajaj Finserv Personal Loan?

Bajaj Finserv offers personal loans that come with a host of features and benefits, including:

  • Flexi facility
  • Instant approval
  • Minimal documentation
  • Money in bank in 24 hours*
  • Flexible tenors
  • Pre-approved offers
  • No hidden charges

Complete the application form online and get your personal loan without any hassle.

*Terms and conditions apply

Where can a personal loan be used?

It can help you meet a wide range of financial requirements, such as:

What are the eligibility criteria for a personal loan?

To avail of a quick personal loan, you only need to meet some basic eligibility criteria:

  • You must be between 21 years and 67 years* of age
  • You must be a salaried individual employed with an MNC, public or private company
  • You must be a residing citizen of India

If you meet the salary requirement based on your city of residence, you can qualify for the loan.

*Terms and conditions apply

What are the documents required for a personal loan?

You will be asked to submit the following documents to get a personal loan from Bajaj Finserv:

  • Passport-size photographs
  • KYC documents – Aadhaar, PAN, voter’s id, driving license, passport
  • Bank account statements for three months
  • Salary slips of last two months
What is the CIBIL score required to get a loan?

The ideal CIBIL score to get instant paperless approval on Bajaj Finserv Personal Loans is 750 and above.

What is the maximum loan that I can get?

You can borrow money up to Rs. 25 lakh without pledging any collateral.

How can you calculate your EMI?

You can use our Personal Loan EMI Calculator to identify the monthly instalment and tenor that suits you best. You only need to enter the amount you need to borrow, the interest rate, and the tenor to get an estimate of the instalments you are likely to bear.

What is the minimum salary required to get a personal loan?

The minimum salary criteria for a Bajaj Finserv Personal Loan depends on your city of residence. For instance, if you reside in Pune, Bangalore, Mumbai, or Delhi, your minimum monthly salary should be Rs. 35,000.

What is the Flexi facility?

The Flexi loan facility is a unique financial offering that lets you borrow from your loan limit and part-prepay funds as per your requirement. You pay interest only on the amount that you utilise. You can also lower your monthly instalments by up to 45%* by opting for interest-only EMIs for the initial part of the tenor.

*Terms and conditions apply

What is the difference between a term loan and a Flexi loan?

A standard term loan is a fixed loan amount that you borrow as a lump sum. It has a fixed rate of interest and must be repaid over a specific tenor.

On the other hand, a Flexi loan provides you with a pre-approved loan amount based on your credit score and eligibility. You can withdraw money from this approved amount as many times as you need without applying multiple times.

For greater flexibility and convenience, choose a Flexi loan by Bajaj Finserv and lower your EMIs by up to 45%*.

*Terms and conditions apply.

How long does it take to get approved for a personal loan?

With Bajaj Finserv, you can expect approval on your loan application in less than 5 minutes.

How to get quick approval on my personal loan application?

Getting approval on your loan application is easy.

  • Meet the basic eligibility requirements
  • Keep your PAN card handy
  • Get approval in an instant

Alternatively, you can check if you qualify for a pre-approved loan.

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