Bajaj Finserv Top-Up Personal Loan

Bajaj Finserv top-up personal loan is an easy financing option for existing personal loan borrowers who need extra funds. With loan amounts of up to ₹55 Lakhs, flexible tenure, and competitive interest rates, it helps you manage urgent expenses without the need for collateral. 

You can apply for this top-up personal loan on Bajaj Markets.

A Bajaj Finserv top-up personal loan is an additional loan facility for you to fulfil your urgent or unexpected expenses. Instead of applying for a new loan, you can conveniently access additional financing on your existing loan.

It is an ideal option when you need quick access to extra funds with minimal formalities.

Here are the key details for the Bajaj Finserv top-up personal loan:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

Here is a detailed list of applicable fees and charges you may incur with a Bajaj Finserv top-up personal loan:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

To qualify for a Bajaj Finance personal loan top-up, you must meet the following eligibility requirements:

• You must be a resident of India

• Your age should be between 21 and 80 years

• You must be employed with a public sector, private company, or MNC

• Your score of 685 or above

• Your minimum monthly Salary should be ₹25,001

To apply for a Bajaj Finserv personal loan top-up, you need to provide some basic documents. Below is a list of the required paperwork:

Applying for a Bajaj Finserv top-up personal loan is quick and hassle-free for existing borrowers. Follow these simple steps to complete your application:

1. Tap on the ‘Check Eligibility’ button to begin

2. Fill in your personal and professional information correctly

3. Select ‘Bajaj Finserv’ from the list of available loan offers

4. Pick your desired loan amount and repayment period

5. Click ‘Submit’ to finish your application

Once submitted, a representative will assist you with the next steps. Upon successful document verification, the approved loan amount will be credited to your bank account.

You can easily transfer your existing personal loan to Bajaj Finserv by following these simple steps:

Step 1: Check the interest rate, processing fee, and repayment tenure offered by Bajaj Finserv. Compare it with other lenders to ensure you choose the best balance transfer option.

Step 2: Compare the new offer with your current loan and calculate the savings. Include additional costs such as foreclosure charges from your existing lender and Bajaj Finserv’s processing fee.

Step 3: Apply for foreclosure with your current lender and obtain a No-Objection Certificate (NOC).

Step 4: Apply for the balance transfer with Bajaj Finserv by submitting the NOC and other required documents. Once approved, Bajaj Finserv will pay off your existing loan, and you can continue your repayments under the new terms.

Personal loans and top-up loans provide financial flexibility, but they differ in terms of eligibility, processing, and interest rates.

• Source of Borrowing

A personal loan can be taken from any lender if you meet their eligibility and documentation requirements. However, a top-up loan is only available if you already have an active personal loan with the same lender.

• Interest Rates

Personal loan interest rates start from 10% p.a. and depend on factors like income, credit score, and employment history. Top-up loans offer interest rates based on your existing loan and repayment history

• Processing Time

Personal loans require full background checks, which can take longer, whereas top-up loans are processed faster as the lender already has your verified documents and EMI record

• Processing Fees

Personal loans may include higher processing fees due to a fresh assessment, whereas top-up loans often involve lower charges or simplified approvals.

Refer the table below:-