2 min read
25 May 2021

Additional expenses beyond your budget keep surfacing during the course of your life. These could include healthcare costs, travel, higher studies, 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 Personal Loan

Loan amount and tenor

Bajaj Finserv extends a personal loan up to Rs. 40 lakh with a flexible tenor ranging up to 96 months. These loans require no collateral or guarantor. They are available at a nominal interest rate.

Instant approval

You can apply for a personal loan online and get approval within 5 minutes.

Money in the bank within 24 hours

Upon approval, the personal loan is disbursed into your bank account within a day.

Flexi personal loan

Bajaj Finserv Personal Loan offers a Flexi loan facility. You get a 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: Benefits of a Flexi personal loan

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

The EMIs usually consist of both the principal and the interest components. You can withdraw more money from the sanctioned limit whenever you need it.

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.

Check your eligibility, and apply for a Bajaj Finserv Personal Loan to borrow as you need and repay when you can.

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