Personal Loan for Mphasis Employees

Personal Loan for Mphasis Employees

Mphasis employees can apply for a Bajaj Finance Personal Loan if they meet the applicable eligibility criteria. You can use the loan for eligible personal expenses without pledging collateral.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

Video

Video

Rs. 40,000 - Rs. 55 lakh

Calculate your EMIs

You may be eligible for a pre-approved offer

Check now

Enter mobile and OTP | Check offer | No branch visit needed

 
 

Last reviewed: September 2026


In Summary

A personal loan can help you manage planned or unexpected expenses while working at Mphasis. Your eligibility and loan terms depend on your profile and applicable criteria.


  • You can apply for Rs. 40,000 to Rs. 55 lakh, subject to eligibility.
  • Interest rates range from 10% and 30.5% p.a.
  • Repayment tenure ranges from 12 months to 108 months.
  • You need a minimum CIBIL Score of 650  or above.
  • You can apply as a salaried employee of a private-sector company.
  • The loan is unsecured, so you do not need to pledge an asset as collateral.
  • You should compare the EMI and total repayment before selecting the loan amount and tenure.

Mphasis operates in India across technology and business services, with offices including Bengaluru, Mumbai, Pune and Noida. Your employment location does not by itself guarantee a particular loan amount or interest rate.

Can you apply for a personal loan as a Mphasis employee?

Yes, you can apply for a Bajaj Finance Personal Loan as a Mphasis employee if you meet the applicable eligibility criteria. Mphasis is a private-sector employer, and Bajaj Finance accepts personal loan applications from employees of public, private and MNC companies.


Your employer name alone does not determine your loan approval, amount or interest rate. The application is assessed based on factors such as your income, employment details, credit profile, existing financial obligations and other applicable requirements.


You can choose a suitable loan amount and repayment tenure based on your financial needs and repayment capacity. The loan amount can range from Rs. 40,000 to Rs. 55 lakh, with tenure ranging from 12 months to 108 months, subject to eligibility and applicable terms.


The personal loan is unsecured, so you do not need to provide collateral. Required documents may include KYC documents, income proof and bank statements, depending on your profile and the verification process.


✅  Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.


Show More Show Less

What are the eligibility criteria?

You need to meet the following basic criteria to apply for a Bajaj Finance Personal Loan:


NationalityIndian
Age21 years to 80 years
Employed withPublic, private, or MNC.
CIBIL Score650 or higher.
Customer profileSelf-employed or Salaried

*You should be 80 years or younger, at the end of the loan tenure.


These are the stated basic eligibility requirements. Additional assessment can apply based on your application and profile.

Show More Show Less

What documents do you need?

Documentation requirements for a Bajaj Finance Personal Loan are minimal. Five document categories are required at the time of application:


Document CategoryAccepted Options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt


 

Know more about the personal loan documents required during application.

Show More Show Less

Interest rates and charges

The interest rate on an online loan app in India varies depending on factors such as your credit profile, income, loan amount, and repayment tenure. Along with the interest rate, borrowers should also review the applicable fees and charges before applying. The table below highlights some of the common charges associated with a personal loan. For the complete schedule of charges, please refer to the existing personal loan interest rates, fees and charges .


ChargesDetails
Interest rateUsually ranges from 10% to 30.5% p.a. , depending on eligibility and lender policies
Processing feeUp to 4.13% of the loan amount (inclusive of applicable taxes).
Loan tenureTypically ranges from 12 months to 108 months
Bounce chargesRs. 700 to Rs. 1,200/- per bounce
Prepayment/foreclosure chargesUp to 4.72% (Inclusive of applicable taxes)
Stamp duty (as per respective state)Payable as per state laws and deducted upfront from loan amount
Show More Show Less

What factors can affect your loan eligibility?

Your personal loan eligibility can depend on several financial and personal factors rather than your employer alone. These factors help assess your repayment capacity and the terms applicable to your application.


These can include:

  • CIBIL Score and credit history: Your credit profile can reflect your past borrowing and repayment behaviour.
  • Monthly income: Your income can help determine the loan amount you may be able to repay.
  • Existing EMIs and financial obligations: Current loan repayments and other commitments can affect your available income.
  • Employment profile: Your employer type, employment details and income stability may be considered during assessment.
  • Requested loan amount: A higher loan amount may require a stronger repayment profile.
  • Selected repayment tenure: The tenure affects your monthly EMI and overall repayment obligation.
  • Documentation and verification: The required documents and verification checks depend on the applicable assessment process.

Bajaj Finance states that factors such as CIBIL Score, income, employment profile, loan amount and tenure can affect the applicable interest rate. Eligibility, loan amount and interest rate remain subject to applicable terms and verification.

Show More Show Less

What can you use a personal loan for?

You can use a personal loan for many personal expenses, such as medical costs, education, home improvements, weddings, travel, and other planned or unexpected needs. As it is generally an unsecured loan, you do not need to provide collateral.


Common uses include:

  • Medical expenses: Pay for treatment, procedures or other healthcare costs.
  • Education: Cover tuition fees, course costs or other education-related expenses.
  • Home renovation: Fund repairs, painting, furniture or other home improvements.
  • Wedding expenses: Manage venue, catering, clothing, jewellery or other wedding costs.
  • Travel: Pay for flights, accommodation, activities and other trip expenses.
  • Emergency expenses: Meet unexpected costs when available savings are not sufficient.
  • Large purchases: Fund certain personal purchases without pledging an asset as security.

With a Bajaj Finance Personal Loan, the loan amount ranges from Rs. 40,000 to Rs. 55 lakh, with tenure ranging from 12 months to 108 months and interest rates from 10% and 30.5% per annum, subject to eligibility and applicable terms. No collateral is required. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

Show More Show Less

How can you apply for a personal loan?

You can apply online by entering your personal, financial and employment details and completing the required KYC verification.


 

  1. Check your loan eligibility – Enter your required loan amount, select the repayment period and click "CHECK LOAN OFFER".
  2. Enter your personal details – Provide your personal, financial and employment details to receive your loan offer.
  3. Review your loan offer – Check the loan amount, interest rate, EMI, tenure and applicable charges.
  4. Complete your KYC verification – Verify your identity and bank details.
  5. Submit your application – Complete the application and follow the next steps communicated to you.


 

Eligible customers can receive funds within 24 hours of approval, subject to document verification, fulfilment of applicable requirements and applicable terms.

Show More Show Less

Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Dropline Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30.5% p.a.

Processing fees

Up to 4.13% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

Not your nearest branch?

Banner_NEW_Storelocator_XAOP_App_27072026.png

Frequently asked questions

Overview

How much personal loan can an Mphasis employee get?

With a Bajaj Finance Personal Loan, you can get funds from Rs. 40,000 to Rs. 55 lakh. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

Show More Show Less

Related articles

a-good-credit-score-can-help-you-get-better-terms-on-your-personal-loan-for-used-car 1

Looking to buy a used car? Here is how a good credit score can help

Read More

 how-to-save-money-on-emi-each-month-by-consolidating-your-debt 2

How to save on EMIs by consolidating your debt

Feb 13, 2026

Read More

 Article 3

Why Should You Use Bajaj Finance Personal Loan to Finance Your Next Vacation?

Aug 31, 2026

Read More

 4-simple-ways-to-manage-your-debt 4

4 simple ways to manage your debt

Jun 29, 2026

Read More

You are here

Related Links

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000