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Loan Details
Bank Name
Bajaj Finance
Minimum Loan Amount
INR 35,00,000
Interest Rate
11% for credit score of 850+. Interesr rate goes upto 35% for individuals with extremely low credit scrore.
Minimum CIBIL Score
Minimum Cibil Score 685+
Minimum Loan Tenure
84 Months
Bajaj Finance Flexi Personal Loan
Fees and Charges
- Processing Fee: 3.93% of the loan amount.
- Flexi Fee of INR 1,999 for loan amounts less than 2,00,000. Flexi fee of 3,999 for loans between 2 and 4 lakhs.
- Flexi fee of 5,999 for loans between 4 and 6 lakh. F
- Flexi fee of 7,999 for loans between 6 and 10 lakhs.
- Flexi fee of 8,999 for loans between 10 and 15 lakhs, flexi fee of 9,999 for loans between 15 and 19 lakhs.
- Flexi fee of 8,999 for loans between 10 and 15 lakhs,
- Flexi fee of 9,999 for loans between 15 and 19 lakhs.
- Flexi fee of 10,999 for loans between 20 and 24 lakhs.
- Flexi fee of 11,999 for loans between 25 and 30 lakhs.
- Flexi fee of 12,999 for loans above 30 lakhs.
- Full prepayment charges 4.72% of the loan amount.
- Penal Interest: Original interest + 3.5%. Annual maintainence charges: 0.295%. Bounce charges INR 700-1200 per bounce.
- Mandate Registration Charges INR: 1; Mandate Bounce Charges: INR 450 per rejection.
Eligibility
- Any Indian resident above 21 and younger than 67 at the time of end of the loan tenture.
- Minimum monthly salary of INR 25,000.
Special Concession
No.
Fees, Eligibility and Concession
Pros
- Flexi loan allows for part payment without payment of penalty.
- Quick speed of disbursement. Complete.
- Digital process.
- No guarantor or collateral is require.
- Price is lower in comparison to personal loan offered by other NBFCs. Loan can be used for any purpose.
Cons
- Interest rate is higher than that charged by banks. Flexi fees reduces the 'no-penalty' attraction of flexi loan.
Pros and Cons
Purpose
Loan amount can be used for any purpose.
Special Features
In case of flexi loan in case of prepayment no penalty will be levied.
Purpose and Features
How to Apply?
You can apply online on Bajaj Finance's website or app.
Documents Required
- KYC documents(identity proof and address proof).
- Salary slips of last 3 months.
- Employee ID card. Bank account statement of the previous three months.
Account Opening and Procedures
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-10T05:16:32.023715+00:00. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
