A Step by Step Guide to Applying for a Bajaj Finserv Personal Loan
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A Step by Step Guide to Applying for a Bajaj Finserv Personal Loan

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A Step by Step Guide to Applying for a Bajaj Finserv Personal Loan

  • 2 min read

  • Highlights

  • 4 steps for Bajaj Finserv personal loan

  • Instant online approval within 5 minutes

  • Several calculators to make borrowing easy

  • Money in bank account within 24 hours

Personal loans come handy when you have those additional expenses cropping up. You may have to pay for hiked insurance premiums, medical costs, travel, gifts for weddings, renovation and others. You get Bajaj Finserv Personal Loan online by following these four simple steps.

You Are Just 4 Steps Away from Bajaj Finserv Personal Loan:


1. Fill Details

When you apply for personal loan online, you are directed to a form. You have to fill in your personal, financial, and employment details. Minimum net salary as per the city of residence, and age are few of the criteria for personal loan eligibility. The details should be accurate, or the chances of your loan rejection might increase.

2. Select the Loan Amount and Tenor

The next step is to fill the desired loan amount, and tenor to get instant online approval. If you are not sure which tenor to choose, or what EMIs you need to pay, you can use the EMI calculators.

Bajaj Finserv offers flexi term loan, and flexi interest-only loan. Each of them has their own calculators to help you understand your EMI payments. Depending on your payment capability you can choose one of these loan facilities. In flexi term loan, the EMIs consists of both the interest, and the principal. However, if you want lighter EMIs you can repay the principal at the end of the loan tenor with flexi interest-only loan. In this facility, the EMIs comprises only the interest component.

Personal loan eligibility calculator will give you an idea of the maximum loan amount you can borrow based on certain criteria such as:

-  Your salary
-  Combined monthly loan EMIs
-  Combined outstanding on credit card

Flexi Loan Explained

5 Reasons to apply for a Personal Loan online

3. Submit the Required Documents

Bajaj Finserv provides doorstep service, where the representatives visit your premises, and collect the documents. Since the personal loans are collateral-free, you need minimum documentation. Some of these documents include:

-  KYC documents
-  Employee ID card

-  Salary slips of the previous 12 months
-  Bank account statements of your salary account, for the previous 3 months

Additional documents may be required for loan processing.
Additional Read: What Fees and Charges Involved In a Personal Loan

4. Quick Disbursal

Once the documents are submitted, you receive the money in your bank account within 24 hours.

Apply online for unsecured personal loans by Bajaj Finserv with these 4 simple steps.

Apply for Personal Loan

Personal Loan Instant Approval

Please enter your first and last name
Please enter 10 digit mobile number
Please enter valid Office Email ID
Please select your employer name from list

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