Bajaj Finance Personal Loan

Instant requirements on funds arise at any moment. Salaried professionals or students in India can get quick personal loan from Bajaj Finance. With that, you can get 24/7 financial assistance, on availing a loan amount up to ₹40 lakhs. Now more than ever, find it easy to manage financial emergencies like home renovation, medical expenses, or any other personal crisis.

Bajaj Finance offers Personal loans at affordable interest rates starting at 11% annually and a long repayment period of up to 96 months.

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Table of Contents

Bajaj Finance Personal Loan Details

If you’re someone looking for quick access to heavy cash, Bajaj Finance personal loan is a good choice. Before applying for a personal loan from Bajaj Finance, you might require the information listed below.

Interest rate 11% p.a. onwards
Loan amount Up to ₹40 lakh
Processing fee Up to 3.93% of the loan amount
Tenure Up to 96 months

Bajaj Finance Personal Loan Interest Rates

The interest rate is one of the most crucial factors in getting an instant personal loan. Now with optimum benefits and enjoy your repayment process and increase your CIBIL score in the most convenient way. It further impacts your financial goals.

Bajaj Finance offers a range of interest rates starting from 11% and can go up to 35% p.a. The interest rates may vary depending on your income, credit score, etc.

Bajaj Finance Loan Interest Rates 11% to 35% p.a.

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Bajaj Finance Personal Loan Fees & Charges

Bajaj Finance gives you the ability to get fast loan online, which is tailored to your financial needs. But it is important to know all the fees and charges before applying.

Fees and charges for a Bajaj Finance personal loan are listed below

Processing fee Up to 3.93% of the loan amount
Tenure 6 months to 96 months
Loan amount ₹1,00,000 - ₹40,00,000
Penal interest 3.50% per month
Prepayment Charges Up to 4.72% of the loan amount

Bajaj Finance Personal Loan Eligibility Criteria

Bajaj Finance has set a list of eligibility criteria for personal loan. Avail personal loan from Bajaj Finance with ease and fulfil your requirements.

Listed below are the criteria for qualifying for Bajaj Finance personal loan :

Age 21- 80 Years old
Income ₹25,001 Min Monthly Salary
Citizenship Indian

Documents Required For Bajaj Finance Personal Loan

To ensure a smooth application process, you must submit the required documentation. The following documents are required for a Bajaj Finance personal loan:

Bajaj Finance Personal Loan EMI Calculation

Use this EMI calculator to calculate your monthly EMI and plan your repayments for a Bajaj Finance personal loan. Enter the loan amount, interest rate, and tenure to get immediate results. Take control of your finances and manage them effectively.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Comparison of Bajaj Finance Personal Loan Vs Other NBFCs

Comparing interest rates before choosing a personal loan lender is a necessary step to ensure that you choose the right lender for your needs. Below is a table that compares interest rates between top NBFCs for personal loans.

Loan Lenders Interest Rates (p.a.)
Bajaj Finance 11% - 35% p.a.
Paysense 16.8% - 27.6%
HDB Financial services Upo 36%
CASHe 27%
Home Credit 24%

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Features & Benefits of Bajaj Finance Personal Loan

Avail personal loan with Bajaj Finance, a quick and easy way to meet your urgent financial needs. Here are the features and benefits of availing a personal loan from Bajaj Finance:

Quick Approval

Get loan approved in
just 5 minutes

Competitive Interest Rates

The interest rates start
at 11% p.a.

Disbursal in 24 hours

Get loan amount in
just 1 days!

No Colleteral Needed

Get loans risk free
without any collateral

Flexible Tenure

Get long repayment tenure
from 1-5 years

No Hidden Charges

Transparent process with no
extra hidden charges.

Types of Bajaj Finance Personal Loans

Bajaj Finance offers various loan options which can suit your needs. You can consider the following personal loan options from Bajaj Finance:

Flexi Term Loan

Bajaj Finance Flexi Term Loan allows you to withdraw money from your loan amount as many times as you need. You can also pre-pay easily when you have additional funds. You only pay interest on the amount you have withdrawn, not on the entire sanctioned loan.

Bajaj Finance Flexi Hybrid Loan

Bajaj Finance Flexi Hybrid Loan combines the features of a term loan and a credit card. You can withdraw money from your approved loan limit as many times as you need and part-prepay easily when you have additional funds. You only pay interest on the amount you have withdrawn, not on the entire sanctioned loan.

Bajaj Finance Term Loan

Bajaj Finance Term Loan is a personal loan that you can avail without any collateral and can use for any purpose. Your equated monthly installments (EMI) include both principal amount and interest rate.

How Do You Apply for Bajaj Finance Loans with Buddy Loan?

Follow these steps to apply for a Bajaj Finance personal loan on Buddy Loan:

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

Bajaj Finance Personal Loan Repayment

A crucial step in the loan process is repayment when the borrower is responsible for making prompt and hassle-free payments. The payback is often over a period, done in monthly installments. Your credit score and financial trustworthiness will increase if you make consistent, on-time payments.

Bajaj Finance offers a flexible repayment tenure up to 5 years. You can make Repayments through the official Bajaj Finance website or through their mobile application.

Frequently Asked Questions on Muthoot Loan

Bajaj Finserv offers a wide range of loans. It includes personal loans, business loans, home loans, gold loans, loan against property, two-wheeler loans, and car loans, too.

To be eligible for a loan from Bajaj Finserv, you must be an Indian citizen, at least 21 years old, and have a monthly income of at least ₹25,001.

Bajaj Finserv personal loan interest rates start from 11% and can go up to 35% p.a.

Bajaj Finserv's loan approval time is 24 hours for most loans, although larger loans or lower credit scores may take a little longer.

You can get a loan of up to Rs. 40,00,000 from Bajaj Finance. Depending on your income, employment, and credit history, you may be eligible for a loan.

Bajaj Finserv loans have four repayment options. It includes EMIs, advance payments, part-prepayments, and full repayment.

To check the loan status online, go to the Bajaj Finserv website, log in with your customer ID or mobile number and password, and click on "Track Application." Enter your registered mobile number and click on "Generate OTP." Enter the OTP to view your loan application status.

Bajaj Finserv loans offer competitive interest rates, flexible repayment options, and quick approval and disbursal rates.

You can use this EMI calculator to calculate your Baja Finserv personal loan EMI.

Yes, you can get a loan from Bajaj Finserv with a low credit score, but your chances of approval will be lower. Boost your chances by applying for a smaller loan, having a cosigner, and ensuring your income covers monthly payments.

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