How to Apply for a Bajaj Finserv Personal Loan - Loan Trivia


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Monday 23 December 2019

How to Apply for a Bajaj Finserv Personal Loan

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Personal loans are the most viable option for any financial emergency as they offer funds in a short time and without collateral. They can be used to consolidate credit card debts, pay for a wedding, finance your child’s higher education, tackle medical treatment costs, refinance an already existing loan, improve your credit scores, or plan travel for you or your entire family. Furthermore, personal loans prevent you from using up all your savings or breaking your investments. Moreover, applying for a personal loan is easy and quick. 

The best part about a online personal loan is that apart from a collateral-free sanction, you get a large sum of up to Rs.25 lakh from lenders such as Bajaj Finserv. What’s more, with a Bajaj Finserv Personal Loan, the process from application to disbursal is quick, simple and convenient, making it an ideal financing solution. With attractive personal loan interest rates and a long repayment tenor of up to 60 months, you can repay conveniently too. 

Application Process for Bajaj Finserv Personal Loan 

If your schedule does not allow you to visit a branch to apply for a personal loan, Bajaj Finserv allows you to apply online and offers doorstep document collection, making it a convenient option. 

You can easily apply for a personal loan from Bajaj Finserv in the following four steps: 
  • Add your work-related, financial and personal details in the online form.
  • To enjoy instant approval online, fill in the loan amount required and choose the tenor.
  • Submit the necessary documents such as ID proofs to the Bajaj Finserv representative who will contact you.
  • Post verification, you will receive the money in your bank account in as soon as 24 hours.

Documents Required for Bajaj Finserv Personal Loan 

Bajaj Finserv requires only minimal paperwork to make application simple and these are the documents that you need to submit in step 3 of the application process above. 
  • Passport-size photographs
  • KYC documents, which include your voter’s ID, PAN card, Aadhaar card, passport and driver’s license
  • Bank account statement of the last three months
  • Your employee ID card
  • Salary slips of at least last 2 months
You may be asked to submit more documents during your application based on specific requirements. 

Eligibility Criteria for Bajaj Finserv Personal Loan 

Before you apply, ensure you meet the following criteria that Bajaj Finserv has put in place for a personal loan for salaried applicants. Keep in mind that applying without meeting the criteria may result in a rejection, which could hamper your credit score. 
  • You must be between 23 and 55 years of age.
  • You must be a residing citizen of India.
  • You must be an employee at an MNC, public or private company.
  • You must meet the minimal monthly salary requirement based on your city of residence. For instance, the salary requirements for Mumbai, Pune, Bangalore or Delhi is Rs.35,000.
To calculate your loan eligibility faster, simply use the Bajaj Finserv Personal Loan Eligibility Calculator online. Fill in your city of residence, date of birth, monthly income, and expenses to see the loan amount you are eligible for. 

To plan repayment better, you can also use the personal loan calculator to compute your EMIs. Here, all you need to do is choose your loan amount, interest rate, and tenor and you will see the monthly instalments you will need to pay. To tweak this amount, you can change the loan amount and tenor. 

Apart from making the entire application process easy and convenient, Bajaj Finserv Personal Loan offers instant approval and flexible tenors to help your handle your finances better. Further, its flexi personal loan facility allows you to withdraw from the sanction multiple times, on the go. Here you pay interest only on the amount withdrawn rather than the entire loan limit. This helps you tackle unexpected expenses with ease. 

Additionally, you can reduce your EMIs by up to 45% if you opt for interest-only EMIs. Besides, you can check your pre-approved offer, which is a faster way of gaining access to the loan amount. you can contact Bajaj Finerv Personal loan Customer care no for any queries related to personal loan.

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