The Bajaj Finserv Personal Loan is aimed at salaried borrowers who want a sizeable amount quickly without visiting a branch. You can borrow up to ₹35 lakh with no collateral, and the whole journey, from application to disbursal, happens online.
Key features
- Loan amount: up to ₹35 lakh, depending on your eligibility.
- Process: 100% digital application and verification.
- Disbursal: funds are released quickly once verification and approval are complete.
- Security: unsecured, so no collateral or guarantor is needed.
- Support: help from a loan expert throughout the process.
Eligibility
| Age | 25 to 57 years |
|---|---|
| Employment | Salaried only |
| Minimum income | ₹15,000 a month |
| Credit score | 685 or above |
Tip: a credit score above 750 and a low existing-EMI burden usually get you a higher amount and a better rate. Check your score before applying so there are no surprises.
Documents you will need
- Identity: PAN card
- Address: Aadhaar, passport, driving licence or voter ID
- Income: salary slips and bank statements for the last 3 months
How much will the EMI be?
Your rate is set after Bajaj Finserv assesses your profile. To help you plan, here is what EMIs look like at an illustrative 12% a year. Your actual rate may be higher or lower.
| Loan amount | Tenure | Monthly EMI | Total interest |
|---|---|---|---|
| ₹2,00,000 | 2 years | ₹9,415 | ₹25,953 |
| ₹5,00,000 | 3 years | ₹16,607 | ₹97,858 |
| ₹5,00,000 | 5 years | ₹11,122 | ₹1,67,333 |
| ₹10,00,000 | 5 years | ₹22,244 | ₹3,34,667 |
A longer tenure lowers the EMI but raises the total interest you pay. Keep your total EMIs under about 40–50% of your take-home pay.
How to apply
- Tap Apply on Bajaj Finserv site on this page to open the official application.
- Enter your details and check your eligible loan amount.
- Upload your documents and complete verification in the same session.
- Review the offered rate, EMI and charges, accept, and get the funds in your bank account.
Who it suits
A good fit for salaried professionals who need a larger amount, for example for a wedding, home renovation, education or consolidating expensive debt, and who have a credit score of 685 or above. Look elsewhere if you are self-employed or under 25, as this offer won’t accept you.
