Before choosing a tenure, review the product’s eligibility criteria, required documents, charges and application process. These details help you assess the terms alongside the EMI and total interest.
What are the eligibility criteria?
The stated criteria for a Bajaj Finance Personal Loan cover nationality, age, employment profile and CIBIL score. Meeting the published criteria does not guarantee approval or a particular loan amount.
| Criterion | Stated requirement |
|---|
| Nationality | Indian |
| Age | 21 years to 80 years |
| Employment | Public, private or MNC |
| CIBIL score | 650 or higher |
| Customer profile | Self-employed or Salaried |
*You should be 80 years or younger, at the end of the loan tenure.
Last updated: 23rd October, 2026
Applicants should verify the applicable age condition at the end of the tenure and the terms presented during the application process.
Your preferred tenure only becomes a workable plan when the available loan terms fit your circumstances. After reviewing the stated criteria, check your personal loan eligibility and assess the offer alongside your monthly budget before moving to the application.
Which documents should you prepare?
Prepare the documents applicable to your profile. The lender’s verification process determines which documents are required for your application.
- 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
- Phone bill
- Real-time image / photograph
Not every applicant needs every document. Confirm the final list of required personal loan documents during your application.
Which charges affect the borrowing cost?
The interest rate affects the EMI and total interest. Processing fees and other applicable charges also contribute to the overall cost of borrowing.
| Charge | Applicable amount or terms |
|---|
| Interest rate | 10% to 30.5% per annum, subject to applicable terms and customer eligibility |
| Processing fee | Up to 4.13% of the loan amount, inclusive of applicable taxes |
| Bounce charge | Rs. 700 to Rs. 1,200 per bounce |
| Penal charge | Up to 36% per annum on the overdue instalment |
| Part-prepayment, Term Loan | Up to 4.72% of the principal prepaid, inclusive of taxes |
| Foreclosure, Term Loan | Up to 4.72% of the outstanding principal, inclusive of taxes |
| Part-prepayment, Flexi Dropline and Flexi Hybrid | No charge |
| Flexi facility charge | Rs. 11, inclusive of taxes |
Last reviewed: 23rd October, 2026
Charges depend on the facility and applicable terms. Review the personal loan fees and charges before accepting an offer, particularly if you intend to repay early.
How do you apply with your chosen tenure?
You can apply for a Bajaj Finance Personal Loan online in five steps, starting with the “CHECK LOAN OFFER” button.
- Check your loan offer: Enter the required loan amount and preferred repayment tenure, then click “CHECK LOAN OFFER”.
- Enter your details: Provide your personal, financial and employment information to receive a personalised offer.
- Review the offer: Check the available loan amount and tenure. Compare two or three repayment periods to see how each changes your EMI and total interest.
- Complete verification: Complete the KYC process and verify your bank details.
- Discuss the next steps: After you submit the application, a loan executive will contact you to explain the next steps.
The process can differ for new and existing customers, and additional documents may be required in some cases.
Before accepting the offer, apply the three tests from this guide to two or three available tenures. Check that the EMI fits your monthly budget, account for upcoming expenses and leave room for unexpected costs. Choose the tenure based on the repayment you can sustain, not simply the lowest EMI.
