How to Get a Bajaj Finserv Personal Loan: Features, Eligibility, and Application Process in 2025

Bajaj Finserv Personal Loan:Bajaj Finserv Personal Loan is an excellent financial solution for individuals seeking quick and hassle-free access to funds. Whether you need to cover wedding expenses, education fees, or unexpected emergencies, Bajaj Finserv offers a seamless way to achieve your financial goals. This comprehensive guide will explain the loan’s features, benefits, and step-by-step application process to help you make an informed decision.

Features of Bajaj Finserv Personal Loan

Loan Amount and Tenure Options

Loan Amount: ₹20,000 – ₹40 lakh
Flexible Repayment Tenure: 12 to 96 months

Competitive Interest Rates

Interest Rate: 11% – 32%, based on credit score and eligibility
Lower rates available for individuals with a strong credit profile

Minimal Documentation

Required documents include identity proof, address proof, and income proof
Simplified approval process ensures faster access to funds

Quick Disbursal

Loan disbursal within 24 hours of approval
Online application process for added convenience

No Collateral Required

Unsecured loan with no need for property or security as collateral

Pre-Approved Offers

Exclusive pre-approved offers for existing Bajaj Finserv customers
Faster approvals and minimal processing time

Benefits of Choosing Bajaj Finserv Personal Loan

Flexible Repayment Options
Bajaj Finserv allows borrowers to customize their repayment schedule based on their financial situation, reducing financial strain.
Hassle-Free Online Process
The entire loan process, from application to disbursal, is conducted online, eliminating the need for in-person visits.
Tailored Loan Offers
Borrowers can select from various loan options such as Flexi Hybrid Loan, Flexi Term Loan, or Term Loan, depending on their needs.
Transparent Charges
All applicable charges, including processing fees, are transparently communicated upfront.
Emergency Fund Access
The quick disbursal feature ensures funds are available when you need them most.

Details of Bajaj Finserv Personal Loan Charges

Fee/Charge	Amount
Loan Amount	₹20,000 – ₹40 lakh
Interest Rate	11% – 32%
Tenure	12 – 96 months
Processing Fees	Up to 3.93% of the loan amount
Bounce Charges	₹700 – ₹1200
Prepayment Charges	4.72%

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

Step 1: Fill in Personal Details
Visit the Bajaj Finserv website or mobile app and click on the “Apply” button. Enter your personal details, including name, gender, date of birth, PAN number, and city of residence.

Step 2: Provide Employment Details
Select your employment type: salaried or self-employed. For business owners, include details such as business type, annual turnover, and operational years. Salaried individuals must provide employer details.

Step 3: Income Verification
Upload your recent bank statements or connect through net banking to verify your income.

Step 4: Add Office Address
Provide your office address for further verification.

Step 5: Choose Loan Offers
Based on your profile, Bajaj Finserv will display tailored loan options. Review the offers and select one that best suits your needs.

Step 6: Complete KYC Verification
Use DigiLocker to verify your Aadhaar card details. Enter your Aadhaar number and complete the OTP-based verification process. Provide additional details such as family member information for final verification.

Step 7: Bank Account Verification
Add your bank account details where the loan amount will be credited. Bajaj Finserv will credit ₹1 to verify your account before transferring the remaining loan amount.

Note: For high-value loans, Bajaj Finserv may send representatives to collect or verify documents at your residence.

Why Bajaj Finserv Personal Loan Stands Out

Fast Processing: Get funds within 24 hours of approval.
No Collateral Required: Ideal for those without assets to pledge.
Customizable Tenures: Tailor your repayment period to your financial needs.
Special Offers for Existing Customers: Enjoy faster approvals and exclusive deals.

Eligibility Criteria for Bajaj Finserv Personal Loan

To qualify for a Bajaj Finserv Personal Loan, applicants must meet the following criteria:

Age: 21 to 60 years
Employment: Salaried or self-employed individuals
Credit Score: Preferably 750 or higher for better terms
Minimum Income: Varies based on city and employment type

Example Loan Calculation

Let’s assume you borrow ₹10,000 at an interest rate of 1.5% per month for 3 months.

Total Repayment Amount = Principal + Interest
Interest = ₹10,000 x 1.5% x 3 = ₹450
Total Repayment = ₹10,000 + ₹450 = ₹10,450

Conclusion–Bajaj Finserv Personal Loan

Bajaj Finserv Personal Loan is a reliable financial solution for individuals seeking fast, flexible, and hassle-free loans. With competitive interest rates, quick disbursal, and minimal documentation, it caters to a wide range of financial needs. Whether you’re planning a wedding, funding education, or managing an emergency, Bajaj Finserv ensures you have the resources to achieve your goals.

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