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Bajaj Finance Personal Loan

The loan comes with no hidden charges and 100% transparency, which make your overall borrowing experience seamless.

Rate of Interest 13% onwards

Repayment over 12 to 84 months

Features and Benefits of Bajaj Finserv Personal Loan

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45%* lower EMIs with Flexi Loan
Repay with interest-only EMIs and reduce your monthly instalments with our Flexi facility.
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24 hours* disbursal
With a simple online application process, get money in your bank account on the same day of approval*.
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Approval in 5 minutes
Meet our basic eligibility criteria and get instant approval.
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Repay over 60 months
Pick a convenient tenor ranging from one to five years to repay your loan.
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No collateral required
No guarantors or collateral needed to get approval on your loan application.
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No extra charges* on part-prepayment
Pre-pay your loan with surplus funds at no added cost with a Flexi loan.
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Special offers for pre-approved customers
Our existing cutomers enjoy quicker processing with special offers and a range of benefits.
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Personal loan EMIs starting Rs. 1,104/lakh
Borrow as per your needs and manage your personal loan EMIs with ease.

Be it planned or unplanned expenses, urgent or elective needs, borrow a personal loan from Bajaj Finserv to enjoy instant approval. The Bajaj Finserv Personal Loan is an instant personal loan that requires no collateral or security. Use it for any purpose or to meet any goal without restriction. Common uses of an instant personal loan include financing medical treatment, home improvement, weddings, travel, or education.

Get up to Rs. 25 lakh with minimal documents by meeting simple eligibility criteria and get the money you need in your bank within 24 hours. Choose a repayment term that suits you and repay the loan with ease. Pre-pay the loan at any time without any added fees.

You can also take advantage of our Flexi loan facility to withdraw and pre-pay funds within your loan limit as per your needs. What's more, you can choose to pay interest-only EMIs for the first portion of the tenor to reduce your EMIs by up to 45%*.

Fast processing, minimal paperwork, and zero collateral make our instant personal loan a smart choice for Indian professionals. A competitive interest rate and no hidden charges make repayment easier too. To get quicker access to funds, check your pre-approved offer from Bajaj Finserv.

* Conditions apply

Features and Benefits of Bajaj Finserv Personal Loan

card
45%* lower EMIs with Flexi Loan
Repay with interest-only EMIs and reduce your monthly instalments with our Flexi facility.

Be it planned or unplanned expenses, urgent or elective needs, borrow a personal loan from Bajaj Finserv to enjoy instant approval. The Bajaj Finserv Personal Loan is an instant personal loan that requires no collateral or security. Use it for any purpose or to meet any goal without restriction. Common uses of an instant personal loan include financing medical treatment, home improvement, weddings, travel, or education.

Get up to Rs. 25 lakh with minimal documents by meeting simple eligibility criteria and get the money you need in your bank within 24 hours. Choose a repayment term that suits you and repay the loan with ease. Pre-pay the loan at any time without any added fees.

You can also take advantage of our Flexi loan facility to withdraw and pre-pay funds within your loan limit as per your needs. What's more, you can choose to pay interest-only EMIs for the first portion of the tenor to reduce your EMIs by up to 45%*.

Fast processing, minimal paperwork, and zero collateral make our instant personal loan a smart choice for Indian professionals. A competitive interest rate and no hidden charges make repayment easier too. To get quicker access to funds, check your pre-approved offer from Bajaj Finserv.

* Conditions apply

Current Personal Loan Interest Rate, Fees and Charges

With a Bajaj Finserv Personal Loan, you can get up to Rs. 25 lakh at an attractive interest rate. The loan comes with no hidden charges and 100% transparency, which make your overall borrowing experience seamless.

The latest personal loan interest rates and charges are listed in the table below:

Types of FeesCharges Applicable
Rate of Interest13% onwards
Processing FeesUp to 4% of the loan amount (plus applicable taxes)
Bounce ChargesRs.600 - Rs.1,200 per bounce (inclusive of applicable taxes)
Penal InterestA delay in payment of monthly instalment/EMI shall attract penal interest of 2% to 4% per month on the monthly instalment/EMI outstanding. This penal interest will be chargeable from the date of default until the receipt of the monthly instalment/EMI.

Document/statement charges

Statement of Account/Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/other documents

Download your e-statements/letters/certificates at no extra cost by logging into our customer portal - Experia.

You can get a physical copy of your statements/letters/certificates/other list of documents from any of our branches at a charge of Rs.50 (Inclusive of applicable taxes) per statement/letter/certificate.

Part-Payment charges**2% + applicable taxes on part-payment amount paid*
Stamp DutyAt actuals. (as per state)

*Applies to e-statements. You can get a physical copy from any branch for Rs. 50 (inclusive of taxes).

**These charges are not applicable for the Flexi Loan facility. Moreover, the part-prepayment should be more than 1 EMI.

Personal Loan Foreclosure Charges

Types of FeesCharges Applicable
Term Loan4% plus applicable taxes on the principal outstanding amount as on the date of full prepayment

Mandate rejection service charge: Rs.450 (inclusive of applicable taxes)

Charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer's bank for any reasons whatsoever.

Additional cess will be applicable on all charges for all products in accordance with the state-specific laws.

Bajaj Finserv offers personal loans of up to Rs. 25 lakh at competitive interest rates starting at 13%. There are no hidden charges, and you are assured of 100% transparency.

By securing an affordable interest rate, you can use the Bajaj Finserv Personal Loan to meet your financial goals cost-effectively. When applying for a personal loan, do account for the processing fee of up to 4% of the loan amount plus taxes. This is a one-time fee. You can split repayment into a maximum of 60 EMIs as you get a flexible repayment tenor up to 60 months. For ease of planning, use the Personal Loan EMI Calculator.

When taking a personal loan, prior planning is a must as defaults attract fines and penal interest. The bounce charges range from Rs.600 to Rs. 1,200, and penal interest is charged at the rate of 2% to 4% per month on the monthly instalment/EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI.

Part-prepayments help make loan repayment cheaper as they reduce the outstanding principal. However, make sure to judge the benefit of a partprepayment by accounting for the fee of 2% plus taxes on the amount paid. The part-prepayment fee does not apply to the Flexi loan facility.

If you want to pre-close your loan, you will incur a nominal charge of 4% plus taxes on the outstanding principal. For a Flexi loan, the foreclosure charge is 4% plus taxes and cess on the withdrawable amount.

To view your loan documents and statements, simply visit the customer portal - Experia. You can download e-statements, letters, certificates and more from Experia. For physical copies, you can visit the nearest Bajaj Finserv branch and pay a nominal fee of Rs. 50 to obtain the copy you need.

Personal Loan Eligibility Criteria

Fulfill the simple eligibility criteria to get a personal loan of up to Rs. 25 lakh and meet a wide range of financial needs. These loans are collateral-free and are offered against easy-to-meet parameters. You can get the loan amount in your bank within 24 hours of approval.

When you apply for a Bajaj Finserv Personal Loan, you need to meet the following basic eligibility criteria:

Nationality :

Age :

Work Status :

Employment :

CIBIL Score :

Monthly Salary:

Indian

21 to 67 years*

Salaried

Working at an MNC, public or private company

750 or higher

Starting Rs. 22,000, based on your city of residence

The minimum monthly salary required for applicants from cities like Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, Thane is Rs. 35,000 per month.

Residents of Ahmedabad, Kolkata applying for a personal loan should be earning Rs. 30,000 per month.

Applicants from Jaipur, Chandigarh, Nagpur, Surat, Cochin should be earning at least Rs. 28,000 per month.

Residents of centers such as Goa, Lucknow, Baroda, Indore, Bhubaneswar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut, Rajkot should have a minimum monthly income of Rs. 25,000.

Customers looking to avail of a personal loan from other cities including Bidar, Mandya, Bhadrak, Balangir, Hassan, Junagadh, Chalisgaon, Godhra, Gandhidham, Pen and others should be earning a minimum monthly salary of Rs. 22,000 per month.

For a complete list of our locations, please click here.

Documents required for a personal loan

  • KYC documents
  • Employee ID card
  • Salary slips of the last 2 months
  • Bank account statements of the previous 3 months
  • To qualify for a Bajaj Finserv Personal Loan, you only need to meet the eligibility parameters stated above. The minimum monthly salary criteria are based on the city you reside in. While you are required to submit proof of your income, we try to ensure the process is as streamlined and hasslefree as possible with minimal documents.

    Keep your basic KYC documents and your bank statements handy when you fill up the application form. On verification of your documents, your application will be approved, and you can get your personal loan in your bank account within 24 hours of approval.

    *Conditions apply

    Steps to apply for Personal Loan

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