Personal Loan

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Personal Loan Interest Rates & Charges

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Personal Loan Rates and Charges

Bajaj Finserv offers attractive interest rates on personal loans up to Rs.25 lakh that can help you meet a range of financial requirements. Get collateral-free loans, with minimum documentation, flexible tenor and disbursal within 24 hours of approval.
With Bajaj Finserv Personal Loan, you do not have to worry about any hidden fees or charges. Here are more details on the personal loan interest rates and charges:
Types of Fees Charges Applicable
Personal Loan Interest Rate 12.99% onwards
Processing fees 2.25% - 3% of the loan amount
EMI bounce charges Rs. 1,200 per bounce
Penal interest 2.38 % default interest including taxes per month
Secure fee (only for online approvals) Rs. 4,499

Personal Loan Foreclosure Charges

Borrower Type Time Period Foreclosure Charges
All borrowers More than 1 month from date of loan disbursal 4% plus applicable taxes on principal outstanding*

*Foreclosure charges for term loan will be applicable on the current principal outstanding.

*Foreclosure charges for Flexi loans will also be calculated on the current principal outstanding.

Personal Loan Part-prepayment Charges

Borrower Type Time Period Foreclosure Charges
All borrowers More than 1 month from date of loan disbursal 2% plus applicable taxes on part-payment amount paid*

*Part-prepayment made should be more than 1 EMI.

*These charges not applicable for Flexi Loan and Flexi Loan facilities.

Annual Maintenance Charges

Flexi Interest-only Loan Flexi Term Loan Loan Limit
0.25% on sanctioned amount* 0.25% on Flexi Term Loan* 0.25% on Flexi Term Loan*

*These charges will be levied annually.

Flexi Interest Only Loan:

You can opt for a Flexi Personal Loan that helps you pay up to 45% lower EMI. Borrow when you want and pre-pay when you can easily from an approved loan amount.

Eligibility Criteria:

If you are a salaried professional aged between 25 and 58 years living in India, you can easily qualify for a loan. As long as you match the personal loan eligibility criteria and minimum net salary specified based on your city of residence, you can avail a loan with ease and best personal loan interest rates.

Online Loan Calculators:

Try the Personal Loan Eligibility Calculator to understand your loan eligibility and use the Loan EMI calculator to determine your EMI before you apply for an instant loan online. This simplifies the loan approval process considerably.

Online Loan Application Procedure:

Wondering! How to apply for personal loan online? Simply fill in your personal and financial details and submit the basic documents required for personal loan to get loan at affordable interest rates. You can also check out your pre-approved offer that helps you save more time.

What Makes a Personal Loan Ideal for Young Professionals?

How a short-term Personal Loan can help you during emergencies

Things to Know Before Signing A Personal Loan Agreement

Use These Calculators to Get the Most Out of Your Personal Lending with Bajaj Finserv

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