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  • Bajaj Finserv Personal Loan Eligibility

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  • Bajaj Finserv offers personal loans up to Rs.25 lakh for salaried individuals between 23 years and 55 years old. They take into consideration the monthly income of the salaried individual and his/her CIBIL score as factors for eligibility. Customers have the benefit of choosing flexible tenures between 12 to 60 months to repay the personal loan.

    Bajaj Finserv Personal Loan Eligibility Criteria

    Criteria Salaried
    Age 23 years – 55 years
    Income Minimum of Rs.25,000 per month (Varies between cities)
    Work Experience Should be working in an MNC, Private or Public Limited Company
    CIBIL Score 750+
    Residential Status Resident of India
    Interest Rate 12.99% p.a. onwards
    Loan Amount Up to Rs.25 lakh
    Loan Tenure 12 months – 60 months

    Factors affecting Bajaj Finserv Personal Loan Eligibility

    • Age of the applicant: Bajaj Finserv personal loan applicants between the age of 23 years old and 55 years old will be eligible to apply. Usually, the younger the applicant, the lower will be the interest rate set.
    • The monthly income of the applicant: Bajaj Finserv takes into consideration the monthly income of the applicant when assessing whether he/she is eligible for a personal loan. The minimum monthly salary that one should earn is Rs.25,000, however, the minimum monthly income varied between cities. For example, in Delhi, the minimum monthly income requirement is Rs.35,000.
    Minimum monthly income Cities
    • Goa
    • Lucknow
    • Baroda
    • Indore
    • Bhubaneswar
    • Vizag
    • Nasik
    • Aurangabad
    • Madurai
    • Mysore
    • Bhopal
    • Jamnagar
    • Kolhapur
    • Raipur
    • Trichy
    • Trivandrum
    • Vapi
    • Vijayawada
    • Jodhpur
    • Calicut
    • Rajkot
    Rs. 28,000
    • Jaipur
    • Chandigarh
    • Nagpur
    • Surat
    • Cochin
    • Ahmedabad
    • Kolkata
    • Bangalore
    • Delhi
    • Pune
    • Mumbai
    • Hyderabad
    • Chennai
    • Coimbatore
    • Ghaziabad
    • Noida
    • Thane
    • Residential status of the applicant: The applicant should be a resident of India to be eligible for a personal loan.
    • Employment status: To be eligible, the applicant should be a salaried individual in an MNC, private or public limited company.
    • CIBIL score: The personal loan applicant should have a CIBIL score of 750 + to ensure that he/she is eligible and is offered a favorable interest rate. That said, salaried individuals with a CIBIL score between 600 and 700 are eligible, but the interest rate set by Bajaj Finserv will be higher.
    • Should submit relevant documents: To qualify for a Bajaj Finserv personal loan, the applicant should submit relevant identity and address proof and income proof – 2 months’ pay slips and last 3 months’ bank statements.

    How to increase Bajaj Finserv Personal Loan Eligibility?

    • Apply when younger: The younger the applicant, the better are their chances of eligibility when applying for a personal loan. In fact, the interest rate offered by Bajaj Finserv will be better for younger applicants.
    • Ensure your CIBIL score is ideal: Having a credit score more than 750 is ideal to be eligible for a personal loan. Though Bajaj Finserv will accept applicants with a credit score between 600 – 700, the interest rate set will be higher. Applicants with a CIBIL score below 600 will not be considered eligible for a personal loan.
    • Apply if your meet the minimum monthly income requirement: Based on the city they reside in, applicants should ensure that they meet the minimum monthly income requirement to improve the chances of them being eligible for a personal loan.
    • Ensure that you have all the required documentation in place: To make sure that there are no hiccups, ensure that you have all the required documents in place – identity proof, address proof, 2 months’ pay slips, last 2 months’ bank statements of one’s salary account, etc.


    1. How to ensure that I am eligible for a loan amount that I’ve applied for?
    2. To ensure your eligibility, make use of the personal loan eligibility calculator. The eligibility calculator takes into consideration the and income of the individual and assesses whether the individual will be eligible for the loan amount that he/she wishes to apply for.

    3. Is collateral an eligibility factor for Bajaj Finserv personal loans?
    4. Bajaj Finserv offers unsecured personal loans up to Rs.25 lakh, no collateral will be required to apply for a personal loan.

    5. How long will Bajaj Finserv take to approve my application and eligibility for a personal loan?
    6. Bajaj Finserv promises approval within 5 minutes following the submission of the personal loan application.

    7. Do I need to state a particular reason to avail a personal loan from Bajaj Finserv?
    8. Not really, you can avail a personal loan for any need, such as fund a holiday or a wedding, debt consolidation, in the case of medical emergencies, etc.

    9. Can I apply for a Bajaj Finserv personal loan online?
    10. Yes, Bajaj Finserv has an online application facility for personal loans. Prior to your application, you can check your eligibility using the eligibility calculator and you can also calculate your EMI using the EMI calculator for the loan amount you wish to avail. This will help you plan your finances in advance.


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