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Bajaj Finserv Personal Loan

Bajaj Finserv offers personal loans with attractive features, competitive interest rates, and flexible repayment terms. With a maximum loan amount of ₹50 lakhs, a tenure of up to 96 months, and an interest rate starting at 10.5% p.a., Bajaj Finserv personal loans are ideal for individuals seeking higher loan amounts with longer repayment tenures.

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Loan Highlights
Features
Eligibility criteria
Documents Required
How To Apply
FAQs
Partners
Articles
Testimonials

Bajaj Finserv Personal Loan Highlights

Interest Rate
10.5% p.a.
Loan Amount
Up to ₹50 lakhs
Tenure
Up to 96 months

Features of Bajaj Finserv Personal Loan

Loan amount: Bajaj Finserv offers personal loans up to ₹50,00,000, allowing you to address substantial financial needs, such as home renovations, medical expenses, or funding large projects.
Loan tenure: Flexible loan tenures are available, extending up to 96 months (8 years), providing ample time to repay the loan in easy EMIs.
Interest rates: Bajaj Finserv offers personal loan interest rates starting at 10.5% p.a., which is one of the most competitive rates in the market. Your rate will depend on your credit score and other eligibility factors.
Unsecured loan: Bajaj Finserv’s personal loans are unsecured, meaning no collateral is required.
No collateral: RING personal loans are unsecured, meaning you don’t need to provide any assets or property as security.
Flexible repayment: Enjoy flexibility in repayment with terms ranging up to 24 months.
Minimal processing fees: RING charges competitive processing fees that are lower compared to traditional lenders.

Why Choose Moneycontrol?

Low Interest Rate
Instant Disbursal
Multiple Offers
100% Digital Process

Eligibility Criteria for Bajaj Finserv Personal Loan

To qualify for a Bajaj Finserv personal loan, applicants must meet the following eligibility requirements:

age
Applicants must be between 23 and 55 years of age.
Employment status
You must be employed with a stable income source, either salaried or self-employed.
Income
A minimum monthly income of ₹15,000 is required for salaried individuals and ₹25,000 for self-employed individuals.
Credit Score
A minimum credit score of 650 is typically needed to be eligible for a loan. However, individuals with a higher credit score may qualify for better interest rates.
Residence
Applicants must be Indian residents and must have a permanent address within the serviceable area.
Existing loans
Applicants with no or minimal existing loan obligations may have higher chances of approval.

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Documents Required for Bajaj Finserv Personal Loan

To apply for a Bajaj Finserv personal loan, you will need to submit the following documents:

Identity proof: Aadhar card, Passport, Voter ID, or Driver’s Licence
Address proof: Aadhar card, utility bills, passport, or ration card
Income proof:
- For salaried individuals: Salary slip for the last 3 months or bank statement for the last 6 months.
- For self-employed individuals: ITR (Income Tax Return) or bank statement for the last 6 months.
Photographs: Passport-sized photographs.
KYC documents: Proof of identity and address as per KYC guidelines.
Application form: Filled application form with personal details and loan requirements.

Pick Your Loan Amount

How to apply for Bajaj Finserv personal loan

You can apply for a Bajaj Finserv personal loan loan online via Moneycontrol using the following steps:

1
Enter your details
2
Pick the best loan offer from multiple lenders including Bajaj Finserv
3
Complete your KYC
4
Set up EMI repayment
5
Withdraw funds to your bank account

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FAQs about Bajaj Finserv personal loan

What is the maximum loan amount I can get with a Bajaj Finserv personal loan?

The maximum loan amount available is ₹50,00,000.

What is the interest rate for Bajaj Finserv personal loans?

The interest rate starts at 10.5% p.a., depending on your credit score and other factors.

How long does it take for Bajaj Finserv to approve and disburse the loan?

The loan approval process is quick, and funds are generally disbursed within 1-2 business days.

Do I need to provide collateral for the loan?

No, Bajaj Finserv offers unsecured personal loans, so no collateral is required.

Can I repay my loan before the tenure ends?

Yes, Bajaj Finserv allows early repayment, and you can pay off the loan without heavy prepayment penalties.

Can I use a personal loan for business purposes?

Bajaj Finserv personal loans are typically for personal expenses, such as medical emergencies, home renovations, or weddings. For business funding, you may need to explore business loans instead.

Can I transfer my personal loan to another lender?

Yes, Bajaj Finserv allows you to transfer your personal loan to another lender if you want better terms or lower interest rates through a loan balance transfer.

Can I prepay my personal loan early?

Yes, Bajaj Finserv allows early repayment of loans, but check the loan agreement for any applicable charges.

Can I get a personal loan with no credit history?

While having no credit history can make it harder to secure a loan, Bajaj Finserv may still consider your application based on other factors, such as income, employment, and repayment capacity.

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User Testimonials

I would like to thank Moneycontrol, few days back I met with an accident and I didn’t have much money to pay in one go. So, I took an instant cash advance from Moneycontrol. They helped me to clear all the medical bills in just 10 mins!

Suresh V Rangnathan

The overall experience with Moneycontrol was really good. I applied for an online personal loan and the service was very quick. The entire process was fast and smooth, and the loan was sanctioned without any hassles.