Personal Loan in Mahad

Personal Loan in Mahad

Check your eligibility for personal loan in Mahad with your phone and OTP - no branch visit needed.

Rs. 40000 - Rs. 55 lakh

You may be eligible for a pre-approved offer

Enter mobile and OTP | Check offer | No branch visit needed

Whether you're planning a beautiful wedding celebration, facing an unexpected medical emergency, or starting an exciting new project for your family or business, a personal loan can help you manage these costs with complete ease and confidence. Living in Mahad, you might be working in the local industries, government services, or running your own business—whatever your profession, unexpected financial needs can arise at any moment.


Check your pre-approved loan offer in Mahad with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.


With Bajaj Finance, getting a loan becomes refreshingly simple and stress-free. Gone are the days of visiting multiple branches, dealing with mountains of paperwork, or waiting weeks for approval decisions. The modern approach is completely different: just check your eligibility online from your home, upload a few essential documents using your smartphone, and receive the funds directly in your bank account. This digital-first approach respects your time and makes financial support accessible exactly when you need it most.

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Features and benefits of personal loan in Mahad

Getting a personal loan in Mahad isn’t just about getting cash fast—it’s a practical solution to managing life’s expenses without the stress. Here’s why it’s the perfect choice:

  • No collateral required: You won't need to risk your valuable assets like gold jewellery, property, or savings. The loan is completely unsecured, which means you can borrow with complete confidence and peace of mind. This is especially important for families who want to protect their ancestral property or valuable items whilst still accessing funds for important needs.
  • Instant approval process: Forget the frustrating long forms and endless wait times that characterise traditional banking. Apply online and get approval in as little as 5 minutes*. This speed is crucial when dealing with time-sensitive situations like medical emergencies, educational admissions with deadlines, or business opportunities that can't wait.
  • Flexible repayment tenure: Choose a repayment plan that perfectly fits your monthly budget and income pattern, with tenures extending up to 96 months. This flexibility means you can select shorter tenures to save on total interest costs, or longer tenures to keep monthly EMIs small and manageable. You remain in complete control of your repayment strategy.
  • Pre-approved offers: You can check if you have a pre-approved offer for a personal loan in Mahad with just your phone number and OTP – no need to visit the branch.
  • Competitive interest rates: Enjoy attractive rates that keep your EMIs comfortable and affordable, personalised based on your credit profile and financial stability. Better credit scores and stable income typically result in lower rates, making the loan even more cost-effective for responsible borrowers.
  • Multi-purpose usage: Whether it's funding a dream vacation to explore India's heritage sites, supporting your child's education, organising a memorable wedding, or upgrading your home, you have complete freedom to use the funds as you wish. This versatility eliminates the need for multiple loans for different purposes.
  • Minimal documentation: With just a few basic documents that most people already have, the process becomes simple, quick, and entirely online. No need for extensive paperwork, property valuations, or lengthy verification processes that can take weeks to complete.
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Eligibility criteria for personal loan in Mahad

Not sure if you qualify? Don’t worry—it’s easier than you think to get a personal loan in Mahad. Even if you don’t have a pre-approved offer, you can still apply by meeting just a few simple criteria.

  • Eligibility criteria

    • Nationality: Indian
    • Age: 21 years to 80 years.
    • Employed with: Public, private, or MNC.
    • CIBIL Score: 685 or higher.
    • Customer profile: Self-employed or Salaried

    *You should be 80 years or younger, at the end of the loan tenure.

  • Documents required for a personal loan in Mahad

    Applying for a personal loan in Mahad is quick and easy, and the documentation is minimal. Just have a few basic documents ready to make your application process smoother. To find out exactly what you need, check out the documents required for personal loan processing.
     

    • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
    • PAN card
    • Employee ID card
    • Salary slips of the last 3 months
    • Bank account statements of the previous 3 months
    • Piped gas bill
    • Pension order
    • Letter of Allotment of Accommodation Issued by Employer
    • Property / Municipal tax receipt
    • Utility bill
    • Phone bill
    • Real-time image / photograph
    • Ration card

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

Interest rate on personal loan in Mahad

Interest rates for a personal loan in Mahad vary based on factors like your income, credit score, and the loan amount you need. Learn more about the personal loan interest rate.

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How to apply for personal loan in Mahad

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

    Applying for a personal loan in Mahad is simple and quick:


    • Click on ‘CHECK ELIGIBILITY’ on this page.
    • Enter your 10-digit mobile number and the OTP sent to your phone.
    • 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.
    • Now, click on ‘PROCEED’ to visit the loan selection page.
    • Enter the offer or loan amount that you need. Choose from our personal loan variants.
    • Choose the repayment tenure and click on ‘PROCEED’.
    • Complete your KYC and submit your application.
       

    Our representative will contact you for further steps.

Uses of personal loan in Mahad

Need funds for something important or unexpected? A personal loan in Mahad gives you the freedom to handle life’s big moments—without putting a pause on your plans. Here’s how you can make the most of it:
 

  • Travel – Always dreamed of that perfect vacation? With a personal loan for travel, you can make those travel plans happen without stressing over the costs upfront.
  • Weddings – Got a wedding coming up? A personal loan for weddings can cover everything from the venue to the jewellery, so you can focus on enjoying the big day.
  • Education – Whether you're looking to study further or support your child’s education, a personal loan for education can help cover tuition, books, and even accommodation.
  • Medical emergencies – Life can throw surprises at us. A personal loan for medical emergencies means you’ll have the funds when you need them most—without delays.
  • Home improvements – Thinking about a home makeover? A personal loan for home expenses lets you refresh your living space, whether it's for repairs, renovations, or new furniture.
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Key offerings: 3 loan types

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of Interest per annum

10% to 31% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

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 facility charges above are inclusive of applicable taxes

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

Principal Holiday Facility Fees
  • Up to Rs.1999/- for loan amount less than Rs.2,00,000
  • Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
  • Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
  • Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
  • Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
  • Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
  • Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
  • Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
  • Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

*(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Bounce charges

Up to Rs. 1,200 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) 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

Part-prepayment charges

Full Pre-payment:
Foreclosure can be processed post clearance of first EMIs.

  • 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 Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

Part-prepayment

  • 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 Loan (Flexi Dropline) 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 Loan (Flexi Dropline):

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 0.295% (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

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

*Terms and conditions apply.

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.