Bajaj Finance Overdraft Facility
Bajaj Finserv’s Flexi Loan overdraft facility is a highly effective and versatile financial product designed to meet short-term requirements and provide a reliable emergency backup. With a high credit limit of up to ₹55 lakhs, it gives you the confidence and liquidity to handle both planned and unplanned expenses with ease. Once your overdraft account is approved, you gain instant access to funds up to your sanctioned limit, which can be withdrawn anytime as per your need. This makes it an ideal solution for managing unexpected expenses, cash flow gaps, or urgent financial commitments. One of the key advantages of the Bajaj Finserv overdraft is that interest is charged only on the amount utilized and only for the number of days it is used, ensuring you do not pay for unused credit. Additionally, there are no prepayment or foreclosure charges, giving you complete flexibility to repay as and when convenient. With a quick online process, instant approvals, and fast disbursal, the Flexi Loan acts as a financial safety net that is always available when you need it. Use wisely and within your repayment capability, Bajaj Finserv overdraft is not just a loan product—it is a strategic financial backup that offers convenience, control, and peace of mind at a nominal cost.
Key Details of Bajaj Overdraft Facility
Following is the table of complete details of the Bajaj Finserv Overdraft loan:
| Feature | Detailed Specification |
|---|---|
| Sanction Limit | Up to ₹55 Lakhs (Determined by individual credit profile) |
| Interest Rate | From 13% p.a. (Calculated daily on the utilized balance) |
| Repayment Tenure | Flexible options up to 60 months |
| Approval Speed | Instant (Digital approval within 5 minutes) |
| Fund Disbursal | Credited to the bank account within 24 hours |
| Security/Collateral | Unsecured (No asset pledge required) |
| Prepayment Charges | Nil (Zero penalty for early part-payments) |
| Processing Fee | Up to 4% of the sanctioned limit |
| Eligible Age Criteria | 21 to 67 years |
Key Features of Bajaj OD Loan
- Sanctioned Credit Limit: Get a high-value credit line up to ₹55 Lakhs (for personal/professional use) or higher for business needs, based on your eligibility.
- Flexible Withdrawal: Withdraw funds in small or large installments from your sanctioned limit as many times as you need without multiple applications.
- Revolving Credit: Once you repay a portion of the borrowed amount, your available credit limit is automatically restored for future use.
- Day-wise Interest Calculation: Interest is not charged on the total limit, but only on the exact amount utilized for the specific number of days it remains outstanding.
- Digital Management: Access your loan account 24/7 through the Bajaj 'My Account' (Experia) portal or mobile app to withdraw or repay funds instantly.
Bajaj Finance Overdraft Interest Rates & Charges
Below is the detailed interest rate and fee structure for the Bajaj Finserv Overdraft (Flexi Loan) facility as of 2026.
| Component | Details & Estimated Rates |
|---|---|
| Annual Interest Rate | 13.00% to 30.00% p.a. (Based on CIBIL score & income) |
| Interest Calculation | Daily, on the utilized amount only |
| Processing Fee | Up to 3.93% of the sanctioned limit (one-time) |
| Flexi Fee | ₹999 to ₹18,999 (Varies by loan amount & variant) |
| Maintenance Charges | 0.25% to 0.50% per annum on the sanctioned limit |
| Part-Payment Charges | Nil (Zero penalty for paying back surplus funds) |
| Foreclosure Charges | Nil for floating rate loans (Individual borrowers) |
| Bounce Charges | ₹600 to ₹1,200 per instance of EMI failure |
Bajaj Overdraft Loan Eligibility Criteria
Following are the detailed eligibility criteria for the Bajaj OD loan:
- Nationality: The applicant should be an Indian citizen.
- Work status: The applicant should be a salaried individual working with a multinational company (MNC), or public or private limited company.
- Age: The minimum age should be at least 21 years at the time of loan application and the maximum age should not be above 67 years at the time of loan maturity.
- CIBIL score: The applicant must have a Credit Score of 750 or above to qualify for a Bajaj Finance OD loan.
Document Required for Bajaj OD Facility
You require the following documents to apply for a Bajaj Finserv OD loan:
- KYC documents like an Aadhaar Card, PAN Card, Driving License, Voter ID, or Passport.
- Bank account statement for the last 6 months.
- Form 16 or the latest salary slips.
- Employee ID card is required for overdraft Bajaj Finance.
Term Loan vs. Bajaj OD Loan
Key Differences Between Bajaj Term Loan and Flexi Personal Loan:
| Feature | Standard Term Loan | Bajaj OD (Flexi) Loan |
|---|---|---|
| Interest Charged on | Full Principal Amount | Only the Utilized Amount |
| Repayment | Fixed Monthly EMIs | Flexible Repayment |
| Withdrawals | One-time | Unlimited |
| Part-Payment Fee | Often 2% – 4% | Nil |
| EMI Structure | Principal + Interest | Interest-only option available |
Steps to Apply for a Bajaj Overdraft Loan
The following are the steps to apply for a Bajaj OD loan online:
- Fill in your personal, financial, and employment details.
- Then select the loan amount you require and the tenure of the loan.
- Submit the required documents for verification and wait for approval of the Bajaj Finance OD facility.
- Once the application is approved, the loan amount will be directly credited to your bank account within 30 minutes.
FAQs
The Bajaj overdraft interest rate in 2026 starts from 13% p.a. and can go up to 30% p.a., depending on the borrower's credit profile and the specific loan variant selected.
Bajaj Overdraft Flexi Loan is similar to an overdraft facility. It allows you to borrow money up to a certain limit approved by the lender. Bajaj overdraft interest rate is charged only on the amount used in a day and not on the amount sanctioned. The sanctioned loan amount can be used for any purpose. You can prepay the loan at your convenience. However, the interest amount needs to be paid as per the agreed conditions.
The Bajaj overdraft facility is generally better for those who need flexible, multi-stage withdrawals and want to save on interest by paying only for the amount utilized, whereas a standard personal loan is better for a one-time lump sum with a fixed repayment schedule.
Yes, the Bajaj overdraft facility (Flexi Loan) is available for salaried individuals, provided they meet the age, city-specific income, and credit score requirements.
The Bajaj overdraft facility offers a credit limit of up to ₹55 Lakhs for personal or professional use, with higher limits available for business-specific categories based on eligibility.
Yes, you can use the Bajaj Finserv Flexi Loan calculator to estimate your interest-only payments or regular EMIs based on your utilized limit and chosen tenure.
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