Bajaj Finance (Bajaj Finserv) Personal Loan Foreclosure Charges (2026)
Bajaj Finance charges up to 4.72% (inclusive of taxes) of the outstanding amount to foreclose a Term personal loan, and the same rate on any part-prepayment. Flexi Loan variants flip the economics: part-payments are free, any number of times — only full foreclosure attracts the charge. Here is the schedule and how to run the numbers.
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% (incl. taxes) of the amount prepaid. Flexi Loan variants: part-payment any number of times at no charge. |
| Lock-in / when allowed | Foreclosure typically allowed after the first EMI clears — see loan agreement. |
| Official fee schedule | Bajaj Finserv Personal Loan — Fees & Charges · verified 2026-07-04 |
Charge breakdown
- Term Loan: up to 4.72% (inclusive of applicable taxes) of the outstanding amount on the day of prepayment
- Flexi Term/Hybrid Flexi: foreclosure charge applies on the sanctioned/available limit per schedule
The RBI 2026 rule: when foreclosure is free by law[RBI Directions 2025]
RBI (Pre-payment Charges on Loans) Directions, 2025: no pre-payment/foreclosure charges on floating-rate loans to individuals for non-business purposes, for loans sanctioned or renewed on or after 1 January 2026. Fixed-rate personal loans remain outside this protection — bank-specific charges apply.
Check your sanction letter: if your Bajaj Finance personal loan is floating-rate and was sanctioned or renewed on or after 1 January 2026, the bank cannot charge you anything to prepay or foreclose it. The charges on this page apply to fixed-rate loans — which most personal loans are.
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.
Is foreclosing worth it after the charge?
Compare the remaining interest you would pay by continuing EMIs against the foreclosure charge + GST payable today. Remaining interest = (EMI × months left) − principal outstanding. If the interest saved exceeds the charge, foreclosing saves money.
Worked example
₹3,00,000 outstanding at 14% with 24 EMIs left ≈ ₹46,000 future interest. A 4% + GST foreclosure charge costs ≈ ₹14,160.
Net saving from foreclosing today ≈ ₹46,000 − ₹14,160 = ₹31,840 — foreclosure wins comfortably. The closer you are to the end of tenure, the smaller the interest saving, so re-run the numbers before paying the charge.
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?
Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount on the day of prepayment, for Term Loans. Flexi variants apply the charge on the sanctioned/available limit per the schedule.
Are Bajaj Finserv Flexi Loan part-payments really free?
Yes — Flexi Term and Hybrid Flexi variants allow part-payment any number of times at no charge. Only full foreclosure attracts the published fee.
How do I foreclose a Bajaj Finance personal loan?
Generate the foreclosure quote in the Bajaj Finserv app or customer portal, pay online, and download the NOC — the process is fully digital.
Does the RBI 2026 rule cover Bajaj Finance personal loans?
Yes, RBI's Pre-payment Charges Directions 2025 cover NBFCs too: floating-rate loans to individuals for non-business purposes, sanctioned or renewed on or after 1 January 2026, carry no prepayment charge. Fixed-rate Term Loans follow the published schedule.