Know All the Features and Benefits of Your Bajaj Finserv Personal Loan
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Know All the Features and Benefits of Your Bajaj Finserv Personal Loan

  • Highlights

  • Meet personal expenses with an unsecured personal loan

  • Bajaj Finserv offers Flexi interest-only personal loan

  • Get a personal loan up to Rs. 25 lakh with ease

  • Borrow as you need, and repay when you can with Flexi loan facility

Additional expenses, beyond your budget keeps surfacing during the course of your life. These could include costs towards health care, travel, higher courses, home or car renovation, and more. Bajaj Finserv Personal Loan can help you meet these expenses without affecting your investments.

Here Are the Features and Benefits of Your Bajaj Finserv Unsecured Personal Loan:

 

Loan Amount and Tenor

Bajaj Finserv extends personal loan up to Rs. 25 lakh. They have a flexible tenor ranging from 12 to 60 months. These loans require no collateral or guarantor. They are available at nominal interest rate.

Instant Approval

Bajaj Finserv Personal Loan application is approved within 5 minutes.

Money in Account Within 24 Hours

Upon approval, the personal loan is disbursed into your account within 24 hours.

Flexi Personal Loan

Bajaj Finserv Personal Loan offers Flexi loan facility. You get pre-approved loan limit, but you can withdraw as much is required at a given point. The interest is calculated only on the borrowed sum.

Additional Read: Find The Right Personal Loan Tenor That Works For You

For example, if you have a pre-approved loan limit of Rs. 20 lakh, and you need just Rs. 5 lakh, you can withdraw only that amount. The interest will be applicable only on Rs. 5 lakh. You can make part-prepay without incurring any penalty, when you have the additional funds. Each time you withdraw, the amount of money left in the loan facility reduces accordingly. Each time you part-repay, the amount of funds available in the loan facility increases accordingly, unlike the Flexi term loan.

The EMIs consist of both the principal, and the interest component. You can withdraw more money from the line whenever you need.

Each time you withdraw, the amount of money left in the loan facility reduces accordingly. If you have extra funds, you can make part-prepay without any penalty charges.

Flexi Loan Explained

Instant approval on India’s fastest personal loan

Bajaj Finserv, one of India’s most diversified non-banks, offers unsecured personal loans with instant approvals and disbursals within 24 hours!

Whether you are addressing an urgent medical emergency or planning a last-minute holiday, a personal loan offers quick and affordable financing. And the latest offer on personal loan – approval in minutes, disbursal within 24 hours, and the flexibility to repay loans with interest-only EMIs – redefines the way you have been borrowing money.

Simply complete the online application form, submit your documents, and get approval in minutes. As long as you meet the eligibility criteria, and have an acceptable credit score, you can avail financing up to Rs.25 lakh within 24 hours.

While other lenders claim to offer personal loans with a relatively short turnaround time too, this service is usually reserved for their existing customers. But Bajaj Finserv, with it’s fast underwriting processes, ensures you receive the personal loan you need with lightning-quick disbursals.

Need funds instantly? Think it. Done with Bajaj Finserv.

Get money in your bank in just 24 hours with India’s fastest Personal loan

Flexi Interest-only Loan

Don’t have enough funds to pay both the principal, and the interest component as EMIs? Bajaj Finserv offers Flexi interest-only loan facility, where you pay only the interest component as You can make part-prepay without incurring any penalty, when you have the additional funds. Each time you withdraw, the amount of money left in the loan facility reduces accordingly. Each time you part-repay, the amount of funds available in the loan facility increases accordingly, unlike the Flexi term loan.

EMIs. You can repay the principal at the end of the loan tenor. This reduces your EMIs substantially.
You can know your EMIs for Flexi interest-only loan facility with Flexi interest-only loan EMI calculator.

For example, for an amount of Rs. 1 lakh, the EMI comes to Rs. 1333 at 16% interest rate, and tenor 12 months.
The EMIs for the same scenario would have been Rs. 9667, under Flexi term loan, where you have to pay both the principal, and the interest as EMIs.

You can make part-prepay without incurring any penalty, when you have the additional funds. Each time you withdraw, the amount of money left in the interest-only loan facility reduces accordingly. Each time you part-repay, the amount of funds available in the loan facility increases accordingly, unlike the Flexi term loan.
Check your personal loan eligibility, and apply for a Bajaj Finserv Personal Loan to borrow as you need, and repay when you can.

Personal Loan Instant Approval

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