Personal Loan for Teachers

Personal Loan for Teachers

Teachers can check their pre-approved offer for Bajaj Finserv Personal Loan with just phone number and OTP.
Loan Types

Loan Types

FAQs

FAQs

Video

Video

Rs. 40,000 - Rs. 55 lakh

You may be eligible for a pre-approved offer

Check now

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

Get a personal loan designed for teachers with competitive rates and instant approval. Are you a teacher looking for quick funds? Check your pre-approved loan offer in just 2 steps and see what exclusive rates you qualify for.


Whether you need money for home improvement, overseas travel, a wedding, or higher education, our personal loan for teachers is tailored to your needs. Get funds in 24 hours* and handle your expenses without delay.

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Features and benefits

  • Instant approval

    Meet the eligibility requirements and get instantly approved by applying for a personal loan for teachers online.

  • Same-day* transfers

    Be assured of having the funds sent to your account within 24 hours* after approval and document verification.

  • Flexi loans

    Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.

  • Basic documents

    Submit just a few KYC and income documents to get a personal loan for teachers.

  • Easy repayment

    Choose a comfortable repayment period of up to 108 months to keep your EMIs budget-friendly.


    Why this helps: Longer tenure means smaller monthly payments that fit easily into a teacher's budget.

  • 100% transparent fees

    Read the terms and conditions, and be assured of zero hidden fees on your loan.

  • Online account management

    Use our online customer portal - My Account to track payments, check your outstanding balance, and view statements, anytime.

The Bajaj Finserv Personal Loan for teachers is designed for the money needs of educators. The loan doesn't require you to pledge collateral for approval. Meet the basic eligibility requirements and submit simple documents for verification to get the loan within 24 hours*. Teachers can apply for a personal loan and borrow up to Rs. 55 lakh. Bajaj Finance doesn't place any restriction on how you use the money - whether for home improvement, overseas travel, a wedding, or higher education.


Smart move: Existing customers with Bajaj Finserv can apply through pre-approved offers and get speedy financing at attractive interest rates. The loan follows a 100% transparency policy, promising you zero unexpected charges and helping you save money over time.


Plan your finances well with attractive interest rates, long repayment period, and convenient features offered on personal loans for teachers.

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Eligibility criteria and documents for personal loan for Teachers

  • Eligibility criteria

    Meet the simple personal loan eligibility criteria for a personal loan for teachers:


     

    • 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.

Read through the interest rates, charges, and fees to better understand the total cost of a personal loan for teachers. As always, be assured of zero hidden costs.


Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 


*Terms and conditions apply

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How to apply for personal loan for Teachers

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

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

    Our representative will contact you for further steps.

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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 for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

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) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • 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 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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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*.
For customer support, call Personal Loan IVR: 7757 000 000