Features and benefits of salaried personal loan

  • Minimal documents

    Minimal documents

    You are only required to submit your identity and income proof to avail of a personal loan for salaried.

  • High-value loan amount

    High-value loan amount

    Avail of high-value personal loans of up to Rs. 40 lakh and meet all your financial requirements easily.

  • Doorstep document collection

    Doorstep document collection

    Our representatives collect the required documents from your residence and complete the process for your convenience.

  • Swift approval and disbursal

    Swift approval and disbursal

    Bajaj Finance Limited grants quick approval for personal loans for salaried employees. Fill in the simple application form to get a loan and swiftly receive the necessary funds.

  • Transparent process

    Transparent process

    Bajaj Finance Limited is a trusted financial service provider with 100% transparent terms. Check all related charges before applying for a personal loan for salaried.

Salaried professionals usually have a fixed monthly income which may not always be sufficient to take care of emergencies.

Hence, we provide a personal loan for salaried employees to help you meet various unplanned or planned expenses like a medical emergency, home renovation, debt consolidation, wedding expenses, etc. Managing these high-value expenses with a monthly salary can be challenging and might force you to dig into your savings.

However, you can avoid such a situation by availing of a Bajaj Finserv Personal Loan for salaried employees. This loan can be availed by an individual working at a private or public firm or an MNC. You can get up to Rs. 40 lakh at attractive interest rates and flexible repayment tenures. Read on to learn about our eligibility criteria.

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Personal loan eligibility criteria for a salaried person

You can avail of a best personal loan for a salaried person from Bajaj Finserv if you meet the following eligibility criteria:

  • Nationality


    Indian resident

  • Age limit

    Age limit

    21 years to 80 years*

  • Employment status

    Employment status

    Salaried employee of an MNC, public or private limited company

  • CIBIL Score

    CIBIL Score

    685 or higher

Documents Required for a Salaried Personal Loan

Following set of documents are required to complete your application process for the loan for salaried employee

  • 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

City name

Minimum salary

Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, Thane

Rs. 35,000

Jaipur, Chandigarh, Nagpur, Surat, Cochin

Rs. 28,000

Goa, Lucknow, Baroda, Indore, Bhubaneswar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal

Rs. 25,000

Individuals working at reputable private or public limited companies or MNCs can get a high-value instant personal loan for salaried from Bajaj Finserv. You can also calculate the EMI on your personal loan using our online EMI calculator to estimate the repayment amount.

To avail of a salaried personal loan at attractive rates, it is important to improve your credit rating and eligibility. One of the many ways to do so is by paying dues on time. This helps boost the CIBIL score. Use the online eligibility calculator for a better understanding.

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Interest Rates and Charges For a Salaried Personal Loan

Bajaj Finance Limited offers personal loans for salaried employees at reasonable interest rates starting at 11%. Read about personal loan interest rates and look at the additional charges before applying to know the total cost of borrowing.

Frequently asked questions

What is a personal loan for salaried?

A personal loan for salaried individuals is an unsecured loan offered by lenders, allowing employees to borrow a lump sum amount based on their income and creditworthiness. Unlike specific purpose loans, such as home or car loans, personal loans can be used for various needs, such as emergencies, education, or weddings with fixed repayment terms and interest rates.

What is the tenure for a personal loan for salaried?

Bajaj Finance Personal loan can be repaid over the loan tenure of 96 months.

How can I use the personal loan for salaried?

A personal loan for salaried individuals can be used for a variety of purposes, including home renovations, medical expenses, or even education fees. The flexibility of personal loans allows borrowers to address diverse financial needs, making it a versatile solution for different situations.

What charges do I have to pay when taking a personal loan for salaried employees?

Depending on the situation, you may be required to pay additional charges on your personal loan. These include bounce charges (in case of a bounced cheque or missed EMI), processing fees for the loan, part-prepayment or foreclosure charges, and others.

Read the complete list of processing fees and charges applicable to your personal loan.

Can I foreclose or part-prepay the personal loan for salaried employees?

Yes, you have the option of foreclosing or part-prepaying your personal loan. Please visit our customer portal - My Account, to initiate the same.

How much loan amount should I borrow as a salaried person?

It is always advisable that you borrow only what you need. This way, you will be able to manage the repayment effortlessly. You can also use our Personal Loan EMI Calculator to estimate your monthly instalments and repayment capacity before you apply for a loan for salaried employees.

How do I apply for a loan for salaried employees?

Applying for an online salaried personal loan with Bajaj Finserv is simple. To get started, click on the ' APPLY ONLINE ' button and follow the suggested instructions. We recommend you keep your essential documents (Aadhaar card, PAN card, passport, etc.) ready as you will need to upload the same. You can also visit your nearest Bajaj Finserv branch to apply for a salaried personal loan.

How long does the personal loan application process take for salaried employees?

The application process for a personal loan for salaried employees is quick and easy. All you need to do is follow a few simple steps. If you meet the eligibility criteria and provide all the necessary documents, you can expect approval within 5 minutes.

What is the eligibility criteria for a loan for salaried employees?

Any individual who meets the eligibility criteria can avail of a salaried personal loan with Bajaj Finance Limited. To be eligible for our personal loan, you need to fulfil the following criteria:

Nationality: IndianAny
individual who meets the eligibility criteria can avail of a personal loan with
Bajaj Finance Limited.
Age: 21 years to 80 years*
Employment: Salaried employee of an MNC, public or private limited company
CIBIL Score: 685 or higher

How soon can I get a personal loan for a salaried employee?

Your Bajaj Finserv Personal Loan amount will be credited to your bank account within 24 hours* of approval.
*Terms and conditions apply.

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