Bajaj Finance has enhanced its personal loan offering by introducing an extended repayment tenure of up to 108 months (9 years). This move is designed to give customers greater flexibility in managing their finances. With longer tenures, borrowers can opt for lower monthly instalments that align better with their budget.

Bajaj Finserv Personal Loan

A personal loan from Bajaj Finance is designed to help people manage both planned and urgent expenses. Whether it is a medical emergency, a family wedding, travel plans, or home repairs, customers can access funds quickly without pledging any collateral. The company continues to focus on providing reliable financial support through simple processes.

Flexible loan amount and extended repayment tenure 
The newly introduced 108-month repayment tenure is a key enhancement in the Bajaj Finserv Personal Loan. The repayment tenure has been extended from 96 months (8 years) to 108 months (9 years), giving customers more time to repay their loan and helping reduce the monthly EMI burden. This can be especially useful for borrowers who want to manage large expenses without putting pressure on their monthly cash flow.

By offering a longer repayment window, Bajaj Finance allows customers to choose a tenure that fits their financial comfort. Those who prefer smaller instalments over a longer period now have more control over how they plan their repayment journey. At the same time, customers who wish to repay faster and potentially reduce their overall interest cost may continue to choose shorter tenures based on their needs, within the range of 12 months to 108 months.

Bajaj Finance offers a wide range of loan amounts to meet different financial needs. Customers can choose a loan amount starting from Rs. 40,000 up to Rs. 55 lakh. This flexibility allows individuals to borrow only what they need.

Quick approval and fast disbursal
Speed is an important factor when dealing with financial needs. Bajaj Finance focuses on providing quick approval for eligible applicants. The application process is simple and can often be completed online.

Once approved, funds are typically disbursed within 24 hours*. This quick access to money can be helpful during emergencies or urgent situations. Customers do not have to wait for long processing times or complicated paperwork.

A fast and efficient process ensures that borrowers can focus on solving their financial needs without unnecessary delays.

Competitive interest rates
Bajaj Finance offers competitive interest rates on personal loans, helping customers manage borrowing costs effectively. Customers are informed about the applicable personal loan interest rate before they apply. This helps them plan their monthly budget with confidence.

The interest rate typically ranges from 10% to 30% per annum, depending on factors such as income, repayment history, and credit profile. Competitive interest rate allows customers to choose a loan structure that fits their financial goals while keeping repayments comfortable over the selected tenure.

Collateral-free loan with minimal documentation
Another advantage of choosing a personal loan from Bajaj Finance is that it is a collateral-free loan. Customers do not need to provide property, gold, or any other asset as security. This reduces stress and makes the borrowing process more accessible.

The documentation requirements are also simple. In most cases, customers need to submit basic identity, address, and income details. Minimal paperwork helps speed up approval and makes the process convenient for working professionals, self-employed individuals, and small business owners.

This straightforward approach allows borrowers to apply with confidence and receive funds without complicated formalities.

Real-life use cases for a personal loan
A personal loan can support many types of financial needs. Some common situations where customers use these funds include:

• Medical emergencies: Covering hospital bills, treatment costs, or urgent care expenses

• Travel plans: Funding family holidays, pilgrimage trips, or international travel

• Weddings: Managing venue bookings, decorations, and other celebration expenses

• Education: Paying tuition fees, buying study materials, or enrolling in professional courses

• Home improvement: Repairing furniture, renovating rooms, or upgrading household appliances

These real-life uses show how a personal loan can provide financial support during important life events. Having access to funds at the right time can reduce stress and help families focus on their priorities.

While borrowing can be helpful, responsible financial planning is equally important. Bajaj Finance encourages customers to assess their income and expenses before applying for a personal loan. Choosing the right loan amount and tenure can prevent financial pressure in the future. Simple tools such as EMI calculators and repayment schedules can help borrowers understand their commitments clearly before taking a loan. 

The introduction of extending repayment tenure up to 108 months highlights Bajaj Finance’s continued focus on customer convenience and responsible lending. With flexible loan amounts, minimal paperwork, and fast disbursal, the company remains committed to providing reliable financial solutions that support customers at every stage of life.

Customers looking for funds for planned or urgent expenses can explore a personal loan from Bajaj Finance and benefit from a repayment structure designed for greater financial comfort.

Terms and conditions apply*

Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), 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 is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has 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 has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.