Features and benefits
Features and benefits
Loans up Rs. 1 crore
Disbursal in 4-days
Hassle-free and quick loan disbursal
Flexible tenure
Easy balance transfer facility
Lower EMIs
Low interest rates
Eligibility and documents
Eligibility and documents
Nationality – Residing Indian citizens
Work experience – 5 years for salaried applicants 5 years of business continuity for self-employed applicants
Age – 28 to 58 years** for salaried applicants 25 to 70 years** for self-employed applicants
** Upper age limit is the age at loan maturity
Fees and charges
Fees and charges
Interest rate: 8.40%* onwards
Processing fee- Up to 7% of loan amount + GST applicable
Penalty interest: 2% per month in addition to the applicable Interest Rate on overdue amount
EMI Bounce Charges: Up to Rs.3000
Minimum Annual Percentage Rate for unsecured Personal Loans in Bajaj Finance Limited is 12.5% and maximum Annual Percentage Rate is 41%. This rate of interest varies basis our internal credit and risk policy and as per an algorithmic multivariate score card.
- Part payment charges for Flexi loans - Nil
- Part payment charge for Term loans - 2% + applicable taxes on part-payment amount paid
- Foreclosure charges on Flexi loans - 4% + applicable taxes on the total withdrawable amount (total amount that you can withdraw under flexi loan, from time to time as per repayment schedule)
- Foreclosure charges on Term loans - 4% + applicable taxes on principal outstanding
The personal loan terms mentioned here are subject to change, based on policy revisions. For the updated product details, please click here
