Instant personal loan in Delhi

Delhi, the heart of the National Capital Region (NCR), is a thriving hub of economic and cultural activity. As the second wealthiest city in India, it hosts industries like telecommunications, tourism, media, and real estate. For residents needing financial assistance, obtaining the best personal loan in Delhi can be a smart solution. Bajaj Finserv offers personal loans of up to Rs. 55 lakh with competitive interest rates, no guarantor requirements, and flexible features like Flexi loans. These loans are perfect for emergencies or investments, ensuring quick and efficient access to funds.

Features and benefits of personal loan in Delhi

  • Minimum documents

    Minimum documents

    Enjoy a hassle-free documentation process with minimum paperwork from Bajaj Finserv - the leading finance company in Delhi.

  • Flexi loans

    Flexi loans

    Withdraw from pre-sanctioned funds and repay conveniently with the Flexi loan facility.

  • Get up to Rs. 55 lakh

    Get up to Rs. 55 lakh

    You can get a loan of up to Rs. 55 lakh and enjoy unrestricted use.

  • Online account management

    Online account management

    Stay updated with repayment schedules, EMIs, outstanding balance, etc., via our customer portal - My Account. It’s accessible 24x7.

  • Tenor options

    Tenor options

    Tenors of up to 96 months months ease your repayment hassle. Calculate monthly outflows with Bajaj Finserv’s online EMI Calculator.

  • No hidden rates

    No hidden rates

    Ensure affordability with zero hidden rates from Bajaj Finance Limited, one of the best loan providers in Delhi. To know more, read our terms and conditions.

  • Fund within 24 hours*

    Fund within 24 hours*

    Address your financing needs quickly and easily. The loan amount is credited to your account within 24 hours*.

  • Instant approval

    Instant approval

    Get instant loan in Delhi. No more waiting for hours or days. Cater to your emergencies with instant personal loan.

Documents required for personal loan in Delhi

Applying for a personal loan in Delhi NCR requires specific documents to verify your identity, income, and repayment capacity. Having these documents ready can help speed up the approval process. Below is a list of essential documents needed for loan 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

For a complete list, check the personal loan eligibility documents.

Eligibility criteria for instant personal loan in Delhi

Qualifying for unsecured credit has never been easier, thanks to the simple personal loan eligibility criteria from Bajaj Finserv. Submit essential documents such as your employee ID card, KYC documents, bank account statements, salary slips, and a passport-sized photograph to get started. Bajaj Finserv, a trusted loan provider in Delhi, offers personal loans of up Rs. 55 lakh at competitive rates. Features like Flexi loans allow multiple withdrawals from a pre-sanctioned amount, with interest charged only on the utilised funds. Enjoy the most flexible terms and conditions while meeting your financial needs efficiently.

  • Nationality – Must be an Indian resident.
  • Employment – Should be a salaried employee at a reputed MNC, private, or public limited company.
  • Credit score – A score above 685 or higher improves loan approval chances.
  • Age – Applicants must be between 21 years to 80 years*.
  • Income – Minimum monthly income varies by lender. Refer to our eligibility page for other details.

Current Interest Rate on Personal Loans

Check the online interest calculator to find accurate repayment details based on the latest personal loan interest rate. It helps you plan better and choose the best loan option.

Type of fee

Applicable charges

Rate of interest

10% to 31% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Facility Charge

Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the above Flexi facility charges are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Bounce charges

Rs. 700 - Rs. 1,200 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Pre-payment charges

Full Prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment.

Part-prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.

*Foreclosure will be processed post clearance of first EMI

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken period interest / Pre-monthly Instalment interest

Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:

EMI Date : 2nd
Scenario 1: If Loan is disbursed on 1st or post 10th of the month:

For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement
For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment

Scenario 2: If Loan is disbursed between 3rd and 10th of the month:
First instalment will consist of interest for actual number of days
Principal Holiday Facility Fees
  • Up to Rs.1999/- for loan amount less than Rs.2,00,000
  • Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
  • Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
  • Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
  • Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
  • Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
  • Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
  • Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
  • Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

*(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

How to apply for a personal loan in Dehli?

A step-by-step guide to applying for a personal loan in Delhi:

  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.

Frequently asked questions

Why is Bajaj Finserv one of the best NBFCs and personal loan providers in Delhi?

Bajaj Finserv is one of the best personal loan providers in Delhi NCR. For residents of NCR, Bajaj Finserv can be a good choice as it offers the following:

  • A complete online application process
  • Collateral-free personal loans
  • 100% transparent terms and conditions
  • Repayment over tenors ranging from 12 months to 96 months
  • High loan value of up to Rs. 55 lakh
  • Minimal documentation
  • Instant approval and quick credit to account
  • Online account management facility
  • Flexi loans, reducing EMIs by up to 45%*
Which documents are essential for a loan application?

The essential documents are your employee ID card, salary slips, account statements, KYC documents, and a photograph. However, you may have to submit additional papers during the process, if required.

What is the online application process for personal loan in Delhi NCR?

Irrespective of your location in Delhi-NCR, you can easily apply for a Bajaj Finserv Personal Loan online by following these steps:

  • Fill up the application form accurately
  • Submit essential documents
  • Get approval and money in your account within hours
How much loan can I take?

To know the highest loan amount you are qualified to avail of, use the online Bajaj Finserv Eligibility Calculator.

How can I calculate my loan EMIs?

You can calculate your loan EMIs using an EMI Calculator, which helps estimate monthly repayments based on loan amount, tenure, and interest rate.

Can I get a personal loan in Delhi NCR without collateral?

Yes, you can get an unsecured personal loan in Delhi NCR without collateral. Lenders assess your income, credit score, and repayment capacity before approval.

Can I get a personal loan in Delhi NCR with a low credit score?

A low credit score may reduce approval chances, but some lenders offer personal loans at higher interest rates. Improving your score can increase eligibility.

Can self-employed individuals apply for a personal loan in Delhi NCR?

Yes, self-employed individuals can apply. Lenders evaluate income stability, business performance, and creditworthiness before approving the loan.

Is there a penalty for prepayment or foreclosure of a personal loan in Delhi NCR?

Many lenders charge a prepayment or foreclosure fee. Check your loan terms to understand the applicable charges before making an early repayment.

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