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Bajaj Finserv Personal Loan - Apply Online @12%

4.5 stars based on 31 reviews

How much would you like to borrow?

Choose an amount between ₹50,000 and ₹5,000,000.

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Personal Loan EMI Calculator
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Interest Amount (₹64,888)
Loan Amount (₹5,00,000)
Bank/NBFCInterest RateMin. Loan AmountMax. Loan AmountMin. TenureMax. TenureProcessing Fees Part PaymentApply Now

12.99% - 24%





Up to 3.99% + GST as applicable

Rate of Interest is high ?
Rate of Interest is high ?

Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases

Not getting the desired Loan Amount?
Not getting the desired Loan Amount?

Try Adding the income of a co-applicant like a working spouse

Have multiple existing loans?
Have multiple existing loans?

Financebuddha can help you consolidate all your loans into one to increase your eligibility

Bajaj Finance Personal Loan Details

Bajaj Finserv Personal Loan

A personal loan from Bajaj Finserv will help you complete all your temporary monetary needs. Whether it is a month old holiday that you have in plan or a desire to buy your favorite gadget, it is totally possible with a personal loan from Bajaj Finserv. It’s time to start comparing and choosing the best and Bajaj Finserv offers the best loan amount with low rate of interest. Loans are available as low as from 12% interest rates. The rest is dependent on the credit score and the income of each individual. Find your magical number now through Finance Buddha and make your dream a reality.

Bajaj Finserv Personal Loan Details

Institution Type: NBFC

Minimum Loan Amount: ₹50,000

Maximum Loan Amount: ₹2,500,000

Minimum Tenure: 12 months

Maximum Tenure: 60 months

Interest Rates: 12% onwards

Fees & Charges: Up to 3.99% + GST as applicable

Features of Bajaj Finserv Personal Loan

  • Insurance options for your Personal Loan at attractive premium.
  • Faster processing.
  • Minimal documentation.
  • Sanction approval without any mortgage.
  • Foreclosure options available for FREE!
  • Customized offers for corporate employees & women professionals.
  • Interest is calculated on monthly basis.
  • Quick Loan Disbursal.
  • Convenience of service at your doorstep.
  • Speedy loan approval.
  • Online loan request option available.
  • Low interest rates.

Benefits of Bajaj Finserv Personal Loan

  • Easy documentation, quick processing and good transparency.
  • Maximum Loan up to ₹2,500,000 for 5 years.
  • Flexible Interest Rate and special interest rates for women borrowers.
  • Special offers, interest rates and charges.
  • Very fast loan approvals.
  • Zero Hidden Charges, very lowest processing fee & most convenient repayment options.
  • Can instantly check loan eligibility.
  • It offers personalized loan quotation.
  • Good CIBIL score required.
  • Flexible repayment options from 12 months to 60 months.
  • Borrow up to ₹2,500, 000 easily with just few clicks.
  • Low interest rates from 12%.
  • Door step service is offered.

Bajaj Finserv Personal Loan Interest Rates, Fees & Charges


Salaried Employees

Self Employed Individuals

Interest Rate

12% onwards

12% onwards

Loan Tenure

12 months to 60 months

12 months to 48 months

Loan Amount

Min ₹50,000 and Max ₹2,500,000

Min ₹500,000 and Max ₹3,000,000

Processing Fee

1.99% - 3%



Min 25 years and Max 60 years

Min 25 years and Max 65 years

Prepayment Charges

Allowed after 1 EMI's, can prepay up to 25% in a year without charges

Allowed after 1 EMI's, can prepay up to 25% in a year without charges

Foreclosure Charges

Allowed after 1 EMI's, with 4% charges on outstanding principal

Allowed after 1 EMI's, with 4% charges on outstanding principal

EMI Bounce Charges

₹1,000 for every bounce

₹1,000 for every bounce

Penal Interest

2% p.m.

2% p.m.

Secure Fee Online



Bajaj Finserv Personal Loan Eligibility Criteria

  • The personal loan applicant at Bajaj Finserv should be of a minimum age 25 years and maximum age up to 60 years.
  • The person should have monthly income of at least ₹40,000.
  • The individual should have totally more than 2 years of work experience.
  • He/ she must also have minimum 1 year work experience with their current employer.
  • Credit scoring should be 750 and above.
  • Personal loan amount ranging from ₹50,000 to ₹2,500,000.

Bajaj Finserv Personal Loan Documents Required

For Salaried Employees:

  • Filled up loan application form.
  • 2 Passport Size Photo.
  • Copy of Income Tax PAN.
  • Identity Proof - Passport / Driving License / Voter ID / PAN.
  • Residential Address Proof - Leave and License / Registered Rent Agreement / Utility Bill (up to 3 months old), Passport.
  • Income Documents – 3 months’ pay slip, 2 years Form 16, 3 months bank statement showing salary credit and any EMI debit.

For Self-Employed Professionals:

  • Filled up loan application form.
  • 2 Passport Size Photo.
  • Copy of Income Tax PAN.
  • Identity Proof - Passport / Driving License / Voter ID / PAN.
  • Residential Address Proof - Leave and License / Registered Rent Agreement / Utility Bill (up to 3 months old), Passport.
  • Income Documents – 0 years audited financials, 6 months bank statement.
  • Business proof such as VAT / service tax registration, incorporation details in case of companies, business address proof.

Why should you choose Bajaj Finserv for Personal Loans?

It is possible to get loan amount of up to ₹2,500,000 easily, it gives repayment options with flexibility of up to 60 months, easy repay in EMIs are available. Bajaj Finance Company charges competitive interest rates as compared to many big banks. CIBIL score of 750 is required, only those individuals with good CIBIL score apply in Bajaj Finance. However speedy loan approval is offered along with credit shield and hassle-free personal-loan processing.

There is no doubt Bajaj Finance offer low interest rate to its customers, there are few who have got loan approved even for 16% depending on their credit scoring and other credentials. They scrutinize the documents and financial statement within their experts and also with legal to get clear clarity of the information and will be able to easily pick illegal activities or anything phishing. The high level of scrutiny helps them to offer loan to only right individual thus the chance of the borrowers defaulting payment is also almost NIL.

Bajaj Finance also gives special offers and discounts for its new customers and existing customers. It is said that existing customers get more offers than newbies. This is the very reason why they are able to deliver service with customer satisfaction and also concentrates on customer retention. Many new and old banks are quite concentrated on the new customers while losing the existing ones on the flip side, but Bajaj Finance is not of that category. Even pre-approval is provided for existing customers who have a very good track record of financial payments. Getting a top-up loan is not at all matter here.

The other attractive aspect of Bajaj Finance is their all-time customer support. Irrespective of the time the request is raised, the customer support works 24/7 by helping customers through emails, SMS, toll free numbers and so on. These are the reasons why Finance Buddha has this among other banks and NBFC to offers its customer a good option for personal loan.

How to apply online for a Personal Loan from Bajaj Finserv?

You can apply online for an Axis Bank Personal Loan through our website.  Just fill in your details above. Type in your phone number and an OTP would be generated. Fill in the OTP and you shall be directed to the application page fill in the details and complete the form and submit. Finance Buddha would contact you soon and help you with the loan application process until the loan is disbursed.

Frequently Asked Questions

What is the tenure for Bajaj Finance loan?

This varies from 12 months to 60 months. The applicant can choose the time frame according to their financial commitments.

Up to what amount can we avail personal loan from Bajaj Finance?

Though for salaried individuals the limit is INR 2,500,000 for others it is just INR 18,00,000 only.

How to apply for Bajaj Finance personal loan through Finance Buddha?

Simple go through the eligibility criteria tab of Bajaj Finance in Finance Buddha to get all necessary details. It is advisable to apply for a loan only if there is a probability of getting loan.

Bajaj Finance Personal Loan ReviewsView All

Subramani G

5 / 5

I am settled in Bangalore, am needed a personal loan due to some unexpected financial expenditure. I applied for it from finance buddha website and I was in so much relief as it took only a few minutes to apply for it and within 48 hours I got the money.
Mayura R.

5 / 5

Easy documentation and minimum eligibility criteria is required to avail personal loan through Finance Buddha. I applied it with Bajaj and I am happy for choosing it. It was a smooth process and I got the amount in my bank account within 48 hours.
Sandeep Narayan

5 / 5

My CIBIL was a bit low and because of that my loan application got rejected with another lender. I am thankful to Bajaj that they approved my loan. I got the loan disbursed on 2nd day from which I applied.
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