A Bajaj Finance Personal Loan can help you manage planned or unexpected expenses without providing collateral. Salaried professionals, self-employed individuals, and other eligible applicants can apply online for funds to cover medical expenses, home renovation, higher education, travel, or other personal needs.
Bajaj Finance offers personal loans ranging from ₹40,000 to ₹55 lakh, with interest rates starting from 10% p.a. The repayment tenure ranges from 12 to 108 months, giving borrowers flexibility to choose a suitable repayment period.
Bajaj Finance Personal Loan Details
Before applying for a Bajaj Finance Personal Loan, check the main loan details, including the interest rate, loan amount, processing fee, and repayment tenure.
| Loan Parameter | Key Details |
| Interest Rate | 10% to 30.5% p.a. |
| Loan Amount | ₹40,000 to ₹55 lakh |
| Processing Fee | Up to 4.13% of the loan amount (inclusive of applicable taxes) |
| Repayment Tenure | 12 months to 108 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 | 10% to 30.5% p.a. |
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Bajaj Finance Personal Loan Fees & Charges
Before taking a Bajaj Finance Personal Loan, check the applicable processing fee, foreclosure charges, bounce charges, penal charges, and other costs.
| Fee Type | Applicable Charges |
| Processing Fee | Up to 4.13% of the loan amount (inclusive of applicable taxes) |
| Repayment Tenure | 12 months to 108 months |
| Loan Amount | ₹40,000 to ₹55,00,000 |
| Penal Charge | Up to 36% p.a. per instalment for delayed payments |
| Prepayment / Foreclosure Charges | Up to 4.72% (inclusive of applicable taxes) on outstanding amount |
| Bounce Charges | ₹700 to ₹1,200 per bounce |
| Flexi Facility Charge | Up to ₹1,999 to ₹18,999 (inclusive of applicable taxes) |
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.
| Criteria | Qualification Requirement |
| Age | 21 to 80 years old (at maturity) |
| Income | Minimum net monthly salary starting from ₹25,001 (varies by city) |
| Citizenship | Indian Resident |
| Employment Type | Public sector, Private sector, or MNC employee / Self-employed |
| Credit Score | CIBIL Score of 650 or higher |
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:
- KYC Documents: Aadhaar Card, PAN Card, Voter ID, Driving License, Passport, Letter of National Population Register, or NREGA Job Card.
- Income Proof: Salary slips for the last 3 months and bank account statements for the previous 3 months.
- Employment ID: Official employee identity card issued by your employer.
- Address Proof: Utility bills such as electricity or piped gas bill, property tax receipt, or employer allotment letter.
Bajaj Finance Personal Loan EMI Calculator
You can use the EMI calculator to estimate your monthly repayment before applying for a loan. Follow these simple steps:
- Step 1: Enter the loan amount you want to borrow.
- Step 2: Select the applicable interest rate.
- Step 3: Choose your preferred repayment tenure.
- Step 4: Check the estimated monthly EMI and plan your budget accordingly.
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 | 10% onwards |
| Paysense | 14% onwards |
| HDB Financial services | 10% onwards |
| CASHe | 27% onwards |
| Home Credit | 24% |
| Money View | 14% onwards |
| RBL Bank | 14% onwards |
Features & Benefits of Bajaj Finance Personal Loan
A Bajaj Finance Personal Loan offers flexible funding for different personal expenses.
Some of the main features include:
- Loan Amount up to ₹55 Lakh: Eligible borrowers can get loans ranging from ₹40,000 to ₹55 lakh.
- Quick Disbursal: Approved loan amounts can be transferred to your bank account within 24 hours.
- No Collateral Required: You do not need to pledge property, gold, or any other security.
- Flexible Repayment Tenure: Choose a repayment period ranging from 12 to 108 months.
- Transparent Charges: Fees and applicable loan charges are disclosed before borrowing.
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.
Bajaj Finance Personal Loan Customer Care Number
You can contact Bajaj Finance for help with personal loan applications, application status, account management, or other queries.
| Support Channel | Contact Details / Links | Service Availability |
| Helpline Phone Number | 020 7157-6403 | Available Monday to Saturday during standard business hours |
| Customer Support Email | investor.service@bajajfinserv.in | 24/7 Email assistance for customer queries |
| Support & Complaints Portal | Bajaj Support Portal | 24/7 Online query registration and grievance redressal |
| Corporate Office Address | 6th Floor, Bajaj Finance Ltd Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014 | Official communications and corporate inquiries |
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