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Bajaj Finserv Personal Loan

Bajaj Finserv Personal Loan Apply Online

Bajaj Finserv offers personal loans to salaried and self-employed applicants at 11% per annum onwards for loan amounts of up to Rs.35 lakh and for tenures of up to 7 years. It provides instant personal loan approval and disbursement with minimal documentation. Bajaj Finserv also offers pre-approved personal loans offer to selected existing customers as well as new customers.

Bajaj Finserv Personal Loan Overview


Salaried or Self-employed

Loan Amount

Up to Rs.35 Lakhs

Repayment Tenure

1 to 7 years

Interest Rate

11% p.a. onwards

Processing Fees

Up to 4% of the loan amount (including GST)

Age Limit

21 years to 70 years

Minimum Income

Rs.22,000 per month

Bajaj Finserv provides personal loans to cover all your immediate goals like education expenses, medical needs, home expenditures, and wedding costs. They grant personal loans to Doctors and Chartered Accountants.

Key Features or Benefits: Bajaj Finserv Personal Loan

Bajaj Finserv Personal Loan Eligibility Criteria

Bajaj Finserv personal loan eligibility criteria are fixed on the basis of age, occupation, monthly income, CIBIL score, and nationality of its applicants. Mentioned below are the loan eligibility criteria set by them.

1. Salaried and Self-employed applicants (Professional/Non-professional)

City-Wise Minimum Salary Requirement

The city in which you’re living and your current salary are the two important criteria to avail loan from Bajaj Finserv. They offer personal loans across more than 3,000 cities in India.

Check the below information to get an idea about their salary eligibility.

  1. The personal loan applicants from cities like Bangalore, Pune, Noida, Mumbai, Thane, Delhi, Coimbatore, Chennai, and Hyderabad, the minimum required monthly income is Rs.35,000
  2. Ahmedabad, Kolkata- Minimum monthly income is Rs.30,000
  3. In the case of personal loan applicants from Jaipur, Nagpur, Cochin, Chandigarh, and Surat, the minimum  monthly income should be Rs.28,000
  4. Rs.25,000 per month for cities like Lucknow, Goa, Baroda, Vizag, Bhubaneshwar, Nasik, Aurangabad, Bhopal, Madurai, Mysore, Indore, Kolhapur, Jamnagar, Trichy, Jodhpur, Calicut, Raipur, and Rajkot.
  5. Loan applicants from Junagarh, Hassan, Balangir, Gandhidham, and Godhra should have a minimum monthly income of Rs.22,000 per month.

2. Eligibility Criteria for Doctors

3. Eligibility Criteria for Chartered Accountants

Mandatory Documents Required for Bajaj Finserv Personal Loan

Here is the list of required documents while applying for a personal loan with Bajaj Finserv.

1. Salaried and Self-employed applicants (Professional/Non-professional)

2. Documents required for doctors

3. Documents required for Chartered Accountant

Steps-by-Step Guide to Apply for a Bajaj Finserv Personal Loan

Step1. Click on the apply button ( at the top of the Bajaj Finserv official website to open their online application form.

Step2. Enter your mobile number and verify the OTP sent to your phone.

Step3. Fill in the application form with all your basic details like your name, income, occupation, date of birth, PAN details, address, etc.

Step4. Next, click on the ‘PROCEED’ button to visit the loan selection page.

Step5. Enter the required loan amount and choose from their three personal loan variants- term, Flexi term, and Flexi hybrid.

Step6. Choose the loan repayment tenure; you can select the tenure options varying between 1 year to 7 years and click on the ‘PROCEED’ button.

Step7. Complete all your KYC and submit your loan application.

Bajaj Finserv representative will guide you on the further steps. The applied loan amount will be transferred to your bank account upon the successful verification of your details and documents.

Bajaj Finserv Personal Loan: Interest Rate, Processing Fees, and Other Fees and Charges

Bajaj Finserv chargeable interest rates would depend on various criteria such as credit score, age, employment, present income, and debt-to-income ratio. The existing customers may offer more favourable interest rates.

1. Fees and Charges for Salaried and Self-employed Applicants

Interest Rate

11% Onwards

Processing fees

Up to 4% of the loan amount + GST

Penal Interest

3.50% p.m. on the outstanding EMI

Part pre-payment Charges

2% + taxes

Bounce Charges

Rs.600-Rs.1,200 per bounce + applicable taxes

Flexi Fee

Term loan- not applicable

Flexi variant (as applicable below)

Rs.1999+taxes for loan amount up to Rs.1,99,999/-

Rs.3999+taxes for loan amount>=2 Lakhs & <4 Lakhs

Rs.5999+taxes for loan amount>=4 Lakhs & <6 Lakhs

Rs.6999+taxes for loan amount>=6 Lakhs & <10 Lakhs

Rs.7999+taxes for loan amount>=10 Lakhs

It will be deducted upfront from the loan amount

Stamp Duty

At actuals (as per state)

Mandate Rejection Charges

Rs.450 p.m. + applicable taxes

Annual Maintenance Charges

Flexi term- 0.295% (including applicable taxes)

Flexi Hybrid Loan- 0.295% (including applicable taxes)

Foreclosure Charges

Term Loan- 4.72%+taxes (on the principal outstanding amount).

Flexi term and Flexi hybrid loan- 4.72%+taxes (on total withdrawable amount)

Part Prepayment Charges

4.72% (including applicable taxes)

Rs.50 is charged for Documents/Statement Charges/Account Statement/Repayment Schedule/Foreclosure Letter/Interest Certificate/No dues certificates or, Documents list

2. Fees and Charges for Doctors and Chartered Accountants

Interest Rate

13% to 18% per annum

Processing Fee

Up to 2.95% (including applicable taxes)

Late Payment Penalty

3.50% per month

Bounce Charges

Rs.1500 + Taxes

For Example- Riddhi avails a personal loan for Rs.10 Lakhs, the interest rate is 11% and the repayment period is 24 months. Calculate EMIs, total interest payable, and the total personal loan amount.

Types of Bajaj Finserv Personal Loan

Various types of personal loans are provided by Bajaj Finserv to their customers. To know more details read below.

1. Three unique variants of personal loan

They are providing 3 different kinds of personal loan schemes. These are- Term loans, Flexi term loans, and Flexi hybrid loans.

2. Other Personal Loans

3. Personal Loans for Doctors

Purpose- Personal loan for doctors is provided for financing the essential needs of doctors including the enhancement of their medical practice.

4. Personal Loans for Chartered Accountants

Purpose- Bajaj Finserv provides personal Loans for meeting the planned or unplanned needs of chartered accountants. The need can be of any kind whether it is personal or professional.

Pros and Cons of Bajaj Finserv Personal Loan

Following are the pros and cons of availing of a personal loan from Bajaj Finserv including a review of the users.



3 unique personal loan variants are available

Difficulty in exploring and using the app

Single platform for various financial needs

Customers are not happy with services

No hidden charges

Technical problems in using the app

They provide offers for new customers as well


No prepayment charge on a flexi-term loan


Bajaj Finserv Personal Loan Comparison with Other Lenders

Here is the comparison chart of Bajaj finserv with the top lenders based on the interest rate, loan amount, processing fees, and all other applicable charges. To meet your urgencies you need to compare with various personal loan lenders.


Loan Amount

Interest Rates

Loan Tenure

Bajaj Finserv

Up to Rs.35 Lakhs

11% Onwards

1 to 7 years

Tata Capital

Rs.75,000 to Rs.35 Lakhs

10.99% p.a. onwards

Up to 6 years

Kotak Mahindra

Rs.50,000 to Rs.25 Lakhs

Starts at 10.99% p.a.

1 to 5 years

HDB Financial Services

Up to Rs.20 Lakhs

Up to 36% p.a.

1 to 5 years


Rs.50,000 to Rs.50 Lakhs

Starts at 10.75% p.a.

1 to 6 years

Punjab National Bank

Up to 20 Lakhs

9.80%-16.35% p.a.

Up to 7 years


Up to 5 Lakhs

1.4% - 2.3% p.m.

3 to 60 months


Rs.5000 to Rs.5 Lakh

Starts at 16% p.a.

Up to 5 years

IndusInd Bank

Rs.30,000 - 50 Lakhs

10.49% to 29.5% p.a.

1 to 5 years

Bajaj Finserv Ratings & Review

The rating given by the customers on the Bajaj Finserv app is great on google playstore, More than 5 Crore users downloaded their app, and customers are happy with their product you can see the app review and ratings below.

Google Playstore Rating


Number of App Downloads

5 Crore+

Number of Users Review 


Content rating


App Size

17 MB

Bajaj Finserv Customer Care Details

Conclusion- Bajaj Finserv offers loan amounts of up to 35 Lakhs to salaried, self-employed (professionals/Non-professionals), Doctors, and Chartered Accountants. Users are satisfied with their large number of financial products. Their interest rates are affordable and they don’t have any hidden charges. You can check all reviews on google playstore for better assessment.

Users are facing some technical issues in using the app and are not highly happy with their customer service. The number of users is high. To get a personal loan as per the need you must read about various personal loan lenders.

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