Personal Loan Features

To choose the best personal loan in India, compare interest rates, processing fees, and tenure across multiple lenders. Assess your credit score and eligibility. Consider hidden charges, repayment flexibility, and customer reviews. There are many personal loan finance companies, but you should opt for a reputable lender with favourable terms and transparent policies that align with your financial needs and capabilities.

With Bajaj Finance Limited, you can expect instant approval on your personal loan application. You can also check if you have a pre-approved offer. It takes just 2 steps.

You can use our personal loan EMI calculator to compute the monthly instalment and tenure that suits your budget. You only need to enter the amount you need to borrow, the interest rate, and the tenure to get an estimate of the EMI. If you are considering different types of loans, you can also use our generic EMI calculator to get estimated EMIs.

You can repay your personal loan in the form of EMIs (equated monthly instalments). Here, a fixed amount is automatically deducted from your bank account every month. You can set up a NACH mandate with your bank to pay the EMIs.

You can borrow up to Rs. 55 lakh Inclusive of insurance premium, VAS charges, Flexi facility charges, and processing fees without pledging any collateral. Check your eligibility for our personal loan with just your mobile number and OTP.

To get a quick personal loan, you only need to meet a few basic personal loan eligibility criteria:

• You must be between 21 years and 80 years* of age
• You must be a salaried individual employed with an MNC, public or private company
• You must be a residing citizen of India
• If you meet the salary requirement based on your city of residence, you can qualify for the loan.

You should be 80 years* or younger, at the end of the loan tenure

You will be asked to submit the following documents to get a personal loan from Bajaj Finserv:

• 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
• Real-time image / photograph
• Ration card
  

Here is why you should choose a Bajaj Finserv Personal Loan 

*Terms and conditions apply

The ideal credit score to get instant paperless approval for the best personal loan in India differs from lender to lender. A CIBIL Score of 685 and above is required to get a Bajaj Finance Personal Loan.

Since our personal loan is unsecured, it is a loan without security. You do not have to pledge collateral such as property or gold to get our personal loan.

Lenders provide an interest rate when you opt for a personal loan. The personal loan interest rate depends on several factors including CIBIL Score, income, debt-to-income ratio, employment stability etc. Once you know the interest rate, you can use the interest calculator to know your EMI outflow.

*Terms and conditions apply.