Personal Loan in Namakkal

Personal Loan in Namakkal

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

Loan Types

FAQs

FAQs

Rs. 40,000 - Rs. 55 lakh

You may be eligible for a pre-approved offer in Namakkal

Check now

Enter mobile and OTP | Quick online approval | Get money in a day*

Bajaj Finserv in your city

  • Need instant funds for a wedding, education, home renovation, or emergency in Namakkal? A Bajaj Finserv Personal Loan in Namakkal gives you fast access to up to Rs. 55 lakh—with zero collateral, minimal paperwork, and 100% online approval.

    ✅ Check your pre-approved loan offer in Namakkal with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*

Famous for its temples, truck-body building industry, and strong education sector, Namakkal is a fast-growing city in Tamil Nadu. With a rising population of salaried professionals, teachers, and entrepreneurs, the city has growing personal finance needs. Whether you are planning a family event or managing day-to-day expenses, a personal loan in Namakkal can help you meet your goals quickly and efficiently.

*Terms and conditions apply

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Features of a personal loan in Namakkal

  • Flexible tenure

    Use a Personal Loan EMI Calculator and select a tenure of up to 108 months for easy repayment.

  • Simple documentation

    Keep the documents required for a personal loan ready and expedite the process.

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Namakkal with just your phone number and OTP – no need to visit the branch.

  • Online loan management

    Use our online customer portal – My Account, and manage your loan account online.

  • Money in 24 hours*

    The money gets credited to the account within 24 hours* of approval.

  • Flexibility

    Opt for the Flexi loan facility and reduce your EMI burden during the initial tenure. Pay interest only on the funds withdrawn from the dropline limit.

  • Immediate approval

    Enjoy almost instant approval with proper eligibility compliance. Submit the online application form to proceed.

  • High sum

    Apply for a personal loan online, meet the simple parameters, and avail funds of up to Rs. 55 lakh.

  • 100% transparency

    We do not levy any hidden charges on the loan. For more clarity, please read the terms and conditions.

  • Collateral-free loan

    There is no need to pledge any asset or collateral to get a personal loan from us.

Opt for a personal loan from Bajaj Finance in Namakkal and address any financial obligations with ease. Learn the unique features of this fund and start using it to meet various needs. This fund does not have any restrictions on usage. Moreover, it does not require any guarantor or collateral.

Meet the eligibility criteria and submit the accurate documents for prompt approval.

*Conditions apply

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Eligibility criteria and documents for personal loan in Namakkal

You can easily get the funds you need in Namakkal with the below criteria:

  • Eligibility criteria

    • Nationality: Indian
    • Age: 21 years to 80 years.
    • Employed with: Public, private, or MNC.
    • CIBIL Score: 650 or higher.
    • Customer profile: Self-employed or Salaried

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

  • Documents required

    • 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
    • Real-time image / photograph
    • Ration card

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

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How to apply for personal loan in Namakkal

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

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. 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.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

Our representative will contact you for further steps.

Check the personal loan interest rates and the charges applicable to estimate the borrowing cost. 

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

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

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • 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 (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • 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 (Dropline) Loan 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 (Dropline) Loan:

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 0.472% (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

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000