The Bajaj Finserv personal loan is a fast and flexible financial product designed to meet a wide range of personal needs. Whether you want to pay for a wedding, travel, home renovation, or unexpected medical bills, Bajaj Finserv provides quick disbursal, minimal paperwork, and affordable repayment options.
This article covers everything about the Bajaj Finserv personal loan, including interest rates, eligibility, loan application steps, customer support, and status tracking. With simple language and structured sections, this guide will help you make an informed decision.
Key Features of Bajaj Finserv Personal Loan
| Feature | Details |
|---|---|
| Loan Amount | ₹10,000 to ₹40 lakh |
| Interest Rate | Starts from 11% p.a. |
| Loan Tenure | Up to 84 months |
| Processing Fee | Up to 4% of loan amount + GST |
| Disbursal Time | As quick as 24 hours |
| Prepayment Charges | Up to 4% of principal outstanding |
| Application Mode | Online and offline |
Bajaj Finserv Personal Loan Interest Rate vs Other Lenders
| Lender | Interest Rate (p.a.) | Max Loan Amount | Tenure |
|---|---|---|---|
| Bajaj Finserv | 11% – 36% | ₹40 lakh | Up to 84 months |
| HDFC Bank | 10.75% – 17.50% | ₹40 lakh | Up to 60 months |
| Axis Bank | 11.25% – 17.00% | ₹25 lakh | Up to 60 months |
| ICICI Bank | 10.99% – 16.00% | ₹20 lakh | Up to 72 months |
| SBI | 11.15% – 14.30% | ₹20 lakh | Up to 72 months |
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Bajaj Finserv Personal Loan Eligibility
To apply for a personal loan, the applicant must meet the following criteria:
- Age: 21 to 67 years
- Employment: Salaried individuals at a private or public company
- Minimum Monthly Income: ₹22,000 – ₹30,000 (based on location)
- CIBIL Score: 685 or above preferred
- Job Stability: Minimum 1 year of total work experience and at least 6 months with current employer
Use the Bajaj Finserv personal loan eligibility checker tool online to calculate your eligibility instantly.
Documents Required
To apply for the loan, you need to provide the following documents:
- PAN Card
- Aadhaar Card
- Latest salary slips
- Last 3–6 months’ bank statements
- Employment ID or offer letter (if applicable)
- Passport-size photograph
How to Apply – Step-by-Step Guide
Here’s how you can apply for a Bajaj Finserv personal loan:
Step 1: Visit Bajaj Finserv Website or App
Choose “Personal Loan” under the loans menu.
Step 2: Check Eligibility
Use the eligibility checker to see if you qualify. Input your income, age, and location.
Step 3: Fill in the Application Form
Enter your personal and employment details and select the loan amount and tenure.
Step 4: Upload Required Documents
Upload PAN, Aadhaar, bank statements, and salary slips.
Step 5: Loan Approval & Offer
If eligible, you’ll receive a pre-approved offer with details of loan amount, EMI, and Bajaj Finserv personal loan interest rate.
Step 6: Disbursal of Funds
Once you accept the offer and sign the digital agreement, the loan is disbursed in 24 hours (in most cases).
Bajaj Finserv Personal Loan Status Check
After applying, you can easily track your loan status:
- Online: Log in to Bajaj Finserv customer portal
- Mobile App: Use the Finserv MARKETS app to check application progress
- SMS: You may receive real-time SMS updates
- Customer Support: Contact the Bajaj Finserv personal loan customer care number for status or queries
Bajaj Finserv Personal Loan Customer Care Number
If you have questions or face issues during the application or repayment:
- Toll-Free Number: 08698010101
- Timings: 9 AM – 8 PM, Monday to Saturday
- Email Support: Available via their customer portal
Make sure to keep your loan reference number or registered mobile number handy for faster support.
Prepayment and Foreclosure
- Part-Payment: Allowed after paying a minimum number of EMIs (typically 1 year)
- Foreclosure Charges: Up to 4% of the principal outstanding
- Conditions: Usually, you must pay at least 6–12 EMIs before foreclosure
Review your loan agreement carefully to know exact charges.
Bajaj Finserv Personal Loan Reviews
Customer reviews for Bajaj Finserv personal loans are generally positive, especially regarding:
- Fast loan disbursal
- Pre-approved offers for existing customers
- Easy application process
- Good digital support and app interface
However, some customers have reported higher interest rates or processing fees based on their credit profile, so reviewing the final offer is crucial.
Tips to Get the Best Personal Loan Offer
- Maintain a good credit score
- Apply only if you meet the eligibility criteria
- Borrow only what you need
- Choose a shorter tenure to save on interest
- Compare offers before accepting
- Read the full terms of foreclosure and part-payment
Conclusion
The Bajaj Finserv personal loan offers quick funding with minimal paperwork and flexible options. Whether you’re a salaried employee looking for a short-term loan or need funds for big expenses, Bajaj Finserv has a loan product to suit your needs.
With the ability to apply online, check Bajaj Finserv personal loan status, and access support through the Bajaj Finserv personal loan customer care number, the overall experience is smooth and user-friendly.
Always use the Bajaj Finserv personal loan eligibility calculator before applying and read all terms before signing the agreement. With proper planning, this loan can be a smart financial move.