Bajaj Flexi Personal Loan

• Both salaried persons and self-employed individuals can apply for Personal Loan.
• It is like an overdraft account where you can withdraw and deposit multiple times within the approved limit.
• Depending on your personal loan eligibility and credit rating, Bajaj Finserv Flexi Loans are available up to Rs. 25 Lakhs.
• Bajaj Flexi Loan comes with a flexible repayment tenure ranging between 12 and 60 months.
• Bajaj Flexi Loan offers the facility to withdraw money from the loan limit and transfer it directly to your bank account.
• Bajaj Flexi Loan is unique as it allows you to pay the interest amount alone as EMI. Under such circumstances, you pay the principal amount as a lump sum payment at the end of the tenor. It enables you to reduce the EMI amount by nearly 45%.
• Bajaj Finserv offers the services of an online portal, Experia, to enable hassle-free withdrawal and part-payment of funds.
• Bajaj Finserv charges interest on a daily reducing balance basis, thereby ensuring that you pay interest for the amount you use.

Tip: Check cibil score for personal loan before applying.

• Bajaj Finserv provides one of the fastest loans in the Indian financial industry. Generally, the disbursal is within 24 hours of the loan approval.
• Applying for a Bajaj Flexi Loan is an entirely online process that requires minimal documentation.
• Additional documents are not necessary whenever you withdraw your funds multiple times. There are no charges for the same.
• Enjoy the benefit of making part prepayments of the loan using your surplus funds on hand. You do not incur any additional charges for the same.
• The processing of the Bajaj Flexi Loan is transparent and does not include any hidden charges.
• Customers satisfying all eligibility criteria receive paperless approval within five minutes.
• Pre-approved loan offers are also available to shorten the processing times. Existing customers can check out their pre-approved offers by sharing their contact details and OTP.

Additional Reading: Apply for Bajaj RBL Credit Card.

Using the Personal Loan EMI Calculator available online on our website, you can easily calculate Bajaj Flexi Personal Loan EMI for free. The tool requires you to enter the loan amount, interest rate, and tenure to get instant results.

Apart from calculating the monthly EMI, the Calculator also shows the amortization schedule for loan repayment.

Here’s an illustration:

Personal loan amount required: Rs. 10 Lakhs

Applicable rate of interest: 13% p.a.

Tenure: 5 years

EMI to be paid each month till the tenure ends: Rs. 22,753

Total interest to be paid: Rs. 3,65,184

Total amount to be paid to the lender: Rs. 13,65,184

Amortization schedule of the above example:

The Personal Loan Documents that is mandatory to submit are:

• KYC Documents for ID and address proof such as Aadhar Card, Voter's ID Card, Driving Licence, and so on.
• PAN Card is mandatory. 
• Employee ID Card is necessary for salaried individuals.
• Payslips for the previous 2months.
• Latest Form 16 provided by the employer.
• Bank account statement for a minimum of last 3months evidencing the credit of salary into the account.

• Age of the applicant should be between 20 and 60 years.
• The applicant must be employed with an MNC, public or private company.
• The applicant must be an Indian citizen residing in specific cities.
• Minimum monthly income should be Rs. 36,000 for Delhi, Mumbai, Pune and Bangalore.

Additional Info: Check all Details regarding Personal Loan for Women also.

• Visit MyMoneyMantra and access the online application form under the Personal Loan tab.
• Fill in the details and submit it accordingly.
• Applicants should specify the loan amount and tenure to get instant approval.
• Our loan representative will contact the applicant to collect the necessary documents.
• The money will be credited to the loan account after approval.
• The customer can withdraw the funds depending on his/her requirements and transfer it to the bank account.
• Alternatively, applicants can SMS "SOL" to 9773633633 or drop a missed call to 9211175555.

Additional Info: Check Bajaj Finance Overdraft Loan facility.

You can contact Bajaj Finserv customer care regarding any queries or complaints regarding Bajaj Flexi Loan through any of the following ways:

• SMS “SOL” to 9773633633.
• Give a missed call on 9211175555.
• Visit any of the Bajaj Finserv branches using the branch locator. 
• Existing customers can send SMS to +91 9227564444.