Looking to renovate your home, planning a family vacation, funding your child's education or an upcoming marriage, a Personal Loan from Bajaj Finserv is your answer to instant cash without the wait.

Personal Loan: Features and Benefits

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.

Part prepayment facility

There are times when you may have some extra cash in hand, you can then choose to pre-pay a part of your Personal Loan amount which would not only reduce your overall tenure/EMIs but also help you close your Personal Loan quickly. There are no extra charges or fees for pre-payment facility.

These points will help you understand part-prepayment better:

  • You can pre-pay up to six times in a calendar year
  • The minimum pre-payment amount cannot be less than the sum of 3 EMIs.
  • There is no maximum limit for the pre-payment amount for Personal Loan.

You can also avail Flexi Loan, a flexi payment facility for your existing Personal Loan with which you get a benefit of saving interest cost by pre-paying any additional funds that you may have, without any interest being charged on the part-paid amount.

Flexi loans

Flexi loan account is an industry first facility extended by Bajaj Finserv. The advantage of the product is that you can pre-pay and drawdown money within the drop-line facility using a self-service process, which is easy and hassle-free. Once you avail the flexi facility, you stand to benefit by saving interest cost by pre-paying any additional / idle funds that you may have, without any interest being levied on the part-paid amount.

Benefits of Flexi loans

Flexi Loans offers many benefits over an existing term loan:

  • You have the flexibility to pre-pay the loan with idle funds.
  • You can re-avail the pre-paid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation.
  • You save on interest costs. Interest is payable only on the utilized loan amount. There is no interest levied on the pre-paid amount.
  • Seamless, easy, hassle-free online transactions on the Bajaj internet portal– Experia, the self-service account access tool for drawdown and RTGS that allows you to make pre-payments to Bajaj Finserv Ltd. through net banking facility.

Nil foreclosure charges

In case you choose to foreclose your Personal Loan anytime during your tenure after the first EMI is paid, you can do so without any added foreclosure charges.

Preapproved offers

As an existing customer of Bajaj Finserv, you will be eligible to get exclusive pre-approved offers for Personal Loans from us.

Online account access

Once you’ve availed a Personal Loan from Bajaj Finserv, you can get all information about your Personal Loan like payment schedule, interest certificate, repayment track and key information related to your loans through our digital customer portal.

For details about Personal Loan agreements, terms and conditions or have any questions, you can refer to our Personal Loan FAQs.