Bajaj Finance Personal Loan Ltd provides a range of financial products to help you manage your money. Whether you need a personal loan for expenses, a home loan to buy or renovate a house,
A credit card with rewards, insurance to protect your family, or investment options to grow your savings, Bajaj Finance has you covered. We aim to make getting financial help quick and easy.
Interest Rates and Charges
Bajaj Finance Personal Loan Ltd: Bajaj Finance Personal Loan interest rates and associated charges are as follows:
| Processing Charges | Up to 3.93% (Inclusive of applicable taxes) of the loan amount |
| Part-prepayment Charges | Upto 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi |
| Loan Foreclosure Charges | Term Loan:Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-paymentFlexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.Flexi Hybrid Loan: Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. |
| AMC | Term Loan: Not ApplicableFlexi Term Loan (Flexi Dropline): Up to 0.295 % (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such chargesFlexi Hybrid Loan:Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. – Bajaj Finance Personal Loan Ltd |
| 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 (i) dishonour of any payment instrument; or (ii) 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 ₹1,99,999Up to ₹3,999 for loan amounts ranging from ₹2,00,000 to ₹3,99,999Up to ₹5,999 for loan amounts ranging from ₹4,00,000 to ₹5,99,999Up to ₹7,999 for loan amounts ranging from ₹6,00,000 to ₹9,99,999Up to ₹8,999 for loan amounts ranging from ₹10,00,000 to ₹14,99,999Up to ₹9,999 for loan amounts ranging from ₹15,00,000 to ₹19,99,999Up to ₹10,999 for loan amounts ranging from ₹20,00,000 to ₹24,99,999Up to ₹11,999 for loan amounts ranging from ₹25,00,000 to ₹29,99,999Up 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. – Bajaj Finance Personal Loan Ltd 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 |
| Platform Fees | ₹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 |
Must Read:- Mahindra Finance Personal Loan Review: Eligibility & Documents Required For Personal Loan In India
Bajaj Finance Personal Loan
Here is everything you need to know about Bajaj Finance Personal Loan – Bajaj Finance Personal Loan Ltd
A Personal Loan from Bajaj Finserv Lending is an easy way to get money for various needs. Whether you want to make a large purchase, pay off debt, or handle unexpected expenses, our loans offer fast approval, good interest rates, and a simple application process.
With features designed to fit your needs, our Personal Loan can help you achieve your financial goals.
Features and Benefits
Bajaj Finance Personal Loan Ltd: Bajaj Finserv Lending offers some great features with our Salaried Personal Loans:
Instant Online Approvals
Get approved for loans up to Rs. 15 lakhs quickly online. No need to visit a branch—just fill out the form online, and you’ll get approval in 90 seconds.
Loans Up to Rs. 25 Lakhs
We offer loans up to Rs. 25 lakhs, so you can fund your biggest dreams. This is the highest amount you can get in this category.
Prompt Repayment Benefit
If you pay your first 12 EMIs on time, you’ll get back 1% of the annual interest you’ve paid. This benefit is available for the whole loan term and is paid at the end of each year if you stay on track with your payments.
Part Prepayment Facility
You can pay off part of your loan up to 6 times a year. Each prepayment must be at least 3 EMIs, and there’s no maximum limit. This option is available after you’ve paid your first EMI.
No Foreclosure Charges
You can pay off your loan early anytime without any extra fees.
Preapproved Offers
As an existing customer, you’ll receive special preapproved offers from time to time.
Online Account Access
Manage your loan easily online. Check your repayment details, interest information, and payment history by logging into our portal with your loan account number.
Home Loan
A Home Loan from Bajaj Finserv Lending makes it easier to buy your dream home or fix up your current one. Whether you’re purchasing a new house, renovating, or refinancing, our loans offer flexible terms and great interest rates. We’ve designed our Home Loan to help you achieve your home goals. – Bajaj Finance Personal Loan Ltd
Features and Benefits
Bajaj Finance Personal Loan Ltd: At Bajaj Finserv Lending, we use the latest technology and smart ideas to offer you great features with our Home Loans. Here’s what makes us different:
Total Loans
If you’re buying a ready-to-move-in home, we offer extra funds to help with fixtures and fittings as part of your loan. This helps you get your new home just the way you want it.
Refinance
If you bought your property in the last 12 months with your own money, you can refinance it with us. You can get a new loan up to the property’s registered value.
Part Prepayment Facility
You can pay off part of your loan early in amounts of at least 3 EMIs each time, with no limit on how much you can prepay, as long as you’ve paid your first EMI.
Prompt Repayment Benefit
If you pay your first 12 EMIs on time, you’ll get back 0.5% of the annual interest paid. This benefit is available for the first three years and is paid at the end of each 12-month period, as long as all 12 EMIs are paid on time.
No Foreclosure Charges
You can pay off your loan early at any time without any extra fees.
Online Account Access
Manage your loan easily online. Check your repayment details, interest information, and payment schedule by logging into our digital customer portal with your loan account number.
Loan Against Property
Don’t let a lack of funds hold back your big plans. Whether you’re looking to make a major investment, buy property, or expand your business, our Loan Against Property options can help you get the capital you need.
Product Portfolio
We offer several types of loans to fit your needs, including:
- Loan Against Commercial Property
- Loan Against Residential Property
- Loan for Buying Commercial Property
- Loan Against a Plot
- Lease Rental Discounting
- FlexiSaver Loan
Features and Benefits
Bajaj Finance Personal Loan Ltd: We make it easy to get the most out of your loan with these benefits:
Part Prepayment Facility
You can pay off part of your loan early, with no limit on how much you can prepay, as long as each prepayment is at least 3 EMIs and you’ve paid your first EMI.
Prompt Repayment Benefit
If you pay your first 12 EMIs on time, you’ll get back 1% of the interest paid. This benefit is available for the first three years, paid at the end of each year, as long as you keep up with your payments.
No Foreclosure Charges
You can pay off your loan early at any time without extra fees.
FlexiSaver
If you’re an existing customer, you can use our FlexiSaver facility, which combines a Term Loan and Credit Line—something unique in India.
Online Account Access
Manage your loan easily online. Check your payment schedule, interest details, and payment history by logging into our portal with your loan account number.
Eligibility Criteria and Documents Required
Bajaj Finance Personal Loan Ltd: 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 65 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?
- 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
FAQ’s
1. What loans does Bajaj Finance offer?
We offer personal loans, home loans, loans against property, and more. We also have credit cards and insurance options.
2. How do I apply for a personal loan?
You can apply online through our website or visit a branch. Just fill out the form, and you’ll get a quick approval.
3. What’s the maximum loan amount I can get?
You can borrow up to Rs. 25 lakhs, depending on your eligibility and financial situation.
4. What are the interest rates?
Interest rates vary based on your credit score, loan amount, and term. Check our website or contact us for the latest rates.
5. How fast is loan approval?
You can get approval in about 90 seconds after submitting your application. The time for disbursement may vary.
Conclusion
Bajaj Finance Personal Loan Ltd: Bajaj Finance offers a range of financial products to meet your needs, including personal loans and home loans. With quick approvals, flexible terms, and competitive interest rates, we make managing your money simpler. Whether you need funds for personal projects or buying a home, we’re here to help. For more details or to apply, visit our website or contact us directly. You can also check out more financial tips and updates on finrollnews.com.