Bajaj Finserv in your city
Situated on the banks of River Ponnaiyar, Hosur is a prominent city in Tamil Nadu. This city is mainly industrialised with companies like Ashok Leyland, TVS Motors, etc., based here.
The residents of Hosur now can opt for a personal loan without pledging collateral. Apply for an online Bajaj Finserv Personal Loan and address any financial requirements easily.
Visit us in person or apply online for fast loan approval.
Features of personal loan in Hosur
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High loan value
With proper eligibility, qualify for funds up to Rs. 40 lakh. No collateral or guarantor is needed.
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Flexi facility
Pay reduced EMIs up to 45%* with Flexi loan facility. Also, prepay wherever possible.
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Quick approval
Get instant approval on the fund required by submitting a few documents along with a personal loan application.
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Minimal documentation
Keep the essential documents prepared before applying for a personal loan from Bajaj Finserv.
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In-app benefits
Set reminders for upcoming EMI payments or view the repayment status with the customer portal – Experia.
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Money within 24 hours*
Avail a personal loan from Bajaj Finserv and get money in the bank account within 24 hours* of approval.
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Complete transparency
Bajaj Finserv Personal Loan is 100% transparent with zero hidden charges. Check the terms and conditions beforehand.
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Convenient tenor
Select a tenor ranging from 6 months to 96 months and repay as per financial capacity.
Hosur, is a majorly industrialised city of Tamil Nadu. Primarily, the automobile and manufacturing industries are income sources of the state.
Individuals looking for collateral-free funds in Hosur can contact Bajaj Finserv for a personal loan. Since there is no pre-condition on the end use of this loan, you can use it for various purposes like funding higher studies, home renovation, weddings, etc. The instant approval also allows you to address medical emergencies and other immediate cash requirements with this personal loan.
*Conditions apply
Eligibility criteria
Following are the personal loan eligibility criteria that you need to fulfil
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Nationality
Indian resident
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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*. 80 years* or younger, at the end of the loan tenure.
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Income
Refer to our city list for minimum salary requirements
Bajaj Finserv has easy-to-meet eligibility criteria to make unsecured personal loans more accessible. The documents required are also minimal to help process your application faster.
Interest rate and charges for personal loan in Hosur
Check out the fees and charges on a personal loan to understand how much you will need to repay.
Personal loan interest rates and applicable charges
Type of fee |
Applicable charges |
Rate of interest |
11% to 37% 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
*Foreclosure will be processed post clearance of first EMI |
Penal Interest |
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 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-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:
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. |
*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.