Personal Loan Eligibility & Documents

Applying for a personal loan for salaried employee needs you to furnish some basic documents. You will need to submit the following documents to apply for a personal loan:

• KYC documents such as Aadhaar card, voter ID card and driving license
• Employee ID card
• Last 2 months’ salary slips
• Previous 3 months’ bank account statements of your salary account

Checking the Bajaj Finserv personal loan eligibility is simple and hassle-free. All that you need to do open the eligibility calculator and enter some details such as:

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

Personal loans of up to Rs.25 lakh can help you fulfill a range of financial requirements. These are collateral-free funding sources and hence, you need to submit only minimal documents required for loan. The personal loan documents list accepted as valid proof of income include:

• Salary slips of the previous two months
• The bank account statements of your salaried account for the last 3 months

Tracking your Bajaj Finserv personal loan status is simple and quick. You can check your loan application status by following some easy steps:

• Go to the ‘check your loan application status’ section of the Bajaj Finserv website.
• Click on Case ID/Loan ID/File ID icon. Enter your personal loan Case ID, File ID or Loan ID. You can find these details on your loan form.
• Click on the ‘Submit’ button to arrive at the result.
• You will now be able to check your loan status.

Bajaj Finserv can let you borrow as high as up to Rs.25 lakh. But, the final amount that anyone can apply for depends on his/her loan eligibility. You can simply check personal loan eligibility by using the online personal loan eligibility calculator. It will provide an exact amount that you are eligible for. You can apply for the same amount to get quick approval.

The required minimum salary for personal loans is Rs.25,000 and depends on the city where you live. If you live in Pune and earning Rs.25, 000 per month, then you may not be eligible for personal loans. It is because the minimum salary required in Pune is Rs.35,000. The minimum salary differs from city to city. However, you can always apply for low salary personal loan and get up to Rs.10 lakh. The personal loan below Rs.15,000 salary facility is available at Bajaj Finserv.

The personal loan age limit ranges between 23 and 55 years. The younger you are, the higher a loan amount you can avail because of more workable years left. You can also check your entire loan eligibility using the personal loan eligibility calculator online. It will let you know an exact personal loan amount that you will be eligible for. You can apply for the same amount to avoid the chances of rejections.