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  • Bajaj Finserv Personal Loan Eligibility Calculator is Rated as "Great!" by 1734 Users

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    Bajaj Finserv Personal Loan Eligibility Calculator

    About Bajaj Finserv Personal Loan

    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
      "Better service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with Bajaj Finserv and the loan experience was good, the loan amount was for Rs 3.5 lakhs with high interest rate when compared to other sources. Customer service was good with Bajaj and they responded on time. The tenure period for this loan is 5 years and they 2% of the principal amount for preclosure.
      Was this review helpful? 0
      , pune
      Reviewed on May 21, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Bajaj Finserv for 11 Lakhs. The application process was easy and with in1 week the loan amount was Credited to account. The documentation and the application process was easy and hassle free. Overall it was a good expereince.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan with Bajaj Finserv and my loan experience was not good. The loan amount was for Rs 1.21 lakhs with high interest rate of 11%. The processing charges are way too high when compared to other sources. Customer service was not up to the mark and i received my loan amount within a week.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2018
    • Bajaj Finserv Personal Loan
      "Bajaj personal loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from BAJAJ FINSERV and the approved loan mount was 1 lakhs. The rate of interest was 17%.The interest was bit high.The monthly EMI comes around 4412 and the total tenure was for 3 years.The customer service and response with them was good.It was a pre approved loan and got the loan amount with in 1 day.
      Was this review helpful? 0
      , thrissur
      Reviewed on May 15, 2018
    • Bajaj Finserv Personal Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from BAJAJ FINSERV and the approved loan amount was 30000. When i applied for the the rate of interest with them was very high.The monthly emi was 2500 for 3 years and i have foreclose the loan after 1.5 years. There was no foreclosure charges with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 13, 2018
    • Bajaj Finserv Personal Loan
      "Dont' Go for Personal Loan in Bajaj"
      0.5 1.0/5 "Really Bad"
      I really fed up with the charges in Bajaj Finserv. Their interested rate is 14%. I have taken a loan amount of Rs.1.41 lakh. They deducted Rs.12000 for processing charges and insurance. I closed the loan within 3 months. I'm not aware of the all these things. I made the EMI payment of Rs. 6000 with the Tenure of 50 months. I had a worst service with them. Service charges is Rs.5000 to close the loan in 3 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2018
    • Bajaj Finserv Personal Loan
      "BEST SERVICE"
      0.5 4.0/5 "Great!"
      Taken personal loan from Bajaj finserv , with high rate of interest while comparing to other banks available in market. Easy approval process , am satisfied with the loan amount based on my requirements . Customer service and customer response is best in clearing queries .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 08, 2018
    • Bajaj Finserv Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I like to bank with Bajaj Finserv because I get regular updates to my email and most of my relatives and friends bank with them. I have taken a personal loan known as Flexi pay. The benefit is this facility is that I would be allotted an amount of loan, I can use the amount what I am in need off and pay the interest rate only for the used amount and not the amount that was allotted for me. The rate of interest is of 14.25% which is on the higher side for me.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 30, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      My experience with Bajaj Finserv for personal loan was good, the process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The tenure period of this loan is 5 years and i preclosed the loan within 6 months.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 26, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took BAJAJ FINSERV personal loan few years ago and the loan is fully paid and it is closed. I'm happy with their customer service and assistance. The loan processing was quick and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 23, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I got the personal loan from the BAJAJ FINSERV around 8 months ago. They have offered me the loan amount of Rs,60,000 and the rate of interest and the charges are pretty high with the BAJAJ FINSERV personal loan services. I would say I have got an average service from bajaj,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 19, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with BAJAJ 4 years back. The loan amount was 4 lakhs and the interest rate was 15.25% which is bit high than other banks. Here there is no option to do the balance transfer. The processing fee was quite high . The pre closure is charges are there .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The transparency is not seen in the BAJAJ FINSERV personal loan process. I have got the personal loan from the BAJAJ FINSERV around 2 years ago. The customer support service and the response is not up to the mark and they don't give proper updates to the customers.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 16, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan with Bajaj finserv and my loan experience was not up to the mark. The rate of interest of 19% is way high when compared to other sources in the market. Customer service was average and the loan amount of this loan is Rs 50000-60000. I have a tenure period of 3 years for this loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 11, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj finserv was very good, the loan amount was for Rs 75000 with rate of interest of 23% which is high when compared to other sources. The process was quick and i received my loan amount on time. Customer service was good and i am not aware of the tenure period of this loan.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 06, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have got the BAJAJ FINSERV personal loan around a year ago. The customer support service is good with the BAJAJ FINSERV and they give good response to the customers. This BAJAJ FINSERV personal loan gave me the average interest rate and i am satisfied with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 05, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service is average with the bajaj finserv. I have got the loan from the BAJAJ around 2 years ago. The customer support service and the response is good with the bajaj and they give good response to the customers. The rate of interest and the charges are average with the bajaj finserv.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 03, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The Bajaj finserv has disbursed the loan amount within 3 days of time. The required loan amount has been given and I am satisfied with it. The rate of inters and the charges are average with the Bajaj finserv personal loan process. The customer support service is good with the bajaj finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 29, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan from the BAJAJ FINSERV around a year ago. The rate of interest and the charges are very high. The hidden charges are seen in the BAJAJ FINSERV personal loan process. The promises need to be fulfilled by the BAJAJ FINSERV.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 28, 2018
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserv has offered me a personal loan based on my consumer durable track. The customer support service and the response is good with the bajaj finserv and they give good response to the customers. They have offered me Rs,1,00,000 and I am satisfied with it. The rate of interest and the charges are low with the bajaj finserv consumer durable loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 28, 2018
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