Personal Loan in Barnala

Personal Loan in Barnala

Check your eligibility for personal loan in Barnala with your phone and OTP - no branch visit needed.
Loan Types

Loan Types

FAQs

FAQs

Video

Video

Rs. 40,000 - Rs. 55 lakh

You may be eligible for a pre-approved offer in Barnala

Check now

Enter mobile and OTP | Check offer | No branch visit needed

Bajaj Finserv in your city

  • Whether it’s for wedding expenses, medical bills, higher education, travel, or home renovation, a Bajaj Finance Personal Loan in Barnala offers quick funds without the need for collateral.


    ✅ Check your pre-approved loan offer in Barnala with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

Barnala, located in Punjab, is a prominent industrial hub known for its textile, garment, and agricultural equipment manufacturing units. The city’s economy thrives on agriculture, with crops like wheat, paddy, and cotton forming the backbone. With well-developed infrastructure, growing trade opportunities, and a blend of urban and rural lifestyles, Barnala offers residents both convenience and cultural richness.


*Terms and conditions apply.

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Features and benefits of a personal loan in Barnala

  • Quick approval

    Apply via an online application form and receive instant approval from Bajaj Finance.

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Barnala with just your phone number and OTP – no need to visit the branch.

  • Online account facility

    It’s easy to access your loan account online by using our customer portal – My Account.

  • Tenure options

    Our free personal loan EMI calculator helps select tenures up to 108 months matching your financial capability.

  • Zero hidden charges

    Bajaj Finance ensures complete transparency and maintains nil hidden charges at simple terms and conditions.

  • Minimum documents required

    Submit only a handful of necessary documents to get this fund almost instantly.

  • Unsecured loans

    You do not need to keep an asset as collateral to qualify for a personal loan from Bajaj Finance. 

  • High loan amount

    Get a high sum from Rs. 40,000 to Rs. 55 lakh with nominal documentation and flexible repayment options.

  • Money in your bank within 24 hours*

    The sanctioned loan amount is credited to your account within 24 hours* of approval.

Barnala has a prominent industrial base and serves as a marketplace for towns nearby. The textile market here, especially handicrafts and handlooms, are well-known across Punjab. Some of its specialised products are woodwork, traditional jewellery, phulkari dupattas, and more.


If you are looking to get instant financing in Barnala, consider a personal loan from Bajaj Finance for high-value loans. Our personalised loans can be used for multiple purposes, starting from home renovation to medical emergencies. Borrowers can even use the money for debt consolidation and manage their money effortlessly.


Take care of all your monetary needs with our affordable, unsecured loans.


*Conditions apply
 

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Eligibility criteria and documents for personal loan in Barnala

You can easily get the funds you need with the below criteria:

  • 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

    *You should be 80 years or younger, at the end of the loan tenure.

  • 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
    • Phone bill
    • Real-time image / photograph
    • Ration card

Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

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How to apply for personal loan in Barnala

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

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan 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 offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

Our representative will contact you for further steps.

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

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)

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

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part 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

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.


Flexi Hybrid Term Loan:

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

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Disclaimer

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