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Rs. 40,000 - Rs. 55 lakh
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If you are planning to apply for a personal loan, maintaining a good CIBIL Score is important as it reflects your credit history and repayment behaviour. While lenders also consider factors such as income, employment, repayment capacity, and existing financial obligations, a healthy CIBIL Score can strengthen your application.
Loan eligibility:
Lenders may consider your CIBIL Score along with other eligibility criteria when assessing your personal loan application. A good score generally reflects responsible credit behaviour.
Interest rates:
A higher CIBIL Score may help you qualify for more favourable interest rates, depending on the lender's assessment and your overall credit profile.
Better loan offers:
A strong CIBIL Score may improve your chances of accessing suitable loan offers and repayment options, subject to the lender's policies.
Application assessment:
A good CIBIL Score supports your credit profile, although loan approval and processing timelines also depend on eligibility verification and documentation.
Future borrowing:
Maintaining a healthy CIBIL Score can benefit future credit applications, including home loans, car loans, and credit cards, as it demonstrates responsible credit management.
Bajaj Finance considers your CIBIL Score along with other eligibility criteria while assessing your personal loan application. Eligible applicants can apply for a Bajaj Finance Personal Loan ranging from Rs. 40,000 to Rs. 55 lakh, with repayment tenures from 12 months to 108 months, interest rates ranging from 10% and 30% p.a., quick approval, minimal documentation, no collateral requirement, and disbursal within 24 hours*. Check your offer in just 2 steps and apply online to get our loan.
Key offerings: 3 loan types
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) |
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:
Part Pre-payment
|
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.
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 fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up 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