Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Check Eligibility

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 11% p.a. for tenures ranging up to 8 years.

Interest Rates and Charges

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

Interest Rate

11% to 35% p.a.

Processing Charges

Up to 3.93% (Inclusive of applicable taxes) of the loan amount

Part-prepayment Charges

Up to 4.72% (Inclusive of applicable taxes)

Loan Foreclosure Charges

Up to 4.72% (Inclusive of applicable taxes)


  • Up to 0.295% - Intitial Tenure
  • Up to 0.295% - Subsequent Tenure

Penal Charges

Delay in payment of instalment(s) shall attract Penal Charge of ₹6 - ₹12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Bounce Charges

  • ₹700 - ₹1,200 per bounce
  • “Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason

Stamp Duty

As per the laws of the state

Broken Period Interest

Added to First Instalment

Flexi Fee

Term Loan - NA

Flexi Hybrid Loan - 

  • Up to ₹1,999 for loan amounts up to ₹1,99,999
  • Up to ₹3,999 for loan amounts ranging from ₹2,00,000 to ₹3,99,999
  • Up to ₹5,999 for loan amounts ranging from ₹4,00,000 to ₹5,99,999
  • Up to ₹7,999 for loan amounts ranging from ₹6,00,000 to ₹9,99,999
  • Up to ₹8,999 for loan amounts ranging from ₹10,00,000 to ₹14,99,999
  • Up to ₹9,999 for loan amounts ranging from ₹15,00,000 to ₹19,99,999
  • Up to ₹10,999 for loan amounts ranging from ₹20,00,000 to ₹24,99,999
  • Up to ₹11,999 for loan amounts ranging from ₹25,00,000 to ₹29,99,999
  • Up to ₹12,999 for loan amounts equal to and above ₹30,00,000

Cash Collection Handling Charges

₹177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs

Cash Deposit Charges

Customers will incur a cash deposition charge of ₹50 (Inclusive of Applicable taxes) when making cash payments at our branch offices

PG facility charges

₹11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties

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


For Micro Finance Loans, please note below:

Purchase of any non-credit product by the micro-finance borrowers is purely on a voluntary basis. Minimum interest, Maximum interest and average interest are 11%, 35% and 27.77% per annum respectively. Part pre-payment and Foreclosure charges are nil.

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 11% 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 8 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:

    1. Aadhaar card

    2. Passport

    3. Driving licence

    4. 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


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 11% p.a. Furthermore, you can repay the loan over flexible tenures of up to 8 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 Finance?

The minimum and maximum loan repayment tenures are 12 months and 96 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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