Bajaj Finance offers personal loan in lowest interest rates in the market to its borrowers to meet their urgent requirements. Its interest rate starting from 12% which is so reasonable. To help its customers they provide four kinds loans those are-
- Flexi Personal Loan
- Durable Finance Personal Loan
- Lifestyle Finance Personal Loan
- Digital Finance Personal Loan
We are providing some details each of these personal loan products.
- Flexi Personal Loan
Flexi Loan works like an OD. Customers can deposit, withdraw and prepay their loan accounts. This loan product offers nil payment charges. An applicant with a minimum age of 27 working in a reputed company can have the Flexi Personal Loan. Borrowers can borrow up to 200,000. This loan should be repaid in 84 months.
- Durable Finance Loan
Durable Finance Loan helps to buy smaller appliances like a computer, phones, kitchen app on easy installments. An applicant can borrow up to 5 lakhs. The repay time of the loan is 84 months. An applicant in the age group of 27 to 58 can apply for this easy loan with documents like KYC details, Address proof, one canceled cheque.
- Lifestyle Finance Loan
Lifestyle Finance Loan helps their applicant to renovate their house with latest interiors, make their modular kitchen. Applicant should be in the age group of 27 to 58. Borrowers can get loan up to 300,000. This loan product allows six pre-payments in a year.
- Digital Finance Loan
Digital Finance Loan helps an applicant to buy products like camera, mobile, computer, tablet, laptop etc. This loan approves instantly in the partner stores with minimal documents. The amount range is 10,000 to rs. 1 lakh. Loan available at the age group of 27 to 58.
- Minimum age of 27 years and maximum of 58years.
- Minimum 3years of work experience if self-employed minimum 2 years of business experience.
- Minimum income 35,000
- Minimum CIBIL score 650
- Applicant must have Indian Citizenship.
- KYC DOCUMENTS:
- Pan Card
- Aadhaar Card
- Voter’s ID
- Passport Size Photo
- Last 3 months of PAYSLIPS, 6 months salary account bank.
- Form 16,
- Id card or well-known employer and visiting card.
- Installments applicant is currently paying, all the numbers of credit cards and credit limit applicant has.
BAJAJ FINANCE PERSONAL LOAN interest rates:
BAJAJ FINANCE’S interest rate depends on some factors like applicant ’s repayment capacity, and the purpose of the funds. The base rate is 12% per annum on BAJAJ FINANCE. BAJAJ FINANCE always offers flexible EMI rates so it doesn’t become a heavy burden on customers.
|Processing Fees||Up to 2%|
|Foreclosure Charges||Up to 4% post 1st EMI clearance|
|EMI Bounce charges||1000 for every bounce charges|
|Cheque bounce charges||1000 for every cheque bounce|
|Repayment time||Up to 5 years|
|Maximum loan amount||25 lakhs|
|Turn around time||48 hours|