Personal Loan in Maharashtra

Bajaj Finserv in your state

Maharashtra is one of India’s largest industrial and commercial centres. Maharashtra is a leader among Indian states in agricultural and industrial production, trade and transport, and education.

Bajaj Finserv has 281 branches across the state. Locate the nearest branch or avail of our services online. For a personal loan, you can apply online via our website.

Flexible tenor

Reduce your repayment hassle by choosing a feasible tenor. Options up to 96 months are available.
Money credited in 24 hours*

Get your instant personal loan within 24 hours* in your bank account. You can use it immediately.
Pre-approved offers

Know your pre-approved offers using your name and contact number. Simplify and fasten the loan process.
Funds up to Rs. 40 lakh

Opt for a personal loan up to Rs. 40 lakh in Maharashtra and address your bigger expenditures effortlessly.
Zero hidden fees

We maintain complete transparency in our terms and conditions and have no hidden charges.
Flexi loans

Flexi loans allow repayment as per the borrower’s convenience and bring down EMIs by up to 45%*.
Minimum documents

Provide a few basic documents required for a personal loan. Also, meet the eligibility criteria to qualify.
Online loan management

Log in to our customer portal – Experia and manage your loan account online 24x7.
Quick approval

Once you submit the online application, be assured of receiving quick approval from us.

Maharashtra houses major cities like Mumbai, Nashik, Nagpur, Pune and others. International trade, technology, mass media, fashion, manufacturing, apparel, tourism and aerospace are the major economic drivers of Maharashtra. Besides, it is progressive in education, infrastructure, modern facilities, connectivity and culture.

Borrowers residing here need a multipurpose loan to address their diverse financing requirements. Bajaj Finserv brings the most flexible personal loan in Maharashtra with no restriction on its end-use. With this collateral-free credit, you can finance weddings, higher education, foreign trip, home renovation, consumer durables, and various other purposes.

You apply online for a personal loan and enjoy all our facilities and services in just a few clicks.

*Conditions apply

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Type of fee	Applicable charges
Rate of interest	11% to 38% p.a.
Processing fees	Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Fee	Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above All the Flexi charges above are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied.
Pre-payment charges	Full Prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment. Part-prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid. *Foreclosure will be processed post clearance of first EMI
Penal charge	Delay in payment of instalment(s) shall attract a penal charge of up to Rs. 12 per day 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.
Mandate rejection charges	Rs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate.
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	"Broken Period Interest/Pre-monthly Instalment interest" shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 - Over and above the period of 30 days from the date of disbursement of the Loan: Method of recovery of Broken Period Interest/Pre-monthly Instalment interest: For Term Loan: Deduct from disbursement or added in first EMI, as applicable. For Flexi Term Loan: Added to first instalment amount For Hybrid Flexi Loan: Added to first instalment amount Scenario 2: Less than period of 30 days from the date of disbursement of the Loan: Interest on first instalment will be charged for actual number of days.
Switch fee	Up to 1.18% of the loan amount (inclusive of applicable taxes). Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable.

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 38%, and 35.71% per annum respectively. Part pre-payment and Foreclosure charges are NIL.

Frequently asked questions

It is an online calculator that instantly calculates EMIs, total interest payable, and total loan cost, including principal and interest rate. With no manual calculation, provide the loan amount you require, the applicable interest rate, and your preferred repayment tenor.

You may refuse to pay the secure fee on a personal loan. However, you shall lose the advantage of instant approval in that case.

The Bajaj Finserv online portal has cutting-edge security arrangements which are updated constantly. This ensures your information is safe and secure with us at all times.

You can download our customer portal – Experia, on your mobile phone. Alternatively, track your application’s status through our official website.

For checking status offline, visit your nearest branch with your application number and the registered mobile number.

If you have taken a Flexi loan, no part-prepayment or foreclosure charges are imposed.