What Dictates Bajaj Finserv Personal Loan Eligibility?

1. What Dictates Bajaj Finserv Personal Loan Eligibility? Bajaj Finserv is one of the most popular lenders offering a wide range of financial products to ensure you fulfill your financial goals without any hassle. One such product is a personal loan that you can apply at Bajaj Finserv for various purposes such as a wedding, education, travel, medical emergency, etc. But as the loan is unsecured, the private lender keeps certain eligibility criteria for you to meet. So, what is ​Bajaj Finserv Personal Loan​ Eligibility Criteria? Let’s find out here. Bajaj Finserv Personal Loan Eligibility Criteria The lender assesses based on the age, income and residence of an individual. Let’s check out the criteria below. ● The age of the applicant must be between 23 and 55 years ● The applicant must be a citizen of India ● Salaried individuals working in an MNC, private or public limited company can apply ● The minimum salary for applicants residing in Delhi, Noida, Ghaziabad, Bangalore, Mumbai, Pune, Thane, Coimbatore, Chennai and Hyderabad must be ₹​35,000 per month ● Those living in Kolkata and Ahmedabad need to earn at least ​₹​30,000 per month. People residing in Jaipur, Chandigarh, Cochin, Surat and Nagpur must earn a minimum of ​₹​28,000 a month. ● Finally, those living in Bhubaneswar, Baroda, Bhopal, Indore, Vapi, Rajkot, Calicut, Vijayawada, Jodhpur, Trivandrum, Trichy, Kolhapur, Aurangabad, Nasik, Lucknow, Raipur, Mysore and Madurai must have a minimum monthly income of ₹​25,000. Bajaj Finserv Personal Loan Eligibility Calculator What you saw above are preliminary eligibility criteria you must meet. But you also need to understand the function of the Bajaj Finserv Eligibility Calculator, which can tell the indicative loan amount you can get from Bajaj Finserv. The moment you apply for a loan, the lender will assess the loan eligibility using the calculator. The calculator will

2. take into account your income and savings to determine the loan amount you can get from the lender. Shall You Apply by Just Figuring Out Your Loan Eligibility? Being aware of the eligibility is the primary consideration for responsible borrowers like you. But that doesn’t mean your due diligence is over. You need to go on by checking the effect of the loan on your repayment. Yes, you must check the interest rate you are offered to service the loan. The rate has a direct effect on the repayment. Greater the rate of interest will be, more will be Equated Monthly Installment (EMI) and interest outgo. If you talk about Bajaj Finserv ​Personal Loan​ Interest Rate, it ranges from 10.99%-16% per annum. How Can You Convince Bajaj Finserv to Lower the Interest Rate? You can do based on any existing relationship with Bajaj Finserv. If you have a good credit score of more than 750, your job of getting the rates reduced becomes easier. Those working in top-notch firms can also expect lower rates on loans. How Can You Apply for Bajaj Finserv Online Personal Loan? Bajaj Finserv Online Personal Loan​ application can be made easily on the website of the lender. All you need to do is to mention a few personal and professional details and submit the application. Afterward, an executive will come to pick documents from your office or residence. The lender will check the application details thoroughly and approve only when it is satisfied with the verification process.