Group Lending Loans to Individuals

Starting at Rs. 15,000 | Only for Women |No collateral required | No hidden charges
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Group Lending Loans to Individuals
Starting at Rs. 15,000 | Only for Women |No collateral required | No hidden charges

Key features

Watch Video ‌
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Disbursal in 2 days*

Your bank account will be credited with your loan amount within 2 days* of the application.

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Collateral Free

No collateral or guarantor needed to get the loan.

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No part-prepayment charges

Make pre-payment of your loan at no additional charges

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No hidden charges

There are no hidden charges for your loan process

Key features

Watch Video ‌
/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/mfi/mfi-icons/MFI_PDP_01_Quick_Processing.png
Disbursal in 2 days*

Your bank account will be credited with your loan amount within 2 days* of the application.

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Collateral Free

No collateral or guarantor needed to get the loan.

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No part-prepayment charges

Make pre-payment of your loan at no additional charges

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No hidden charges

There are no hidden charges for your loan process

Features and benefits of our Group Lending Loans to Individuals

Features and benefits of Group Lending Loans to individuals
 

Features and benefits of Group Lending Loans to individuals

  • No part-prepayment or foreclosure charges

    Repay a part of your loan in advance or pay the entire amount at no extra cost.

  • Convenient tenures

    Manage your loan conveniently with repayment tenures ranging from 12 months to 36 months.

  • Loan of up to Rs. 1.5 lakh

    Manage your expenses with loans ranging from Rs. 15,000 up to Rs. 1.50 lakh.

  • No hidden charges

    Our fees and charges are clearly mentioned both on this page and in our loan documents. Please read these in detail before applying.

  • No collateral needed

    You are not required to offer any security, such as gold jewellery or property documents.

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Eligibility criteria and documents required for Group Lending Loans to Individuals

Women applicants can get Group Lending Loans to Individuals by meeting our basic eligibility criteria. You will be asked to submit a few basic documents.

Eligibility criteria and documents required for Group Lending Loans to individuals
 

Eligibility criteria and documents required for Group Lending Loans to individuals

Eligibility criteria

 

Nationality: Indian Indian
Age 18 years* to 70 years*
Gender Female**


* Age at the time of KYC during loan sourcing

**Individuals belonging to low-income households

Documents required for Group Lending Loans to Individuals

  • Valid KYC
  • Bank account proof (bank passbook)

How to apply for Group Lending Loans to Individuals?

How to apply for Group Lending Loans to individuals
 

How to apply for Group Lending Loans to individuals

Step-by-step guide to apply for Group Lending Loans to Individuals

  1. Click on the 'APPLY' button on this page.

  2. Enter your 10-digit mobile number and the OTP sent to your phone.

  3. Provide personal details like your full name, gender, date of birth, PAN details, and employment type.

  4. Now select the nearest microfinance branch.

  5. Click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you and guide you through the next steps.

Interest rate and applicable charges

Rate of Interest

Minimum

Maximum

Average in Q2 FY 26

23% p.a.

25% p.a.

23.75% p.a.

Type of fee

Applicable charges

Processing fees

Up to 1.50% (inclusive of applicable taxes) of the total loan amount

Prepayment charges

Part-prepayment – NIL



Full prepayment – NIL

Bounce charges

Up to Rs. 50/- 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 including non-payment on due date in centre meeting, where any payment instrument is not registered/furnished; and/or (iii) rejection or failure of mandate registration by the customer’s bank.

Penal charge

Delay in payment of instalment for more than 7 days from the due date of instalment shall attract penal charge of Up to 36% P.a. for every delayed instalment, until the receipt of instalment

*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.

Additional cess/ taxes, if any, will be applicable on all charges as per the respective state laws as may be applicable from time to time.

Frequently asked questions

Overview

Instalment

Repayment

Eligibility

What is the maximum loan that I can get?

You can borrow up to Rs. 1.50 lakh without pledging any collateral. We advise you to know our fees and charges in detail before applying.

*Terms & conditions apply.

Why should you choose Bajaj Finserv Group Lending Loans to Individuals?

Here are some reasons to choose the Bajaj Finserv Group Lending Loans to Individuals:

  • Flexible tenures of up to 36 months
  • No guarantor or collateral needed
  • No part-prepayment or foreclosure fee
  • No hidden charges

*Terms and conditions apply.

Is collateral or guarantor required to apply?

No. The loan is completely collateral-free and does not require a guarantor.

How are the loan instalments calculated for the Group Lending Loan?

The loan instalments (EMIs) are calculated based on the loan amount, tenure, and applicable interest rate. Bajaj Finance provides easy-to-understand repayment schedules so you know exactly how much you need to pay each month.

What is the repayment tenure and rate of interest of Group Lending Loans to Individuals offered by Bajaj Finance?

The annual interest rate (%) represents the expense incurred by the borrower for funds borrowed from the lender. This interest is calculated based on the principal loan amount and the chosen loan tenure. Bajaj Finance provides Group Lending Loans to Individuals, offering an interest rate ranging from 23% to 25% p.a., with the flexibility of repayment periods spanning from 12 months to 36 months.
*Terms and conditions apply.

What are the eligibility criteria for Group Lending Loans to Individuals?

To get Group Lending Loans to Individuals, you only need to meet a few basic eligibility criteria:

  • You must be between 18 years and 70 years* of age
  • You must be a residing citizen of India
  • You must be a female member of a low-income household.
What are the documents required for a Group Lending Loans to Individuals?

To avail a Group Lending Loans to Individuals from Bajaj Finance, you will need to provide the following documents:

  • Valid KYC
  • Bank account proof (bank passbook)
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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.