Bajaj Finance Personal Loan Apply, Interest Rate 2024

Bajaj Finance Personal Loan Apply, Interest Rate 2024, Eligibility, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

If you are interested in Bajaj Finserv personal loan and want to apply for Bajaj Finserv personal loan then this article is for you. In this article we will know what is Bajaj finance personal loan?

How much loan amount can we get under this loan, what is the interest rate we have to pay on Bajaj Finserv Personal Loan, what are the eligibility criteria for this loan, documents, benefits etc. For this you are requested to read this article till the end.

Bajaj Finance Personal Loan

Before applying for Bajaj Finserv Personal Loan, we need to know what is Personal Loan? So friends personal loan is the loan that you can take for any of your personal work like marriage expenses, travel, medical emergency, home buying or home renovation etc. takes for

Personal loan is an unsecured loan. That is, whenever you take an Instant Personal Loan from any bank or financial institution, that lending institution does not ask for any kind of security or guarantor from you, nor do you have to pledge anything.

Bank or financial institution provides loan to you on the basis of your CIBIL score. The higher your CIBIL score, the higher your chances of getting a loan. Under Bajaj Finance Personal Loan, you can take an instant personal loan up to Rs.25 lakh. This loan is given to you without any hidden charges and with 100% transparency.

To apply for Bajaj Finserv Personal Loan, you have to provide very few documents. You can apply for this loan both online and offline. The interest rates under Bajaj Finserv Personal Loan depend on the applicant’s CIBIL score, applicant’s age, income, company etc. We will know further about interest rates in detail.

Bajaj Finserv Personal Loan Overview

• Loan Name : Bajaj Finance Personal Loan 2024
• Lending Institution : Bajaj Finserv
• Loan amount: Up to Rs 25 lakh
• Interest Rate: Starting from 13% p.a.
• Loan repayment period: 12 months to 60 months
• Learn Bajaj Finserv Wiki

Bajaj Finserv Personal Loan Amount

If you are in dire need of money then you can get instant personal loan up to Rs.25 lakh from Bajaj Finserv. The loan amount depends on the applicant’s CIBIL score and many factors of the applicant. The better your CIBIL score, the more you can become eligible for the loan amount.

Bajaj Finance Personal Loan Interest Rate 2024

Presently the Bajaj Finserv Personal Loan interest rate starts from 13% p.a.

Before taking a personal loan, it is important for us to know about the personal loan interest rate 2023. If you apply for a loan without knowing the exact interest rate of the loan, then you may have to face problems at the time of repayment of the loan.

There are two main types of interest rate under Bajaj Finserv Personal Loan, both of which are explained in detail here:

Fixed Interest Rate: As the name suggests friends. Under this, the rate of interest remains the same throughout the tenure of the loan and there is no change in the interest rate. In this the loan EMI also remains constant.

Floating interest rate: Under this, the interest rate keeps on fluctuating. Adjustable, floating or variable interest rates are linked to the financial institution’s internal benchmarks. Any change in these benchmarks affects the interest rate.

The Bajaj Finserv Personal Loan interest rates depend on a number of factors which are as follows:

• Credit score: The better your credit score, the more attractive you will get a personal loan at an interest rate. Your credit score should be at least 750 to avail Bajaj Finserv Personal Loan.
• Income: The higher your income, the lower the rate of interest you can take advantage of Bajaj Finserv Personal Loan. Because your chances of repaying the loan increase.
• Business: Bajaj Finserv offers a variety of interest rates for the salaried and self-employed individuals.
• Age: Younger people get loan at attractive interest rate as compared to older people.
• Company: If you are working in a famous company then you can take personal loan at low interest rate.
• Relationship with the financial institution: If you are an existing customer of any financial institution, then you can take advantage of Bajaj Finserv Personal Loan at low interest rate.

Bajaj Finserv Personal Loan Types

Bajaj Finserv offers you various types of personal loans. Some of these personal loans are as follows:

Flexi Loan- In this loan, you get a pre-approved loan limit based on your CIBIL score and eligibility. In this you can withdraw money from your loan limit without applying again and again. In this, you get the facility of prepayment of your loan. You can reduce your EMI by up to 45% with Bajaj Finserv Flexi Loan.

Flexi Loans are available for Self Employed Individuals, Salaried Individuals, Professionals and Businessmen.

Apart from this, other Bajaj Finserv personal loan types are as follows:

• Flexi Hybrid Loan
• Wedding Loan – You can take advantage of this loan for wedding expenses.
• Home Renovation Loan – For the construction of your house, you can take a personal loan to give it a new look.
• Travel Loan – If you are planning to travel and you are short of money then you can apply for this personal loan.
• Medical Loan – You can apply for loan for medical emergency.
• Debt Consolidation Loan – You can apply for a personal loan to consolidate your existing loan and manage the installment payments.
• Higher Education Loan – If you want to get higher education but you are short of money then you can apply for this personal loan.
• Small Personal Loan – If you need extra money then you can apply for small personal loan.

Bajaj finserv personal loan CIBIL score

As friends you know that personal loan comes under the category of unsecured loan. The financial institution or the bank does not ask for any security of any kind to give you a loan. It provides loan to you on the basis of your CIBIL score. To apply for Bajaj Finserv Personal Loan, your CIBIL score should be at least 750. People who have higher CIBIL score can apply for higher loan amount and can take advantage of lower interest rate.

Benefits and Features of Bajaj Finserv Personal Loan

• You can get a personal loan up to Rs.25 lakh from Bajaj Finserv.
• The biggest advantage you have in personal loan is that you do not have to give any kind of security in it.
• If you fulfill all the conditions of Bajaj finserv then your loan gets approved immediately and the loan amount is transferred to your account on the same day your loan is approved.
• Bajaj Finance gives 12 to 60 months to repay the personal loan.
• Whatever charges are there on personal loan, they are openly told to you by Bajaj Finserv, in this you are not charged any hidden charges of any kind.
• If you have already taken a Bajaj Finance Personal Loan, then you can take advantage of the offers offered by the Bajaj Finserv EMI Network Card.
• This personal loan is given to you on the basis of your CIBIL score. The better your CIBIL score, the less time it will take for your loan approval.
• You can take a personal loan for your many types of personal work such as for marriage, to build or buy a house, for children’s education, medical emergency etc.
• You get Bajaj finserv personal loan in very few documents.
• The interest rates of Bajaj Finserv currently start from 13% p.a. but these interest rates depend on many factors like income, age, business, company etc. of the individual.
• You can reduce EMI by up to 45% with Flexi Personal Loan from Bajaj Finserv.
• If you are an existing customer of Bajaj finserv then you can take advantage of its pre-approved loan offers. For this, you just have to provide your basic contact details, after that you have to provide your One Time Password (OTP) and after that you can view your pre-approved loan offer.
• You can apply for bajaj finserv instant personal loan both online and offline.

Maturity period

Bajaj Finserv gives you ample time to repay the loan. Here you get 12 months to 60 months to repay the loan. In this time you can select the time as per your wish.

Bajaj Finserv Personal Loan Eligibility

So far friends, we have Bajaj Finserv Personal Loan? Gained a lot of information about Now we are going to talk about the eligibility of this loan.

To avail a personal loan from Bajaj Finserv, you need to follow the eligibility criteria mentioned below. Your loan is approved immediately if you fulfill all the eligibility and conditions of Bajaj Finserv. The eligibility for this loan is given below:

• Applicant must be a permanent resident of India.
• Applicant’s age should be between 20 to 60 years.
• You should have a regular income, whether you can be a salaried employee of MNC, public or private company.
• Your CIBIL score should be at least 750.
• Your minimum monthly income for personal loan should be as follows:
• Rs.35,000 per month (Bengaluru/Delhi/Pune/Mumbai/Hyderabad/Chennai/Coimbatore/Ghaziabad/Noida/Thane)
• Rs.30,000 per month (Ahmedabad/Kolkata)
• 28,000 per month (Nagpur/Jaipur/Chandigarh/Surat/Cochin)
• 25,000 per month (Goa/Lucknow/Baroda/Indore/Bhubaneswar/Viazag/Nashik/Aurangabad/Madurai/Mysore/Bhopal/Jamnagar/Kolhapur/Raipur/Trichy/Trivandrum/Vapi/Vijayawada/Jodhpur/Calicut/Rajkot)

Below you can see the eligibility for salaried individuals and self-employed individuals, businessmen, and SMEs/MSMEs:

For Salaried Persons:

• Applicant’s age should be 25 to 55 years.
• You can be an employee of any MNC, public or private company.

For self-employed individuals, businesses, and SMEs/MSMEs:

• Applicant’s age should be between 25 to 55 years.
• Applicant’s business should be at least 3 years old.
• At least the last 1 year income tax return of the applicant’s business should be filed.

Bajaj Finance Personal Loan Documents Required

• KYC documents (Aadhaar Card/Pan Card/Voter ID Card/Passport etc.)
• employee id card
• Salary slip of last 2 months
• Bank statement for the last 3 months of your salary account
• During loan processing you may be asked for additional documents which you have to provide.

Bajaj finserv personal loan Apply?

Now we will talk about friends How to Get Bajaj Finserv Personal Loan? about | For this you can apply both online and offline.

If you want to apply offline then you can do it by visiting your nearest office of Bajaj Finserv.

But if you want to apply online then follow the steps given below:

• First of all you have to visit the official website of Bajaj Finserv.
• In the loan option, the option of personal loan will appear, click on it.
• After that you will see the option of apply now, click on it.

• As soon as you click on the apply now option, a form will open in front of you. In this form, you have to enter your name, city and mobile number, after that click on Get OTP.
• An OTP will come on your mobile number, enter it and click on submit.
• Now a new page will open in front of you. On this page, you have to select any one option from both salaried person and self employed and click on submit.
• Similarly, a form will come in front of you, in which you will also be asked for some information which you have to enter.
• Then your application will be sent to the credit manager for approval.
• Your form will be verified by the credit manager, your credit score will be checked. If you are found eligible for this loan then your loan will be approved.
• After approving the loan, you will get a call from Bajaj Finserv. They will accept from you some information that you will have to give and will give you a username and password to maintain your loan, with the help of which you can log in to the portal.
• The loan amount is transferred to your account after 24 hours from the time your loan is approved.

Bajaj finance personal loan EMI calculator

Now we will talk about how friends can calculate EMI of Bajaj Finserv Personal Loan. You can easily understand it from the table given below:

Loan Amount	Interest Rate (Per Year)	Term	EMI	Interest Payble	Total Payble (Principal + Interest)
1 Lakh	13.5%	24 M	4,778	14,665	Rs.1,14,665
2 Lakh	14%	28 M	Rs. 8,414	Rs.35,597	Rs.2,35,597
5 Lakh	14.5%	36 M	Rs. 17,210	Rs.1,19,582	Rs.6,19,582
7 Lakh	15%	48 m	Rs. 19,482	Rs.2,35,105	Rs.9,35,105
10 Lakh	15.5%	60 m	Rs. 24,053	Rs.4,43,202	Rs.14,43,202

How to Check Bajaj Personal Loan Status?

If you want to check the status of your loan application, then follow the steps given here:

• First of all you have to go to the official website of Bajaj finserv.
• After coming to the website, you have to go to the option of check your loan application status.
• After that you have to click on Case ID / Loan ID / File ID / and enter the ID.
• After entering all the details click on submit. After clicking, the status will come in front of you.

Bajaj Finserv Personal Loan Fees & Charges

You have to pay the following charges while availing a personal loan from Bajaj Finserv which you can see here:

• Processing Fee: Up to 4.13% of the loan amount (plus applicable taxes)
• Bounce charges: Rs. 600 – Rs. 1,200 per bounce (inclusive of tax)
• Penal interest: In case of delay in payment of monthly installment/EMI, interest of 2% to 4% per month as penalty will be applicable on those outstanding monthly installments/EMIs. / This penal interest will be applicable from the date of default till the monthly installment/EMI is received.
• Security Fee (Only for Online Approval): ₹ 4499
• Outstation Check Collection Charges: ₹ 65 + applicable taxes
• Four closure charge: 4% on outstanding loan amount
• Part Payment Fee :2% of Amount Prepaid (Minimum 2 EMIs) + Tax

Compare Bajaj Finserv Personal Loan with Other Personal Loans

Bank Name	Interest rate	Tenure	Loan Amount	Processing Fee
Bajaj Finserv	Start 12.99%	12  to 60 months	₹ 25 Lakh	Up to 3.99% of the loan amount
HDFC Bank	11.25% to 21.50%	12  to 60 months	₹ 40 Lakh	Up to 2.50% of the loan amount
Axix Bank	12% to 24%	12  to 60 months	₹ 50,000 to ₹ 15 Lakh	Up to 2% of the loan amount
City Bank	Start 10.99%	12  to 60 months	₹ 30 Lakh	Up to 3% of the loan amount
ICICI Bank	11.50% to 19.25%	12  to 60 months	₹ 20 Lakh	Up to 2.55% of the loan amount

Bajaj finserv personal loan customer care number

Friends, we have given you How to Get Bajaj Finserv Personal Loan? Full information is given about If you have any other type of information regarding this loan, then you can talk to Bajaj Finance customer care number. Below are the Bajaj Finserv Personal Loan customer care numbers:

• Toll-free number – 1800-103-3535/ 869-801-0101
• Compliance contact number – 020-7407393

Conclusion:

Friends, I hope you like this article About all details of Bajaj Finserv Personal Loan Would have liked If you want to get more information about this personal loan, then you can contact on its helpline number. If you have found this article informative, then please share it with your friends and stay connected to this blog to get similar information.

FAQs on Bajaj Finance Personal Loan