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Bajaj Finserv Personal Loan Eligibility Criteria 2022


Bajaj Finserv offers a quick personal loan at very reasonable interest rates to cater to your several unexpected personal financial obligations such as big-ticket purchase, exotic vacation, credit card bill payment, home repair, etc. You can get a personal loan up to Rs. 25 lakh for a flexible repayment tenure ranging from 12 months to 60 months. 

Bajaj Finserv personal loan Eligibility Criteria

Getting a personal loan from Bajaj Finserv is a very simple, fast and hassle-free process. Salaried individuals need to meet a few eligibility criteria to avail of a personal loan from Bajaj Finserv.

Bajaj Finserv personal loan eligibility criteria for salaried professionals:


  • Minimum age of the applicant should be 23 years at the time of application 

  • Maximum age at personal loan maturity should be 55 years 

Minimum income 

Net monthly salary would be based on your city of residence:

Rs. 25,000 per Month: Goa, Lucknow, Baroda, Indore, Bhubaneswar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut, Rajkot

Rs. 28,000 per month: Jaipur, Chandigarh, Nagpur, Surat, Cochin

Rs. 30,000 per month: Ahmedabad, Kolkata

Rs. 35,000 per month: Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, Thane

Credit score

Should have a good credit score


You must be a salaried person working with MNC, public or private company

Loan tenure

From 12 to 60 months

Residential status

Any Indian 

Interest rate

12.99% onwards

Processing fee

Up to 4.13% of the loan amount

Foreclosure charges

4% + applicable taxes on outstanding principal

Part pre-payment charges

2% + applicable taxes on part-payment amount paid

What are the top factors that affect your bank personal loan eligibility?

Age: Age is one of the criteria that ensures your eligibility for a personal loan. Younger applicants, who are in their early 20s, can more easily qualify for a personal loan than individuals who are in their 50s. Young borrowers are considered less risky because they have more time to earn and repay the loan. 

Monthly salary: Your monthly salary gives a clear picture about your repayment capacity: the higher your income, the better for you. However, per month salary depends on your city of residence for a personal loan from Bajaj Finserv.  

Credit score: Since a personal loan is an unsecured loan, the credit score is one of the most important factors considered by lenders for a personal loan. Your credit score shows how responsible you are in handling your debts.  A CIBIL score ranges between 300 to 900 and a credit score of 700+ is acceptable for a personal loan from most lenders. 

Employment stability: While assessing your qualification for a personal loan, lenders look into your job type and organization. It shows the flow of cash you get on a daily basis. Salaried individuals need to have at least 2 years of work experience and should have worked for at least 1 year in their current job.  

Documents required for Bajaj Finserv Personal Loan

Here is the checklist of documents required for a personal loan from Bajaj Finserv:

For salaried employees

  • Identity proof: Passport / Driving license / Voters ID / PAN card /Aadhaar card 
  • Address proof: Leave & License Agreement/ Ration card /Utility bill (not more than 3 months old) / Passport - provided the passport has the present address mentioned in loan application form
  • Employee ID card
  • Income proof: Salary slips for the previous 2 months along with salary certificate and latest Form 16
  • Bank statement: Bank statement of your salary account showing salary being credited for the previous 3 months 

How to apply for Bajaj Finserv Personal Loan through Afinoz?

Applying for a personal loan on Ainoz is simple and quick. You can apply for a personal loan by clicking ‘Apply Now’ button on the personal loan page. Now fill the short and simple personal loan application form to check your eligibility. You will receive exclusive offers from multiple lenders, including Bajaj Finserv, based on your eligibility.  As per the requirements and offers, you can apply for a personal loan from Bajaj Finserv. 

Why is Afinoz?

Afinoz is a one-stop destination for customized rate quotes on loans and investment products in India. The company is owned by DS Finworld Pvt. Ltd. Our objective is to make personal financial decisions easy, seamless and transparent for our customers. We have designed a system that provides comprehensive results and enables customers to compare products simultaneously so that they can access the right product.

➤ FAQs

Ques. What information do I need to have to check my eligibility for Bajaj Finserv personal loan?

You need to enter the following details to check your Bajaj Finserv personal loan eligibility: • Your city of residence • Date of birth • Company you are working with • Monthly income • Monthly expenditure

Ques. What are the income proof documents accepted by Bajaj Finserv?

You need to show minimal documents as valid proof of income. Here are the documents you need to show for a personal loan. • Salary slips for the previous 2 months • Bank statement of your salary account showing salary being credited for the previous 3 months

Ques. How much personal loan can I get?

Bajaj Finserv offers a personal loan up to Rs. 25 lakh depending on your loan eligibility. You can check your eligibility by filling the check your eligibility form.

Ques. Are there any charges for prepayment and foreclosure on Bajaj Finserv personal loan?

If you prepay or foreclose a Bajaj Finserv personal loan, you will need to pay the following charges. • Foreclosure charges: 4% + GST on principal outstanding • Part-prepayment charges: 2% + GST on principal outstanding