Extended Repayment Tenure of Up to 108 Months Now Available
Bajaj Finance has enhanced its personal loan offering by introducing a repayment tenure of up to 108 months. This extended tenure allows eligible borrowers greater flexibility in planning their repayments while addressing various financial needs. Customers can apply for a collateral-free loan ranging from Rs. 40,000 to Rs. 55 lakh, with a personal loan interest rate starting from 10% per annum.
Flexible Repayment Options for Borrowers
The Bajaj Finance Personal Loan now offers a repayment period ranging from 12 months to 108 months. This wider range enables borrowers to select an EMI that fits their monthly budget. A longer tenure can reduce monthly repayment obligations, making it easier to manage finances without compromising other commitments. Customers can choose a repayment period based on their borrowing needs and capacity.
Why the Extended Tenure Matters
The extended tenure supports better financial planning, especially for customers borrowing higher amounts. Instead of opting for shorter repayment schedules with higher EMIs, eligible borrowers can spread repayments over a longer period. This flexibility helps manage monthly cash flow, plan large expenses with confidence, choose EMIs aligned with financial goals, and reduce repayment pressure.
Who Can Benefit from the Loan
The Bajaj Finance Personal Loan is suitable for salaried and self-employed individuals needing funds for significant personal expenses such as medical emergencies, home renovation, wedding expenses, higher education, travel, or other planned costs. With loan amounts from Rs. 40,000 to Rs. 55 lakh, customers can select an amount matching their requirements.
Interest Rate Details
The personal loan interest rate starts from 10% per annum and can go up to 30% per annum, depending on factors like customer profile, eligibility, credit assessment, and other lending criteria. The loan is unsecured, meaning no collateral or asset pledge is required.
Simple Application Process
The application process is designed for convenience. Eligible customers can apply online by following these steps:
- Check loan eligibility: Enter the required loan amount and select the preferred repayment tenure, then click 'CHECK LOAN OFFER' to view available offers.
- Enter personal details: Provide personal, financial, and employment details to receive a personalised loan offer.
- Review the loan offer: Adjust loan amount or tenure if available to suit financial needs.
- Complete KYC verification: Finish the KYC process and verify bank account details for loan disbursal.
- Application review: A Bajaj Finance representative will contact the customer for next steps.
Key Features of the Bajaj Finance Personal Loan
- Loan amount from Rs. 40,000 to Rs. 55 lakh
- Repayment tenure from 12 months to 108 months
- Interest rate from 10% to 30% per annum
- Collateral-free financing
- Minimal documentation
- Quick approval process
- Funds may be disbursed within 24 hours for eligible applicants
Customer-Focused Lending Solution
The Bajaj Finance Personal Loan is built around convenience, flexibility, and responsible lending. By offering flexible repayment options, competitive interest rates, and a straightforward digital application process, Bajaj Finance supports diverse financial requirements. Customers looking for a collateral-free loan with flexible repayment options can check eligibility online and begin the application process in a few simple steps. Terms and conditions apply.
About Bajaj Finance Limited
Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and classified as an NBFC-Investment and Credit Company (NBFC-ICC). It is engaged in lending and deposit acceptance, with a diversified portfolio across retail, SMEs, and commercial customers in urban and rural India. The company has a franchise of 69.14 million customers and holds the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It also has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global Ratings.
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