Bajaj EMI Lite to Reduce Your Monthly Repayment Burden

Updated on: 16 Jan 2024 // 4 min read // Personal Loans
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Are you looking for other option than RBI’s Moratorium scheme to lower your monthly repayment burden? Do you want to cut your EMIs and re-set the monthly budget? Are you looking for maximum repayment flexibility from your bank?

If you are looking out to lighten the monthly repayment burden, Bajaj Finserv EMI Lite option will do the trick for you. Yes, you can convert your fresh purchases or previous outstanding into a lower EMI plan. You also get freedom to expand the tenor at a nominal interest charge. The option is available to Bajaj Finserv Customers only.

Amid current medical and financial crisis when everyone is looking for cash relief it is useful to check Bajaj EMI Lite Loan and its benefits.

Bajaj EMI Lite: Features & Benefits

By opting for Bajaj EMI Lite you can reduce your EMIs by up to 45%. The best part is you can also reduce loan tenure to ease the burden of debt. Here is the list of benefits & features if you decide to opt for EMI Lite option for your loans or cards balance.

  • Debt consolidation: You can consolidate your personal loan, auto loan and other loans into a single Bajaj Finserv EMI Lite Personal Loan. Thus you will only have a single EMI to manage.
  • Low EMI burden: With Bajaj EMI Lite you can literally “lighten” your EMI outgoes each month substantially. You can expand the loan tenure as per your financials or budget constraints.
  • Longer repayment tenure: You can widen your liabilities for 5 to 18 months period. Thus it is one of the best ways to take care of mounting debt responsibility in the short run.
  • No documentation: You can apply for Bajaj Lite option online and thus there is no hassle of documentation attached. 
  • No Foreclosure Charges: The Bajaj Lite caters to customer needs completely as it doesn’t levy any foreclose charge on your loan.
  • No Processing Fees: There is no processing fees levied if you opt for this EMI reduction Loan as a Bajaj Finserv Customer.
  • Protects your credit score: When you opt for Bajaj EMI Lite you reduce chances of delaying payments as the EMI is adjusted according to your current repayment capacity. Consistent repayment of EMIs for a longer tenor of loan will improve your credit score.

How does Bajaj EMI Lite Work?

Let’s take an example to understand how does Bajaj EMI Lite facility work.

Let’s say, you have an outstanding balance of Rs 30000 and you are yet to Rs 6000 EMIs for 5 months.

Now by opting for EMI Lite you can convert your EMIs to Rs 2700 for 12 months. This way you will pay Rs 200 fixed interest each month and reduce monthly EMI burden by 3300.

This will result in 55% decline in EMI burden. Amid cash crunch this relief will help you meet your other commitments peacefully.

How to Apply for Bajaj EMI Lite?

In order to apply for Bajaj EMI Lite Offer follow following steps:

A) Apply Online.

  • You can apply for Bajaj EMI Lite through official website.
  • Enter your mobile number and OTP.
  • Check the pre-approved offer & accept it.

B) Through Missed Call.

You can also check the available offer by giving a missed call on 783 599 4999 in response, you will get an SMS regarding the approval of your offer.

Interest Rates & Fees:

  • Interest Rate: Annualized rate of interest on this BFL EMI Lite Loan or Lite Personal Loans or EMI Reduction Loan will vary from 6 % to 19%, based on customer profile and credit policy.
  • Bounce Charges: In case of default or rejection of NACH/Electronic Mandate etc a penalty of Rs. 450/- (Inclusive of taxes) per instance  will be levied.
  • Penal Interest: >In case of delay in payment of EMI, the NBFC will charge default interest at the rate of 2% of EMI amount per month + applicable taxes. The minimum charge will be Rs. 200 per month.
  • Foreclosure Charges: There are not foreclosure charges.


✅ What is BFL EMI Lite?

Bajaj Finserv EMI Lite works like a Personal Loan. It reduces your EMI amount and expands the tenure thereby providing you real time repayment relief. It is one of the best ways to consolidate small ticket loans.

✅ What is the missed call number to opt for Bajaj EMI Lite?

The Bajaj Finserv customer can give a missed call on 783 599 4999 and check the lite offer on their account. They will get option to opt for EMI reduction through SMS.

✅ What is the rate of interest for BFL EMI Lite Personal Loan?

The annualised rate of interest will vary from 6 % to 19 % p.a.

✅ What is the tenure for Bajaj EMI Lite?

The customer can extend the loan for 5 to 18 months.

✅ What type of repayment flexibility do I get with Bajaj Finserve EMI Lite?

You can reduce your EMIs and extend the tenor for upto 1.5 years. There is no foreclosure charge and thus you can close the loan account whenever you have surplus funds. It thus provides a lot of flexibility in repayment.