Bajaj Finserv in your city
Delhi is officially known as the national capital territory and a union territory of India. And is home to the capital of India, New Delhi.
If you are a resident of Delhi, you can approach Bajaj Finserv for a high-value personal loan. Meet the eligibility criteria to enjoy multiple benefits.
Features and benefits of personal loan in Delhi
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Minimum documents
Enjoy a hassle-free documentation process with minimum paperwork.
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Flexi loans
Withdraw from pre-sanctioned funds and repay conveniently with the Flexi loan facility.
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Get up to Rs. 40 lakh
You can get a loan of up to Rs. 40 lakh and enjoy unrestricted use.
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Online account management
Stay updated with repayment schedules, EMIs, outstanding balance, etc., via our customer portal - My Account. It’s accessible 24x7.
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Tenor options
Tenors of up to 96 months months ease your repayment hassle. Calculate monthly outflows with Bajaj Finserv’s online EMI Calculator.
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No hidden rates
There are zero hidden rates imposed on a Bajaj Finserv Personal Loan, ensuring affordability. To know more, read our terms and conditions.
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Fund within 24 hours*
Address your financing needs quickly and easily. The loan amount is credited to your account within 24 hours*.
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Instant approval
No more waiting for hours or days. Cater to your emergencies with quick loan approvals.
The centre of the National Capital Region or NCR, Delhi is the 2nd wealthiest Indian city, with 23,000 millionaires and 18 billionaires. It is the largest commercial hub of North India, home to several service industries like telecommunications, tourism, technology, media, banking and hospitality. The other revenue generators of the economy include real estate, health and community services, construction and power sectors. Besides manufacturing, the capital city has one of the fastest-growing and largest retail industries.
Bajaj Finserv provides personal loans in Delhi against no guarantor or collateral. Once eligible, borrowers can seek funds of up to Rs. 40 lakh at competitive rates and charges. Features like Flexi loans allow multiple withdrawals from a pre-sanctioned amount and impose interest rates only on the utilised funds. This lowers EMIs by up to 45%*. To know more, read our terms and conditions.
*Conditions apply
Eligibility criteria
It’s now easy to qualify for unsecured credit with simple personal loan eligibility criteria from Bajaj Finserv.
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Nationality
Indian, resident of India
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Employment
Must be a salaried employee at a reputed MNC or a private/ public limited company
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Credit score
Above 685
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Age
Between 21 years to 80 years*
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Income
Starts at Rs. 35,000. Refer to our eligibility page for other details
Hand over some essential documents such as your employee ID card, KYC documents, bank account statements, salary slips and a passport-sized photograph to our representatives. Enjoy the most flexible terms and conditions with Bajaj Finserv.
Interest rates and charges for personal loan in Delhi
Residents in Delhi can avail themselves of competitive interest rates with Bajaj Finserv.
Personal loan interest rates and applicable charges
Type of fee |
Applicable charges |
Rate of interest |
11% to 35% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
| Flexi Fee | Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied. |
| Pre-payment charges | Full Prepayment
Part-prepayment
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Penal Interest |
Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment. |
Stamp duty |
Payable as per state laws and deducted upfront from loan amount. |
| Mandate registration charges | Re. 1 (inclusive of applicable taxes) applicable in case of UPI mandate registration. |
Mandate rejection charges |
Rs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate. |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
| Broken Period Interest/ Pre-EMI Interest | Broken period interest/ Pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, the interest rate is charged only for the actual number of days since the loan was disbursed. |
| Switch fee | Up to 1.18% of the loan amount (inclusive of applicable taxes). Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable. |
*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. Minimum interest, maximum interest, and average interest are 13%, 35%, and 34.45% per annum respectively. Part pre-payment and Foreclosure charges are NIL.
Frequently asked questions
For residents of Delhi-NCR, Bajaj Finserv can be a good choice as it offers the following:
- A complete online application process
- Collateral-free personal loans
- 100% transparent terms and conditions
- Repayment over tenors ranging from 6 months to 96 months
- High loan value of up to Rs. 40 lakh
- Minimal documentation
- Instant approval and quick credit to account
- Online account management facility
- Flexi loans, reducing EMIs by up to 45%*
The essential documents are your employee ID card, salary slips, account statements, KYC documents, and a photograph. However, you may have to submit additional papers during the process, if required.
Irrespective of your location in Delhi-NCR, you can easily apply for a Bajaj Finserv Personal Loan online by following these steps:
- Fill up the application form accurately
- Submit essential documents
- Get approval and money in your account within hours
To know the highest loan amount you are qualified to avail of, use the online Bajaj Finserv Eligibility Calculator.
EMIs or Equated Monthly Instalments comprise the outstanding principal amount and the payable interest. Borrowers must pay these EMIs on fixed due dates every month until the tenor ends.
