Instant Personal Loan Online

You can now avail personal loan completely online. Be it a trip to your dream destination, renovating your home with modern furnishings, your dream wedding plan or even a medical emergency, a Personal Loan will always help you fulfil your requirements. When you apply for a Personal Loan online on Bajaj Markets, we connect you with the best lending partners in India. So, choose from our list of Personal Loan partners basis your need and convenience and make the most of it.

Avail a Loan of up to Rs. 50 Lakhs
Affordable rate of interest starts from 11%
Processing fees Up to 3.93% of the loan amount

Eligibility Criteria :

Following are the criteria that you must fulfill in order to apply for a Personal Loan :

You must be an Indian citizen.
You must be a salaried individual.
You must be between 25-58 years of age.

Personal Loan Application Process

Applying for a Personal Loan online on Bajaj Markets is simple and convenient too:

Step 1 :

Check Eligibility: Know your loan eligibility by sharing your income and contact details.
Step 2 :

Customize your Loan: Construct your Loan Package and don’t forget to include our unique Markets Loan Shield to protect your loan liability.
Step 3 :

Get Verified & Setup the Repayment: Verify your details & setup automatic repayments with our secured online process.
Step 4 :

Money in Account: Loan will be disbursed to your account in less than 24 hours.

Personal Loan Verification Process

Here are the main steps involved in the Personal Loan verification process:

Step 1 :

Your online application will be processed, once you submit the same on Bajaj Markets website/App.
Step 2 :

Post the complete processing of your online application, you must schedule a meeting, wherein the executive will verify the application details and collect your necessary documents, required for further processes.
Step 3 :

Once the documents have been collected and successfully verified, the Personal Loan application will be approved and your loan will be disbursed in no time.

Minimum annualized percentage rate is 13% and maximum annualized percentage rate is 26% with a flexible repayment period of 12 to 60 months. Also full repayment in 30 days or less is not allowed.

Consider a salaried customer avails a Personal Loan of ₹1 Lakh at an interest rate of 14%. The lenders also charge a processing fee, that needs to be paid to get the loan processed and is usually 0-4% of the loan amount. Consider the processing fee to be ₹2250 for a tenure of 60 months. Then, the total interest payable is ₹39,609 and total amount payable is ₹1,41,859. The EMI will be ₹2,326 per month.

Comparison

Partner Name

Key Feature

Key Feature Description
Bajaj Finance Limited

Interest Rate

11% p.a onwards
Bajaj Finance Limited

Associated Charges

Processing Fees : Upto 3.93%
Foreclosure Charges :
Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment
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 on the date of full prepayment.
Bajaj Finance Limited

Repayment tenure

12-96 months
Bajaj Finance Limited

Eligibility Criteria
1. He must be a salaried individual.
2. The applicant must be an Indian resident.
3. The applicant’s age must be between 25 and 58 years.
Bajaj Finance Limited

Basic Documents Required
1. Bank Statement of last 3 months
2. Identity Proof : PAN/Voter ID
3. Address Proof : Aadhaar Card/Driving License/Passport
Bajaj Finance Limited

Disbursal Time

24 hours
SMFG India Credit

Interest Rate

11.99% p.a onwards
SMFG India Credit

Associated Charges

Processing Fees : Between 0% - 6% of the loan amount

Foreclosure Charges : 0-7% of the outstanding loan amount
SMFG India Credit

Repayment tenure

12-60 months
SMFG India Credit

Eligibility Criteria
1. The applicant must be a resident of India.
2. The applicant’s age must be between 21 and 60 years.
3. He must be a salaried individual working in a private limited company or public sector enterprise, or be self-employed.
SMFG India Credit

Basic Documents Required
1. Bank Statement of last 3 months for salaried individuals and Income proof for self-employed individuals.
2. Identity Proof : PAN/Voter ID
3. Address Proof : Aadhaar Card/Driving License/Passport
SMFG India Credit

Disbursal Time

30 minutes
PaySense

Interest Rate

1.33% - 2.17% per month
PaySense

Associated Charges

Processing Fees: 2% of the loan amount + GST or ₹500 + GST (depends on whichever is higher). Foreclosure charges: 4% of outstanding loan amount + GST (Foreclosure allowed only after 6 EMI Payments).
PaySense

Repayment tenure

3 months – 60 months
PaySense

Eligibility Criteria
1. The applicant must be an Indian citizen.
2. The age of the applicant must be between 21 and 60 years.
3. The minimum net monthly income of the applicant must be ₹20,001 if residing in Tier -1 city and ₹18,001 if residing in Tier-2 city.
PaySense

Basic Documents Required
1. Identity Proof: PAN Card.
2. Permanent Address Proof: Aadhaar Card/Voter ID/Passport.
3. Current Address Proof: Aadhaar Card/ Voter ID/ Passport /Rent Agreement/ Electricity Bill/ Water Bill/ Landline Bill / Bank Statement/Passbook/ Gas Pipeline receipt.
4. Bank Statement of last 3 months.
PaySense

Disbursal Time

48 hours
Muthoot Finance

Interest Rate

13.75% p.a onwards
Muthoot Finance

Associated Charges

Processing Fees : 2% - 4% of the loan amount sanctioned
Muthoot Finance

Repayment tenure

12-60 months
Muthoot Finance

Eligibility Criteria
1. The applicant must be a salaried employee working in Public Sector Unit or any reputed organisation.
2. The age of the applicant must be between 23 and 60 years.
3. If residing in a metro city, the minimum net monthly income of the applicant must be between Rs. 20,000 – Rs. 30,000 per month (subject to the employer).
4. If residing in a non-metro city, the minimum net monthly income of the applicant must be between Rs. 15,000 – Rs. 25,000 per month (subject to the employer).
Muthoot Finance

Basic Documents Required
1. PAN Card (Mandatory)
2. Completely filled out loan application form
3. Passport Size Photographs
4. Identity Proof: A copy of Passport/ Voter ID/ Aadhaar / Driving License
5. Address Proof: A copy of Aadhaar Card/ Property purchase Agreement/ Registered Lease Agreement/ Utility Bill (not more than 3 months old)/ Driving License/ Passport
6. Proof of Income: Bank Account Statement/ Salary Certificate/ Salary Slip/ Form 16
7. Employment Proof: Letter on company letter head confirming the employment period of applicant
Muthoot Finance

Disbursal Time

5 working days
CASHe

Interest Rate

2.75% per month
CASHe

Associated Charges

Processing Fee :

Flat Rs.500 for loan amount between 0 to 33333 and 1.50% on the loan amount when loan amount is greater than 33333 (if the loan tenure is 3 months).

Flat Rs.1200 or 2% on the loan amount whichever is higher (if the loan tenure is 6 months, 9 months or 12 months).

Flat Rs.1000 or 3% of the principle amount whichever is higher (if the loan tenure is 18 months).
CASHe

Repayment tenure

90 days - 18 months
CASHe

Eligibility Criteria
1. The applicant must be a resident of India.
2. The age of the applicant must be between 21 and 39 years.
3. The applicant must be a salaried individual with a minimum net monthly salary of Rs. 20,000.
4. The company, the applicant works in, must be MCA (Ministry of Corporate Affairs) registered.
5. The applicant must be a smartphone user.
CASHe

Basic Documents Required
1. PAN Card
2. Latest Bank Statement of your Salary Account
3. Aadhaar Card
4. Permanent/Temporary Address Proof
5. Selfie as a photo proof
CASHe

Disbursal Time

Within a few hours (subject to eligibility and documentation)
Fibe

Interest Rate

2.5% per month
Fibe

Associated Charges

Processing Fee :

Starting from Rs.399 + Rs.100 stamp duty
Fibe

Repayment Tenure

3 months - 24 months
Fibe

Eligibility Criteria
1. The applicant must be a resident of India.
2. The age of the applicant must be between 21 and 55 years.
3. The applicant must be a salaried individual with a minimum net monthly salary of Rs. 18,000, if living in a Tier 1 City and Rs. 15,000, if living in Tier 2 city.
Fibe

Basic Documents Required
1. ID proof: PAN Card
2. Income proof: Bank Statement of 3 months and latest salary slip (last 3 months)
3. Address proof: Aadhaar card, Driving license, Voter ID, Passport, Bank passbook
Fibe

Disbursal Time

10 mins
Yes Bank

Interest Rate

Starting from 10.70%
Yes Bank

Associated Charges
Processing Fee :

Starting from FLAT Rs. 1499/- to 2.50% of loan amount

Foreclosure Charges :

Foreclosure is allowed post the repayment of 12 EMIs
1. 13 – 24 months - 4% of Principal Outstanding
2. 25 – 36 months - 3% of Principal Outstanding
3. 37 – 48 months - 2% of Principal Outstanding
4. > 48 Months – Nil
Part Payment Charges :

Part payment is allowed post the repayment of 12 EMIs.
1. 13 – 24 months - 20% of Principal Outstanding
2. 25 – 36 Months - 20% of Principal Outstanding
3. 37 – 48 Months - 25% of Principal Outstanding
4. 49 – 60 Months - 25% of Principal Outstanding
2% plus applicable taxes are also charged on the part payment amount paid.
Yes Bank

Repayment Tenure

12-72 months
Yes Bank

Eligibility Criteria
1. The age of the applicant must be between 22 and 60 years.
2. The applicant must be a salaried individual working in Public /Private/Limited/Govt. companies.
3. The applicant must earn a minimum net monthly salary of Rs. 20,000, if residing in a Tier 1 City and Rs. 15,000, if living in Tier 2 or Tier 3 city.
Yes Bank

Basic Documents Required
1. Application Form
2. KYC Documents : Aadhaar Card, PAN Card, Voter ID etc.
3. Salary slips of last 2 months
4. Bank Statement of last 3 months
Yes Bank

Disbursal Time

Best in Class TAT
KreditBee

Interest Rate

0% to 29.88%
KreditBee

Associated Charges

NA
KreditBee

Repayment Tenure

Up to 24 months
KreditBee

Eligibility Criteria
1. The applicant must be a citizen of India.
2. The age of the applicant must be above 21 years.
3. The minimum net monthly salary of the applicant must be Rs. 10,000.
4. Aadhaar Card of the applicant must be linked to his/her mobile number.
KreditBee

Basic Documents Required
1. ID proof: PAN Card
2. Income proof: Bank statement/Salary slip
3. Address proof: Aadhaar card, Driving license, Voter ID, Passport, Bank passbook
4. Proof of Employment
KreditBee

Disbursal Time

15 mins
InCred

Interest Rate

1.5% to 3% per month
InCred

Associated Charges

Processing fee: 2%-4% of the withdrawal amount
InCred

Repayment Tenure

3 to 12 months
InCred

Eligibility Criteria
1. The applicant must be a citizen of India.
2. The age of the applicant must be between 21 and 55 years.
3. The applicant must be a salaried individual whose monthly income ranges from Rs. 15,000 to Rs. 50,000.
InCred

Basic Documents Required
1. PAN Card
2. Identity Proof: Aadhaar card/Voter ID/Driver’s license/Passport
3. Bank statements of past 3 months
InCred

Disbursal Time

4 Hours
mPokket

Interest Rate

0% to 4% per month
mPokket

Associated Charges

Processing fee: Rs. 50 to Rs. 200 + 18% GST depending on the loan amount with maximum APR of 48%
mPokket

Repayment Tenure

Up to 120 days
mPokket

Eligibility Criteria
1. The applicant must be above 18 years.
2. The applicant must have a monthly salary of at least Rs. 9000.
3. The applicant’s salary should be credited in his/her bank account and must not be in the form of cash.
mPokket

Basic Documents Required
1. Last 3 months Bank Statement,
2. Salary Slip/Joining Letter for Salaried Professionals
3. Aadhaar Card, Driving license, Voter ID card, etc
4. PAN Card
5. KYC Details
6. College ID card for Students
mPokket

Disbursal Time

Instant for fully approved KYC Users
IIFL Digital

Interest Rate

16.50% - 27.50% p.a.
IIFL Digital

Associated Charges

Processing fee: 2.50% - 4% of the loan amount +GST
IIFL Digital

Repayment Tenure

Up to 42 months
IIFL Digital

Eligibility Criteria
1. The applicant must be a resident of India.
2. The applicant must be between 19-60 years.
3. The applicant must be a salaried individual with a monthly salary of at least Rs. 15000.
IIFL Digital

Basic Documents Required
1. Selfie
2. PAN Card
3. Address Proof – Aadhaar/Passport/Voter ID
4. Latest 6 months bank statement
IIFL Digital

Disbursal Time

24 hours
Upwards Personal Loan

Interest Rate

1.50% - 2.50% p.m
Upwards Personal Loan

Associated Charges

Processing fee: Up to 4% of the loan amount

Foreclosure charge: 5% of the outstanding balance
Upwards Personal Loan

Repayment Tenure

Up to 36 months
Upwards Personal Loan

Eligibility Criteria
1. The applicant must be a salaried individual.
2. The applicant must have a monthly salary of at least Rs. 20000.
3. The applicant must a work experience of more than 2-3 years.
4. The applicant must be above 21 years.
Upwards Personal Loan

Basic Documents Required
1. Identity Proof: PAN Card/Aadhaar Card
2. Address Proof: Aadhaar Card/Driving License/Voter ID card
3. Last 3 months Bank Statement
4. Selfie
  Note: Banking documents can be waivered in STP program
Upwards Personal Loan

Disbursal Time

Same Day Disbursal
L&T Personal Loan

Interest Rate

11% p.a. onwards
L&T Personal Loan

Associated Charges

Processing fee: Up to 2% of principal outstanding + applicable taxes

Foreclosure charge: 5% of principal outstanding + applicable taxes
L&T Personal Loan

Repayment Tenure

24 months to 48 months 12-48 months
L&T Personal Loan

Eligibility Criteria
1. The applicant must be an Indian citizen with valid ID proof.
2. The applicant must be between 23 to 57 years of age.
L&T Personal Loan

Basic Documents Required
1. Required KYC
2. Pan Card/Form 60 (Mandatory)
3. Aadhar O-KYC
4. Address Proof
5. OVDs: Voter ID/Driving Licence/Passport/Job card issued by NNREGA, duly signed by State govt. officials/Letter issued by National population register/Proof of possession of Aadhar Number
6. D-OVDs: Electricity bill/Water bill/Post-paid bill/Property/Municipal tax receipt/Piped Gas bill
  *If utility bill is in landlord's name - rent agreement will be required
L&T Personal Loan

Disbursal Time

2 hours (With all documents approved on banking days)

Up to 24 working hours (over non-banking days)
Kotak Personal Loan

Interest Rate

11.75% p.a. onwards
Kotak Personal Loan

Associated Charges
Processing fee: Up to 3% of the loan amount plus applicable taxes

Foreclosure charges:
1. 4% of Principal outstanding (if paid within 0-36 months)
2. 2% of Principal outstanding (if paid beyond 36 months)
Part pre-payment charges:
1. Only for loans disbursed after 1st February 2020
2. Post completion of 12 months - Up to 20% of Principal loan outstanding.
Kotak Personal Loan

Repayment Tenure

Up to 60 months
Kotak Personal Loan

Eligibility Criteria
1. The applicant must be employed with an MNC, public limited company, or private limited company.
2. The age of the applicant must be between 21 years and 60 years.
3. The minimum monthly income must be Rs. 25,000 for corporate salary borrowers, Rs. 30,000 for non-corporate salary borrowers and Rs. 20,000 for Kotak Mahindra Bank employee.
4. The applicant must have a work experience of at least 1 year.
5. The applicant must be a graduate.
Kotak Personal Loan

Basic Documents Required
1. Identity proof: PAN Card/Passport/Aadhaar card/Voter’s ID Card/Driving license
2. Address proof: Passport/Aadhaar card/ Driving license
3. Bank statement of the last 3 months with income details
4. Salary slips of the last 3 months (for salaried employees)
5. 2-3 passport sized photographs
Kotak Personal Loan

Disbursal Time
1. Instant (Up to Rs. 5 Lakhs)
2. 48 hours (Up to Rs. 25 Lakhs)
Olyv - Formerly SmartCoin

Interest Rate

2% - 2.5% per month
Olyv - Formerly SmartCoin

Associated Charges

Subject to profile
Olyv - Formerly SmartCoin

Repayment Tenure

2 - 9 months
Olyv - Formerly SmartCoin

Eligibility Criteria
1. The applicant should be a salaried individual
2. The applicant must be between 24 and 45 years
3. The applicant must have a monthly income above Rs. 15000
Olyv - Formerly SmartCoin

Basic Documents Required

Identity proof (PAN/Aadhaar Card/Voter ID/Passport)
Olyv - Formerly SmartCoin

Disbursal Time

5 mins – 10 mins
Finnable

Interest Rate

15.95% p.a. onwards
Finnable

Associated Charges

Processing Fee: 3% onwards
Finnable

Repayment Tenure

6-60 months
Finnable

Eligibility Criteria
1. The applicant must be a salaried individual.
2. The age of the applicant must be between 21 and 60 years.
3. The applicant must be in continuous service for 1 year (6 months with the current employer).
4. The applicant must have a minimum monthly income of Rs. 20,000, if living in Tier-1 city and Rs. 15,000 per month, if living in Tier-2 city.
Finnable

Basic Documents Required

Identity Proof –Pan card, Aadhaar card
Finnable

Disbursal Time

2 hours
Privo

Interest Rate

9.99% p.a. onwards
Privo

Associated Charges

Processing Fee: 1%-3% of the loan amount +GST

Foreclosure Charges: Zero

Prepayment Charges: Zero
Privo

Repayment Tenure

3 months to 60 months
Privo

Eligibility Criteria
1. The age of the applicant must be between 21 and 57 years.
2. The applicant must have a minimum monthly income of Rs. 20,000.
3. The applicant must have a minimum CIBIL Score of 700.
4. The applicant must be an Android user.
Privo

Basic Documents Required

Aadhaar Card, PAN Card and Bank statement
Privo

Disbursal Time

Less than 5 mins
Federal Bank

Interest Rate

11% - 19.90% p.a.
Federal Bank

Associated Charges
1. Processing charges: 0.70% to 2.80% of the loan amount
2. Foreclosure charges: 3% of the outstanding loan amount + Applicable Taxes
Federal Bank

Repayment Tenure

12-48 months
Federal Bank

Eligibility Criteria
1. The age of the applicant must be between 21 and 55 years.
2. The applicant must have a CIBIL Score above 730.
3. The applicant’s eligibility will be determined on the basis of the Federal Bank credit policy*
Federal Bank

Basic Documents Required
1. PAN card
2. Aadhaar card
DBS

Interest Rate

15.95% p.a. onwards
DBS

Associated Charges

Processing Fee: 3% onwards
DBS

Repayment Tenure

6-60 months
DBS

Eligibility Criteria
1. The applicant must be a salaried individual.
2. The age of the applicant must be between 21 and 60 years.
3. The applicant must be in continuous service for 1 year (6 months with the current employer).
4. The applicant must have a minimum monthly income of Rs. 20,000, if living in Tier-1 city and Rs. 15,000 per month, if living in Tier-2 city.
DBS

Basic Documents Required

Identity Proof –Pan card, Aadhaar card
DBS

Disbursal Time

2 hours
Zype

Interest Rate

18% p.a. onwards
Zype

Associated Charges

2% to 6%
Zype

Eligibility Criteria
1. The applicant must be at least 18 years old.
2. The applicant must be a salaried individual.
3. The applicant must have a valid PAN card and Aadhaar card.
Zype

Documents Needed

PAN card and Aadhaar card (only number required)
Zype

Loan Amount

Up to ₹5 Lakhs
Zype

Repayment Tenure

Up to 1 year
Zype

Disbursal Time

Within 5 minutes
Kissht

Maximum Loan Amount

₹2 Lakhs
Kissht

Interest Rate

18% p.a. onwards
Kissht

Associated Charges

Processing Fee: 0.99% onwards

Foreclosure Charges: Nil
Kissht

Repayment tenure

Up to 2 years
Kissht

Eligibility Criteria
1. Applicant should be either a salaried or a self-employed individual
2. Applicant should fall under the age bracket of 21 to 50 years
3. Applicant should have a monthly income of at least ₹15,000
Kissht

Documents Required
1. PAN card
2. Aadhaar card
Kissht

Disbursal Time

5 minutes
Sumitomo Mitsui Financial Group

Loan Amount

Up to ₹2.5 Lakhs
Sumitomo Mitsui Financial Group

Interest Rate

11.99% p.a. onwards
Sumitomo Mitsui Financial Group

Associated Charges
1. Processing Fees: 3%
2. Foreclosure Charges: 3%
3. Part Pre-payment Charges: 3%
Sumitomo Mitsui Financial Group

Repayment tenure

Up to 36 months
Sumitomo Mitsui Financial Group

Eligibility Criteria

The applicant must have a CIBIL Score of at least 730
Sumitomo Mitsui Financial Group

Disbursal Time

Instant*

Instant Personal Loan Online

Avail a Loan of up to Rs.50 Lakhs*
Affordable rate of interest starting at 9.99% p.a.*
Other charges: Processing fee 2% + GST

Minimum annualised percentage rate is 9.99% and maximum annualised percentage rate is 27% with a flexible repayment period of 120 days to 6 years. Also full repayment in 30 days or less is not allowed.

Consider a salaried customer avails a Personal Loan of ₹1 Lakh at an interest rate of 14%. The lenders also charge a processing fee, that needs to be paid to get the loan processed and is usually 0-4% of the loan amount. Consider the processing fee to be ₹2250 for a tenure of 60 months. Then, the total interest payable is ₹39,610 and total amount payable is ₹1,41,860. The EMI will be ₹2,327 per month.

Contact

020-66399444 ( Mon to Sat - 10 am to 6 pm )

Address

4th Floor, B2 Building, Cerebrum IT Park, Kumar City, Kalyani Nagar, Pune – 411014.