The following steps need given below need to be followed when applying for a Bajaj Finance Personal Loan: 

1. Fill the application form of Bajaj Finance.
2. Submit key documents like KYC and Financial which are related to salaried individuals.
3. Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
4. Bajaj Finance Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
5. Finally after completion of the disbursement process Bajaj Finance issues a cheque in favour of the applicants.

There are a few documents that you are required to submit while applying for a personal loan. They are given in the table below:

Because it is fast and easy to sanction. Provides customers who have healthy financial records
Besides, minimum documentation is required to apply for and secure an Bajaj Finance Personal Loan.

Bajaj Finance provides you with ‘Instant’ personal loan sanction. In some cases they give sanction to a personal loan application in 2 – 3 working days.

700 Onwards is the minimum CIBIL score that you need to secure a Bajaj Finance Personal Loan.

The minimum personal loan amount sanctioned by Bajaj Finance is Rs 4 Lakh and maximum loan amount is up to 40 lakhs.

There is no compulsion on taking co-applicant while applying for a Bajaj Finance Personal Loan. However, if you have one it only helps in enhancing your loan eligibility and prove to the lender your ‘Creditworthiness’.

During the tenure of your Bajaj Finance Personal Loan the rate of interest (ROI) will change depending on the type of ROI you select. For example, if you opt for a floating interest rate then there will be frequent changes. However, if you select a fixed rate then there will be no changes.

If you have IT returns to show for three financial years then, it only increases your loan eligibility making it easier to secure a Bajaj Finance Personal Loan. Moreover, you can still secure a personal loan from Bajaj Finance despite not possessing IT returns to show for three financial years, only if you are looking to secure a small loan amount and have a good CIBIL score.

After you receive sanction on your Bajaj Finance Personal loan, it should take about 1 -2 working days to get disbursed.

Additional details about Bajaj Finance Personal Loan are given below: 

1. Types of Bajaj Finance Personal Loan:

   There are a few types of Bajaj Finance Personal Loan they are given below: 

   1. Personal Loan for Salaried Individuals:

       It is a personal loan scheme to help salaried individual fulfill financial requirements related to travel, education, medical emergencies 

   2. Personal Loan of Self-Employed Individuals:

       This is a personal package designed specifically for self-employed individuals to meet their business/professional requirements. 

   3. Personal Loan for Doctors:

       It is a program that is curated for doctors to help finance their professional and personal requirements. 

   4. Personal Loan for Chartered Accountant:

      This package is provided to help fulfill financial needs of  a Chartered Account in terms of business expansion, business travel, office renovation etc. 

   5. Flexi Personal Loan:

      It is a personal loan overdraft facility which allows the applicant to withdraw funds using a pre-approved limit offer. Usually, it is provided as per credit profile. The benefit of this scheme is that the applicant can pay when he/she has a surplus amount in their account. 

      Some other personal loans provided by Bajaj Finance are given below: 

      1. Personal loan for medical emergency 
      2. Personal loan for wedding 
      3. Personal loan for higher education 
      4. Debt consolidation