Bajaj Finserv is one of India’s leading financial services companies and part of the larger Bajaj Group. It was created to focus exclusively on financial services such as lending, insurance, wealth management, and investments. 1987 – Bajaj Auto Finance was founded to provide financing for Bajaj Auto vehicles. This business later evolved into today’s Bajaj Finance
Nowadays, Bajaj Finserv is concentrating more on consumer durable loans because, in 2026, most people spend a lot of time using digital devices like mobiles, laptops, and TVs. People are also very interested in the latest technology, so many want to buy new-model washing machines, ACs, fridges, and other home appliances.
The main reason is that the latest models come with many advanced features and lower power consumption. Bajaj Finserv understood this changing consumer trend, which is why the company is focusing more on consumer durable loans.
A Bajaj Finserv Consumer Durable Loan (also called an Easy EMI Loan) helps customers buy products like mobiles, TVs, refrigerators, laptops, ACs, furniture, and other electronics without paying the full amount upfront. Instead, the amount is converted into monthly EMIs.
Bajaj Finserv gives personal loans to genuine consumer durable loan customers. That means people who regularly pay their consumer durable loan EMIs on time are considered genuine customers. Based on that trust and repayment history, Bajaj Finserv provides pre-approved personal loan offers to many consumer durable loan customers.
Even many people who are not existing customers of Bajaj Finserv are interested in applying for loans. Bajaj Finserv also provides personal loan offers to such users if they have a good credit score, stable work profile, and their profile matches the company’s eligibility criteria.
Here, we can see the complete details of the Bajaj Finserv personal loan.
Personal Loan High Lights:
- Instant Approval And Disbursal
- Pre-approved personal loan offers for eligible customers
- Flexible repayment tenures
- No collateral required
- Complete online process
- Minimal details are required
Loan Details:
- Loan amounts range from ₹40,000 to ₹55 lakh.
- The rate of interest ranges from 10% to 31% per annum.
- Processing charges of up to 3.93% of the loan amount (including taxes) are applicable.
- Part-payment charges are 4.72% of the remaining outstanding principal amount.
- Loan tenures vary depending on the loan variant and range from 12 to 108 months.
- Most importantly, Bajaj Finserv charges EMI bounce fees ranging from ₹700 to ₹1,200 per bounce.
Eligibility Criteria (Apart from existing customers):
- Age should be between 21 and 80 years.
- Both salaried and self-employed individuals are eligible.
- Applicants employed in public sector, private sector, or multinational companies (MNCs) are eligible.
- A CIBIL score of 650 or above is preferred.
Documents Required:
- KYC Documents: Aadhaar Card, Voter ID, or Driving Licence
- PAN Card
- Employee ID Card
- Salary slips for the last 3 months
- Bank statements for the last 3 months
- Utility bills
- Real-time photograph
How To Apply:
- Check Loan Eligiblity ( OFFICIAL APPLY )
- Enter personal and working details
- Get a loan offer
- Complete KYC Verifications and enter bank details
- Excutive guide your final loan process
Loan Example: (term loan for self-employed existing customer):
- Approved loan amount RS 75000 ( RS40,000 to RS 75000 (selected)
- Loan Tenure 33months,36months And 39 months (selected)
- Rate of interest 31% per annum
- Processing Fees RS3068 ( Added principle amount )
- So Total Loan Amount RS78068
- Disbursal amount RS75000
- Monthly EMIS RS 3200
Drawbacks For bajaj finserv personal loan:
- Interest rate maybe higher for some customers
- Late payment charges also high and it affect credit profile
- Pre-approved loan offers not for all
- Strict repayment policies and frequent loan calls
- Self-employed persons may face strict verification process.
Conclusion:
Bajaj finserv personal loan can be usefull for people having good credit score,stable income and proper repayment history.
Disclaimer:
This article only for educational and informational purposes, please read all bajaj finserv terms and conditions carefully before applying for loan and borrow responsibly.
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