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What are the Eligibility Criteria for Personal Loan on Finserv MARKETS?

By Bajaj Markets - Dec 25,2019
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A financial emergency could arise at any point of time. But that’s no longer the only reason to go for a personal loan. Millennials are taking loans for a variety of reasons. In the past five years itself, loan credit of the average Indian has risen significantly. A majority of this rise is accounted for by unsecured personal loans.

A lot of this has to do with changes in purchasing power and lifestyles. Millennials believe in spending on things that they love, like travel. They are taking loans for a variety of purposes, ranging from their dream holiday to renovating their houses.

If you, too, are one of them and are exploring personal loan options or are likely to do so in the future, you could consider the Personal Loan, available on Finserv MARKETS.

Be it a medical emergency, your wedding,or your dream vacation, personal loans on Finserv MARKETS provide you with a variety of loan amounts and flexible repayment tenures. Let us further understand what the eligibility criteria are for such loans.

What are the basic Bajaj Finserv Personal Loan eligibility criteria?

  • You should be a citizen of India.
  • You should be earning a salary.
  • Your age should be between 23 to 58 years

How can you check your Bajaj Finserv Personal Loan eligibility?

There is a personal loan eligibility calculator on the Finserv MARKETS website, wherein all you need to do is enter the net amount that you earn per month, along with the total EMI amount that you can pay per month towards repayment of the loan. The calculator will tell you the loan amount that you are eligible for within a matter of seconds.

What are the documents that you need to apply for this loan?

  • ID proof in the form of PAN card, passport, Aadhar card, driving license, or voter ID.
  • Residence proof in the form of license agreement, electricity bill, passport or gas bill.
  • Past 3 months’ bank statement for calculating credit score, credit history, unpaid loans, and overall creditworthiness
  • Last 3 months’ salary slips

In addition to your eligibility, it is also important to understand the ins and outs of the loans that you opt for. Here are some special features of the Bajaj Finserv Personal Loan, available on Finserv MARKETS:

  • Instant loan

Whatever your needs, you can secure a loan of upto Rs.25 lakhs instantly. You can first check your Bajaj Finserv Personal Loan eligibility by keying in the above mentioned details. With lightning quick loan approvals, the money could be in your bank account within just 24 hours.

  • Exclusive offerings

There are loans specifically designed for weddings, travel plans, home renovation, top-up loans, and even Hybrid Flexi Personal Loans for greater speed and efficiency. Hybrid Flexi Personal Loans offer the exclusive benefit of interest-only EMIs in the beginning, along with flexible repayment of the principal amount, unlimited withdrawals, and no hidden charges. Plus, you don’t need to repeatedly fill physical forms for withdrawals, you can easily do it online anytime, anywhere.

  • Zero collateral

You do not need to have a collateral or even a guarantor to avail a Bajaj Finserv Personal Loan. If you are eligible and have the relevant documentation, you can go ahead and avail a loan anytime.

  • Flexibility in repayment

You can carry out repayment of your loan through easy-going EMIs over a period of 12-60 months.

  • Minimal paperwork

If you avail your loan from Finserv MARKETS, the process will be practically paperless and hassle free.

  • Value Added Services

Other benefits of such loans include a free Financial Fitness report from Finserv MARKETS. You can also get a personalized insurance plan to protect your loan liability.

What is the interest rate for Bajaj Finserv Personal Loan?

Attractive interest rates are available from 12.99% p.a.

Where can I avail a Bajaj Finserv Personal Loan from?

You can apply for a Bajaj Finserv Personal Loan on the Finserv MARKETS Customer portal for a swift, speedy and transparent application process.

What are the processing fees?

The processing fees will be upto 3.99% of the amount of the loan.

What is the personal loan online application process on Finserv MARKETS?

  • Fill a form with your personal and employment related details
  • Mention the loan amount and tenure of repayment
  • Online approval could be granted within 3 minutes, and once approved, the money will be in your account within 24 hours.

With such an easy process and flexible requirements, availing a personal loan is no more a hassle or a tedious task. Whatever your need, big or small, you can have it fulfilled right away with Bajaj Finserv Personal Loans on Finserv MARKETS.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522