Eligibility criteria and documents required
Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria of our online personal loan, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 55 lakh. Meet the easy personal loan eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.
Eligibility criteria
- Nationality: Indian
- Age: 21 years to 80 years*
- Employed with: Public, private, or MNC
- CIBIL score: 685 or higher
- Customer profile: Self-employed or Salaried
Documents required
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
*You should be 80 years* or younger, at the end of loan tenure.
*Higher age limit is applicable at the time of loan maturity.
Check your personal loan eligibility
Find out how much loan amount you can get.
How to apply for a personal loan
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Frequently asked questions
If you are an existing customer with a pre-approved offer, you might not need to provide any documents. In case you are asked for any documents, you will have to provide the following:
- KYC documents such as Aadhar card, passport, driving license, voter’s ID, or a Letter of National Population Register
- PAN card
- Cancelled cheque
- Bank account statements for the last 3 months
- Salary slips for the last 3 months
A salaried applicant is required to submit these personal loan documents:
- Passport-size photographs
- KYC documents – Aadhaar, PAN, voter’s ID, driving license, passport
- Bank account statements for the previous 3 months
- Salary slips for the last 3 months
The personal loan document requirements may vary from lender to lender. Below are the income documents that are required to be submitted when applying for a Bajaj Finance Personal Loan:
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
You must submit a copy of your original KYC documents while applying for a personal loan.
A CIBIL Score of 685 and above is ideal for getting speedy approval on your Bajaj Finance Personal Loan application.
The personal loan requirements may differ from lender to lender. You can qualify for a Bajaj Finserv Personal Loan once you meet the simple eligibility criteria mentioned below:
- Nationality: India
- Age: 21 years to 80 years*.
- Employed with: Public, private, or MNC.
- CIBIL score: 685 or higher.
- Customer profile: Self-employed or Salaried
*You should be 80 years* or younger, at the end of the loan tenure. Also, visit our personal loan page and check the criteria mentioned to be eligible for a Bajaj Finance Personal Loan.
Check the loan amount you can borrow with the help of our personal loan eligibility calculator.
With a Bajaj Finserv Personal Loan, you can get funds up to Rs. 55 lakh. The loan amount can range from Rs. 20,000 to Rs. 55 lakh which can be used to pay for all your big or small medical expenses.
You can apply for the Bajaj Finserv Personal Loan if you are between the age range of 21 years to 80 years**. Younger applicants generally get a higher loan amount as they have more earning years ahead of them.
*You must be 80 years* or younger, at the end of the loan tenure.
Yes, usually after loan sanction and before disbursement, you may need to submit documents like identity proof, or income verification, depending on the lender's requirements. Always check with the lender before applying for a personal loan.
A minimum salary of Rs. 25,001 is required for availing of a Bajaj Finserv Personal Loan. However, it may vary depending on the city where you live.
Here is a list of personal loan documents required to apply for a loan:
- KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID/ driving license/ Letter of National Population Register
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the last 3 months
The speed of your personal loan documentation process depends on the lender's policies, your responsiveness, and the complexity of your application. Typically, it can take anywhere from a few hours to a few days for initial approval, and additional time for document verification and processing, varying between lenders.
Obtaining a personal loan without documents is typically not possible with any lender, as documentation is crucial to assess creditworthiness and mitigate the risk of the borrower.
