Eligibility criteria for personal loan

  • Nationality

    Nationality

    Indian
  • Age

    Age

    21 years to 67 years*

  • Work status

    Work status

    Salaried

  • Employment

    Employment

    MNC, public or private company
  • Salary

    Salary

    Rs. 22,000 or higher, based on your city of employment

  • CIBIL score

    CIBIL score

    750 or higher

The minimum monthly salary required for applicants from cities like Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, Thane is Rs. 35,000.

Residents of AhmedabadKolkata applying for a personal loan should be earning Rs. 30,000 per month.

Applicants from JaipurChandigarhNagpurSuratCochin should be earning at least Rs. 28,000 per month.

Residents of centers such as Goa, Lucknow, Baroda, Indore, Bhubaneswar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut, Rajkot should have a minimum monthly income of Rs. 25,000.

Customers looking to avail of a personal loan from other cities including Bidar, Mandya, Bhadrak, Balangir, Hassan, Junagadh, Chalisgaon, Godhra, Gandhidham, Pen and others should be earning a minimum salary of Rs. 22,000 per month. For a complete list of our locations, please click here.

Documents required for personal loan

You need the following documents while applying for a Bajaj Finserv Personal Loan:

  • KYC documents
  • Employee ID card
  • Salary slips of the last 2 months
  • Bank account statements of the previous 3 months

To qualify for a Bajaj Finserv Personal Loan, you only need to meet the eligibility parameters stated above. The minimum monthly salary criteria are based on the city you reside. While you are required to submit proof of your income, we try to ensure the process is as streamlined and hassle-free as possible with minimal documents.

Keep your basic KYC documents and bank statements handy when filling out the application form. On verification of your documents, your application will be approved, and you can get your personal loan in your bank account within 24 hours* of approval.

*Conditions apply

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Frequently asked questions

What documents are required for a personal loan for a salaried applicant?

To avail of a Bajaj Finserv Personal Loan, you require:

  • KYC documents such as PAN, Aadhaar, driving license, voter's ID, or a passport
  • Bank account details
  • Employee ID card
What is the CIBIL score required to be eligible for a Bajaj Finserv Personal Loan?

A CIBIL score of 750 and above is ideal for getting speedy approval on your Bajaj Finserv Personal Loan application. You can check your CIBIL score here with Bajaj Finserv for free.

How can I check my Bajaj Finserv Personal Loan eligibility?

To check your eligibility instantly, click here to open the personal loan eligibility calculator and enter these simple details:

  • Your current city of residence
  • Date of birth
  • Monthly income
  • Monthly expenses

You will instantly see the loan amount you are eligible for. Click 'Apply Online' to start your personal loan application.

How much personal loan finance am I eligible for?

While Bajaj Finserv Personal Loan allows you to borrow up to Rs. 25 lakh, the loan amount you can apply for depends on your eligibility. To check the exact amount, use the Personal Loan Eligibility Calculator.

What is the age limit to get a personal loan?

You can apply for the Bajaj Finserv Personal Loan as long as you are between the age range of 21 years to 67 years*. Younger applicants generally get a higher loan amount as they have more earning years ahead of them.

What is the minimum salary required for a personal loan?

The minimum salary requirement for a Bajaj Finserv Personal Loan is Rs. 25,000 and depends on the city where you live. It is Rs. 30,000 for cities like Ahmedabad and Kolkata and Rs. 35,000 for cities like Bangalore, Delhi, Mumbai, or Pune. If you earn less than Rs. 25,000 a month, you can always apply for a low-salary personal loan and avail up to Rs. 10 lakh.

For more details, see:

Personal loan for salary less than Rs. 10,000

Personal loan for salary less than Rs. 12,000

Personal loan for salary less than Rs. 15,000

Personal loan for salary less than Rs. 20,000

How to check my Bajaj Finserv Personal Loan status online?

Check the status of your loan application via the Bajaj Finserv website by following these simple steps:

  • Visit bajajfinserv.in, select ‘My Account,’ and click on ‘Customer Portal.’
  • You will be redirected to the login page of Experia. Log in with your username and password
  • Upon logging in, select ‘Track Application.’
  • Verify your identity with an OTP sent to your registered mobile number to view your personal loan application status

To check your personal loan application status via app or offline, read this guide.

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