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

  • High loan value

    High loan value

    With proper eligibility, qualify for funds up to Rs. 40 lakh. No collateral or guarantor is needed.

  • Flexi facility

    Flexi facility

    Pay reduced EMIs up to 45%* with Flexi loan facility. Also, prepay wherever possible.

  • Quick approval

    Quick approval

    Get instant approval on the fund required by submitting a few documents along with a personal loan application.

  • Minimal documentation

    Minimal documentation

    Keep the essential documents prepared before applying for a personal loan from Bajaj Finserv.

  • In-app benefits

    In-app benefits

    Set reminders for upcoming EMI payments or view the repayment status with the customer portal – Experia.

  • Money within 24 hours*

    Money within 24 hours*

    Avail a personal loan from Bajaj Finserv and get money in the bank account within 24 hours* of approval.

  • Complete transparency

    Complete transparency

    Bajaj Finserv Personal Loan is 100% transparent with zero hidden charges. Check the terms and conditions beforehand.

  • Convenient tenor

    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

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Eligibility criteria

Following are the personal loan eligibility criteria that you need to fulfil

  • Nationality

    Nationality

    Indian resident

  • 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*. 80 years* or younger, at the end of the loan tenure.

  • Income

    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.

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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 38% 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

In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied.

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 a penal charge of up to 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.

Instalment default charge 

Rs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered.

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%, 38%, and 36.79% per annum respectively. Part pre-payment and Foreclosure charges are NIL.