Features and benefits of salaried personal loan
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Minimal documents
You are only required to submit your identity and income proof to avail of a personal loan for salaried.
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High-value loan amount
Avail of a high-value personal loan of up to Rs. 40 lakh and meet all your financial requirements easily.
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Doorstep document collection
Our representatives collect the required documents from your residence and complete the process for your convenience.
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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.
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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. 55 lakh at attractive interest rates and flexible repayment tenures. Read on to learn about our eligibility criteria.
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:
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Nationality
Indian resident
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Age limit
21 years to 80 years*
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Employment status
Salaried employee of an MNC, public or private limited company
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CIBIL Score
685 or higher
Documents Required for a Salaried Personal Loan
To complete the application process for a loan for salaried employee, you must provide a standard set of personal loan documents. These documents help to assess the financial credibility of salaried individuals, ensuring faster approval and smooth disbursal of funds.
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
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 loan eligibility calculator for a better understanding.
Interest Rates and Charges For a Salaried Personal Loan
Bajaj Finance Limited offers personal loans for salaried employees at reasonable interest rates starting at 10%. Read about personal loan interest rates and look at the additional charges before applying to know the total cost of borrowing.
How to apply for a personal loan for salaried
Applying for a salaried loan online is simple and time-efficient. With Bajaj Finance, you can avail an instant personal loan for salaried employees through a seamless digital process that requires minimal effort. Here’s how you can apply:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- 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
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.
Bajaj Finance Personal loan can be repaid over the loan tenure of 96 months.
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.
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.
Yes, you have the option of foreclosing or part-prepaying your personal loan. Please visit our customer portal - My Account, to initiate the same.
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
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.
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
Your Bajaj Finserv Personal Loan amount will be credited to your bank account within 24 hours* of approval.
*Terms and conditions apply.
Missing EMIs can lead to penalty charges, a lower credit score, and legal action by the lender. It may also affect future loan approvals.
A personal loan is unsecured, so a guarantor or collateral is usually not required. However, lenders may request additional security in special cases.
A Personal Loan for salaried person can be used for travel, medical emergencies, home renovation, wedding expenses, or home renovations.
The processing fees for personal loan for salaried employees usually range up to 3.93% of the loan amount, based on the policies.
