Bajaj Finance Personal Loan Interest Rates

Get a personal loan up to Rs. 25 Lakhs to meet your urgent requirements with Bajaj Finserv at attractive interest rates. Bajaj Finserv Personal Loan interest rates start at 13% p.a. and come with flexible tenure of up to 5 years.

Rate of Interest On Bajaj Finance Personal Loan

Type of FeesCharges Applicable
Interest Rates13% onwards
Processing FeesUp to 4.13% of the sanctioned loan amount + taxes
Bounce ChargesRs. 600 – Rs. 1,200 Per bounce 
Penal Interest2% to 4% per month + applicable taxes
Overdue ChargesRs. 200 + applicable taxes
Secure Fee for Online ApprovalsRs. 4,499
Charges for Outstation CollectionRs. 65 + applicable taxes
Charges for Loan StatementRs. 50
Part-prepayment Charges (after payment of at least 1 EMI)2% + applicable taxes
Foreclosure Charges (after payment of at least 1 EMI)4% of principal outstanding + applicable taxes
Annual Maintenance Charges for Hybrid Flexi Loan 
  • 0.25% on the sanctioned loan amount + taxes for 2 years


  • 0.25% on reduced assigned limit + taxes for remaining loan
Annual Maintenance Charges for Flexi Term Loan0.25% on reduced assigned limit + applicable taxes

Bajaj Finserv Personal Loan Customer Care

In regards to any query related to Bajaj Finserv Personal Loan, you can contact through the following ways:

Visit your nearest Bajaj Finserv branch

Bajaj Finserv Personal Loan Toll Free Customer Care Number

SMS ‘SOL’ to 9773633633

Bajaj Finserv Personal Loan Details

Some of the most important Bajaj Finserv Personal Loan details are:

  • Loan amount Up to Rs. 25 Lakhs
  • Rate of interest 13% p.a. onwards
  • Tenure of repayment is 12 - 60 months
  • Lowest EMI possible - Rs. 2,224 Per Lakh
  • Processing fee Up to 4.13% of the sanctioned loan amount + taxes
  • TAT is Meet basic eligibility criteria and get paperless loan approval in just 5 minutes of application.

 Why Bajaj Finserv Personal Loan? 

  • Meet basic eligibility criteria and get paperless loan approval in just 5 minutes of application.
  • Get Flexi personal loan and reduce your EMI by 45%.
  • Get money credited to your account in 24 hours after approval.
  • High loan amount
  • Flexible repayment tenure
  • Online loan process
  • Minimum documentation
  • Zero hidden charges
  • Pre-approved personal loan offers

How to Calculate Bajaj Finserv Personal Loan EMI?

  • Click on the Personal Loan EMI Calculator under the Financial Tools tab of the MyMoneyMantra website.
  • Enter the loan parameters like the total amount of loan, interest rate, and tenure as mentioned.
  • As soon as you enter the three loan parameters, the EMI amount for that combination of the three loan parameters appears instantly on the webpage.
  • Try various combinations of the loan parameters to arrive at an EMI that you find is most suitable for you to service depending on your cash flows.

Bajaj Personal Loan Interest Rate Comparison with other Banks

Below is the comparison of Interest rate offered by Bajaj Finserv with other lenders:

BankInterest Rate
HDFC Personal Loan Interest Rate10. 50% to 21.30%
Axis Bank Personal Loan Interest Rate10.75%-11.25%
ICICI Bank Personal Loan Interest Rate11.25% - 21%
IDFC First Bank Personal Loan Interest Rate10.49%-18%
SBI Personal Loan Interest Rate9.60% - 15.65%
YES Bank Personal Loan Interest Rate10% - 24%
Bank of Baroda Personal Loan Interest Rate10.25% - 15.60%

How to Apply for Bajaj Finserv Personal Loan through MyMoneyMantra?

It is very easy to get a Personal Loan from Bajaj Finserv through MyMoneyMantra. All you need to do is follow the steps mentioned below: 

  • Visit MyMoneyMantra and click on the Personal Loan tab mentioned under Loans section.
  • Click on the Compare & Apply button.
  • Fill in the required details, such as your name, mobile number and email address.
  • Enter the OTP received on the registered number and click on Verify button.
  • Choose employment type from the given options.
  • Enter your date of birth.
  • Provide your PAN card details.
  • Enter the employer’s name.
  • Enter your net monthly income details.
  • Enter the required loan amount.
  • Select the bank name from the given list where salary is credited.
  • Enter your complete address.
  • A list of offers will be displayed on your screen.
  • Compare the given options.
  • Click on the EConnect button mentioned besides the lender. 
  • Fill in the form and submit your application.
  • Our representatives will get in touch with you soon for loan processing. 

Kotak Personal Loan Festival Offer 

Ahead of festival season, Kotak Mahindra Bank has announced Rs 999 flat processing fee offer on Personal Loans. Customers can avail of instant approvals on personal loan applications up to Rs. 20 Lakhs at lowest interest rate starting at 10.25% p.a for maximum of 5 years. 

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Bajaj Finserv Personal Loan Interest Rates FAQs

How much time does it take for Bajaj Finserv to process approval of my Personal Loan?

It takes banks almost 15 days to reach a conclusion regarding loan application and convey the same to the applicants. However, if everything is fine, you can get instant approval from Bajaj Finserv for your Personal Loan in as little as 5 minutes after successful submission of your loan application and documents.

What is the interest on Personal Loan charged by Bajaj Finserv?

At Bajaj Finserv Personal Loan interest rate starts from 13% p.a..

What are the minimum and maximum tenure of Personal Loan in Bajaj Finserv?

The minimum tenure to repay the Personal Loan at Bajaj Finserv is 12 months and the maximum tenure is 60 months.

What is the amount of Personal Loan that one can borrow from Bajaj Finserv?

Bajaj Finserv offers a minimum loan of Rs. 1 Lakh to a maximum loan of Rs. 25 Lakhs.

What is the processing fee for a Personal Loan at Bajaj Finserv?

Bajaj Finserv charges a Personal Loan processing fee of up to 4.13% of the sanctioned loan amount + taxes.

Does my age matter as an eligibility factor for getting a Personal Loan at Bajaj Finserv?

Yes, age is an important eligibility factor to get a Personal Loan. Your age should be between 23 to 58 years to get a Personal Loan from Bajaj Finserv.

Are there any prepayment charges on a Personal Loan from Bajaj Finserv?

Yes, Bajaj Finserv charges 2% + applicable taxes on part-prepayment and 4% + applicable taxes on full prepayment of the loan. The prepayment is allowed only after the payment of 1 EMI.

Is it possible to get a Personal Loan on the combined income of my spouse and me?

You can combine your income with the income of your spouse by applying together for a loan. This will help you to combine your income and increase your loan eligibility and loan amount as well.

What is the minimum and maximum personal loan repayment tenure at Bajaj Finserv?

The minimum repayment tenure for Bajaj Finserv personal loan is 12 months and maximum up to 60 months.

What are the pre-closure charges for Bajaj finance Personal Loan?

The pre-closure charges for Bajaj finance Personal Loan is 4% on principal outstanding plus applicable taxes. For prepayment, the charges are 2% of the amount to be prepaid plus applicable taxes.