Can I lower my EMIs with Bajaj Finserv Flexi Personal Loan?

Yes! The Flexi Term Loan option allows you to pay only the interest component for the initial tenure, reducing your monthly EMI burden by up to 45%.

NBFC LENDERFlexi Facility

4.6(22,400+ reviews)

Bajaj Finserv Flexi Personal Loan

Flexi hybrid limit — pay interest only on what you withdraw

Interest Rate

11.00% - 28.00% p.a.

Monthly Reducing

Max Loan Limit

₹40 Lakhs

Collateral Free

Disbursal Time

20 minutes to 24 hrs

Direct to Account

Starting EMI

₹2175 / Lakh

For 5 Years Tenure

Repayment Tenure

Up to 8 Years (96 mos)

Flexible Repayment

Min CIBIL Score

685+

Higher = Lower Rates

Unique Flexi Hybrid facility allows lowering monthly EMIs by up to 45%

Withdraw funds anytime and prepay at zero penalty without restrictions

Pre-approved instant offers for existing Bajaj Finserv ecosystem customers

Zero CIBIL Impact Soft Check

100% Paperless DigiLocker e-KYC

Instant Pre-Approval

Apply for Bajaj Finserv Flexi Personal Loan

Disbursal in 20 minutes to 24 hrs • 0 CIBIL score hit.

Bajaj Finserv Flexi Personal LoanFrom 11% p.a.

GROFI EDITORIAL VERDICT

Why We Recommend Bajaj Finserv Flexi Personal Loan

Bajaj Finserv is India's largest non-banking financial conglomerate (NBFC), famous for its revolutionary Flexi Hybrid Personal Loan. Unlike traditional term loans where interest is charged on the entire sanction, the Flexi facility gives you an approved credit pool up to ₹40 Lakhs. You only pay interest on what you withdraw, can prepay anytime with zero penalty, and enjoy tenures up to 8 years (96 months).

Ideal Borrower Profile

Borrowers with variable cash flows who want flexi-withdrawal flexibility

Key Advantages & Product Highlights

Highlights

Unique Flexi Hybrid facility allows lowering monthly EMIs by up to 45%

Withdraw funds anytime and prepay at zero penalty without restrictions

Pre-approved instant offers for existing Bajaj Finserv ecosystem customers

Extended tenure up to 96 months for low repayment installments

All terms verified according to current RBI Master Directions on Fair Lending Practices.

BENCHMARK SCORE

Grofi Lender Rating

4.6/ 5.0

Disbursal Speed & Paperless e-KYC9.6 / 10

Interest Rate Competitiveness9.1 / 10

Loan Amount Sanction & Tenure9.6 / 10

Prepayment & Foreclosure Flexibility9.3 / 10

Unbiased Verification Guarantee

Grofi rigorously scores lenders across true annual percentage rate (APR), processing transparency, automated Account Aggregator speed, and customer grievance turnaround times.

REDUCING BALANCE CALCULATOR

Calculate Your EMI for Bajaj Finserv Flexi Personal Loan

Interest calculated strictly on a monthly reducing balance framework. Adjust the sliders to fit your monthly budget.

Loan Customization

Required Loan Amount

₹5,00,000

₹50,000Max: ₹40 Lakhs

Interest Rate (p.a.)

11.00%

Min: 11% (Best CIBIL)Max: 28% p.a.

Repayment Tenure

5 Years (60 Mos)

1 Year (12 Mos)8 Years (96 Mos)

Calculated Monthly EMI

₹10,871

For 60 months @ 11.00% p.a.

Principal Sanction Amount₹5,00,000

Total Interest Payable₹1,52,273

Total Amount (Principal + Interest)₹6,52,273

Est. Processing Fee (~3%)~₹15,000 + GST

Principal: 77%Interest: 23%

Soft inquiry does not impact your credit score.

TRANSPARENT SCHEDULE OF CHARGES

Fees & Charges Breakdown for Bajaj Finserv Flexi Personal Loan

Clear, upfront disclosures with zero hidden charges. Fully aligned with RBI Fair Lending guidelines.

Processing FeeONE-TIME

Up to 3.93% of loan amount

One-time non-refundable fee deducted directly from sanctioned loan disbursal

Foreclosure / Full Pre-closure Charges

Nil for Flexi Hybrid variant after 1st EMI

Applicable if you pay off the entire outstanding loan before the end of the sanctioned tenure

Part-Prepayment Facility

Unlimited free prepayments on Flexi variant

Allows you to reduce outstanding principal and save significantly on long-term interest

Mandatory Lock-in Period

Nil for Flexi variant

Minimum number of regular monthly EMIs required before prepayment or foreclosure is permitted

Annual Percentage Rate (APR)

11.80% - 29.50% p.a.

Comprehensive annualized cost of borrowing including base interest rate and processing fees

Cheque / NACH Bounce Charges

₹450 + GST

Levied by the lender if auto-debit fails due to insufficient account balance on EMI due date

State Stamp Duty & Documentation

As per State Stamp Act

Mandatory statutory government legal charge applicable for loan agreement execution

RBI Prepayment Fair Lending Mandate:As per Reserve Bank of India (RBI) guidelines, banks and NBFCs are not permitted to levy any foreclosure or pre-payment penalties on floating rate personal loans sanctioned to individual borrowers for non-business purposes.

Statutory Goods & Services Tax (GST):Government GST at the prevailing rate of 18% is applicable over and above all processing fees, bounce charges, and penal interest levied by the financial institution.

APPLICATION REQUIREMENTS

Eligibility & Paperless Documents for Bajaj Finserv Flexi Personal Loan

Verify your eligibility requirements and review the documents needed for 100% digital sanction.

Minimum Monthly Income

₹22,000 / month

Net in-hand monthly credited salary

Applicant Age Bracket

21 - 67 years

At the time of loan maturity

Employment Status

Salaried / Professional

Salaried professional at corporate, public, or private company

Work Stability Norm

Minimum 1 year total professional experience

Continuous employment track record

CIBIL Score Benchmark

685+ Recommended for Lowest Rates

Prime Approval

Applicants with scores above 750 receive instant preferential pricing from Bajaj Finserv Flexi Personal Loan starting from 11% p.a.

300 (Poor)650 (Fair)750 (Good)900 (Excellent)

100% Digital Document Checklist

Paperless verification available via DigiLocker and RBI Account Aggregator. Zero branch visits required:

Proof of Identity & Address

Aadhaar Card & PAN Card

Proof of Income

Latest 2 months salary slips

Bank Account Statements

Latest 3 months salary account statement

Employment Continuity Proof

Employee Identity Card

Zero CIBIL Impact Pre-Approval Check

OBJECTIVE EDITORIAL EVALUATION

Pros & Cons of Bajaj Finserv Flexi Personal Loan

An honest, transparent appraisal of key strengths and considerations before submitting your application.

What We Like (Pros)

4 Benefits

Pay interest only on funds actually utilized, lowering monthly outgo by up to 45%
Zero part-prepayment charges and instant re-withdrawal flexibility
Longest repayment tenure in the market up to 96 months (8 years)
High approval odds for credit scores starting from 685

Things to Keep in Mind (Cons)

2 Considerations

Higher processing charges up to 3.93% of sanction amount
Higher upper interest rate range (up to 28.00% p.a.) for moderate credit profiles

Independent Editorial Policy: Grofi never charges borrowers for loan recommendations. Our comparisons are completely objective.

FAST DIGITAL PROCESS

How to Get Disbursal from Bajaj Finserv Flexi Personal Loan

Experience an end-to-end digital lending journey designed for maximum speed, security, and convenience.

01Instant 30 Secs

Soft Eligibility Check

Provide your basic mobile number and PAN details. We check pre-approved loan offers with zero impact on your CIBIL score.

Zero branch visits

02100% Paperless

Paperless Digital e-KYC

Verify identity via DigiLocker Aadhaar OTP and fetch salary statement automatically via RBI-regulated Account Aggregator.

Zero branch visits

03Flexible Terms

Select Loan & Tenure

Choose your sanctioned amount up to ₹40 Lakhs and customize the repayment tenure up to Up to 8 Years (96 mos) to lock in a comfortable EMI.

Zero branch visits

0420 minutes to 24 hrs

Direct Account Disbursal

Sign the digital loan agreement via Aadhaar e-Sign. Funds are credited directly to your primary bank account in 20 minutes to 24 hrs.

Zero branch visits

Ready to Check Your Pre-Approved Limit?

Check your sanctioned limit for Bajaj Finserv Flexi Personal Loan in under 60 seconds with zero credit score impact.

GOT QUESTIONS?

Frequently Asked Questions About Bajaj Finserv Flexi Personal Loan

Everything you need to know about rates, paperless verification, disbursals, and prepayments.

Under the Flexi Loan facility, an approved limit (e.g. ₹10 Lakhs) is assigned to you. If you only withdraw ₹2 Lakhs, interest is calculated solely on that ₹2 Lakhs. You can prepay whenever you have surplus cash with zero penalty and withdraw again whenever required.

Answers verified from official lender schedule of charges.

ALTERNATIVE OFFERS