Personal Loan Documents and Eligibility Criteria

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.

The maximum personal loan tenure you can apply for is 96 months.

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

If you need documents for a salaried individual to apply for a personal loan, here’s a complete list of what most typically require. These help verify your identity, income, and address, ensuring a smooth and quick loan approval process.

• 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

• Letter of Allotment of Accommodation Issued by Employer

• Property / Municipal tax receipt

• Utility bill

• Real-time image / photograph

• Ration card

Below are the income documents that are required to be submitted when applying for a Bajaj Finserv Personal Loan:

• Salary slips of the last 3 months

• Bank account statements of the previous 3 months

You must submit a copy of your original KYC documents while applying for a personal loan.

The speed of your personal loan documentation process depends on the lender's policies, your responsiveness, and the complexity of your application. Typically, it can take anywhere from a few hours to a few days for initial approval, and additional time for document verification and processing, varying between lenders.