How to get a personal loan of Rs. 20 lakh for 5 years

Personal loans are a convenient option for those needing quick access to funds. With a loan amount repaid over a fixed tenure, you can easily plan your finances by calculating the Rs. 20 lakh loan EMI for 5 years. Lenders assess eligibility based on credit score, employment history, and income. This flexible financing option can help cover expenses like medical emergencies, education, home improvements, and more, making it a versatile financial solution.

How to get a personal loan of Rs. 20 lakh for 5 years?

Bajaj Finance offers personal loans with minimal eligibility requirements and flexible repayment options. If you're planning to opt for a Rs. 20 lakh personal loan EMI for 5 years, simply meet the basic eligibility criteria and submit the necessary documents to get started with ease. 

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

• 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.

To ensure a smooth approval process, it is crucial to have all the necessary personal loan documents prepared when applying. Bajaj Finance Personal Loan streamlines the documentation process, requiring the submission of just these documents.

• 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
• Phone bill
• Real-time image / photograph
• Ration card

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

Determining your personal loan EMIs involves several factors, including the loan amount, interest rate, and repayment tenure. Manual calculation of these EMIs can be complex and prone to errors. To simplify the process and obtain accurate results instantly, an online EMI calculator is considered an ideal tool. This online calculator not only provides immediate results but also aids in financial planning by offering prior information about your EMI amount. You can use the personal loan EMI calculator on the website of Bajaj Finance and effortlessly calculate your EMIs with just a few clicks. Simply input your loan amount, interest rate, and repayment tenure (in months) to instantly retrieve your loan EMI details. 

With the personal loan from Bajaj Finance, enjoy quick disbursal and a simple online application process. To get started, just meet the basic eligibility criteria and submit the required documents.

Securing funds is facilitated through a straightforward online personal loan application process. To apply for a personal loan of Rs. 20 lakh with a repayment period of 5 years, you can follow these simple steps:

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 other personal loan amounts