✔️Why should I avail of a Personal Loan online? Taking a Personal Loan online is faster, secure, hassle-free and transparent. The Bajaj Finserv lending process will save you a lot of time and effort.

✔️Why should you choose Finserv MARKETS for a Personal Loan? The Bajaj Finserv online process lets you avail of a loan from the comfort of your home. No paperwork. No agents. And it's super secure. You can choose from a variety of exclusive loan products which suit your need.

✔️Do I have to provide any security, collateral or guarantors? No, we don't ask for any kind of security or guarantee.

✔️Can I carry out the application process in a conventional manner offline? Sorry, we only have an online presence and recommend online transactions for quick processing and convenience. The Bajaj Finserv lending process is seamless.

✔️Do you offer balance transfer facility for Personal Loans? No, we don’t have the facility of balance transfer for Personal loans.

✔️How secure is my information? All your sensitive information like personal/financial information is encrypted and safeguarded with our best in class security systems. We don't share your information with any marketing agencies or any 3rd party without your consent.

✔️What are the basic Personal Loan eligibility criteria? You can apply for a Personal Loan if: 1. You are a salaried employee 2. You are between 23-58 years of age 3. Your minimum take home salary is greater than Rs. 37,000 and you reside in Tier 1 cities and Rs.27,000 incase you reside in Tier 2 cities.

✔️Can I avail a Personal Loan if I am self-employed? What is the Bajaj Finserv lending process to avail such a loan? You can check out the Self Employed section under Business Loans to find out more details.

✔️Can I avail of a NRI Personal Loan? We are sorry. We currently serve only salaried Indian residents.

✔️What is the minimum and maximum tenure that I can avail on a Bajaj Finserv pre-approved loan? You can avail a Bajaj Finserv Loan for a tenure ranging from 1 year to 5 years (with annual renewal option for interest servicing loan).

✔️Is there a minimum limit on part payment? There is no minimum limit on part payment in case of Flexi Hybrid loan but there is a minimum limit of one EMI for part payment in case of Term Loan.

✔️When can I make the part-payment? You can make part-payments at any time after paying the first EMI of a Term Loan.

✔️How many times can I make a part-payment? There is no limit to the number of part payments in Hybrid Flexi Personal Loan and in Term Loan. However, a maximum of 6 part payments can be made in a year.

✔️When can I foreclose my Bajaj Finserv loan? You can foreclose your loan after paying your first EMI.

✔️How will a part-payment change my EMI and/or tenure? Part payment paid will be adjusted to the principal amount which results in a reduced monthly interest in case of Hybrid Flexi Personal Loan. For Term Loan, you can keep the EMI the same and reduce the tenure or you can keep the same tenureand increase the EMI.

✔️Do you offer a top-up on existing Personal Loan? Yes, you can avail a top-up on an existing Personal Loan. However, you can avail Line facility, which is more convenient for availing additional funds.

✔️How much amount can I withdraw on my Term Loan? Sorry, the withdrawal facility is not available on a Term Loan.

✔️Why do Hybrid Flexi Personal Loans have a higher interest rate than Term Loans? You can actually save on interest payments even though the base rate is marginally higher than a Term Loan. The innovative customer friendly features that come with Hybrid Flexi Personal Loans allows you flexibility and control on your loan repayment which can help you minimize the interest you pay. In case of any fund requirements you can always withdraw from the part payments with funds instantly credited to your bank account.

✔️What documents do I need to submit to avail of a Personal Loan? You need to provide us with the digital copies of all your documents. Usually, for a personal loan/line, you would need to provide proof of identity, proof of current address, SPDC and a cancelled cheque.

✔️How do I check my personal loan eligibility? You can visit our Calculator section for a quick personal loan eligibility check.

✔️Why do I need to provide my bank account credentials while applying? We fetch your last 3 months bank statements directly from your bank thus saving you the trouble of uploading the documents. Moreover, this facilitates the Bajaj Finserv lending process.

✔️Can I get a loan anywhere in India? What is the maximum loan amount that I can get? We are present in 35 major cities in India. Click here to see the list. You can avail of a loan of up to Rs.25 lakh subject to your eligibility.

✔️How is a Line different from a Loan? A line is a limit that is assigned to you as per your eligibility. A loan can be availed out of the line at any point of time and gets disbursed to your bank account without going through the hassles of applying again.

✔️What are EMI dates? Can I change them? You can schedule your EMI payment date as the 2nd or 5th of every month. You may change your EMI dates at a nominal fee.

✔️How can I change my tenure? You can change your tenure by making part payments.

✔️What is the loan processing fee? 2% of the loan amount is charged as processing fee. This fee is deducted from the loan amount.

✔️What are the part-payment charges? There are no part-payment charges on Hybrid Flexi Personal Loans. Term Loans come with a 2% part-payment fee.

✔️What are the foreclosure charges on my Bajaj Finserv pre-approved loan? We charge you 4% of the outstanding principal as foreclosure charges.

✔️Are there any annual maintenance charges for Flexi Hybrid Personal Loan? 0.25% on loan amount

✔️Are there any other hidden charges? No. We commit 100% transparency to you. There are no hidden charges at all.

✔️What are the EMI bounce charges? We charge Rs.1,000 per bounce for your Personal Loan repayments on your Bajaj Finserv pre-approved loan.

✔️What are the penal charges for my Bajaj Finserv loan? We charge 2% per month on the overdue amount.

✔️What happens if my EMI payment bounces? It is advised that you maintain sufficient funds in your account for clearing loan EMIs regularly. However, in case of an EMI bounce we would be charging bounce charges of Rs. 1,000 per bounce. You could also attract penal charges on further delay in paying the EMI which can impact your credit score.

✔️What happens to my line in case of an EMI bounce? The line functionality is suspended in the event of an EMI bounce. This functionality is activated on a later date basis repayment history and as per internal policies.

✔️How do I get my loan foreclosure letter? The foreclosure letter can be downloaded by logging in to our Customer Portal.

✔️How do I make a loan part-payment? Login to our Customer Portal and choose the part-payment option.

✔️How can I foreclose my loan? Login to our Customer Portal and go to foreclose your Bajaj Finserv pre-approved loan.

✔️How do I pay my EMIs? Your EMIs will be auto deducted from your bank account via automatic ECS instruction.

✔️What is the procedure to withdraw out of part payments made? Log in to our Customer Portal and select the additional withdrawals tab to withdraw from your Bajaj Finserv pre-approved loan.

✔️Where will I get the disbursed loan amount? The loan amount will be credited directly to your bank account.

✔️What is ECS-mandate? ECS is an electronic mode of funds transfer from one bank account to another. You need to inform your bank and provide a mandate that authorizes the institution, that can then debit or credit the payments through the bank. The mandate contains details of your bank branch and account particulars.

✔️How do I track the status of my online application? Login to our Customer Portal to track the status of your application.

✔️How can I make my overdue payments? You can pay your overdue EMIs online through the Customer Portal. This facility is offered to customers who have Net Banking activated for their Bank account. Click here to login to the Customer Portal.

✔️How long does it take for the part-payment or withdrawal to reflect in the statement of account? The part-payment or withdrawal will reflect in your statement within 30 minutes.

✔️Where can I view my EMI status? You can view and also download your Statement of Account or Repayment Schedule on our Customer Portal. Alternatively, your statement of account will be forwarded to your registered email ID every month.

✔️How can I get my loan account statement? You can view and also download your Statement of Account or Repayment Schedule on our Customer Portal. Alternatively, your statement of account will be forwarded to your registered email ID every month.

✔️Where can I view my outstanding loan amount? You can view and also download your Statement of Account or Repayment Schedule on our Customer Portal.

✔️Where can I access my loan documents? Scanned copies of your loan documents are available on our Customer Portal.