Types of Bajaj Finserv Personal Loans
Bajaj Finserv offers two distinct personal loan options to suit different financial needs:
1. Standard Term Loan
- The full loan amount is disbursed in one go.
- Repayment of both principal and interest starts from the first month.
- Best suited for those who need immediate access to funds and can manage fixed monthly EMIs.
2. Flexi Loan
- Pay only the interest component as EMI during the initial period, reducing the EMI burden by up to 45%.
- Withdraw funds as needed without reapplying for a new loan.
- Interest is charged only on the amount utilized, making it highly flexible for varying cash flow needs.
EMI Calculation for Bajaj Finserv Personal Loan
EMI is calculated using the formula:
EMI = [P × R × (1+R)N] / [(1+R)N - 1]
- P = Loan amount
- R = Monthly interest rate (annual rate ÷ 12)
- N = Loan tenure in months
Alternatively, use the Bajaj Finserv Personal Loan EMI Calculator to instantly find out your monthly EMI based on loan amount, interest rate, and tenure.
Why Choose Bajaj Finserv Personal Loan?
Bajaj Finserv personal loans combine speed, flexibility, and transparency. Whether it’s for a medical emergency, home renovation, wedding expenses, or travel, you
can count on competitive interest rates, quick disbursal, and the convenience of flexible repayment options. Use their online eligibility and EMI calculators for a smooth, informed application process.
Frequently Asked Questions (FAQs)
- Is collateral required for a Bajaj Finserv personal loan?
No, Bajaj Finserv personal loans are completely unsecured. You do not need to pledge any collateral or provide a guarantor.
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How soon will I get the funds after approval?
Once approved, the loan amount is generally disbursed within 24 hours, making it one of the fastest personal loan options available
- What is the repayment tenure available?
You can choose a flexible repayment tenure ranging from 12 months to 60 months.
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How can I check my loan eligibility?
You can use the Bajaj Finserv Personal Loan Eligibility Calculator available online to instantly know your eligibility based on income, employment, and credit profile.