Features and benefits
Features and benefits
Loans up to Rs. 3.5 crore
Quick approval
Part-prepayment and foreclosure facility
Flexible tenor
Minimal documentation
Eligibility and documents
Eligibility and documents
Age limit for salaried: 23 to 62 years
Minimum CIBIL score: 750+
Minimum salary: Rs.25,000*
Work experience: 3 years+
KYC documents
Address proof
Photograph
Form 16/ latest salary slips
Bank account statements of the last 6 months
Fees and charges
Fees and charges
Interest rate - 6.70%* onwards
Processing fee - Up to 0.80%
Penal interest: 2% per month + applicable taxes
EMI bounce charges - Rs. 3000
**Loan up to Rs. 30 lakh, for new customers, applicable for only women borrowers
For offer terms and conditions, click here
Minimum Annual Percentage Rate for unsecured Personal Loans in Bajaj Finance Limited is 12.5% and maximum Annual Percentage Rate is 41%. This rate of interest varies basis our internal credit and risk policy and as per an algorithmic multivariate score card.
- Part payment charges for Flexi loans - Nil
- Part payment charge for Term loans - 2% + applicable taxes on part-payment amount paid
- Foreclosure charges on Flexi loans - 4% + applicable taxes on the total withdrawable amount (total amount that you can withdraw under flexi loan, from time to time as per repayment schedule)
- Foreclosure charges on Term loans - 4% + applicable taxes on principal outstanding
The personal loan terms mentioned here are subject to change, based on policy revisions. For the updated product details, please click here
