Bajaj Finserv offers personal loans up to ₹55 lakh, with interest rates starting from 10% p.a. As of June 2026. Over 5 crore people in India trust Bajaj Finserv for their financial needs, making IT a prominent NBFC in the personal loan segment.
| Parameter | Details |
|---|---|
| Maximum Loan Amount | Up to ₹55 lakh |
| Interest Rate (as of June 2026) | Starting from 10% p.a. |
| Loan Tenure | 12 months to 108 months (up to 96 months in some cases) |
| CIBIL Score Requirement | 650 or higher (750+ for easier approval) |
| Processing Fees | Up to 3.93% of the loan amount (or up to ₹4,999, some sources mention ₹7,000 for ₹4 lakh loan) |
| Disbursal Time | Within 24 hours of approval; Insta Personal Loans: 30 minutes to 4 hours |
| Approval Letter Time | Within 48 hours |
| Amount Transfer Time (after approval) | Within 24 hours |
| Loan Processing Time | 2-3 days (alternative: around 15 days) |
| Foreclosure Charges | Up to 5% of outstanding loan amount (minimum ₹500); 4.5% + GST on dropped-down limit for overdraft cases after 6 months |
| Part Prepayment Charges | 2% to 4% of the principal outstanding |
| Flexi Facility Charges | No Flexi facility charges |
| Minimum Monthly Income | ₹15,000 (generally set by most lenders) |
| Applicant Age Group | 23 years to 59 years (salaried employees) |
| Application Process | Online application, instant approval, minimal documentation |
| Customer Base | Over 5 crore people in India (Source: Bajaj Finserv, 2026) |
| App Users | 50 million+ (Bajaj Finance App) |
| Corporate Office Address | 6th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014 |
Bajaj Finserv personal loans are unsecured, catering to diverse needs like weddings, home renovations, or debt consolidation, with flexible repayment options.
Interest Rates & Charges (2026)
Bajaj Finserv personal loan interest rates start from 10% p.a. As of June 2026, making IT a competitive option for various financial needs. The processing fee can go up to 3.99% of the loan amount, inclusive of taxes.
| Metric | Value | Source |
|---|---|---|
| Interest Rate (Starting) | 10% p.a. (June 2026) | Bajaj Finserv Official Website |
| Maximum Loan Amount | ₹55 lakh | Bajaj Finserv Official Website |
| Loan Tenure (Maximum) | 108 months (9 years) | Bajaj Finserv Official Website |
| Processing Fee (Up to) | 3.99% of loan amount (inclusive of taxes) | Bajaj Finserv Official Website |
| Balance Transfer Interest Rates (Starting) | 11.99% p.a. | Wishfin |
| Balance Transfer Interest Rates (Maximum) | 17% p.a. | Wishfin |
| Balance Transfer Processing Fee (Up to) | 2.5% of the loan amount | Wishfin |
| Foreclosure Charges (Balance Transfer) | Nil | Wishfin |
| Flexi Facility Charges | No Flexi facility charges | Bajaj Finserv Official Website |
| Foreclosure Charges (Overdraft Cases) | 4.5% + GST (on dropped-down limit amount, for foreclosure after 6 months) | Bajaj Finserv |
| Minimum Monthly Income (General) | ₹15,000 | Paisabazaar |
| Minimum CIBIL Score | 650 | Bajaj Finserv Official Website |
| Disbursal Time (Insta Personal Loan) | 30 minutes to 4 hours | Bajaj Finance |
| Disbursal Time (Standard) | Within 24 hours (after approval letter) | Bajaj Finserv |
| Approval Letter Time | Within 48 hours | Bajaj Finserv |
The final interest rate and applicable charges depend on your credit score, income, and loan tenure, with a CIBIL score of 750 generally securing better terms.
Eligibility Criteria & Documents
To qualify for a Bajaj Finserv Personal Loan in 2026, applicants must be Indian citizens with a CIBIL score of 650 or higher. The minimum monthly income requirement is ₹22,000, varying by city, and applicants should be salaried individuals.
| Requirement | Details | Mandatory Document |
|---|---|---|
| Citizenship | Residing citizen of India | Proof of Identity (Aadhaar Card, Passport) |
| Employment Type | Salaried individual employed with an MNC, public, or private company | Work experience documents (Appointment letter, Form 16, 1-year-old salary slips) |
| Age | Minimum 21 years to 80 years (at loan maturity); 23-59 years for application (salaried) | Proof of Age (Aadhaar Card, Passport, PAN Card) |
| CIBIL Score | 650 or higher (685+ for better terms, 750+ for hassle-free processing) | Not a document, but credit report is internally checked |
| Minimum Monthly Income | ₹22,000 (Bajaj Finserv specific); ₹25,001 depending on city | Salary account statements (last three months) |
| Application Form | Filled application form with personal details and loan requirements | Duly filled application form |
| KYC Documents | Basic Know Your Customer (KYC) documents | Proof of Identity, Proof of Address (Aadhaar Card, Passport, PAN Card, Utility Bills) |
| Income Proof | Regular income, stable employment or business | Bank account statements, salary slips, Form 16 |
| Self-Employed Individuals | Can apply with consistent income proof and CIBIL score of 685 or above | Income proof (ITR, bank statements), Business proof |
| Co-Applicant | Spouse, parents, or siblings can be co-borrowers to increase approval chances | Co-applicant’s KYC and income documents |
Meeting these criteria and providing the necessary documents ensures a smoother and faster personal loan application process with Bajaj Finserv.
Features & Benefits
Bajaj Finserv Personal Loans offer quick access to funds, with disbursal possible within 24 hours for approved applicants (Source: Bajaj Finserv). Over 5 crore people trust Bajaj Finserv for their financial needs, reflecting its widespread acceptance.
- High Loan Amount: You can avail a personal loan up to ₹55 lakh, suitable for significant financial requirements like home renovations or weddings.
- Flexible Repayment Tenure: Bajaj Finserv offers flexible repayment tenures extending up to 96 months (8 years), allowing for manageable EMIs.
- Instant Approval: The loan application process includes instant approval for eligible applicants, streamlining access to funds.
- Minimal Documentation: The application requires minimal documentation, simplifying the overall process for borrowers.
- Quick Disbursal: Approved loan amounts can be disbursed into your bank account within 24 hours, addressing urgent financial needs promptly.
- No Collateral Required: Bajaj Finserv Personal Loans are unsecured, meaning you do not need to pledge any collateral.
- Pre-Approved Offers: Existing Bajaj Finance customers may qualify for pre-approved personal loans, offering an even faster application route.
- Flexi Facility: While standard loans have fixed EMIs, Bajaj Finserv also offers a Flexi facility, though specific charges for this are not applicable for standard personal loans.
These features make Bajaj Finserv Personal Loans a versatile option for various personal and professional financial needs.
Bajaj Finserv Vs. HDFC Personal Loan
Bajaj Finserv offers personal loans up to ₹55 lakh with interest rates starting from 10% p.a., while HDFC Bank also provides competitive rates. Bajaj Finserv emphasizes quick disbursal, often within 24 hours, and requires a CIBIL score of 650 or higher for eligibility.
| Feature | Bajaj Finserv | HDFC Bank |
|---|---|---|
| Interest Rate (p.a.) | 10% p.a. Onwards (as of June 2026) | 9.99% p.a. Onwards (verify current rate with lender) |
| Maximum Loan Amount | ₹55 lakh | Up to ₹40 lakh (verify with lender) |
| Loan Tenure | Up to 108 months (9 years) | Up to 60 months (5 years) (verify with lender) |
| Processing Fees | Up to 3.93% of the loan amount | Up to 2.50% of the loan amount or ₹4,999, whichever is lower (verify with lender) |
| Disbursal Time | Within 24 hours (for most cases) | Within 10 seconds for pre-approved HDFC Bank customers; others 4 hours to 7 days (verify with lender) |
| CIBIL Score Requirement | 650 or higher | 750 or higher (recommended for best rates) |
| Minimum Monthly Income | ₹15,000 (generally for salaried) | ₹25,000 (for metro cities, verify with lender) |
| Flexi Facility Charges | No Flexi facility charges | Not applicable for standard personal loans |
Bajaj Finserv focuses on a streamlined digital application process, often leading to instant approval and quick disbursal. HDFC Bank, a major private sector bank, offers personal loans with competitive rates and benefits for existing customers.
Loan Variants & Specific Purposes
Bajaj Finserv offers diverse personal loan variants tailored for specific financial needs, with options for salaried individuals, Chartered Accountants, and women. These loans provide amounts up to ₹55 lakh, with flexible repayment tenures extending up to 108 months.
| Type/Category | Key Feature | Ideal For |
|---|---|---|
| Personal Loan (General) | Unsecured loan, instant approval, quick disbursal (within 24 hours) | Medical emergencies, weddings, home renovation, travel, education, or any legitimate purpose. |
| Personal Loan for Salaried Individuals | Collateral-free, fast approvals, minimal paperwork, flexible repayment up to 108 months, Flexi variants for part-prepayment | Salaried employees (private limited, MNC, start-up employees) to meet planned or unplanned expenses like medical emergencies, home renovation, debt consolidation, wedding expenses. |
| Personal Loan for Chartered Accountants (CAs) | Tailored to meet professional and personal needs | CAs for business expansion, business travel, office renovation, wedding, travel, home renovation, debt consolidation. |
| Insta Personal Loans | Pre-approved offers for existing customers, minimal to no documentation, disbursal within 30 minutes to 4 hours | Eligible individuals for urgent needs like medical emergencies, home renovation, weddings, or other personal requirements. |
| Personal Loan for Women | High loan amounts (up to ₹50 lakh), flexible repayment tenures (6 to 96 months), no end-use restrictions, unsecured | Women professionals (salaried or self-employed) for travel, wedding, higher education, home renovation, medical expenses, or business funding. |
| Flexi Hybrid Loan | Unique variant to lower EMIs, flexible repayment up to 108 months | Borrowers looking for flexible repayment options and the ability to manage EMIs efficiently. |
| Term Loan | Fixed amount, repaid over a set period with regular installments, typically at a fixed interest rate | Individuals who prefer a structured repayment plan with predictable EMIs. |
These specialized loan products from Bajaj Finserv allow borrowers to choose an option that best aligns with their financial situation and repayment preferences.
EMI Calculation & Repayment
Bajaj Finserv personal loans offer flexible repayment tenures up to 96 months, allowing borrowers to manage their monthly EMIs effectively. As of June 2026, interest rates start from 10% p.a., influencing the total EMI amount.
You can calculate your estimated EMI by considering the loan principal, interest rate, and chosen tenure. For instance, a loan of ₹5 lakh at 12% p.a. For 5 years results in an EMI of approximately ₹11,122 per month. Bajaj Finserv disburses the entire loan amount upfront, with fixed EMIs covering both principal and interest.
Bajaj Finserv provides instant approval for personal loans, with disbursal typically within 24 hours for approved applications. Some Insta Personal Loans may even be disbursed within 30 minutes to 4 hours. The lender requires a CIBIL score of 650 or higher for eligibility.
Key Takeaways
- Bajaj Finserv offers personal loans up to ₹55 lakh with repayment tenures extending up to 96 months.
- Interest rates for Bajaj Finserv personal loans start from 10% p.a. As of June 2026, impacting EMI calculations.
- Loan disbursal can occur within 24 hours of approval, with some instant loans disbursed in as little as 30 minutes.
Check your eligibility and apply for a Bajaj Finserv Personal Loan on their official website to get a personalized offer.
Frequently Asked Questions (FAQs)
What is the interest rate for a Bajaj Finserv Personal Loan in 2026?
As of June 2026, Bajaj Finserv Personal Loan interest rates start from 10% p.a. The exact rate depends on your eligibility and credit profile. You can check your personalized offer directly on the Bajaj Finserv website.
What is the maximum loan amount I can get from Bajaj Finserv?
Bajaj Finserv offers personal loans up to ₹55 lakh. The final approved amount depends on your income, CIBIL score, and other eligibility criteria. This allows for significant financial flexibility for various needs.
What CIBIL score is required for a Bajaj Finserv Personal Loan?
A CIBIL score of 650 or higher is generally required to be eligible for a Bajaj Finserv Personal Loan. A higher score, typically 750+, can help you secure more favourable interest rates. Maintaining a good credit history is for loan approval.
What are the eligibility criteria for a Bajaj Finserv Personal Loan?
To apply for a Bajaj Finserv Personal Loan, you must be an Indian citizen and a salaried employee. Your age should be between 23 and 59 years. Meeting these basic criteria is for your application.
What documents do I need for a Bajaj Finserv Personal Loan application?
You will need identity proof (Aadhaar, PAN), address proof, bank account statements, and salary slips for the last few months. Salaried individuals also need work experience documents like an appointment letter or Form 16. Ensure all documents are current and valid.
How quickly does Bajaj Finserv disburse personal loan amounts?
Bajaj Finserv is known for fast loan disbursal, often crediting the approved amount to your bank account within 24 hours of approval. This quick process helps address urgent financial needs efficiently. The entire loan amount is disbursed in one go.
Can I get a Bajaj Finserv Personal Loan if I am self-employed?
While Bajaj Finserv primarily personal loans for salaried individuals, they also offer specific financial products for self-employed professionals. Check their website or contact them directly for self-employed loan options and eligibility. Requirements may differ from salaried loans.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI / IRDAI) before deciding.