As you can see here, we personally received an approval for a ₹4 lakh loan through the Bajaj Finance app. And honestly, friends—what I just can’t understand about the market today is this: when major companies like this are offering loans for such substantial amounts, why do people get caught up with fraudulent apps and waste their time trying to secure petty loans of just ₹2,000 or ₹4,000?
Bajaj clearly states on its official website that they will grant loans to anyone with a CIBIL score of 650 or above. And here’s the best part: what documents do you think we had to submit to get this loan? Believe it or not, we applied for and secured this entire loan simply by providing our Aadhaar card and PAN card—based on a standard KYC process. Furthermore, right here in this video, we will demonstrate—live before your eyes—how to transfer these funds directly into a bank account. There is one more thing I’d like to clarify: nowadays, while many people apply for loans through Bajaj, they often make minor mistakes—errors they aren’t even aware of—which ultimately lead to their loan applications being rejected. So, we will also be covering exactly what those mistakes are—and how to avoid them—later in this video. So, without further ado, let’s get started!
Well friends, to apply for a loan through Bajaj Finance, I’ve provided a direct link in the description of this video. That takes care of all the hassle right there! Simply click on the link, and you’ll be taken directly to the loan application page. As you can see, we have now landed on the official Bajaj Finance website, where it is clearly stated that they provide loans to *both* salaried individuals and the self-employed. Best of all, you can secure a loan with absolutely no collateral required, through a completely simple and straightforward process. Speaking of the loan amount, you will find that options range from a minimum of ₹400 all the way up to ₹55 lakhs. Furthermore, they state that anyone with a CIBIL score of 650 or higher can easily secure a loan from them. Most importantly—regarding the repayment tenure—you are granted a flexible window ranging from 12 to 96 months to repay your loan amount. A major highlight here is Bajaj’s commitment to disbursing funds within 24 hours and providing an approval status—confirming whether or not you are eligible for the loan—within just 5 minutes.
Even if you scour the entire market today, you won’t find another company currently offering personal loans at an interest rate as low as 10%. Yet, Bajaj stands out as a company that provides exactly that. Now, what is the most crucial part? Let’s understand this carefully first. On the very first page, you will be asked how much loan amount you require. For the sake of an example, let’s enter ₹10 lakhs. Next, you will be asked to specify the duration over which you intend to repay it; we have selected 84 months. You will then be presented with various loan variants: the first is the ‘Term Loan,’ which features a fixed EMI; followed by ‘Flexi Hybrid,’ ‘Flexi Term,’ and ‘Drop Line.’ Essentially, you will see a range of different loan variants to choose from. If we select the ‘Term Loan’ option here, the entire loan package will be structured with fixed installments, and—significantly—it involves no additional hidden charges or fees. This is precisely why I mention in every video of mine that if you intend to take a loan from Bajaj, you should opt for the Term Loan.
It is the absolute best option—free from any mental stress or complications. So, once we click on the ‘Apply’ button here, you will see that the very first thing you are asked to provide is your mobile number. You simply need to enter your 10-digit mobile number in this field—the number you wish to use for your loan application. As soon as you click on “Get OTP,” a six-digit OTP will be sent to your mobile number. You need to enter your OTP and simply click on “Submit.” Once we have entered all the required information, you can see that the system indicates we are eligible for a pre-approved loan of up to ₹4 lakh. You will also see various tenure options available—such as 48 months, 51 months, or 63 months. If we select the 48-month option, you can view the specific processing fees and other charges applicable to the ₹4 lakh loan amount.
This is currently just the initial stage; once further verification is completed, you will see the final loan offer details. If we click on the “Apply” page again, an interface similar to this will open up before us. Here, you will first need to enter your basic information. The basic information section begins with your full name. You must specify your gender (Male or Female), enter your Date of Birth, your PAN card number, and finally—at the very bottom—you will be asked about your occupation status: whether you are Salaried or Self-Employed. If you are employed by a company, select “Salaried”; otherwise—if you own a business, run a shop, or engage in any other form of work—you can select “Self-Employed.” You will also be asked for your GST number further down the page; if you have one, you can enter it here; otherwise, you may leave this field blank. After entering your area’s PIN code, you will see two sets of Terms and Conditions; you must check both boxes and then click on the “Continue” icon. As soon as we click “Next,” the following step requires us to verify our bank account. Regardless of which bank you hold an account with—be it any bank across India—you will find a comprehensive list of all banks displayed here. My ba…
It is Bank of Baroda. I will select it here. After accepting the terms and conditions, I will proceed by clicking ‘Continue’. An OTP will be sent to my mobile number, and once the OTP verification is complete, our bank verification process will be finalized. As you can see here, two bank accounts are linked to this mobile number: the first is Bank of Baroda, and the second is Kotak Bank. We will select both Bank of Baroda and Kotak Bank, and then click on ‘Continue’. You can now see that our bank verification has been successfully completed. We will now be redirected to the next page, where we will need to fill in some basic details. Before proceeding, let me clarify one thing: if you had previously selected ‘Salaried’ as your employment type, the field here would prompt you for your ‘Company Name’; however, since we selected ‘Self-Employed’,
we are required to enter our ‘Business Name’. Therefore, in the ‘Business Name’ field, you should enter the name of your shop, your business, or whatever professional activity you are engaged in. You also need to specify the nature of your business—whether you provide services, engage in trading, or are involved in manufacturing. Additionally, you must indicate your business structure—whether it is a sole proprietorship or a partnership—and mention how long you have been operating. You will enter the start date of your business and specify your annual turnover. To calculate this, simply take your monthly earnings—or the total value of your monthly transactions—and multiply that figure by 12; that will suffice for this section. Next, you will see an option regarding your business and residential addresses. If your business location and your home address are the same—meaning you work from home—you can select “Yes”; otherwise, you can click “No.” Once we have entered all this information, you will see that the “Office Details” page has opened before us. Here, we need to provide our office details. Regardless of where you work—whether it is for your own business or for a company—you must provide the corresponding address.
If you are employed by a company, provide the company’s address; if you run your own business—whether from a shop or from home—you can provide the address of your shop or your home, respectively. After entering these details, simply click on “Continue.” As you can see, after completing all the required sections, we have received an approval for a loan of ₹4 Lakhs displayed right on our screen. This loan is being offered at an interest rate of 27%. If we click “Continue” here, you will see a breakdown of the ₹4 Lakh loan: it includes a processing fee of ₹16,363, an EMI amount of ₹12,427, and all other applicable charges, which are listed on this page. We will simply click “Continue” once more, and now we need to complete our KYC verification. To perform the KYC, we must first enter our full Aadhaar card number, accept the terms and conditions, and then click on “Get Aadhaar OTP.” As soon as we click “Get OTP,” a One-Time Password (OTP) will be sent to the mobile number linked to our Aadhaar card. Once the OTP verification is complete, we will be required to take a photograph of ourselves. Our device’s camera will open automatically, and we simply need to use it to capture a photo. Once the photo has been successfully captured…
From here, we will click on “Upload,” and our photo has now been successfully verified. As soon as the verification process is complete, the next step requires you to enter your bank details—specifically, the account where you wish to receive the loan amount. Your name will appear automatically; you simply need to enter your IFSC code and account number, and then click “Continue.” Once you click “Continue” and finalize the submission, you will see that your loan application has been successfully submitted. A notification will indicate that you can expect to see your loan approval status within 60 minutes, and the funds will be credited to your bank account shortly thereafter. If you haven’t already set up an e-mandate, you will be required to complete a manual mandate process.
For this purpose, a Bajaj executive will contact you and request that you upload a cancelled cheque from the bank account where you are receiving the loan funds; alternatively, you can complete the verification process using your ATM card or through Net Banking OTP verification. Consequently, you can expect to receive the loan disbursement within 24 hours. So, that covers how to apply for a loan from Bajaj Finance.