Preferred Language

Preferred Language

Personal Loan
Please enter your full name
Please enter your full name
Please choose your city of residence from the list
Please type your city name and select it from the list
Your mobile number helps us fetch your personal loan offer. Don’t worry, we will keep this information confidential.
Mobile number cannot be blank

I authorize Bajaj Finserv representatives to call/SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C apply

Please accept Terms and Conditions

OTP has been sent to your mobile number


Incorrect OTP, please try again

Click on 'Resend' if you want to get a new OTP

47 Seconds
Resend OTP Entered the wrong phone number? Click here

How to Improve Your Chances of Getting Approved For a Personal Loan?

NBFCs have simplistic terms and conditions to sanction a personal loan and their disbursal time is, therefore, shorter. The loan amount gets credited to your bank account within the same day.

However, non-compliance of eligibility criteria can lead to your loan application getting rejected.

Follow these tips to improve your chances of personal loan approval:

  1. Improve Your CIBIL Score
    Start by improving your CIBIL score if it is low. A score above 750 is ideal to get approval for unsecured loans.
    Pay your total credit card amount due within time and keep the credit utilisation under 30% of your limit to increase your credit score.
  2. Lower Your Monthly Debts
    There is a high chance of your loan application getting rejected if your monthly debts are more than 50% of your income. Clear any existing loan and pay off your credit card bills to lower your debt.
  3. Check The List of Required Documents
    Submit your identity proof documents (Driving License/PAN/Passport/Aadhaar/Voter ID) and latest bank account statements to qualify for these loans.
    Along with the above, salaried customers have to provide their latest salary slips and employee ID card while self-employed applicants must submit income tax returns, previous year’s turnover, and proof of business.
  4. Fulfil the Eligibility Criteria
    An applicant should be an employee at an MNC or a public/private company. Besides, he/she have to be between the age of 23 and 55 years and a resident of India to satisfy the personal loan eligibility criteria.
  5. Apply For The Right Loan Amount
    Applying for the right loan amount is essential to ensure your application is approved. A personal loan eligibility calculator tells you precisely the amount you are eligible to avail based on your income status, existing debts, and other factors.
    In addition to the above, your job stability also plays a crucial role behind the approval of personal loan. Frequently switching job shows irregularity in employment and leads to loan rejection.

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