Personal Loan

Personal Loan

Please enter your Full Name
Full Name cannot be blank
Please choose your City of residence from the list
City cannot be blank
Why Mobile Number? This will help us fetch your personal loan offer. Don’t worry, we will keep this information confidential.
Mobile Number cannot be blank

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

Please accept Terms and Conditions

OTP has been sent to your mobile number

7897897896

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

Bajaj Finserv Personal Loan

Personal loan can be used for a variety of financial needs such as home renovation, travel, wedding, medical treatment and any other emergent financial requirement.

Apply for a personal loan of up to Rs.25 lakh from Bajaj Finserv with 45%* lower EMI. Get instant approval with minimal documentation. Borrow money without pledging any collateral and get your loan disbursed in just 24 hours.

Our instant personal loan is available for salaried professionals in India at attractive interest rates.

  • Features and Benefits of Personal Loans

  • Pay up to 45% lower EMI

    Pay up to 45%* lower EMIs

    Meet your expenses with a Flexi Personal Loan and reduce your instalments by up to 45%*. Borrow money as and when you need from your sanction, without the need for multiple applications and additional documentation.

  • Money in bank in 24 hours

    Money in bank within 24 hours*

    Bajaj Finserv offers the fastest personal loans in India – with disbursal in just 24 hours* of your loan getting approved.

  • Instant Personal Loan upto Rs. 25 Lakh

    High loan amount

    You can get an instant personal loan of up to Rs.25 lakh based on your eligibility.

  • Flexible tenors

    Flexible Tenure

    Repay your loan with ease with flexible repayment tenures ranging from 12 to 60 months.

  • Minimal documentation

    Online process with minimal documentation

    Apply for a personal loan online in few clicks. Complete the application process by submitting only a few basic documents and get instant loan approval.

  • No hidden charges

    No hidden charges

    What you see is what you get. With easy to understand terms and conditions, our Personal Loan is transparent and comes with zero hidden charges.

  • Instant approval

    Instant approval in minutes

    Meet the basic eligibility criteria and receive paperless approval on your online personal loan application within just 5 minutes.

  • Pre-approved offers

    Pre-approved Loan offers

    Avail the pre-approved offer to enjoy shorter processing time. If you are an existing customer, all you need to do is share your basic contact details, share the one-time password (OTP) and check your pre-approved offer.

Personal Loan Eligibility Criteria

The eligibility criteria are easy to meet. To qualify for a loan, you must fulfil these requirements:

  • Minimum Salary - As per your city of residence
  • Age - 23 to 55 years
  • Minimum CIBIL Score - 750
  • Employment - Salaried, employed with an MNC, public, or private company
  • Nationality - Indian resident

Did you know? You can get your free credit report in just three easy steps. No impact on your credit score - Check Free Cibil Score.

Personal Loans for All Your Special Needs

Personal loans are a suitable option for you to fulfil your diverse financial needs. Utilize a personal loan to meet various funding needs such as –

  • Wedding - Meet the high-end expenses of a grand wedding or plan post-marriage trips with the help of a personal loan.

  • Travel - Fulfil your travel goals with funds availed against simple eligibility criteria. Cover all the expenses, including flight tickets and hotel bookings during your trip to a national or international destination.

  • Higher education - Provide complete financial support to your child during higher education with high-value personal loans. Meet all financing needs such as course fees, travel expenses, hostel charges and more with customised personal loans in India.

  • Home renovation - Manage the necessary home renovation and repair expenses with an instant loan and repay over a flexible tenor of your choice.

  • Medical emergency - Avail personal loans online with minimal documentation to address medical emergencies, which requires immediate funding.

  • Debt consolidation - Consolidate multiple debts into one with an instant, high-value personal loan.

  • Used cars - Apply for a personal loan online to finance the purchase of a used car. Avail a loan at competitive interest rates and repay in easy EMIs.

How to Apply for Personal Loan?

The application process for a personal loan is simple and convenient. Proceed with the following steps to apply for Personal loans with Bajaj Finserv.

  1. Fill in the online application form with your personal, employment and financial details.
  2. Choose your loan amount and repayment tenor to receive instant approval.
  3. A Bajaj Finserv representative will get in touch with you. Submit all the necessary documents to him/her.
  4. Receive disbursal of your loan within 24 hours of approval.

Personal Loan FAQs

What is a Personal Loan?

A Personal Loan is an unsecured loan, which means you don’t need to pledge a collateral to receive the funds. Availing one is easy – you can apply online and you can use the money to meet almost any expense.

Bajaj Finserv, one of the most diversified NBFCs in India, offers instant personal loans with paperless approval and quick disbursal.

Where can a personal loan be used?

It can help you meet a wide range of financial requirements, such as:

  • Travel
  • Wedding
  • Medical emergency
  • Home renovation
  • Higher education
  • Debt consolidation

How long does it take to get approved for a personal loan?

With Bajaj Finserv, you can expect approval on your loan application in less than 5 minutes.

What are the eligibility criteria for Personal Loan?

To avail a quick personal loan, you only need to meet the basic eligibility criteria.

  • You must be a residing citizen of India
  • Aged between 23 and 55 years
  • Employed with an MNC, public or private company

If you meet the salary requirement based on your city of residence, you can qualify for a loan.

What are the documents required for a Personal Loan?

To avail a loan, you will need to submit the following documents:

  • Passport-size photographs
  • KYC Documents – PAN, Aadhaar, Driving license, Voter’s ID, Passport
  • Bank account statements for three months

How can I get quick approval on my personal loan application?

Getting approval on your loan application is easy.

  • Just meet the basic eligibility requirements
  • Keep your PAN ID handy
  • Get approval in an instant.

Alternatively, you can check if you qualify for a pre-approved loan.

What is the maximum loan that I can get?

You can borrow money up to Rs.25 lakh without pledging any collateral.

How can I calculate EMI?

You can use the handy personal loan EMI calculator to determine your monthly instalments.

What is the difference between term loan and flexi loan?

A standard term loan is a fixed loan amount that you borrow as a lumpsum. It is availed at a fixed rate of interest and must be repaid over a specific tenor.

A Flexi loan, on the other hand, essentially provides you with a pre-approved loan limit based on your credit score and eligibility. You can withdraw money from your loan limit as many times as you need – without having to apply multiple times. You also have the option to prepay the loan as per your convenience.

For greater flexibility and convenience, choose a Flexi loan by Bajaj Finserv and lower your EMIs by up to 45%*.

*terms and conditions apply.

How much CIBIL score is required?

The ideal CIBIL score to get instant paperless approval on Bajaj Finserv Personal Loans is 750 and above.

What is the minimum salary required to get a loan?

The minimum salary required to avail a Bajaj Finserv Personal Loan depends on your city of residence. For instance, if you reside in Mumbai, Pune, Bangalore, or Delhi, you must have a monthly salary of Rs.36,000.

Check Your Personal Loan EMI

loan amount

Please enter loan amount

tenor

Please enter tenor

interest rate

Please enter interest rate

Your EMI amount is

Rs.0

Apply Now

Disclaimer :

Calculator is an indicative tool to check personal loan eligibility and assist the user to calculate the loan amount that the user will be eligible to borrow. Calculation results are approximations and for information purposes only and interest rates quoted are indicative. Actual interest rates and loan eligibility amount will vary. To check eligibility for Personal Loan and know the actual eligibility amount, the user should share his complete and accurate details by clicking on the ‘apply now’ tab and provide additional information/ documents required for assessment of user’s application. Calculation results are not intended to substitute professional advice which the user is advised to seek. Loan terms and conditions apply.