Bajaj Finance Personal Loan Highlights | ||
Salaried | Self-employed Professionals/Non Professionals | |
Interest Rate | 11% p.a. onwards | 15%-25% p.a. |
Loan Amount | Up to Rs 40 lakh | Up to Rs 50 lakh |
Tenure | Up to 8 years | Up to 8 years |
Processing Fee | Up to 3.93% of loan amount | Up to 2.95% of loan amount |
Minimum Monthly Salary | Rs 25,001 |
Note: Rates as of 5th June 2023

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Table of Contents
Bajaj Finance Personal Loan Interest rates
Bajaj Finance Personal Loan interest rates would depend on various personal loan eligibility criteria such as credit score, age, employment, monthly income and debt-to-income ratio. The existing customers may be offered personal loans at more favourable interest rates.
Loan Type | Interest Rate (p.a.) |
Personal Loan for Salaried | 11% onwards |
Personal Loan for Self-employed | 15%-25% |
Personal Loan for Doctors | 11%-18% |
Personal Loan for Chartered Accountants | 11%-18% |
Comparison of Personal Loan Interest Rates offered by Different Lenders
Banks/NBFCs | Interest Rates(p.a.) | |
HDFC Bank | 10.50% onwards | Apply Now |
SBI | 11.00%-15.00% | |
ICICI Bank | 10.50% onwards | Apply Now |
Axis Bank | 10.49% onwards | Apply Now |
Kotak Mahindra Bank | 10.99% onwards | Apply Now |
IndusInd Bank | 10.49% onwards | Apply Now |
IDFC First Bank | 10.49% onwards | Apply Now |
Bajaj Finserv | 11.00% onwards | Apply Now |
Tata Capital | 10.99% onwards | Apply Now |

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Bajaj Finance Personal Loan Fees and Charges
For Salaried Applicants
Processing Fee | Up to 3.93% of loan amount |
Document/Statement Charges/Account Statement/Repayment Schedule/Foreclosure Letter/Interest Certificate/No dues certificate/Documents list | Rs 50 |
Penal Interest | 2%-4% p.m. |
Part pre-payment Charges | 2% + taxes |
Bounce Charges | Rs 600-Rs 1,200 |
Stamp Duty | As per actuals |
Mandate Rejection Service Charge | Rs 450 |
Annual Maintenance Charges
Flexi Term Loan | 0.25% + taxes |
Flexi Hybrid Loan | 0.25% + taxes |
Foreclosure Charges
Term Loan | 4% + taxes |
Flexi Term Loan | 4% + taxes |
Flexi Hybrid Loan | 4% + taxes |
For Self-Employed Applicants
Fee Type | Charges |
Processing Fee | Up to 2.95% of loan amount |
Bounce Charges | Up to Rs 3,000 |
Penal Interest | 2% p.m. |
Document Processing Charges | Rs 2,000 + taxes |
Outstation Collection Charges | NA |
Document/Statement Charges | Rs 50 |

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Types of Bajaj Finance Personal Loan
Personal Loan for Salaried Individuals
- Purpose: Collateral-free personal loan for salaried individuals for meeting their various financial requirements such as travel, wedding, medical emergencies, education, debt consolidation, home renovation, etc.
- Loan Amount: Up to Rs 40 lakh
- Tenure: Up to 8 years
Personal Loan for Self-employed Individuals
- Purpose: Personal loan for self-employed is offered to meet the business/professional as well as personal requirements
- Loan Amount: Up to Rs 50 lakh
- Tenure: Up to 8 years
Personal Loan for Doctors
- Purpose: Personal loan for doctors is offered for financing the personal and professional needs of doctors including enhancement of medical practice.
- Tenure: Up to 8 years
- Loan Amount: Up to Rs 55 lakh
Personal Loan for Chartered Accountants
- Purpose: Loans for meeting the personal and professional needs of chartered accountants including a family wedding, vacation, home renovation, education, debt consolidation, etc.
- Loan Amount: Up to Rs 55 lakh
- Tenure: Up to 8 years
Flexi Personal Loan
- Purpose: Credit facility similar to personal loan overdraft facility wherein the applicant can withdraw funds from a pre-approved limit offered on the basis of their credit profile.
Other Personal Loans
- Travel Loan – To meet the travel expenses including hotel bookings, flight tickets, etc.
- Wedding Loan – Wedding loan meets the wedding related expenses of applicants
- Loan for Medical Emergencies – Finance facility meet the expenses related to planned and unplanned medical emergencies. Select customers of Bajaj Finance can avail pre-approved personal loan for medical emergency.
- Debt Consolation Loan – Personal loan for debt consolidation is a refinancing facility for lowering debt burden by using the new personal loan proceeds availed at lower interest rates to repay existing loans/credit card dues (availed at higher rate of interest)
- Loan for Higher Education – Individuals planning to finance their child’s higher education, especially those who cannot avail education loan can avail loan for higher education. Also know about personal loan v/s education loan for funding higher education.
- Home Renovation Loan – Collateral-free loan facility for meeting the expenses related to home renovation and repair
- Loan to Purchase Used Cars – To fund the purchase of used/pre-owned cars at attractive interest rates

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Eligibility Criteria for Bajaj Finance Personal Loan
Bajaj Finance Personal Loan eligibility criteria is set on the basis of age, profession, monthly income, credit score and nationality of its personal loan applicants. Below-mentioned are the personal loan eligibility criteria set by Bajaj Finance.
For Salaried Applicants
- Age: 21-80 years
- Nationality: Indian
- Profession: MNC/Public/Private company
- CIBIL Score: 685 or higher
- Minimum Monthly Salary: Rs 25,001 onwards, based on the city the applicant lives in
For Self-Employed Applicants
- Age: 24-70 years
- Nationality: Indian
- Credit Score: 685 or higher
- Business vintage of at least 3 years
For Doctors
- The applicant should be an Indian resident
- Minimum age of the applicant should be 22 years at the time of loan application and 72 years at the time of loan maturity
- CIBIL Score: 685 or higher
- Super specialist doctors (MD/DM/MS) and graduate doctors (MBBS) having an MBBS degree registered with the medical council are eligible for Bajaj Finance personal loans
- Dentists (BDS/MDS) having at least 5 years of post-qualification experience can also avail personal loans from Bajaj Finance
- Ayurvedic and Homeopathic doctors (BHMS/BAMS) should have a post-qualification experience of minimum 2 years
For Chartered Accountant
- Applicant should be 22 years at the time of loan application and 72 years at the time of loan maturity
- The applicant should have at least 2 years of professional experience
- Chartered Accountants owning a house or office in the city where Bajaj Finance operates are also eligible for availing Bajaj Finance Personal Loan
- CIBIL Score: 685 or higher

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Documents Required for Bajaj Finance Personal Loan
Key documents that are required while applying for a personal loan with Bajaj Finance are as follows:
For Salaried Applicants
- KYC Documents
- Salary slips for last 2 months
- Employee ID card
- Bank account statement for last 3 months
For Self-Employed Applicants
- KYC Documents (PAN Card, Aadhaar Card, Passport, Voter ID, Driving License)
- Proof of business ownership
- Other Financial Documents
For Doctors
- KYC of authorized signatories
- Certificate of medical registration
For Chartered Accountants
- KYC documents such as Aadhar card, voter ID, driving license, PAN card or any other government approved KYC document
- Address Proof documents including electricity bill, passport, rent agreement, etc.
- Practice certificate
- Bank account statement
- Ownership proof for at least one property

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Bajaj Finance Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395

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Bajaj Finance Customer Care
Helpline number: +91-8698010101
Know more about Bajaj Finance Personal Loan Customer Care numbers and Grievance Redressal process.
FAQs
Q. Can I foreclose or prepay the Bajaj Finance personal loan?
A. Yes, you can foreclose your Bajaj Finance personal loan account. A foreclosure charge of 4% is applicable on the outstanding principal. You can also make part-prepayments of your personal loan subject to 2% of the outstanding loan amount after complete payment of your first EMI.
Q. What are the factors that affect the interest rates of Bajaj Finance Personal Loan?
A. The personal loan interest rates approved by Bajaj Finance would depend on various personal loan eligibility criteria such as credit score, age, employment, monthly income and debt-to-income ratio. The existing customers may be offered personal loans at more favourable interest rates.
Q. At what minimum credit score can I avail personal loan from Bajaj Finance?
A. You should have a credit score of 750 or more to avail Bajaj Finance Personal Loan.
Q. Can I choose between fixed or floating rate for Bajaj Finance personal loan?
A. Bajaj Finance offers personal loans only at fixed rates of interest.
Q. Do I need any security or guarantors while applying for Bajaj Finance Personal Loan?
A. Bajaj Finance does not require any security, collateral or guarantor for availing personal loans.