﻿ Bajaj Finserv Personal Loan Eligibility | Check Eligibility - FreEMI
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# Bajaj Finserv Personal Loan Eligibility Calculator

Bajaj Finserv Personal Loan Eligibility Calculator is a handy financial tool to calculate your eligibility for Bajaj Finserv Personal Loan apply online via Bajaj Finserv Personal Loan apply form online. To calculate Bajaj Finserv Personal Loan Eligibility using Bajaj Finserv Personal Loan Eligibility Calculator through Bajaj Finserv Personal Loan apply, you need to input details like- your current city, date of birth, monthly salary and monthly expenditure. To cater to personal loan eligibility in Bajaj Finserv, you need to have a stable income, credit score, and financial capability to repay the loan as specified by Bajaj Finserv. In case of any fixed obligation, Bajaj Finserv Personal Loan Eligibility Calculator calculates Bajaj Finserv Personal Loan Eligibility criteria in such a way that the fixed obligation must be within the limit of 50% to 75% of your income.

## How would you calculate Bajaj Finserv Personal Loan Eligibility?

When you are thinking of Bajaj Finserv Personal Loan apply through Bajaj Finserv Personal Loan apply form online, it is always advisable to check Bajaj Finserv Personal Loan Eligibility criteria beforehand. Using Bajaj Finserv Personal Loan Eligibility Calculator, you get an idea of whether you are eligible for Bajaj Finserv Personal Loan apply online or not.

To calculate personal loan eligibility in Bajaj Finserv through Bajaj Finserv Personal Loan Eligibility Calculator, there are 2 methods of calculation that are explained below-

• ### Multiplier Method

Using this method, the bank applies a multiplier based on your net take-home salary and company profile where you work.

Bajaj Finserv Personal Loan Eligibility= Net take home salary*multiplier of 9 to 22 The multiplier will be higher if your net take-home salary and your company profile are high. In this case, Bajaj Finserv Personal Loan Eligibility will also be high.

• ### FOIR

Fixed Obligation Income Ratio usually known as FOIR. It is calculated when you have fixed financial liabilities like EMI payment or credit card bills.

FOIR= (Sum of fixed obligations/Net take home salary)*100 Your fixed obligations must not exceed 50% of your income and 75% for high earning customers.

## Which factors affect Bajaj Finserv Personal Loan Eligibility Calculator?

When you opt for Bajaj Finserv Personal Loan apply online through Bajaj Finserv Personal Loan apply form, you tend to check beforehand Bajaj Finserv Personal Loan Eligibility. Bajaj Finserv Personal Loan is an unsecured loan that means you do not have to mortgage anything to get the loan. So, Bajaj Finserv Personal Loan Eligibility criteria is really high as it cannot take anything from you in case you default to pay.

Here are some factors which affect Bajaj Finserv Personal Loan Eligibility Calculator-

• ### Age

Bajaj Finserv Personal Loan Eligibility criteria are affected by the customer’s age. You must be within the age limit 25 and 58 years. The more you are closer to the minimum age limit, the higher Bajaj Finserv Personal Loan Eligibility. And you will be trusted more and benefitted with attractive offers.

• ### Credit Score

One of the important factor which affects Bajaj Finserv Personal Loan Eligibility is your credit score. It is nothing but a measurement of your creditworthiness. Higher the credit score, higher will be Bajaj Finserv Personal Loan Eligibility when you opt for Bajaj Finserv Personal Loan apply online through Bajaj Finserv Personal Loan apply form.

• ### Residential Address

Bajaj Finserv Personal Loan Eligibility will be high if you stay in your own house rather than a rented house. Your own house helps in building trust and helps in increasing Bajaj Finserv Personal Loan Eligibility. Whereas staying in a rented house lowers Bajaj Finserv Personal Loan Eligibility criteria.

• ### Employment

A stable job with high Bajaj Finserv Personal Loan Salary Eligibility will affect Bajaj Finserv Personal Loan Eligibility criteria in a positive way. A minimum of 5 years of work experience is needed to have a high Bajaj Finserv Personal Loan Eligibility criteria in case of self-employed individuals. For salaried individuals, working in a reputed company under CAT A list for a good 1 year with high Bajaj Finserv Personal Loan Salary Eligibility will positively affect Bajaj Finserv Personal Loan Eligibility.

• ### Existing Liability

Bajaj Finserv Personal Loan Eligibility will be low if you have any existing debt like- EMI or credit card bill payment. So, before you go for Bajaj Finserv Personal Loan apply online, you must pay off your debts which will increase your Bajaj Finserv Personal Loan Eligibility.

• ### Location

Your geographical location of stay plays an important role in calculating Bajaj Finserv Personal Loan Eligibility using Bajaj Finserv Personal Loan Eligibility Calculator. If you reside in a metropolitan city or in an urban area, Bajaj Finserv Personal Loan Eligibility will be high. But residing in a rural area will lower Bajaj Finserv Personal Loan Eligibility criteria.

*Interest rate and Loan approval are subjected to band discretion and approval.

## FAQ’s

While calculating Bajaj Finserv Personal Loan Eligibility, you need to repay the loan within 1 year to 5 years.
Bajaj Finserv Personal Loan Eligibility will be low if you stay in a rural area.
To check Bajaj Finserv Personal Loan Eligibility, the minimum and maximum age limit must be 23 and 58 years for a salaried individual.
To calculate Bajaj Finserv Personal Loan Eligibility criteria, Bajaj Finserv Personal Loan Eligibility Calculator uses 2 methods namely- FOIR and Multiplier Method.
FOIR is calculated using the following formula- FOIR= (Sum of fixed obligations/Net take home salary)*100
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