What Are the Documents Required For a Bajaj Finserv Personal Loan? - Loan Trivia

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Thursday, 30 January 2020

What Are the Documents Required For a Bajaj Finserv Personal Loan?

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A personal loan is a convenient and accessible solution that you can use to tackle urgent as well as planned expenses. It does not require security and places no restrictions on the usage of the sanction. These features make it the go-to solution for many borrowers. Moreover, if you are looking to obtain funding, all you need to do is meet your lender’s eligibility criteria and submit the personal loan documents required. 

Proper documentation is vital for the personal loan approval process, even when lenders have minimal requirements. The documents required for personal loan support and prove your eligibility and so, you should make every effort to have them in order when you apply. Since a personal loan is a collateral-free offering, importance is placed on your personal and financial details, and documents help demonstrate that you are an individual worthy of receiving financing. 

It is also crucial to know that the document list, though similar, varies from one lender to another. To understand the ones that you need to gather as you apply for financing, consider Bajaj Finserv Personal Loan documentation requirements. 

Documents Required for a Bajaj Finserv Personal Loan 

Below are the personal loan documents required to complete the application process when you apply with Bajaj Finserv. 
  • KYC documents such as your PAN card, Aadhaar card or driver’s license.
  • Employee ID card.
  • Salary slips of the previous 2 months.
  • Bank account statements of the previous 3 months.
Bajaj Finserv lists these as the documents required for a personal loan to verify personal details, check employment-related information and be sure that you have a regular flow of income for timely repayment. Along with producing these proofs, you may also have to furnish a couple of passport-size photographs and perhaps a few additional documents in case there are doubts about your credentials. 

As indicated before, personal loan documents prove your eligibility. To understand the co-relation better, refer to the following eligibility criteria: 

Eligibility Criteria for a Bajaj Finserv Personal Loan 

  • You must be a residing citizen of India.
  • You must be employed at a reputed organization, an MNC or a public/private company.
  • You must be between 23 and 55 years of age.
  • You must meet the city-specific minimum salary requirement.
On meeting the eligibility criteria, you can apply online through Bajaj Finserv’s website, to secure approval within 5 minutes. Further, if you adhere to the document list, you can expect quick verification and disbursal of up to Rs.25 lakh within 24 hours. What’s more, you can use the Flexi loan facility to withdraw from your sanction on the go and limit your interest payments to the amount withdrawn. 

As you consider a personal loan, remember that lenders like Bajaj Finserv prefer that you have a credit score of 750 or more. So, before you apply, make every effort to strengthen your score. Lenders also require that you keep your debt-to-income ratio in check and that’s why Bajaj Finserv offers you a loan eligibility calculator to determine whether you’re a good candidate and how much you should borrow. 

Now that you know what it takes to avail financing, gather the personal loan documents required. Even as you do so, remember to check your pre-approved offer from Bajaj Finserv. It provides you instant approval through a customized deal, streamlines the application process, and makes obtaining personal loan finance a hassle-free, pleasant endeavor.

You can connect with Bajaj Finserv customer care to clear your loan related queries. 
Must Read: How to Apply Bajaj Finserv Personal Loan

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