Manage Diwali expenses with personal loan

Manage Diwali expenses with personal loan

Light up your Diwali celebrations stress-free with a personal loan that offers instant funds and flexible repayment options.
Loan Types

Loan Types

FAQs

FAQs

Videos

Videos

Rs. 40000 - Rs. 55 lakh

You may be eligible for a pre-approved offer

Check now

Enter mobile and OTP | Quick online approval | Get money in a day*

Why choose a Bajaj Finserv Personal Loan for Diwali?

  • Diwali, the festival of lights, brings joy, celebrations, and new beginnings. From redecorating your home to handling festive expenses, having financial flexibility helps you celebrate without worry. With a Bajaj Finserv Personal Loan, you can access instant approval, minimal paperwork, and flexible repayment options, making it easier to fulfil your Diwali plans and enjoy a truly stress-free festive season.


    Check your pre-approved offer in minutes using just your mobile number and OTP – a 100% online process.

*Terms and conditions apply

Show More
Show Less

Why Bajaj Finance is ideal for Diwali festive loans

  • Instant approval and quick disbursal

    During the festive season, time is of the essence. Bajaj Finance offers instant loan approval, ensuring you do not have to wait long to access funds. Once approved, the loan amount is disbursed within 24 hours*, allowing you to plan your Diwali celebrations without delay.

  • No collateral required

    Bajaj Finserv Personal Loans are unsecured, meaning you do not need to pledge assets as security. This makes the process simpler and faster, especially for salaried professionals and self-employed individuals looking for quick financial solutions.

  • Flexible repayment options

    With repayment tenures of up to 96 months, Bajaj Finance ensures you can repay your loan comfortably without straining your finances. 

  • Loan amount

    You can avail of a personal loan from Rs. 40000 - Rs. 55 lakh, making it suitable for both small and large festive expenses.

  • Fast and convenient application process

    You can apply for a Bajaj Finserv Personal Loan online in just a few minutes.

Show More
Show Less

Eligibility criteria and documents required for personal loan during Diwali

To qualify for a Bajaj Finserv Personal Loan, you must meet the following eligibility criteria:

  • Eligibility criteria

    • Nationality: Indian
    • Age: 21 years to 80 years*.
    • Employed with: Public, private, or MNC.
    • CIBIL Score: 650 or higher.
    • Customer profile: Self-employed or Salaried

    *You should be 80 years* or younger, at the end of the loan tenure.

  • Documents required

    • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
    • PAN card
    • Employee ID card
    • Salary slips of the last 3 months
    • Bank account statements of the previous 3 months
    • Piped gas bill
    • Pension order
    • Letter of Allotment of Accommodation Issued by Employer
    • Property / Municipal tax receipt
    • Utility bill
    • Phone bill
    • Real-time image / photograph
    • Ration card

Use the personal loan eligibility calculator to know the maximum loan amount you can get before applying.

Show More
Show Less

How to apply for Bajaj Finserv Personal Loan during Diwali

Step-by-step guide to apply for a personal loan

Our representative will contact you for further steps.

Show More
Show Less

Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce Charges” shall mean charges levied on each instance in the event of: (i) dishonour of any payment instrument irrespective of whether the customer subsequently makes the payment through an alternate mode or channel on the same day; and/or (ii) non-payment of instalment(s) on their respective due dates where any payment instrument is not registered/furnished; and/or (iii) rejection or failure of mandate registration by the customer’s bank.

Part-prepayment charges

Full Pre-payment:

• Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
• Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.
• Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

Part-prepayment

• Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-
• Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum 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.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.472% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Not your nearest branch?

Banner_NEW_Storelocator_XAOP_App_19012026.png

Related Articles

everything-you-wanted-to-know-about-online-loans 1

All you need to know about online loans

May 25, 2021

Read More

 how-to-manage-finances-for-your-home-renovation 2

How to manage the finances of your home renovation project?

May 25, 2021

Read More

 how-you-can-increase-your-chances-of-getting-a-personal-loan 3

How you can increase your chances of getting a Personal Loan

May 25, 2021

Read More

 4-ways-to-get-the-best-personal-loan-rate 4

How to Get a Personal Loan at a low interest rate?

May 25, 2021

Read More

Related Links

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000