In India, there are many banks and NBFCs that provide personal loans and Bajaj Finserv, a leading Non-Banking Financial Company (NBFC), is one of them. The lender provides a higher loan amount at an attractive rate of interest. Bajaj Finserv Personal Loan takes care of everything. This finance company provides customized funds for multiple purposes like Wedding, Travel, Home Improvement, Medical Emergency and Higher Education, etc. The company offers this loan at an interest rate ranging from 11.00% Onwards per annum for a tenure up to 5 years. Apart from that, there is an additional scheme named Flexi Personal Loan which ensures smoother repayment. This is the facility wherein a borrower can pre-pay and drawdown money within the drop-line facility using a self-service process without any hassle.

Bajaj Finserv Personal Loan is a multi-purpose loan and can be taken for any legitimate purpose. So, have a look at some of the main purposes for which you can take money from this lender:

• Wedding –If you are planning a grand wedding or post-marriage trips, you can take a personal loan to meet the high end expenses.
• Travel – Bajaj Finserv personal loan enables you to fulfil your travel goals with funds availed against simple eligibility criteria. It covers all the expenses, including flight tickets and hotel bookings during your trip to a national or international destination.
• Home Renovation – You can manage the expenses for repair and home renovation with Bajaj Finserv instant personal loan and repay over a flexible tenure of your choice.
• Medical Emergency – Medical emergencies require immediate funding. You can get the same addressed with minimal documentation.
• Higher Education – Personal loan provides complete financial support to your child during higher education with high-value personal loans. It meets all kinds of expenses such as course fees, travel expenses, hostel charges, and more.

Why Choose Bajaj Finserv Personal Loan?

Here are some of the main features of Bajaj Finserv that make it different from others.

• Online Loan Applications:Candidates can apply from the comfort of home or office using the online service. One just has to visit the official website of the lender and fill in the application form.
• Get Instant Online Approval:Now that the world is becoming digital in all aspects, the online process is, of course, time-saving. The applicant can get instant paperless approval on their online application within a few minutes.
• Get Money in 24 hours: To fulfill the sudden need of money, Bajaj Finserv offers the fastest loans in India – with disbursal of the loan amount into the applicant’s bank account within 24 hours of getting approved.
• Loan Amount up to INR 20 lakh:Bajaj Finserv gives one of the highest funds up to INR 20 lakhs with the flexible repayment option and tenure ranging from 12 to 60 months.
• Online Account Access:After all the formalities are completed, a person can access all the information related to the payment schedule, EMI payable, interest certificate, and other information.
• Attractive Rate of Interest:The interest rates at Bajaj are one of the lowest, with the starting rate of 13.00%* per annum.
• Attractive Offers for Existing Customers:The existing customers of Bajaj Finserv are eligible for exclusive pre-approved offers.
• Part Prepayment Facility:There is a facility to make part prepayment by which you can reduce the interest burden. You can enjoy shorter processing time. All you need to do is share your basic contact details, the one time password (OTP) and check your pre-approved offer.
• Zero Foreclosure Charges:The company does not charge anything on the foreclosure and hence you can save more.
• 24X7 Customer Support:The 24X7 customer support helpline, including a toll-free number, email and SMS is available for the convenience of the customers.
• No Hidden Charges: Bajaj Finserv comes with transparency in their loan and also with no hidden charges.

Bajaj Finserv Personal Loan Interest Rates 2024

Bajaj Finserv offers one of the lowest personal loan interest rates in India. The rates range from 11.00% Onwards per annum. Let’s just know more about the same below.

Eligibility Criteria

At Bajaj, salaried are eligible to apply for the loan. However, they need to meet certain eligibility criteria before Bajaj accepts their loan applications. Having said that, this criteria can change from one person to another. So, have a look at the below-mentioned eligibility criteria and see if you are eligible or not:

• An applicant should be salaried
• He/She must be an Indian resident
• The minimum age of the applicant must be 23 years
• The maximum age of the applicant must be 59 years
• The minimum Net Monthly Income of a salaried applicant should be INR 22,000/INR 27,000/INR 40,000 (salary requirement are different from city to city)

A person can also check his/her eligibility with the help of a Personal Loan Eligibility Calculator online that works based on the profile of the customer. The device takes into account-Income, Loan Amount, Monthly Expenses – to let you know how much loan amount you can actually avail from a lender to meet your varied needs.

List of Documents Required

The applicant must carry all the documents listed below to avail this unsecured loan:

• Signed loan application form with photos
• Employee ID Card
• Identity Proof- PAN Card/Passport/Driver’s License/Voter ID
• Address Proof- Passport/Driver’s License/Ration Card/Mobile Bill/Letter from employer
• Signature Proof- Passport/PAN Card/Driver’s License/Photo Credit Card/Letter from the bank verifying signature
• Work experience documents- Appointment letter, Form 16, 1-year-old salary slip, for the previous employment also
• Business IT returns for at least past 1 year
• Previous year’s turnover duly audited by a CA

How to Apply Online at Wishfin?

At Wishfin, the Personal Loan application process for Bajaj Finserv is very simple with easy documentation. You are just a click away. Just visit Wishfin’s website www.wishfin.com and fill the application form with your personal and professional details and your application will be submitted.

There is no collateral required, so the documentation is hassle-free and quick. With the advantage of online application, a person can apply as per his/her convenience and get instant approval as well. In addition to this, an applicant can also check the eligibility in advance on the website and apply for it afterward. However, an applicant can also choose an offline medium, i.e. to visit the bank branch and apply there.

Bajaj Finserv Personal Loan EMI Calculator

A personal loan EMI calculator is the tool used to calculate the EMI you have to pay. A borrower can calculate the monthly installments he is liable to pay and decide his/her affordability. By knowing the EMIs in advance, a person can accordingly manage his/her monthly finances. In the EMI calculator, the mandatory fields to be filled in are:

• Loan Amount
• Tenure
• Interest Rate

Let’s just have a better clarity on the same by considering an example below:

Suppose a person is planning to take a loan of INR 2 lakh and is offered the interest rate of 14.00% per annum. Now, the borrower has chosen the loan tenure of 5 years. You can see below the monthly instalments he will have to pay.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Bajaj Personal Loan Status

Loan applicants can track their personal loan status after submitting the application. They can check the status by visiting the website and entering the Case ID/File ID/Loan ID. A person is also supposed to enter the mobile number. Soon after doing the same, the loan application status will be displayed on the screen. Thus, it is absolutely easy and a quick process to know the real-time status of your loan. With the help of this online facility, it is easy for you to know whether your loan application has been accepted, rejected or pending. It is that simple and quick!

Bajaj Personal Loan Customer Care Number

Bajaj Finserv has made it convenient for the customers to ask any queries related to loans. A loan seeker can contact the company at the toll-free number: 020 3957 4151. The executives are always there to listen and solve all your queries and complaints. These experts help you in the best way and are always ready to guide and support you.

Bajaj Personal Loan Login

With the online access to your personal loan account, you can login anytime from anywhere. By using the credentials such as the login ID and password, you can check your personal loan details. With the help of this online facility, everything is now on your fingertips as you can easily manage things on the go. That’s amazing, isn’t it?

Bajaj Personal Loan for your Special Needs

Bajaj Finserv offers customized personal loans to meet the unique needs of customers. The lender offers a loan to the following:

• Government Employees:Employees working in government entities and various PSUs can apply for customized loan offers.
• Teachers:Teachers can easily meet their financial goals with ease by availing a personal loan from Bajaj. The loan comes with instant approval and disbursal.
• Women: This instant financing option is for the strong, independent woman of today, and in order to avail the same, women can apply for a personal loan.
• Debt Consolidation:Consolidate all your existing loans into one and manage your installments effectively with a debt consolidation loan.

Bajaj Finserv Personal Loan CIBIL Score

To avail a personal loan from Bajaj Finserv, you need to have a good CIBIL score. Yes, your three-digit numeric summary is something on which lenders always keep an eye on. So, make sure that you have a score of 750 or above out of 900 to enjoy a hassle-free journey. With such a score, you could easily grab the best deal. And to keep on getting the best deals, it’s important to maintain a good credit score by keeping in mind certain things such as paying bills on time, etc.

What is Bajaj Finserv Flexi Personal Loan?

The Flexi loan account is the facility wherein a borrower gets the facility to prepay and draw-down money within the drop-line facility. A borrower can also opt for a self-service process to save time. This flexi loan allows you to borrow the funds anytime you need it and pre-pay when you can from a single pre-approved loan limit. All that can happen instantly.

Benefits of Bajaj Finserv Flexi Loans

If a person chooses the flexi loan facility, he/she can save interest cost by pre-paying any additional or idle funds (if any) without paying any charges on the part-paid amount. Here are some of the benefits of flexi loans over an existing term loan that will help you in taking a decision henceforth:

• Flexibility to pre-pay the loan with idle funds without any extra cost involved
• Re-avail the pre-paid amount within the drop-line facility at any time during the loan tenure with no additional documentation needed
• Interest paid only on the utilized loan amount.
• Easy and hassle-free online transactions with self-service account access tool for drawdown and RTGS (Real-time Gross Settlement Systems) that allows pre-payment through net banking facility
• Facility to make prepayments for up to 6 times in a year

Hybrid Flexi Personal Loan EMI Calculator

If you opt for the Bajaj Flexi Personal Loan, ensure you use the Hybrid Flexi Personal Loan EMI Calculator too. This will work differently to the Personal Loan EMI Calculator elaborated above. Let’s check out how you can use the calculator to compute repayment estimates for you.

• Visit the official website of Bajaj Finserv and then on to ‘Caclulators’ and ‘Hybrid Flexi Personal Loan EMI Calculator’
• Enter the personal loan amount you want to apply for
• Choose the loan tenure
• Thereafter, the initial and subsequent tenure will get populated automatically
• Choose the interest rate offered

Now under the Enter Your Transactions Below section, you will need to do as follows –

• Choose the loan commencement date
• Choose the month and year of transaction before entering the part-payment or withdrawal amount
• Click on the +sign to add transactions
• Anyway, your first transaction will be part-payment only

Once you do all these, the repayment schedule will pop up on your screen.

Flexi Day-wise Interest Calculator

You can even check the interest charged on a daily basis using the Flexi Day-wise Interest Calculator. Here’s what you need to do to check the interest payment.

• Visit the official website of Bajaj Finserv, click on ‘Calculators’ and navigate to ‘Flexi Day-wise Interest Calculator’
• Select the bill due date from the dropdown
• Enter the loan amount you apply for and the one you utilized
• Enter the interest rate offered on the loan
• A summary will come on to your screen
• If you want to utilize further, you can write the amount under the ‘Withdrawal’ column shown on the screen. Do write it against the date on which you do. The same thing applies for any deposit you make.

Depending on your withdrawals and deposits, the repayment summary will change.

How to Apply

• Step 1: Fill the application form with all the required details and submit the same
• Step 2:For an instant approval, select the required loan amount and tenure.
• Step 3:The executives will get in touch with you to get the required documents.
• Step 4:Soon after the verification, the loan amount will be credited to your account

Eligibility Criteria for Bajaj Finserv Flexi Personal Loan

To apply for Flexi Loan, an applicant needs to fulfill the below mentioned eligibility criteria:

Bajaj Finserv Personal Loan Policies According to Locations, Company Categories

Bajaj Finserv has introduced new personal loan policies based on your location and the type of company you work at. Prime locations include Mumbai, Delhi, Bangalore, Kolkata, Chennai, Hyderabad, Ahmedabad, etc. Whereas, growth locations include tier-II and tier-III cities such as Nagpur, Indore, Vadodara, Patna, Kanpur, Bhubaneshwar, etc.

Bajaj Finserv Personal Loan Policies for Customers Residing in Prime Locations

The table below shows the personal loan offers for people residing in prime locations based on the type of company they work with. Plus, it will also detail on your office and employment verification Bajaj Finserv will undertake from its end.

Bajaj Finserv Personal Loan Policies for Customers Residing in Growth Locations

The table below shows the personal loan offers for people residing in growth locations based on the type of company they work with. Plus, it will also detail on your office and employment verification Bajaj Finserv will undertake from its end.

To Know More Details:- https://www.bajajfinserv.in/