Bajaj Finserv Personal Loan

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Bajaj Finserv Personal Loan is available online and offline where you can get the loan up to Rs 25 Lakh. Gets the amount disbursal within 24 hours after the approval of loan at an interest rate starting at 12.99% p.a.

Bajaj Finserv Personal Loan Details

An unsecured personal loan allows you to borrow money without providing any asset for collateral or guarantor. Bajaj Finserv offers personal loan which is supported only by the creditworthiness of borrower at a low-interest rate. The company provides instant loan 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 you with money for your 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 fulfil their demands.

Bajaj Finserv Personal Loan Information

With Bajaj Finserv Personal Loan you can apply for loan just in 24 hours with 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

Bajaj Finserv Personal Loan Special Feature Details

    Flexi Personal Loan: Bajaj Finserv Flexi Loan provides you with 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 your EMI for the first year.

    Hybrid Flexi Personal Loan: Bajaj Hybrid Flexi personal loan helps you 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 your loan amount.

    Debt consolidation loan: Bajaj Finserv helps you in consolidating all your debts in one and manages them effectively with Bajaj Finserv by getting loan up to Rs 25 Lakh at an attractive interest rate.

Bajaj Finserv Personal Loan Eligibility Criteria

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 Personal Loan Strengths/Advantages

  • High quantum of the loan amount up to Rs 25 Lac
  • Offering debt consolidation loan
  • The company offer exclusive offers to its customers.

Bajaj Finserv Personal Loan Weaknesses/Disadvantages

  • High processing fees up to 4.13% of loan amount

Request call back from Bajaj Finserv Personal Loan

Bajaj Finserv Personal Loan Products & Services

Bajaj Finserv offers the following products and services under personal loan:

  • Medical loan

  • Don’t hesitate to get the best medical treatment for you and your family and get Bajaj Finserv Personal Loan for any of the medical emergencies. The company provides you money within 24 hours after the approval of the loan. You can also prepay the loan with Bajaj Finserv Flexi Personal Loan facility.

  • Wedding loan

  • 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.

  • Travel loan

  • Finance you holidays hassle-free and get money on an instant basis through Bajaj Finserv. With this loan, you can travel anywhere in the world with your loved ones. Bajaj Finserv Personal Loan for Travel up to Rs.25 lakh which manage your ticket bookings, hotel accommodation and more.

  • Home renovation loan

  • Aspiring of renovating a home but it can be a costly endeavour but Bajaj Finserv Personal Loan helps you in your home improvement at a low-interest rate and higher loan amount. Bajaj Finserv Flexi Toner helps you to choose from 24 to 60-month tenors and repay at your convenience.

Bajaj Finserv Personal Loan Feature

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

Bajaj Finserv Personal Loan Charges

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

Bajaj Finserv Personal Loan Customer Care Details

  • Customer Support Email - NA
  • Customer Support Toll Free No - 08698010101
  • Customer Support Chat Facility - Yes
  • Customer Support Whatsapp Number - 8506889977

Bajaj Finserv Personal Loan Calculator and Download Links

Bajaj Finserv Personal Loan Application Process Details

    For new customers:

    • Head to the official link from your web browser: Link or signup into your Bajaj Finserv mobile application > Personal Loan > Apply Online
    • Fill your mobile number & DOB or PAN Card details registered with Bajaj Finserv and you will get an OTP.
    • After logging in to the account with OTP, enter the desired loan amount.
    • You have to upload the required documents, such as PAN Card and address proof.
    • As you get loan approval, the funds will be disbursed to your account.

Bajaj Finserv Personal Loan Documents Requirements

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. Bleow is 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 Personal Loan Wallet Details

    Bajaj Finserv Wallet is a smart way to pay EMI and also provide digital EMI Network Card. Wallet does all the functions like instant bill payments, ticket bookings, deals and offers, along with the ability to access your EMI Network Card digitally, and pay for all your 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 transact online and offline MobiKwik merchant stores.
    Digital EMI Network Card: It helps in purchase of your favourite 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 book tickets, pay bills and collect payments.

    Apply for Instant Personal Loan

    Do you know you could opt for personal loan from your mobile? Now taking personal loan is very easy. Oue expert team compare top personal loan service in India to help in getting personal loan with minimum paperwork.

    We can help you choose the right provider for you. Contact us today...

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      NRI Form ⇒

    Last Updated on 2020-05-15T03:53:55+00:00


    Bajaj Finserv Personal Loan FAQs

    1. 1. How does Bajaj Finserv Personal Loan works?

      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.

       

       

    2. 2. How to check Bajaj Finserv Personal loan status?

      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.

       

       

    3. 3. Why my Bajaj Finserv pre-approved Personal loan application rejected?

      There are several reasons behind the rejection of your pre-approved Personal loan application from Bajaj Finserv. These can be:

      1. You have a low credit score. An ideal score for getting a personal loan is 750 and above this for getting quick loan sanction. So, to boost your credit score, avoid erratic loan payments, pay off outstanding debts, and don’t overuse your credit card.
      2. You may have submitted incomplete documents. Not submitting the right documents that prove your eligibility for your personal loan can lead to rejection.
      3. When you do not have any steady source of income then lenders pay attention to your repayment ability. So, you should avoid applying for a loan when you have just switched jobs.

       

       

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