- Trusted by 3 lakh+ customers
With Bajaj Finance, you can apply online for an instant personal loan ranging from Rs. 40,000 to Rs. 55 lakh, with minimal documentation and simple eligibility criteria requiring a CIBIL Score of 650 or higher. Choose from our unique variants of personal loan and repay it comfortably over the longer tenures ranging from 12 months to 96 months.
- No collateral and no hidden charges
- Online application and disbursement in 24 hours*
- Attractive interest rates starting @ 10% p.a.*
- Quick approval.
Personal Loan
Calculate your Personal loan EMI
Plan your EMI outflow with ease. Use our personal loan EMI calculator to calculate your personal loan EMI and interest payable.
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Please fill in your details carefully so we can process your loan request smoothly.
Repayment Schedule
| Month | EMI | Interest | Principal | Balance |
|---|
- 3 unique variants Pick the loan variant that suits you best: Term loan, Flexi Term (Dropline) Loan, and Flexi Hybrid Term Loan.
- No part-prepayment charge on Flexi Loans Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want. Read about Flexi Loans
- High loan amount Manage your small or large expenses with loans ranging from Rs. 40,000 to Rs. 55 lakh.
- Quick approval Complete your entire application online from the comfort of your home or wherever you are and get an instant personal loan with fast approval.
- Money in your account in 24 hours* Your bank account will be credited with your loan amount within a short time of your application, allowing you to manage expenses comfortably.
- No hidden charges All the personal loan interest rate and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying.
- No guarantor or collateral neededYou do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.
Personal loan eligibility and documentation
Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria of our online personal loan, you will need a set of personal loan documents to complete your application process. With the Bajaj Finserv Personal Loan, you can get instant approval of amount ranging from Rs. 40,000 to Rs. 55 lakh. Meet the easy personal loan eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.
Personal Loan Eligibility criteria
Nationality | Indian |
Age | 21 years to 80 years. |
Employed with | Public, private, or MNC. |
CIBIL Score | 650 or higher. |
Customer profile | Self-employed or Salaried |
Documents required for a Personal Loan
- 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
- Phone bill
- Real-time image / photograph
*You should be 80 years or younger, at the end of the loan tenure.
*How to apply for a personal loan online?
How to apply for a Personal Loan
Follow the below steps to apply for our personal loan
- Click on ‘APPLY’ at the top of this page
- You will be asked to enter your phone number and an OTP to verify it
- Fill in the application form with your basic loan details
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our personal loan variants.
- 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.
You will be assisted on the next steps by our representative.
Personal loan interest rate and applicable charges
| Type of fee | Applicable charges |
| Rate of interest per annum | 10% to 30% p.a. |
| Processing fees | Up to 3.93% of the loan amount (inclusive of applicable taxes). |
| Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) Will be deducted upfront from loan amount. |
| Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
| Pre-payment charges | Full Pre-payment: Part-prepayment • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment. • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan. |
| Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum 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 (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Term Loan: Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit during Subsequent Tenure |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
Compare loan variants
Compare Personal Loan variants