Personal loan with instant approval

In today’s fast-moving digital world, getting a personal loan has become quicker and far more convenient. With online applications now widely available, borrowers no longer need to rely on lengthy paperwork or branch visits. Many financial institutions and lending platforms in India allow you to apply for a personal loan online, making the entire process faster and easier.

Bajaj Finance, one of India’s leading NBFCs, offers high-value personal loans through a fully online application journey. With quick approval and fast disbursal, borrowing becomes simple and stress-free. If you are planning ahead or facing an urgent expense, you can also check your pre-approved loan offer using your phone number and OTP, apply online in minutes, and receive funds quickly without visiting a branch.

Bajaj Finance offers personal loans in three variants – Term Loan, Flexi Term (Dropline) Loan, and Flexi Hybrid Term Loan. When you choose a Flexi loan variant, a loan limit is assigned to you, from which you can withdraw funds whenever required.

The key advantage is flexibility. Interest is charged only on the amount you actually withdraw, not on the entire sanctioned limit. You can also part-prepay your Flexi loan multiple times without additional charges. If you opt for a Flexi Hybrid Term Loan, you get the added benefit of paying interest-only EMIs during the initial part of the tenure, helping you manage cash flow more comfortably.

Pre-approved offers

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

Disbursal in a few hours*

Get the loan amount in your bank account within 24 hours*, making it easy to manage any urgent expenses.

Minimal documents needed

Submit just a few basic documents to get the funds you need.

Flexible repayment tenure

You can take a personal loan ranging from Rs. 40000 to Rs. 55 lakh - and spread the repayment over long tenure of up to 8 years.

Quick online approval

Apply online to receive quick approval on your personal loan in Madurai within a few minutes.

No collateral required

Get a personal loan without any collateral or guarantor, making the process simple and quick. Use the personal loan EMI calculator for to estimate your EMI.

Use our customer portal, My Account, and manage your loan account online.

Eligibility conditions for personal loans may vary across lenders. You can qualify for a Bajaj Finance Personal Loan once you meet the following basic criteria:

• 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.

• 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

Bajaj Finserv offers personal loans at competitive interest rates to ensure affordability and flexibility for borrowers. Interest rates are customised based on your credit profile and financial background, helping you get suitable terms. Before applying, it is always wise to understand how personal loan interest rates work so you can plan your repayments better and avoid surprises later.

1. Visit the personal loan page and click on APPLY
2. Enter your 10-digit mobile number and OTP
3. Fill in the application form with your basic details
4. Click on PROCEED to visit the loan selection page
5. Enter the loan amount required and choose from Term Loan, Flexi Term (Dropline) Loan, or Flexi Hybrid Term Loan
6. Select a repayment tenure between 12 months to 96 months and click PROCEED
7. Complete your KYC and submit the application

The process is completely online. You can apply from the comfort of your home and receive approval within minutes. With quick disbursal, eligible borrowers can get funds in 24 hours*. Before starting, you can also check your eligibility for personal loan to plan your borrowing with confidence.