Bajaj Finserv in your state
Maharashtra is one of India’s largest industrial and commercial centres. Maharashtra is a leader among Indian states in agricultural and industrial production, trade and transport, and education.
Bajaj Finserv has 281 branches across the state. Locate the nearest branch or avail of our services online. For a personal loan, you can apply online via our website.
Features and benefits of personal loans in Maharashtra
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Flexible tenor
Reduce your repayment hassle by choosing a feasible tenor. Options up to 96 months are available.
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Money credited in 24 hours*
Get your instant personal loan within 24 hours* in your bank account. You can use it immediately.
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Pre-approved offers
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Funds up to Rs. 40 lakh
Opt for a personal loan up to Rs. 40 lakh in Maharashtra and address your bigger expenditures effortlessly.
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Zero hidden fees
We maintain complete transparency in our terms and conditions and have no hidden charges.
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Flexi loans
Flexi loans allow repayment as per the borrower’s convenience and bring down EMIs by up to 45%*.
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Minimum documents
Provide a few basic documents required for a personal loan. Also, meet the eligibility criteria to qualify.
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Online loan management
Log in to our customer portal – Experia and manage your loan account online 24x7.
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Quick approval
Once you submit the online application, be assured of receiving quick approval from us.
Maharashtra houses major cities like Mumbai, Nashik, Nagpur, Pune and others. International trade, technology, mass media, fashion, manufacturing, apparel, tourism and aerospace are the major economic drivers of Maharashtra. Besides, it is progressive in education, infrastructure, modern facilities, connectivity and culture.
Borrowers residing here need a multipurpose loan to address their diverse financing requirements. Bajaj Finserv brings the most flexible personal loan in Maharashtra with no restriction on its end-use. With this collateral-free credit, you can finance weddings, higher education, foreign trip, home renovation, consumer durables, and various other purposes.
You apply online for a personal loan and enjoy all our facilities and services in just a few clicks.
*Conditions apply
Eligibility Criteria For Instant Personal Loan
Personal loan eligibility criteria are mandatory to fulfil if you want to borrow successfully.
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Income
Refer to our city list for minimum salary requirements
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Age
Between 21 years to 80 years*. 80 years* or younger, at the end of the loan tenure.
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Credit score
685 +
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Nationality
Indian and residing in the country
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Job status
Employment at an MNC or a public/ private limited firm
Bajaj Finserv Personal Loans are highly accessible with these easy-to-fulfil criteria. Provide additional source of income to strengthen your repayment capability. Also, try to close your current debts for quick approval of your credit in Maharashtra.
Interest rates and charges for instant loan in Maharashtra
It is essential to know the personal loan interest rates and charges applied before applying.
Personal loan interest rates and applicable charges
Type of fee |
Applicable charges |
Rate of interest |
11% to 38% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Fee | Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied. |
Pre-payment charges | Full Prepayment
Part-prepayment
*Foreclosure will be processed post clearance of first EMI |
Penal charge |
Delay in payment of instalment(s) shall attract a penal charge of up to Rs. 12 per day 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. |
Mandate rejection charges |
Rs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate. |
Instalment default charge | Rs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered. |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
Broken period interest / Pre-monthly Instalment interest |
"Broken Period Interest/Pre-monthly Instalment interest" shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 - Over and above the period of 30 days from the date of disbursement of the Loan: Method of recovery of Broken Period Interest/Pre-monthly Instalment interest:
Scenario 2: Less than period of 30 days from the date of disbursement of the Loan: Interest on first instalment will be charged for actual number of days. |
Switch fee | Up to 1.18% of the loan amount (inclusive of applicable taxes). Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable. |
Cash collection handling charges | Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs. |
Cash deposit charges | Customers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices. |
PG facility charges | Rs. 11 (inclusive of applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties. |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 38%, and 36.79% per annum respectively. Part pre-payment and Foreclosure charges are NIL.
Frequently asked questions
It is an online calculator that instantly calculates EMIs, total interest payable, and total loan cost, including principal and interest rate. With no manual calculation, provide the loan amount you require, the applicable interest rate, and your preferred repayment tenor.
You may refuse to pay the secure fee on a personal loan. However, you shall lose the advantage of instant approval in that case.
The Bajaj Finserv online portal has cutting-edge security arrangements which are updated constantly. This ensures your information is safe and secure with us at all times.
You can download our customer portal – Experia, on your mobile phone. Alternatively, track your application’s status through our official website.
For checking status offline, visit your nearest branch with your application number and the registered mobile number.
If you have taken a Flexi loan, no part-prepayment or foreclosure charges are imposed.