Bajaj Finserv in your state

Located in eastern India, West Bengal is rich in history, culture, food, education, music, tourism and industry. The state has the sixth-largest economy in India.

Residents seeking additional financial support can take a personal loan in West Bengal from Bajaj Finance. Approach any of our branches in the state or apply online to get your instant personal loan in West Bengal.

Features of an instant personal loan in West Bengal

  • Loans of higher value

    Loans of higher value

    Get funds of up to Rs. 55 lakh and cover various expenses from medical emergencies to home renovation.

  • Submit basic documents

    Submit basic documents

    You only have to submit your salary proof and KYC documents to process the loan in West Bengal.

  • Transparency

    Transparency

    Our 100% transparent policy means zero hidden charges. You only pay the charges mentioned.

  • Get the money in your account

    Get the money in your account

    Receive the sanctioned loan amount directly in your account after approval and put it to use immediately.

  • Pre-approved offers

    Pre-approved offers

    Enter your name and phone number to check your pre-approved offers.

  • Flexi loan

    Flexi loan

    Take advantage of the unique Flexi loan facility and reduce your EMIs by up to 45%*.

  • Approval in minutes*

    Approval in minutes*

    For instant approval, submit the loan application online with accurate details.

  • Convenient tenor

    Convenient tenor

    Use the personal loan EMI calculator to know your outflow and choose a tenor of up to 96 months to repay.

  • Online account facility

    Online account facility

    The online account management facility on our portal, Experia, keeps you updated about your loan 24x7.

West Bengal’s economy is primarily based on agriculture and small enterprises. Some of the principal crops cultivated in the state are rice, sugarcane, potato, tea and wheat. The capital city, Kolkata, is home to major small and large manufacturing industries, including electronics, cables, engineering products, steel, textiles, railway coaches, leather and jewellery.

Considering the diverse needs of the people of West Bengal, Bajaj Finance offers instant personal loans in West Bengal with exclusive features. As a borrower, you can select your preferred tenor of up to 96 months and repay in small, manageable EMIs. Also, our account management facility helps you stay updated about the loan details 24/7.

Also read: Instant personal loan for Women

*Conditions apply

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Eligibility criteria to apply for instant personal loans in West Bengal

Learn more about the eligibility criteria and documents required to make an informed decision.

  • Age

    Age

    Between 21 years to 80 years*. 80 years* or younger, at the end of the loan tenure.

  • Employment status

    Employment status

    Salaried employee of a public/ private company or an MNC

  • Nationality

    Nationality

    Indian (residing in the country)
  • CIBIL score

    CIBIL score

    685 or above

  • Income

    Income

    It varies according to your city of residence. Check the city list to know the requirement for your city

Apart from meeting the eligibility criteria, you need to submit a few essential documents like your identity proof, address proof, income proof, etc. Use our Bajaj Finserv personal loan calculator to check the maximum amount you can qualify for. This increases your chances of approval for instant personal loans in West Bengal.

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Current Interest Rate on Personal Loans

Use the interest calculator to get accurate repayment details based on the latest rates for a wedding loan. It helps you plan better and manage your loan effortlessly for your special day.

Type of fee

Applicable charges

Rate of interest

10% to 31% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Facility Charge

Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the above Flexi facility charges are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Bounce charges

Rs. 700 - Rs. 1,200 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Pre-payment charges

Full Prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment.

Part-prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.

*Foreclosure will be processed post clearance of first EMI

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken period interest / Pre-monthly Instalment interest

Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:

EMI Date : 2nd
Scenario 1: If Loan is disbursed on 1st or post 10th of the month:

For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement
For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment

Scenario 2: If Loan is disbursed between 3rd and 10th of the month:
First instalment will consist of interest for actual number of days
Principal Holiday Facility Fees
  • Up to Rs.1999/- for loan amount less than Rs.2,00,000
  • Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
  • Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
  • Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
  • Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
  • Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
  • Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
  • Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
  • Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

*(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

Frequently asked questions

How much salary is required to apply for an instant personal loan in West Bengal?

You need a minimum salary of Rs. 25,001 to apply for our personal loan.

Can I apply for an instant personal loan in West Bengal with a cash salary?

You can get our personal loan even if you get your salary in cash.

Can I get an instant personal loan in West Bengal without salary slips?

You need to submit salary slips to get our personal loan. Select existing customers may get our Insta Personal Loan without having to submit any documents, such as salary slips.

What is the disbursal time for instant personal loan in West Bengal?

You can get our personal loan within 24 hours*.
*T&C apply

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