Skip to main content
campaignLive Updates
fiber_newNew LaunchICICI Bank unveils 1838 Reserve ultra-luxury credit card with 0% forex markup, Quorum Club access & Lohono Stays villa stay•trending_downDevaluation AlertAmEx Platinum Travel Sept 10 revision cuts ₹1.9L milestone & bonus MR; domestic lounge gated to ₹1L/qtr from Oct 1•trending_upRevaluationIDFC FIRST Bank announces universal 0% Forex Markup across all credit cards with international rewards sunset on Oct 26•fiber_newNew LaunchICICI Bank unveils 1838 Reserve ultra-luxury credit card with 0% forex markup, Quorum Club access & Lohono Stays villa stay•trending_downDevaluation AlertAmEx Platinum Travel Sept 10 revision cuts ₹1.9L milestone & bonus MR; domestic lounge gated to ₹1L/qtr from Oct 1•trending_upRevaluationIDFC FIRST Bank announces universal 0% Forex Markup across all credit cards with international rewards sunset on Oct 26•
CREDSUTRA

↑ ↓ Navigate↵ Select
Bajaj FinservPersonal LoansFixed Interest Rate

Bajaj Finserv Flexi Personal Loan

Flexi Hybrid facility: Withdraw and prepay anytime, pay interest only on utilized amount · Longest personal loan tenure of up to 96 months (8 years) · Instant disbursement directly to bank account within hours

Starting rate11.00%p.a. onwards
Max LTV100%Asset value
Max tenure8 years96 months
Customize this example for your borrowing needs.
Customize repaymentApply on Bajaj FinservBank site · opens in a new tab
Mathematical Grounding

True Cost & Day-1 Cash Breakdown

Representative scenario for ₹5,00,000 loan over 8 years at CIBIL 750+.

Day-1 Upfront Cash Outflow₹9,440

This cash must be paid out-of-pocket before disbursement and is not added to your loan EMI.

Processing Fee₹8,000
18% GST₹1,440
Legal & Valuation₹0
Estimated Monthly EMI₹7,854Per month for 96 installments
Total Lifetime Interest₹2,53,984Net interest outgo over 8 years
Total Lifetime Outgo (Principal + Interest + Day-1 Cash):₹7,63,424
CredSutra Intelligence

Decision Verdict & Mathematical Edge

Our algorithmic evaluation balances starting benchmark spreads against upfront processing loads and fine print restrictions.

Maths for it

  • +Reputable lending network of Bajaj Finserv with predictable servicing and flexible tenures.
  • +Overdraft facility available: Park surplus liquidity to reduce daily interest liability without lock-in.
  • +RBI-mandated 0% prepayment penalty: Accelerate principal amortization without exit penalties.

Maths against

  • −Processing fee of 2.5% (cap ₹8,000) + 18% GST adds to initial disbursement overhead.
  • −Self-employed applicants face a +60 BPS (0.60%) risk adjustment spread over base card rates.
  • −Steep CIBIL risk pricing ladder: Borrowers scoring below 700 may be charged up to 18.00%.
Customize this scenario
Credit Score Sensitivity

CIBIL Tier Rate Ladder

Self-employed risk loading: +60 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEst. monthly EMI (₹5,00,000)
750 – 900Prime borrower11.00% – 13.50%11.60% – 14.10%₹7,854
700 – 749Good standing13.50% – 15.50%14.10% – 16.10%₹8,544
650 – 699Standard / fair15.50% – 18.00%16.10% – 18.60%₹9,118
Contract Details

Contract Fine Print & Clauses

Rate Reset Frequency

Fixed rate contract with revolving credit line limits

Overdraft / Smart Saver Facility

Available (Enables interest reduction on parked savings)

RBI 0% Foreclosure Penalty Mandate

Under RBI Master Directions, no bank, HFC, or NBFC can charge prepayment penalties or foreclosure charges on floating rate term loans sanctioned to individual borrowers.

Bank notes: Foreclosure allowed after first EMI; nil part-prepayment charges under Flexi hybrid model.

Borrower Verification

Eligibility Highlights

  • Salaried individuals employed with MNCs, public, or private companies
  • Minimum monthly income ₹22,000
  • Age 21 to 80 years
Loan amount range

₹50,000 up to ₹40,00,000

Lender Alternatives

Compare alternatives in Personal Loans

Compare this category
Axis Bank

Axis Bank Personal Loan

Starting at 10.49% p.a.
Read review
HDFC Bank

HDFC Bank Personal Loan

Starting at 10.50% p.a.
Read review
ICICI Bank

ICICI Bank Personal Loan

Starting at 10.75% p.a.
Read review

Frequently Asked Questions

What is the current interest rate and benchmark spread for Bajaj Finserv Flexi Personal Loan?
Bajaj Finserv Flexi Personal Loan offers interest rates starting from 11.00% up to 18.00% p.a., structured as Fixed Interest Rate.
Are there prepayment or foreclosure charges on Bajaj Finserv Flexi Personal Loan?
Under RBI Master Directions, banks and lending institutions are strictly prohibited from charging prepayment or foreclosure penalties on floating-rate retail loans to individual borrowers. Foreclosure allowed after first EMI; nil part-prepayment charges under Flexi hybrid model.
What is the Day-1 upfront cash requirement for Bajaj Finserv Flexi Personal Loan?
For a representative principal of ₹5,00,000, the total Day-1 upfront cash outflow is approximately ₹9,440, comprising ₹8,000 processing fee + ₹1,440 GST (18%) + ₹0 estimated legal and valuation inspection charges.

These loan records do not include a verification date. Check the lender’s current terms before applying.

Official Sources & Citations
Sources
  • bajajfinserv.in
  • RBI Master Directions for Non-Banking Financial Companies (NBFCs)
  • RBI Regulatory Framework for Retail Loan Interest Rate Resets