Bajaj Finserv Personal Loan - Loan Trivia


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Bajaj Finserv Personal Loan

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Personal loans are unsecured loans that help you meet your short-term funding requirements. The Bajaj Finserv Personal Loan comes with a high-value loan amount against a simple application procedure, hassle-free documentation, and several other attractive features. The funds availed can be used to meet diverse requirements such as marriage expenses, overseas education, and medical costs.

Bajaj Finserv Personal Loan – Features and Benefits 

Avail a personal loan from Bajaj Finserv to benefit several unique features. 
  • Collateral-free loan of high value
Enjoy a collateral-free personal loan of up to Rs.25 lakh against easy-to-meet eligibility criteria. 
  • EMI reduction with Flexi Personal Loan.
Pay EMIs reduced by up to 45%* with the Bajaj Finserv Flexi Personal Loan. Withdraw multiple times and prepay at ease. Opt for interest-only EMIs to reduce your monthly outgo. 
  • Minimal documentation.
Avail a Bajaj Finserv Personal Loan by submitting only some basic documents. 
  • Instant approval and fast disbursal.
Enjoy instant approval of your loan within 5 minutes and enjoy fast disbursal within 24 hours*. 
  • Flexible repayment tenor.
Bajaj Finserv offers a flexible tenor of up to 60 months for hassle-free repayment. 

Bajaj Finserv Personal Loan – Interest Rate, Fees and Charges 

Enjoy attractive Bajaj Finserv Personal Loan interest rates along with other nominal charges and repay conveniently. 

Types of Charges

Applicable Rates

Rate of interest
Above 12.99%
Penal interest (On EMIs)
2%/month plus applicable taxes or Rs.200/month (Higher of the two)
Processing charges
Up to 4.13% (Tax included)
Bounce charges (Inclusive of taxes)
Between Rs.600 and Rs.1,200
Secure charges (Online)

Eligibility Criteria for Bajaj Finserv Personal Loan 

Bajaj Finserv Personal Loan eligibility criteria are easy-to-meet. To avail a personal loan from us, you must – 
  • Be an Indian resident.
  • Age between 23 and 55 years.
  • Be a salaried individual employed with an MNC, public or private company.
  • Meet the minimum net monthly income requirement as per the city you reside in.

Bajaj Finserv Personal Loan Documents Required 

Submit the necessary documents required for the quick processing of your Bajaj Finserv Personal Loan. 
  • KYC documents.
  • Employee identity card.
  • Salary account’s bank account statement for the last three months.
  • Last 2 months’ salary slips.

Bajaj Finserv Personal Loan – EMI Calculator 

Plan your finances beforehand by estimating the personal loan EMIs. Use the personal loan EMI calculator available online and compute the installments prior to availing a loan. 

The calculator requires you to fill in the following details. 
  • Loan amount
  • Loan tenor.
  • Annual interest rate.
Once entered, it displays three results, viz. – 
  • The loan EMI.
  • Total interest payable.
  • Total payment at the tenor’s end (Including the principal and interest.
Vary the inputs to alter the results. Find the suitable loan amount you should avail and repay conveniently as per the applicable Bajaj Finserv Personal Loan interest rates. 

How to Apply for Bajaj Finserv Personal Loan Online? 

Apply for a Bajaj Finserv Personal Loan online in a few simple steps. 

Step 1 – Fill in the online application form. 
Step 2 – Input the loan amount you require and the tenor to enjoy instant approval. 
Step 3 – Submit all documents to a representative from Bajaj Finserv. 
Step 4 – The loan amount will be disbursed to your account post verification of the documents. 

Bajaj Finserv Personal Loan – Customer Care 

For any information regarding a Bajaj Finserv Personal Loan, call us, send an SMS, or reach out to your nearest branch using the branch locator.
  • To call, dial 020 3957 5152.
  • Or, send an SMS ‘SOL’ at 9773633633.

Personal Loan FAQs 

Q1. How much can you avail as a personal loan? 
You can avail a loan amount up to Rs.25 lakh as a Bajaj Finserv Personal Loan. 

Q2. What are the minimum and maximum tenors? 
Bajaj Finserv Personal Loan tenor ranges up to 60 months. You can choose a tenor and EMI that suits your repayment capacity with the help of a personal loan EMI calculator. 

Q3. What are the part-prepayment and foreclosure charges? 
While the part-prepayment charges are 2% along with applicable taxes on pre-payment amount, foreclosure charges are 4% + taxes applicable on principal outstanding. 

Q4. Can a personal loan be used for medical emergencies? 
Yes, a personal loan can be used for medical emergencies, among other funding necessities. 

Q5. How to know the eligible loan amount one can avail as per current income and expenses? 
Use the Bajaj Finserv Personal Loan Eligibility Calculator to know the loan amount you can avail as per your current income and expenses.

Q6. Where can a personal loan be used? 
It can help you meet a wide range of financial requirements, such as:
  • Travel.
  • Wedding
  • Medical emergency.
  • Home renovation
  • Higher education
  • Debt consolidation

With all the details in mind, you can conveniently apply for a Bajaj Finserv Personal Loan to meet your diverse funding requirements. 

*Conditions Apply

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