Personal loan in Raesi

Personal loan in Raesi

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

Rs. 40000 - Rs. 55 lakh

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

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

Raesi, a rapidly growing district in Tamil Nadu, is known for its vibrant community and expanding economic opportunities. Whether you need funds for a dream wedding, unexpected medical expenses, or home renovations, a personal loan in Raesi provides a fast and convenient financial solution. With minimal documentation and quick approval, these loans help you reach your goals without delay.


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


*Terms and conditions apply.

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Features and benefits of personal loan in Raesi

A personal loan in Raesi comes with multiple advantages, making it a convenient financing option:

  • Quick approval and disbursal- Instant loan approvals with funds credited to your account within 24 hours*.
  • Competitive interest rates – Affordable interest rates make repayments easier.
  • Flexible repayment options- Choose repayment periods ranging from 12 months to 96 months, making EMI payments manageable.
  • Minimal paperwork – Apply easily with only basic documents required for approval.
  • Loans up to Rs. 55 lakh: Manage your small and large expenses easily with a personal loan amount that suits your needs and repayment budget. 

Uses of personal loan in Raesi  

A personal loan in Raesi can be used for multiple purposes, including:


  • Travel expenses: Finance your dream vacation without depleting your savings.​
  • Wedding costs: Cover expenses related to ceremonies, receptions, and other festivities.​
  • Education fees: Invest in higher education or specialised courses for yourself or family members.​
  • Medical emergencies: Address unforeseen medical bills promptly.​
  • Home renovations: Upgrade or repair your home to enhance comfort and value.
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Eligibility criteria for personal loan in Raesi

To be eligible for a Bajaj Finserv Personal Loan in Raesi, you must meet the following 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.


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


Documents required for a personal loan in Raesi  

For an even faster loan application process, it’s essential to have the necessary documents ready.  Check the complete list of documents required for a personal loan below:


  • 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

Interest rate on personal loan in Raesi  

Interest rates for personal loans in Raesi vary among lenders and are influenced by factors such as your credit score, income, and loan amount. Learn more about the personal loan interest rate.

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How to apply for a personal loan in Raesi

You can apply online for a personal loan in Raesi, simply follow these steps:

  • 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 three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
  • Choose the repayment tenure and click on ‘PROCEED’.
  • Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.


Apply today and get the funds you need with minimal effort.


*Terms and conditions apply.


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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 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 levied on each instance in the event of: (i) dishonour of any payment instrument irrespective of whether the customer subsequently makes the payment through an alternate mode or channel on the same day; and/or (ii) non-payment of instalment(s) on their respective due dates where any payment instrument is not registered/furnished; and/or (iii) rejection or failure of mandate registration by the customer’s bank.

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) 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-
• 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 0.472% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

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