Bajaj Finance (Bajaj Finserv) Personal Loan Foreclosure Charges (2026)
Bajaj Finance's published schedule lists a foreclosure charge of up to 4.72% including applicable taxes for Term Loans. Part-payment and foreclosure terms differ by variant: the schedule lists no charge for Flexi part-payments, while Term Loan part-payments may be charged. Check the exact product, fee base, and current quote before paying.
Bajaj Finance personal loan foreclosure charges at a glance
| Foreclosure charge | Up to 4.72% (incl. taxes) of outstanding on Term Loans; Flexi variants differ |
|---|---|
| Part-prepayment | Term Loan part-prepayment: up to 4.72% (including applicable taxes) of the amount prepaid. Flexi variants: part-payments may be made without a charge under the published schedule; confirm the exact variant. |
| Lock-in / when allowed | Foreclosure typically allowed after the first EMI clears — see loan agreement. |
| Official fee schedule | Bajaj Finance — Personal Loan Foreclosure Charges · verified 2026-10-06 |
Charge breakdown
- Term Loan: up to 4.72% (inclusive of applicable taxes) of the outstanding amount on the day of foreclosure.
- Flexi variants have product-specific foreclosure charges; check the fee schedule and loan agreement for the amount used as the fee base.
Check the current RBI rule for your lender[RBI Master Directions index]
RBI prepayment-charge instructions are set out in lender-category-specific Master Directions. For covered floating-rate loans to individuals for non-business purposes, charge eligibility depends on the applicable direction, loan dates, and rate type on the prepayment date. Check the direction for your lender and your loan documents.
The standalone RBI prepayment notification issued in 2025 has been withdrawn. Prepayment-charge instructions are set out in lender-category-specific Master Directions. Find the direction for your lender and check its scope against the sanction or renewal date, borrower type, loan purpose, rate type, and loan documents.
Waivers & exceptions
- Flexi Loan part-payments are free — only full foreclosure attracts the charge.
How to foreclose a Bajaj Finance personal loan
Use the Bajaj Finserv app/customer portal to generate the foreclosure quote, pay online, and download the NOC.
How to compare a foreclosure quote
Request the lender's dated closure quote and compare it with the future payments under your current schedule. A simple estimate is (scheduled EMI × remaining payments) − current principal, but it assumes the EMI and rate stay unchanged and excludes other fees or insurance. Include all quoted charges and taxes, and consider the value of keeping the cash available. This arithmetic is a screening estimate, not a substitute for the lender's settlement figure.
Worked example
Suppose 12 scheduled EMIs of ₹45,000 remain. Those payments total ₹5,40,000. If the lender's dated closure quote, including applicable charges and taxes, is ₹5,10,000, the nominal cash outflow difference is ₹30,000.
This is only a screening comparison: it does not account for the time value of cash, insurance refunds, or other costs that are not included in the quote.
Related tools & guides
Sources & References
Legal basis: RBI (Pre-payment Charges on Loans) Directions, 2025 (issued 2 July 2025, applicable to loans sanctioned or renewed on or after 1 January 2026); individual bank fee schedules as published.
Official sources
Last verified against official sources: July 2026. Figures are researched from the government sources above and checked before publishing. See our Editorial & Verification Policy.
This page is for informational and educational purposes only. Charges are researched from the lender's published fee schedule and can change at the lender's discretion — always confirm against your sanction letter and the bank's current schedule before acting. This is not financial advice.
Frequently Asked Questions
What is the Bajaj Finserv personal loan foreclosure charge in 2026?
The published schedule lists up to 4.72% including applicable taxes of the outstanding amount for Term Loans. Flexi variants have separate foreclosure terms; check the fee base in your agreement and request a dated quote.
Are Bajaj Finserv Flexi Loan part-payments really free?
The published schedule lists no charge for part-payments on Flexi variants, while Term Loan part-payments may be charged. Confirm the exact variant and current terms in your loan agreement.
How do I foreclose a Bajaj Finance personal loan?
Use the lender's current app, portal, or service channel to request a dated quote. Confirm the fee, payment deadline, and closure documents for your variant before paying.
Does the RBI 2026 rule cover Bajaj Finance personal loans?
RBI prepayment-charge instructions are set out in lender-category-specific Master Directions. For this loan, check the direction that applies to NBFCs and confirm the loan dates, purpose, rate type, and contract terms.