Personal Loan

Personal Loan of Rs. 5 Lakh

Rs.5 Lakh Personal Loan: Know the Features and Benefits

Personal expenses of an individual can appear in several ways, with some being urgent and other anticipated. Financing options like personal loans from Bajaj Finserv can help meet these funding needs conveniently. Available as Rs.5 lakh personal loan, these credits are easy to receive and easier to repay. You can avail these loans against minimum eligibility and documents. Check out other features and benefits this loan brings to you.

  • High-value loan

    High-value loan amount

    The instant personal loan for 5 lakh amount can also be availed up to Rs.25 lakh by meeting the necessary eligibilities. You may, therefore, easily meet your financing needs of varying nature like of your child’s education, marriage expenses, emergency medical treatment, travel abroad, and many more.

  • Flexible tenors

    Convenient repayment with long tenor

    The personal loan is available with a flexible tenor ranging from 12 to 60 months. With this long period, it is easy to manage your finances and make timely payment of your Rs.5 lakh loan EMI.

  • Quick approval of loan application

    Bajaj Finserv also provides quick approval to the loan application within 5 minutes. All you need to do is meet the basic eligibilities and furnish the required documents to avail it. Also, the amount of Rs.5 lakh is available as low income personal loan to suit the financing requirements of individuals with lower incomes.

  • Money in bank in 24 hours

    Disbursal within 24 hours of approval

    Along with quick approval, the loan is also disbursed to your account within 24 hours of approval. Thus, when you feel like ‘I need 5 lakh loan urgently’, it is the one to go for.

  • Collateral-free loan

    Credit availability without collateral

    Being an unsecured personal loan, Bajaj Finserv provides it without any collateral, thus making it easily accessible.

  • Pre-approved offers

    Pre-approved offer

    With Bajaj Finserv, you also get pre-approved Personal Loan offer that makes the process of availing finance hassle-free and convenient. All you are required to do to know this offer is provide basic details like your name and contact number and complete an OTP verification to check these personal loan offers.

  • Online loan account

    Easy management of account online

    Check your account statement, manage EMI payments, or get access to any other information for your loan conveniently on the online loan account.

Eligibility Criteria and Documents

An individual must meet the necessary eligibility criteria and submit the documents required to avail this 5 lakh personal loan.

Avail this short term loan quickly to meet your varying funding needs. Use a personal loan EMI calculator to arrive at a suitable monthly instalment for your loan.

Rs.5 lakh Personal Loan: Application Procedure

You must decide on the loan amount and a suitable tenor before you apply for this loan. It helps you repay the loan conveniently in easy EMIs.

Now, check out the steps you need to follow to apply for a low salary personal loan with Bajaj Finserv.

Step 1:

Fill in the required columns for personal, employment and financial details.

Step 2:

Receive immediate approval online after selecting the loan amount and tenor.

Step 3:

Once our representative contacts you, submit the documents.

Step 4:

Within the next 24 hours, the loan will be disbursed to your account.