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Bajaj Finance Flexi Personal Loan

बजाज फाइनेंस फ्लेक्सी पर्सनल लोन

Bajaj Finance Flexi personal loan up to ₹40 Lakhs with interest charged only on utilized amount.

Max Loan Amount

₹50,000 to ₹40,00,000 (Flexi Hybrid Overdraft Facility)

Interest Rate

11.00% - 28.00% p.a. (risk-grade fixed)

Tenure

12 to 96 months (up to 8 years)

Processing Fee

Up to 3.93% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Bajaj Finance's signature Flexi hybrid loan variant functioning like an overdraft line where interest is charged solely on the drawn amount rather than the entire sanctioned limit.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Annual maintenance charges (AMC) of 0.25% to 0.50% + GST on the flexi limit. • High foreclosure penalty of 4.72% if closed within the initial loan term. • Substantial processing fee up to 3.93% deducted upfront from disbursement. • Broken period interest charged from sanction date to first billing cycle.

✦ Key Benefits & Features

• Pay interest ONLY on the amount utilized, not on the total sanctioned limit • Withdraw and part-prepay anytime through Bajaj Finserv app with zero part-payment fee • Longest market tenure up to 96 months (8 years) for manageable EMIs • Option to pay interest-only EMIs during the initial tenor.

✦ Prepayment, Part-Payment & Foreclosure Rules

Flexi Term Loan allows part-prepayment anytime with NIL extra charges; full foreclosure incurs 4.72% (inclusive of GST) on principal outstanding.

✦ Eligibility Requirements

Salaried corporate employees and professionals. Min Age: 21, Max Age: 68. Min Net Monthly Salary: ₹25,000 (city dependent). Min CIBIL: 720.

Min Age21 Years

Max Age68 Years

Min Monthly Income₹25,000

Min CIBIL Score720+

✦ Documents Required

• Identity Proof: PAN Card and Aadhaar Card • Employment Proof: Employee ID Card • Income Proof: Last 3 months payslips • Bank Statement: Last 3 months salary bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Log into Bajaj Finserv App > Loans > Flexi Personal Loan. Select withdrawal amount, OTP authenticate, and funds transfer in 20 minutes.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit bajajfinserv.in > Personal Loans > Flexi Loan. Enter mobile number, PAN, verify bank statements via Account Aggregator, and e-sign mandate.

Pathway C

Branch Walk-In Application

1. Visit nearest Bajaj Finserv branch with 3 months salary slips, KYC, and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Bajaj Finserv Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Bajaj Finance Flexi Personal Loan

How does Flexi Personal Loan work?

A loan limit is assigned; you can draw and prepay funds as needed, paying interest solely on the active balance.

Are part-payments free?

Yes, part-prepayments on the Flexi variant attract zero prepayment fees.

What is the maximum tenure?

Up to 96 months (8 years).