Announcement

Bajaj Finance Ltd, a subsidiary of Bajaj Finserv Ltd and an RBI‑registered NBFC‑D, announced that its unsecured personal loan product now allows repayment tenures of up to 108 months, in addition to the existing 12‑month minimum.

Loan Features

  • Eligible borrowers can obtain loan amounts ranging from Rs 40,000 to Rs 55 lakh.
  • Interest rates are quoted between 10 % and 30 % per annum, with the exact rate determined by the borrower’s credit score, monthly income, employment profile, existing obligations, loan size and chosen tenure.
  • The loan is collateral‑free and can be used for medical emergencies, home renovation, education, travel, weddings or other planned and urgent expenses.
  • Quick approval is promised, and funds are typically disbursed within 24 hours of approval, subject to terms and conditions.

Personal Loan Calculator

The company introduced an online Personal Loan Calculator that enables customers to:

1. Enter the desired loan amount.

2. Select a repayment period between 12 and 108 months.

3. Choose an applicable interest rate.

The tool instantly displays the estimated monthly EMI and the total repayment amount, allowing borrowers to compare multiple scenarios and align the EMI with their monthly budget.

Application Process

Prospective borrowers can complete the entire application online by checking eligibility, providing personal and employment details, uploading identity proof, address proof, PAN, bank statements and income documents, selecting the loan amount and tenure, and submitting for verification.

Additional Corporate Information

Bajaj Finance Ltd is a deposit‑taking NBFC classified as NBFC‑Investment and Credit Company (NBFC‑ICC). It serves a diversified portfolio across retail, SME and commercial segments, with a customer base of 69.14 million across urban and rural India. The company holds an AAA/Stable long‑term credit rating, A1+ short‑term rating, and CRISIL and ICRA AAA/Stable ratings for its fixed‑deposit programme; S&P rates it BB+/Positive long‑term and B short‑term.

*Terms and conditions apply.