Rs. 12 Lakh Personal Loan

Rs. 12 Lakh Personal Loan

Check your eligibility for personal loan of Rs. 12 lakh with your phone and OTP - no branch visit needed.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

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Video

Rs. 40000 - Rs. 55 lakh

Calculate your EMIs

You may be eligible for a pre-approved offer

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

Features and benefits of Rs. 12 lakh personal loan

  • High loan amount

    Manage both small and large expenses with quick personal loans ranging from Rs. 40000 to Rs. 55 lakh—perfect for business investments, property purchases, or major life events.

  • Flexi loans

    Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.

  • Pre-approved offers

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

  • Convenient repayment tenures

    Manage your loan easily with flexible repayment options ranging from 12 months to 96 months, allowing you to choose EMIs that fit your income cycle and budget.

  • Approval in just 5 minutes*

    Complete your entire personal loan application online from the comfort of your home or office and get an instant personal loan with lightning-fast approval.

  • Money in account within 24 hours*

    Your bank account will be credited with your loan amount within 24 hours* of approval, or in some cases, on the same day—ideal for urgent business or personal needs.

  • Complete transparency - no hidden charges

    Our fees and charges are mentioned clearly on this page and in all loan documents. We maintain complete transparency, allowing you to make informed financial decisions.

  • No guarantor or collateral needed

    You don't need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor—completely unsecured financing.

*Terms and conditions apply.
 

These features make this one of the best personal loans in India.

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Get a personal loan for Rs. 12 lakh instantly

With a personal loan online, you can easily secure funds up to Rs. 12 lakh with minimal documentation. Offering a competitive Rs. 12 lakh loan interest rate, this loan can meet various needs, such as emergencies, home improvements, or personal expenses.


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

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How to apply for a personal loan of Rs. 12 lakh

  • 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.
     

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

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Why opt for a Rs. 12 lakh personal loan?

A personal loan of Rs. 12 lakh can be an ideal choice for handling big expenses like weddings, medical needs, or home renovations. With competitive rates and fast approval, a Rs. 12 lakh loan ensures convenient funding. You can manage repayments easily by calculating your Rs. 12 lakh personal loan EMI, spreading the cost across a flexible tenure to suit your budget.

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Eligibility criteria for personal loan for Rs. 12 lakh

To apply for a Rs. 12 lakh personal loan, you need to fulfil the required personal loan eligibility criteria. Key requirements for a Rs. 12 lakh loan from Bajaj Finance include:


  • 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.

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Documents required for personal loan for Rs. 12 lakh

To apply for an instant personal loan of Rs. 12 lakh, it is a good idea to keep the following documents handy:
 

  • 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
     

Know more about the documents required for personal loan.

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Rs. 12 lakh personal loan EMI for up to 10 years

Here’s an estimated EMI for a Rs. 12 lakh personal loan with varying interest rates over a 10-year tenure:
 

Loan AmountInterest RateTenureEMI Amount
Rs. 12 Lakh10% p.a.10 yearsRs. 16,000
Rs. 12 Lakh12% p.a.10 yearsRs. 17,000
Rs. 12 Lakh14% p.a.10 yearsRs. 18,000

This illustration helps you plan repayment efficiently and manage your finances better while availing a Rs. 12 lakh personal loan. You can check exact EMIs using the personal loan EMI calculator.

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Personal loan interest rates for Rs. 12 Lakh

Personal loan interest rates and charges vary based on the lender, credit profile, and loan amount. Bajaj Finserv Personal Loan offers interest rate ranging from 10% to 31%. p.a.Ensure you review all applicable charges and the interest rate on personal loan before applying. For instance, depending on the interest rate, calculating your Rs. 12 lakh personal loan EMI for 5 years helps you understand monthly outgo and plan finances better. By estimating your Rs. 12 lakh personal loan EMI, you can choose a suitable repayment tenure. Learn more about the Rs. 12 lakh personal loan for 5 years to make an informed borrowing decision.

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Check out our personal loan options

1 Lakh Personal Loan2 Lakh Personal Loan3 Lakh Personal Loan
6 Lakh Personal Loan7 Lakh Personal Loan8 Lakh Personal Loan
9 Lakh Personal Loan5 Lakh Personal Loan10 Lakh Personal Loan
15 Lakh Personal Loan20 Lakh Personal Loan25 Lakh Personal Loan
30 Lakh Personal Loan35 Lakh Personal Loan40 Lakh Personal Loan
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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 31% 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 levied on each instance in the event of: (i) dishonour of any payment instrument irrespective of whether the customer subsequently makes the payment through an alternate mode or channel on the same day; and/or (ii) non-payment of instalment(s) on their respective due dates where any payment instrument is not registered/furnished; and/or (iii) rejection or failure of mandate registration by the customer’s bank.

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) of the Dropline limit as per the repayment schedule as on the date of full prepayment.
• Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

Part-prepayment

• Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-
• 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 0.30% (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 0.30% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.30% (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