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Personal Loan
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Get Rs. 12 Lakh Personal Loan

Securing a personal loan allows individuals to access substantial funds to meet various financial requirements. You can utilise these funds to finance a wedding, travel or during medical emergencies. With Bajaj Finserv, you can get an instant personal loan of Rs.12 lakh loan at competitive interest rates and meet all your funding needs without hassle.

Take a look at some of the benefits and features of the Rs.12 lakh loan from Bajaj Finserv:

Features and Benefits of Rs. 12 Lakh Personal Loan

  • Fast processing

    We offer instant personal loans wherein you can get the loan amount in your account in just 24 hours*.

  • Instant approval

    Quick approval

    Once you meet essential eligibility criteria and submit the required documents, you can get instant approval on your loan.

  • Pre-approved offers

    Pre-approved offers

    Avail of pre-approved offers for hassle-free loan processing and get quick funds for urgent expenses. Check your pre-approved personal loan offer by entering basic contact details.

  • No hidden charges

    No hidden charges

    With a Bajaj Finserv Personal Loan, you can be assured of 100% transparency and no hidden charges.

  • Lower EMIs

    With our Flexi personal loan, you can reduce your monthly instalments by up to 45%*.

  • Long repayment tenor

    Loan repayment becomes convenient and hassle-free with a flexible tenor of up to 60 months.

Eligibility Criteria and Documents Required for Rs. 12 Lakh Loan

Meet the following eligibility requirements to avail of a personal loan of Rs.12 lakh from Bajaj Finserv. Utilise a personal loan eligibility calculator beforehand to check the amount you are eligible for.

  • Age: Between 20 to 60 years
  • Citizenship: Residing citizens of India
  • Employment: Salaried individuals employed with an MNC, public, or private limited company
  • Monthly salary: Based on the city of residence
  • CIBIL score: 750 and above

Apart from meeting the eligibility parameters, submit the following documents during the application:

  1. KYC documents like ID address proof
  2. Previous 2 months’ salary slip
  3. Employee ID card
  4. Last 3 months’ bank account statements

Moreover, our Personal Loan EMI Calculator allows you to calculate monthly instalments to aid you in financial planning.

Interest Rates for Rs.12 Lakh Personal Loan

We offer personal loans at competitive interest rates. You must note the additional charges to ensure that you are aware of the total cost of borrowing.

Frequently Asked Questions

How to get a personal loan of Rs.12 lakh?

Apply with Bajaj Finserv by following these steps below:

  • Step 1: Enter essential details like personal, financial and employment in the online form.
  • Step 2: Choose an appropriate loan amount and tenor to get instant approval.
  • Step 3: Submit your documents to our representative.
  • Step 4: Receive the loan amount in your account within 24 hours*.

What is the EMI for a personal loan of Rs.12 lakh?

Calculating EMIs for your Rs.12 lakh personal loan is easier if you use a Personal Loan EMI Calculator. Enter the following information on this calculator to evaluate your monthly instalments:

  • Loan amount
  • Interest rate
  • Loan tenor

In addition, you can reduce your EMI amount by maintaining a high credit score and extending your loan tenor.

Did you know, a good CIBIL score can help you get a better deal on loans and credit cards?