7-4-287, Navajeevan Nagar, Ferozguda, secundrabad - 500011.
Personal Loan
Personal Loan- Overview
When you need money but don't want to deal with the headache of borrowing from friends or family, a personal loan can be a real blessing. You can quickly and easily obtain a personal loan, whether you need it for short-term cash or short-term medical expenditures, a wedding or foreign trip, home remodelling or study abroad costs. A personal loan is practical since you can pay it back over time in manageable instalments and you can receive the money quickly and with little to no paperwork.
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Easy documentation
Easy documentation
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Low interest rates
Low interest rates
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Improve credit score
Improve credit score
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Tax benefit
Tax benefit
Personal Loan Features
Offers for New Customers
3 Unique Variants
Loan of up to Rs. 40 Lakh
Tenure of up to 84 Months
No Guarantor / Collateral
No Hidden Charges
AVS Marketing
Features and Benefits of
our Personal Loan
Debt consolidation
Combining multiple debts into a single loan with a lower interest rate to save money on interest payments and make it easier to manage debts
Home renovation
Using a personal loan to fund home renovation projects can increase the value of your home and improve your living conditions.
Medical expenses
If you have unexpected medical expenses, such as emergency surgery or hospitalization, a personal loan can help cover the costs.
Emergency Expenses
A personal loan can help cover unexpected expenses like medical emergencies or car repairs to avoid financial hardship.
Personal Loan Eligibility and Documents
Read on to know the criteria required to apply for our Personal Loan.
Personal Loan Eligibility Criteria
Age (21 to 60 years)
Monthly income( Min-15,000)
Credit score above 650
Debt-to-income ratio
Employment stability
Clear repayment history
Documents required to apply for Personal Loan
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Identity Proof - Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
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Proof of Residence or Address Proof - Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Ration Card
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Age Proof - Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
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Income Proof - 1 year Bank statement, 3 months Salary Slips
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Employment Proof - Employment Certificate, Office address proof
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GST or VAT Registration for Self-employed
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Photograph - Passport-size photographs
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Business proof - Business registration documents such as a partnership deed, Memorandum of Association (MOA), Articles of Association (AOA), etc.
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Income tax returns – Documents of the past 2-3 years to verify income and tax payment history
Fees and Charges for Personal Loan
The fees and charges of personal loans usually vary from lender to lender and from case to case. The below table gives you a clear idea of the charges related to personal loans.
Particulars
Charges
Loan Processing Fees
2999/- to 5% of Loan Amount
Loan Cancellation
Usually 3000 to 5% of Loan Amount
Stamp Duty Charges
150/- to 300/-
Legal Fees
As per actuals
Penal Charges
Usually 2% per month
EMI / Cheque Bounce Charges
Approx 499/- to 599/-
We always help
They frequently asked
questions
? How Is Personal Loan Eligibility Calculated?
You are eligible for a Personal Loan if you are a salaried professional aged between 25 and 58 years.
? How Can You Check Personal Loan Eligibility?
You are eligible for a Personal Loan if you are a salaried professional aged between 25 and 58 years. Open the loan eligibility calculator Select the city of residence, date of birth, monthly income and monthly expenses Once you select these fields, the tool will show an amount that you will be eligible for You can apply for the same amount and get quick loan approval online
? How Much Personal Loan You Can Get On Your Salary?
A final, personal loan amount that you can get from a lender depends on your salary, city of residence, age and other eligibility criteria. The best thing to know how much personal loan you can get on your salary will be using the personal loan eligibility calculator. It will tell you the amount that you can apply for as the loan after you select your city, age, salary and monthly expenses on the tool. This way, you can apply for the eligible amount and avoid the chances of rejections.
? What Is The Personal Loan Eligibility For Salaried Employees?
A personal loan for salaried employees can be availed if you can meet some eligibility conditions. Have a look at the personal loan eligibility of Bajaj Finserv: You need to be a residing citizen of India You should be aged between 23 and 55 years to apply for personal loan You need to be employed with a private, public limited company, or an MNC
? How To Qualify For A Personal Loan?
Qualifying for a personal loan is easy if you can meet the eligibility criteria of Bajaj Finserv and submit some documents. You should be aged between 23 and 55 years
? What Is The Minimum Salary Required For A Personal Loan?
The minimum salary for personal loans that you need to be earning will depend on your city of residence. The minimum salary that you need to be earning is Rs.25,000 and that depends on your city. But, if you are earning Rs.25,000, then you can’t apply for a loan in Pune. It is because the minimum salary in Pune is Rs.35,000. The minimum salary required to apply for personal loans will differ from cities to cities.
