Features and Benefits

Instant Approval

Get approval in under 5 minutes

Money in bank instantly

Access your money in just 24 hours

High-value loans

Avail a personal loan up to Rs. 25 lakh

Minimal documentation

Faster access to your money with some basic documents

Flexible Tenor

Choose your tenor, which ranges between 12 and 60 months

How to Avail

01

Share your basic details

like your name, mobile number and your OTP.

02

See your pre-approved offer

without any waiting time.

03

Get pre-approved instantly

and start accessing your money

Documents Required

To avail pre-approved Personal Loan by Bajaj Finserv, you need to provide the following documents:

  • KYC Documents
  • Employee ID card
  • Salary slips of the previous 2 months
  • Bank account statements of your salary account, for previous 3 months

Interest Rate and Charges

Here’ a look at the Interest Rate and Charges applicable on your Personal Loan:

  • Types of Fees
    Charges Applicable
  • Interest Rate
    13.99%
  • Processing Fees
    2.25% - 3% of the loan amount
  • EMI bounce charges
    Rs. 1,200 per bounce
  • Penal Interest
    2.38% default interest including taxes per month
  • Secure fee
    Rs. 4,499
  • Borrower Type
    Time Period
    Foreclosure Charges
  • All Borrowers
    More than 1 month from date of loan disbursal
    4% plus applicable taxes on principal outstanding*
 
 
*Foreclosure charges for term loan will be applicable on the current principal outstanding.
*Foreclosure charges for Flexi loans will also be calculated on the current principal outstanding.
   
Term Vs. Flexi

Term Loan – The sanctioned amount is disbursed in full.
Flexi Loans – The sanctioned amount is assigned to your loan account. Borrow just as much as you need from it.

Fees & Charges

Term Loan – Interest is charged on the full amount.
Flexi Loans – Interest is charged only on the utilized amount.

EMIs

Term Loan – EMI = Interest + Principal.
Flexi Loans – Opt to pay only interest as your EMI. Repay principal at the end of the loan tenor.