Are you in urgent need of Rs. 50,000 but worried about lengthy paperwork and guarantor requirements? Bajaj Finance offers a seamless solution with its instant personal loans—no collateral, minimal documentation, and quick disbursal. Whether you’re a salaried professional or have a pre-approved offer, getting funds has never been easier.
Let’s explore how you can secure a Rs. 50,000 loan from Bajaj Finance, the eligibility criteria, required documents, interest rates, and a step-by-step application process.
Two Easy Ways to Get a Rs. 50,000 Loan from Bajaj Finance
Bajaj Finance provides two convenient loan options based on your employment and financial profile:
1. Salaried Personal Loan (For Employed Individuals)
If you receive a fixed monthly salary, this loan is tailored for you. The process is quick and paperless, with funds often credited within 24 hours.
Key Requirements:
- Aadhaar Card (for identity verification)
- PAN Card (for financial and tax details)
- Latest Salary Slips (last 2-3 months)
- Bank Statements (showing salary credits)
2. Pre-Approved Loan (For Existing Customers)
Already a Bajaj Finance customer with a good repayment history? You may have a pre-approved loan offer with minimal documentation—just Aadhaar, PAN, and an OTP verification!
Benefits of Pre-Approved Loans:
- No income proof required
- Instant approval
- Money transferred directly to your account
Eligibility Criteria for Bajaj Finance Rs. 50,000 Loan
Before applying, ensure you meet these basic requirements:
- Age: 21 to 57 years
- Employment Type: Permanent salaried job
- Minimum Salary: ₹15,000 per month (credited to bank account)
- CIBIL Score: 700 or above (for better approval chances)
- Documents: Aadhaar, PAN, salary slips, and bank statements
If you’ve previously taken a Bajaj Finance loan and repaid it on time, your chances of approval increase significantly.
Documents Required for Bajaj Finance Personal Loan
To ensure a smooth application process, keep these documents ready:
- Aadhaar Card (Mandatory for KYC)
- PAN Card (Essential for financial verification)
- Salary Slips (Last 2-3 months for salaried applicants)
- Bank Statements (6 months for income proof)
- Passport-Sized Photo / Selfie (For digital verification)
If you have a pre-approved offer, only Aadhaar OTP verification is needed—no extra documents!
Interest Rates & Charges for Rs. 50,000 Loan
Before borrowing, understand the costs involved:
- Interest Rate: 10% – 31% p.a. (Depends on credit score & income)
- Processing Fee: Up to 3.93% of the loan amount (including GST)
- Late Payment Charges: ₹8 – ₹12 per day for delayed EMI payments
- Bounce Charges: ₹700 – ₹1,200 per failed EMI transaction
- Prepayment Charges: Up to 4.72% for early loan closure
Pro Tip: Maintaining a good credit score (700+) helps secure lower interest rates.
How to Apply for a Rs. 50,000 Loan from Bajaj Finance? (Step-by-Step Guide)
Follow these simple steps for a hassle-free loan application:
- Visit Bajaj Finance Website/App – Open the official portal.
- Select ‘Personal Loan’ – Choose your desired loan option.
- Fill Basic Details – Name, mobile number, city, etc.
- Enter PAN & Aadhaar Details – For identity verification.
- Provide Income Proof (If applicable) – Salary slips & bank statements.
- Select Loan Amount & Tenure – Choose Rs. 50,000 and repayment period.
- Upload Documents – Submit required files digitally.
- Get Approval & Receive Funds – Amount credited within 24 hours!
For pre-approved loans, simply sign the agreement via Aadhaar OTP—no further steps needed!