Bajaj Finserv Personal Loan

Personal Loan

Instant loans with flexi repayment

Interest Rate11.00% - 24.00% p.a.
Loan Amount₹1 Lakh - ₹35 Lakhs
Tenure1 - 7 years

About Bajaj Finserv Personal Loan

Bajaj Finserv offers quick personal loans with unique Flexi Loan facility that allows you to withdraw and repay as needed. Known for easy eligibility and faster processing, it's popular among first-time borrowers.

Key Features

Flexi Loan - withdraw as needed
Pay interest only on used amount
Longer tenure up to 7 years
Instant approval online
Pre-approved offers for many
Easy documentation
Part-prepayment without charges
Top-up loan facility

Eligibility Criteria

Age21 - 67 years
Minimum Income₹22,000/month for salaried
EmploymentEmployed with recognized company
Credit Score685+ CIBIL score

Documents Required

PAN Card
Aadhaar Card
Salary slips (latest 2 months)
Bank statements (3 months)
Address proof

Fees & Charges

Processing FeeUp to 3.00% + GST
Prepayment ChargesPart-prepay free, full foreclosure has charges
Late Payment FeeUp to ₹1,000 per missed EMI
Foreclosure Charges2-4% of outstanding

Pros & Cons

Advantages
  • Unique Flexi Loan facility
  • Easier eligibility criteria
  • Accepts lower credit scores
  • Longer tenure options
  • Quick digital process
Disadvantages
  • Higher interest rates
  • Higher processing fees
  • Not a bank - NBFC
  • Limited branch network

Frequently Asked Questions

Flexi Loan gives you a credit limit from which you can withdraw anytime. You pay interest only on the amount used, not the full loan. This is useful for uncertain funding needs.

Bajaj Finserv accepts scores as low as 685, which is lower than most banks. However, lower scores mean higher interest rates. They focus more on income stability.

Apply through Bajaj Finserv website or app. Check pre-approved offers, fill the form, upload documents, and complete verification. Many customers get instant approval.

Yes, Bajaj Finserv is a trusted NBFC regulated by RBI. It's part of Bajaj Finserv Ltd, a large financial services company. Millions have successfully borrowed from them.
Bajaj Finserv Personal Loan
  • Interest Rate11.00% - 24.00% p.a.
  • Loan Amount₹1 Lakh - ₹35 Lakhs
  • Tenure1 - 7 years
  • Processing FeeUp to 3.00%

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Disclaimer: Interest rates and terms are subject to change. Loan approval depends on your credit profile and lender's policies. Please verify details on the official lender website before applying.