CNN Central News & Network-ITDC India Epress/ITDC News Bhopal: Bajaj Finance offers personal loans ranging from ₹40,000 to ₹55 lakh, with flexible repayment tenures of up to 108 months, according to the company’s official website.
The personal loan is an unsecured credit facility, meaning eligible borrowers are not required to provide collateral. The loan can be used for various personal requirements, including medical expenses, home renovation, education, weddings, travel and debt consolidation, subject to the applicable terms and conditions.
Bajaj Finance currently lists personal loan interest rates ranging from 10% to 30.5% per annum, with the applicable rate depending on the applicant’s profile and eligibility. The company states that applicants generally need a CIBIL score of 650 or above, while other eligibility conditions include age, employment and income-related criteria.
The repayment period can range from 12 months to 108 months, allowing borrowers to select a tenure based on their repayment capacity and loan terms. The company offers Term Loan and Flexi Loan variants, with features and applicable charges varying by the selected product.
Bajaj Finance says the application process can be completed online without visiting a branch. Applicants can check their eligibility, enter personal and financial details, review the loan offer and complete KYC verification digitally. For eligible customers, the company states that approved funds can be disbursed within 24 hours, subject to verification and applicable terms.
The final loan amount, interest rate, tenure and approval remain subject to the applicant’s eligibility and Bajaj Finance’s applicable policies and terms.
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