Which finance is best for personal loan

Find your perfect personal loan with a comparison of finance options, including banks, online lenders, and NBFCs, tailored to your needs.
Personal loan
5 min read
31 January 2024

Personal loans emerge as an appealing option for those looking to bridge the gap between financial needs and available resources. These loans provide the flexibility to address diverse needs.

You can apply for a personal loan through numerous lending institutions, opening a myriad of possibilities for individuals seeking financial assistance. The array of options, ranging from traditional banks to online lenders, can become overwhelming. However, amidst these choices, Non-Banking Financial Companies (NBFCs) have emerged as an accessible option.

Various NBFCs in India provide low-interest personal loans with minimal documentation requirements. One such NBFC is Bajaj Finance Limited, which provides personal loans with quick approval and minimal documentation requirements.

Here are some of the main features of applying for a Bajaj Finance Personal Loan:

  1. High loan amount
    Our personal loans can provide financing of up to Rs. 40 lakh. These funds can be used for a variety of objectives, including personal loan for home renovation, personal loan for higher education, and more.
  2. Flexible tenures
    One of the benefits of personal loans is that they can be repaid over tenures of up to 96 months. You can select a tenure that suits your budget and requirements.
  3. Quick disbursal
    We deposit the loan amount within 24 hours* of approval. This swift access to funds makes these loans ideal in times of need.

Eligibility criteria for a Bajaj Finance Personal Loan

The following eligibility criteria determine whether you are eligible for a personal loan. Anyone can apply for our personal loan online, provided they fulfil the following basic requirements:

  • Nationality: India
  • Age: 21 years to 80 years*
  • Employed with: Public, private, or MNC
  • CIBIL Score: 685 or higher.
  • Monthly salary: Starting Rs. 25,001, based on the city you live in

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

How to apply for a Bajaj Finance Personal Loan?

You can apply for our personal loan by carrying out the following steps:

  • Check out the personal loan page on our website.
  • Click 'APPLY' to access the online application form.
  • Enter your 10-digit phone number and validate the OTP that was sent to it.
  • Complete the application form with your KYC, and basic information such as your full name, PAN, date of birth, and PIN code.

Visit our website to apply for a personal loan.

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply