Bajaj Finserve Personal Loan

Interest Rate starts from 15.50%
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Personal Loan From Bajaj Finserve

A personal loan can come in help for any kind of situation like marriage, vacation, festivals, medical emergency etc. ApnaLoanBazaar provides you the customized and personalized quote for Personal Loan at lowest interest rates from various banks.
Interest Rate starts from 15.50*%
Processing Fee
2.24%
Loan Tenure
Upto 5 Years
Guarantor Requirement
No
Part-Payment
Allowed
Pre-Closure Charges
4%

About Bajaj Finserve

Bajaj Finserv, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company focused on lending, asset management, wealth management and insurance. The company through its joint ventures and subsidiaries employs over 20,000 employees and has established a nationwide presence across over 1400 locations. The company is currently engaged in consumer finance businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, Bajaj Finserv is also active in wind–energy generation.

Highlights

Ranked amongst the top 25 best places to work in Asia by the Great Place to Work (GPTW)
Institute 10 Best Multinational Workplaces in Asia 2015
Best Small & Medium-sized Workplaces in Asia 2015 (50-500 Employees)
25 Best Workplaces in Asia 2015 (500 + Employees)
Awarded in the category of 25 Best Workplaces in Asia 2015 (500 + Employees)
Won the CIO 100 Innovation award for two products - EMI Card and Flexisaver.

FAQs About Bajaj Finserv Personal Loan

What is a Personal Loan?
  • Personal loan, a loan to meet your current financial needs, is also referred to as an unsecured loan as there is no security against it. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. You can use a personal loan as per your convenience without being monitored for the actual end usage.
What is the Eligibility for a Personal Loan?
  • Personal loan, a loan to meet your current financial needs, is also referred to as an unsecured loan as there is no security against it. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. The primary Personal Loan eligibility criteria from is that you should be a salaried professional between 25-58 years of age.
What is Interest Rate for a Personal Loan?
  • Personal loan, is an unsecured loan as there is no security against it. offers personal loan interest rates based on your credit history, salary, the amount being borrowed. The lowest personal loan rate of interest starts from 16%. Additional fees such as Processing fee, EMI Bounce charges, Penal Interest and Secure Fee (only for online) would be charged.
How is Interest Calculated on a Personal Loan?
  • Personal loan interest rates are calculated based on your credit history, salary, the amount being borrowed, and other criteria. In case you have not defaulted on payments of an earlier loan and have paid all your bills on time, you will be viewed as a low-credit risk. The lowest personal loan rate of interest starts from 16%.
How to Calculate Foreclosure of a Loan?
  • The pre-closure of loan or the full repayment of the remaining loan amount in one single payment is termed as a Loan foreclosure. Use the foreclosure calculator, by selecting the number of EMIs that you have already paid and the month on which you want to foreclose your loan. This will help you calculate the foreclosure amount.
What are Foreclosure Charge?
  • The full repayment of the remaining loan amount in one single payment is termed as a Loan foreclosure. Bajaj Finserv does not charge any extra fees or penalties as loan foreclosure charges. Use the foreclosure calculator, to calculate your foreclosure amount.
How to Calculate EMI on Calculator?

    An EMI Calculator is very easy to use. All you need to do is enter the following information:

  • The Loan Amount
  • Tenor( In Months)
  • Rate Of Interest
  • An EMI Calculator is very easy to use. All you need to do is enter the following information:

What are the Documents Required for a Personal Loan?
  • Personal Loan has different set of documents, eligibility criteria and loan requirements. The primary eligibility criteria for Personal Loan from Bajaj Finserv is that you should be a salaried professional between 25-58 years of age. In order to read about documents that would be required as well as to check eligibility criteria for Personal Loan
How to Prepay a Personal Loan?
  • Bajaj Finserv gives you the option to prepay your personal loan’s EMIs up to 6 times in a calendar year at any interval as per your convenience. The minimum amount for each personal loan prepayment transaction should not be less than 3 EMIs. There is no maximum limit for repayment amount, subject to your clearing of your first EMI. Feel free to use our Personal Loan repayment calculator for more clarity.

Required Documentation For Salaried Persons

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Required Documentation For Self Employed

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Identity Proof For Personal Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof For Personal Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Income Proof For Personal Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Personal Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History For Personal Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Personal Loan Can Be Used For Many Purposes Like Below

Higher Education

Marriage

Vacations

Festivals

Medical Emergency

Home Renovation

Consumer Goods

School Fees

Why To Avail Bajaj Finserve Personal Loans?
Expert Advice
Factors That Affect Interest Rates
Advantages And Disadvantages
10 Things To Keep In Mind
Bajaj Finserve Personal Loan Precautions