Bajaj Finserv in Delhi - Leading Finance Company

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. Get a loan from one of the best personal loan providers in Delhi offering pre-approved offers and instant loan transfers for your urgent need of money. Meet the eligibility criteria to enjoy multiple benefits.

Features and benefits of personal loan in Delhi

  • Minimum documents

    Minimum documents

    Enjoy a hassle-free documentation process with minimum paperwork from Bajaj Finserv - the leading finance company in Delhi.

  • Flexi loans

    Flexi loans

    Withdraw from pre-sanctioned funds and repay conveniently with the Flexi loan facility.

  • Get up to Rs. 40 lakh

    Get up to Rs. 40 lakh

    You can get a loan of up to Rs. 40 lakh and enjoy unrestricted use.

  • Online account management

    Online account management

    Stay updated with repayment schedules, EMIs, outstanding balance, etc., via our customer portal - My Account. It’s accessible 24x7.

  • Tenor options

    Tenor options

    Tenors of up to 96 months months ease your repayment hassle. Calculate monthly outflows with Bajaj Finserv’s online EMI Calculator.

  • No hidden rates

    No hidden rates

    Ensure affordability with zero hidden rates from Bajaj Finance Limited, one of the best loan providers in Delhi. To know more, read our terms and conditions.

  • Fund within 24 hours*

    Fund within 24 hours*

    Address your financing needs quickly and easily. The loan amount is credited to your account within 24 hours*.

  • Instant approval

    Instant approval

    Get instant loan in Delhi. No more waiting for hours or days. Cater to your emergencies with instant 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

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Eligibility criteria

It’s now easy to qualify for unsecured credit with simple personal loan eligibility criteria from Bajaj Finserv.

  • Nationality

    Nationality

    Indian, resident of India

  • Employment

    Employment

    Must be a salaried employee at a reputed MNC or a private/ public limited company

  • Credit score

    Credit score

    Above 685

  • Age

    Age

    Between 21 years to 80 years*

  • Income

    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 Finance Limited- the trusted loan provider in Delhi.

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Interest rates and charges for personal loan in Delhi

Residents in Delhi can avail themselves of competitive personal loan 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)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Bounce charges

Rs. 700 - Rs. 1,200 per bounce.
“Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason

Pre-payment charges

Full Prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment.

Part-prepayment

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

*Foreclosure will be processed post clearance of first EMI

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 12 per day 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 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-monthly Instalment interest

"Broken Period Interest/Pre-monthly Instalment interest" shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 - Over and above the period of 30 days from the date of disbursement of the Loan:

Method of recovery of Broken Period Interest/Pre-monthly Instalment interest:

  • For Term Loan: Deduct from disbursement or added in first EMI, as applicable.
  • For Flexi Term Loan: Added to first instalment amount
  • For Hybrid Flexi Loan: Added to first instalment amount

Scenario 2: Less than period of 30 days from the date of disbursement of the Loan:

Interest on first instalment will be charged for actual number of days.

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.
Cash collection handling charges Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash deposit charges Customers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices.
PG facility charges Rs. 11 (inclusive of applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

Note: Additional cess if any, will be applicable to all charges according to state law.

*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 35.40% per annum respectively. Part-prepayment and foreclosure charges are NIL. {Average interest rate is higher than max interest rate, because maximum interest rates was reduced effective 02 May 2024 however average interest rate is computed on a volume weighted basis for last quarter (Apr'24 - Jun'24)}

Frequently asked questions

Why is Bajaj Finserv one of the best NBFCs and personal loan providers in India?

Bajaj Finserv is one of the best personal loan providers in Delhi NCR. For residents of 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%*
Which documents are essential for a loan application?

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.

What is the online application process for personal loan in Delhi NCR?

Irrespective of your location in Delhi-NCR, you can easily apply for a Bajaj Finserv Personal Loan online by following these steps:

How much loan can I take?

To know the highest loan amount you are qualified to avail of, use the online Bajaj Finserv Eligibility Calculator.

What does an EMI include?

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.

How can I get an instant loan in Delhi?

In Delhi, securing an instant loan is swift. Simply apply online through our website. Complete the digital application process, provide required documents, and undergo a quick verification process. Once approved, the funds are disbursed swiftly in your bank account.

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