About Bajaj Finserv Personal Loan

A widely known Indian Nonbanking Financial Company, Bajaj Finserv is a part of the Bajaj Holdings & Investments Ltd. They have more than 20,000 employees at 1400 different locations in India and are heavily engaged in consumer finance businesses, general insurance services and life insurance services.

The company offers multiple personal loan products for specific purposes to salaried employees, for example, general Personal Loan, Personal Loan for Medical Emergency, Personal Loan for Travel and Personal Loan for Wedding. One can easily apply for Bajaj Finserv personal loan online and get an approval (if s/he is eligible) in a matter of few minutes. Following are more details on the Bajaj Finserv personal loan eligibility criteria, loan features and pertinent charges, in case of both self-employed and salaried individuals.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

In order to apply for Bajaj Finserv personal loan, being a salaried individual, you must be between 23 years and 58 years in age. In addition, you must be employed with a well-known MNC, private or public company. You should also be a residing citizen of India. Their personal loans for specific purposes such as for wedding, travel and medical emergency are available only across a select group of cities in India. Hence, you must always cross check before applying for any of these products. Among the self-employed professionals, Bajaj Finserv offers personal loan to doctors who have a certain amount of post-qualification experience under their belt. You can find more information on the latest Bajaj Finserv personal loan eligibility criteria below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

4k – 65k

Minimum Income (Company Secretary / Architect)

4k – 65k

Minimum Income Self Employed (Businessman)

Bajaj Finserv Personal Loan Features / Details

While salaried individuals can apply for a Bajaj Finserv personal loan of up to INR 25 lakh, the limit is set at INR 35 lakh for doctors. There is no need of pledging any collateral or providing a guarantee to avail this loan. The repayment tenure can be anywhere from 12 months to 60 months in case of salaried people and up to 96 months in case of doctors. The company promises loan approval with minimum documentation and in quick time. There are many more Bajaj Finserv personal loan features that you should know about. All these updated features have been detailed below.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Bajaj Finserv Personal Loan Fees / Charges

Bajaj Finserv personal loans come with the promise that there will be no hidden charges in them. A processing fees of 2.25% to 3% of the loan amount is charged if the personal loan is being availed by a salaried individual. For doctors, the processing fees is up to 2%. Several other charges like EMI bounce charges, secure fee, penal interest, late payment fee, part prepayment charges, loan statement charges etc. might apply. The updated details of all these charges are provided below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees