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All about Flexi Loan

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Frequently asked questions

Can I get Rs. 5 lakh personal loan?

Anyone can get Bajaj Finserv Personal Loan by meeting the basic eligibility criteria to manage their big or small expenses. You can also check your pre-approved offer which requires minimal to no paperwork and get funds instantly into your bank account.

How to apply for a personal loan of Rs. 5 lakh?

Here is a step-by-step guide to applying for a Rs. 5 lakh personal loan:

  • Click on ‘APPLY’ to open our online application form.
  • Enter your 10-digit mobile number and verify the OTP sent to your phone.
  • Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  • Click on ‘PROCEED’ to visit the loan selection page.
  • Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  • Choose the repayment tenure – you can select tenure options of 12 months to 84 months and click on ‘PROCEED’.
  • Complete your KYC and submit your application.

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

Apply for a personal loan

What is the EMI for a loan of Rs. 5 lakh?

The EMI of your personal loan will vary as per the interest rate and loan repayment tenure. You can find out the EMI estimates using a personal loan EMI calculator. For example, if you take a personal loan of Rs. 5 lakh at an annual interest of 14% with a tenure of five years, you will have to pay an EMI of Rs. 11,634.

You can also calculate your personal loan EMI with the Bajaj Finserv Personal Loan EMI Calculator by providing the tenure, loan amount, and interest rate.

Calculate your personal loan EMIs

What is the eligibility for a Rs. 5 lakh personal loan?

Bajaj Finserv Personal Loan offers funds ranging from Rs. 1 lakh to Rs. 40 lakh. The following basic eligibility criteria must be met in order to apply for a personal loan.

  • Nationality: India
  • Age: 21 years to 80 years*
  • Employed with: Public, private, or MNC
  • CIBIL score: 685 or higher
  • onthly salary: Starting Rs. 25,001, based on the city you live in

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

What can I do with Rs. 5 Lakh personal loan?

Bajaj Finserv Personal Loan has no end-use restrictions, allowing you to comfortably cover a wide range of expenses including:

  • Medical Emergency
  • Wedding
  • Higher Education
  • Home Renovation
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