Saturday, October 1, 2022

Bajaj Finserv Personal Loan | Bajaj Finance Personal Loan Interest Rate, EMI Calculator

Bajaj Finserv Personal Loan: Bajaj Finance Personal Loan is offering you loans up to 25 lakhs at low-interest rates to meet your financial needs. The entire loan process is online and you can apply for a loan here with very few documents. This loan is available to you with a long tenure and low interest. If you need a loan, here you will be guided through the complete process of applying for a loan and you will get answers to all your questions regarding Bajaj Finance loans.

Bajaj Finserv Personal Loan Detail (Bajaj Finance Personal Loan)

Bajaj Finance Personal Loan Interest RateCompetitive Interest rates start at 13% p.a.
Personal loan ProcessCompletely digital, Contactless, Paperless Process
Processing FeeProcessing Fees of Up to 4% will be deducted from the loan amount (Inclusive of applicable taxes)
Loan tenure12 to 60 Months.
Maximum Loan Amount10k to 25lakh at flexible EMIs
Age Limit21 to 67 years old.
CitizenshipIndian Citizen
Example LoanLoan Amount: Rs 50,000
Tenure: 12 Months
Interest Rate: 24% (on Reducing Principal Balance Interest Calculation)
EMI Amount: Rs 4,728
Total Interest Payable: Rs 6,736
Processing Fees (incl. GST): Rs 1,475
Disbursed Amount: Rs 50,000 – 1,475 = 48,525 Total Amount Payable: 56,736
Part-Payment Charges2% + Applicable Tax on Part-Payment Amount Paid
Bounce ChargesRs.600- Rs. 1200 per bounce (Inclusive of applicable taxes)
Mandate Rejection ChargesRs. 450/- (Inclusive of applicable taxes) per month from the first months of the due date of mandate rejected by the customer’s bank until the new mandate is registered.

Features of Bajaj Finserv Personal Loan

Minimum Documentation: To avail of a Bajaj Finance personal loan, you get a loan of up to 25 lakhs with very few documents.

Digital Process: The entire process of availing of the loan is online, you do not need to submit any documents manually.

Customer Care Support: Immediately after you submit the Bajaj Personal Loan form, the Bajaj Personal Loan team gets in touch with you and gives you complete details about the loan.

Without Guarantee (Unsecured Loan): With Bajaj Finance you get a loan up to 25 lakhs without any guarantee.

Fast Process: After verifying your details in 24 hours, the loan amount will be transferred to your savings account.

Low Interest: The Bajaj Finserv Personal Loan has a very low-interest rate which is very beneficial for you.

Long Tenure: You get a flexible tenure of 60 months to repay the loan amount.

Flexi Loan: Flexi Loan can reduce your monthly EMI by up to 45%. You have the option to pay interest only at the beginning of the tenure.

Navi Instant Personal Loan Interest Rate, EMI Calculator

Bajaj Finserv Personal Loan Eligibility Criteria

  • Indian citizens
  • The age should be between 21 to 67 years.
  • The person should have his/her PAN.
  • The mobile number should be linked with the Aadhar card.
  • Must have latest salary slip of three months.
  • Six months savings account statement.
  • CIBIL score should be 750+. A good credit score increases the loan amount you can get.
  • Depending on your employment and city your salary will be Rs. 22000 or more.

The minimum salary for applicants in cities like Bangalore, Pune, Delhi, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, and Thane is 35000 per month.

The minimum salary to avail of a personal loan for applicants from Ahmedabad and Kolkata is 30,000 per month.

The monthly salary of the applicants of Jaipur, Chandigarh, Nagpur, Surat, and Cochin has been fixed as a minimum of 28000.

25000 per month in cities like Goa, Lucknow, Baroda, Bhubaneshwar, Vizag, Nashik, Aurangabad, Mysore, Bhopal, Jamnagar, Raipur, Jodhpur, etc.

Money View Instant Personal Loan Interest Rate

Money Tap Instant Personal Loan

How to Apply for Bajaj Finserv Personal Loan online?

The complete process to apply for Bajaj Finance Personal Loan is online. You can apply for a loan here by following some easy steps. But you have to understand the complete process of filling the form thoroughly as most of the loan rejections are due to filling the form incorrectly. So, you have to read it carefully.

  • You have to click on the link given below and the Bajaj Finserv Personal Loan form will open in front of you.
  • Now the button Apply Now will appear in front of you, click on it.
  • Choose the category of your work salary or self-employment.
  • Enter your name as per your PAN card, select your city and enter your mobile number.
  • Verify OTP and click on submit button.
  • Now you have to enter all the details about your work. For example, company name, your salary, what work you do, etc.
  • Now you have to select your loan amount or tenure as per your offer. Now you can submit your form.
  • After verifying your details, the loan amount will be transferred to your savings account within 24 hours.

Bajaj Finance Personal Loan Apply Link

Bajaj Finserv Personal Loan App Detail

Application NameBajaj Finserv – UPI, Pay Loans
Updated on7 Apr 2022
Downloads10M+ Downloads
App Download Size20MB
Released on18 Sept 2012
Bajaj Fiance App Review4.1 star

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What is Personal Loan?

Personal loans help you borrow money for a price of a personal nature – be it for some other requirement such as an emergency, education, family marriage, or home renovation. With Bajaj Finserv Personal Loan, with various loans ranging from 10k to 25 lakhs, you can enjoy low-interest rates with flexible functions ranging from 12 months to 60 months.

What is an EMI?

EMI Stands for Equated Monthly Installment. Which is the fixed amount paid for the repayment of your loan. It includes both the principal component and the interest amount. It gives you the convenience and benefit of repaying the personal loan amount in small and easy installments.

How to apply for Bajaj Finance Personal Loan online?

If you want to avail a Bajaj Finserv Personal Loan, you need to install the Bajaj Finserv app and create your account. In which you have to fill in a lot of important information. After filling data, the app will show your “Instant Personal Loan” eligibility along with an eligible interest rate and tenor. After successfully checking the eligibility criteria, you will fill in loan details. After that, you will fill in the bank details. So that, the loan amount will be transferred to your account.

What is the Bajaj Finserv Personal Loan Interest Rate?

You will get a personal loan on Bajaj Finance ranging from Rs 10 thousand to 25 lakhs with an interest rate of 13% to 36% per annum. Loans are available on this app through a completely digital and contactless process. You can use this money for bill payments, home renovation, personal expenses, etc.

How can I repay my new debt?

In case of prepayment, the loan provider can make the payment through net banking, check, or DD services. Make sure the required amount is available in the bank account every month from the date of EMI.

How to contact Bajaj Finserv personal loan customer care?

For any query related to a Bajaj Finance personal loan, you can also call customer care number 086980 1010. You can also get your queries answered by sending mail to [email protected]

How can I calculate the EMI payable before availing of a personal loan from Bajaj?

You can check the EMI payable using EMI Calculator. You can enter the required details to check EMI payable and emissions payable. This feature is free for you.

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