Personal Loan Eligibility Criteria
Checking your eligibility is a crucial step before applying for a personal loan. When applying for a personal loan, you need to check whether you fulfill the basic eligibility criteria, as this will help in simplifying the application process. Hence, it is important to know the basic personal loan eligibility criteria for instant approval of your loan application.
- You must be a citizen of India.
- You must be a salaried individual.
- Salaried individuals between ages 23 - 58 are eligible and can apply for a Personal Loan.
Personal Loan Eligibility Calculator
The Personal Loan Eligibility Calculator is the quickest way to calculate your personal loan eligibility criteria. All you need to do is enter your net income and the Equated Monthly Installments (EMI) amount that you are comfortable paying.
Conventional, offline methods for checking your personal loan eligibility and applying for the same are time-consuming, inefficient, and quite frankly, outdated! Finserv MARKETS puts all these problems aside and has simplified the entire process to make it seamless, easy, convenient and hassle-free.
You can easily use the Personal Loan Eligibility Calculator by providing information in two fields mentioned below:
Your net income per month
The total EMI amount you are planning to pay in order to repay your loan amount
You are eligible for a loan amount of
You are eligible for a loan amount of
Personal Loan Eligibility Criteria for Salaried Employees
For salaried employees, personal loan can be availed if you can fulfill the eligibility conditions. Qualifying for a personal loan is quite easy if you can meet the eligibility criteria and submit the required documents. Let’s have a look at the personal loan eligibility criteria:
The applicant should be aged between 23 and 55 years
If you are an Indian resident you are eligible for a personal loan
You should be an employee at MNC, private or a public limited company
KYC documents
Employee ID card
Salary slip of the last 2 months
Salaried bank account statement of the last 3 months
Along with these, the lender will also run a check at your CIBIL score and credit history before approving your personal loan application. This information will help to indicate your ability to make timely repayments or else your application may get rejected. This points to the fact that having a good CIBIL score is crucial to availing credit.
The best way to know how much personal loan you can get based on your salary will be by using the personal loan eligibility calculator. It will show you the final amount that you can apply for, this way, you can apply for the eligible amount and avoid rejection of your personal loan application. However, when you apply for a personal loan you should always look for interest rates & charges. Finserv MARKETS, offers the most attractive Bajaj Finance Personal Loan interest rate offers with no hidden charges.
Read more to know How can you Increase your Chances of Getting a Personal Loan
Documents Required for Personal Loan
It is mandatory to meet the documentation requirements for verification purposes in order to avail a personal loan. Hence, it advisable to keep your documents like Aadhaar Card and PAN Card, Leave and License Agreement, Bank Statements etc. in place for instant approval of the personal loan.
To get a detailed list of documents, you should check out our Personal Loan Documents pages.
Personal Loan Interest Rate and Charges
At Finserv MARKETS, you can assured that you will get a competitive interest rate for your personal loan application. We charge a minimal processing fee of up to 3.99% of your loan amount.
To get a holistic view about our interest rates and other fees, you can visit our Personal Loan Interest Rates page.
Benefits of Personal Loan with Finserv MARKETS
Get a Personal Loan from Finserv MARKETS and avail the below benefits:
Fast Process
Instant Loan approval,
Minimal documentation
Customized Personal Loan which meet your set of requirements
- Personal Loan in Mumbai
- Personal Loan in Delhi
- Personal Loan in Bangalore
- Personal Loan in Hyderabad
- Personal Loan in Coimbatore
- Personal Loan in Pune
- Personal Loan in Chennai
- Personal Loan in Ahmedabad
- Personal Loan in Vadodara
- Personal Loan in Chandigarh
- Personal Loan in Nagpur
- Personal Loan in Lucknow
- Personal Loan in Jaipur
- Personal Loan in Kolkata
- Personal Loan in Goa
- Personal Loan in Trivandrum
- Personal Loan in Aurangabad
- Personal Loan in Bhopal
- Personal Loan in Bhubaneshwar
- Personal Loan in Cochin
- Personal Loan in Mysore
- Personal Loan in Rajkot
- Personal Loan in Raipur
- Personal Loan in Indore
- Personal Loan in Madurai
- Personal Loan in Surat
- What are the Eligibility Criteria for Personal Loan on Finserv MARKETS?
- What is the eligibility of a Bajaj Finance personal loan?
- How Company Status Can Impact Your Personal Loan Eligibility
- Know How Your Age Can Affect Your Personal Loan Eligibility
- What is the Eligibility Criteria for a Bajaj Finserv Personal loan?
Frequently Asked Questions on Personal Loan
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✔️Do I have to provide any security, collateral or guarantors when applying for a Bajaj Finserv loan?
None, whatsoever! At Finserv MARKETS we trust our customers and hence do not ask for collateral. -
✔️Can I carry out the application process in a conventional manner offline?
At Finserv MARKETS, we strongly believe in the power, speed, transparency, and efficiency of our online platform. Hence, our operations are exclusively online and we recommend the same to our customers as well. -
✔️Do you offer balance transfer facility for Personal Loans?
We do not offer balance transfer for personal loans. -
✔️How secure is my information when applying for Bajaj Finserv pre-approved loan?
All sensitive information like personal and financial data is heavily encrypted and safeguarded through our robust security systems. No individual apart from the authorized Finserv MARKETS personnel can access and process your information. All things considered, this makes it more safe and secure than convention offline loan applications, which involve a lot of paperwork that, many people can access. -
✔️Can I avail a pre-approved Bajaj Finserv Personal Loan if I am self-employed?
If you are self-employed, do check out the ‘Self-Employed’ section under Business Loans to find out more. -
✔️Can I avail of a NRI Personal Loan?
At this moment, we offer a Bajaj Finserv loan only salaried Indian residents. -
✔️Are there any hidden charges when applying for a Bajaj Finserv pre-approved loan?
At Finserv MARKETS, we’re committed to being 100% transparent and clear. There are no hidden charges or fees, whatsoever!
Happy Customers of Finserv MARKETS
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