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Bajaj Finserv Personal Loan is available online and offline for loan up to Rs 25 Lakh. Get the amount disbursal within 24 hours after the approval of loan at an interest rate starting at 12.99% p.a.
An unsecured personal loan allows to borrow money without providing any asset for collateral or guarantor. Bajaj Finserv offers a personal loan which is supported only by the creditworthiness of the borrower at a low-interest rate. The company provides instant loans within 2 minutes if applied online and the amount disbursed within 24 hours of approval of the loan. Speedy approval process and easy documentation come handy with Bajaj Finserv Personal Loan. The loan is available to provide with money for any unexpected expenses, such as a wedding, education, or medical expenses.
By providing the facility of part-payment 6 times, Bajaj Finserv especially designed its personal loan for people who are in need of money and need instant cash to fulfill their demands.
Bajaj Finserv Personal Loan provides easy loan within 24 hours with interest 12.99% p.a. onwards. Below table gives the complete details of Personal Loan.
| Bajaj Finserv Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 12.99% p.a. onwards |
| Processing Fee: | Up to 4.13% + applicable tax |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹25,000 |
| Loan Approval Timing: | 24 Hours |
| Minimum Loan Amount: | ₹25,000 |
| Maximum Loan Amount: | ₹25 Lakh |
| Minimum Loan Period: | 12 months/ 1 year |
| Maximum Loan Period: | 60 months/5 years |
| Type of Interest Rate: | Fixed Interest Rate |
| Interest Charging Method: | Reducing balance method |
Flexi Personal Loan: Bajaj Finserv Flexi Loan provides access to a pre-approved loan limit based on your credit rating. This loan is available for salaried individuals, self-employed individuals, professionals, and businessmen where you can get the option to pay just the interest amount as EMI for the first year.
Hybrid Flexi Personal Loan: Bajaj Hybrid Flexi personal loan helps to withdraw and pay the loan as per your convenience at no extra cost. You have to pay the interest only on the amount you have withdrawn from the loan amount.
Debt Consolidation Loan: Bajaj Finserv helps in consolidating all the debts in one and manages them effectively by getting loan up to Rs 25 Lakh at an attractive interest rate.
There are eligibility criteria set by Bajaj Finserv for their personal loan:
| Bajaj Finserv Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | No |
| Loan for Existing Customers | Yes |
| Self-Employed | Yes |
| Selected Corporate | No |
| Other Criteria | Net salary per month should be as follows: Rs. 35,000/Month: Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, Thane Rs. 30,000/Month: Ahmedabad, Kolkata |
| Minimum Age | 23 years |
| Maximum Age | 55 years at the time of maturity of the Personal Loan |
| Minimum Income Requirement | ₹25,000 |
Bajaj Finserv offers the following products and services under personal loan:
Get the best medical treatment for you and your family from Bajaj Finserv Personal Loan for any of the medical emergencies. The company provides money within 24 hours after the approval of the loan. You can also prepay the loan with Bajaj Finserv Flexi Personal Loan facility.
Money constraint can be a problem when you are planning for your dream wedding but now Bajaj Finserv Flexi interest-only personal loan helps you in getting 45% lower EMI. The loan needs minimal documentation ones you meet its eligibility criteria.
Finance you holidays hassle-free and get money on an instant basis through Bajaj Finserv. Bajaj Finserv Personal Loan for Travel up to Rs 25 lakh which manage ticket bookings, hotel accommodation and more.
Bajaj Finserv Personal Loan helps in home improvement at a low-interest rate and higher loan amount. Bajaj Finserv Flexi Toner helps to choose from 24 to 60 month tenors and repay at your convenience.
Bajaj Finserv Personal Loan offer various services, please find below the list of features offered by the vendor.
| Bajaj Finserv Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | Yes |
| Home Renovation Loan | Yes |
| Two Wheeler Loan | No |
| New Car Loan | No |
| Used Car Loan | No |
| Travel Loan | Yes |
| Medical Loan | Yes |
| Top Up Loan | No |
Here is the detail charge list for Bajaj Finserv Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on Bajaj Finserv Personal Loan processing.
| Bajaj Finserv Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | Yes |
| Foreclouser Charges | 4% plus applicable taxes on your personal loan principal outstanding for foreclosure. |
| Loan Foreclouser Conditions | Charges will be levied on the amount paid over and above 25% of the principal outstanding for the ye |
| Bounce Charges | Rs.600 - Rs.1,200 per bounce (inclusive of applicable taxes) |
| Bounce Charges Self Employed | Rs.600 - Rs.1,200 per bounce (inclusive of applicable taxes) |
| Late Payment Penalty | 2% of EMI amount per month + applicable taxes or Rs.200 per month (plus applicable taxes), whichever |
| Duplicate NOC Charges | Rs. 500 + GST |
| Stamp Duty Charges | Applicable as per the respective State |
| Instrument Swapping Charges | NA |
| Loan Cancellation Charges | NA |
| Stamp Duty Charges | Applicable as per the respective State |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | Rs.50 (plus applicable taxes) |
| Duplicate Repayment Schedule | Rs.50 (plus applicable taxes) |
| EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
In this section we have listed all important links related to Bajaj Finserv Personal Loan.
| Bajaj Finserv Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | Personal Loan Calculator Link |
| Personal Loan EMI Calculator Link | Personal Loan EMI Calculator Link |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| Bajaj Finserv Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Bajaj Finserv Wallet is a smart way to pay EMI and also provide digital EMI Network Card. The wallet does all the functions like instant bill payments, ticket bookings, deals, and offers, along with the ability to access EMI Network Card digitally and pay for all the purchases with interest-free EMIs. Some of its features are:
Insta Credit: EMI Network Card feature of wallet enables customers to transfer an amount of Rs. 5,000 from their EMI Network Card to their Wallet. This amount can be transacted online and offline MobiKwik merchant stores.
Digital EMI Network Card: It helps in the purchase of a favorite product like AC, TV, fridge, washing machine, laptop, air cooler, and much more by securely transacting with your interest-free EMIs.
One-stop Payment Destination: It is accepted at over 2 million merchants who use Mobikwik, so can easily book tickets, pay bills and collect payments.
Last Updated on 2021-01-08T12:11:49+00:00
Bajaj Finserv offers personal loan with Flexi Loan facility. The facility offers you to get pre-approved loan limit within 24 hours. You can withdraw the amount you needed and have to pay interest on the borrowed sum only.
For example, if you have a pre-approved loan limit of ₹20 lakh, and you need just ₹5 lakh, you can withdraw only that amount. The personal loan interest rate will be applicable only on ₹5 lakh. You can make part-prepayment without incurring any foreclosure penalty when you have the additional funds.
You can check Bajaj Finserv Personal Loan status on its official website. You need to login through Experia and click on “Track Application”. Here you can check your application status if your mobile number is verified.
There are several reasons behind the rejection of your pre-approved Personal loan application from Bajaj Finserv. These can be:
