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Bajaj Finance Salaried Personal Loan

बजाज फाइनेंस वेतनभोगी पर्सनल लोन

Standard personal term loan from Bajaj Finance up to ₹40 Lakhs with fixed EMIs.

Max Loan Amount

₹50,000 to ₹40,00,000 (standard term loan)

Interest Rate

11.00% - 26.00% p.a. (risk-grade fixed)

Tenure

12 to 84 months

Processing Fee

Up to 3.93% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Standard fixed-tenure amortizing personal term loan from Bajaj Finance for salaried employees requiring a lump sum amount with fixed monthly EMIs.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• High foreclosure charges of 4.72% on outstanding principal. • Upfront processing fee of up to 3.93% deducted from disbursed proceeds. • High interest rates up to 26% for non-prime borrowers.

✦ Key Benefits & Features

• High loan quantum up to ₹40 Lakhs without pledging assets • Quick sanction and disbursal within 24 hours • Flexible repayment tenure up to 7 years (84 months) • 100% paperless digital onboarding process.

✦ Prepayment, Part-Payment & Foreclosure Rules

Part-payment allowed with 2% fee; foreclosure fee of 4.72% (inclusive of GST) on principal outstanding.

✦ Eligibility Requirements

Salaried corporate employees and professionals. Min Age: 21, Max Age: 68. Min Net Monthly Salary: ₹25,000. Min CIBIL: 720.

Min Age21 Years

Max Age68 Years

Min Monthly Income₹25,000

Min CIBIL Score720+

✦ Documents Required

• Identity Proof: PAN Card and Aadhaar Card • Employment Proof: Employee ID Card • Income Proof: Last 3 months payslips • Bank Statement: Last 3 months salary bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open Bajaj Finserv App > Personal Loan banner. Select amount and tenure, complete OTP authentication.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit bajajfinserv.in > Personal Loan. Submit mobile number, PAN, and link bank statement via Account Aggregator.

Pathway C

Branch Walk-In Application

1. Visit nearest Bajaj Finserv branch with payslips and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Bajaj Finserv Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Bajaj Finance Salaried Personal Loan

What is the difference between Term Loan and Flexi Loan?

Term loan disburses a lump sum with fixed EMIs; Flexi loan allows drawing and repaying funds as a line of credit.

What is the foreclosure fee?

4.72% (inclusive of GST) on the principal outstanding at the time of foreclosure.

What is the minimum credit score required?

A minimum CIBIL score of 720 is recommended.