How to get a personal loan in 5 easy steps?

In need of quick funds? You can get an instant personal loan with a seamless online application process, minimal documentation, and swift approval. 

✅ Check your pre-approved loan offer in just 2 steps and get funds in 24 hours.

Whether for medical emergencies, home renovations, or travel, Bajaj Finance offers loan option with competitive interest rates. Check your eligibility, apply online, and receive funds instantly to manage urgent financial needs effortlessly.

Step 1: Learn all you can about the personal loan before you apply

• Loan features – Explore Bajaj Finserv Personal Loan offerings, including eligibility criteria and benefits.
• Loan terms – Check details like the maximum loan amount, repayment tenure, interest rates, and processing fees.

Step 2: Check your loan eligibility and estimate your EMIs

Before applying for a personal loan, it is essential to assess your eligibility and plan your repayment.
 

• Eligibility check – Use the personal loan eligibility calculator by entering basic details to determine the loan amount you qualify for.
• EMI calculation – Once eligible, estimate your monthly repayments using a personal loan EMI calculator to plan your budget effectively.

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

Step 3: Apply online for the funds you need

1. Click on ‘CHECK ELIGIBILITY’ at the top of this page
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Check your pre-approved offer and fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Click on ‘PROCEED’ to visit the loan selection page.
5. Enter the loan amount that you need, or go with the offer amount. Choose from our personal loan variants.
6. Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
7. Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.

Step 4: Submit required documents

Submitting the necessary documents is a crucial step in the personal loan application process. Check the complete list of documents required for a personal loan to ensure a hassle-free application.
 

• 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

Step 5: Get approval for personal loan

In case there is no pre-approved offer - once you meet the eligibility criteria, you can receive instant approval for your loan within minutes. The quick and hassle-free process ensures timely access to funds.

• Instant approval – Eligible applicants get approval within just 5 minutes*.
• Loan confirmation – After selecting loan details, a representative will guide you through the next steps.
• Quick disbursal – The approved loan amount is credited to your bank account within 24 hours*.
   

Apply for a personal loan and experience a seamless borrowing process.

Additional Read: Know everything about the loan

• Nationality: Indian
• Age: 21 years to 80 years.
• Employed with: Public, private, or MNC.
• CIBIL Score: 685 or higher.
• Customer profile: Self-employed or Salaried

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

Applying for a personal loan from Bajaj Finance is a simple and efficient process, ensuring quick access to funds when needed. By understanding loan eligibility, submitting the required documents, and selecting suitable repayment terms, borrowers can secure a loan that aligns with their financial goals. Additionally, checking the personal loan interest rate beforehand helps in planning repayments effectively. With instant approvals and fast disbursals, Bajaj Finance makes borrowing hassle-free, offering a seamless experience for individuals looking to manage their financial needs efficiently.

*Conditions apply