Bajaj Finserv
Bajaj Finance Personal Loan
- Interest rate10% to 30.5%
- Rate typeFixed
- Loan amount₹40,000 to ₹55 lakh
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
At a Glance
- Interest rate
- 10% to 30.5%
- Rate type
- Fixed
- Loan amount
- ₹40,000 to ₹55 lakh
- Tenure
- 1 year to 9 years
- Processing fee
- Up to 4.13% (incl. taxes)
- Type
- Personal
- Min salary
- ₹35,000 a month
- Age
- 21 to 80 years
- CIBIL score
- 720+
- Collateral
- Not required
- Offered by
- Bajaj Finserv
What you get
- Unsecured personal loan from Rs 40,000 to Rs 55 lakh at 10% to 30.5% a year, repaid over 12 to 108 months. Applied for fully online, with no security needed. A Flexi option lets you withdraw and prepay from a sanctioned limit.
Fees and charges
- Processing fee up to 4.13% of the loan amount (taxes included), deducted from the loan. Stamp duty as per your state. Flexi loans: facility charge Rs 1,999 to Rs 18,999. Full prepayment of a term loan: up to 4.72% (taxes included); part-prepayment free. Late EMI: penal charge up to 36% a year on the overdue instalment; bounce charge Rs 700 to Rs 1,200.
Who can apply
- Indian citizen, age 21 to 80 (80 or younger at the end of the loan). Salaried or self-employed, working for a public sector, private or multinational company. CIBIL score 650 or higher.
Documents you will need
- KYC (Aadhaar, passport, voter ID, driving licence, NPR letter or NREGA job card), PAN card, employee ID card, salary slips for the last 3 months, bank statements for the last 3 months.
How to apply
- Apply online on the Bajaj Finserv website with your KYC and income details. The rate you get depends on your credit score, income and employer.
Eligibility
- Minimum monthly income
- ₹35,000
Loan fees and charges
- Rate type
- Fixed
- Prepayment charges
- Full prepayment up to 4.72% (incl. taxes); part-prepayment free
- Late payment
- Penal charge up to 36% a year on the overdue instalment; bounce ₹700 to ₹1,200
Eligibility
- Min monthly salary
- ₹35,000
- Min age
- 21 years
- Max age at maturity
- 80 years
- Employment
- Both
- Min credit score
- 720+
Common Questions
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with Bajaj Finserv. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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