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Introduction Personal Loan

One of the leading players in the personal loan business, Bajaj Finserv Lending personal loans can be availed for your personal use without providing security or guarantors.

You can apply online now to avail a personal loan for the renovation of your home, a marriage in the family, a holiday with your family, medical expenses or for an emergency.

We offer loans that are convenient, flexible, come with fast processing and have superior features like Nil prepayment charges. Bajaj Finserv Lending personal loans will ease your burden and add to your joys.

Features &
Benefits
Features and Benefits - Personal Loan

Features

Bajaj Finserv Lending Personal Loans comes with the following unique Features:
• Personal Loan Amount ranging between Rs.1 lac to Rs.30 lacs
• Nil foreclosure charges *
Part Prepayment facility * - Now, be rewarded for repaying your loan on time and reduce your EMI or tenor or both by using the part prepayment facility .You can prepay upto 6 times in a calendar year at any interval with the minimum amount per prepay transaction being not less than 3 EMI’s and there is no limit on the maximum amount.
• Flexible repayment options of 12 to 60 months
• Personal Loan details and payment options available online


Benefits

Bajaj Finserv Lending Personal Loans comes with the following unique Benefits:

Prompt Repayment Benefit - Bajaj Finance offers an exclusive benefit to the customers who pay all their EMI’s on time. Subject to timely clearance and no delays of all EMI’s for total tenor. BFL would refund 1% of the annualized interest amount paid. The same will be paid every 12 months of the total tenor
• Hassle free documentation & loan approval
• Door Step Service
• Direct Credit to your account
• Attractive & customized life insurance products


*Applicable following 1st EMI clearance.

 

Eligibility
& Documents
Eligibility and Documents - Personal Loan
Eligibility

Salaried:

Individuals working for top Indian & Multinational companies are eligible for a personal loan. Gross Monthly Salary requirement is as follows:

Rs 75,000 per month (For Delhi/NCR, Mumbai, Hyderabad, Bangalore and Chennai locations)
Rs 40,000 per month (For other locations)

 
Documents
Documents Required for a Personal Loan
Photograph
Color Passport size photograph (signed across the photograph)
Financials
Salary Slip of last 3 months
Bank Statements
Continuous recent 3 month bank statement of salary account
Employment Proof
Employee ID Card and Visiting card
Work Experience Document

Current employment

Appointment Letter / Form 16 / 1 year old salary slip
Previous employment

Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip

KYC
Identity Proof
Passport / Voters ID card / Driving License / PAN Card
Address Proof

Passport / Driving License / Ration card / Latest Mobile Bill / Letter from Employer (with HR /Admin sign)

Signature Proof

Passport / PAN Card / Driving License / Photo Credit card (front only) / Banker Verification Letter

Age Proof
Passpor t/ PAN Card / Driving License / Birth Certificate


 


Fees &
Charges
Fees and Charges - Personal Loan

 


Type of Fees Charges Applicable
Processing Fees on Personal Loan 2% - 3% of the loan amount
Foreclosure Charges* NIL
EMI bounce charges Rs 1,000 for every bounce
Penal Interest 2.00% p.m

* Applicable following 1st EMI clearance

 
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