Benefits of a personal loan

1. High loan amount

With a Bajaj Finserv Personal Loan, you can get funds from Rs. 40,000 to Rs. 55 lakh. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

2. Flexible tenures

Repayment tenure ranges from 12 months to 108 months, allowing you to plan your EMIs based on your budget.

3. Quick disbursal

Loan amounts are typically disbursed within 24 hours*, subject to approval, ensuring timely access to funds.

4. No collateral required

Personal loans are unsecured loans, so no asset such as property or gold is required as security.

5. Competitive interest rates

Interest rates generally range from 10% and 30% p.a., helping you manage repayment efficiently.

6. Minimal documentation

The application process requires basic documents such as identity proof, address proof, and income proof.

7. Simple eligibility criteria

Eligibility requirements are straightforward, making it easier for both salaried and self-employed individuals to apply.

8. Multiple usage options

A personal loan can be used for any legal purpose, including medical expenses, home renovation, travel, or education.

9. Flexi loan facility

Some lenders offer a Flexi facility, allowing you to withdraw funds as needed and pay interest only on the utilised amount.

10. Pre-approved offers

You can check your pre-approved personal loan offer using your mobile number and OTP without visiting a branch.

Eligibility 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.

Documents required

• 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

Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

Step-by-step guide to apply for a personal loan

1. Click on ‘CHECK ELIGIBILITY’ on this page.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
6. Choose the repayment tenure and click on ‘PROCEED’.
7. Complete your KYC and submit your application.

Our representative will contact you for further steps.