Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 - 60 months*
Bajaj Finserv Personal Loan
Bajaj Finserv is one of the top-notch non-banking financial company in India. It is a subpart of Bajaj Holdings & Investments Ltd. Bajaj Finserv is a multi-dimensional company focusing on wealth management, lending, insurance, and asset management. Different types of loans are provided by Bajaj Finserv depending on the varying needs of the customers such as business loan, personal loan, mortgage loan, loan against shares and much more. Bajaj Finserv Personal Loan is the most popular loan.
Bajaj Finserv Personal Loan is a multi-purpose and unsecured loan to meet any your urgent financial needs at any time of financial crunch. Not always you can rely on your friends and relative or depend on your savings. At that point of time, Bajaj Finserv Personal loan is your one-stop solution. Be it your closed one’s wedding, your child’s higher education, home renovation, any foreign trip or any medical emergency- Bajaj Finserv Personal Loan can resolve all your financial requirements.
Bajaj Finserv Personal Loan interest rate is very low. Also, the documentation to apply for Bajaj Finserv Personal Loan is also very easy and simple. The approval and disbursement of the loan are also very quick. In order to know the details of Bajaj Finserv Personal Loan application status, you can go for Bajaj Finserv Personal Loan login. After you satisfy for Bajaj Finserv Personal Loan eligibility criteria, your loan gets easily approved.
Why choose Bajaj Finserv Personal Loan?
Bajaj Finserv Personal Loan is an unsecured loan, i.e, you do not need to keep any security or collateral with the bank or NBFC against the loan. You can apply for Bajaj Finserv Personal Loan online which helps to avail instant approval of the loan. Bajaj Finserv Personal Loan documents required are very minimal and you do not have to undergo any complicated paperwork. Also, Bajaj Finserv Personal Loan rate of interest is quite competitive. To save your precious time, you can opt for Bajaj Finserv Personal Loan apply online. If you want to pre-close your loan, Bajaj Finserv Personal Loan foreclosure charge is very low.
Instant Approval Online
In this digital world, you can just easily opt for Bajaj Finserv Personal Loan apply online which will help you to get instant loan approval online which saves your time.
Personal Loan Application Online
Applicants can easily go for Bajaj Finserv Personal Loan application form online through which you can apply for a personal loan sitting in your home or office without waiting in long queues.
Competitive interest rate
Bajaj Finserv Personal Loan interest rate is very low and competitive which puts very less pressure in your pocket.
No collateral needed
When you avail Bajaj Finserv Personal Loan, you don't have to promise any collateral or mortgage against the loan. The personal loan of Bajaj Finserv is collateral free.
If you prepay the personal loan, Bajaj Finserv Personal Loan foreclosure charges are very minimal and do not put much pressure on the applicant.
Flexible Loan repayment tenure
Bajaj Finserv Personal Loan interest rate is very attractive and you can repay the loan in a flexible tenure. Bajaj Finserv Personal Loan repayment tenure ranges from 1 year to 5 years as per your convenience.
After the approval of personal loan, you can easily check Bajaj Finserv Personal Loan details like- Bajaj Finserv Personal Loan status tracking, Bajaj Finserv Personal Loan emi payment online, Bajaj Finserv Personal Loan repayment and much more from the online account.
Types of Bajaj Finserv Personal Loan
There are various categorization of Bajaj Finserv Personal Loan based on varying requirements and professions of different customers. Following are some of the types of personal loan as offered by Bajaj Finserv-
Personal Loan for Women
To provide financial aid to the women applicants, Bajaj Finserv has come up with an exclusive offer on personal loan for women. The loan repayment tenure is quite flexible and the loan gets disbursed within a day.
Personal Loan for Teachers
Teachers are given a very higher position in our society as they provide education which makes our society better. Bajaj Finserv has thus offered personal loan for teachers to help them overcome any financial liability.
Personal Loan for Government Employees
The government employees are offered with Bajaj Finserv Personal Loan exclusively for them which provides as a financial guard at times of any monetary requirement.
Personal loan for any medical emergency
Nobody can forecast medical emergency. At that point, you may not have sufficient cash to overcome that situation. With the help of Bajaj Finserv Personal Loan for a medical emergency, you do not have to worry about money.
Personal Loan for home renovation
Bajaj Finserv offers personal loan to renovate and reconstruct your house without worrying about the monetary matter.
Personal Loan for Travel
As the name suggests, Bajaj Finserv offers Personal Loan for your family vacation in India or abroad without disturbing your savings.
Features of Bajaj Finserv Personal Loan
Bajaj Finserv Personal Loan helps you to fulfill almost all your financial needs. Moreover Bajaj Finserv Personal Loan rate of interest is very competitive depending on your net take-home salary, your repayment history, job stability, CIBIL score, etc. Also, there are no hidden charges for Bajaj Finserv Personal Loan repayment or opting for Bajaj Finserv Personal Loan status check.
Following are some of the unique features of Bajaj Finserv Personal Loan-
No collateral needed
In order to avail Bajaj Finserv Personal Loan, you are not required to keep any mortgage or collateral with the lending institution.
45% lower EMI payment
If you opt for Bajaj Finserv flexi personal loan, you can pay a minimum of 45% lower EMIs with interest only EMIs. Moreover opting for a flexi personal loan from Baja Finserv, you can lend as per your requirement and as often without worrying about submitting any extra documents.
Bajaj Finserv Personal Loan eligibility criteria are very easy to satisfy. After you meet the eligibility criteria, Bajaj Finserv Personal Loan application status gets updated and gets approved quickly.
Bajaj Finserv Personal Loan documents required are very minimal and simple. You do not have to worry about lengthy paperwork for getting the loan.
Bajaj Finserv Personal Loan interest rate is quite low and attractive against the personal loan.
Access to online loan account
You can easily check Bajaj Finserv Personal Loan status, loan repayment schedule with the help of the online account.
The personal loan from Bajaj Finserv gets easily disbursed within 24 hours of your loan approval.
You can avail personal loan up to Rs. 25 lakhs to meet your financial needs.
Balance Transfer and top up loan
The facility of Bajaj Finserv Personal Loan balance transfer is available which helps to reduce your existing loan liability. Moreover, you can opt for Bajaj Finserv Personal Loan top up at the time of balance transfer to meet your requirement.
Customized personal loan products
To address the specific needs of the customers, Bajaj Finserv offers various loan products namely- durable finance personal loan. Flexi loan, digital product finance loan, lifestyle finance personal loan, medical emergency loan, etc.
Eligibility Criteria to apply for Bajaj Finserv Personal Loan
Bajaj Finserv Personal Loan eligibility criteria need to be fulfilled in order to get approved. You can check online for Bajaj Finserv Personal loan details.
Here, are the Bajaj Finserv Personal Loan eligibility criteria-
Minimum and maximum age limit to apply for Bajaj Finserv Personal Loan ranges between 23 and 58 years respectively.
Applicant must be an Indian citizen for meeting Bajaj Finserv Personal Loan eligibility criteria.
To apply for Bajaj Finserv Personal Loan, you must be a salaried individual working in any private or public sector company, MNC.
The salary slab is a very important eligibility criterion which also affects Bajaj Finserv Personal Loan rate of interest. The salary scale varies depending on your residential city. The minimum net income salary of the applicant must be-
- Rs. 35,000 per month- for Mumbai, Bangalore, Pune, Chennai, Delhi, Hyderabad, Ghaziabad, Coimbatore, Thane, Noida
- Rs. 30,000 per month- for Kolkata, Ahmedabad
- Rs. 28,000 per month- Nagpur, Jaipur, Surat, Chandigarh, Cochin
- Rs. 25,000 per month- Rajkot, Goa, Calicut, Lucknow, Jodhpur, Baroda, Vijayawada, Indore, Vapi, Bhubaneswar, Trivandrum, Vizag, Trichy, Nasik, Raipur, Aurangabad, Kolhapur, Madurai, Jamnagar, Mysore, Bhopal.
Bajaj Finserv Personal Loan cibil score must be above 750.
Bajaj Finserv Personal Loan eligibility is summarized in the tabular format.
|Minimum Net take home Salary||Rs. 25,000 to Rs. 35,000 (varies as per the residential city)|
|Job Experience||Minimum 2 years|
|Current Job Emploment||At least 6 months|
|Current Residence||2 years|
|CIBIL Score||750 or above|
Documents Required for Bajaj Finserv Personal Loan
Bajaj Finserv Personal Loan documents are very minimal which you need to submit when you apply for Bajaj Finserv Personal Loan. Following are the list of documents which you need to submit-
- Bajaj Finserv Personal loan application form.
- Atleast two passport size photographs
- KYC Documents- PAN Card, Voter Card, Passport, AADHAR Card.
- Proof of Residence- Utility Bills like Gas Bill or Electricity bill for the last 3 months old, Passport, Leave and License Agreement.
- Updated Bank Statement of the last 3 months (where your monthly income is credited)
- Appointment letter or confirmation letter of applicant’s previous company
- Copy of Form 16 for the last 2 years.
- Salary slip of last 3 months.
- Employment ID card
Bajaj Finserv Personal Loan Interest Rates
To provide financial assistance to its customers, Bajaj Finserv Personal Loan rate of interest is very attractive and depends on the applicant’s salary, credit score, loan amount and the repaying capacity.
Bajaj Finserv Personal Loan interest rate details are shown below -
|Rate Of Interest||12.99% *|
|Loan Amount||12-60 months|
|Loan Tenure||Up to Rs. 25 lakhs|
|Processing Fees||Up to 3.99% of the loan amount|
*Interest rates change time to time.
Bajaj Finserv Personal Loan Fees & Other Charges
Other than Bajaj Finserv Personal Loan interest rates, no hidden fees are charged. Though there are some other charges which are given below -
|Types of Charges||Amount Charged|
|Processing Fee||Up to 3.99% based on the loan amount|
|Penal Interest Charges||2% of the EMI amount each month + Rs. 200 each month or applicable taxes, whichever amount is the higher|
|Bounce Charges||Rs. 600 to Rs. 1200 per bounce plus applicable taxes|
|Charges for Secure Fees (applicable only for online approval)||Rs. 4499|
|Charges for Statement Account/Foreclosure Letter/Repayment Schedule||Rs. 250+ applicable taxes for each statement per account, if you want to avail a physical copy of e-statements.|
|Charges for outstation collection||Rs. 65+ applicable taxes|
|Charges on Late EMI Payments||24% per annum on the outstanding amount from the default date|
|Charges for Part prepayment||2% (inclusive of taxes) in case of more than a month from the loan disbursal date (you must pre-pay the loan exceeding more than 1 EMI)|
For flexi loan-
4%+applicable taxes on the loan amount within a month of the loan disbursal
4%+applicable taxes on the reduced assigned limit subsequently
For Term loan- 4% (inclusive of taxes) on the outstanding principal
|Charges for Overdue||Rs. 200 + applicable taxes|
Bajaj Finserv Personal Loan Interest Calculator
Bajaj Finserv Personal Loan rate of interest is very competitive and can be easily calculated using Bajaj Finserv Personal Loan interest calculator. To evaluate Bajaj Finserv Personal Loan interest rate, you need to keep in mind your loan amount, credit score, net take home salary and also the loan tenure.
The amount of loan that you want to lend from Bajaj Finserv is a very important criteria that decide Bajaj Finserv Personal Loan rate of interest. Personal loan up to Rs. 25 lakh is offered by Bajaj Finserv.
Bajaj Finserv Personal Loan interest rate depends on the applicant’s credit score in a large way. If you maintain a credit score of 750 or above, Bajaj Finserv Personal Loan rate of interest will be quite low and vice versa.
Net take home salary
If your salary is quite high, then the lending institution will have a trust on you as it is not taking any collateral. Moreover Bajaj Finserv Personal Loan rate of interest will be quite low for a higher salary slab applicant.
You can repay the loan within flexible tenure between 12 months to 60 months. If you opt for lower loan repayment period, Bajaj Finserv Personal Loan rate of interest will be low and vice versa.
Benefits of Bajaj Finserv Personal Loan
- Bajaj Finserv Personal Loan documents required are very minimum and no lengthy paperwork is involved.
- The benefit of Bajaj Finserv Personal Loan pre-approved facility is available to the applicants.
- You can opt for Bajaj Finserv Personal Loan application status check online option which provides the update of your loan application.
- You can repay the loan using Bajaj Finserv Personal Loan EMI payment online option which is very user-friendly.
- Bajaj Finserv Personal Loan application tracking facility is offered to its customers to maintain transparency.
- You will enjoy Bajaj Finserv Personal Loan top-up option when you are going for Bajaj Finserv Personal Loan balance transfer from another bank or NBFC.
- If you come across any query related to your loan, you can just dial Bajaj Finserv Personal Loan customer care number. 24*7 customer support is offered by Bajaj Finserv.
- You can check online Bajaj Finserv Personal Loan rate, Bajaj Finserv Personal Loan payment amount.
- An added benefit of Bajaj Finserv Personal Loan overdraft facility is also offered to ease your loan process.
- Bajaj Finserv Personal Loan disbursement process is very quick.
You can call Bajaj Finserv Personal Loan customer care no which is 020 3957 5152.
Also, you can call Bajaj Finserv Personal Loan toll free no- 1800 103 3535.
You can also mail your queries at email@example.com