Personal Loan for wedding

Weddings are a once-in-a-lifetime event where years of planning come together to create a very special experience for you and those you care for. Make it grand and memorable – be it the venue, outfits, entertainment, gifts, and the furniture and durables for the newlyweds. Cover all your wedding-related expenses with our Flexi Hybrid Personal Loan. Read more about how this works.

venue and decor

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 jewellary

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

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.

enterainment

ENTERTAINMENT

Book a trendy DJ to get the party going or a live band to set the mood. Set up fun activities so your guests have a blast and have games to keep the children entertained.

guest hospitality

GUEST HOSPITALITY

Give your guests a once-in-a-lifetime experience by booking their stay at a luxurious or boutique resort. Hire the best chefs to create a fantastic menu for the celebrations.

Features and benefits of our personal loan

All you need to know about our Personal Loan

Watch this video to know everything about the features of our personal loan

  • 3 unique variants

    3 unique variants

    Pick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid Loan.

  • No part-prepayment charge on Flexi Term Loan

    No part-prepayment charge on Flexi Term Loan

    Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.

    Read about Flexi Term Loan

  • Loan of up to

    Loan of up to Rs. 35 lakh

    Manage your small or big expenses with loans ranging from Rs. 1 lakh to Rs. 35 lakh.

  • Manage your loan easily with repayment options

    Convenient tenures

    Manage your loan easily with repayment options ranging from 12 months to 84 months.

  • Approval in just

    Approval in just 5 minutes

    Complete your entire application online from the comfort of your home or wherever you are.

  • Money in your account

    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.

  • No hidden charges

    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. 

    Know about our fees and charges

  • No guarantor or collateral needed

    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.

  • *Terms and conditions apply.

    Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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Pre-approved offers for new customers

We have pre-approved offers for our existing customers as well as our new customers. To check, all we need is your mobile number.

If you are our pre-approved customer, you do not need to go through the entire application process. Think of it as our green channel.

Check your pre-approved offer

You may not need a loan at this point of time, or you may not have a pre-approved offer. You can still choose from a wide range of products:

  • Set up your Bajaj Pay wallet

    Set up your Bajaj Pay wallet

    The only 4 in 1 wallet in India that gives you the option to transfer money or pay using UPI, EMI Network Card, credit card, and your digital wallet.

    Download Bajaj Pay

  • Check your credit health

    Check your credit health

    Your CIBIL score and credit health are some of the most important parameters for you. Get our Credit Health Report and stay in the pink of health always.

    Check your CIBIL score for free

  • Pocket Insurance to cover all your life events

    Pocket Insurance to cover all your life events

    We have 400+ Pocket Insurance covers starting from Rs. 19 to cover all your life events - trekking, monsoon-related diseases, car key loss/ damage, and more.

    Discover Insurance Mall

  • Set up an SIP for as little as Rs. 100 per month

    Set up an SIP for as little as Rs. 100 per month

    Pick from over 900 mutual funds across 40 mutual fund companies like Aditya Birla, SBI, HDFC, ICICI Prudential Mutual Fund, and more.

    Discover Investment Mall

Calculator

EMI Calculator

Plan your instalments better.

Eligibility criteria and documents required

Anyone can apply for our personal loan, 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.

Eligibility criteria

  • Nationality: Indian
  • Age: 21 years to 67 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL score: 750 or higher.
  • Monthly salary: Starting Rs. 22,000, based on the city you live in.

Documents required

  • KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months

*You should be 67 years or younger, at the end of the loan tenure.

Calculator

Check your personal loan eligibility

Find out how much loan amount you can get.

Personal loan application process

Step-by-step guide to apply for a personal loan

  1. Click on ‘APPLY’ at the top of this page to open our online application form.
  2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  4. Now, click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure – you can select tenure options of 12 months to 84 months and click on ‘PROCEED’.
  7. Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.

Applicable fees and charges

Type of fee

Applicable charges

Rate of interest

11% onwards.

Processing fees

Processing fee up to 3.84% of the loan amount (Inclusive of applicable taxes)

Flexi Fee Term Loan – Not applicable
Flexi variant (as applicable below)
Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 199,999/-
Rs. 3,999 (Inclusive of applicable taxes) for loan amount >=2 Lacs & < 4 Lacs
Rs. 5,999 (Inclusive of applicable taxes) foe the loan amount is >=4 Lacs & < 6 Lacs
Rs. 6,999 (Inclusive of applicable taxes) for the loan amount is >= 6 Lacs & < 10Lacs
Rs. 7,999 (Inclusive of applicable taxes) for the loan amount is >=10 Lacs
Will be deducted upfront from loan amount

Bounce charges

Rs. 600 - Rs. 1,200 per bounce.

Penal interest

Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI.

Part-prepayment charges*

4.72% (inclusive of applicable taxes)

Stamp duty

At actuals (as per state).

Mandate rejection charges

Rs. 450 (inclusive of applicable taxes) per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate.

Annual maintenance charges

Flexi Term and Flexi Hybrid Loan - 0.295% inclusive of applicable taxes, on the total withdrawable amount irrespective of utilisation on date of levy of such charges.

Foreclosure charges

Term Loan - 4.72% plus applicable taxes on the principal outstanding amount as on the date of such full pre-payment.
Flexi Term and Flexi Hybrid Loan - 4.72% plus applicable taxes on total withdrawable amount (total loan amount that you can withdraw under Flexi Term Loan from time to time as per the repayment schedule on the date of levy of such charges).

Terms and conditions apply

3 unique variants of our personal loan

  • Flexi Term Loan

    Imagine you take a loan of Rs. 2 lakh for a tenure of 24 months. For the first six months, you pay the regular equated monthly instalment (EMI). 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 (our customer portal) 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 is 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.

  • Flexi Hybrid 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 that could vary depending on the tenure 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 Loan works.

  • 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.

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Frequently asked questions

What is the Flexi Term Loan?

Bajaj Finserv is one of the first lenders in the country to offer the unique Flexi Term Loan facility on personal loans. This facility allows you to withdraw from your assigned loan amount or pay a part of your loan as and when you need it.
You are charged interest only on the amount that you withdraw. And there is no part-prepayment fee applicable.

Read about our Flexi Term loan

What is a Flexi Hybrid Loan?

The Flexi Hybrid Loan is another convenient variant of personal loans offered by Bajaj Finserv. This option lets you divide your loan tenure over two parts – the initial tenure and the subsequent tenure.

  • Initial tenure: The monthly instalments for the initial part of the tenure (usually the first 12 months of your loan) are ‘interest-only’ – you are only expected to pay the interest component of the loan. The principal component of your loan is not due during this period. 
  • Subsequent tenure: The monthly instalment for the next part of the tenure (usually the tenure following the first 12 months of your loan) comprises the principal amount and the interest component payable on the personal loan.

The subsequent tenure commences from the expiry of the initial tenure.

You can withdraw money throughout the loan tenure and pay a part of your loan in advance at your convenience. You will be charged interest only on the amount utilised.

Key reasons why Flexi Hybrid Loan is better than a Term loan.

What is a Term loan?

A term loan is a conventional personal loan in which the principal amount and interest are repaid in regular payments over a set period of time.

When you apply for a personal loan from Bajaj Finserv, you can choose from one of three variants – Term loan, Flexi Term Loan, and Flexi Hybrid Loan. Flexi Term Loans and Flexi Hybrid Loans offer greater flexibility and convenience and are the preferred loan options. 

Apply for a personal loan from Bajaj Finserv.

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 tenures
  • Pre-approved offers
  • No hidden charges

Read more on why our personal loan is the best option for you.

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

The minimum salary criteria for a personal loan from Bajaj Finserv depends on your city of residence. For instance, your minimum monthly salary should be Rs. 30,000 if you reside in Pune, Bangalore, Mumbai, or Delhi.

What are the documents required for a personal loan?

New customers applying for a personal loan need to submit just their basic identity and financial documents. These include:

  • 2 passport-size photographs
  • KYC documents – Aadhaar card, PAN card, voter ID, driving licence, passport
  • Bank account statements for three months
  • Salary slips for the last two months

Bajaj Finserv offers pre-approved personal loans to special customers. If you qualify for a pre-approved offer, you may not need to submit any documents or additional paperwork. You can get the funds in just 30 minutes*.

Check your pre-approved offer now

How can you calculate your EMI?

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

Calculate your EMIs with the personal loan EMI calculator.

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