Personal Loan

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 

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.

You can borrow up to Rs. 55 lakh Inclusive of insurance premium, VAS charges, Flexi facility charges, and processing fees without pledging any collateral.

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.

With Bajaj Finance Limited, you can expect instant approval on your personal loan application.

Apply for a personal loan

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.

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.

With a Bajaj Finance Personal loan, you get the benefit of instant approval and quick disbursal. All you need to do is apply for a quick loan online by filling out the application form with your basic details. The personal loan amount will be approved once you meet the required eligibility criteria.

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.
 

Processing fees are charges that are usually levied on the total loan amount sanctioned. Bajaj Finance Ltd charges up to 3.93% of the loan amount (inclusive of applicable taxes).

For instance, Rohit has taken a Personal Loan amount of ₹1,00,000 with a processing fee of 3.93% (₹3930). The total amount shown during the application will be Rs. 1,03,930 and the final disbursed amount: Rs. 1,03,930 – Rs. 3,930 = Rs. 1,00,000. The processing fee is added to the loan amount upon application and deducted at the time of disbursal.



Note:
This is an estimate; the processing fees may vary depending on the product.



Additional read: What are processing fees and charges on personal loan

A personal loan is one of the easiest online credit options available. You can avail of a Bajaj Finserv Personal Loan of up to Rs. 55 lakh if you meet the eligibility criteria mentioned below:

• Nationality: India
• Age: 21 years to 80 years*.
• Employed with: Public, private, or MNC.
• CIBIL score: 685 or higher.

*You should be 80 years* or younger, at the end of the loan tenure.
You can also check your pre-approved loan offer and get funds instantly.

If you are looking for a best personal loan in India, there are numerous ways to get instant personal loan. Bajaj Finance Limited offers personal loans with features such as minimal documentation, Flexi variants and quick disbursal. Here is how to get a loan online:

• 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 and ‘PROCEED’
• Enter the loan amount and tenure that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
• Complete your KYC and submit your application.

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.

While the personal loan eligibility calculator provides an estimate of your loan eligibility based on your income, credit score, and other factors, approval is subject to the lender's discretion and additional criteria such as employment status and existing debts.

A Flexi day-wise interest calculator helps borrowers understand the interest accrual and repayment dynamics of Flexi Loan products, enabling them to manage their finances efficiently and optimise interest costs.

Getting instant loan without documents online may only be possible in case you have a pre-approved offer from the lender. You need to meet the requirements to get a loan without documents based on your existing relationship with the lender.

Yes, stamp duty on personal loan agreement is applicable as follows:

Stamp duty (as per respective state): Payable as per state laws and deducted upfront from loan amount.

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.

A personal loan balance transfer involves transferring your existing personal loan to another lender offering lower interest rates or better terms, reducing your overall interest burden and monthly EMI. This helps in saving money and improving loan manageability.