If you’re thinking of going for a personal loan, Bajaj Finserv is a name you can trust to meet your financial requirements quickly and conveniently. In this article, we are going to take you through all the details you need to know about Bajaj Finserv Personal Loans, starting from eligibility and documentation, the application procedure, and the peculiarities of the loan. So, without further ado, let us get started!
Why Should You Choose Bajaj Finserv for Your Loan?
Bajaj Finserv is one of the top-tier Non-Banking Financial Companies (NBFCs) in India dispensing all kinds of financial solutions. Whether funds are required for medical emergencies, studies, travel, or any other personal expense, a personal loan from Bajaj Finserv ranging from ₹50,000 to ₹10 lakhs depending on one’s profile is there to meet your personal needs quickly and without any hassles.
Bajaj Finserv Personal Loan Details
| Name of the financial institution | Bajaj Finserv |
| Topic of the article | Bajaj Finserv Personal Loan |
| Maximum loan amount | 20 lakhs |
| interest rate | 11% to 31% |
| official website | www.bajajfinserv.in |
Key Features of Bajaj Finserv Personal Loan
- Flexible Loan Amount: Choose between ₹50,000 and ₹10 lakhs (up to ₹55 lakhs if secured by property).
- Quick Disbursal: Your account will be credited with funds within 24 hours.
- Don’t Worry About a Low CIBIL Score! Bajaj Finserv grants loans with a minimum CIBIL score of 650.
- Pre-Approved Loans: If you’re eligible, disbursement of funds can be made within just a few hours.
- No Criteria Based on Income: Applicants with lower income can get higher loan amounts considering their needs.
Documents Required for Bajaj Finserv Personal Loan
These are the documents required for a Bajaj Finserv Personal Loan application:
- Aadhaar card
- PAN card
- Identity proof (Passport, Voter ID, or Driving License)
- Bank Account Passbook
- Income Certificate/ Salary slips
- Bank statements (last 3-6 months)
- Passport-sized photos
Lastly, whoever applies for the loan will also provide proof of a stable income source, as this helps the applicant in convincing the banks for approval of the loan.
How to Apply Online for Bajaj Finserv Personal Loan
Applications can be made for Bajaj Finserv Personal Loans through the following easy steps:
- Download the App: Download Bajaj Finserv App from Google Play Store or Apple App Store.
- Log In: Log in using the registered mobile number through OTP.
- Select the Loan Option: Choose from Personal Loan, Instant Personal Loan, or Pre-Approved Personal Loan.
- Fill In the Loan Details: Enter the loan amount and check for the applicable interest rate.
- Upload Documents: All the required documents in PDF size format should be uploaded as per the size restrictions.
- Submit Application: After submission, you will wait for approval; the loan amount will be paid into your account after verification.
Eligibility Requirements for Bajaj Finserv Personal Loan
To be eligible for a Bajaj Finserv Personal Loan, the following conditions must be fulfilled:
- Undertaking a fixed source of income.
- A Permanent Resident of India.
- Holding a valid account with any bank recognized by the Government.
- Not being under the category of “legally bankrupt”.
- Not having any outstanding personal loans with Bajaj Finserv.