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
Up to Rs 55 lakh (for Doctors and CAs) |
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 7th December 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 | 9%-12.50% |
Personal Loan for Chartered Accountants | 14%-17% |
Flexi Personal Loan | 14%-17% |
Comparison of Personal Loan Interest Rates offered by Different Lenders
Banks/NBFCs | Interest Rates(p.a.) | |
Axis Bank | 10.49% onwards | Apply Now |
IndusInd Bank | 10.49% onwards | Apply Now |
IDFC First Bank | 10.75% onwards | Apply Now |
HDFC Bank | 10.50% onwards | Apply Now |
ICICI Bank | 10.65% onwards | Apply Now |
Kotak Mahindra Bank | 10.99% onwards | Apply Now |
Tata Capital | 10.99% onwards | Apply Now |
Bajaj Finserv | 11.00% onwards | Apply Now |
Federal Bank | 11.49% onwards | Apply Now |
DMI Finance | 12.00% - 40.00% | Apply Now |
L&T Finance | 12.00% onwards | Apply Now |
Kreditbee | 12.25% - 30.00% | Apply Now |
MoneyTap | 13.00% onwards | Apply Now |
Piramal Finance | 12.99% onwards | Apply Now |
Aditya Birla | 13.00% onwards | Apply Now |
Moneyview | 15.96% onwards | Apply Now |
Cashe | 27.00% 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: Salaried applicants can avail Personal Loans for Salaried from Bajaj Finserv to meet their various financial requirements related to 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: Bajaj Finance offers Personal Loan for Self-employed to meet the business/professional as well as personal requirements of self-employed individuals.
- Loan Amount: Up to Rs 50 lakh
- Tenure: Up to 8 years
Personal Loan for Doctors
- Purpose: Bajaj Finance offers Personal Loan for Doctors for financing the personal and professional needs of doctors such as renovation of clinic, expansion of practice, upgradation of equipments, etc.
- Tenure: Up to 8 years
- Loan Amount: Up to Rs 55 lakh
Personal Loan for Chartered Accountants
- Purpose: Bajaj Finance offers Personal Loan for Chartered Accountants to meet the various personal and professional needs of CAs such as business expansion, business travel, office renovation, wedding, travel, home renovation, debt consolidation, etc.
- Loan Amount: Up to Rs 55 lakh
- Tenure: Up to 8 years
Flexi Personal Loan
- Purpose: Bajaj Finance Flexi Personal Loan is a Personal Loan Overdraft facility wherein the applicant can withdraw funds from a pre-approved limit offered on the basis of their credit profile. This amount can be repaid whenever the applicant has surplus amount in hand. Interest is paid only on the amount withdrawn till its repayment.
Other Personal Loans
- Wedding Loan – Consumers can avail Bajaj Finance Marriage Loan to meet their wedding related expenses such as venue and décor, jewellery and outfits, entertainment, photography, etc.
- Personal Loan for Medical Emergencies – Bajaj Finance offers Personal Loan for Medical Expenses to meet expenses related to planned and unplanned medical emergencies such as diagnostics, hospital bills, cosmetic procedures, physiotherapy, etc. Select customers of Bajaj Finserv can also 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 the regular education loan can avail Personal Loan for Higher Education from Bajaj Finance.
- Personal Loan for Home Expenses – Applicants can avail Personal loan for Home Expenses for meeting the financial requirements related to home purchase, renovation, repairs, furnishings, etc.

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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
1. Can I foreclose or prepay the Bajaj Finance personal loan?
Ans. 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.
2. What are the factors that affect the interest rates of Bajaj Finance Personal Loan?
Ans. 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.
3. At what minimum credit score can I avail personal loan from Bajaj Finance?
Ans. You should have a credit score of 750 or more to avail Bajaj Finance Personal Loan.
4. Can I choose between fixed or floating rate for Bajaj Finance personal loan?
Ans. Bajaj Finance offers personal loans only at fixed rates of interest.
5. Do I need any security or guarantors while applying for Bajaj Finance Personal Loan?
Ans. Bajaj Finance does not require any security, collateral or guarantor for availing personal loans.