Bajaj Finserv
India's leading retail NBFC, known for fast disbursal and risk-tolerant underwriting.
About Bajaj Finserv
Bajaj Finserv (Bajaj Finance Limited) is one of India's most prominent NBFCs. Headquartered in Pune, it is known for fastest-in-market disbursal (often 24 hours), risk-tolerant underwriting for self-employed borrowers, and a wide range of lifestyle and consumer durable financing. Bajaj typically charges higher processing fees and interest rates than banks but is significantly more flexible on profile fit. MahadevX is empanelled with Bajaj as a DSA.
Loan Products & Rates from Bajaj Finserv
Indicative starting ranges. Your personalised offer is finalised by the lender based on your profile.
Personal Loan
Rate 11.0% – 24.0% p.a.; loan up to Rs 55,00,000; tenure up to 60 months.
Business Loan
Rate 11.0% – 24.0% p.a.; loan up to Rs 55,00,000; tenure up to 60 months.
Home Loan
Rate 11.0% – 24.0% p.a.; loan up to Rs 55,00,000; tenure up to 60 months.
Loan Against Property
Rate 11.0% – 24.0% p.a.; loan up to Rs 55,00,000; tenure up to 60 months.
Where Bajaj Finserv fits best
No two lenders are right for every profile. Here is where this one stands out.
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Borrowers with profile gaps that banks decline (vintage, income variability)
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Fastest disbursal in the market (24-48 hours typical)
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Lifestyle, consumer durable and gold-loan financing
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Self-employed with minimal documentation flow
Why apply through MahadevX
Multiple bank comparison
One OTP-verified application; we negotiate your file with Bajaj Finserv and 24+ other lenders and bring you the top offers. One CIBIL inquiry, not twenty-five.
Dedicated advisor
A real human runs your file from documentation pickup to lender coordination to disbursal follow-up. Reachable on call and WhatsApp.
Debt restructuring advisory
Unique to MahadevX: if you have existing high-EMI loans, our advisors can structure consolidation that lowers your monthly outgo before we add a new file.
Eligibility & Documents
Salaried Borrowers
- Age 21 to 60 years
- Minimum monthly income usually Rs 25,000 (Rs 50,000+ for prime products)
- Salaried with at least 2 years of work experience
- CIBIL score 700+ (750+ unlocks the best rates)
- Indian resident; pan-India serviceability
Self-Employed Borrowers
- Age 23 to 65 years
- Business vintage of 2-3 years (specific lenders consider 1 year)
- Audited financials and last 2 years ITR
- Latest 12 months GST returns and bank statements
- CIBIL score 700+ on personal and business credit
Documents Required
- PAN card
- Aadhaar card (for KYC and address)
- Latest 6 months bank statement
- Last 2 years ITR + audited financials (self-employed)
- Last 3 months salary slips (salaried)
- Property documents (for home loan / LAP)
- GST registration and last 4 quarters returns (business loan)
Is Bajaj Finserv right for you?
Three taps for an honest read - indicative, in your browser only.
Bajaj Finserv FAQs
Is Bajaj Finserv good for personal loans?
Bajaj is strong on speed and profile flexibility. Rates are higher than banks (12-26% range) but underwriting is more accommodating, particularly for self-employed.
How fast is Bajaj loan disbursal?
Often 24-48 hours from sanction. Some pre-approved customers see disbursal in 30 minutes via the Bajaj app.
Are Bajaj's rates competitive?
Bajaj rates are typically higher than bank rates due to risk-tolerant underwriting. The trade-off is speed and profile flexibility - useful when banks decline.
Does Bajaj lend to self-employed without ITR?
Bajaj has surrogate income programmes (GST returns, bank statements) for self-employed borrowers without formal ITR.
What is Bajaj's processing fee?
Typically 1-3% of the sanctioned amount; higher than banks. MahadevX negotiates this where the file profile allows.
Should I always prefer a bank over Bajaj?
Not necessarily. If a bank declines or takes too long, Bajaj is a strong fallback. MahadevX presents both bank and NBFC offers so you can choose based on rate, speed, or both.
Other lending partners
MahadevX Fintech is a loan distribution associate (DSA) of its partner banks and NBFCs, not a lender. Loan sanction, interest rates and final terms are at the sole discretion of the respective RBI-regulated lender and are subject to their credit policy. Figures shown on this page are indicative. Information here references publicly available RBI and lender guidelines and is for general awareness, not financial advice.
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