Bajaj Finance Personal Loan

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

Bajaj Finance Personal Loan Key Features

Features Details
Age 23-55 (at loan maturity)
CIBIL Minimum 750 or above
Interest Rate Starts @12.99% 
Lowest EMI per lakh Rs 2275
Tenure 12 to 60 months
Processing Fee 4.13% of Loan Amount
Prepayment Charges 4%
Part-Prepayment 2%
Minimum Loan Amount ₹50,000
Maximum Loan Amount ₹25 Lakh

Each Feature Explained in Detail Below


About Bajaj Finance Personal Loan

Bajaj Finance Personal Loan

Bajaj Finance Personal Loan is a convenient way to get finance for an immediate requirement. If you are looking for financial help, Bajaj Finance is the best option. You can apply online and get instant approval within 2 hours for Bajaj Finance Personal Loan. All you need is a good CIBIL score and be working for a listed company.

A personal loan can be used for any reason or to meet any kind of financial need. By availing a personal loan from Bajaj Finserv, you can get various benefits and to know more about Bajaj Finance personal loan, Apply now and get assistance from an expert on how you can avail a loan.

Benefits of Bajaj Finance Personal Loan

Bajaj Finance offers endless benefits, and it is a convenient, hassle-free, and multipurpose loan. Some of the benefits provided by them are:

    1. Collateral free loan: This loan is unsecured and does not demand any security to secure the loan.
    2. Minimal Documentation: It is a Loan that is free from endless paperwork.
    3. Simple procedures: It is a simple loan scheme as there is no process to check the collateral.
    4. Multipurpose loan: The money availed through this loan can be utilized for a variety of personal works.
    5. Quick and easy approval: The disbursal of loan is easy as you can get the loan within two hours.

Bajaj Finance Personal Loan Eligibility Criteria

The eligibility criteria for Bajaj Finance Personal Loan is as follows:

CIBIL score 750 and Above
Age 23-55 years
Min Income Rs 25000/month
Occupation Salaried/Self-employed

Bajaj Finance Personal Loan Interest Rate and Charges

The interest rate, fees, and other charges for Personal Loan are:

Interest Rate Starts @12.99%
Processing Charges 4.13% of the Loan Amount + GST
Prepayment Charges 4% + GST
Part-Prepayment Charges 2% + GST
Stamp Duty As per state laws
Bounce Charges Rs. 600 to Rs. 1200
Penal Interest 2% to 4%

Bajaj Finance Personal Loan Documents Required

You will need the following documents when filing an application for Bajaj Finance Personal Loan:

Proof of Identity Copy of:
> Passport
> Driving License
> Aadhar Card
> Voter ID Card
Proof of Address Rent Agreement (Min. 1 year of stay)
Utility Bills
Passport (Proof of permanent residence)
Ration card
Proof of Income > ITR: Last two Assessment years
> Salary Slip: Last 6 months
> Bank Statement: Last 3 months

Bajaj Finance Personal Loan EMI Calculator

You can use the Bajaj Finance Personal Loan EMI Calculator here

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

Bajaj Finance Personal Loan Processing Time

Bajaj Finance offers the fastest approval process for availing a Personal Loan. Once the basic requirements of providing the copies of required documents are fulfilled, the total time to get approval for your loan is only 6 hours. Once the approval has been obtained, all that is required is your signatures on the loan application form and agreement, and the money is credited to your bank account.

Bajaj Finance Personal Loan Preclosure

Bajaj Finance has easy and simple processes for all its services, including preclosure of the loan you have taken from them. You can easily pre-close your loan or even make a part payment by contacting their service representative at the nearest branch. The prepayment charges depend on the number of years your loan has been serviced. Depending on the tenor of the loan completed, the prepayment charges are calculated.

Types of Bajaj Finance Personal Loan

Bajaj Finance Flexi Personal Loan

In this facility, you can make prepayments of your loan. In this way, you can save the rates of interest. Like if your EMI is Rs. 5000 then you can pay up to Rs. 15000, if you are capable of doing so. Besides that, you can claim the prepaid amount during the tenure of the loan without any additional documentation.

Bajaj Finance Durable Personal Loan

This type of personal loan is given to customers to purchase consumer durables individually. Like if you want to buy an LED, LCD or air conditioner, etc., then you can get this kind of loan. This loan is very readily available with minimal documentation. Besides that, the amount of loan sanctioned can be up to Rs. 5 Lakhs. Moreover, this provides the facility of foreclosure if you have paid one EMI of the loan.

Bajaj Finance Lifestyle Personal Loan

This loan is sanctioned to purchase any lifestyle durables or services. It is a kind of on-the-spot loan. You can get up to Rs. 3 Lakhs in this type of loan. The process is easy and hassle-free.

How to apply for Bajaj Finance Personal Loan

You can apply for a Personal Loan from Bajaj Finance in 3 easy steps : 

  1. Visit dialabank.com
  2. Fill in your required details, and you will get a call from our representative.
  3. Share your documents and get instant approval.

Other Loan Products from Bajaj Finance

Bajaj Finance Business Loan Bajaj Finance Home Loan Bajaj Finance Two Wheeler Loan
Bajaj Finance Gold Loan Bajaj Finance Loan Against Property Bajaj Finance Loan Against Car

FAQs About Bajaj Finance Personal Loan

What is Bajaj Finance personal loan?

Bajaj Finserv offers personal loans of up to ₹25 lacs on interest rate starting from 12.99% with disbursement within 24 hours. The loan can be used for a variety of different things like travel, wedding, medical bills, etc. Bajaj Finserv provides personal loans of higher amounts with no hidden charges and online approval within 5 minutes.

✅ How does Bajaj Finance Personal Loan work?

You can get personal loans of up to ₹25 lacs with an interest rate starting from 12.99% per annum for a tenure of 12 to 60 months with Bajaj Finserv. Applying for the loan with a simple application form on their website and get an approval within 5 minutes if the documents submitted are in order. Disbursement of loan amount occurs within 24 hours from the approval of your application.

✅ What is the personal loan rate of interest in Bajaj Finance?

Bajaj Finance offers personal loans at interest rates starting from 12.99% per annum. The interest rates depend upon the credit history, the amount borrowed, market conditions and etc. Since personal loans are unsecured loans, the rate of interest charged on them is a bit higher than a secured loan.

✅ What is the procedure of personal loan in Bajaj Finance?

You can apply online by filling a form on Bajaj Finance’s official website and wait for their representative to contact you and start the loan process. You can also apply with Dialabank and get personalized assistance and the best deals and offers currently available in the market.

✅ How can I get Bajaj Finance Personal Loan?

To get a Bajaj Finserv Personal Loan, you will need some basic KYC documents and financial statements as proof of your income which shall be submitted with a duly filled application form. After verification and approval of your loan, the amount is transferred within 24 hours to your bank account. You can also visit Dialabank’s digital platform and compare offers from different banks and NBFCs.

✅ How to apply for Personal Loan in Bajaj Finance?

To apply for a personal loan, you can follow these steps: 

  • Check the eligibility criteria online. 
  • Fill the application form online by giving your basic information along with the loan amount required and the tenure. 
  • You’ll be contacted by a Bajaj Finserv representative for more information and a collection of your documents. 
  • Wait for approval and get disbursement within 24 hours of approval. 

Alternatively, to make the entire process completely hassle-free apply online with Dialabank and get personalized assistance.

✅ Why apply for Bajaj Finance Personal Loan?

Bajaj Finance provides high-value personal loans of up to ₹25 lacs at exciting interest rates starting from 12.99% per annum. You are not required to pledge any asset or provide security and can use the loan amount for any personal financial need. Bajaj Finance also provides hassle-free processing with minimal documentation. You can also contact Dialabank’s financial helpline number to get better assistance and answers to all your financial needs.

✅ How much EMI on Bajaj Finance Personal Loan?

Personal loans taken from Bajaj Finserv are repayable on the EMI basis, which can be calculated using the EMI calculator on Dialabank’s website. Minimum EMI on a personal loan of ₹1 lac is ₹2275. EMI is calculated using the principal loan amount, the rate of interest, and the tenure of the loan.

✅ How much CIBIL score required for Bajaj Finance Personal Loans?

The minimum CIBIL score required for approval of a personal loan from Bajaj Finserv is 700. If your CIBIL score is under 700, you can contact Dialabank for proper guidance and the best offers and deals catering to your needs.

✅ Minimum credit score needed for Bajaj Finance Personal Loan?

A credit score is based on the credit history of the borrower and calculates your risk to default on loan is taken. Bajaj Finserv requires you to have a minimum credit score of 700 for approval of personal loan applications.

✅ How to calculate Bajaj Finance Personal Loan EMI?

Calculation of Bajaj Finserv personal loan EMI is fairly simple; all you need is your principal loan amount, the rate of interest, and the tenure. You can use the EMI calculator on Dialabank’s website to find the exact amount you’ll have to pay.

✅ What can I use Bajaj Finance Personal Loan for?

You can use a personal loan from Bajaj Finserv for financing day to day expenses of your household to financing a wedding or a vacation. It is a multipurpose loan to cater to all your financial needs. For more information and hassle-free processing of your personal loans, contact Dialabank.

✅ Can I prepay Bajaj Finance Personal Loan?

Bajaj Finserv’s gives you the freedom of prepaying your loan taking into consideration that you have paid at least 6 EMIs successfully and the prepayment amount should not be less than the amount of 3 EMIs combined. It also gives you the option of making part prepayments. A small prepayment charge needs to be paid.

✅ How to repay Bajaj Finance Personal Loan?

Repayment of Bajaj Finserv personal loan can be made through monthly instalments on EMI basis. This can be done either through a payment instruction on your bank account or online through available means.

✅ How to repay Bajaj Finance Personal Loan online?

You can repay your personal loan through net-banking, debit cards, or via mobile banking through Bajaj Finserv’s mobile app. You can also pay via Paytm through UPI or wallet money.

✅ What documents are needed for Bajaj Finance Personal Loan?

You will need your Aadhar Card, Pan Card, Voter ID, bank statement, salary slips, and rental agreement if applicable. For more information, you can contact Dialabank’s financial helpline number.

✅ How to check the Bajaj Finance Personal Loan status?

You can easily check and track your Bajaj Finserv’s personal loan status online on their website or through their mobile app.sistance and guidance from the experts without any charge.

  1. Dialabank is the most trustable financial helpline company. It is India’s first financial helpline.
  2. After that, the application process is easy.
  3. Furthermore, the documentation process is also simple; the only essential document is required.
  4. Besides that, there is no need to go to the physical branch of the company; you will get a document pickup facility at your doorstep.

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