Bajaj Finserv Personal Loan

working loan image

Unlock Best Personal Loan Offers From 30+ Lenders

+91

Bajaj Finance provides personal loans to people with a fixed monthly income starting at 11% per annum for amounts up to Rs 40 lakh, with repayment periods of up to 8 years. For self-employed individuals, the starting interest rate is 15% per annum for loan amounts up to Rs 50 lakh, with similar repayment terms. The process is quick, requiring minimal paperwork, and approved loans are disbursed on the same day. Existing customers may also qualify for pre-approved Bajaj Finserv Personal Loans.

Apply for Bajaj Finserv Personal Loan

Bajaj Finserv icon

Bajaj Finserv

Max. Loan Amt.

Up to ₹40L

Rate of Interest

11% - 25%

Tenure up to

Upto 8 Years

Processing Fee

Up to 4%

Check Eligibility
Max Tenure 100% Digital Process*

Bajaj Finance Personal Loan Interest rates

The interest rates for Bajaj Finance Personal Loans depend on various factors like credit score, age, employment, monthly income, and debt-to-income ratio. Existing customers might enjoy more favorable interest rates on their personal loans.

Loan Type Interest Rate (p.a.)
Personal Loan for Salaried 11% onwards
Personal Loan for Self-employed 15%-25%
Personal Loan for Doctors 9%-12.50%
Personal Loan for Chartered Accountants 14%-17%
Flexi Personal Loan 14%-17%

Bajaj Finserv Personal Loan Highlights

Salaried Self-employed Professionals/Non Professionals
Interest Rate 11% p.a. onwards 15%-25% p.a.
Loan Amount Up to Rs 40 lakh
  • Up to Rs 50 lakh
  • Up to Rs 55 lakh (for Doctors and CAs)
Tenure Up to 8 years Up to 8 years
Processing Fees Up to 3.93% of loan amount Up to 2.95% of loan amount
Minimum Monthly Income Rs 25,001

Note: Rates as of 13 December 2024

Banks/NBFCs Interest Rates(p.a.)
Axis Bank 10.49% onwards Apply Now
IndusInd Bank 10.49% onwards Apply Now
IDFC First Bank 10.49% onwards Apply Now
HDFC Bank 10.50% onwards Apply Now
ICICI Bank 10.50% onwards Apply Now
Kotak Mahindra Bank 10.99% onwards Apply Now
Tata Capital 10.99% onwards Apply Now
Bajaj Finserv 11.00% onwards Apply Now
Federal Bank 11.49% onwards Apply Now
DMI Finance 12.00% - 40.00% Apply Now
L&T Finance 12.00% onwards Apply Now
Kreditbee 12.25% - 30.00% Apply Now
MoneyTap 12.96% onwards Apply Now
Piramal Finance 12.99% onwards Apply Now
Aditya Birla 13.00% onwards Apply Now
MoneyView 15.96% onwards Apply Now
Cashe 27.00% onwards Apply Now

Also read: Best Personal Loan Interest Rate

indian loan image

Get a Bajaj Finance Personal Loan Online at Low Interest Rates

Apply Now

Annual Maintenance Charges

Flexi Term Loan 0.25% + taxes
Flexi Hybrid Loan 0.25% + taxes

Also read: Best Personal Loan in India

For Salaried Applicants

Processing Fee Up to 3.93% of loan amount
Penal Interest 2%-4% p.m.
Bounce Charges Rs 600-Rs 1,200
Part pre-payment Charges 2% + taxes
Mandate Rejection Service Charge Rs 450
Stamp Duty As per actuals
Document/Statement Charges/Account Statement/Repayment Schedule/ Foreclosure Letter/Interest Certificate/No dues certificate/Documents list Rs 50

For Self-Employed Applicants

Fee Type Charges
Processing Fee Up to 2.95% of loan amount
Bounce Charges Up to Rs 3,000
Penal Interest 2% p.m.
Document/Statement Charges Rs 50
Document Processing Charges Rs 2,000 + taxes
Outstation Collection Charges NA

Foreclosure Charges

Term Loan 4% + taxes
Flexi Hybrid Loan 4% + taxes
Flexi Term Loan 4% + taxes
indian loan image

Apply for Bajaj Finance Personal Loan at lower interest rates

Apply Now

Personal Loan for Self-employed Individuals

  • Purpose:  Bajaj Finance provides Personal Loans for Self-employed individuals to address both their business/professional and personal needs.
  • Loan Amount: Up to Rs 50 lakh
  • Tenure: Up to 8 years

Personal Loan for Salaried Individuals

  • Purpose: If you have a fixed monthly income, you can get Personal Loans for Salaried from Bajaj Finserv to cover your needs like travel, weddings, medical emergencies, education, consolidating debts, home renovations, and more.
  • Loan Amount: Up to Rs 40 lakh
  • Tenure: Up to 8 years

Personal Loan for Chartered Accountants

  • Purpose:  Bajaj Finance provides Personal Loans designed specifically for Chartered Accountants, helping with things like growing their business, covering work-related travel, renovating offices, funding weddings, travel, home improvements, and managing debt.
  • Loan Amount: Up to Rs 55 lakh
  • Tenure: Up to 8 years

Personal Loan for Doctors

  • Purpose: Bajaj Finance provides Personal Loans specifically designed for doctors. This loan can be used to support various personal and professional needs of doctors, including clinic renovation, practice expansion, and upgrading equipment.
  • Loan Amount: Up to Rs 55 lakh
  • Tenure: Up to 8 years

Flexi Personal Loan

  • Purpose: Bajaj Finance Flexi Personal Loan is an overdraft facility allowing applicants to withdraw funds from a pre-approved limit based on their credit profile. Repayment can be done whenever the applicant has extra funds, and interest is only charged on the withdrawn amount until it's repaid.

Other Personal Loans

  • Wedding Loan: Customers can use Bajaj Finance Marriage Loan to cover expenses related to their wedding, including venue and décor, jewelry and outfits, entertainment, photography, and more.
  • Personal Loan for Medical Emergencies: Bajaj Finance provides a Personal Loan for Medical Expenses to help cover both planned and unplanned medical emergencies. This includes expenses for diagnostics, hospital bills, cosmetic procedures, physiotherapy, and more. Additionally,eligible Bajaj Finserv customers can take advantage of a pre-approved Personal Loan for Medical Emergencies.
  • Debt Consolation Loan: A Personal Loan for Debt Consolidation is like a money-saving plan. It helps you lower the burden of your debts by using a new loan with lower interest rates to pay off your existing loans or credit card dues, which usually have higher interest rates.
  • Loan for Higher Education:  If you're looking to fund your child's higher education and can't qualify for a traditional education loan, you can consider Bajaj Finance's Personal Loan for Higher Education.
  • Personal Loan for Home Expenses: Individuals can take advantage of a Personal Loan for Home Expenses to fulfill financial needs associated with home-related expenses such as purchasing, renovating, repairing, furnishing, and more.

Also read: Best Personal Loan Status

indian loan image

Get a Bajaj Finance Personal Loan Online at Low Interest Rates

Apply Now

Bajaj Finance decides if you're eligible for a Personal Loan based on a few factors. They look at your age, job, monthly income, credit score, and nationality. Here are the criteria you need to meet for a Bajaj Finance Personal Loan:

For Self-Employed Applicants

  • Age: You should be between 24 and 70 years old.
  • Nationality: Indian
  • Credit Score: Your credit score must be 685 or higher.
  • Business Vintage: For applicants with a business, the business should have a vintage of at least 3 years.

For Salaried Applicants

  • Age: You should be between 21 and 80 years old.
  • Nationality: Indian
  • Profession: You should be working in an MNC, public, or private company.
  • CIBIL Score: Your credit score should be 685 or higher.
  • Minimum Monthly Salary: You need a minimum monthly salary of Rs 25,001, and it may vary based on the city where you live.

For Chartered Accountant

  • Age: The applicant should be 22 years old at the time of applying for the loan and not exceed 72 years at the time of loan maturity.
  • Professional Experience: A minimum of 2 years of professional experience is required.
  • Chartered Accountants: Chartered Accountants who own a house or office in the city where Bajaj Finance operates are also eligible for availing Bajaj Finance Personal Loan.
  • CIBIL Score: A CIBIL Score of 685 or higher is necessary.

For Doctors

  • Residency: The applicant must be a resident of India.
  • Age: The applicant should be at least 22 years old at the time of applying for the loan and not older than 72 years at the time of loan maturity.
  • Professional Experience: A minimum of 2 years of professional experience is required.
  • CIBIL Score: A minimum CIBIL Score of 685 or higher is required.
  • Medical Professionals Eligibility:
    • Super specialist doctors (MD/DM/MS) and graduate doctors (MBBS) with an MBBS degree registered with the medical council are eligible.
    • Dentists (BDS/MDS) need to have at least 5 years of post-qualification experience.
    • Ayurvedic and Homeopathic doctors (BHMS/BAMS) should have a post-qualification experience of a minimum of 2 years.

Also read: Best Personal Loan Eligibility

indian loan image

Apply for Bajaj Finance Personal Loan with Quick Disbursal

Apply Now

Documents that are required while applying for a personal loan with Bajaj Finance are as follows:

For Self-Employed Applicants

1. KYC Documents (PAN Card, Aadhaar Card, Passport, Voter ID, Driving License) 2. Proof of business ownership 3. Other Financial Documents

For Salaried Applicants

1. KYC Documents 2. Salary slips for last 2 months 3. Employee ID card 4. Bank account statement for last 3 months

For Chartered Accountants

1. KYC documents such as Aadhar card, voter ID, driving license, PAN card or any other government approved KYC document 2. Address Proof documents including electricity bill, passport, rent agreement, etc. 3. Practice certificate 4. Bank account statement 5. Ownership proof for at least one property

For Doctors

1. KYC of authorized signatories 2. Certificate of medical registration

Also ReadBest Personal Loan Documents Required

EMI Calculator

Also read: Best Personal Loan EMI Calculator

indian loan image

Apply for Bajaj Finance Personal Loan with Quick Disbursal

Apply Now

  • Helpline number: +91-8698010101

1. Do I need any security or guarantors while applying for Bajaj Finance Personal Loan?

Bajaj Finance does not require any security, collateral, or guarantor for individuals to avail personal loans.

2. Can I choose between fixed or floating rate for Bajaj Finance personal loan?

Bajaj Finance offers personal loans only at fixed rates of interest.

Also read: Best Personal Loan Balance Transfer

3. At what minimum credit score can I avail personal loan from Bajaj Finance?

You should have a credit score of 750 or more to avail Bajaj Finance Personal Loan.

Also read: Best Personal Loan Salaried Employees

4. Can I foreclose or prepay the Bajaj Finance personal loan?

Yes, you can foreclose your Bajaj Finance personal loan account. A foreclosure charge of 4% is applicable on the outstanding principal. Additionally, you have the option to make part-prepayments of your personal loan, subject to a charge of 2% on the outstanding loan amount after complete payment of your first EMI.

indian loan image

Get a Bajaj Finance Personal Loan Online at Low Interest Rates

Apply Now