Personal Loan eligibility and documents

Read on to know the criteria required to apply for our personal loan.

Eligibility criteria and documents required

Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

Eligibility criteria

  • Nationality: Indian
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL score: 685 or higher.
  • Monthly salary: Starting Rs. 25,001, based on the city you live in.

Documents required

  • KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months

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

More details

The city in which you live, and your salary are two of the most important eligibility criteria that you must meet to get a Bajaj Finserv Personal Loan.
We offer personal loans across more than 3,000 cities in India, with minimum salary requirement starting from Rs. 25,001. These requirements vary based on your city of residence.

Click here to check the list of cities in which we offer a personal loan.

Bajaj Finance offers personal loans of up to up to Rs. 40 lakh. You can read about our personal loan interest rate and charges here.

When you’re ready to apply, keep the required documents handy. You will need to upload these after filling in your details in the online application form. After you have submitted your application, one of our representatives will call you to collect the physical copies at your convenience.

*Terms and conditions apply.

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.


Check your personal loan eligibility

Find out how much loan amount you can get.

How to apply for a personal loan

Step-by-step guide to apply for a personal loan

  1. Click on ‘APPLY’ at the top of this page to open our online application form.
  2. Enter your 10-digit mobile number and the OTP sent to your phone.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  4. Now, click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure – you can select tenure options of 6 months to 96 months and click on ‘PROCEED’.
  7. Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.

Frequently asked questions

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

Individuals looking for a personal loan from Bajaj Finance must submit:

  • Passport-size photographs
  • KYC documents – Aadhaar, PAN, voter’s ID, driving license, passport
  • Bank account statements for the previous 3 months
  • Salary slips for the last 3 months
What is the CIBIL score required to be eligible for a Bajaj Finserv Personal Loan?

A CIBIL Score of 685 and above is ideal for getting speedy approval on your Bajaj Finserv Personal Loan application.

How can I check my personal loan eligibility?

To be eligible for our personal loan, you need to meet the five simple eligibility criteria.

Nationality: Indian
Age: 21 years to 80 years**
Employed with: Public, private, or MNC
CIBIL Score: 685 or more
Monthly salary: Starting Rs. 25,001, based on the city you of residence

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

Check the loan amount you can borrow with the help of our personal loan eligibility calculator.

What is the maximum loan amount I can get with a personal loan?

With a Bajaj Finserv Personal Loan, you can get funds of up to Rs. 40 lakh. The loan amount can range from Rs. 1 lakh to Rs. 40 lakh which can be used to pay for all your big or small medical expenses.

What is the minimum age required to be eligible for a personal loan?

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.

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

What is the minimum salary required for a personal loan?

A minimum salary of Rs. 25,001 is required for availing of a Bajaj Finserv Personal Loan. However, it may vary depending on the city where you live.

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