Comprehensive Guide to Bajaj Finance Personal Loan Policy (2025 Edition)

Bajaj Finance has introduced a comprehensive and highly customized personal loan (PL) policy catering to a wide range of salaried individuals across sectors. With offerings up to ₹50 lakhs, extended tenures, paperless processes, and dynamic eligibility norms, Bajaj’s policy reflects a perfect blend of flexibility and financial discipline.

Here’s a complete breakdown of the policy for stakeholders, partners, and customers.


1. Loan Amount & Tenure

FeatureDetails
Maximum Loan Amount₹50 Lakhs (including all fees and VAS)
Minimum Loan Amount₹1 Lakh
Maximum Tenure96 months (for salaries ≥ ₹50K)
Term Loan Limit for < ₹50K SalaryMax 60 months
NTH Salary + Incentives ≤ ₹1.10LMax loan restricted to ₹20 Lakhs

2. Eligibility Criteria

Basic Parameters

CriteriaRequirement
Minimum Age23 years
Maximum Age59 years (up to 65 for govt. professors)
Minimum Salary₹50,000 (all prime locations)
Minimum CIBIL Score685 (if < 685, salary must be > ₹2L)
Minimum PL Score650
Salary ProofLast 3 months’ payslips (except NIP)

3. Segmentation & Multiplier Structure

Bajaj follows a segmentation model that influences eligibility, multiplier, and FOIR limits.

Segment-Based Multipliers

SegmentSalary BracketMultiplier
Super Green> ₹75K20x / 22x / 24x (based on criteria)
Super Green< ₹50K14x
Green₹50K – ₹75K16x
Green> ₹75K20x

Special Multiplier Kickers

  • 22x Multiplier:
    • Salary > ₹75K
    • Listed companies only
    • FUW UW/NIP program
  • 24x Multiplier:
    • Super Green, salary > ₹75K
    • HL ever in bureau
    • <2 live unsecured loans
    • Listed companies only

4. FOIR (Fixed Obligation to Income Ratio) Norms

ConditionFOIR Allowed
Salary < ₹50K60%
Salary > ₹50K, No HL65%
Salary > ₹50K, HL in bureau70%

FOIR Kickers

  • +5% FOIR if:
    • ABB > ₹40K and salary > ₹1L (Prime) or > ₹75K (Green/Super Green)
    • Super Green + HL + <2 unsecured loans + ABB ≥ ₹20K + listed company

5. Key Program Types

ProgramDetails
Super GreenBest risk segment, eligible for high multipliers and FOIR kickers
GreenModerate risk segment with balanced eligibility
NIPNo Income Proof required (basis AA/Perfios), no payslips required
MTSMarginal segment with restricted limits
SAL Govt.State/Central/PSU employees; unique rules apply
DOE 2Amber/Red segment allowed with capped limits (Max ₹20L and ₹15L respectively)

6. Balance Transfer & Credit Card Policies

  • BT Allowed: 100% paperless BT (26AS mandatory)
  • Credit Card BT:
    • Not obligated if CC outstanding < net salary
    • ₹10L outstanding allowed if salary > ₹1.5L

7. Additional Observations & Notes

  • No obligations for gold loans
  • Proprietorship/Partnership firm employees are allowed under ABB
  • Residency and geo-tagging conditions apply for those staying with parents
  • Maximum age allowed up to:
    • 62 years with retirement proof (Govt. employees)
    • 65 years for Government Professors

Conclusion

Bajaj Finance’s latest personal loan policy introduces a finely tuned lending ecosystem that rewards financial responsibility and strong profiles. With segment-specific risk grading, generous multiplier kickers, paperless journeys, and inclusive programs like NIP and SAL Govt., the offering caters to a wide audience while maintaining credit discipline.

For DSAs, finance professionals, and customers alike, this policy is both an opportunity and a guideline for smarter, faster, and more flexible personal loan sourcing.

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