Apoorv Chaudhary
by on May 14, 2021

There are plenty of personal loan providers to choose from. And while this has provided loan applicants with more options to choose from, it has also made it more difficult to choose the best personal loan lender for them. To make things a little easier for you, in this article we'll talk about Bajaj Finserv personal loan, one of the most well-known and well-respected personal loan lenders in the sector who also caters to almost all of the loan seekers need. 


Life can be described as a journey full of surprises; often we love and enjoy them, but there are other times when they cause us anxiety. A personal loan from Bajaj Finserv can be considered the best and most suitable choice in this situation. 

  • Unsecured Loan: Bajaj Finserv's loan is an unsecured loan, which means there is no collateral or guarantor needed to secure the loan. Both salaried and self-employed borrowers may apply for a personal loan from Bajaj Finserv.  
  • Flexible Repayment Period: Personal loans from Bajaj Finserv have a 5-year flexible repayment period. A personal loan with a flexible repayment period and low monthly payments are available to you.  
  • Perfect for Emergencies: We budget our monthly and annual expenses, but there are periods when unexpected financial obligations arise. A personal loan from Bajaj Finserv might be the ideal solution to meet your immediate cash needs. Another advantage of applying for a personal loan from Bajaj Finserv is that you do not need to explain why you are taking a personal loan to someone.  
  • It Saves Time: You want fast cash, and Bajaj Finserv provides it to you flawlessly.  
  • Flexible repayment tenure: Bajaj Finserv provides a flexible repayment tenure of up to 60 months, allowing you to select the best fit and most convenient loan repayment tenure for you. As a result, you would not need to change your needs during the tenure because they can be changed according to your needs and convenience.  
  • Managing the Loan Online: As previously mentioned, a personal loan from Bajaj Finserv can be obtained via online loan processing, which has given great convenience to the loan seeker with features such as online loan management. For example, if you applied for a personal loan in Gujarat and then relocated to another city, you can easily manage and monitor the status of your loan from wherever you are.  
  • Easily accessible: Bajaj Finserv has been providing financial services for nearly a decade. It has spread its influence all over the place during this period. Especially with the advancements in online loan processing technology.  
  • Enhanced Convenience: Bajaj Finserv's loan online services have made it easier for you. It's as simple as filling out the online loan application form, attaching all relevant documents, and ensuring that you meet the Bajaj Finserv credit score eligibility criteria.  
  • Multi-Purpose Loan: A Bajaj Finserv personal loan can be used for a variety of purposes, such as purchasing a two-wheeler or a four-wheeler, paying off wedding expenses, and so on. 


Criteria for applying for a Bajaj Finserv Personal Loan 

  • The applicant must be a salaried employee with a steady stream of income. 
  • A personal loan from Bajaj Finserv is also available to self-employed and salaried applicants. 
  • To be eligible for a Bajaj Finserv personal loan, the borrower must be at least 23 years old and no older than 60 years old. 


Here are a few tips to help you improve your loan eligibility. 

  1. Choose a longer repayment period

In general, if you want a longer repayment period, your loan eligibility improves significantly. That a longer-term demonstrates the willingness to repay a loan for a certain period in the future. To prepare your EMIs and make an educated decision, you can always use the online personal loan EMI calculators. 


  1. Keep a high credit score

If you have a good credit score for a long time, lenders would see you as a reliable applicant rather than a risk. 


  1. On-time payment of credit card bills

When it comes to making payments, timely payment of credit card bills portrays you as a disciplined creditor in the eyes of the lender. This will help you become more qualified and have a positive effect. 


  1. Rental Income (Residential or Commercial)

When applying for a loan, having an additional source of income in the form of rentals is a positive addition to your current financial situation. 


Bajaj Finserv Personal Loan Documents Needed 

  • A copy of your passport/Voter ID card/Driving license/Aadhaar card, 
  • A completed personal loan application form. 
  • Address evidence (copies of passports, voter ID cards, driver's licenses, and Aadhaar cards). 
  • A bank statement from the previous three months (Passbook of the past 6 months). 
  • The most recent pay stub. 
  • A salary certificate with the most recent date. 
  • 16th Form 
  • Returns on investment 



Lastly, availing of a personal loan from Bajaj Finserv is much easier as it comes with easy eligibility criteria in a short time. 

Posted in: Finance, Loan
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