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Features and benefits of our personal loan
All you need to know about our personal loan
Watch this video to know everything about our personal loan
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
Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.
Loan of up to Rs. 40 lakh
Manage your small or large expenses with loans ranging from Rs. 20,000 to Rs. 40 lakh.
Manage your loan easily with repayment options ranging from 6 months to 96 months.
Approval in just 5 minutes
Complete your entire application online from the comfort of your home or wherever you are and get an instant personal loan with fast approval.
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
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.
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.
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.
Frequently asked questions
Here is a step-by-step guide to applying for a Rs. 1 lakh personal loan:
- Click on ‘APPLY’ to open our online application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- 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 6 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Apply for a personal loan
The EMI usually depends on the repayment tenure and the personal loan interest rates charged by the lender. You can use a personal loan EMI calculator to find out the EMI of Rs. 1 lakh personal loan.
For instance, if you borrowed Rs. 1 lakh at an interest rate of 13%, the following is your EMI.
Approximate EMI at 13% interest rate
Age, credit score, monthly income, your relationship with the lender, and a few other factors can have an impact on personal loan interest rates. You can get a Bajaj Finance Personal Loan with competitive interest rates starting at 11% p.a.
Bajaj Finserv in your city
Pehowa, a small town located in the northern state of Haryana, holds great religious significance as it is believed to be the place where the sacred Saraswati River merges with the holy Ghaggar River.
To help residents of Pehowa manage their money needs, Bajaj Finance offers instant personal loans of up to Rs. 40 lakh.
Apply online or walk into a Bajaj Finserv branch to get a collateral-free personal loan.