Bank
Bajaj Finserv Limited

About Home Loan

A unique offering to home loan customers who are buying ready to occupy property. While Bajaj fund your dream home, they also understand that you need to spend on the fixtures and fittings to make the place yours. As a part of the overall package, Bajaj Finserv offer you a separate amount exclusively for this purpose.

Eligibility Criteria

  • 28-70 years of age.

  • You must be a self-employed individual with minimum 5 years of continuity in current business.

  • Minimum loan amount is 30 lakhs and maximum 15 crores.

Documents Required

  • Application Form
  • Photograph
  • Identity proof
  • Address proof
  • Signature proof
  • Date of birth proof/ Certificate of Incorporation
  • IT returns & balance sheet & P/L account statement for the last 2 years
  • Business continuity proof (Five years)
  • Bank account statements for last 6 months
  • Partnership deed (for partnership)
  • MOA/AOA (for companies)

*Kindly note that the list of documents mentioned is indicative. During loan processing additional documents may be asked for .The same will be appropriately communicated to you as and when required.

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Personal Loan

A Personal Loan is a great tool in managing your finances and acts as an impetus in putting your plans into actions.

Eligibility Criteria

Must be a salaried professional with Minimum salary

Cities

Minimum net salary per month (Rs.)

Ahmadabad, Bangalore, Chennai, Cochin, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Jaipur, Kolkata, Mumbai, Nagpur, Pune, Noida, Surat ,Thane

40,000

Aurangabad, Baroda, Madurai, Nasik, Vizag

30,000

Trivandrum, Vijayawada

25,000

Documents Required

Financials

Salary slips of last 3 months Latest 2 months salary slip

Bank statements

Latest 3 months’ salary account bank statement

Employment proof

Employee ID card and visiting card

Work experience documents

Current employment

Appointment letter / Form 16 / 1 year old salary slip

Previous employment

Appointment letter / Form 16 / Promotion letters / Transfer / Confirmation letters / Previous salary slip

KYC

Identity proof

Passport / Voters ID card / Driving license / PAN card

Address proof

Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign)

Signature proof

Passport / PAN card / Driving license / Photo credit card (front only) / Banker verification letter (only online)

Age proof

Passport / PAN card / Driving license / Birth certificate

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Business Loan

A Business Loan is a loan without security; giving you access to credit that can be paid back over an agreed time along with the interest. It can be used for the expansion of an existing business or investing in a new one without pledging anything against the borrowed amount. Bajaj Finserv is committed to help your growing businesses with Small Business Loans in India.

Eligibility Criteria

Eligible if you’re either of the following:

  • Limited or Private Limited Company
  • Partnership or Proprietorship Firm
  • Chartered Accountant / Self Employed Professional

Customer profiles that they consider:

  • Self Employed Professionals (SEP) - – Allopathic Doctors, Chartered Accountants, Company Secretaries and Architects who are practicing their profession. Proof of qualification to be documented.
  • Self Employed Non Professionals (SENP) – Traders and Manufacturers
  • Entities – Partnerships, Limited Liability Partnership, Private Limited and closely held Limited companies.
  • Other constitution types depending on their profile on a case to case basis.

Documents Required

  • Application form
  • 1 Photograph of Co-Applicant
  • IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure, Form 16 A
  • Bank Account Statements for the last 3 months
  • KYC documents of Co-applicant
  • Business Vintage for 5 years
  • Business Proof: Certificate of Practice

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Loan Against Property

Mortgaging existing property is a great way to get a loan at low interest rates to meet your current financial needs without actually selling off the same.

Eligibility Criteria

  • An Indian Resident

  • At least 25 years of age when the loan is sanctioned

  • self-employed professional with a regular source of income

  • The minimum loan amount is Rs. 60 Lakhs for Mumbai and Delhi, Rs. 30 Lakhs in other cities

Documents Required

  • Application Form
  • Photograph/Director’s Photograph (If Self Employed)
  • Identity Proof
  • Address proof
  • Signature Proof
  • Date of Birth Proof/ Certificate of Incorporation
  • IT Returns & Balance Sheet & P/L Account statement for the last 2 years
  • Business Continuity Proof for 5 years
  • Bank Account Statements for the last 6 months
  • Copy of property paper to be mortgaged
  • Partnership deed (If Self Employed)
  • MOA/AOA

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another