Personal loans are the best option for the individuals looking for immediate funds. These loans offer financial flexibility by providing lump-sum amounts for various purposes. The unsecured personal loan typically has fixed interest rates and fixed repayment terms. Lenders assess eligibility based on factors like credit score, employment history, income, and more. The borrowed amount can be used for diverse needs, such as medical emergencies, education or any major expenses.
How to get Rs. 5 lakh immediately
To quickly secure a Rs. 5 lakh fund, you can apply for a personal loan from Bajaj Finance Limited, meet the simple eligibility criteria, gather necessary documents (ID, address proof, income details), and fill out the application on the website or mobile app. Ensure accurate information for swift approval. Bajaj Finance Personal Loans are known for the efficient and prompt disbursal process.
What are the features and benefits of a Rs. 5 lakh loan?
Read on to know the features of a Bajaj Finance Personal Loan:
- Paperless process: Bajaj Finance Limited offers a fully digital application process for a Rs. 5 lakh loan.
- Instant disbursal: Enjoy quick access to funds with an efficient loan disbursal system.
- Flexible EMI options: Borrowers can tailor their repayment schedules by choosing the tenure that fits with their financial capabilities.
- No collateral required: Bajaj Finance Personal Loan is unsecured, eliminating the need for collateral or asset pledging.
- Minimal documentation: Our personal loans come with a streamlined application process with minimal paperwork, ensuring a hassle-free experience.
How to apply for a Rs. 5 lakh personal loan?
You can apply for a Bajaj Finance Personal Loan by following these simple steps:
- Visit the personal loan page and click on ‘APPLY’
- Enter your 10-digit mobile number and OTP.
- Fill in the application form with your basic details.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
What are the personal loan eligibility criteria?
The eligibility criteria for a personal loan differ from lender to lender. You can qualify for a Bajaj Finance Personal Loan once you meet the five simple eligibility criteria mentioned below:
- 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.
Bajaj Finance Limited offers a seamless experience with instant disbursal, ensuring quick access to funds. You can enjoy flexibility with customisable EMI options, coupled with attractive personal loan interest rates to suit varying financial needs. Borrowers can get a personal loan of up to Rs. 55 lakh, which can be utilised for a range of expenses like health care, wedding costs, educational expenses, and house improvements. Avail of funds with minimal documentation and get the funds that you need within 24 hours* of approval. Apply right away and get the best deal on our personal loan.
Apply for our Personal Loan
