Bajaj Finserv
Personal Loan

Apply for Bajaj Finserv Personal Loan if you need quick cash for family, health, education, travel, business or more. Bajaj Finserv Personal Loan comes at interest rate starting from 13% p.a. You can get up to Rs. 35 lakhs as loan amount for tenure up to 7 years and processing fee of up to 4.13% of the loan amount.

Here find the best Personal loan for you.


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Here find the best Personal loan for you.


Bajaj Finserv Personal Loan Details

Interest Rates  13%
Loan AmountRs. 1 Lakh to Rs. 35 Lakhs
Tenure1 Year to 7 Years
Loan Processing FeeUp to Rs. 4,999 or up to 2.5% of loan amount
EMI Bounce Charges  Rs. 600 – Rs. 1,200 per bounce
Prepayment Charges4% of principal outstanding for 13 - 24 months, 3% of principal outstanding for 25 - 36 months, and 2% of principal outstanding for >36 months.
EMIRs. 1104 Per Lakh*

Note: Bajaj Finance is powered by https://www.bajajfinserv.in/ and the information mentioned here is provided by Bajaj Finserv Limited.

Features and Benefits of Bajaj Finserv Personal Loan

  • Flexi Interest Only Loan: Bajaj Finserv Limited (BFL) Personal Loan can be borrowed as Flexi Interest Only Loan. Herein, your EMIs can be 45% lower every month as compared to Term Loan.
  • Instant loans up to Rs. 35 lakhs: People with stable income source can apply online and avail approval for instant loan of up to Rs. 35 Lakhs.
  • Disbursal within 24 hours: BFL offers India's fastest Personal Loan with fastest disbursal in just 24 hours of loan approval.
  • Minimal documentation: Bajaj Finserv offers pre-approved loans with minimal documents to borrowers with a good credit score of 750 points or above.
  • Flexible tenure: BFL personal loans are available for flexible tenure ranging from 12 months to 60 months.
  • No collateral required: This loan is unsecured and does not need any guarantor or collateral.
  • Part prepayment: Part prepayment is allowed by paying charges of 4% of principal outstanding for 13 - 24 months, 3% of principal outstanding for 25 - 36 months, and 2% of principal outstanding for >36 months.

Bajaj Finserv Personal Loan Processing Fees and Other Charges

Types of FeesCharges Applicable
Processing feeUp to Rs. 4,999 or up to 2.5% of loan amount
Penal interest2% - 4% per month on EMI outstanding
Charges for physical documents retrievalRs. 250 + + applicable taxes
Charges for physical statement retrievalRs. 50 per statement/letter/certificate
Foreclosure charges4% on principal outstanding + applicable taxes
Part prepayment charges4% of principal outstanding for 13 - 24 months, 3% of principal outstanding for 25 - 36 months, and 2% of principal outstanding for >36 months.

Bounce charges

Rs. 600 – Rs. 1,200 per bounce
Annual maintenance charges0.25% + applicable taxes

Note: Know about NBFCs v/s Bank better option for your personal loans.

Types of Personal Loans Offered by Bajaj Finserv

Bajaj Finserv is a customer-friendly lender and extends maximum flexibility to the borrower. A host of Personal Loan offers are designed to match different types of customer profiles such as personal loan for salaried, self-employed or professionals. The borrowers get option to choose Term Loan, Flexi Term Loan or Flexi Hybrid Loan for repayment ease.

Let’s discuss types of Personal Loans by Bajaj Finserv on the basis of repayment ease and on the basis of end use of the loan.

Bajaj Personal Term Loan

Bajaj Finserv Personal Loan can be borrowed as a regular Term Loan that allows repayment in equated monthly instalments or with an option to pay flexi-interest only instalments for some time. Under the Term Loan Option, complete loan amount is disbursed in full after the approval. So you become accountable for the whole amount from the very beginning of the loan. This means, interest is also charged on the full amount. The EMI of Personal Term Loan is calculated as:

Term Loan EMI = Interest + Principal

Bajaj Overdraft Loan 

A Overdraft Personal Loan facility enables borrower to borrow over and above the funds that already exist in their bank account. An approved limit is fixed and the same can be repaid as per the borrower’s convenience. To avail the maximum benefits of Bajaj Finance Overdraft Loan facility, you can apply for Flexi Personal Loan facility offered by Bajaj Finserv.

With Bajaj Flexi Loan, you can enjoy the following benefits:

  • Borrow Bajaj OD loan of up to Rs. 35 Lakhs when you want.
  • Prepay the borrowed amount without any additional charges.
  • Transfer funds from the approved Bajaj Finance Overdraft Loan limit to your loan account online.
  • Pay interest only on the amount you utilize by the end of the day.
  • With Bajaj Finance overdraft facility, you can reduce your EMI up to 45% by opting for paying only interest as your EMI for the first part of repayment tenure and principal later.  
  • Bajaj OD loan interest rate is competitive.

Bajaj Flexi Personal Loan

Bajaj Finserv Flexi Term Loan facility is flexi loan repayment facility. It is an add-on benefit for the premium BFL customers and can be blocked for non-adherence to the repayment discipline.

How Flexi Loan Works?

  • After the approval, you will get online access of Bajaj Finserv Portal- Experia.
  • Essentially a hybrid product, Flexi Term Personal Loan combines regular Term Loan and Written Down Value-Based Model for loan limit. This feature makes BFL Personal Loan extremely easy and hassle-free for the borrowers.
  • Interest is charged only on the amount drawn. You can save smartly on interest cost.
  • You can borrow just as much as you need directly from the portal. There is no charge on transaction.
  • Here, the sanctioned loan amount is assigned as a credit limit to your loan account.
  • The loan becomes zero at the end of the tenor as the Drawing Capacity reduces on a monthly basis.


  • Flexibility to pre-pay idle funds without any charge.
  • Access to drop line facility which makes you eligible to withdraw money any time during the tenor.
  • Save as much as 45 % on interest costs. Pay interest on the utilized amount.
  • Get access to exclusive online transaction platform "Experia" on Bajaj Finserv's official portal. It enables drawdown and RTGS, i.e., you can pre-pay on the go through net banking.

Bajaj Finserv Pre Approved Personal Loans

A Pre-Approved Personal Loan is the loan deal where the lender offers a loan to a credit-worthy individual. Most lenders offer such deals to their existing customers with a clean track record of repaying their dues.

You could be eligible for a pre-approved Bajaj Finserv Personal Loan if:

  • You have a good credit score, i.e. up to 750.
  • You have been diligent in repayment of EMIs and Credit Card bills.
  • You have a steady source of monthly income.
  • You have maintained steady funds above the average monthly balance.

All these factors help pre-approve you for a Personal Loan. The bank would send an email to inform you about the offer. However, you would still need to let the lender verify the documents like Bank Statement, Pan Card, Salary Slip, and Aadhar Card.

Benefits of Pre Approved Loans:

  • When you are preapproved for a loan, you have better negotiation power on the amount, tenor and rate of interest.
  • The loan processing is fast.
  • The rate of interest on pre-approved offers is generally attractive.

Watch Out:

  • The offers are time-bound and would not be available round the year.
  • The offer can be revoked on failure to submit the necessary documents.
  • You must read the terms and conditions carefully. Know about all fees and/ or charges associated with the offer before signing the dotted lines.

Bajaj Finserv Personal Loans for Government Employees

Personal Loans for Government Employees are tailor-made for meeting the financial needs of people employed by State and Central government, including various Public Sector Units. Under this category, a borrower can avail of an instant approval for loan up to Rs 35 lakhs, if they are working in government department and also meet out basic Bajaj Finserv Personal Loan eligibility criteria. The documentation is also minimal. So whether you are working with Railways or a PSU, expect quick loan disbursal within 24 hours of the approval.

Bajaj Finserv Personal Loans for Teachers

Teaching is a noble profession, and by extending customized loans for Teachers, Bajaj Finserv has moved a step ahead of its competition. All educators can avail instant approval and fast disbursal for Bajaj Finserv Personal Loan for Teachers up to Rs 35 lakh. Check Bajaj Finserv Personal Loan Eligibility to apply for loan for teachers.

Bajaj Finserv Personal Loans for Women

Bajaj has always endorsed equal opportunities for both genders. Bajaj Finserv Personal Loans for Women is a significant step in the direction. This Personal Loan category is designed to serve support women meet their aspiration without any hassle. A woman with basic eligibility for Personal Loan can be assured of getting approved for a loan up to Rs 35 lakh.

Bajaj Finserv Personal Loans for Debt Consolidation

Loans are meant for financial freedom, and you must only borrow when you need the amount. Bajaj Finserv Personal Loans for Debt Consolidation is designed to relieve the borrowers of accumulated debt mountain. Here, you can borrow a Personal Loan as a Consolidation Loan and manage the repayment by consolidating existing loans into one.

Bajaj Finserv Personal Loans for Wedding

Bajaj Finserv Personal Loans for weddings are designed to fund the wedding expenses with ease. You can finance all marriage-related expenses with Personal Loan up to Rs 35 lakh. Check the Interest rates for Bajaj Finserv Personal Loan for affordable EMI structure. You can opt for Flexi Loan facility and choose flexible repayment and tenor ranging from 24 months to 60 months. The approval is instant, and disbursal is assured within 24 hours of documentation verification.

Bajaj Finserv Personal Loans for Home Improvement

Personal Loans for Home Improvement are designed to help you spruce up the décor and outlook of your home with the help of quick and easy personal loan up to Rs 35 lakh from Bajaj Finserv. The approval of amount, however, is subject to eligibility for Personal Loan.

Bajaj Finserv Personal Loan for Travel

As Personal Loans from Bajaj Finserv are almost instant, you can plan an exotic vacation without worrying about the cash gap. Depending on your eligibility and repayment capacity, you can apply for Bajaj Finserv Travel Loan for up to Rs 35 lakh online.

Bajaj Finserv Personal Loan for Medical Emergency

Most of our financial decisions and investments revolve around the emergency. However one can never fully plan for unexpected situations. Herein, a Personal Loan from Bajaj Finserv can help you stay afloat and meet the prevailing shortfall of cash for medical treatment without any delay. You can apply for instant Personal Loan for Medical Emergency up to Rs 35 lakh and avail fast credit according to your repayment capacity.

Personal Loan from BFL is a one of the go to loan options. There is no restriction on the purpose of the loan. Both salaried and self-employed professionals can equally benefit from a pool of Bajaj Finserv's financial products.

Bajaj Finserv Personal Loan Eligibility Criteria

The Personal Loan Eligibility Criteria are:

  • Only Indian residents aged between 23 to 58 years can apply.
  • You must be salaried, employed with an MNC, public or private company.
  • You must have a CIBIL score of above 750.
  • The minimum net salary criteria differ from one to another city of work:
    • Rs. 35,000 for Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, Thane.
    • Rs. 30,000 for Ahmedabad and Kolkata.
    • Rs. 28,000 for Jaipur, Chandigarh, Nagpur, Surat, Cochin.
    • Rs. 25,000 for Goa, Bhubaneswar, Vizag, Nasik, Aurangabad, Jamnagar, Kolhapur, Raipur, Madurai, Mysore, Bhopal, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut, Rajkot, Lucknow, Baroda, Indore.

Documents Required for Bajaj Finserv Personal Loan

The documents required for Bajaj Finserv Personal Loan are:

  • KYC documents, such as Aadhar Card, PAN Card or Date of Birth Certificate.
  • Employee ID Card.
  • Address proof, such as Passport, Driving License, Ration Card, latest mobile bill.
  • Last 2 months’ salary slips.
  • Last 3 months’ statements of salary bank account.

How to Apply for Bajaj Finserv Personal Loan on MyMoneyMantra?

Applying for Bajaj Personal Loan on MyMoneyMantra is a cakewalk. It doesn't take more than 60 seconds to raise a loan query on MyMoneyMantra. All you need to do is visit the homepage and begin sharing your loan requirement.

Step 1: Fill data: Loan Category, Loan Amount, Name, Address, Phone Number, Loan Duration, Employment Type and Annual Income.

Step 2: One Time Password is created and sent to a mobile number shared in Step 1.

Step 3: Use the OTP and gain access to the loans according to your choice.

Step 4: We will shortlist best offers from 100+ banks and NBFCs (Non-Banking Financial Companies) according to your credit profile.

Step 5: Our Loan Executive will contact you and guide you about the eligibility and documents for the chosen Bank/NBFC.

Step 6: We will take your query further and connect the chosen lender with you. The lender would contact you for document verification.

Step 7: You can submit the documents and avail a transparent and hassle-free loan processing.

Additional Info: Check Poonawalla Fincorp Personal Loan online.

Difference between Flexi Loan and Term Loan

Basis of DifferenceFlexi LoanTerm Loan
Loan DisbursementThe sanctioned loan is assigned as a credit limit. You can borrow only as much amount as you require.The loan amount is disbursed directly to your loan account.
Fees and ChargesInterest is only chargeable on the utilized loan amount.Interest is charged on the total amount disbursed.
EMIsIn flexi loan, only interest amount can be paid as EMI and the principal amount can be paid at the end of the loan tenure.The EMI is comprised of interest as well as the principal amount.

Bajaj Finserv Personal Loan Customer Care

There are multiple ways to access your account details and make a request to BFL.

Directly through Portal:

Bajaj Finserv customer portal is called Experia. You can view loan details, statement of accounts, interest certificates, no objection certificate, and welcome letter. Right from loan repayment to information update, each request can be processed conveniently on the portal.

Mobile App:

You can view loan account details and carry out transactions with Bajaj Finserv mobile app. 

SMS APP to +91 92275 64444 to download it.

Digital Wallet:

Bajaj Finserv Wallet works as a one-stop payment destination. It is your digital EMI card that offers exclusive offers and services.

Bajaj Finserv Experia App:

Using Experia App, you can access your account on the go. It lets you make repayments without any delay.


If you have any queries or requests you can directly contact Bajaj Finserv Personal Loan Customer Care or write an email at wecare@bajajfinserv.in

All emails are responded within 2 working days.

  • You can also make a direct query on 020 3957 5152.
  • Toll-Free customer care number is: 1800-103-3535

Customer Experience Head: 

In case you do not hear from Bajaj Grievance Redressal Team within 3 working days, write to National Head, Customer Experience at customerexperiencehead@bajajfinserv.in

Also, Check Bajaj Finserv Personal Loan Application Status.

The best offers from India’s most
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Navi Personal Loan @9.9% p.a

Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.9% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.

Bajaj Finserv Personal Loan FAQs

✅ What are benefits of applying online for Bajaj Finserv Personal Loan?


When you apply for Bajaj Finserv Personal loan online, you get instant approval within 5 minutes. The sanction is subject to meeting eligibility standards. Right from verification of documents to loan disbursal, each step closes online. The process is entirely contactless, hassle-free and convenient.

✅ How do I check status of Bajaj Finserv Personal loan online?


To check Personal Loan application status, call customer care on 1800-103-3535 and share your unique reference number (URN). You will receive URN by email or SMS as you submit the loan application. After authentication of request, customer care executive will update about the status of loan application.

✅ What to expect after my loan is approved? How do I get loan details?


After approval of the loan, you will receive a welcome kit on your registered E-mail ID and on Experia portal. The welcome kit includes Loan details; user ID and password for Experia portal; registered bank account details; unique virtual account number; mobile number; reference service guide.

✅ What are the benefits of having access to Experia?


Experia is a self-service account access tool exclusively proposed by Bajaj Finserv to its existing customers. It provides swift and hassle-free online transactions like drawdown and RTGS facility on the portal. So you can pre-pay your BFL loans through net banking without any hassle.

✅ What is the difference between Flexi Personal loan and Term Loan?


Under Flexi Personal Loan, the amount is credited to your Experia Account, and you can use the principal as per the requirement. You have complete flexibility to borrow, pre-pay or re-borrow the loan. There is a drop-line facility within the loan tenor without any additional documentation. You save on interest costs as interest is paid for utilised loan amount only. You can also enjoy 4 years moratorium on principal repayment.

On the other hand, the complete loan amount is disbursed to your bank account in the Term Loan. In the term loan, EMIs constitute both interest and principal component and thus monthly instalments are more expensive than Flexi Loans.

✅ Can I convert Flexi Term Loan to a Term Loan?


Yes. You can write an email to the customer care for converting your loan type. Your consent will be raised, and your flexi Personal Loan will become a Term Loan for 60 months.

✅ Can Bajaj Finserv Flexi Personal Loan facility be ever blocked?


Instances like EMI bounce, plunge in credit score, employment change or inability to update contact details can lead to Flexi Loan cancellation or blockage.

✅ Can I view my EMI status online?


Yes, you can conveniently view Bajaj Finserv Personal Loan EMI status Online by checking statement of account on the customer portal.

✅ Can I prepay a Personal Loan?


You can prepay your Bajaj Finserv Personal Loan 6 times in a year. The minimum prepayment amount should be at least 3 EMIs. You can make the repayments as per your convenience as there is no clause to limit the gap between the two prepayments. Again there is no limitation on the repayment amount. Part prepayment charges will be as follows:
4% of principal outstanding for 13 - 24 months, 3% of principal outstanding for 25 - 36 months, and 2% of principal outstanding for >36 months.

✅ What is the standard CIBIL score required for Bajaj Finserv Personal Loan?


The minimum CIBIL score required for approval of Personal Loan is 750. However, those who meet all other eligibility criteria may still be able to apply for Personal Loan despite the lower score.

✅ How can I pay my Bajaj Finance Personal Loan?


You can easily make your Bajaj Finserv Personal Loan EMI payments through:

  • Bajaj Finserv Experia app
  • NEFT or Bank Transfer
  • Debit cards
  • Credit cards
  • Mobile wallets, like Paytm, MobKwik, etc.