A Personal Loan is a great tool in managing your finances and acts as an impetus in putting your plans into actions. Here are the unique benefits of Bajaj Finserv Personal Loan:
Instant online approval
Get 100% end-to-end online Personal Loan solutions, which include information and assistance for Personal Loan eligibility criteria and documents, application to approval and disbursal. By opting for a Personal Loan from Bajaj Finserv you can get instant approval in 5 minutes and disbursal in your bank within 72 hours, through our online facility. All you need to do is fill an online form and check your Personal Loan eligibility online. Once approved, a Bajaj Finserv representative will get in touch with you and collect the documents required for Personal Loan.
Get funds in 72 hours in bank
We ensure as a standard that funds are at your disposal within 72 hours of the Personal Loan approval. This is the fastest turnaround time by any NBFC in India.
Loans up to Rs.25 lakh
You can apply for a Personal Loan online from Bajaj Finserv up to Rs.25 lakh and repay it at your ease by opting for tenures ranging from 24 months to 60 months.
You can also use the Personal Loan EMI calculator to know how much EMI you will have to pay for your Personal Loan.
Personal Loan: Interest Rates and Charges
For instant loan approvals online of up to Rs.25 lakh
| Applicable charges | |
| Processing fees | 2.25% - 3% of the loan amount |
| EMI bounce charges | Rs 1,000 for every bounce |
| Penal interest | 2.00% p.m |
| Interest rate | 12.75% onwards |
| Secure fee only for online | Rs. 999/- |
Foreclosure Charges
| Borrower Type: Interest Type | Time Period (Months) | Foreclosure charges |
| NA | >1 | 4% plus applicable taxes on principal outstanding * |
*Foreclosure: charges will be applicable on the current principal outstanding.
*Foreclosure charges for line of credit and Flexi loans will be calculated on the Current principal outstanding
*Foreclosure charges for line of credit and Flexi loans will be calculated on the Current principal outstanding
Part prepayment charges
| Borrower Type: Interest Type | Time Period (Months) | Part payment charges |
| NA | >1 | 2% plus applicable taxes on part payment amount paid |
*Part payment made should be more than 1 EMI
*Nil part payment charges for flexi
*Nil part payment charges for flexi
Annual Maintenance charges
| Line of Credit | Flexi Loan | Personal Line |
| 0.25% on sanctioned amount | 0.25% on Flexi Dropline limit | 0.25% on Flexi Dropline limit |
*Chargers will be levied annually
Documents required for Personal Loan
| Category | Documents Required |
| Financials | Salary slips of the last 2 months |
| Bank statements | Salary account bank statement of the last 3 months |
| Employment proof | Employee ID card |
| KYC | Identity proof (Any one of the below) Passport / Voters ID card / Driving license / PAN card |
| Address proof (Any one of the below) Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign) Source:- www.bajajfinserv .in |
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