Features and benefits

  • Ample sanction

    Ample sanction

    Get approved for an instant personal loan of Rs. 5 lakh. Meet your financial obligations without any spending restrictions.

  • Lengthy repayment plan

    Lengthy repayment plan

    Choose a tenor that ranges up to 96 months to match your capabilities.

  • Near-instant loan approval

    Near-instant loan approval

    By meeting the simple criteria and submitting the required documents, you can get approved for a personal loan within 5 minutes* of applying.

  • Same-day loan disbursal

    Same-day loan disbursal

    To complement quick approval, you get money in the bank within 24 hours*.

  • Collateral-free funding

    Collateral-free funding

    Enjoy funding without needing to pledge any assets or securities.
  • Personalised loan deals

    Personalised loan deals

    If you’re an existing customer, get a pre-approved personal loan to benefit from fast loan processing and quick disbursal.

  • Online facilities

    Online facilities

    Use the online loan account to conveniently access loan Information, check your statements, or manage EMI payments.

Avail funding of up to Rs. 5 lakh for any end-use, be it medical emergencies, wedding expenses, travel, business expansion, or more with a personal loan from Bajaj Finserv. All you have to do is meet the simple eligibility terms, furnish minimal documentation, and start your application journey online. Our quick approval and disbursal simplify financing for urgent needs.

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How much EMI will I need to pay for a personal loan of Rs. 5 lakh?


Approximate EMI at 13% interest rate

2 years


3 years


5 years


Eligibility criteria

  • Nationality



  • Age


    21 years to 80 years*

  • CIBIL score

    CIBIL score

    685 or higher

To plan your loan efficiently and to ensure your EMIs are optimal, use the Personal Loan EMI Calculator. This free online tool is simple to use and displays accurate results within seconds.

How to apply for a personal loan of Rs. 5 lakh

Here's a quick 5-step guide to applying for a personal loan online:

  1. 1 Click on 'APPLY ONLINE'
  2. 2 Fill in the simple application form and enter your phone number
  3. 3 Verify your identity with OTP authentication
  4. 4 Proceed by filling in basic KYC, employment, and income details
  5. 5 Upload the required documentation and complete the form

Our representative will contact you shortly with further instructions.

*Conditions apply

Frequently asked questions

How to apply for a personal loan of Rs. 5 lakh?

You can avail of a personal loan of Rs. 5 lakh by following these easy steps:

  • Fill up the loan application form with all the relevant personal and financial details.
  • Select the loan amount and the repayment tenor.
  • Submit the required documents to our representative.
  • Post verification, the loan amount of Rs. 5 lakh will be credited to your account.
What is the EMI for a loan of Rs. 5 lakh?

Since the EMI of your personal loan will vary as per the interest rate and loan repayment tenor, you can find the EMI estimates using a personal loan calculator. For example, if you borrow a personal loan of Rs. 5 lakh at an annual interest of 14% with a tenor of five years, you will have to pay an EMI of Rs. 11,634.

You can also calculate your personal loan EMI with the Bajaj Finserv Personal Loan EMI Calculator by providing the tenor, loan amount, and interest rate.