Bajaj Finserv in your state
Located in eastern India, West Bengal is rich in history, culture, food, education, music, tourism and industry. The state has the sixth-largest economy in India.
Residents seeking additional financial support can take a personal loan in West Bengal from Bajaj Finance. Approach any of our branches in the state or apply online to get your instant personal loan in West Bengal.
Features of an instant personal loan in West Bengal
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Loans of higher value
Get funds of up to Rs. 40 lakh and cover various expenses from medical emergencies to home renovation.
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Submit basic documents
You only have to submit your salary proof and KYC documents to process the loan in West Bengal.
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Transparency
Our 100% transparent policy means zero hidden charges. You only pay the charges mentioned.
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Get the money in your account
Receive the sanctioned loan amount directly in your account after approval and put it to use immediately.
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Pre-approved offers
Enter your name and phone number to check your pre-approved offers.
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Flexi loan
Take advantage of the unique Flexi loan facility and reduce your EMIs by up to 45%*.
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Approval in minutes*
For instant approval, submit the loan application online with accurate details.
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Convenient tenor
Use the personal loan EMI calculator to know your outflow and choose a tenor of up to 96 months to repay.
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Online account facility
The online account management facility on our portal, Experia, keeps you updated about your loan 24x7.
West Bengal’s economy is primarily based on agriculture and small enterprises. Some of the principal crops cultivated in the state are rice, sugarcane, potato, tea and wheat. The capital city, Kolkata, is home to major small and large manufacturing industries, including electronics, cables, engineering products, steel, textiles, railway coaches, leather and jewellery.
Considering the diverse needs of the people of West Bengal, Bajaj Finance offers instant personal loans in West Bengal with exclusive features. As a borrower, you can select your preferred tenor of up to 96 months and repay in small, manageable EMIs. Also, our account management facility helps you stay updated about the loan details 24/7. Log in to our customer portal, Experia.
*Conditions apply
Eligibility criteria to apply for instant personal loans in West Bengal
Learn more about the eligibility criteria and documents required to make an informed decision.
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Age
Between 21 years to 80 years*. 80 years* or younger, at the end of the loan tenure.
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Employment status
Salaried employee of a public/ private company or an MNC
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Indian (residing in the country)
Nationality
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CIBIL score
685 or above
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Income
It varies according to your city of residence. Check the city list to know the requirement for your city
Apart from meeting the eligibility criteria, you need to submit a few essential documents like your identity proof, address proof, income proof, etc. Use our Bajaj Finserv online eligibility calculator to check the maximum amount you can qualify for. This increases your chances of approval for instant personal loans in West Bengal.
Personal loan interest rates and applicable charges
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)
*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
Part-prepayment
*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:
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
You need a minimum salary of Rs. 25,001 to apply for our personal loan.
You can get our personal loan even if you get your salary in cash.
You need to submit salary slips to get our personal loan. Select existing customers may get our Insta Personal Loan without having to submit any documents, such as salary slips.
You can get our personal loan within 24 hours*.
*T&C apply
