Personal Loan App

Personal Loan App

An instant personal loan app in India offers quick, collateral-free loans with minimal documentation, fast approval, and disbursal within 24 hours*, helping users manage planned and urgent expenses conveniently.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

Video

Video

Rs. 40,000 - Rs. 55 lakh

Calculate your EMIs

You may be eligible for a pre-approved offer

Check now

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

 
 

Key Takeaways


The Bajaj Finance app simplifies personal loan applications by bringing key borrowing and repayment features together in one digital platform.


  • Apply for a personal loan online without visiting a branch.
  • Get quick approval and fast disbursal, subject to eligibility and verification.
  • Interest rates start at 10% p.a., with the applicable rate based on your profile.
  • Flexi loan customers can withdraw funds and make part-prepayments without additional charges, as applicable.
  • Track your loan, view EMIs and manage repayments through the app.

The Bajaj Finance instant personal loan app combines convenience, speed, and flexibility, helping users manage both planned and urgent financial needs with ease.

Introduction to personal loan app

A personal loan app such as the Bajaj Finance app lets eligible borrowers apply for a personal loan of up to Rs. 55 lakh through a digital process. It can simplify borrowing by allowing you to complete the application, submit documents, track your loan and manage repayments from your smartphone.


With a digital-first experience, you can apply from wherever you are, reducing the need for branch visits and paperwork. The app also makes it easier to manage your loan conveniently.


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



Whether you apply via the mobile app or through the Bajaj Finance Personal Loan website, you can enjoy a fully digital process with disbursal within 24 hours* and complete loan management capabilities.


Why mobile apps matter: Modern consumers expect 24/7 accessibility and instant processing - our app delivers both by putting powerful lending capabilities directly in your pocket.

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Features and benefits of instant personal loan app

  1. Avail of high-value personal loans

    Access a collateral-free loan ranging from Rs. 40,000 - Rs. 55 lakh for your various needs.


  2. Apply via pre-approved offers

    Check your pre-approved limit and avail of your offer to get instant loan approval.


  3. Plan with the EMI calculator

    Use the app’s personal loan EMI calculator to pick the loan amount and a repayment term ranging from 12 months to 108 MONTHS.


  4. Manage current and previous loans

    Track your application, access your digital loan account, download statements, make payments, and get details of closed loans via the app – anytime, anywhere.


  5. Make payments on the go

    Pay EMIs, part-prepay or foreclose loan, and view future payments easily.


  6. Obtain extra credit quickly

    Avail additional funds with the drawdown facility by getting your OTP authenticated.


  7. Select your preferred language

    You can choose to use the English version of the app or pick from any regional languages available in the app.


  8. Receive timely notifications

    Stay updated about your EMIs and never miss an upcoming loan offer.


  9. Raise a request

    Log a request, check its status, and view previous requests too.


  10. Have one app for the family

    Enable the family sharing feature to allow your family members to use this Bajaj Finance instant personal loan app.


  11. Enjoy new functionalities

    Get instant help via chatbot and join our referral program.

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Eligibility for applying through a personal loan app

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

  • NationalityIndian
    Age21 years to 80 years
    Employed withPublic, private, or MNC.
    CIBIL Score650 or higher.
    Customer profileSelf-employed or Salaried

You must be 80 years or younger at the end of the loan tenure. Check your eligibility for personal loan using the eligibility calculator before applying.

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Documents required for a finance loan app

The best personal loan app requires minimal documentation, including personal loan required documents such as identity, address and income proof.


Document CategoryAccepted Options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt

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

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How to download the Bajaj Finance loan app

Here is how you can download our app on Apple and Android devices:

  • How to download the Bajaj Finance app through the Play Store?

    Follow these simple steps to download and install Bajaj Finance App through play store:


    1. Download Bajaj Finance app from the play store
    2. Click on ‘install’ to start downloading the app
    3. Once downloaded, open the Bajaj Finance App
    4. Accept the end-user licence agreement (EULA) to start using the app
    5. Login with your registered mobile number and OTP

  • How to download the Bajaj Finance app on the App Store?

    Follow these simple steps to install and download Bajaj Finance app through app store.


    1. Open the Apple App Store and search for the Bajaj Finance App
    2. Click ‘Download’ to start the download
    3. Once downloaded, click ‘install’ to install the app on your phone
    4. Allow notifications for the app
    5. Choose your language and click ‘Proceed’ to continue
    6. Login with your registered mobile number and OTP
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How to apply for a personal loan via the Bajaj Finance app?

Applying through the Bajaj Finance app involves logging in securely, checking available offers and completing the required application details online.


  1. Download the app from Google Play or the Apple App Store.
  2. Log in using your registered mobile number and the OTP sent to your phone.
  3. Check your pre-approved offer under the relevant offers section.
  4. Select the loan offer and review the applicable amount, interest rate and tenure.
  5. Complete the application and submit the required details and documents.

Use your mobile number and OTP to check your pre-approved loan offer and proceed with the application online.

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How long does it take to get a loan approved through an app?

Loan approval through an app can take from a few minutes to a few hours, depending on your eligibility, verification process, and the documents submitted. Many instant personal loan apps offer quick approvals for eligible applicants through a fully digital process. Once the required details are verified and the application is approved, the loan amount is disbursed as per the lender’s policies, helping users access funds quickly when needed.

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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi 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 30.5% p.a.

Processing fees

Up to 4.13% 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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Frequently asked questions

Overview

Interest rate

Loan amount

Comparison

Which personal loan app is best?

There are several best personal loan apps, just ensure they are licensed by the Reserve Bank of India (RBI) and have transparent terms and conditions. Always read terms, compare interest rates, and borrow responsibly to maintain financial security.

Yes, most personal loan apps allow pre-closure of loans. You can repay the outstanding loan amount before the loan tenure ends. However, check the terms and conditions of the specific app or lender, as there may be pre-closure charges or penalties, which can vary from one lender to another.

The best personal loan app online for instant loans varies by individual financial circumstances. However, it's crucial to compare interest rates, terms, and customer reviews.

The Bajaj Finance Personal Loan app is an instant loan app that offers a fast approval and disbursal process. However, the speed of approval can vary based on individual eligibility, documentation, and other factors. Mobile apps have revolutionised the lending landscape, offering easy personal loans online.

Download the loan app, register with your mobile number, fill in personal and income details, upload required documents, and submit the application for verification and approval.

To secure a low-interest personal loan, maintain a high credit score, showcase a stable income, and reduce existing debts. Compare lenders to find the best rates, consider secured loans, and leverage relationships with banks or credit unions. A co-signer or collateral may also enhance your loan eligibility and help secure a lower rate. Apps such as the Bajaj Finance app offer a digital process and competitive rate of interest.

To use an online personal loan app, download a personal loan app, create an account, and provide required personal and financial information. Input the loan amount, desired tenure, and interest rate preference. Upload necessary the documents and complete loan application process.

NBFCs such as Bajaj Finance provide the best personal loan apps online. To use the Bajaj Finance Personal Loan App, download it, enter your personal details, and submit the necessary documents. Once your documents are approved, the funds will be disbursed directly to your bank account for immediate use.

The Personal Loan App and Bajaj Finance Loan App offer a seamless way to apply for a personal loan instantly. With attractive pre-approved offers, you can access competitive interest rates, which may vary based on factors like credit score, income, and lender policies. Personal Loan interest rates generally start from 10% p.a., with additional charges such as processing fees, bounce charges, and prepayment fees. Use an EMI calculator to estimate your monthly repayments and plan your loan efficiently for a hassle-free borrowing experience.

Applying for an instant loan online through apps offers several advantages: quick approvals, immediate loan disbursal within 24 hours*, and convenience. These apps streamline application with their digital process, allowing you to apply anytime, anywhere, and receive funds rapidly, making them ideal for urgent financial needs.

Applying for a loan through an app is generally safe when you use a trusted platform that follows secure verification and data protection practices. Always download apps from official stores and review permissions before sharing personal information.

A CIBIL Score of 650 or higher is generally required to apply for a Bajaj Finance Personal Loan through the app. However, approval depends on factors such as income, existing financial obligations, employment profile and other eligibility criteria assessed by the lender.

Yes, you may be able to apply for a personal loan through the app without a salary slip, depending on your employment profile and available income documents. Lenders may accept alternative proof of income, such as bank statements or other documents, to assess your repayment capacity.

No, Bajaj Finance personal loan app is transparent about fees; there are no hidden charges, and all costs are disclosed upfront in the loan agreement.

The future of online personal loan apps is likely to focus on faster, simpler and more secure digital borrowing. Key developments may include:


  • Faster verification with improved digital technology and less paperwork.
  • Personalised offers based on eligible borrowers' financial profiles.
  • Stronger security to protect personal and financial information.
  • Integrated services for managing applications, repayments and other financial needs in one place.
  • Greater convenience through smoother, more accessible digital loan experiences.

Yes, renters can apply for a personal loan through an app if they meet the lender's eligibility criteria. Factors such as income, employment status, age, and credit history are usually considered during the application and approval process.

Yes, salaried employees may get instant approval through a loan app if they meet the eligibility requirements and complete the verification process successfully. Approval time depends on factors such as income, credit profile, and the lender's internal policies.

The best app for personal loan for small business owners with low credit is one that offers simple eligibility criteria, quick approvals, and flexible repayment options. Compare interest rates, loan features, and documentation requirements to choose an app that suits your business and financial needs.

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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