Bajaj Finserv Personal Loan

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About Bajaj Finserv

Bajaj Finserv, the most diversified non-banking institution in the country financing the widest set of products is a part of Bajaj Holdings and Investments Limited. It is a financial services company which has an expertise in providing loans, asset and wealth management and insurance. 
Bajaj Finance Limited, a subsidiary of Bajaj Finserv Limited is a Non-Banking Finance Company (NBFC) engaged in consumer and SME finance, commercial lending and wealth management.

About Bajaj Finserv Personal Loan

Bajaj Finserv provides Personal Loan to manage the finances and therefore, it acts as an impetus in putting one's plans into actions. The product comes handy when one plans a-

  • Dream Wedding
  • Travel
  • Home Improvement
  • Medical Emergency
  • Higher Education

Bajaj Finserv Personal Loan Features & Benefits

  • Quick loan approvals online & offline
  • Funds available in bank within 72 hours
  • Loans up to Rs.25 lakh
  • Part prepayment facility up to 6 times in one financial year at no extra cost (available only after clearance of the first loan EMI)
  • Zero foreclosure charges
  • Complete online account access anytime from any location to keep a track of loan details, repayment history, interest certificates, payment schedules etc.
  • Loan tenures ranging from 24 months to 60 months.

Bajaj Finserv Personal Loan Fees & Charges

For instant online loan approvals of up to Rs.25 lakh, applicable charges are-

  • Processing fee (2.25% - 3% of the loan amount)
  • EMI bounce charges (Rs. 1,000/- for each bounce)
  • Penal interest (2.00% per month)
  • Secure fee only for online applications (Rs. 1999/-)
  • Foreclosure charges (4% + applicable taxes on principal outstanding)
  • Prepayment charges (2% + applicable taxes on part payment amount)


Bajaj Finserv Personal Loan Eligibility Criteria

  • Age between 25 to 55 years.
  • Salaried employee (of an MNC or public or private company).
  • An Indian citizen residing in one of the 30 cities mentioned below.
 Indian cities Minimum net salary/month 
   Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Mumbai,      Noida, Pune, Thane, Surat  Rs. 40,000/-
   Ahmedabad, Chandigarh, Cochin, Jaipur, Kolkata, Nagpur  Rs. 35,000/-
   Aurangabad, Baroda, Bhubaneswar,Indore, Madurai, Mysore, Nasik,Trivandrum, Vijayawada, Vizag,Bhopal  Rs. 30,000/-

  • Interest Rate 11.99% - 16%
  • Loan Amount1L - 30L
  • Processing Fee % - 2%
  • Tenor1 Years

  • Quick Apply

Documents Required for Bajaj Finserv Personal Loan

 Category Documents Required
Financials  Last 2 months salary slips 
Bank statements  Last 3 months bank statements (Salary account)
Employment Proof  Employee ID card
KYC Documents
  • 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 signature)

Other Available products from Bajaj Finserv

  • Business Loan
  • Loan Against Property


EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
(Principal + Interest)

Bajaj Finserv reduces Personal Loan interest rate to 11.99%

September 25,2017

India’s popular financial services company Bajaj Finserv has reduced Personal Loan interest rate to 11.99% bringing joy to borrowers this festive season. The new interest rate is applicable on the loan amount of Rs. 12 lacs and above. The festive offer is valid until 25th September 2017.

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