Rs. 40000 - Rs. 55 lakh
You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | Apply online in 5 minutes
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A Flexi personal loan lets you use money as and when you need it. You get approved for a loan limit and can borrow from this limit many times without applying again each time. You pay interest only on the amount you withdraw, not on the entire limit.
✅ Check your pre-approved loan offer with phone number and OTP → Compare the different loan variants → Apply online in 5 minutes
What are the benefits of Flexi personal loans?
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Borrow money on the go
Flexi personal loans help you take care of any unexpected or unplanned expenses. You can withdraw from your loan limit whenever you need money. Plus, you only pay interest on the amount you actually take out, not on money you don't use.
Why this helps: No waste of money on unused funds - you're only charged for what you actually need.
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Lower EMI payments
Since you don't have to take the entire approved amount at once, you save on interest costs. This means lower monthly EMI payments, which makes managing your monthly budget much easier.
Pro-tip: Start with smaller amounts and borrow more only when needed to keep EMIs low.
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Easy repayment with part-prepayments
A Flexi personal loan lets you withdraw what you need and also pay back lump sums whenever you have extra money. Best part? There are no extra charges for part pre-payments.
Smart move: Pay back extra amounts when you get a bonus or festival money to reduce your total interest.
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Instant and easy financing
Get instant loan approval and money in your bank within 24 hours* without long paperwork. You can make multiple withdrawals without applying for a new loan each time.
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Interest-only EMIs option
With the Flexi Hybrid Term Loans, you can choose to pay only the interest as your monthly EMI for an initian tenure of up to 2 years. The main loan amount (principal) can be paid after the initial tenure of up to 2 years.
Why this matters: This option keeps your monthly payments very low, giving you more cash flow for daily expenses.
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Get pre-approved offers
You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.
How to apply for personal loan
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Step-by-step guide to apply for a personal loan
- Click on ‘CHECK ELIGIBILITY’ on this page.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the offer or loan amount that you need. Choose from our personal loan variants.
- Choose the repayment tenure and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will contact you for further steps.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee |
Applicable charges |
Rate of Interest per annum |
10% to 31% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge |
Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi facility charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Principal Holiday Facility Fees |
Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount *(Loan amount includes approved loan amount, Insurance Premium & VAS Charges) |
Bounce charges |
Up to Rs. 1,200 per bounce. |
Pre-payment charges |
Full pre-payment
Part pre-payment
*Foreclosure will be processed post clearance of first EMI |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges |
Term Loan: Not applicable Flexi 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 charges. Flexi 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. |
Broken period interest / Pre-monthly Instalment interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:
Scenario 1: If Loan is disbursed on 1st or post 10th of the month: |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.