Plan your EMI outflow with ease. Use our personal loan EMI calculator to calculate your personal loan EMI and interest payable.
₹40,000 - ₹50 Lakh
Check your pre-approved offer and other benefits
Enter mobile and OTP | Check offer | Know your exact loan terms
Features and benefits of our personal loan
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3 different loan types - Interest-only EMI option
We have different loan types that you can choose from, based on your needs - Term Loan, Flexi Term Loan, and Flexi Hybrid Loan.
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Pro-tip
Select Flexi Hybrid Loan type for interest-only EMIs up to 24 months. Since you are only repaying the interest in this period, the EMIs will be low. Check your eligibility with phone number and OTP and know if you can get the Flexi Hybrid Loan.
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Money in your account in 24 hours*
You will get the loan amount in your bank account within 24 hours* or, in some cases, on the same day of approval.
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Loan of up to Rs. 55 lakh
You can take a loan ranging from Rs. 40,000 to Rs. 55 lakh - allowing you to manage different types of expenses.
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Long repayment period – up to 96 months.
You can spread your repayment over 8 years, which means manageable EMIs right from the start.
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Approval in just 5 minutes
Complete your application online and get quick approval for your instant personal loan.
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No part-prepayment charge on Flexi Loans
With our Flexi Loans, you can withdraw and part-prepay at no extra charges – as many times as you want.
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No guarantor or collateral needed
You do not need to provide any collateral such as gold ornaments and property papers to get the loan.
*Terms and conditions apply.
These features make this one of the best personal loans in India.
Eligibility criteria for personal loan
Depending on your profile, you may already be eligible for a pre-approved offer. In that case, you do not have to check eligibility criteria separately.
Find out your loan offer in just two clicks
Offer or no offer, you can get our personal loan by meeting these 5 simple eligibility criteria:
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.
Depending on your offer, you may need to keep a few documents ready when applying for the loan. Check the list of documents required for personal loan.
How to apply for a personal loan
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Step-by-step guide to apply for a personal loan
- Click on ‘CHECK ELIGIBILITY’ on this page.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- 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.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will call you for the next steps. The loan amount will be transferred to your bank account after successful verification of your documents.
Key offerings: 3 loan types
Calculate your EMI
Frequently asked questions
Overview
Application
Repayment
Eligibility
Fees and charges
A personal loan is a type of credit facility that you can avail of to pay your financial obligations without providing any kind of security or collateral. These online loans are provided without end-use restrictions; thus, they can be used for a variety of purposes. Whether it's a medical emergency, a home renovation, or a wedding, a personal loan can be an excellent way to manage your expenses. You can get a personal loan of up to Rs. 55 lakh with minimal documentation and an easy loan application process.
You can take a Bajaj Finserv Personal Loan for several scenarios such as:
- Personal loan for higher education
- Personal loan for medical emergency
- Personal loan for wedding
- Personal loan for home expenses
Our instant personal loan comes with no end-use restrictions, allowing you to meet a wide variety of expenses comfortably. Getting an emergency loan online can help you manage difficult situations without worrying about finances.
Here are some reasons to choose the Bajaj Finserv Personal Loan:
- Loan amount of up to Rs. 55 lakh
- Flexible tenures of up to 96 months
- Money in your account within 24 hours* of approval
- No guarantor or collateral needed
- No hidden charges
*Terms and conditions apply.
To choose the best personal loan in India, compare interest rates, processing fees, and tenure across multiple lenders. Assess your credit score and eligibility. Consider hidden charges, repayment flexibility, and customer reviews. There are many personal loan finance companies, but you should opt for a reputable lender with favourable terms and transparent policies that align with your financial needs and capabilities.
With Bajaj Finance Limited, you can expect instant approval on your personal loan application. You can also check if you have a pre-approved offer. It takes just 2 steps.
You can use our personal loan EMI calculator to compute the monthly instalment and tenure that suits your budget. You only need to enter the amount you need to borrow, the interest rate, and the tenure to get an estimate of the EMI. If you are considering different types of loans, you can also use our generic EMI calculator to get estimated EMIs.
You can repay your personal loan in the form of EMIs (equated monthly instalments). Here, a fixed amount is automatically deducted from your bank account every month. You can set up a NACH mandate with your bank to pay the EMIs.
You can borrow up to Rs. 55 lakh Inclusive of insurance premium, VAS charges, Flexi facility charges, and processing fees without pledging any collateral. Check your eligibility for our personal loan with just your mobile number and OTP.
To get a quick personal loan, you only need to meet a few basic personal loan eligibility criteria:
- You must be between 21 years and 80 years* of age
- You must be a salaried individual employed with an MNC, public or private company
- You must be a residing citizen of India
- If you meet the salary requirement based on your city of residence, you can qualify for the loan.
You should be 80 years* or younger, at the end of the loan tenure
You will be asked to submit the following documents to get a personal loan from Bajaj Finserv:
- 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
Here is why you should choose a Bajaj Finserv Personal Loan
*Terms and conditions apply
The ideal credit score to get instant paperless approval for the best personal loan in India differs from lender to lender. A CIBIL Score of 685 and above is required to get a Bajaj Finance Personal Loan.
Since our personal loan is unsecured, it is a loan without security. You do not have to pledge collateral such as property or gold to get our personal loan.
Lenders provide an interest rate when you opt for a personal loan. The personal loan interest rate depends on several factors including CIBIL Score, income, debt-to-income ratio, employment stability etc. Once you know the interest rate, you can use the interest calculator to know your EMI outflow.
*Terms and conditions apply.
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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*.