Personal Loan in Karur

Personal Loan in Karur

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

FAQs

Rs. 40,000 - Rs. 55 lakh

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

Check now

Enter mobile and OTP | Check offer | No branch visit needed

Bajaj Finserv in your city

  • Whether you’re a textile manufacturer in Karur city, a salaried employee near Thanthoni, or a shopkeeper in Jawahar Bazaar, a Bajaj Finserv Personal Loan in Karur helps you manage your personal finances with ease and speed. With high loan limits, flexible repayment, and 100% digital processing, Bajaj Finserv makes borrowing in Karur simpler than ever.

    ✅ Check your offer with phone number and OTP – Get funds in 24 hours* without any branch visit.
     

A bustling industrial and textile hub in Tamil Nadu, Karur is known for its thriving home textiles sector and export-driven economy. The city is also expanding in banking, education, and retail. Whether you are a salaried professional, self-employed trader, or small business owner, a personal loan in Karur is a reliable financial solution to meet life’s important expenses without tapping into savings.

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Features and benefits of personal loan in Karur

  • 100% transparency

    With simple terms and conditions and complete transparency, Bajaj Finance ensures zero hidden charges.

  • Collateral-free financing

    Meet only minimum eligibility requirements to avail of the collateral-free personal loan in Karur.

  • Flexi loan facility

    The Flexi loan facility allows multiple withdrawals from a dropline limit. Interest needs to be paid only on the withdrawn funds.

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Karur with just your phone number and OTP – no need to visit the branch.

  • 24x7 access to the customer portal

    Track your loan details like upcoming EMIs, interest payable, etc., with 24x7 access to the customer portal - My Account.

  • Minimum documents required

    Provide only a few essential personal and financial documents to a visiting Bajaj Finserv representative and complete paperwork.

  • Quick approval

    Fill up the online application form with correct details to receive approval of your personal loan within minutes.

  • Tenure flexibility

    Choose your suitable tenure of up to 108 months with our Personal Loan EMI calculator.

  • High-value financing of up to Rs. 55 lakh

    Meet diverse financing needs conveniently with a high-value personal loan of up to Rs. 55 lakh in Karur.

  • Receive money within 24 hours*

    With Bajaj Finance's streamlined loan processing, the approved amount gets transferred to your account within the next 24 hours*.

Karur is one of the oldest settlements in Tamil Nadu. It has a rich historical and cultural significance of South India. Its economy depends predominantly on an agricultural industry-based with cotton, rice and oilseeds as its significant crops. Karur’s 17% workforce is also engaged in its textile industry, with the rest of approximately 80% workforce employed in tertiary sectors like transportation, banking, fossil fuel processing, etc.

With a personal loan from Bajaj Finance, one of the leading private financiers in Karur, financing big-ticket expenses is more convenient than ever. Check affordability with the help of the personal loan EMI calculator and apply for a loan. Pay only nominal personal loan interest rates and charges on your personal loan.

*Conditions apply

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Eligibility criteria and documents for personal loan in Karur

You can easily get the funds you need in Karur with the below criteria:

  • Eligibility 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.

  • Documents required

    • 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
    • Real-time image / photograph
    • Ration card

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

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How to apply for personal loan in Karur

  • Step-by-step guide to apply for a personal loan

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. 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.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

Our representative will contact you for further steps.

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

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 for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

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) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • 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 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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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