Personal Loan in Patiala

Personal Loan in Patiala

Check your eligibility for personal loan in Patiala with your phone and OTP - no branch visit needed.
FAQs

FAQs

Rs. 40,000 - Rs. 55 lakh

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

Check now

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

Bajaj Finserv in your city

  • A Bajaj Finserv Personal Loan in Patiala offers flexibility, speed, and ease of access—making it the ideal financial solution for residents of the city. With zero collateral, simple documentation, and 100% online approval, it’s a smart way to handle life's financial needs.


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

Known for its royal heritage, educational institutions, and vibrant culture, Patiala is one of Punjab’s most well-developed cities. With growing urban infrastructure and evolving lifestyle needs, residents often require financial flexibility. A personal loan in Patiala can help you handle planned and unplanned expenses without draining your savings.


*Terms and conditions apply.

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Features and benefits of a personal loan in Patiala

  • Quick approval

    Fulfil the eligibility and submit the vital documents along with the personal loan application for instant approval.

  • Funds of up to Rs. 55 lakh

    With proper eligibility, you can avail funds up to Rs. 55 lakh with easy terms. Check terms and conditions now.

  • No hidden costs

    Bajaj Finserv Personal Loan does not accompany any hidden charges. We maintain 100% transparency on loans.

  • Pre-approved offers

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

  • Flexible tenure

    Take the help of a personal loan EMI calculator and choose a tenure up to 108 months.

  • Manage loan online

    Visit our customer portal - My Account, and monitor the repayment status and other details online.

  • Money within 24 hours*

    Once the loan is approved, the money reaches the bank account within 24 hours*.

  • Minimal documentation

    Avail a personal loan from us with minimal paperwork. It hastens the loan processing further.

Patiala is a major commercial and cultural centre of Punjab. It also has Netaji Subhas National Institution of Sports that provides opportunities to several young sporting talent. Besides, this city also has several educational institutions.


Patiala's residents can now apply for an online personal loan from Bajaj Finance and address any financial requirements. You only have to submit a few necessary documents and meet basic eligibility criteria to get instant funds. Use this fund to finance any big-ticket expenses like higher education, starting a new business, weddings and many more.


All you have to do is click on “Check Eligibility” on this page to get started. Before applying, read the terms and conditions and check the interest rates.


Our Personal Loan branches in Patiala

Personal Loan In RajpuraPersonal Loan In Rajpura Patiala

*Conditions apply

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Eligibility criteria and documents for personal loan in Patiala

You can easily get the funds you need in Patiala 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
    • 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 Patiala

  • 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 three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
    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

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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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