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NBFC

Bajaj Finance Personal Loan

Quick funds for your big plans with flexible repayment options and a fully digital application process.

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Bajaj Finance logo

NBFC

Bajaj Finance

Compliance Status

RBI Regulated Lending Institution

About Bajaj Finance

Bajaj Finance Personal Loan helps you finance weddings, travel, home renovation, medical emergencies and other personal expenses without collateral. With loan amounts up to ₹52 lakh, flexible repayment options and quick disbursal, it is designed for both salaried and eligible self-employed borrowers.

Loan Features & Particulars in Detail

Review comprehensive fee schedules, limits, and operational tenures for Bajaj Finance.

ParticularsDetails
Loan Amount1 Lakh to 52 Lakh
Interest RateStarts From 10%
Loan Tenure12 Months to 108 Months
Disbursal Time24 Hours
Processing FeeStarts from 1.15%
Foreclosure ChargesAs Per Bank's Policy

Criteria & Documentation

Verify borrower qualifications before initiating your application.

Age Requirement

Between 21 and 65 years at time of maturity.

Minimum Income

Monthly net salary of ₹20,000+ for salaried professionals.

Credit Score

Preferred CIBIL score of 700+ for optimal interest rates.

Employment

Minimum 1 year total work experience with 6 months in current firm.

Why Choose Bajaj Finance

Competitive Interest Rates

Attractive annual percentage rates structured for your disposable income.

Fast Digital Sanction

Instant in-principle sanction with electronic agreement signing.

Zero Collateral Needed

100% unsecured borrowing without pledging personal property or gold.

Flexible Repayment Tenures

Tenures spanning up to 84 months for smooth monthly EMI planning.

Understand Your Loan: Annual Percentage Rate (APR)

The APR represents the true annualized cost of borrowing with Bajaj Finance. It accounts for the nominal interest rate, processing charges, documentation fees, and mandatory stamp duties. Personal loan APRs generally range between 11.2% and 36% based on borrower risk profiling and income documentation.

Representative Example: A ₹5,00,000 personal loan at 10.50% interest for 3 years with a 2% processing fee (₹10,000) corresponds to a monthly EMI of approx. ₹16,253 and an effective APR of 11.89%.

Ready to Apply for Bajaj Finance Personal Loan?

Check your eligibility in 2 minutes with zero impact on your CIBIL score.

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Partner FAQ

Frequently Asked Questions

Common inquiries about Bajaj Finance personal loans.

01What is the maximum loan amount offered by Bajaj Finserv
Bajaj Finserv offers personal loans from ₹40,000 up to ₹55 lakh, depending on your eligibility, income, credit profile, and repayment capacity.
Interest rates start from 10% p.a. and can go up to 30.5% p.a. The final rate depends on factors such as your CIBIL score, income, employment profile, loan amount, and tenure.
Both salaried and self-employed Indian applicants can apply. You should generally be between 23 and 61 years of age and have a CIBIL score of 650 or above, subject to the lender's eligibility criteria.
You'll typically need PAN card, Aadhaar or other KYC proof, salary slips or income proof, bank statements, and a recent photograph. Additional documents may be requested based on your profile.
Eligible applicants can receive quick approval, and the loan amount is often disbursed within 24 hours of approval, subject to successful document verification and lender policies.