Bajaj Finance Overdraft Personal loan – Interest rates 2024, emi eligibility

Get hassle free approval of overdraft Personal Loans up to 25 lakh, With Bajaj Finance Personal Loans, check benefits of overdraft loan over the regular personal loan.

Overdraft Personal Loan- It works like a overdraft account. Customer has the freedom to part prepay as well as withdraw within the Line assigned as per convenience.

Please find below the brief synopsis of our product Special features

FLEXI OD SALARIED LOANS

  1. Net salary required 40k
  2. Higher loan amount 25 lakh
  3. Maximum saving by paying Interest only on utilized amount
  4. 1st pre payment after 36 hours of disbursement
  5. Unlimited transaction of pre payment
  6. Minimum pre payment can be done with Rs 100 only
  7. Flexibility to transact (prepay & draw down) in your loan a/c as per your cash requirement
  8. First ever online access of loan
SALARIED VALUE PLUS LOAN

  1. Net salary required 40k
  2. Higher loan amount 25 lakh
  3. 1st partial payment after 1st emi
  4. Minimum partial payment Emi*3 & Six times in a year
  5. First ever online access of loan
  6. Free Emi card

PLOC Features

  • Fixed credit line for a year (operates like OD/CC limit) – No Drop-line.
  • Renewal options after every year for same / enhanced amount.
  • Option to convert outstanding into a normal term loan at the end of PLOC period.
  • No limit on number of part payments. No charges for Part prepayments.
  • No charges for withdrawal.
  • No Collateral / Security required.

Term Loan Vs PLOC?

Parameter Term loan PLOC
Loan amount 1000000 1000000
ROI 16% 16%
Tenor 60 months 12 months
Monthly cash flow EMI of 24318 Interest of 12333
Yearly cash flow 24318 X 12 = 291816 12333 X 12 = 159996
Part payments 200000 200000
EMI post part payment 19454 10667
Amount available for withdraw Nil 200000
Part prepayment frequency 6 time / year No limit
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