Features of unsecured loans

  • Instant approval, disbursal in 24 hours*

    Instant approval, disbursal in 24 hours*

    With a quick approval process, your personal loan gets credited to your bank account in just a day* after approval.

  • Flexible repayment plans

    Flexible repayment plans

    Get the option to repay your personal loan over a tenor of up to 96 months.

  • Large loan amounts

    Large loan amounts

    Get a personal loan of up to Rs. 40 lakh and manage your expenses with ease.

  • Lower EMIs with Flexi

    Lower EMIs with Flexi

    You have the option to pay interest-only EMIs for the initial part of the tenure, giving you the chance to reduce your instalments. Use a personal loan EMI calculator to estimate your EMIs beforehand.

  • Online account

    Online account

    Keep yourself updated with all your loan details on our customer portal – Bajaj Finserv My Account

  • Pre-approved offers

    Pre-approved offers

    As an existing customer of Bajaj Finserv, you can enter your basic details on our website and check the offers you are eligible for.

An unsecured loan is a loan offering that doesn’t need any security or collateral. Lenders offering unsecured loans depend on the applicant’s credit score and other eligibility parameters to determine their creditworthiness.

You can choose to avail of an unsecured personal loan from Bajaj Finserv and use the funds to manage your small and big expenses. Borrow up to Rs. 40 lakh and repay the loan amount over convenient tenors of up to 96 months. And with the Flexi facility, you can lower your EMIs by up to 45%* for the initial part of your repayment tenor and make your instalments more manageable.

*Terms and Conditions apply

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How to apply for an unsecured loan

Applying for an unsecured loan online is quite simple. Begin by following these simple steps; you may start your application now and resume it at a later instance.

  1. 1 Click on ‘Apply Online’ to open our easy application form
  2. 2 Enter your 10-digit mobile number, and the OTP sent to you
  3. 3 Share your basic information
  4. 4 Check the loan amount you are eligible for and select the amount you wish to borrow

Our representative will call and guide you on the next steps.

Existing Bajaj Finserv customers can avail of unsecured loans without applying for a personal loan. If you have availed of a product from Bajaj Finserv before, you can check your pre-approved offer and get the money you need.

Loan applicants new to Bajaj Finserv can apply for an online personal loan by filling up a simple application form. If you are looking to avail of an unsecured loan, please click on ‘Apply Online’ to begin.

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Frequently asked questions

What is an unsecured personal loan?

An unsecured personal loan is a type of loan that doesn't require collateral, such as a house or car. Lenders approve these loans based on the borrower's creditworthiness, income, and financial history. Because they lack collateral, unsecured loans often have higher interest rates than secured loans, like mortgages or auto loans.

What can I use my unsecured loan for?

Your unsecured loan can serve a variety of needs. You can use the loan amount to meet the expenses for almost anything. From a home renovation project to consolidating your debt, managing a medical emergency, to wedding expenses, you can use your loan amount for almost any planned or unplanned expense.

How soon can I get an unsecured loan?

If you have a good credit score and all your documents are in order, you can expect the unsecured loan to be credited to your bank account within 24 hours*.

*Terms and conditions apply

Can I pay off my loan amount early?

Yes, you can prepay your personal loan by paying a marginal fee. You can read about personal loan interest rates.

Will checking my rate affect my credit score?

No, checking your pre-approved offer or loan eligibility will not affect your credit score.

What if I don’t know my credit score?

Your credit score is one of the most critical elements when it comes to your personal loan approval. Bajaj Finserv offers a free CIBIL score check to help you ascertain your credit score. Click here to get started.

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