Bajaj Finserv Personal Loan

Check Eligibility

Max. Loan Amt.

Up to ₹50.00 Lakh

Rate of Interest

10.00% - 31.00%

Tenure up to

1 - 8 Years

Processing Fee

₹Up to 3.93%

Quick ApprovalFlexible Tenure

Check Eligibility

Features & Benefits of Bajaj Finserv Personal Loan

• High Loan Amount: – Borrow up to Rs 55 lakh for salaried individuals, up to Rs 80 lakh for doctors, and up to Rs 75 lakh for chartered accountants.
• Flexible Tenure: – Repay your loan over a period of 1 to 8 years based on your financial comfort.
• Competitive Interest Rates: – Bajaj Finserv personal loan interest rates start from 10% p.a., making it one of the more accessible NBFC options in India.
• Quick Approval: –Most applications receive instant approval online, with same-day disbursal for eligible applicants.
• No Collateral Required: –The loan is completely unsecured, so you do not need to pledge any assets.
• Flexi Loan Facility: –Withdraw from a pre-approved limit and pay interest only on the amount used, not the full sanctioned amount.
• Pre-Approved Offers: –Existing Bajaj Finance customers may have pre-approved personal loan offers with faster processing and better rates.

Bajaj Finserv Personal Loan Interest Rates

Bajaj Finserv personal loan interest rates start from 10% p.a. The rate applicable to your loan depends on several factors, including your CIBIL score, monthly income, employer category, age, loan amount, and existing relationship with Bajaj Finance. Applicants with a higher credit score and stable income typically get rates on the lower end.

How to get a lower interest rate on Bajaj Finserv Personal Loan:

• Maintain a CIBIL score of 750 or above.
• Apply as an existing Bajaj Finance customer to access pre-approved offers
• Choose a shorter tenure if manageable, as it often fetches better rates
• Avoid multiple simultaneous loan applications, which can hurt your credit score

Bajaj Finserv Personal Loan Interest Rate on Rs 1 Lakh

For a loan of Rs 1 lakh at 10.5% p.a. over 3 years, the approximate monthly EMI works out to Rs 3,250 and total interest payable is around Rs 17,009. Use the EMI calculator on this page to check your exact figures based on your preferred loan amount and tenure.

Types of Bajaj Finserv Personal Loans

Bajaj Finserv offers a wide range of personal loans catering to salaried professionals, doctors, chartered accountants, and individuals with urgent financial needs.

1. Personal Loan for Salaried Individuals

• Purpose: Travel, weddings, medical emergencies, education, debt consolidation, home renovation, and more
• Loan Amount: Up to Rs 55 lakh
• Tenure: Up to 8 years
   

2. Personal Loan for Doctors

• Purpose: Clinic renovation, practice expansion, upgradation of medical equipment, and personal needs
• Loan Amount: Up to Rs 80 lakh
• Tenure: Up to 8 years
   

3. Personal Loan for Chartered Accountants

• Purpose: Office renovation, business expansion, travel, weddings, debt consolidation
• Loan Amount: Up to Rs 75 lakh
• Tenure: Up to 8 years
   

4. Insta Personal Loans

• Purpose: Pre-approved loans for weddings, home renovation, medical emergencies, and urgent needs with minimal or no documentation
• Loan Amount: Up to Rs 15.50 lakh
• Tenure: Up to 8 years
• Special Feature: Disbursal within 30 minutes to 4 hours.
   

5. Flexi Personal Loan

• Purpose: Works as an overdraft facility where you withdraw from a pre-approved limit and pay interest only on the utilized amount. Repay as per convenience.

6. Other Personal Loan Schemes

• Wedding Loan: Covers venue, jewellery, décor, photography, and entertainment expenses
• Personal Loan for Medical Emergencies:For hospital bills, cosmetic treatments, surgeries, and diagnostics
• Loan for Higher Education: Funds children's higher education where standard education loans may not apply
• Personal Loan for Home Renovation:Covers repairs, furnishings, and renovation costs

Bajaj Finserv Personal Loan for Existing Customers

Existing Bajaj Finance customers often receive pre-approved personal loan offers with faster disbursal, lower documentation requirements, and in some cases, preferential interest rates. You can check your pre-approved offer by logging into the Bajaj Finserv app or website using your registered mobile number. These offers are updated periodically and are not guaranteed to all customers.
If you are an existing customer with a good repayment history, you may also be eligible for a top-up personal loan on your current loan.

Bajaj Finserv Personal Loan for Self-Employed

Self-employed individuals can apply for a Bajaj Finserv personal loan, though the primary product is designed for salaried applicants. Self-employed professionals such as doctors and chartered accountants have dedicated loan schemes with higher loan amounts and competitive rates starting from 11% p.a. For other self-employed individuals, eligibility and approval depend on income documentation, business vintage, and credit score.

Bajaj Finserv Personal Loan on Bajaj EMI Card

If you hold a Bajaj Finserv EMI Card, you may be eligible for a personal loan directly through your card account. The process is largely digital and requires minimal documentation. The loan is disbursed to your bank account and can be repaid in easy EMIs. Eligibility and the available loan amount depend on your card limit, repayment history, and credit profile.
To check whether a personal loan is available on your Bajaj EMI Card, log in to the Bajaj Finserv app or customer portal.

Bajaj Finserv Personal Loan Fees and Charges

Annual Maintenance Charges

Eligibility Criteria for Bajaj Finserv Personal Loan

Bajaj Finserv evaluates loan applications based on age, profession, income, nationality, and credit score.

General Eligibility

• Age: 21 – 80 years
• Nationality: Indian
• Eligible Applicants: Salaried & Self-employed
• Employer Type:: MNC, Public sector, or Private company employees
• CIBIL Score: 685 or above
• Minimum Salary:: Varies by city; typically Rs 25,000 to Rs 35,000 per month for metro applicants

For Chartered Accountants

• Minimum 2 years of professional experience
• Must own a house or office in a city where Bajaj Finserv operates

For Doctors

• Minimum age at application: 22 years
• Maximum age at loan maturity: 80 years
• CIBIL Score: 685 or above
• Must hold a valid medical registration with the Medical Council

Documents Required for Bajaj Finserv Personal Loan

For Salaried Applicants

• KYC Documents (PAN Card, Aadhaar Card, Passport, Voter ID, Driving License)
• Last 3 months’ salary slips
• Employee ID card
• Last 3 months’ bank statements
• Letter of Allotment of Accommodation issued by the employer (if applicable)
   

For Chartered Accountants

• KYC Documents (PAN, Aadhaar, Voter ID, Passport, Driving License, etc.)
• Address Proof (electricity bill, rent agreement, passport, etc.)
• Certificate of Practice
• Ownership proof of at least one property
   

For Doctors

• KYC Documents (PAN, Aadhaar, Voter ID, Passport, Driving License, etc.)
• Medical Registration Certificate
• PAN Card
• NPR/NREGA Job Card (if applicable)

How to Apply for Bajaj Finserv Personal Loan Online

You can apply for a Bajaj Finserv personal loan online in a few simple steps through MybankingTips:

Step 1: Enter your basic details including your name, mobile number, PAN, loan amount, and employment type.
Step 2: Check your eligibility and compare available offers from Bajaj Finserv and other lenders.
Step 3: Select the Bajaj Finserv personal loan offer that suits your requirements and submit your application.
Step 4: A loan expert will get in touch with you to guide you through the documentation and approval process.

For existing Bajaj Finance customers, the online application through the Bajaj Finserv app or website may involve even fewer steps due to pre-filled KYC data.

Bajaj Finserv Personal Loan EMI Calculator

Use the EMI calculator to estimate your monthly payment before applying. Enter your desired loan amount, applicable interest rate, and preferred tenure to instantly see your EMI, total interest payable, and total repayment amount.

Bajaj Finserv Customer Care

• Helpline Number: +91-8698010101
• For grievance redressal and detailed assistance, applicants can also connect through Bajaj Finserv Customer Care portal or regional service centres.