Personal Loan Eligibility and Documents

You can apply for the Bajaj Finserv Personal Loan if you are between the age range of 21 years to 80 years*. Younger applicants generally get a higher loan amount as they have more earning years ahead of them.

The maximum personal loan tenure you can apply for is 96 months.

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

Here is a list of personal loan documents required to apply for a loan:

• Passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
• PAN card
• Employee ID card
• Salary slips of the last 3 months
• Bank account statements of the previous 3 months
• Piped gas bill
• Pension order
• Letter of Allotment of Accommodation Issued by Employer
• Property / Municipal tax receipt
• Utility bill
• Real-time image / photograph
• Ration card

A salaried applicant is required to submit these personal loan documents:

• Passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
• PAN card
• Employee ID card
• Salary slips of the last 3 months
• Bank account statements of the previous 3 months
• Piped gas bill
• Letter of Allotment of Accommodation Issued by Employer
• Property / Municipal tax receipt
• Utility bill
• Real-time image / photograph
• Ration card

Below are the income documents that are required to be submitted when applying for a Bajaj Finserv Personal Loan:

• Salary slips of the last 3 months

• Bank account statements of the previous 3 months

You must submit a copy of your original KYC documents while applying for a personal loan.

Yes, usually after loan sanction and before disbursement, you may need to submit documents like identity proof, or income verification, depending on the lender's requirements. Always check with the lender before applying for a personal loan.

The speed of your personal loan documentation process depends on the lender's policies, your responsiveness, and the complexity of your application. Typically, it can take anywhere from a few hours to a few days for initial approval, and additional time for document verification and processing, varying between lenders.

Obtaining a personal loan without documents is typically not possible with any lender, as documentation is crucial to assess creditworthiness and mitigate the risk of the borrower.