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  • Bajaj Finserv Personal Loan

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  • Bajaj Finserv offers hassle-free and quick personal loans at very reasonable interest rates. Avail personal loans from Bajaj Finserv to meet your unexpected personal expenses.

    • Loan amount of up to Rs.25 lakh 
    • Quick approval and disbursal of loan
    • Repayment tenure of up to 60 months
    • Minimal documentation process
    More
    Interest Rate Loan Amount Processing Fee
    Starts at 12.99% p.a.  Up to Rs.25 lakh  Up to 3.99% of the loan amount 

    Fees and Charges applicable

    Schedule of charges
    Bounce charges  Rs.600 to Rs.1,200 for each bounce 
    Secure fee  Rs.4,499 
    Penal interest  2% of the monthly EMI plus applicable taxes 
    Outstation collection charges  Rs.65 plus applicable taxes 
    Foreclosure charges  4% of the outstanding principal plus applicable taxes 
    Part prepayment charges  2% of the part-paid amount plus applicable taxes 

    Documents Required

    As mentioned earlier, the documentation process for Bajaj Finserv Personal Loan is minimal. The documents that are required to apply for a Bajaj Finserv personal loan are listed below: 

    • Documents for Know Your Customer or KYC. 
    • Salary slips of the applicant for the last 2 months. 
    • Employee identity card of the applicant which is issued by the employer. 
    • Bank statements of the salary account of the applicant for the last 3 months. 

    Note: These are the basic documents required for applying. However, some other documents might be required for the processing of the loan. These documents have to be produced as per the requirement of Bajaj Finserv. 

    Why should I choose Bajaj Finserv Personal Loan? 

    There are a number of benefits which can be enjoyed by an applicant if he or she chooses a Bajaj Finserv Personal Loan. These advantages can be summed up as follows: 

    • Minimal documentation process 
    • Quick approval of the loan 
    • Fastest disbursal of loan in India (within 24 hours of approval of loan application) 
    • Flexible loan repayment tenure of up to 12 months to 60 months 
    • No hidden charges 
    • Manage everything online through an online loan account 
    • Easy pre-approved offers on loan for all existing customers 

    What are the eligibility criteria?

    Age  23 years to 55 years 
    Employment Status  Salaried individual 
    Citizenship  Resident citizen of India 
    Minimum Net Salary 
    • Bengaluru, Mumbai, Pune, Delhi, Chennai, Noida, Thane, etc. - Rs.35,000 p.m. 
    • Ahmedabad and Kolkata – Rs.30,000 p.m. 
    • Chandigarh, Cochin, Jaipur, Nagpur, and Surat – Rs.28,000 p.m. 
    • Aurangabad, Baroda, Bhubaneshwar, Calicut, Goa, Indore, Kolhapur, Raipur, Trivandrum, and so on – Rs.25,000 p.m. 

    How the EMI calculation on Bajaj Finserv Personal Loan work? 

    The best way to understand the working of a Bajaj Finserv Personal Loan can be explained through this example. Let us assume that an individual, say Mr. Tribbiani, residing in Bengaluru has a monthly net salary of Rs.40,000. He takes a personal loan of Rs.1 lakh from Bajaj Finserv where the interest charged is 14% p.a. and the processing fee charged on the loan amount is 2%. Let us assume that Mr. Tribbiani has opted for a loan repayment period of 12 months. On the basis of these factors, his loan repayment schedule will look like this: 

    Month  Principal Paid (A)  (in Rs.)  Interest Paid (B)  (in Rs.)  Total Amount Paid (A+B)  (in Rs.)  Outstanding Loan Amount  (in Rs.) 
    7,812  1,167  8,979  92,188 
    7,903  1,076  8,979  84,285 
    7,995  983  8,978  76,289 
    8,089  890  8,979  68,201 
    8,183  796  8,979  60,018 
    8,279  700  8,979  51,739 
    8,375  604  8,979  43,364 
    8,473  506  8,979  34,891 
    8,572  407  8,979  26,320 
    10  8,672  307  8,979  17,648 
    11  8,773  206  8,979  8,875 
    12  8,875  104  8,979 

    As per the details mentioned above, Mr. Tribbiani will be paying a total of Rs.1,09,745* wherein the total interest amount is Rs.7,745 and the processing fee for the loan is Rs.2,000. His monthly EMI amount for the loan will be Rs.8,979 for 12 months. 

    *The figures quoted here are for the purpose of understanding only. The applicable taxes (if any) have not been taken into consideration. 

    Compare Bajaj Finserv personal loan with loans from other lenders

    Particulars  Bajaj Finserv Personal Loan  HSBC Bank Personal Loan  Citibank Personal Loan  SBI Personal Loan 
    Interest rate  12.99% p.a. onwards  10.99% p.a. to 17.84% p.a.  10.99% p.a. to 18.00% p.a.  12.00% p.a. onwards 
    Processing fee  Up to 3.99% of the loan amount  Up to 1% of the loan amount  2.00% to 3.00% of the loan amount  1% of the loan amount + applicable GST 
    Foreclosure charges  4% + applicable taxes on the outstanding principal amount  Up to 3.75% of the outstanding principal amount  As per the terms and conditions of the bank  3% of the outstanding loan amount 

    FAQs on Bajaj Finserv Personal Loan 

    Can I apply for a Bajaj Finserv Personal Loan online? 

    A: Yes, Bajaj Finserv offers the online application option on their website through which you can easily apply for a personal loan. 

    How to check Bajaj Finserv personal loan status?  

    A: Bajaj Finserv personal loan application status at can be checked either online or offline. You can call on 1800 103 3535 or send an SMS to 9773633633 by typing ‘SHOL’ to know the status. Alternatively, you can visit www.bajajfinserv.in and get to know the status by entering the loan ID, application ID or the registered mobile number.  

    How do I get complete loan details of my Bajaj Finserv Personal Loan? 

    A: You can get to know the complete details of your Bajaj Finserv Personal Loan through the welcome kit that will be sent to your email ID which is registered at the time of making the loan application. 

    What all details can I find in my Bajaj Finserv Personal Loan welcome kit? 

    A: You can find the following details in your welcome kit: 

    • A reference service guide which will help you use the self-service tool and have a better understanding of the product. 
    • Your user ID and password for Experia 
    • A unique virtual account number 
    • The account details of the registered bank account which will be used for drawdown transactions 
    • The registered mobile phone number 
    What is a secure fee?

    A: If you are applying for a personal loan online, you will be required to pay a charge which is known as secure fee. This fee is charged for the submission and processing of the online loan application form. 

    How can I make a part-prepayment of my Bajaj Finserv Personal Loan? 

    A: A unique account number will be generated and provided to you by Bajaj Finserv when your personal loan is approved. You will be required to make all payments and part-payments for your loan to this unique account through internet banking. The payments you make to this account will be credited towards your loan account as per the stipulated time period according to the banking guidelines. 

    How to contact Bajaj Finserv customer care?

    A: In order to contact Bajaj Finserv customer care executives, you can call on 08698010101.

        

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    Bajaj Finserv Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Need to give proper correct amount "
      0.5 1.0/5 "Really Bad"
      I have taken personal loan BAJAJ FINSERV through online .The rate of interest and the processing fee are quite nominal. I have availed this loan for my personal use only. This loan was sanctioned on time .I am paying EMI 10K and the loan amount was Rs. 1.31L.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 23, 2020
    • Bajaj Finserv
      Bajaj Finserv Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I have appplied for Bajaj Finserv personal loan through Online,The rate of interest and the process fee was high ,I have subhmitted my documents through branch .I will be closing this loan within 4 to 5 months.Each and every information was clearly shared by the agent.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 16, 2020
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through Bajaj Finserv directly.The loan got sanctioned on time .If pay the premium on delay basis there is no extra charges but anyway am making the payment without any delay.I have successfully closed the loan,The loan process was clearly shared by the agent .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 13, 2020
    • Bajaj Finserv Personal Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      For the personal loan in Bajaj Finserv, the interest rate is little bit high when i negotiate them to reduce the same, they said i can make the part payment at any point of time. I took the loan amount of Rs. 90000. I selected the duration of 12 months. I pay the EMI amount of Rs. 5000 every month and all the EMI deducted through auto debit option.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 07, 2020
    • Bajaj Finserv Personal Loan
      "Interest rate is very high"
      0.5 2.0/5 "Expected more"
      Bajaj Finserv personal loan was horrible because they charged me a interest rate of 21% but the documentation process of hassle free and they will complete the process in 2 days. They are good in systematic. Its not easy to reach out the customer care. Without any human intervention, they will do the process. Its because of the interest rate, i never go with them.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 07, 2020
    • Bajaj Finserv Personal Loan
      "They committed different ROI but charged higher interst rate"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan from BAJAJ FINSERV and the loan amount was Rs.60,000. The rate of interest, they committed as 19% after that they charges more than like 34% it is very much high. Regarding this i called to customer service, but they not picking call and also paying EMI of Rs.2776 for 36 months.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jan 07, 2020
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      I have availed a personal loan through Bajaj Finserv since they offered this loan. Still this loan is active and need to pay 10 EMIs. The rate of interest and the processing fee was very high .The loan amount got sanctioned on time .The rate of interest and the processing fee was very high it was 18%.I am trying to close this loan but not yet closed so far.
      Was this review helpful? 2
      , indore
      Reviewed on Jan 06, 2020
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 3.0/5 "Satisfactory"
      I received a call from BAJAJ regarding pre approved personal loan which I agreed and the documents are collected by bank executive on a next day. The loan amount of 1.5L was credited into my account on the same day. It took only 24 hours to process the loan with12% interest rate which is high and I opted the tenure of 4 years. The process was quite easy and smooth.
      Was this review helpful? 3
      , purnia
      Reviewed on Jan 02, 2020
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan diretly through Bajaj Finserv.The loan amount got sanctioned on appropriate time .The rate of interest and the processing was very high .The agent clearly explained the whole process of this loan .I have submitted my documents through the agent.I have closed the loan successfully .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 31, 2019
    • Bajaj Finserv Personal Loan
      "Instant loan approval"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from BAJAJ FINSERV and the loan amount was Rs. 5 lakhs and the rate of interest is nominal. The service is really good and excellent the employees were helpful when i took the loan. Pre close 3% and the tenure is 5 years and i receive the loan within an hour.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 27, 2019
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan directly through Bajaj Finserv.The rate of interest and the processing fee was nominal.The loan amount got sanctioned on time and this loan is still active.I have submitted the required documents as well .The premium is deducted on EMI basis and i will be closing this loan within 1 year .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 23, 2019
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through Bajaj Finserv.The rate of interest and the processing fee was nominal and got this loan amount sanctioned on exact time frame .This loan is still active and will be closing this loan on september 2020.I have submitted the required documents through the agent .I am satisfied with the service .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 23, 2019
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken personal loan directly through Bajaj Finserv.This loan is still active ,The rate of interest and the processing fee was very high .I have taken this loan since had requirement and this was a paperless approval .Previously taken consumer durable loan hence got this loan without any documents.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 21, 2019
    • Bajaj Finserv Personal Loan
      "Service is Good"
      0.5 2.0/5 "Expected more"
      I have taken personal loan directly through Bajaj Finserv.The rate of interest and the processing fee was high since had requirement .This loan is still active and the agent shared all the relevant details about this credit card .I have provided all required documents.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 21, 2019
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan directly through Bajaj Finserv .The rate of interest and the processing fee was very high sine had requirement availed this loan.The process was good and the service was average and there was no drawbacks faced .This loan was sanctioned on time as well .
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 20, 2019
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through Bajaj Finserv.The rate of interest and the processing fee was very high due to requirement availed this loan .There was no difficulties faced on submitting the documents .This loan is still active ,The agent gave a clear picture about the loan process .I am satisfied with the overall service.
      Was this review helpful? 3
      , new delhi
      Reviewed on Dec 19, 2019
    • Bajaj Finserv Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from BAJAJ FINSERV. The loan amount was 65k and i think, the rate of interest was 19% but am not sure. I am paying annual premium of Rs. 3088 and the pre closure charge is 4%. Customer service was very good. As i applied it takes 5 days to get in my account.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 17, 2019
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan direclty through Bajaj Finserv.The loan amount got sanctioned on time .The rate of interest and the processing fee was high .Everything was good on this credit card so far .While taking this loan amount was deducted for insurance without asking my permission that was the only issue.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 14, 2019
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan directly through Bajaj Finserv.The rate of interest and the processing fee was very high since had requirement taken this loan.I have got the loan on time and the process was very quick and smooth as well .If pay the EMI on delay basis no extra charges.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 10, 2019
    • Bajaj Finserv Personal Loan
      "Need to reduce interest rate and processing fee "
      0.5 5.0/5 "Blown Away!"
      I received message from Bajaj regarding the personal loan offer. So, I applied via mobile application. Bank executive came and collected the documents and loan amount credited with in 24hours. Loan amount is 1.5L with interest rate of 2% per month which is little bit high. They require only minimum documents. They charged me around Rs.15,000 as the processing fee which is very high.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 10, 2019
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