Bajaj Finance offers a personal loan with instant pre-approved offers of up to ₹55 lakh for both salaried and self-employed individuals. With interest rates starting at 10% per annum and flexible tenures up to 96 months, this loan is designed for maximum convenience. No collateral or guarantor is needed, making it ideal for a wide range of financial needs. Approval is quick and the process is entirely online, with funds typically disbursed in just 24 hours of approval.*

How to Apply: Step-by-Step Process

To apply, visit the Bajaj Finance website and look for the personal loan section. Provide your phone number and verify it using an OTP. Fill out the application form with essential details such as amount and tenure required. Choose your loan variant and preferred repayment period, then complete online KYC documentation. Submit the completed application. Upon successful verification, the sanctioned loan amount is credited directly to your bank account, often in as little as 24 hours.*

Pros of Bajaj Finance Personal Loan

One of the key advantages is the instant online approval—applicants can know their eligibility and receive approval within just five minutes. With a broad eligible age range (21 to 80 years) and minimal documentation, the application process is simple. Another benefit is that no collateral or guarantor is required, making approval accessible for a wider audience. Transparent fee structure ensures there are no hidden charges for peace of mind.

Desventajas a considerar

A potential downside is the processing fee, which can go up to 3.93% of the loan amount. Interest rates, while competitive, can reach 31% p.a. depending on applicant profile. Notably, a minimum CIBIL score of 650 is mandatory, which could restrict eligibility for some applicants. High penal charges may apply in case of delayed payments, so timely repayment is crucial.

Veredicto final

As an independent reviewer, I find the Bajaj Finance Personal Loan offer highly competitive for eligible applicants needing fast funds without collateral. Its flexible tenure, instant approval, and clear terms make it an appealing option, especially for those seeking quick access to high-value loans in India.