Instant personal loan in Bhubaneswar
Bhubaneswar, the capital of Odisha, is celebrated as the temple city for its stunning Kalinga architecture and renowned temples, making it a major tourist destination in eastern India. Additionally, the city thrives as a hub for education, IT, tourism, and administration, with tourism being a key revenue generator. Recognized as India's best city for doing business by the World Bank in 2014, Bhubaneswar also witnesses a significant demand for personal funding. Bajaj Finserv caters to this need by offering high-quantum personal loans with minimal eligibility requirements. These unsecured loans come with flexible tenors of up to 96 months and no end-use restrictions, making them ideal for diverse needs like education, weddings, or home improvement.
Features and benefits of a personal loan in Bhubaneswar
-
Online account management
You can now access your loan account and check relevant information anytime on our customer portal - My Account.
-
Pre-approved offers
Look for pre-approved offers that simplify the loan availing process and save more time.
-
Adequate funding
Fulfil your requirements with adequate funding of up to Rs. 55 lakh from Bajaj Finserv.
-
Money within 24 hours*
Within 24 hours*, receive the approved loan amount directly in your account.
-
Approval within minutes
It takes us only 5 minutes to approve your loan application online.
*Conditions apply
Eligibility criteria for a personal loan in Bhubaneswar
Bajaj Finserv simplifies the process of availing personal loans with easy eligibility criteria. Prospective borrowers can use the free personal loan eligibility calculator to determine the maximum loan amount they qualify for. This online tool provides instant results based on the specified eligibility parameters.
-
Age
21 years to 80 years* years
-
Monthly Income
Depends on your city of residence. Check the city list
-
Nationality
Residing Indian citizenship
-
Employment
Working at a reputed MNC or private/public company
-
Credit score
685 and above
Documents required to get a personal loan in Bhubaneswar
To avail of a personal loan in Bhubaneswar, applicants must submit essential documents to ensure hassle-free approval. Knowing the personal loan document requirements in advance helps streamline the process. Here’s what you’ll need:
- 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 the loan tenure.
Uses of personal loan in Bhubaneswar
Personal loans in Bhubaneswar are versatile and can be utilized for various financial needs, such as:
- Travel Expenses: Plan your dream getaway with a travel loan, covering costs like flights, accommodations, and more.
- Wedding Costs: Manage all wedding-related expenses effortlessly with a marriage loan.
- Educational Needs: Fund tuition fees, study materials, or other academic costs through a personal loan for higher education.
- Medical Emergencies: Get immediate financial aid during emergencies with a medical loan.
- Home Improvements: Upgrade or renovate your home conveniently using a personal loan for home expenses.
These loans come with no end-use restrictions and flexible repayment options to suit your financial needs.
How to Apply for a Personal Loan in Bhubaneswar?
Applying for a personal loan in Bhubaneswar is a straightforward process. Follow these steps to apply for personal loan conveniently:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- 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
Interest rates and charges on a personal loan
Learn about the fees and charges imposed on a collateral-free personal loan in Bhubaneswar.
Frequently asked questions
No. EMIs or equated monthly instalments contain both the principal amount and the payable interest. Borrowers must pay EMIs on fixed due dates until the tenor ends.
Additional Read: What is an EMI?
If your CIBIL score is below 685, you may have to pay a higher rate of interest. Also, the terms and conditions become more stringent. In extreme cases, your loan application may also get rejected. You can apply with a co-borrower, provide an additional income source or increase the score before taking a new loan.
A personal loan can be used for diverse purposes, including home renovation, product purchase, foreign trips, higher education, weddings, and other enormous expenses.
Salaried or self-employed individuals meeting the lender's eligibility criteria, including age, income, and credit score, can avail of a personal loan in Bhubaneswar.
You can borrow up to Rs. 55 lakh, subject to your eligibility and repayment capacity.
The minimum income requirement for a personal loan depends on the lender's policies and can vary, typically starting from a reasonable monthly income.
The maximum repayment term can go up to 96 months, depending on the lender's policies.
Foreclosure terms vary by lender. Some may charge a nominal fee, while others offer foreclosure options at no additional cost.
