Apply for Bajaj Finance Personal Loan

Why apply through CreditMantri

CreditMantri matches your credit and demographic profile to Bajaj Finance Personal Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Bajaj Finance Personal Loan. Hence the chances of your Bajaj Finance Personal Loan application getting approved is higher.


best rate


processing fee

5 yrs

max tenure

  • Maximum loan - 25 lakhs
  • 5-minute online personal loan approval and cash in bank in 72 hours
  • Interest rate - 12% to 15%
  • Processing fee - 2.25% to 3% of loan amount
  • Per bounced cheque - 1000/- and 2% penal interest per month
  • Secure fee - 999/- for instant approval online
  • Online application, Employee ID card
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport, Driver's license, Ration card, Mobile bill, Letter from employer
  • Signature proof (any one) - Passport, PAN, Driver's license, Photo credit card, Letter from bank verifying signature
  • Work experience documents - Appointment letter, Form 16, 1 yr old salary slip, same for previous employment

Bajaj Finance Personal Loan

Bajaj Finserv is part of the well-known Bajaj Holdings and specializes in lending, asset management, wealth management and insurance. It has over 1400 branches across the country and is one of the leading providers of retail finance.

A personal loan can be that friend in need when you have an urgent requirement for money and have no other source to turn to. Since a personal loan does not require any collateral and has no restrictions on end-use, it is a relatively convenient loan option. If you have a short-term need for money, and have a specific plan on how to repay it, then a personal loan is the ideal choice.

With Bajaj Finserv, you can get online Personal Loan solutions, which includes information on Personal Loan eligibility criteria, the documentation required, fees and charges, and application help for the personal loan. You could use your loan amount for home improvement or renovation, for the perfect holiday, purchase of electronics durables, to fund your children’s education, for celebrating a child’s or sibling’s or your own marriage, for working capital for your business, medical emergency, or any other reason.

Bajaj Finance Personal Loan - Features and Benefits

Get Instant online approval

You can get instant approval within minutes if you apply online. Check your eligibility on the website before you apply so you know what kind of loan you are eligible for.

Get funds in 72 hours in your bank account

A personal loan could give you the much needed respite from a financial crunch. In such cases, quick disbursal of loan amount is what one looks for. You will receive the loan amount within 72 hours of the loan being approved.

Loans up to Rs.25 lakh

You can opt for loans up to Rs. 25 lakhs at Bajaj Finserv. Repay it with a variety of options, and choose from tenures ranging from 12 months to 60 months.

Online account access

Once you have availed of a Bajaj Finance Personal Loan, you can access all information regarding your Personal Loan like your payment schedule, EMI payable, interest certificate, and key information related to your loans through the online customer portal.

Bajaj Finance Personal Loan Eligibility

You are eligible for a Bajaj personal loan if you meet the following criteria:

  • You are a salaried person
  • You earn a minimum of Rs. 25,000 to Rs 40,000 (Salary requirements differ from city to city)

In order to check your eligibility for a Bajaj personal loan online. In addition, you can use the Bajaj Finserv personal loan EMI calculator which helps you calculate your potential EMI payment and determine what kind of loan you can afford.

You can also use the online Personal Loan EMI calculator to calculate how much EMI you will have to pay for your Personal Loan, and plan your finances accordingly. You need to input the loan amount desired, the tenure and the interest rate. You will instantly learn how much your monthly EMI outflow and what kind of loan you can afford. You can use the online EMI calculator to determine the right combination of loan amount, interest rate and tenure that suits your repayment schedule.

Bajaj Finance Personal Loan – Documentation Required:

  • Salary slips of the last 2 months
  • Latest 3 months’ salary account bank statement
  • Employment proof - Employee ID card and visiting card
  • Work experience documents
  • Appointment letter / Form 16 / 1 year old salary slip

Previous employment

Appointment letter / Form 16 / Promotion letters / Transfer / Confirmation letters /previous salary slip

  • Identity proof - Passport / Voters ID card / Driving license / PAN card
  • Address proof - Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign)
  • Signature proof - Passport / PAN card / Driving license / Photo credit card (front only)
  • Age proof - Passport / PAN card / Driving license / Birth certificate

Bajaj Finance Personal Loan – Fees and charges

Following are the fees and charges applicable for instant online approval for a Bajaj Finserv personal loan of up to Rs.25 lakhs:

A Processing fee of 2.25% - 3% of the loan amount is levied. Foreclosure charges of 4% will be applicable after payment of more than 1 EMI. If you plan to prepay 25% or more of your outstanding principle amount after paying more than 1 EMI, pre-payment charges of 4% of your outstanding principle apply. No charges will be applicable on part pre-payment of less than 25% of your outstanding principle amount.

The interest rate varies with each customer depending on a variety of factors. The interest rate for a personal loan from Bajaj Finance is in the range of 16% p.a. but it is advisable to refer to the company directly for the most accurate and updated interest rates.

EMI bounce charges are Rs. 1,000 for every bounce

Penal interest is charged at 2.00% per month.

Secure fee for online processing - Rs. 999

Bajaj Finserv Personal loan FAQs

What is the minimum and maximum loan amount for salaried people?

The loan amount ranges from Rs 1 lakh to Rs 18 lakh and can go up to Rs 25 lakhs. The amount depends on various criteria like your net salary, your credit score and credit history and the internal policies of the company. Final approval for your loan amount is at the sole discretion of Bajaj Finserv.

What are the tenure options for EMI?

You can choose a tenure ranging from 12 months to 60 months depending on your preference, the loan amount, and loan conditions.

Do I have to pledge any collateral in order to secure a personal loan?

No collateral or security is required for obtaining a salaried Personal Loan. A personal loan is an unsecured loan which means that it does not require any collateral or asset to be pledged as security.

How do I repay the loan?

You can repay the loan amount in EMI (Equated Monthly Instalments) using the ECS facility or using post-dated cheques.

What is an EMI?

EMI stands for Equated Monthly Installment and is the monthly payment you need to make to pay off your loan fully and on time. An EMI payment includes contributions towards both the principal amount as well as the interest due on the loan amount.

Apply for a Bajaj Finserv Personal loan

You can apply for Bajaj Personal Loan by logging onto the Bajaj Finserv website and applying online. Once your application is received, you will get a confirmation email or SMS. If your personal loan is approved, a representative will come around to collect the necessary documents for verification. If you are not an existing customer and would like more information and details on personal loans, you can visit the nearest Bajaj Finserv branch; or you can call the toll free customer number; or send an SMS or a missed call to the contact numbers listed on the website.

Alternatively, if you think you need help with your loan application and advice on eligibility, CreditMantri can guide you through the entire process and match you with loan offer that best suits your profile.