Personal Loan in Punjab

Personal Loan in Punjab

Check your eligibility for personal loan in Punjab with your phone and OTP - no branch visit needed.
FAQs

FAQs

Rs. 40,000 - Rs. 55 lakh

You may be eligible for a pre-approved offer in Punjab

Check now

Enter mobile and OTP | Check offer | No branch visit needed

Bajaj Finserv in your state

  • A Bajaj Finserv Personal Loan in Punjab makes borrowing simple and stress-free. With quick online approval, zero collateral, and flexible tenures, you can handle any financial situation confidently — no matter where you live in the state.


    ✅ Check your pre-approved loan offer in Punjab with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

Punjab, known for its vibrant culture, agriculture, and industrial growth, is home to several rapidly developing cities. With increasing financial aspirations and evolving lifestyle needs, people often look for quick, flexible, and digital loan options. A personal loan in Punjab provides just that — a smart and stress-free way to manage planned or unplanned expenses.


*Terms and conditions apply.

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Features and benefits of personal loan in Punjab

  • Quick approval

    With proper eligibility and documentation, the loan approval takes only a few minutes.

  • Flexible terms

    Choose a tenure up to 108 months and utilise a personal loan EMI calculator for better calculation.

  • Check pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Punjab with just your phone number and OTP – no need to visit the branch.

  • Get funds of up to Rs. 55 lakh

    1. Fulfil the eligibility criteria and get an advance up to Rs. 55 lakh.. You can use these funds for any financial requirements.

  • Collateral-free fund

    Avail of a personal loan from Bajaj Finance without keeping an asset as security and qualify for it easily.

  • Minimal documentation

    Submit only a handful of documents and speed up the loan approval process. Submit the application form alongside.

  • Manage account online

    Access your loan account using the customer portal - My Account. Check upcoming EMI payment dates and other details online.

  • Money in the account within the same day*

    After the verification, the money gets credited within the same day* of approval to your account.

  • Transparent policies

    Bajaj Finance offers personal loan finance that comes with transparent terms and conditions.

Punjab is a state with diverse cultures and religions. As several rivers flow through this state, Punjab is one of the most fertile lands for cultivation. The majority of the population are employed in agriculture, and wheat is the main crop produced here. Individuals living in Punjab can opt for a personal loan from Bajaj Finance and address their financial requirements. They can use these funds for purposes including weddings, higher education, start-ups and many more.


You can apply online to receive the funds without any hassle. The simple eligibility parameters and basic paperwork make this loan easy to get within a short time.

Use the online tools available on our page to check eligibility, EMIs and repay the loan without difficulty.


*Conditions apply

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Eligibility criteria and documents for personal loan in Punjab

You can easily get the funds you need in Punjab with the below criteria:

  • 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
    • Real-time image / photograph
    • Ration card

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

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How to apply for personal loan in Punjab

  • 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 three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
    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.

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000