Bajaj Finserv Personal Loan

  • Interest Rate starting from 13%
  • Loan Amount up to Rs.25 lakhs
  • Loan Tenure up to 5 years
  • Processing Fee up to 4.13% of loan amount + GST
Get Bajaj Finserv Personal Loan

No matter the requirement – be it a medical emergency, debt consolidation, an upcoming wedding or vacation, you can get an instant Bajaj Finserv Personal Loan at interest rates as low as 13%. A borrower can avail up to Rs.25 lakhs for a flexible tenure of up to 5 years.  

Bajaj Finserv Personal Loan Summary
Interest Rate 13% onwards
Loan Amount Up to Rs.25 lakhs
Loan Tenure Up to 5 years
Processing Charges Up to 4.13% of loan amount + GST

Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Bajaj Finserv Personal Loan Eligibility

To be eligible for a Bajaj Finserv Personal Loan,

An Applicant must be:
  • A salaried or self-employed resident of India.
  • Between the ages of 23 and 55.
  • Earning a minimum net monthly salary of Rs.35,000/Month if residing in Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida or Thane; Rs.30,000/Month if living in Ahmedabad or Kolkata; Rs.28,000/Month If a resident of Jaipur, Chandigarh, Nagpur, Surat or Cochin; Rs.25,000/Month if living in Goa, Lucknow, Baroda, Indore, Bhubaneswar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut or Rajkot.

Check your personal loan eligibility in seconds!

Feed the required details into the Fincity Personal Loan Eligibility Calculator and find out.

Bajaj Finserv Personal Loan Interest Rates

Bajaj Finserv Personal Loan interest rates start at 13%. Existing customers get a pre-approved offer with instant disbursal into their accounts. The interest rate is determined based on the borrower’s risk profile factoring in aspects such as credit score and history, income and employment status.

Note :The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Bajaj Finserv Personal Loan Processing Fees & Charges

Here’s a list of the processing and other fees charged by Bajaj Finserv when you apply for a Personal Loan.

Particulars Charges
Processing fees

Up to 3.99% of the loan amount 

Bounce Charges

Rs.600–1200 per instance (Inclusive of applicable taxes) 

Penal interest

2% of EMI amount per month + applicable taxes or Rs. 200 per month (including taxes), whichever is higher 

Secure fee (only for online approvals)

Rs.4,499 

Outstation cheque collection charges

Rs.65 + applicable taxes per repayment instrument 

Part-payment charges

2% of amount prepaid (minimum 2 EMI) + taxes as applicable 

Foreclosure charges

4% on principal amount outstanding as of date or foreclosure.

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Bajaj Finserv Personal Loan EMI Calculation

With the Fincity Personal Loan EMI calculator at your fingertips, knowing your tentative EMI amount for every personal loan scheme you shortlist is super simple. Compare them and choose the one you are most comfortable with.

Bajaj Finserv Personal Loan Documents Required

Here are the main documents individuals will need while applying for a Bajaj Finserv Personal Loan:

  • PAN Card 
  • KYC Documents – Aadhaar, Driving License, Voter ID Card, etc. 
  • Recent photograph

Additional documents required for salaried individuals

  • Form 16 or latest salary slips 
  • Bank account statements of previous 6 months

Additional documents for Self-Employed Individuals, Businessmen, andSMEs(Small and Medium Enterprises)

  • Business Proof (Certificate of business existence) 
  • Business relevant financial documents (if annual turnover exceeds Rs. 1 crore) 
  • Bank account statements 
  • Certified copy of previous year’s income tax return (ITR)

Additional documents required in case of personal loan for Chartered Accountant

  • Certificate of Practice (COP) 
  • Bank statement

Additional documents required in case of personal loan for Doctors

  • Medical Registration Certificate 

Note : Required documents must be self-attested and may slightly differ.

Bajaj Finserv Personal Loan Scheme Benefits

Bajaj Finserv personal loans come with pre-approved offers for existing customers. The application requires minimum documentation and a flexible tenure of up to 5 years.

Finding an instant personal loan with the lowest rate is no more a hassle!

With Fincity, you can get up to Rs.50 lakh instant loans at just 10.49% from top lenders in India. Connect with our expert loan advisors at pl@fincity.com and get yourself the best personal loan deal with a 24-hour disbursal.