A Bajaj Finance personal loan offers ₹40,000 to ₹55 lakh at interest rates of 10% to 30.5% p.a., with tenures from 12 to 108 months. Applicants aged 21 to 80 years with a CIBIL score of 650 or above and a minimum monthly income of about ₹25,001 (varies by city) can apply online and disbursal can happen within 24 hours of approval. The processing fee is up to 4.13% of the loan amount.
Bajaj Finance Personal Loan 2026: Key Highlights at a Glance
The Bajaj personal loan is an unsecured loan. It has a starting rate of 10% p.a., a maximum amount of ₹55 lakh, tenure up to 108 months, and an optional Flexi facility that can cut EMIs by up to 45%.
| Feature | Bajaj Finance Personal Loan Details (Indicative, 2026) |
| Bajaj Finance personal loan interest rate | 10% to 30.5% p.a. (fixed) |
| Loan amount | ₹40,000 to ₹55 lakh |
| Repayment tenure | 12 to 108 months (many offers cap at 96 months) |
| Processing fee | Up to 4.13% of loan amount (inclusive of taxes) |
| Minimum CIBIL score | 650 (750+ preferred for lower rates) |
| Age limit | 21 to 80 years (80 at loan maturity) |
| Minimum net salary | From about ₹25,001 per month, varies by city |
| Collateral | Not required |
| Disbursal | Within 24 hours of approval* |
| Flexi facility | Interest-only EMIs, EMI lower by up to 45%* |
| Lowest EMI per lakh | About ₹1,408 (10% p.a., 108 months) |
| Application mode | Bajaj Finance personal loan apply online via website or app |
Money in Minutes
- Cash from ₹5–10 Lakh*
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- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
Also Read: Personal Loan Without Guarantor or Collateral: 2026 Guide
What Is a Bajaj Finance Personal Loan?
A Bajaj Finance personal loan is a collateral-free loan from Bajaj Finance Limited, an RBI-registered NBFC. You can use it for any legitimate personal need, such as medical bills, weddings, travel, home renovation, education, or debt consolidation.
Because it is unsecured, you do not pledge gold, property, or any other asset. Approval depends on your income, credit score, employer profile, and existing EMIs. The entire journey, from checking your offer to KYC and disbursal, can be completed online.
Common uses of bajaj finance personal loan include:
- Medical emergencies and hospital bills
- Wedding expenses (venue, catering, jewellery)
- Home renovation and furnishing
- Domestic or international travel
- Higher education costs not covered by an education loan
- Consolidating high-interest credit card debt
Also Read: Different Types of Personal Loans in India: A Comprehensive Guide
What Is the Bajaj Finance Personal Loan Interest Rate in 2026?
The Bajaj Finance personal loan interest rate in September 2026 ranges from 10% to 30.5% p.a. Borrowers with a CIBIL score above 750, a stable salary from a reputed employer, and a low existing EMI burden are most likely to get offers near the lower end.
Bajaj Finance publishes a range, not a single rate. Your final rate appears in your offer and in the Key Facts Statement (KFS) before you sign. GST does not apply to interest. However, 18% GST is charged on fees such as processing, bounce and foreclosure charges.
Also Read: Personal Loan Rates Starting From 9.99% p.a.: Which Lenders Offer the Lowest Rate in 2026?
What Factors Decide Your Personal Loan Interest Rate at Bajaj Finance?
Your CIBIL score has the biggest impact. After that come monthly income, employer category, existing EMIs and whether you are an existing Bajaj Finance customer.
| Factor | How It Affects Your Rate |
| CIBIL score 750+ | Usually unlocks the lower end of the 10% to 30.5% range |
| CIBIL score 650 to 749 | Eligible, but the rate is often higher |
| Employer (MNC, PSU, listed company) | Stable employer profiles tend to get better pricing |
| Monthly income | Higher income improves repayment capacity and rate |
| Existing EMIs (FOIR) | A lower debt-to-income ratio improves the offer |
| Existing Bajaj Finance relationship | May qualify you for pre-approved offers |
| Tenure and amount | Affects total interest and risk assessment |
Money in Minutes
- Cash from ₹5–10 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
How to Get the Lowest Bajaj Finance Personal Loan Interest Rate
Raise your CIBIL score above 750, keep total EMIs under 50% of income, apply for only what you need, avoid multiple loan applications in a short period, and compare offers from several lenders before accepting.
- Check your CIBIL report first and fix any errors.
- Clear small outstanding loans or card dues to lower your FOIR.
- Choose a shorter tenure if your budget allows, since total interest falls sharply.
- Avoid multiple hard enquiries, as each can dent your score.
- Compare APR across lenders, not only the headline interest rate.
Also Read: How to Improve Your Low CIBIL Score From 500 to 750
Can Self-Employed Individuals Get a Bajaj Finance Personal Loan?
Yes. Self-employed applicants can apply if they meet the age, nationality, income, and CIBIL requirements. They usually submit ITRs and business bank statements in place of salary slips.
Also Read: How Does ITR Filing Impact Personal Loan Approval?
Bajaj Finance Personal Loan Fees and Charges (2026)
Key charges are a processing fee of up to 4.13%, foreclosure and part-prepayment charges of up to 4.72% on Term Loans, a Flexi facility charge of up to 0.295% to 0.472% of the dropline limit, plus stamp duty, bounce, and penal charges as per the schedule of charges.
| Charge | Amount (Inclusive of Applicable Taxes, Indicative) |
| Rate of interest | 10% to 30.5% p.a. |
| Processing fee | Up to 4.13% of loan amount |
| Flexi facility charge (Flexi Term / Dropline Loan) | Up to 0.295% of dropline limit |
| Flexi facility charge (Flexi Hybrid Term Loan) | Up to 0.472% of dropline limit |
| Foreclosure (Term Loan) | Up to 4.72% of outstanding principal on date of full prepayment |
| Foreclosure (Flexi variants) | Up to 4.72% of dropline limit as per repayment schedule |
| Part-prepayment (Term Loan) | Up to 4.72% of the amount prepaid |
| Part-prepayment (Flexi variants) | Nil |
| Bounce and penal charges | As per Bajaj Finance schedule of charges and your Key Facts Statement |
| Stamp duty | As per state laws |
| GST | 18% on fees and charges (not on interest) |
Note: Foreclosure is allowed only after the first EMI is cleared. Charges are as published by Bajaj Finance and may change.
Money in Minutes
- Cash from ₹5–10 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
Also Read: How to Make a Partial Payment for a Personal Loan
| Do You Know? Under the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 (Circular RBI/2025-26/64, DoR.MCS.REC.38/01.01.001/2025-26, dated 2 July 2025), no lender can levy pre-payment charges on floating-rate loans taken by individuals for non-business purposes, for loans sanctioned or renewed on or after 1 January 2026. Fixed-rate loans, such as the standard Bajaj Finance Term Loan, are outside this ban, so always check your loan type before planning an early closure. Source: RBI notification, rbi.org.in; summary at Business Standard. |
Bajaj Finance Personal Loan Eligibility Criteria 2026
To meet Bajaj Finance personal loan eligibility, you must be an Indian resident aged 21 to 80 years, salaried with a public, private, or MNC employer, have a CIBIL score of 650 or more, and earn a minimum net salary of Rs. 25,001 per month (higher in some cities).
| Criteria | Bajaj Finance Personal Loan Eligibility Requirement |
| Nationality | Resident Indian |
| Age | 21 to 80 years (must be 80 or younger at the end of tenure) |
| Employment | Salaried with a public, private or MNC company |
| CIBIL score | 650 or higher |
| Minimum net salary | About ₹25,001 per month, higher in some cities |
| Work experience | Stable employment history (lenders commonly look for 1 year+ total) |
Also Read: Why Was My Personal Loan Rejected Even with a Good CIBIL Score?
What Is the Minimum Salary for a Bajaj Finance Personal Loan?
The minimum salary is about ₹25,001 per month, although metro cities may require a higher income. Your final loan amount depends on your salary, existing EMIs, and credit profile.
What CIBIL Score Is Needed for a Bajaj Personal Loan?
A CIBIL score of 650 or above is required. A score of 750 or higher gives you a stronger chance of instant approval, a higher loan amount, and a rate closer to 10%.
How Much Bajaj Finance Personal Loan Can You Get on Your Salary?
At 14% p.a. and a 50% FOIR with no existing EMIs, a Rs. 50,000 monthly salary can support roughly Rs. 10.7 lakh over 5 years or Rs. 13.3 lakh over 7 years.
| Net Monthly Salary | Max EMI at 50% FOIR | Approx. Loan (5 Years @ 14%) | Approx. Loan (7 Years @ 14%) |
| Rs. 25,001 | Rs. 12,500 | Rs. 5.4 lakh | Rs. 6.7 lakh |
| Rs. 35,000 | Rs. 17,500 | Rs. 7.5 lakh | Rs. 9.3 lakh |
| Rs. 50,000 | Rs. 25,000 | Rs. 10.7 lakh | Rs. 13.3 lakh |
| Rs. 75,000 | Rs. 37,500 | Rs. 16.1 lakh | Rs. 20.0 lakh |
| Rs. 1,00,000 | Rs. 50,000 | Rs. 21.5 lakh | Rs. 26.7 lakh |
| Rs. 1,50,000 | Rs. 75,000 | Rs. 32.2 lakh | Rs. 40.0 lakh |
| Rs. 2,00,000 | Rs. 1,00,000 | Rs. 43.0 lakh | Rs. 53.4 lakh |
Assumes no existing EMIs. Actual sanctioned amount depends on Bajaj Finance’s internal assessment. Subtract your current EMIs from the “Max EMI” column to estimate your real capacity.
Money in Minutes
- Cash from ₹5–10 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
Also Read: Personal Loan for ₹25,000 to ₹50,000 Salary: Apply and Check Loan Amount
What Documents Are Required for a Bajaj Finance Personal Loan?
You need KYC documents (Aadhaar and PAN), your latest salary slips, 3 months of bank statements showing salary credit, and an employee ID card.
| Document Type | Accepted Documents |
| Identity and address proof (KYC) | Aadhaar, passport, voter ID, driving licence, NPR letter, NREGA job card |
| PAN | PAN card (mandatory) |
| Employment proof | Employee ID card |
| Income proof | Last 3 months’ salary slips |
| Bank proof | Last 3 months’ salary account statements |
| Photograph | Recent passport-size photo |
Pre-approved customers may need fewer documents, depending on the offer.
Also Read: 100% Paperless Personal Loan: Apply Fully Online
How Is the Bajaj Finance Personal Loan EMI Calculated?
Your monthly instalment is calculated with this formula:
EMI = P × r × (1 + r)^n ÷ [(1 + r)^n − 1]
Here, P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months. At 10% p.a. for 5 years, the EMI is ₹2,125 per lakh.
Bajaj Finance Personal Loan EMI Table by Loan Amount (60 Months)
A ₹5 lakh loan for 5 years costs about ₹10,624 per month at 10% p.a. At 18% p.a., it costs about ₹12,697 per month.
| Loan Amount | EMI at 10% | EMI at 14% | EMI at 18% | EMI at 24% |
| ₹1 lakh | ₹2,125 | ₹2,327 | ₹2,539 | ₹2,877 |
| ₹3 lakh | ₹6,374 | ₹6,980 | ₹7,618 | ₹8,630 |
| ₹5 lakh | ₹10,624 | ₹11,634 | ₹12,697 | ₹14,384 |
| ₹10 lakh | ₹21,247 | ₹23,268 | ₹25,393 | ₹28,768 |
| ₹20 lakh | ₹42,494 | ₹46,537 | ₹50,787 | ₹57,536 |
Bajaj Finance Personal Loan EMI per ₹1 Lakh by Tenure (10% p.a.)
At 10% p.a., the EMI per ₹1 lakh drops from ₹8,792 over 12 months to ₹1,408 over 108 months. However, a longer tenure means higher total interest.
| Tenure | EMI per ₹1 Lakh | Total Interest per ₹1 Lakh |
| 12 months | ₹8,792 | ₹5,504 |
| 24 months | ₹4,614 | ₹10,736 |
| 36 months | ₹3,227 | ₹16,172 |
| 48 months | ₹2,536 | ₹21,728 |
| 60 months | ₹2,125 | ₹27,500 |
| 84 months | ₹1,660 | ₹39,440 |
| 96 months | ₹1,517 | ₹45,632 |
| 108 months | ₹1,408 | ₹52,064 |
EMIs are rounded, calculated on a reducing balance, and exclude fees. Use the official Bajaj Finance personal loan EMI calculator for your exact figure.
What Is the Real Cost of a ₹5 Lakh Bajaj Finance Personal Loan?
A ₹5 lakh loan at 10% p.a. for 3 years has an EMI of ₹16,134 and total interest of about ₹80,809. Add a processing fee of up to ₹19,650, and the total borrowing cost is about ₹1,00,459.
| Cost Component | Amount |
| Loan amount | ₹5,00,000 |
| EMI (10% p.a., 36 months) | ₹16,134 |
| Total interest | ₹80,809 |
| Processing fee (3.93%) | ₹19,650 |
| Total cost of borrowing | About ₹1,00,459 |
The processing fee is deducted from the sanctioned amount. In this example, you receive about ₹4,80,350 in your bank account.
Money in Minutes
- Cash from ₹5–10 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
Also Read: Lowest EMI Personal Loan for ₹5 Lakh: Compare & Apply
Bajaj Finance Personal Loan Variants: Term Loan vs Flexi Term Loan vs Flexi Hybrid
Bajaj Finance offers three variants:
- Choose a Term Loan for fixed, predictable EMIs.
- Choose a Flexi Term Loan if you want to withdraw and prepay freely and pay interest only on what you use.
- Choose a Flexi Hybrid Loan if you want interest-only EMIs in the initial tenure, which can cut monthly outgo by up to 45%.
| Feature | Term Loan | Flexi Term (Dropline) Loan | Flexi Hybrid Term Loan |
| EMI structure | Principal + interest | Interest on amount used, limit drops over time | Interest-only EMIs in initial tenure, then principal + interest |
| Withdraw multiple times | No | Yes | Yes |
| Part-prepayment charge | Up to 4.72% | Nil | Nil |
| Annual maintenance charge | Nil | Up to 0.295% | Up to 0.472% |
| Best for | Salaried borrowers wanting fixed EMIs | Staggered expenses like renovation | Borrowers needing low EMIs early on |
Example: On a ₹10 lakh loan at 14% p.a., the interest-only EMI is about ₹11,667. A regular 5-year EMI would be about ₹23,268. The principal is repaid later, so total interest can be higher if you do not prepay.
Bajaj Finance Personal Loan Apply Online: Step-by-Step Process
For a Bajaj Finance personal loan apply online journey, visit the official Bajaj Finserv website or app, enter your mobile number and OTP, fill in basic details, choose the amount and tenure, complete KYC, and submit. Approval can come within minutes, and funds are typically credited within 24 hours of verification.
- Visit the official website or app: Go to bajajfinserv.in or the Bajaj Finserv app and click “Apply” on the personal loan page.
- Enter mobile number and OTP: This also shows any pre-approved offer you hold.
- Fill in personal and employment details: Name, date of birth, PAN, employer name, net monthly salary, and city.
- Choose loan amount, variant, and tenure: Select Term, Flexi Dropline, or Flexi Hybrid and check the EMI on screen.
- Complete KYC and upload documents: Use Aadhaar-based e-KYC or upload scans.
- Review the Key Facts Statement: Check APR, all fees, and the repayment schedule before accepting.
- Sign the agreement and set up e-mandate: Register auto-debit for EMIs.
- Receive disbursal: Funds are credited to your bank account after final verification.
Also Read: Get Personal Loan Approval in 10 Minutes
How Long Does Bajaj Finance Personal Loan Disbursal Take?
Bajaj Finance states that funds are typically disbursed within 24 hours of approval and document verification. This is a stated timeline, not a guarantee, and it can take longer if verification is pending.
Can You Get a Pre-Approved Bajaj Personal Loan?
Yes. Existing Bajaj Finance customers with a good repayment track record may see pre-approved offers after entering their mobile number and OTP, often with fewer documents and faster processing.
Can You Apply for a Bajaj Finance Personal Loan Offline?
Yes. You can visit a Bajaj Finance branch using the official branch locator, or contact the lender through its official customer care channels. Avoid unofficial agents who ask for upfront fees.
How Can Ruloans Help You Get a Bajaj Finance Personal Loan?
Ruloans is a financial distribution company. It helps you compare personal loan offers from 275+ partner banks and NBFCs, so you can check whether a Bajaj Finance personal loan or another lender’s offer suits your profile better. Approval and disbursal are always done by the lending bank or NBFC.
Ruloans has 25+ years of experience, a presence in 4,000+ cities and over 21 lakh customers served. It helps borrowers compare interest rates, fees and eligibility in one place. You can also apply through the Ruconnect App, where the matched partner bank or NBFC evaluates and disburses the loan.
Also Read: Best Instant Personal Loans in India 2026: Interest Rates Compared
Pros and Cons of a Bajaj Finance Personal Loan
The main advantages are high loan amounts up to ₹55 lakh, long tenures up to 108 months, fast disbursal, and Flexi options. The main drawbacks are a processing fee of up to 4.13%, foreclosure charges of up to 4.72%, and rates that can reach 30.5% for higher-risk profiles.
| Pros | Cons |
| Loan amount up to ₹55 lakh | Processing fee up to 4.13% |
| Tenure up to 108 months | Foreclosure charge up to 4.72% on all variants |
| Disbursal within 24 hours of approval | Rates up to 30.5% p.a. for weaker profiles |
| No collateral or guarantor | Penal charge up to 36% p.a. on overdue EMIs |
| Flexi variants with free part-prepayment | Flexi variants carry facility and maintenance fees |
| Fully online application | No tax benefit on personal loan repayment |
Also Read: Benefits and Drawbacks: Is a Personal Loan Right for Your Financial Needs?
Conclusion
A Bajaj Finance personal loan suits salaried borrowers who want a high loan amount, fast disbursal, and flexible repayment options. Rates range from 10% to 30.5% p.a., and fees can add a noticeable amount to your total cost. Before you apply, compare the APR, processing fee, and foreclosure terms with other lenders.
Ready to find the right personal loan? Ruloans is a financial distribution company that helps you compare offers from 275+ partner banks and NBFCs across 4,000+ cities in one place. Check your eligibility and apply for a personal loan through Ruloans or the Ruconnect App. Approval, interest rate, and disbursal are decided by the matched partner bank or NBFC.
Money in Minutes
- Cash from ₹5–10 Lakh*
- Instant approval
- Rates from 10.49% p.a.*
No hidden charges • Trusted by 1M+ borrowers across 4,000+ cities
*Interest rate subject to eligibility & credit profile. T&C apply.
FAQ
1. Does checking my Bajaj Finance personal loan offer affect my CIBIL score?
No, checking your offer with your mobile number and OTP is usually a soft check and does not lower your score. A hard enquiry is recorded only when you submit a formal loan application. Several hard enquiries in a short period can pull your score down, so apply only after you have compared offers.
2. How can I check my Bajaj Finance personal loan application status?
You can track your application status on the Bajaj Finserv app or the My Account customer portal by signing in with your registered mobile number. You can also contact Bajaj Finance through its official customer care channels. Never share your OTP or banking passwords with anyone who calls to “update” your status.
3. What happens if I miss a Bajaj Finance personal loan EMI?
A missed EMI can attract bounce charges and penal charges as listed in your Key Facts Statement. The lender also reports it to credit bureaus, which can lower your CIBIL score. Under RBI’s Fair Lending Practice (Penal Charges in Loan Accounts) circular dated 18 August 2023, lenders can levy only penal charges on defaults, not penal interest. These charges cannot be capitalised or added to your interest rate.
4. Can I get a Bajaj personal loan with a CIBIL score below 650 or no credit history?
Approval is unlikely below the 650 minimum, and new-to-credit applicants face stricter checks. If your score is low, spend three to six months paying every bill on time and keeping card use below 30% before you reapply. For urgent needs, secured options such as a gold loan or a loan against securities may be easier to get.
5. Can I get a Bajaj Finance personal loan without salary slips or with a cash salary?
Salaried applicants usually need salary slips and a bank statement showing monthly salary credit. If your salary is paid in cash, your income is hard to verify, so approval becomes difficult. Some lenders may accept Form 16, ITRs, or an employer salary certificate with bank statements instead.
6. Can I take a top-up or second personal loan from Bajaj Finance?
Yes, existing borrowers with a clean repayment record may get a top-up or an additional loan offer. The lender will look at your current outstanding amount, income, and total EMIs. Your combined EMIs should usually stay within about 50% to 55% of your net income.
7. Can I transfer my existing personal loan to Bajaj Finance at a lower rate?
Bajaj Finance offers a personal loan balance transfer to eligible borrowers who want to move a high-interest loan. Before you switch, add up three costs: the foreclosure charge on your current loan, the new processing fee, and stamp duty. Transfer only if your interest savings are clearly higher than these costs.
8. Can I cancel a Bajaj Finance personal loan after it is disbursed?
Yes, for loans taken digitally you can use the cooling-off (look-up) period. Under RBI’s Guidelines on Digital Lending dated 2 September 2022, you can exit during this window by repaying the principal and the proportionate APR without any penalty. The lender’s board sets the length of this window, and it cannot be shorter than one day. The exact period is stated in your Key Facts Statement.
9. How do I get a NOC after closing my Bajaj Finance personal loan?
After your final EMI or foreclosure, you can download the No Objection Certificate (NOC) and closure letter from the My Account portal or the Bajaj Finserv app. Keep both documents safely. Check your CIBIL report 30 to 45 days later to confirm the loan shows as “Closed,” not “Settled.”
10. How can I spot fake Bajaj Finance personal loan calls, messages, or apps?
Genuine lenders never ask for an upfront “processing” or “approval” fee before sanctioning a loan. Apply only through bajajfinserv.in, the official Bajaj Finserv app, or partners listed on Bajaj Finance’s website. If you have lost money to a fraud, call the national cyber helpline 1930 or file a complaint at cybercrime.gov.in.
