Bajaj Finserv Personal Loan: How to apply? Check interest rates, eligibility and other key details

Need quick cash without the headache of paperwork or pledging your assets? A personal loan can come in handy whether it is for a last-minute medical emergency, planning your dream wedding, taking that long-overdue vacation, or giving your home a fresh look.

One of the most popular options today is the Bajaj Finserv personal loan. It is an unsecured loan, which means you don’t have to worry about keeping anything as collateral. You can borrow up to Rs 55 lakh, with flexible repayment tenures ranging from 12 to 96 months. Additionally, if your credit profile is solid, you could enjoy interest rates starting as low as 10% per annum.

Before jumping in, let us see who is eligible and how you can apply.

Who can apply for a Bajaj Finserv personal loan?

Before you apply, check if you meet the basic eligibility criteria.

• Age limit: You must be between 21 years and 80 years (at the time of loan maturity).


• Employment status: You should either be a salaried individual working in an MNC, private, or public company, or a self-employed professional like a doctor, CA, or business owner.


• Minimum income: For salaried applicants, you must earn a minimum of Rs 25,001 per month (this may vary by city). For self-employed applicants, your business must have a stable income flow with proper financial records


• Credit score: A CIBIL score of 685 or above improves your chances of getting the best Bajaj Finserv personal loan rates.

Generally, to be eligible for a personal loan, you need to be an Indian citizen and usually between 21 and 60 years old. You should have a regular source of income, either as a salaried employee or a self-employed person. Most banks also look for a minimum monthly income, usually around Rs 15,000 to Rs 25,000, depending on where you live. A good credit score (above 700) helps you get better loan offers. If you meet these basic rules, you are likely to be eligible for a personal loan.

Documents needed to apply for a Bajaj Finserv personal loan

• ID proof: Aadhaar Card, PAN Card, Passport, etc.


• Address proof: Utility bills, Rent agreement, etc.


• Income proof: Salary slips, bank statements (for salaried)


• Business proof: GST certificate, ITRs, etc. (for self-employed)

Bajaj Finserv personal loan interest rates

When it comes to loan terms, Bajaj Finserv Personal Loan offers flexible and competitive options. You can borrow up to Rs 55 lakhs, depending on your eligibility and credit profile. The interest rates start from 10% per annum, making it a smart choice for borrowers with a good credit score.

Repayment tenures are quite flexible too, ranging from 12 to 96 months, allowing you to choose what suits your financial comfort. Do note, there is a processing fee of up to 3.93% of the loan amount, which may vary based on your profile and loan type.

In case you are looking for more borrowing options, Moneycontrol, in partnership with eight lenders, offers personal loans up to Rs 50 lakhs. The process is quick and paperless – you fill in your details, verify your identity and select your repayment period. Depending on your profile, the interest rates can start as low as 10.5% per annum.

How to apply for a Bajaj Finserv personal loan online

Here is how to apply for a Bajaj Finserv personal loan:

1. Visit the Bajaj Finserv website and go to the personal loan section.


2. Click on 'Apply': This will open the online application form.


3. Enter your mobile number: Receive and verify the OTP sent to your phone.


4. Fill in details: Provide your full name, PAN, date of birth, and PIN code.


5. Select loan details: Choose the loan amount and tenure that suits you.


6. Upload documents: Scan and submit the required documents for verification.


7. Submit application: Once everything is filled out, submit your application.

How  to apply for a personal loan via the Bajaj Finserv app

1. Download the app: Available on the Google Play Store.


2. Register/login: Use your mobile number to sign in.


3. Go to loans: Select the personal loan option.


4. Follow the application steps: Similar to the website process.

Get Instant Loan Upto Rs.50L

Tips to improve loan approval chances

• Maintain a good credit score: Aim for a CIBIL score above 750.


• Stable employment: Long-term employment with a reputable company is favourable.


• Manage existing debts: Keep your debt-to-income ratio low.


• Accurate documentation: Ensure all submitted documents are correct and up-to-date.

You can also explore more personal loan options through Moneycontrol’s digital lending platform. Moneycontrol has partnered with eight lenders to offer you personal loans up to Rs 50 lakhs. The process is 100% digital. Depending on your profile, the interest rates can start as low as 10.5% per annum.

Getting a personal loan today is much easier and faster, thanks to digital platforms and flexible loan options. Bajaj Finserv personal loans offer attractive features like high loan amounts, flexible tenures and competitive interest rates.