Bajaj Finserv Personal Loan

Also read: Best Personal Loan in India

• Purpose:  Bajaj Finance provides Personal Loans for Self-employed individuals to address both their business/professional and personal needs.
• Loan Amount: Up to Rs 50 lakh
• Tenure: Up to 8 years

• Purpose: If you have a fixed monthly income, you can get Personal Loans for Salaried from Bajaj Finserv to cover your needs like travel, weddings, medical emergencies, education, consolidating debts, home renovations, and more.
• Loan Amount: Up to Rs 40 lakh
• Tenure: Up to 8 years

• Purpose:  Bajaj Finance provides Personal Loans designed specifically for Chartered Accountants, helping with things like growing their business, covering work-related travel, renovating offices, funding weddings, travel, home improvements, and managing debt.
• Loan Amount: Up to Rs 55 lakh
• Tenure: Up to 8 years

• Purpose: Bajaj Finance provides Personal Loans specifically designed for doctors. This loan can be used to support various personal and professional needs of doctors, including clinic renovation, practice expansion, and upgrading equipment.
• Loan Amount: Up to Rs 55 lakh
• Tenure: Up to 8 years

• Purpose: Bajaj Finance Flexi Personal Loan is an overdraft facility allowing applicants to withdraw funds from a pre-approved limit based on their credit profile. Repayment can be done whenever the applicant has extra funds, and interest is only charged on the withdrawn amount until it's repaid.

• Wedding Loan: Customers can use Bajaj Finance Marriage Loan to cover expenses related to their wedding, including venue and décor, jewelry and outfits, entertainment, photography, and more.
• Personal Loan for Medical Emergencies: Bajaj Finance provides a Personal Loan for Medical Expenses to help cover both planned and unplanned medical emergencies. This includes expenses for diagnostics, hospital bills, cosmetic procedures, physiotherapy, and more. Additionally,eligible Bajaj Finserv customers can take advantage of a pre-approved Personal Loan for Medical Emergencies.
• Debt Consolation Loan: A Personal Loan for Debt Consolidation is like a money-saving plan. It helps you lower the burden of your debts by using a new loan with lower interest rates to pay off your existing loans or credit card dues, which usually have higher interest rates.
• Loan for Higher Education:  If you're looking to fund your child's higher education and can't qualify for a traditional education loan, you can consider Bajaj Finance's Personal Loan for Higher Education.
• Personal Loan for Home Expenses: Individuals can take advantage of a Personal Loan for Home Expenses to fulfill financial needs associated with home-related expenses such as purchasing, renovating, repairing, furnishing, and more.

Also read: Best Personal Loan Status

Bajaj Finance decides if you're eligible for a Personal Loan based on a few factors. They look at your age, job, monthly income, credit score, and nationality. Here are the criteria you need to meet for a Bajaj Finance Personal Loan:

• Age: You should be between 24 and 70 years old.
• Nationality: Indian
• Credit Score: Your credit score must be 685 or higher.
• Business Vintage: For applicants with a business, the business should have a vintage of at least 3 years.

• Age: You should be between 21 and 80 years old.
• Nationality: Indian
• Profession: You should be working in an MNC, public, or private company.
• CIBIL Score: Your credit score should be 685 or higher.
• Minimum Monthly Salary: You need a minimum monthly salary of Rs 25,001, and it may vary based on the city where you live.

• Age: The applicant should be 22 years old at the time of applying for the loan and not exceed 72 years at the time of loan maturity.
• Professional Experience: A minimum of 2 years of professional experience is required.
• Chartered Accountants: Chartered Accountants who own a house or office in the city where Bajaj Finance operates are also eligible for availing Bajaj Finance Personal Loan.
• CIBIL Score: A CIBIL Score of 685 or higher is necessary.

• Residency: The applicant must be a resident of India.
• Age: The applicant should be at least 22 years old at the time of applying for the loan and not older than 72 years at the time of loan maturity.
• Professional Experience: A minimum of 2 years of professional experience is required.
• CIBIL Score: A minimum CIBIL Score of 685 or higher is required.
• Medical Professionals Eligibility:
• Super specialist doctors (MD/DM/MS) and graduate doctors (MBBS) with an MBBS degree registered with the medical council are eligible.
• Dentists (BDS/MDS) need to have at least 5 years of post-qualification experience.
• Ayurvedic and Homeopathic doctors (BHMS/BAMS) should have a post-qualification experience of a minimum of 2 years.

Also read: Best Personal Loan Eligibility

Documents that are required while applying for a personal loan with Bajaj Finance are as follows:

For Salaried Applicants

For Chartered Accountants

For Doctors

Also Read: Best Personal Loan Documents Required