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. 25 Lakhs
  • Affordable rate of interest starts at 12.99% p.a
  • Other charges:
  • Processing fee 2% + GST
  • Convenience charges: Rs. 4999

Our Lending Partners

  • Bajaj Finance Limited
  • Fullerton India Credit Co. Ltd.
  • PaySense Partners - PayU Finance (India) Pvt. Ltd
  • Prefr - Powered by Hero Fincorp
  • Axis Bank
  • Muthoot Finance
  • SBFC Finance Pvt Ltd
  • CASHe
  • EarlySalary
  • Yes Bank
  • KreditBee
  • InCred
  • mPokket
  • IIFL Digital

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 Finserv Protection Plan 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

    12.99% p.a onwards

  • Bajaj Finance Limited

    Associated Charges

    Processing Fees : Up to 3.99% of the loan amount Foreclosure Charges : 4% of the outstanding loan amount + applicable taxes

  • Bajaj Finance Limited

    Repayment tenure

    12-60 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

  • Fullerton India 

    Interest Rate

    11.99% p.a onwards

  • Fullerton India 

    Associated Charges

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

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

  • Fullerton India 

    Repayment tenure

    12-60 months

  • Fullerton India 

    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.

  • Fullerton India 

    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 

  • Fullerton India 

    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

  • Axis Bank 

    Interest Rate

    10.49% p.a. to 21% p.a.

  • Axis Bank 

    Associated Charges

    Processing Fee: Up to 2% of the Loan Amount

    Foreclosure Charges:

    5% for 0 - 12 Months

    4% for 12 - 24 Months

    3% for 24 - 36 Months

    2% for greater than 36 months

    + GST as applicable

  • Axis Bank 

    Repayment tenure

    12 months – 60 months

  • Axis Bank 

    Eligibility Criteria

    1. The applicant must be an Indian resident and a salaried individual.
    2. The age of the applicant must be between 21 and 60 years.
    3. The minimum net monthly income of the applicant must be ₹25,000 per month.
    4. The applicant must have a total work experience of at least 3 years.

  • Axis Bank 

    Documents Required

    1. Completely filled loan application form
    2. Identity Proof: A copy of PAN Card/Passport/ Voter ID/ Aadhaar / Driving License
    3. Address Proof: A copy of PAN Card/Aadhaar Card/ Property purchase Agreement/ Registered Lease Agreement/ Utility Bill (not more than 3 months old)/ Driving License/ Passport
    4. Duly signed Loan agreement duly signed and Standing Instruction (SI) Request / ECS Forms
    5. Disclaimer: This is an indicative list only. Additional documents may be asked for, on a case-to-case basis

  • Axis Bank 

    Disbursal Time

    2-3 days

  • 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

  • SBFC Finance Pvt Ltd 

    Interest Rate

    14.0% to 19.5% p.a.

  • SBFC Finance Pvt Ltd 

    Associated Charges

    Processing Fee: 2% of the Loan Amount

    Foreclosure Charges:

    5% of the principal outstanding amount

  • SBFC Finance Pvt Ltd 

    Repayment tenure

    12 months – 60 months

  • SBFC Finance Pvt Ltd 

    Eligibility Criteria

    1. The applicant must be a salaried professional.
    2. The age of the applicant must be between 22 and 55 years.
      Note: Max Age 58 Years at the time of maturity.
    3. Minimum Net monthly Income is Rs.30,000
      If Age is above 40 years than Minimum Net Monthly Income is Rs.50,000.
    4. The applicant must have a minimum work experience of 1 year, with a minimum experience of 6 months with the current employer.
    5. CIBIL Score above 700 is required.

  • SBFC Finance Pvt Ltd 

    Basic Documents Required

    1. ID Proof: PAN Card, Aadhaar Card, Voter ID Card, Passport, Driving License
    2. Address Proof: Aadhaar Card, Voter ID Card, Electricity Bill (< 60 days old), Driving License, Passport, Home Deed/Rent Agreement
    3. Bank Statement of the last 3 months & latest salary slip

  • SBFC Finance Pvt Ltd 

    Disbursal Time

    4 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)

  • EarlySalary 

    Interest Rate

    2.5% per month

  • EarlySalary 

    Associated Charges

    Processing Fee :

    Starting from Rs.399 + Rs.100 stamp duty

  • EarlySalary 

    Repayment Tenure

    3 months - 24 months

  • EarlySalary 

    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.

  • EarlySalary 

    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

  • EarlySalary 

    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