Apply for Bajaj Finance Personal Loan Online   4.92 stars, based on 13 reviews

Interest Rate EMI
13.00% - 18.00%


2,275 - 2,539

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 0% after the 1st EMI

Part-Payment Option

Possible after 1st EMI. Minimum part payment to be 3 EMI’s. Part payment allowed 6 times in a year

Max Eligibility: 40,00,000


Increase tenure to reduce EMI/maximize Eligibility.

Interest Rate EMI Processing Fees
13.00% - 18.00%


2,275 - 2,539

(per Lakh)

Bajaj Finserv Personal Loan Overview

A personal loan from Bajaj Finserv will help you complete all your monetary temporary 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 12.99% 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

APR: 12.99% 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 12.99%.
  • Door step service is offered.

Why should you choose Bajaj Finserv Personal Loan?

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 Bajaj Finserv Personal Loan?

You can apply online for an Axis Bank Personal Loan through our website.  Just log on to Finance Buddha and fill in your query on the home page by selecting the Personal Loan Option under ‘I would like to’. Enter the amount of loan you desire and click search. You would be directed to comparison window. Here you need to first fill in your details regarding your company or organization, your loan requirement and any existing EMI`s. After which you shall have the lenders options. Click on Axis Bank and choose Apply Now. 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.

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

Bajaj Finserv Personal Loan Interest Rates, Fees & Charges (updated 16th January, 2019)


Salaried Employees

Self Employed Individuals

Interest Rate

12.99% onwards

12.99% 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


Service type

Interest rate

EMI Bounce Charges

₹1,000 for every bounce

Penal Interest

2% p.m.

Secure Fee Online



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.

How am I being advantaged by applying for personal loan through online?

Through online service it is easy to have instantaneous tracking facility on the loan status and on all transactions. Most banks and NBFC are offering this online service to help its customers to get data faster and also to decrease the emails traffics.

When can I expect the fund from Bajaj Finance post approval of loan?

Money can be expected to be in your account within 72 hours post approval. This is considered as the quickest turnaround time by any NBFC in India.

Why to apply for a personal loan through Finance Buddha?

Helps in comparing details with other banks and it is possible to get expert financial opinions. Plus all these services are offered for free! This will help the customers with personalized and customized services that cater their various needs.

How does Finance Buddha rating and reviews help?

Getting accurate information is very difficult, here customers are given an option to directly rate and write review about the service they obtained from Finance Buddha or Bajaj Finance. This helps other potential customers to understand how good the service is and what can be expected.

Does Bajaj Finance have different types of personal loan?

Yes, you can opt for Flexi-loans which give the advantage and liberty of pre-payment option. This means anytime you have some extra money to close the outstanding loan amount, it can be instantly done.

Is it easy to track online application through mobile?

Yes, very much. The message will be communicated through SMS and emails which can be accessed from mobile phones.

Do I need to produce any collateral or security?

There is no need for any security and guarantee for personal loan with Bajaj Finance. This information is also provided via Finance Buddha. GO through the benefits of Bajaj Finance Personal Loan section.

Do Bajaj Finance and Finance Buddha maintain client confidentiality?

Yes, they are very concentrated on maintaining client confidentiality and are not willing to pay for the penalty for any confidentiality breach. If you choose to opt for a personal loan only from Bajaj Finance, your credentials will be shared to only that particular bank of NBFC by Finance Buddha and not to anyone else. No third party will ever have access to this information.

Where can I get the personal loan application form?

The personal loan application form is made available right in the home page of Finance Buddha site or this can be applied directly through Bajaj Finance website too.


Usually I only write review for my favorite movies, but with the service from Bajaj Finance I was determined to let the world know, this is one of the best banking service I have ever come across. The professional approach towards the customers is the highlight!


My experience with Bajaj Finserv was above my expectation with almost incomparable interest rates and quick smooth loan processing.


For me loan process took 8 days but the rate of interest was not as much as I expected, thus quite happy with the offer and looking forward the flexi-loan option can be used very soon.


I had taken the Flexi-loan personal loan and was able to pre-close my loan today. Till date the service was excellent. 2 years back I took a loan which is pre-closed today with clean records and helpful service.


It was not just the personal loan amount that I was benefited with, a great zeal of service at every step of service offered.


Bajaj Finance not just approved the loan amount but also gave tips and guidelines about applying a personal loan and how to maintain the same. The in depth knowledge about credit scoring helped me understand why good financial track record is essential and what could be the impact.


Rate of interest offered to me was high as compared to other availability but it is worth for the service provided. Very good and professional touch was felt at every aspect.


Right from the first day until the money was in my account I was provided with all information and there were no hidden charges. Very transparent company that offered me loan at 13.5% rate of interest.


Bajaj Finance officials contacted me the very next day I applied for a loan through Finance Buddha. There were no complications at all. Never have I ever had such smooth processing of transaction with any bank or NBFC till date.


My top-up loan request was processed instantly, all necessary documents were collected from my resident and my presence was not a must. This helped me to continue my work and still get the loan amount within 72 hours.


Simple and user-friendly navigating portal which helped me to track the status of my personal through online. There was not need to contact the officials for any need.


Experienced a very professional level of service from the officials of Bajaj Finance. Apart from approving my personal loan within 5 days the status update was also great and impressive.


Had a great experience with Bajaj Finance with regard to my personal loan. The whole process was very fast and organized. I hardly had any doubt or issues with the process