| Particulars | Details |
|---|---|
| Age | 21 to 80 years (should be 80 years or below at loan maturity) |
| Employment | Salaried & Self-employed |
| Minimum Monthly Income | Varies based on applicant profile and lender assessment |
| Nationality | Indian |
| Credit Score | 760 or above preferred |
| Loan Amount | Rs. 40,000 to Rs. 55 lakh |
| Tenure | 12 to 108 months |
Bajaj Personal Loan Eligibility - Calculate Eligibility Online (2026)
Bajaj Personal Loan Eligibility at a Glance
Bajaj Personal Loan Eligibility Criteria
Applicants should qualify for the lender's basic eligibility requirements before apply for personal loan:
Age Requirement
Minimum Salary Requirement
There is no universally fixed salary requirement disclosed. Eligibility depends on:
Higher income generally improves loan eligibility.
Employment Eligibility
Bajaj Finance accepts applications from:
Applicants working in public sector companies, private companies, and multinational companies (MNCs) have relatively higher chances of approval.
Credit Score Requirement
CIBIL score of 760 or above is generally preferred. However, since Bajaj Finserv is an NBFC, applicants with a lower score also qualify for the loan, albeit at higher rates and stricter terms.
A higher credit score may improve:
Work Experience
Applicants should have stable employment or a consistent business history. Longer work experience and stable income generally improve eligibility.
Nationality
The applicant must be an Indian citizen.
Benefits of Checking Personal Loan Eligibility Before Applying
Some of the benefits of checking Bajaj personal loan eligibility before applying are mentioned below:
Factors Affecting Bajaj Personal Loan Eligibility
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Check Your Personal Loan Eligibility with Paisabazaar
Paisabazaar Personal Loan Eligibility Calculator is a simple online tool designed to give you an estimate of the loan amount you could qualify for before you apply. It evaluates important financial factors such as your monthly income, existing EMI obligations, preferred loan tenure, and repayment capacity to calculate your estimated eligibility.
By using this calculator, you can get a clearer idea of your borrowing capacity, compare available loan options, and select a repayment plan that aligns with your financial goals. It also helps you make better-informed borrowing decisions and prepare confidently before submitting your loan application
Factors Used in Eligibility Calculator
The calculator generally considers the following factors:
Reasons Why Bajaj Personal Loan Application May Be Rejected
Your application may be rejected for several reasons, including:
Documents Required for Bajaj Personal Loan Eligibility
| Document | Purpose |
|---|---|
| PAN Card | Identity Verification |
| Aadhaar Card / Passport / Voter ID / Driving Licence | Address Verification |
| Salary Slips | Income Verification for Salaried Applicants |
| Bank Statements | Income Verification |
| ITR | Income Proof for Self-employed Applicants |
| Passport Photo | KYC Requirements |
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FAQs
What is the minimum salary required for a Bajaj Personal Loan?
Bajaj Finance does not publicly specify a fixed minimum salary for all applicants. Eligibility depends on your income, repayment capacity, employment profile, and other internal assessment criteria.
What is the minimum CIBIL score required?
A CIBIL score of 760 or above is generally preferred for Bajaj Personal Loan applications. However, applicants with a CIBIL score of 650 and above can get their loans approved.
How can I check Bajaj Personal Loan eligibility online?
You can check your eligibility by using the Bajaj Personal Loan Eligibility Calculator. Enter details such as your monthly income, existing EMIs, and loan tenure to receive an estimated eligible loan amount.
Does checking eligibility affect my credit score?
No. Using an eligibility calculator or checking preliminary eligibility does not affect your credit score. A hard credit enquiry occurs only when you submit a formal loan application that has the potential to lower your score.
Can self-employed individuals apply for a Bajaj personal loan?
Yes. Bajaj Finance offers personal loans to both salaried and self-employed individuals, subject to their meeting the eligibility criteria.
What is the maximum loan amount available?
Eligible applicants can avail of a personal loan ranging from Rs. 40,000 up to Rs. 55 lakh, depending on their profile and lender assessment.
What documents are required for eligibility verification?
Commonly required documents include PAN Card, Aadhaar or other valid KYC documents, salary slips, bank statements, employee ID, photographs, and Income Tax Returns for self-employed applicants.
Can I get a personal loan with an existing loan?
Yes, you can get a new personal loan even after you have an ongoing loan. However, your existing EMIs are considered while assessing your repayment capacity. High outstanding obligations may reduce your eligible loan amount.
How does the Personal Loan Eligibility Calculator work?
The calculator estimates loan eligibility by analysing your monthly income, existing EMIs, FOIR, repayment capacity, and selected loan tenure to calculate the approximate loan amount you may qualify for.
Can increasing the loan tenure improve eligibility?
Yes. Choosing a longer repayment tenure generally reduces the monthly EMI, which may improve your loan eligibility. However, it can also increase the overall interest paid over the loan tenure, resulting in a higher cost of credit.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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