How to Apply for Personal Loan

With a Bajaj Finserv Personal Loan, you can borrow up to Rs. 55 lakh which you can repay over the loan tenure of 96 months.

Bajaj Finance offers instant approval on personal loans.

Yes, many lenders offer instant personal loans, especially for pre-approved customers. Online applications and digital processes ensure quick approval and disbursal, often within a few hours.

To start the personal loan application process:

• Click on 'CHECK ELIGIBILITY' on this page. Now, enter your contact details, and verify the OTP sent to your phone.
• Fill in the application with your basic details and click on proceed. 
• Then, enter the loan amount that you need.
• Complete your KYC and submit your loan application.

Yes, you can apply for a personal loan even if you have an existing loan. But please note that your loan repayment capacity will be checked before approving your loan application.

Following are the documents required to apply for a Bajaj Finserv Personal Loan:

• 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
  You can use our Personal Loan EMI Calculator to calculate your EMIs.

Common reasons include a low credit score, insufficient income, unstable employment, high existing debts, or errors in your application. Ensure eligibility criteria are met and documents are accurate to avoid rejection.

No, making multiple applications can harm your credit score as lenders view it negatively. For a Bajaj Finserv Personal Loan, you can check your eligibility with just your mobile number and OTP.