FAQs for Personal Loan app

You only need to have some basic documents to avail of a personal loan. Check out the list on the personal loan eligibility and documents.

The amount you can borrow will depend on your profile. Please reach out to your Relationship Manager to know more.

Bajaj Finserv offers an affordable rate of interest on a personal loan. However, the specific rate may vary from applicant to applicant.

You can avail of a personal loan for a flexible tenor of up to 60 months.

A personal loan is an unsecured loan that does not require any collateral or security. You only need to meet the eligibility criteria to get the money you need.

The loan disbursement depends on how soon you submit documents. Once your documents are verified, the loan is disbursed quickly into your account.

A representative from Bajaj Finserv will collect the documents from a place of your convenience.

You can update your personal details on the app itself.

Your bank details are needed to verify and sanction the personal loan offer.

Yes, there is a minimal processing fee on the loan offer. Please check the personal loan interest rates and charges for more details.

Yes, you can set automatic repayment on the loan.

You can do so using your login details to maintain and track your loan online.

A Flexi term loan has the following features:

1. You have the flexibility to prepay the loan with idle funds.
2. You can re-avail the prepaid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation.
3. You save on interest costs – interest is payable only on the utilised loan amount. There is no interest levied on the prepaid amount.
4. You can enjoy seamless, easy, hassle-free online transactions on Bajaj Finserv's customer portal - Experia, the self-service account access tool for drawdown and RTGS that allows you to make part-prepayments to BFL through net-banking transactions.

The standard billing cycle is from the 26th of the month to the 25th. The payment will be due on the 5th of the following month.

Yes, you can partly prepay the loan.

Yes, your data will be shared with the lender, but it will be kept confidential and not shared with any third parties.

In the event of a crash, you can retry applying once the app recovers and in case the process does not go through.

You can contact our customer care service for any loan queries that you may have. You can get customer care details from the personal loan contact details page.