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  • Bajaj Finserv Personal Loan Eligibility Calculator is Rated as "Great!" by 1812 Users

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    Bajaj Finserv Personal Loan Eligibility Calculator

    Bajaj Finserv offers personal loan to finance a wedding, a vacation and for medical emergencies. It provides personal loan up to Rs.25 lakhs depending on the eligibility, income and repayment capacity. The applicant can apply for the Personal Loan online and expect a quick approval and enjoy low rate of interest. The borrower is given the option of part prepayment facility and no foreclosure charges will be charged. The borrower does not have to provide any collateral for the personal loan as it is an unsecured loan.

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    Bajaj Finserv Personal Loan Eligibility

    The basic eligibility for a salaried individual to avail a Bajaj Finserv personal loan are as follows:

    • Profile: Applicant must be a resident and a salaried individual.
    • Age:Applicant must be at least 25 years old but not more than 58 years of age.
    • Income: The minimum monthly net salary requirement for the various cities are as follows:
    Rs.40,000 or more Delhi, Mumbai, Hyderabad, Bangalore, Chennai and Thane.
    Rs.35,000 or more Ahmedabad, Pune, Kolkata, Aurangabad, Baroda, Chandigarh, Cochin, Coimbatore, Gandhinagar, Ludhiana, Madurai, Mandi Gobindgarh, Indore, Jaipur, Jalandhar, Mysore, Nagpur, Nasik, Panchkula, Panipat, Patna, Rajkot, Ranchi, Trichi, Trivandrum, Vijayawada, Yamunanagar, Jamnagar, Jamshedpur, Jodhpur, Kanpur, Karnal, Khanna, Kolhapur, Kota, Madurai, Mangalore and Mohali.

    Factors affecting Bajaj Finserv Personal Loan Eligibility

    There are many factors that affect the applicant's’ eligibility. Banks give loans to those who are capable of repaying it and who do not default on making the payments. Some factors that affect an applicant’s eligibility are:

    • Residence:Individuals living in metro cities are given personal loans easily. Bajaj Finserv gives preference to those who have their own home. That is because those who have their own home will not have an additional financial burden of paying the rent and will have a higher disposable income.
    • Income:The level of income indicates how much EMI you can afford to pay. This affects the total loan amount that will be sanctioned to you. If your income is higher, the higher are your chances of getting a bigger loan amount sanctioned to you.
    • Age:If you are too young, the chances of you shifting jobs are higher and the banks do not prefer to offer younger salaried individuals loans. The banks prefer those who have stability in their work life.
    • Employment status:An applicant who has stayed in a company for a longer period will get higher preference. It shows stability in his income and the bank can be assured that the applicant has constant cash flow to pay the EMIs.
    • Other loans taken:If the applicant already has other EMIs to pay, then the chances of him getting a personal loan from Bajaj Finserv is lower unless he has a higher range of income. The bank will not provide another loan as the applicant will be burdened with having to pay multiple EMIs.

    How CIBIL score affects your Bajaj Finserv Personal Loan Eligibility?

    When an applicant applies for a loan with Bajaj Finserv, the bank immediately runs a credit check. If the applicants CIBIL Score is above the ideal range, the bank will further consider your application and go through your credit report.

    The banks take into consideration the loans that you have taken previously and closed. It will check the credit payment history to check how efficiently you have repaid the loan and if you have defaulted in making payments. It also considers the types of loans (secured and unsecured loans) you have taken.

    The credit report records the loan settlement information (if you have settled any loan) in the report, the bank considers it as a negative remark and may not provide you a loan.

    How to increase Bajaj Finserv Personal Loan Eligibility?

    You can do the following to increase Bajaj Finserv personal loan eligibility:

    • Maintain a good credit history: Pay all your EMIs on time. Find ways to increase your CIBIL score and never agree for a settlement, find other ways to pay back the loan or refinance it for a longer tenure.
    • Get lower EMIs on existing loans: If you are able to, refinance your existing loan for a lower interest rate or extend the tenure of the existing loan. This reduces the EMIs and ensures that you meet all the payments.
    • Prepayment: If you have lesser EMIs left on any loan, then prepay them and close the loan. You will then have a higher disposable income. You will also stand a chance of getting a higher amount loan.
    • Have both secured and unsecured loans: Have a mix of both the secured and unsecured loans. Build equal credit and asset. Secured loans are looked at favourably and it increases your eligibility.
    • Don’t apply for too many loans at a time: If you are in need of a loan, then don’t apply at all the banks at one time. All the banks will run a credit check together and it gets recorded in your credit report. This will also look bad on your report and also affects your credit score.
    • Don’t have too many credit cards: Having too many credit cards is also unfavourable. Though you may not have used up all the credit on the cards, it will however considerably lower your overall credit limit.

    FAQs on Bajaj Finserv Personal Loan Eligibility

    Q. What are the age limits required for a salaried individual to take a Bajaj Finserv personal loan?

    A.Applicant must be at least 25 years old but not more than 58 years of age.

    Q. What is the minimum income requirement for a salaried applicant?

    A.The minimum monthly net salary requirement for the various cities are as follows:

    • Rs.40,000 or more for salaried individuals of Delhi, Mumbai, Hyderabad, Bangalore, Chennai and Thane.
    • Rs.35,000 or more for salaried individuals of Ahmedabad, Pune, Kolkata, Aurangabad, Baroda, Chandigarh, Cochin, Coimbatore, Gandhinagar, Ludhiana, Madurai, Mandi Gobindgarh, Indore, Jaipur, Jalandhar, Mysore, Nagpur, Nasik, Panchkula, Panipat, Patna, Rajkot, Ranchi, Trichi, Trivandrum, Vijayawada, Yamunanagar, Jamnagar, Jamshedpur, Jodhpur, Kanpur, Karnal, Khanna, Kolhapur, Kota, Madurai, Mangalore and Mohali.

    Q. What is the maximum amount sanctioned towards personal loan by Bajaj Finserv?

    A. The maximum amount sanctioned towards personal loan is Rs.25 lakhs.

    Q. What is the tenure for personal loan offered by Bajaj Finserv?

    A.Bajaj Finserv offers personal loan for a tenure ranging from 12 months to 60 months.

    Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a best experience with Bajaj Finserv for personal loan, the loan amount was for Rs 63000 with 0% interest rate which is very good. Customer service was good and their response was on time. The tenure period for this loan was for 6 months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      It has been a good experience which i had with this loan and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been nominal when compared with the market rate and there has not been any additional charges which has been made by them. Their customer support has also been responsive as well.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 19, 2018
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Bajaj Finserv from long time,the loan amount which they have given me was sufficient and the rate of interest they have charged me was up to 30% it was bit higher and the processing fee was nominal, there was no hidden charges they have taken apart from that, overall service is good.
      Was this review helpful? 5
      , gurgaon
      Reviewed on Nov 16, 2018
    • Bajaj Finserv Personal Loan
      "Fradulant practices in Bajaj"
      0.5 1.0/5 "Really Bad"
      They have provided highest interest rate and highest processing fee. Its like the cheating company. I have closed the loan within a month because of this issue. They have charged huge number of amount before disbursing the loan. I have applied the loan amount of Rs, 3 lakhs but they have provided Rs. 21 lakhs without any prior intimation. They have said I'm eligible for 21 lakhs they have charged the processing fee for Rs. 21 lakhs instead of Rs. 3 lakhs. I have complained to them and there was no action taken from them.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 16, 2018
    • Bajaj Finserv Personal Loan
      "Bad service"
      0.5 1.0/5 "Really Bad"
      I have been holding my personal loan with BAJAJ FINSERV for long time, the loan amount was not sufficient for me they have given me up to 40,000 , the rate of interest they have charged me was too high they have charged up to 20% and processing fee they have charged me and there i where using bajaj finserv card they had block my card as my loan amount was not clear and there service is not good.
      Was this review helpful? 3
      , pune
      Reviewed on Nov 15, 2018
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 2.0/5 "Expected more"
      I have personal loan with Bajaj Finserv, the customers response is bad. They have huge interest rate around 19.6% for the amount of Rs. 99,000. Bajaj IVR helpline is very bad, most of time it can't be reachable and it wont connect with the executive, they need work on their service.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 14, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Services"
      0.5 3.0/5 "Satisfactory"
      The personal experience was cool. I have got the loan 5 years back During that time the loan process was good. I have chosen the loan for 5 years however i have closed the loan within 2 years. They have given me a partial payment options and there is no charges for pre-closure. They have sanctioned me a loan amount of Rs. 3.5 lakhs.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 13, 2018
    • Bajaj Finserv Personal Loan
      "Good company offering various options to the customer. "
      0.5 4.5/5 "Excellent!"
      I have bought a very less amount of Rs. 1 lakhs and they have charged me a 13% as a interest rate. Even through its a small company, they have a wide range of products available. The interest rates are very less companies. They have very good franchise. I didn't find any kind of hassles and the branch office available all over India even in a small places also. Their support has been really good.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 12, 2018
    • Bajaj Finserv Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the loan from the BAJAJ FINSERV and i have taken the personal loan before five months. The rate of interest is 14% which is higher compare to the others but the part payment option is there in this loan. the duration is for three years to pay the loan.
      Was this review helpful? 5
      , bellary
      Reviewed on Nov 07, 2018
    • Bajaj Finserv Personal Loan
      "Interst rate should be reduced"
      0.5 1.0/5 "Really Bad"
      I have loan with Bajaj Finserv for the amount of Rs.1.5 lakh, they gave me the higher interest around around 29% for the tenure of 36 months. I am not happy with the interest rate part and they have taken processing fee from the loan disbursement amount.
      Was this review helpful? 6
      , kanpur
      Reviewed on Nov 05, 2018
    • Bajaj Finserv Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I also have a personal loan with Bajaj Finserv, the services are very good and there are no hassles in the overall experience. There are options for part payment and pre closure too. There were follow up calls as well in the process. Good in all.
      Was this review helpful? 8
      , pune
      Reviewed on Oct 30, 2018
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience with this loan has not been bad. The process in getting the loan has been smooth and easy but the interest rate with them has been very high when compared with the market rate. There has been some charges as well which has been made. Their customer support has been helpful at times.
      Was this review helpful? 6
      , lucknow
      Reviewed on Oct 29, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience in getting this loan has been smooth and easy and i had taken this loan for my personal purpose. The interest rate with them has been nominal when compared with the market rate, and there has not been any sort of additional charges. The loan amount which they had given me also had been satisfactory as well.
      Was this review helpful? 8
      , bangalore
      Reviewed on Oct 25, 2018
    • Bajaj Finserv Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Bajaj finance which they approved in 2-3 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 1-5 year and i make the payment monthly though ECS There is nominal processing fees also,
      Was this review helpful? 13
      , chennai
      Reviewed on Oct 17, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with this loan has been good and they had given me a loan amount of 5,00,000 which has been satisfactory. The interest rate with them has been okay but there has been charges made by them which was not even intimated. They had promised something and had taken something.
      Was this review helpful? 14
      , hyderabad
      Reviewed on Oct 17, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been smooth and easy and the loan amount which they had provided had been satisfactory. They had been charged me with some processing fee but there has not been any sort of additional charges. The interest rate which they offered also had been good where it was comparatively less.
      Was this review helpful? 11
      , bangalore
      Reviewed on Oct 15, 2018
    • Bajaj Finserv Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Bajaj finance pvt . Am satisfied with the rate of interest which they have provided . There is no processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 36months . They did quick documentation and received the loan.
      Was this review helpful? 12
      , new delhi
      Reviewed on Oct 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with Bajaj Finserv for personal loan, the process was smooth and i received my loan amount on time. The loan amount was for Rs 1 lac with high interest rate. Customer service was good and the tenure period for this loan is for 2 years.
      Was this review helpful? 10
      , new delhi
      Reviewed on Oct 08, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The loan experience i had with them has been pretty good and the loan amount which they had provided had been sufficient. The process has been completely online and it has been easy except they had collected the cheques directly. The interest rate has been less when compared with the market rate, and their customer support has also been good as well.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Oct 06, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      The process was smooth with Bajaj Finserv for personal loan and it was a good experience. The loan amount was for Rs 1.6 lacs with high interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 10
      , hyderabad
      Reviewed on Oct 01, 2018
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