Personal Loan

Personal Loan

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Personal Loan - Features and Benefits

Apply for a personal loan of up to Rs.25 lakh from Bajaj Finserv and get instant approval with minimal documentation. Borrow your amount without pledging any collateral and get your loan disbursed in just 24 hours. Our instant personal loan is available for salaried professionals at attractive interest rates.

Here's a look at some of the features and benefits:

  • Instant Personal Loan upto Rs. 25 Lakh

    High loan amount

    You can avail instant personal loan of up to Rs.25 lakh on the basis of your eligibility.

  • Instant approval

    Instant approval

    Meet the basic eligibility criteria and receive approval on your online personal loan application within just 5 minutes.

  • Minimal documentation

    Online process with minimal documentation

    Apply for a personal loan online in few clicks. Complete the application process by submitting only a few basic documents.

  • Money in bank in 24 hours

    Money in bank within 24 hours*

    Bajaj Finserv offers the fastest personal loans in India – with disbursal in just 24 hours* of your loan getting approved.

  • Flexible tenors

    Flexible tenors

    Repay your loan with ease with flexible repayment tenors ranging up to 60 months.

  • Pay up to 45% lower EMI

    Pay up to 45%* lower EMIs

    Meet your expenses with a Flexi Personal Loan and reduce your instalments by up to 45%*. Borrow as and when you need from your sanction, without the need for multiple applications and additional documentation.

  • No hidden charges

    No hidden charges

    What you see is what you get. With easy to understand terms and conditions, Bajaj Finserv Personal Loan is transparent and comes with zero hidden charges.

  • Pre-approved offers

    Pre-approved offers

    Avail the pre-approved offer to enjoy shorter processing time. If you are an existing customer, all you need to do is share your basic contact details, share the one-time password (OTP) and check your pre-approved offer.

Personal Loan Eligibility

The eligibility criteria are easy to meet. To qualify for a loan, you must fulfil these requirements:
Minimum Salary As per your city of residence
Age 23 to 55 years
Minimum CIBIL Score 750
Employment Salaried, employed with an MNC, public, or private company
Nationality Indian resident

Interest Rates and Charges

Bajaj Finserv offers instant personal loan with a competitive interest rate, and transparent fees and charges, to make the loan process easier for you.

You can get up to Rs.25 lakh at an attractive rate of interest, with a flexible repayment tenor that suits your budget. With the Flexi Loan facility, you can pay up to 45% lower EMIs too.

A Personal Loan for All Your Special Needs

Use a Bajaj Finserv Personal Loan to meet a wide range of financial needs such as planning a vacation or your dream wedding, paying for your higher studies or home renovation. You can use it to cover expenses related to medical emergency, among other things.

Bajaj Finserv offers personal loan for women, individuals employed by the Government of India and various public-sector units (PSUs), as well as school teachers and college professors.

And that’s not all. If you have multiple forms of debt – overdue bills, credit card dues, or short-term loans of varying interest rates, a personal loan can come in handy. Consolidate all your existing loans into one with a personal loan and manage your instalments effectively.

Bajaj Finserv offers attractive interest rates and a host of benefits to help you meet all your financial obligations with ease. Fill the online application form and avail a loan today.

Check your loan eligibility and calculate your EMIs with our easy-to-use eligibility calculator and EMI calculator.

Personal Loan FAQs

What is a Personal Loan and how does it work?

Personal Loan is an unsecured loan, which means you don’t need to pledge a collateral to receive the funds. Availing one is easy – you can apply online and you can 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.

What are the eligibility criteria for Personal Loan?

To avail a quick personal loan, you only need to meet the basic eligibility criteria.

  • You must be a residing citizen of India
  • Aged between 23 and 55 years
  • Employed with an MNC, public or private company

As long as you meet the salary requirement based on your city of residence, you can qualify for a loan.

What are the documents required for a Personal Loan?

To avail a loan, you will need to submit the following documents:

  • Passport-size photographs
  • KYC Documents – PAN, Aadhaar, Driving license, Voter’s ID, Passport
  • Bank account statements for three months

What is the minimum salary required for Personal Loan?

The minimum salary required to avail a Bajaj Finserv Personal Loan depends on your city of residence. For instance, if you reside in Mumbai, Pune, Bangalore, or Delhi, you must have a monthly salary of Rs.36,000.

How much CIBIL score is required?

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

What is the maximum loan that I can get?

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

How can I calculate EMI?

You can use the handy EMI calculator to determine your monthly instalments.

How can I get quick approval on my personal loan application?

Getting approval on your loan application is easy.

  • Just meet the basic eligibility requirements
  • Keep your PAN ID handy
  • Get approval in an instant.

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

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

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

Where can a personal loan be used?

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

  • Travel
  • Wedding
  • Medical emergency
  • Home renovation
  • Higher education
  • Debt consolidation

What is the difference between term loan and flexi loan?

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

A Flexi loan, on the other hand, essentially provides you with a pre-approved loan limit based on your credit score and eligibility. You can withdraw money from your loan limit as many times as you need – without having to apply multiple times. You also have the option to prepay the loan as per your convenience.

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

*terms and conditions apply.

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Disclaimer :

Calculator is an indicative tool to check personal loan eligibility and assist the user to calculate the loan amount that the user will be eligible to borrow. Calculation results are approximations and for information purposes only and interest rates quoted are indicative. Actual interest rates and loan eligibility amount will vary. To check eligibility for Personal Loan and know the actual eligibility amount, the user should share his complete and accurate details by clicking on the ‘apply now’ tab and provide additional information/ documents required for assessment of user’s application. Calculation results are not intended to substitute professional advice which the user is advised to seek. Loan terms and conditions apply.