Highlights
- Bajaj Finserv Personal Loan Interest Rates as low as 11.00%
- With attractive interest rates repay your loan with pocket-friendly EMIs
Get ready to avail a Bajaj Finserv personal loan at an attractive interest rate to enjoy a hassle-free loan journey. Bajaj Finserv with its latest personal loan interest rate of a minimum of 11% to a maximum of 35% ensures a reduction in your overall loan burden.
In this post, you will find all the information regarding the Bajaj Finserv Personal Loan Interest Rate and understand it which can be crucial at times. Bajaj Finserv can offer personal loans with competitive rates and flexible terms.
Bajaj Finserv Personal Loan Interest Rate Details 2024
Want to enjoy the lowest personal loan interest rates? If yes, look no further as Bajaj Finserv is here to offer you the best personal loan deal. Yes, this reputed NBFC by offering the best personal loan solutions to individuals at an attractive interest rate of 11.00% onwards per annum leaves no stone unturned to meet the multiple needs of one and all. Want to know more about it? Go through the table mentioned below -
| Particulars | Details |
|---|---|
| Interest Rate | 11.00% Onwards |
| Loan Amount | Up to INR 40 lakh |
| Loan Tenure | 12-96 months |
| CIBIL Score | 685 or Higher |
Advantages of Bajaj Finserv Personal Loan
Here are the few worthy advantages why you should choose Bajaj Finserv Personal Loan -
-
High Loan Amount: Bajaj Finserv Personal loan has no restriction on how you have to use the amount. They can give you loan amount access up to Rs. 40 lakh.
- Competitive Interest Rate: Borrowers may take advantage of attractive interest rates on both the initial personal loan and the top-up amount with the Bajaj Finserv Personal Loan, guaranteeing affordability and cost-effectiveness.
- Flexible Repayment Option: For personal loans and top-ups, Bajaj Finserv offers flexible repayment terms and allows borrowers to choose a repayment schedule that aligns with their financial situation.
- Minimal Documentation: The Bajaj Finserv Personal Loan has minimal documentation requirements and less paperwork for the borrowers.
Factors Affecting Bajaj Finserv Personal Loan Interest Rate
These are the factors that might affect Bajaj Finserv Personal Loan Interest Rate -
- Credit Score: A credit score serves as a confirmation of your repayment history on past credit accounts. A good credit score of 685 or higher displays a solid track record of responsible credit use and on-time debt payments.
- Monthly Income: Bajaj Finserv favors applicants with good, competitive salaries—up to Rs. 35,000 per month—if they reside in top-tier cities. People who live in other cities can apply for a personal loan even though their monthly income is less.
- Employer: Individuals with stable employment and working for reputable companies are generally seen as more reliable and responsible when it comes to making timely EMI payments.
- Relationship with the Lender: Current clients might receive a better interest rate when their loans are approved.
Calculating EMIs on Bajaj Finserv Personal Loans at Different Interest Rates
The next step is to figure out your monthly EMIs once you have decided on the loan amount and interest rate. This aids in your comprehension of the monthly payment amount. You can use Wishfin's Bajaj Finserv Personal Loan EMI Calculator to simplify this computation.
You can simply put the following details -
- Loan Amount
- Tenure
- Interest Rate
Suppose you wish to take a loan worth Rs. 1,00,000 from Bajaj Finserv Personal Loan, then here is the table mentioned below shows the monthly EMIs for different tenures, which are calculated at the interest rates of 11% and 35%.
|
Tenure (In Years) |
EMI (at 11% interest rate) |
EMI (at 35% interest rate) |
|---|---|---|
|
1 |
₹8,838.17 |
₹9,996 |
|
2 |
₹4,660.78 |
₹5,852 |
|
3 |
₹3,274 |
₹4,524 |
|
4 |
₹2,585 |
₹3,549 |
|
5 |
₹2,174 |
₹3,338 |
What Should You Do to Fetch the Lowest Interest Rate from Bajaj Finserv?
Keep these points in mind to fetch low interest rates from Bajaj Finserv :
-
Maintain a Good Credit Score: Higher credit scores are generally associated with better rates from lenders. Make sure your score is as high as it can be and your credit report is spotless.
-
Choose the Right Product: Bajaj Finserv provides a range of products, including credit cards and loans. You should evaluate the rates of each product to choose which one best suits your demands and has the lowest rate.
-
Check for Ongoing Promotions: There are frequently special offers or short-term agreements from Bajaj Finserv, which may feature lower interest rates. Watch their website or subscribe to receive updates.
-
Enhance your Financial Profile: You can be in a better position to bargain for a lower rate if you have a steady income, less debt already, and a solid financial profile.
-
Compare the Lender: Examine and contrast interest rates offered by various lenders, such as Bajaj Finserv. This can help you find better prices elsewhere or provide you advantage in negotiations.
Eligibility and Documents Required for Bajaj Finserv Personal Loan
These are some documents that are required by the Bajaj Finserv while applying for the personal loan -
- KYC Documents - Aadhaar Card/ Passport / Voter’s ID/ Driving Licence/ Letter of National Population Register/ NAREGA Job Card
- PAN Card
- Employee ID Card
- Salary Slips of the Last 3 Months
- Bank Account Statement of the Previous 3 Months
- Utility Bill of Electricity and Piped Gas
Here are the Eligibility Criteria for applying for the loan -
- Nationality: Indian
- Age: 21 Years to 80 Years
- Employed with: Public, Private or MNC
- CIBIL Score: 685 or Higher
- Monthly Salary: Starting from 25001/- based on the city you live in.
Other Charges of Bajaj Finserv Personal Loan
This table contains some of the additional fees and charges that can be included in your personal loan charges -
|
Fee Type |
Details |
|
Processing Fee |
Up to 3.39% of the loan amount |
|
Flexi Fees |
Term Loan - Not Applicable Flexi Variant - A fee will be delivered upfront from the loan amount (as applicable below)
*All Flexi charges are inclusive and applicable taxes. *Loan Amount includes the approved loan amount, insurance premium, and VAS Charges. |
|
Bounce Charges |
Rs. 700- Rs 1200 per Bounce. |
|
Stamp Duty |
Payable as per the State Laws and deducted upfront from the loan amount. |
|
Annual Maintenance Charges |
Term Loan: Not Applicable Flexi Term Loan: Up to 0.295% of the total withdrawable amount. Flexi Hybrid Loan: Up to 0.295% of the total withdrawable amount during the initial tenure. Up to 0.295% of the total withdrawable amount during the subsequent tenure. |
|
Cash Deposit Charges |
Customers will incur a cash deposit charge of Rs. 50 when making cash payments at our branch offices. |
|
PG Facility Charges |
Rs. 11 will be charged for utilizing the payment gateway to make part or full payment towards the loan through digital properties |
Bajaj Finserv Personal Loan Balance Transfer Rates
If the interest rates on your loan from your current lender aren't meeting your needs, consider switching to Bajaj Finserv to take advantage of their reduced rates. Sure, you may have a hassle-free voyage with appealing rates and pocket-friendly EMIs that lessen the stress of loan repayment. Indeed, you can receive a competitive interest rate of 11% APR when you transfer the balance of your current personal loan to Bajaj Finserv. This will help you pay off your debt more quickly.
Bajaj Finserv Personal Loan Contact Number
8698010101 is the customer care number you need to dial from your mobile or landline to be in touch with the lender. For all your concerns, queries, or complaints, the executives are always there to listen and solve the matter. You can dial the number anytime and get the best solution to your problem without any hassle. These friendly executives are always there to help and support you so that you can enjoy a smooth loan journey ahead.
Bajaj Finserv Personal Loan Status
Easily find out the status of your Personal Loan with Bajaj Finserv. To find out the current status of your loan application, all you have to do is click on Track My Application and provide some basic information. It is quick and easy to find out whether your loan has been denied, accepted, or is pending with our online tool. Check your status now.
Bajaj Finserv Personal Loan Login
When it comes to logging into your account, you would be glad to know that it is easy to do the same. Yes, all you need is the online login credentials, and within a few seconds, you can open your account online. Not only this, after opening the account you can thoroughly check the same and keep yourself updated with the latest happenings. Now all your account details are at your fingertips which allows you to check your account anytime.
Personal Loan for Self Employed
Are you a self-employed individual who is willing to avail a personal loan? If yes, you would be glad to know that there are plenty of lenders that offer this credit facility to such applicants. The eligibility norms are different for self-employed individuals and one should fulfill the same criteria to avail the loan. However, as far as interest rates are concerned, they vary from lender to lender and are also dependent upon the eligibility of an applicant. Talking about eligibility, many factors come into play here such as income, age, credit score, relationship with a lender, business stability, etc.
Compare Personal Loan Interest Rates from Different Banks
Below is a table showing the personal loan interest rates from various banks for 2024 to help you make the best choice.
Frequently Asked Questions
1. What is the current Bajaj Finserv personal loan interest rate?
If you apply through Wishfin, you can avail of a Bajaj Finserv that offers personal loans at an affordable interest rate ranging from 11% p.a. to 35% p.a.
2. What is the rate of interest of 3 lakh in Bajaj Finserv?
You can avail a Bajaj Finserv personal loan at an affordable interest rate of 11% p.a. However, various factors might affect your interest rate like loan tenure and your loan amount.
3. What is the maximum age for Bajaj Finserv?
If you are between the ages of 21 and 80, you may apply for a Bajaj Finserv Personal Loan.
4. Is Bajaj Finserv interest free?
Since the Bajaj Finserv Insta EMI Card lets you turn your purchases into installments without paying interest, it's normally free of interest rate charges.
5. What is Bajaj Finserv Personal Loan Customer Care number?
You can reach out to the Bajaj Finserv personal loan customer care service by dialing 8698010101 and getting the help that you need from your mobile phone.
6. How can I negotiate with Bajaj Finserv on the personal loan interest rate?
It depends on your relations with the branch in which you are applying for a personal loan. Also, if you have an exceptionally high CIBIL score, there are chances that you might be able to negotiate the interest rate on your loan application.
7. How do I check my Bajaj Finserv EMI statement?
You have the option to view your Bajaj Finserv EMI statement online or offline. You can see this document online by using the My Account customer portal or mobile app. Check the EMI statement under the services area after completing the login process.
8. How to check the Bajaj loan limit?
Press the words "Verify your loan details" provided below to access client interface, My Account. To sign in, enter your registered mobile number and the OTP. Enter your birthdate to confirm your information, then continue. Discover the specifics of your loan, including the loan amount, interest rate, EMI due date, and more.
9. How can I reduce my Bajaj Finserv loan amount?
You can lower your monthly EMIs on a personal loan by reducing the principal amount by paying off a portion of the loan. Choose a part-prepayment option to pay off your debts faster than anticipated if you have extra money and wish to lower your EMIs.
10. What is the minimum salary for Bajaj Finserv personal loan?
A minimum salary of Rs. 25,001 is required for availing of a Bajaj Finserv Personal Loan.
