VENUE AND DÉCOR
A dream wedding is incomplete without its breathtaking décor. You can have a stunning setup for the special day or book yourself a beautiful destination wedding.
OUTFITS AND JEWELLERY
You want to look your best on the wedding day. Get that designer lehenga or sherwani, book yourself the best makeup artist in town, and gift your daughter-in-law some gold jewellery.
PHOTOGRAPHY
Preserve the memories of a lifetime with a wedding album that remains timeless even on your 25th anniversary. Hire the best photographer, book a pre-wedding shoot, and set up a photo booth for your guests.
3 unique variants of our personal loan
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Flexi Term Loan
Imagine you take a loan of Rs. 2 lakh for a term of 24 months. For the first six months, you pay the regular equated monthly instalments (EMIs). By now, you would have repaid about Rs. 50,000.
Suddenly, you have an unforeseen need for Rs. 50,000. All you need to do is to go to My Account and withdraw Rs. 50,000 from your Flexi Term Loan account. Three months later, you just got your bonus of Rs. 1,00,000 and would like to pay back a part of your Flexi Term Loan. This time again, all you need to do is go to My Account and pay back a part of your Flexi Term Loan.
During all this while, your interest is automatically adjusted, and you are paying interest only on the outstanding amount at any point of time. Your EMI consists of both principal and adjusted interest.
Unlike in the case of other personal loans, there are absolutely no fee/ penalty/ charges for paying back or withdrawing from your Flexi Term Loan account.
This variant is ideal for today’s lifestyle, wherein managing expenses can get unpredictable. You can pick this variant if you are looking for the best personal loans in India with flexible terms.
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Flexi hybrid term loan
This is another variant of our personal loan that works exactly like Flexi Term Loan. The only difference is that, for the initial period of the loan, your EMI will only consist of the applicable interest. For the remaining period, the EMI will consist of the interest and principal components.
Click here for a detailed description of how our Flexi hybrid term loan works.
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Term loan
This is like any other regular personal loan. You borrow a certain amount of money, which is divided into equated monthly instalments that consist of both principal and the applicable interest.
There is a fee applicable for repaying your term loan before the completion of your loan tenure.
Features and benefits of Rs. 15 lakh personal loan
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Features and benefits of Personal Loan
Discover the features and benefits of a Personal Loan—quick approval, minimal paperwork, flexible repayment options, and no collateral required.Explore the features and benefits of a personal loan from Bajaj Finserv. Flexible terms, easy approval.
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3 unique variants
Pick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid Term Loan.
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No part-prepayment charge on Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan
Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.
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Loan of up to Rs. 55 lakh
Manage your small or large expenses with quick personal loans ranging from Rs. 40000 - Rs. 55 lakh.
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Convenient tenures
Manage your loan easily with repayment options ranging from 12 months to 96 months.
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Approval in just 5 minutes
Complete your entire personal loan application online from the comfort of your home or wherever you are and get an instant personal loan with fast approval.
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Money in your account in 24 hours*
Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval.
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No hidden charges
Our fees and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying.
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No guarantor or collateral needed
You do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.
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*Terms and conditions apply.
These features make this one of the best personal loans in India. Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Eligibility criteria and documents required
You can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for funds up to Rs. 55 lakh.
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
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
*You should be 80 years or younger, at the end of loan tenure.
*Higher age limit is applicable at the time of loan maturity.
How to apply for a personal loan
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Current Interest Rate on Personal Loans
Use the interest calculator to get accurate repayment details based on the latest rates for a personal loan. It helps you plan better with competitive interest rates and manage your loan efficiently, ensuring lower EMIs. By understanding the fees and charges, you can make informed decisions and comfortably repay your loan.
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
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Term Loan – Not applicable Flexi Loans – Up to Rs 1,999 to Rs 12,999/- (Inclusive of applicable taxes) Will be deducted upfront from loan amount. |
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: • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan. |
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 |
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. Flexi Hybrid Term Loan: Up to 0.472% (Inclusive of applicable taxes) of the Dropline limit during Initial Tenure. Up to 0.472% (Inclusive of applicable taxes) of Dropline limit during Subsequent Tenure |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
Personal loans for different categories of salaried employees
Personal loans are available for a wide range of professionals, as financial needs differ across sectors. A personal loan for salaried individuals can be customised based on employment type and income stability. Common categories include:
- Personal loan for government employees
- Central government staff
- State government employees
- PSU professionals
- Personal loan for teachers and educators
- School teachers
- College professors
- Coaching institute employees
- Personal loan for healthcare professionals
- Doctors
- Nurses
- Paramedics and lab technicians
- Personal loan for IT and software employees
- Software engineers
- BPO and KPO staff
- Technical support professionals
- Personal loan for bank and financial institution employees
- Bank officers
- NBFC employees
- Insurance professionals
- Personal loan for engineers and technical staff
- Civil, mechanical, and electrical engineers
- Design and project engineers
- Personal loan for PSU and public sector workers
- Railways employees
- Utility services staff
- Defence PSU professionals
- Personal loan for armed forces and law enforcement
- Army, Navy, and Air Force personnel
- Paramilitary forces
- Personal loan for corporate and private sector employees
- MNC professionals
- Start-up employees
- Personal loan for media and creative professionals
- Journalists
- Designers
- Public relations professionals
- Personal loan for aviation, hospitality, and travel staff
- Pilots and cabin crew
- Ground staff
- Hotel and travel agency employees
- Personal loan for retail, sales, and FMCG employees
- Retail store staff
- Sales executives
- Marketing professionals
- Personal loan for manufacturing and industrial workers
- Factory staff
- Plant supervisors
- Assembly line workers
- Personal loan for logistics and transport employees
- Warehousing staff
- Shipping and freight professionals
- Delivery personnel
- Personal loan for agriculture and rural development employees
- Krishi Vibhag employees
- NABARD and cooperative bank staff
- Personal loan for energy and utility sector employees
- Power distribution workers
- Oil and gas professionals
- Renewable energy sector employees
Frequently asked questions
Yes, you can get a Bajaj Finserv Personal Loan to fund your dream wedding. So, whether you're finalising the caterer or the makeup artist, selecting from a few choreographers, choosing the perfect wedding dress, or narrowing down the venues for your dream wedding, a personal loan can cover all your wedding related expenses.
You only need to meet a few simple requirements to get a marriage loan:
- You must be between 21 years and 80 years*.
- You must be a salaried employee of an MNC, public, or private company
- You must be a resident citizen of India.
- You can get a loan if you meet the salary requirements for your city.
**Age should be 80 years* or less at the end of the loan tenure.
You must submit the following documents for personal loan for marriage from Bajaj Finance.
- 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
You can use our personal loan EMI calculator to figure out your monthly payments and loan tenure that fits your budget. You only need to enter the amount you want to borrow, the interest rate, and the tenure to get an estimate of the EMI you are likely to pay.
Bajaj Finance Personal loans have a processing fee of up to 3.93% of the loan amount (inclusive of applicable taxes).
A marriage loan is a type of personal loan designed to cover wedding expenses, offering financial support for venues, decor, catering, and other costs.
Loan amounts depend on your income, credit score, and lender policies.
Salaried and self-employed individuals with a steady income, good credit score, and meeting the lender's eligibility criteria can apply for a marriage loan.
A wedding loan is the best option to cover marriage expenses. It offers quick approval, flexible repayment terms, and funds up to Rs. 55 lakh, helping you manage venue bookings, jewellery, catering, and other wedding costs with ease.
