A Loan For All Goals
About Us
Loans are financial products that allow individuals, businesses, or governments to borrow money from lenders or financial institutions, with the promise to repay the borrowed amount over time, often with interest. Loans serve various purposes and are an essential part of modern economies, facilitating economic activities, investments, and personal financial needs.
Types of Loans:
1. Personal Loans: Unsecured loans for individuals to cover personal expenses, such as medical bills, education, home improvements, or debt consolidation.
2. Business Loans: Financing options for businesses to fund operations, expansion, equipment purchases, working capital, or new projects.
6 Reasons to choose our personal loan
Did you know?
There are very few restrictions on how you use your personal loan.
You are not required to pledge any collateral or security.
You can lower your EMI amount by choosing a longer loan tenure.
With Flexi Hybrid loan, pay interest-only EMIs for the initial part of the tenure.
Features and benefits of our personal loan
3 unique variants
Pick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid Loan.
No part-prepayment charge on Flexi Term Loan
Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.
Loan of up to Rs. 40 lakh
Manage your small or large expenses with loans ranging from Rs. 1 lakh to Rs. 40 lakh.
Convenient tenures
Manage your loan easily with repayment options ranging from 6 months to 96 months.
Calculators
EMI Calculator
A personal loan EMI calculator is beneficial when computing EMIs. The Get Instant Loan Personal Loan EMI Calculator requires you to fill in only three essential fields to determine your monthly instalments – the loan amount you wish to borrow, followed by the interest rate and the tenure.
Eligibility Calculator
Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.
Frequently asked questions
EMI stands for Equated Monthly Instalments (EMIs), which is the fixed amount paid towards your personal loan repayment. It consists of both principal components and interest amounts. It gives you the ease and benefit of paying back the personal loan amount in smaller and easy instalments.
Yes, there are foreclosure and part-prepayment charges applicable on your personal loan. If you have surplus funds and want to part-prepay a portion of your loan, you will be charged 4.72% (Inc. taxes) on the part-payment amount as fees. You can part-prepay your personal loan only after you complete the payment of your first EMI. Your part-prepayment amount should be greater than one EMI.
If you want to foreclose your personal loan account, a foreclosure charge of 4.72% (Inc. taxes) on the outstanding amount is applicable.
With Bajaj Finserv, you can avail up to Rs. 40 lakh with a host of benefits and at attractive interest rates. However, the final amount of your personal loan depends on your eligibility and factors such as your CIBIL score, monthly income, employers and others.
Get Instant Loan offers flexible repayment tenors ranging up to 96 months. You can select a repayment period of your choice that suits your budget and preference. To help you plan your finances better, you can use the Bajaj Finserv Personal Loan EMI Calculator and choose a convenient tenor and EMI that makes the loan more affordable for you.
Get Instant Loan offers a personal loan of up to Rs. 40 lakh to help you meet your big-ticket expenses. This personal loan comes with instant approval within minutes, and you can get funds quickly – in just 24 hours*. With Bajaj Finserv, you can also opt for the Flexi facility and reduce your monthly instalment by 45%* by paying interest-only EMIs.
Existing customers of Bajaj Finserv may even qualify for pre-approved offers that come with some additional benefits, including faster processing and quick disbursal.
*Terms and conditions apply