How to get a personal loan in 5 easy steps?

Step 1: Learn all you can about the personal loan before you apply

• Loan Features – Explore Bajaj Finserv personal loan offerings, including eligibility criteria and benefits.
• Loan Terms – Check details like the maximum loan amount, repayment tenor, interest rates, and processing fees

Step 2: Check your loan eligibility and estimate your EMIs

Before applying for a personal loan, it is essential to assess your eligibility and plan your repayment. This helps in securing a loan that aligns with your financial capacity.

• Eligibility check – Use the personal loan eligibility calculator by entering basic details to determine the loan amount you qualify for.
• EMI calculation – Once eligible, estimate your monthly repayments using a personal loan EMI calculator to plan your budget effectively.

Step 3: Apply online for the funds you need

1. Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
6. Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
7. Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents

Step 4: Submit required documents

Submitting the necessary documents is a crucial step in the personal loan application process. Check the complete list of documents required for a personal loan to ensure a hassle-free application.

• KYC documents: Aadhaar/ 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

Step 5: Get approval for personal loan

Once you meet the eligibility criteria, you can receive instant approval for your loan within minutes. The quick and hassle-free process ensures timely access to funds.

• Instant approval – Eligible applicants get approval within just 5 minutes.
• Loan confirmation – After selecting loan details, a representative will guide you through the next steps.
• Quick disbursal – The approved loan amount is credited to your bank account within 24 hours*.

Apply for a personal loan and experience a seamless borrowing process.

Additional Read: Know everything about the loan

How to get an instant personal loan from Bajaj Finance

Applying for a personal loan from Bajaj Finance is a quick and hassle-free process. Follow these simple steps to get instant approval and fast disbursal.

• Check eligibility – Use the online calculator to determine the loan amount you qualify for.

• Select loan details – Choose the desired loan amount and repayment tenor as per your financial needs.

• Submit documents – Provide the necessary documents required for a personal loan for verification.

• Get approval – Receive instant approval within minutes if eligible.

• Loan disbursal – The approved amount is transferred to your bank account within 24 hours*.

Conclusion

Applying for a personal loan from Bajaj Finance is a simple and efficient process, ensuring quick access to funds when needed. By understanding loan eligibility, submitting the required documents, and selecting suitable repayment terms, borrowers can secure a loan that aligns with their financial goals. Additionally, checking the personal loan interest rate beforehand helps in planning repayments effectively. With instant approvals and fast disbursals, Bajaj Finance makes borrowing hassle-free, offering a seamless experience for individuals looking to manage their financial needs efficiently.

*Conditions apply