Personal loan in Bhopal
Bhopal is the capital city of Madhya Pradesh, and is well-known for its thriving education sector with some of the best research centres located here, like ISRO, BHEL, and AMPRI. Housing the administrative headquarters of its namesake district, Bhopal is also known as the City of Lakes. It is also one of the greenest Indian cities, with medical, chemical, electrical goods, medicinal, and jewellery sectors comprising its major industrial bases.
Bajaj Finserv brings collateral-free financing to residents as a personal loan in Bhopal. Assess your repayment capacity with the Bajaj Finserv Personal Loan EMI Calculator before you apply. Residents can apply for a loan in Bhopal of up to Rs. 55 lakh online or via the Bajaj Finserv branches located here.
Features of personal loan in Bhopal
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High-value loan
Check affordability with the Personal Loan EMI calculator and get financing up to Rs. 55 lakh.
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Instant approvals
Get finance quickly with your online loan application approved instantly.
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Receive money in 24 hours*
Once approved, the personal loan amount is sent to your account within one working day*.
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Flexible loan tenor
Choose a suitable repayment tenor of up to 96 months to settle your EMIs easily.
*Conditions apply
Eligibility criteria for instant personal loan in Bhopal
With minimal personal loan eligibility criteria, paperwork is also simplified, enabling quick financing. Use the Bajaj Finserv Personal Loan Eligibility Calculator to know how much loan you can get, before applying.
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CIBIL score
More than 685
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Age
Between 21 years to 80 years*
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Nationality
Residing Indian
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Employment
Salaried individual working with an MNC or a private/ public limited company
Check your personalised loan offer with your essential details like name and phone number for simplified financing.
Documents required to get a personal loan in Bhopal
To apply for a personal loan in Bhopal, you'll need to submit a few essential 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
Know more about the personal loan documents requirement. Having these documents ready ensures a smooth application process and faster approval.
Interest rates and charges for personal loan in Bhopal
With reasonable rates of interest and other nominal charges, Bajaj Finserv keeps personal financing affordable. Check personal loan interest rates here before applying.
Uses of personal loans in Bhopal
A personal loan in Bhopal can be used for various kinds of expenses:
- You can take a personal loan for travel to manage your travel expenses without dipping into your savings.
- A personal loan for wedding provides the flexibility to fund all your wedding expenses comfortably.
- A personal loan for higher education can help in managing all the expenses not included in an education loan.
- A personal loan for medical emergency can provide quick funds to cover urgent expenses.
- For home renovations and repairs, a personal loan for home expenses is an ideal option.
How to apply for a personal loan in Bhopal?
You can apply for a personal loan in Bhopal in just a few easy steps:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- 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 and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will guide you on the next steps. The personal loan amount will be transferred to your bank account on the successful verification of your documents
Our Personal Loan branches in Bhopal
Frequently asked questions
You need a CIBIL Score of 685 or higher to apply for a Bajaj Finserv Personal Loan.
The salary requirement for a personal loan in Bhopal will differ from lender to lender. Additionally, personal loan application approval depends upon several other factors as well, such as credit history, CIBIL Score, and so on.
The minimum income requirement for a personal loan in Bhopal will differ from lender to lender.
Lenders typically require a set of documents to verify your identity, address, income, and so on.
The interest rates for a Bajaj Finserv Personal Loan range from 10% to 31% p.a.
You can calculate your EMI using an EMI calculator and entering the loan amount, tenure, and interest rate.
