Bajaj Finserv Personal Loan

With affordable interest rates, Bajaj Finserv offers personal loans. Additionally, Bajaj Finserv provides paperless digital loan processing along with online, quick personal loan. Bajaj Finserv with interest rates starting at 11% onwards. A maximum loan from Rs 1lacs to 35 lacs with a maximum 1 to 7year repayment period is available to you.

Interest Rate 11% onwards
Maximum Loan Rs 1lacs to 35 lacs
Processing Fees 3.93%
Maximum Loan Tenure 1 to 7year

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

Bajaj Finserv Personal Loan EMI Calculator



% Interest



Total Payable

Documents Required for Bajaj Finserv Personal Loan 

To apply for this bajaj finserv instant loan, the applicant must have all of the following documentation with them:

  • Loan application form with signatures and images

  • Worker ID card

  • Identity Proof: Voter ID, Passport, Driver's Licence, or PAN Card

  • Address Verification Documents Included: Passport, Driver's Licence, Ration Card, Mobile Bill, and Employer Letter

  • Passport, PAN card, driver's license, and photo credit serve as proof of signatures. 

  • Card or letter from the bank attesting to your signature

  • Work experience documentation includes an appointment letter, Form 16, and a salary slip from a previous job that is at least a year old.

  • Returns on business IT for at least the last 12 months

  • Turnover from the prior year, properly audited by a CA

Personal , Bajaj Finserv Loan can be taken out as standard term loans with equal monthly payments or with the option to pay flexi-interest only payments for a period of time. The entire loan amount is given in full after approval under the term loan option. As a result, you are responsible for the entire sum from the start of the loan. This indicates that interest is applied to the entire sum. The Personal Term Loan's EMI is computed as follows:

Term Loan EMI = Principal + Interest

Feature of Bajaj Finserv Personal Loan 

Here are some feature of Bajaj Finserv Flexi Loan : 

Flexi Interest Only Loan

The Personal Loan from Bajaj Finserv Limited (BFL) is available as a Flexi Interest Only Loan. Your monthly EMIs could be 45% less in this case than they would be with a term loan.

Instant Loans Up To Rs. 35 Lakhs

People with steady sources of income can apply online and receive approval for a quick loan of up to 35 lakhs rupees.

Disbursal Within 24 Hours

Within 24 hours of loan approval, funds are disbursed at the fastest rate in India thanks to BFL's personal loans.

Minimal Documentation

A solid credit score of 750 points or higher is required for Bajaj Finserv to offer pre-approved loans with little documentation.

Flexible term

The term for BFL personal loans is flexible, ranging from 12 to 60 months.

No Collateral Required

This loan is unsecured and does not require a guarantor or any type of security.

Part Prepayment

Part prepayment is permitted by making payments equal to 4% of the principal that is still owed after 13 to 24 months, 3% of the debt that is still owed after 25 to 36 months, and 2% of the principal that is still owed after 36 months.

Process for applying Bajaj Finserv Personal Loan 

The online application process for personal loans from Bajaj Finance loan details is straightforward.

    • Visit the official website .

    • Firstly , login with your name and number .

    • Then fulfill your employment type.

    • Verify OTP.

    • Upload all the documents and submit .

    • Last , you will get a call from the Fincrif team and help you to proceed next.

Frequently Asked Questions ( FAQ ) 

  1. When may I apply for a personal loan from Bajaj?

ANS. The time it takes to submit your loan application is less than five minutes. Furthermore, the bank's verification and loan approval processes can take 1 to 7 working days. 

  1.  What is the Bajaj minimum for personal loans?

ANS . The loan amount is determined by a number of variables, including the applicant's income, current debt, monthly expenses, CIBIL score, etc. To qualify for a personal loan from Bajaj Finserv, you must earn at least INR 22,000 annually. The required minimum salary varies from one city to the next.

  1. Can Bajaj grant me two personal loans?

ANS. You may request two personal loans from Bajaj Finserv, however it is not a good idea to request numerous unsecured loans. Before requesting a second loan, make sure you earn a lot of money since otherwise, the lender might view you as a high-risk applicant.

Eligibility Criteria for Bajaj Finserv Personal Loan 

Salaried individuals may apply for loans at Bajaj. Before Bajaj will consider their loan applications, clients must, however, satisfy a number of qualifying requirements. Having said that, different people may have different standards. Check the qualifying requirements listed below to determine if you meet them.

  • One should be salaried to apply.

  • He or she must live in India.

  • The applicant must be at least 23 years old.

  • The applicant's age cannot exceed 59 years.

  • A salaried applicant must have a minimum net monthly income of INR 22,000, INR 27,000, or INR 40,000 (salary requirements vary by city).

Online Bajaj Finserv personal loan eligibility calculators that are based on user profiles can also be used to determine a person's eligibility. The tool considers your income, loan amount, and monthly expenses to determine the maximum loan amount you may realistically obtain from a lender to satisfy your range of demands.

Fees and Charges of Bajaj Finserv Personal Loan 

Interest Rates13%
Loan AmountRs. 1 Lakh to Rs. 35 Lakhs
Tenure1 Year to 7 Years
Loan Processing FeeUp to Rs. 4,999 or up to 2.5% of loan amount
EMI Bounce ChargesRs. 600 – Rs. 1,200 per bounce
Prepayment Charges4% of principal outstanding for 13 - 24 months, 3% of principal outstanding for 25 - 36 months, and 2% of principal outstanding for >36 months.
EMIRs. 1104 Per Lakh*

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