Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

If you are looking to maintain an emergency fund or need easy access to high amounts, apply for a Bajaj Finance Personal Loan on Bajaj Markets. Opt for a term loan or a hybrid flexi loan to fulfil all your financial requirements and borrow amounts of up to ₹35 Lakhs. These loans are available at low interest rates starting from 12% p.a. for tenures ranging up to 6 years.

Interest Rates and Charges

Bajaj Finance Personal Loan interest rates and associated charges are as follows:

Interest Rate

12% to 32.5% p.a.

Processing Charges

Up to 4.72% (Inclusive of applicable taxes)

Part-prepayment Charges

Up to 4.72% (Inclusive of applicable taxes)

Loan Foreclosure Charges

Up to 4.72% (Inclusive of applicable taxes)

Convenience Fee

Up to ₹4499

AMC

Up to 0.885% (Inclusive of applicable taxes)

Penal Interest Rate

42% per annum applicable on the outstanding monthly instalment 

Cheque Bounce Charges

₹700 - ₹1,200 per bounce

Stamp Duty

As per the laws of the state

Broken Period Interest

Added to First Instalment

Mandate Rejection Charges

₹450 per instance

Flexi Fee

  • ₹1357 for loan amount up to ₹2,00,000

  • ₹2359 for loan amount ranging from ₹2,00,001 to ₹3,00,000

  • ₹2359 for loan amount ranging from ₹3,00,001 to ₹5,00,000

  • ₹2949 for loan amount from ₹5,00,001 to ₹7,00,000

  • ₹2654 for loan amount from ₹7,00,001 to ₹10,00,000

  • ₹3845 for loan amount from ₹10,00,001 to ₹15,00,000

  • ₹6085 for loan amount from ₹15,00,001 to ₹25,00,000

  • ₹9623 for loan amount from ₹25,00,001 to ₹40,00,000

  • ₹12271 for loan amount of ₹ 40,00,001 and above

 

*All the Flexi Charges above are inclusive of applicable taxes

 

*Loan amount includes approved loan amount, insurance premium and VAS Charges

*Disclaimer: The details mentioned above are subject to changes as per the terms and policies of the lender.

Features and Benefits

No Collateral Needed

Get a personal loan from Bajaj Finance, without having to submit any of your assets as collateral

Competitive Interest Rates

The interest rates start from just 12% p.a.

Up to 45% Lower EMIs

Pay just the interest component during the initial phase of the repayment tenure and save up to 45% on EMIs

Flexible Repayment Tenure

Repay the loan amount over tenure ranging up to 6 years 

Transparency in Charges

Bajaj Finance is completely transparent regarding the charges applicable to your loan

About Flexi Hybrid Loan Facility

With a Flexi Hybrid Loan, you can borrow and instantly withdraw funds from your loan account at your convenience. This differentiates it from traditional term loans and serves as a critical differentiator. Also, you get the option to pay only interest as EMI for the first few years. The principal amount can be paid during the later phase of the repayment period.

 

Let us understand this better with an example. Assume you have taken a loan of ₹5 Lakhs and then withdrew ₹2 Lakhs. In this case, you will have to pay interest on the ₹2 Lakhs only. Also, you can make multiple withdrawals. You may also opt for a prepayment option without having to pay any additional penalties or charges.

Eligibility Criteria and Documents Required

Ensure that you meet the Bajaj Finance Personal Loan eligibility parameters when applying for a loan: 

  • You must be a citizen of India

  • You must be a salaried individual

  • You must fall under the age bracket of 21 to 66 years

  • You must be an employee of a private company, a public company, or an MNC of repute

  • Your minimum monthly salary should be ₹25,000

  • You must have a CIBIL score of 685 or above

 

 

Make sure to have the required documents handy during the loan application process. These include:

  • Any one of the following:

    • Aadhaar card

    • Passport

    • Driving licence

    • Voter ID

  • Salary slips of the last 3 months

  • Bank statement of the last 3 months

  • PAN card

How to Apply?

Here’s how you can apply for a Bajaj Finance Personal Loan on Bajaj Markets:

  • Click on ‘Apply Now’ on this page

  • Enter your personal and professional information

  • Select ‘Bajaj Finance’ from the list of lending partners

  • Choose the required loan amount and preferred repayment tenure

  • Submit the online application

  • Following this, a representative will reach out to you for further proceedings

personal loan

FAQs

Can I get a personal loan from Bajaj Finance?

Yes, you can easily get a personal loan from Bajaj Finserv. All you must do is fulfil the basic eligibility criteria, fill up the application form, and upload the required documents on theBajaj Markets portal.

Why should I apply for a Bajaj Finance Personal Loan?

With a personal loan from Bajaj Finserv, you can borrow up to ₹35 Lakhs at interest rates starting from just 12% p.a. Furthermore, you can repay the loan over flexible tenures of up to 6 years. 

Can I avail a personal loan from Bajaj Finance if I am self-employed?

No. To apply for a personal loan from Bajaj Finance on Bajaj Markets, you must be a salaried individual.

What is the minimum and maximum loan repayment tenure for a personal loan from Bajaj Finserv?

The minimum and maximum loan repayment tenures are 12 months and 72 months, respectively.

What is cooling-off or look-up period?

If you wish to cancel/exit the loan, you have a window of 3 days from the loan booking date to do so.  Within this cooling-off period, you can assess the loan's rates, terms, and conditions.

Also, you will be required to repay the principal amount and the Annual Percentage Rate (APR) charged without paying any penalty. After this period concludes, standard prepayment charges will be applicable, as per RBI guidelines.

For cancellation of the loan during the cooling-off/look-up period, you can visit the customer portal at https://www.bajajfinservmarkets.in/custaccount/#/contact, call on 8698010101, or write to BFL at wecare@bajajfinserv.in . For more details, visit https://www.bajajfinserv.in/

What are the factors that affect the interest rate of a Bajaj Finance Personal Loan?

Your credit score, income, employment stability, required loan amount, preferred tenure, and relationship with your lender can have an impact on the interest rate offered to you.

Can I foreclose or prepay my Bajaj Finance Personal Loan?

You can make part prepayments or foreclose your personal loan from Bajaj Finance. However, you will be required to pay certain penalties and charges for using this facility.

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