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Personal Loan from BAJAJ FINSERV


Bajaj Finserv is part of the well-known Bajaj Holdings and specializes in lending, asset management, wealth management and insurance. It has over 1400 branches across the country and is one of the leading providers of retail finance. Bajaj Finserv gives Personal Loans to borrowers who need funds to meet their urgent requirements. With LoanMoney you can get Personal Loan solutions, which includes information on Personal Loan eligibility criteria, the documentation required, fees and charges etc. You could use your loan amount for home improvement or renovation, for the perfect holiday, purchase of electronics durables, to fund your children's education, for celebrating a child's or sibling's or your own marriage, for working capital for your business, medical emergency, or any other reason.

Bajaj Finserv Personal Loan details through LoanMoney are:

  • Interest Rate: 16%
  • Foreclosure charges: 2% - 3% of the loan amount
  • Processing Fees: * NIL
  • EMI bounce charges: Rs 1,000 for every bounce
  • Maximum Loan Amount: Rs 18 Lakh
  • Repayment Options: 5 years

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  Salaried Self Employed Professional
Age 22- 60 21 - 60 21 -60
Loan Amount 1-18 Lacs 1 - 35 Lacs 1 - 35 Lacs
Tenure  12-60 Months 12 - 36 Months 12 -60 Months
Rate of Interest / APR [Annual Percentage Rate] 11.49% - 20% 18 - 20%
Processing Fees 1.75% 2% 1%
Special Part or Pre Close Anytine at Nil Charges Part or Pre Close Anytine at Nil Charges Part or Pre Close Anytine at Nil Charges
Documentation Salary Slip 3 months; Address Proof; PAN Card; Bank Statement 3 Yrs Audited Financials Audited Financials
  • As Per Net Take home salary. Minimum Salary Rs. 40000/-.
  • Repayment of Total amount [Illustrative] on Rs. 1 Lac loan on @14% with processing Fees for 60 Months comes to Rs. Rs. 1.41 Lacs
  • Turnover above 3 cr
  • Entity in Cash Profit
  • 5 yrs same line Business
  • Cibil History must
  • Receipts above 12 Lacs
  • 2 yrs in profession
  • Cibil History must

  • Salaried Employee for More than 1 yrs
  • Drawing a monthly gross salary of Rs 40,000 or more
  • Have Address Proof
  • Have Identity Proof.
  • Bank Account Salary Transfer

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What is EMI?

EMI stands for Equated Monthly Installment. EMI provides you the ease and benefit of paying back the personal loan amount in smaller  convenient options. This installment consists of both the principal and interest components

Can I foreclose my Salaried Personal Loan?

You can choose to foreclose your loan anytime you want after the payment of your first EMI. What’s more, there are no foreclosure charges.

Can I make part payments on my personal loan?

All our loans come with the Part-Prepayment facility. With this, you can part prepay as much as you want for up to 6 times in a calendar year, post the clearance of your first EMI.\

What are the minimum and maximum loan amounts in Salaried Personal Loans?

We are the only financier in the country to offer as high as 25 lacs of Salaried Personal Loan. You may choose any loan amount ranging from 1 lac to 25 lacs. The final sanction will depend on your income and various other criteria.

What are the tenor options available?

You can choose a tenor ranging from 12 to 60 months depending on your preference and the loan sanctioning conditions.

What are the benefits or advantages of taking a personal loan from Bajaj Finserv Lending?

Please check out the Features and Benefits section for more details.

How do I apply for a Salaried Personal Loan?

You can apply online through our Online Application facility or contact us through various modes mentioned in the Contact Us section

Click Here to Apply


  1. Photograph
  2. Color passport size photograph (signed across the photograph)
  3. Financials
  4. Salary slips of last 3 months
  5. Bank Statements
  6. Continuous recent 3 month bank statement of your salary account
  7. Employment Proof
  8. Employee ID card and visiting card

Work experience documents

  • Current employment Appointment letter / Form 16 / 1 year old salary slip
  • Previous employment:Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip


  • Identity proof
  • Passport / Voters ID card / Driving license / PAN card

Address proof

  • Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR /Admin sign)

Signature proof

  • Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter

Age proof

  • Passport/ PAN Card / Driving license / Birth certificate

Click Here to Apply

Fees and Charges

For instant loan approvals online of up to Rs. 15 lacs
Applicable charges    
Foreclosure charges : 2% - 3% of the loan amount
Processing Fees : * NIL
EMI bounce charges : Rs 1,000 for every bounce
Penal Interest : 2.00% p.m
Interest Rate : 16%
Secure fees : Rs. 999/-


For loan amounts up to Rs. 25 lacs
Applicable charges    
Foreclosure charges : 2% - 3% of the loan amount
Processing Fees : * NIL
EMI bounce charges : Rs 1,000 for every bounce
Penal Interest : 2.00% p.m

Click Here to Apply

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About Bajaj Finserv Personal Loan

Bajaj Finserv was formed in April 2007 as a result of its demerger from Bajaj Auto Limited to further the Group's interests in financial services. This demerger enabled Bajaj Finserv to independently run the core businesses of Lending, Insurance and Wealth Advisory. Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group.

Its insurance joint ventures with Allianz SE, Germany, namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited are engaged in life and general insurance business respectively. Its subsidiary Bajaj Finance Limited is a Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending and wealth management. At Bajaj Finserv, we operate with a simple philosophy of never settling for good, and always aiming for great. Our wide and growing portfolio of products across lending, insurance and wealth advisory bears testimony to this belief.

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Features of BAJAJ FINSERV Personal Loan

Bajaj Finserv Lending Personal Loans comes with the following unique Features:

• Personal Loan Amount ranging between Rs.1 lac to Rs.18 lacs

• Nil foreclosure charges *

• Flexible repayment options of 12 to 60 months

• Personal Loan details and payment options available onlin

Click Here to Apply
Special Features & Benefits of BAJAJ FINSERV
  • Part Prepayment facility * - Now, be rewarded for repaying your loan on time and reduce your EMI or tenor or both by using the part prepayment facility .You can prepay upto 6 times in a calendar year at any interval with the minimum amount per prepay transaction being not less than 3 EMI’s and there is no limit on the maximum amount.
  • Prompt Repayment Benefit - Bajaj Finance offers an exclusive benefit to the customers who pay all their EMI’s on time. Subject to timely clearance and no delays of all EMI’s for total tenor. BFL would refund 1% of the annualized interest amount paid. The same will be paid every 12 months of the total tenor\ • Hassle free documentation & loan approval\ • Door Step Service\ • Direct Credit to your account\ • Attractive & customized life insurance products
Apply BAJAJ FINSERV Personal Loan
Personal Loan Interest Rate
It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.
Home Loan Interest Rate
Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.
Loan Against Property Interest Rate
Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.
Business Loan Interest Rate
A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.
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