Revised maximum loan amount expands borrowing options for eligible customers, with collateral-free loans, repayment tenures of up to 108 months and a digital application process
PUNE, (Economy India): Bajaj Finance has increased the maximum loan amount under its personal loan offering from ₹55 lakh to ₹75 lakh, expanding access to funds for eligible customers seeking financing for major personal expenses.
The revised limit represents an increase of ₹20 lakh in the maximum available loan amount and gives qualifying borrowers greater flexibility to meet significant financial requirements.
According to the company, the personal loan offering features a collateral-free structure, flexible repayment options and a fully digital application process. Customers can access repayment tenures of up to 108 months, subject to eligibility criteria and applicable terms and conditions.
Personal Loan Limit Increased to ₹75 Lakh
With the revised ceiling, eligible customers can now apply for personal loans of up to ₹75 lakh, compared with the earlier maximum of ₹55 lakh.
The higher borrowing limit is intended to provide greater financial flexibility to customers managing substantial personal expenses. The actual loan amount offered will depend on the applicant’s eligibility and the lender’s applicable assessment criteria.
Collateral-Free Loans with Repayment Tenure of Up to 108 Months
Bajaj Finance’s personal loan offering does not require borrowers to provide collateral. The company also provides repayment tenures of up to 108 months, allowing eligible customers to choose a repayment period in accordance with the available loan terms.
The revised maximum loan amount, combined with flexible repayment options, expands the range of borrowing choices available through the product.
Digital Application Process
The personal loan application process is digital, enabling customers to apply online. Loan approval and disbursal remain subject to the company’s eligibility requirements and applicable terms and conditions.
Key Details of Bajaj Finance Personal Loan
| Particulars | Details |
|---|---|
| Lender | Bajaj Finance |
| Earlier maximum loan amount | ₹55 lakh |
| Revised maximum loan amount | ₹75 lakh |
| Increase in maximum limit | ₹20 lakh |
| Loan structure | Collateral-free |
| Maximum repayment tenure | Up to 108 months |
| Application process | Digital |
| Eligibility | Subject to lender’s terms and conditions |
Greater Borrowing Flexibility for Eligible Customers
The increase in the personal loan ceiling expands the maximum funding available to eligible borrowers through Bajaj Finance’s personal loan offering. The product combines a higher borrowing limit with collateral-free financing, flexible repayment options and digital application facilities.
The company said the revised maximum amount gives eligible customers greater access to funds for major personal expenses, subject to applicable eligibility requirements and loan terms.
(Economy India)
