Like other lenders, Bajaj Finance offers Personal Loan to meet your everyday needs. Why hold your important expenses when you can get the desired fund through Bajaj Finance Personal Loan?
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Go through the eligibility criteria before you apply for a Personal Loan. Your eligibility is most important for availing Personal Loan from Bajaj
Finance. Though with minimal criteria loans are sanctioned they are mandatory to match.
Eligibility parameters are selected to check the repayment capacity of the applicant. If you match the eligibility criteria, you promise the lender that
you will repay the amount as per highlighted terms and conditions.
Bajaj Finance will sanction your loan only when you have the ability to repay them.
Eligibility for Personal Loan
a. Nationality: Indian
b. Age: 21 years to 67 years
c. Work Status: Salaried
d. Employment: MNC, Public or private company
e. Salary: INR 22,000 or higher depending on your city of employment
f. CIBIL score: 750+
For many cities, an applicant’s minimum salary should be INR 35,000 and for some cities, the minimum salary must be INR 30,000 and INR
28,000 respectively. The minimum salary bracket for a few other locations is INR 25,000 and INR 22,000. Before applying for a Bajaj Finance
Personal Loan, check the minimum loan criteria linked to your city.
Documents required for Personal Loan:
If you are applying for a personal loan, you should have the following documents.
1. KYC documents
2. Employee ID Card
3. Salary slips of the last 2 months
4. Bank account statement of the previous 3 months
Once your application is processed and approved, you can get the personal loan in less than 24 hrs in your bank account.
Follow these tips to improve your Bajaj Finance Personal Loan Eligibility –
Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting
Try to build a CIBIL score above 750
Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness
Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.
A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.
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Folks, they are very quick with their services. I actually didn't know there were so many conditions for getting a loan. My documents weren't proper as well. They really helped me pick up my profile. Also, they give you helpful suggestions regarding which banks should I opt for.
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The service provided by My Mudra is great, everything is seamless and very convenient. Its one of the very best experiences, I’ve had with any loan provider.
I was in dire need of funds for a medical emergency. Due to my low CIBIL score, I didn’t much get support from other lenders. This is when I submitted a personal loan application on My Mudra. Fortunately, I got the amount, and that too at lower interest rates. Thanks to My Mudra. The entire application was very smooth.
I have had a wonderful experience with My Mudra. The process was exceptionally seamless when I applied for a loan. I also liked how their people interacted with me. It is the best solution to the month-end cash issue. Also, I can use it to pay off my credit card dues.
To realize my business plans, I decided to take My Mudra Business loan and my decision was perfectly alright. It assured me of fast money and the entire process was transparent. No surprise loan charges helped me plan my working capital and manage my business activities efficiently.
I was in need of INR 2 lakh. I visited the My Mudra website and found out that there is a personal loan offer for me. It was a great experience. I got an awesome deal on my loan application. The process involved only a few documents. The amount transferred to my account was faster than promised and the interest rate and other charges were also not too high
I wanted quick fund disbursal and one of my friends suggested me to apply for a personal loan from My Mudra. He had a great experience. I agree with him. The application and approval process were smooth. They offer fast money transfers to my bank. I was asked to choose the repayment period. I am happy with the services. Their agents are also polite and helpful.
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