Eligibility criteria for personal loan
-
Indian
Nationality
-
Age
21 years to 67 years*
-
Work status
Salaried
-
MNC, public or private company
Employment
-
Salary
Rs. 22,000 or higher, based on your city of employment
-
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 Ahmedabad, Kolkata applying for a personal loan should be earning Rs. 30,000 per month.
Applicants from Jaipur, Chandigarh, Nagpur, Surat, Cochin 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
Frequently asked questions
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
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.
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.
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.
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.
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
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.
