Bajaj Finserv Personal Loan 2022

Bajaj Finserv Personal Loan Details

Bajaj Finserv Personal Loan removes the financial crunch of the people by offering loans at a low-interest rate. The speedy application process and easy documentation method are complimentary services. The approval time is quite less, and once the loan is approved, the amount will be disbursed within 24 hours.  So, if you need money for renovating your house or want to build a new one, then you can move to Bajaj Housing Limited. However, if you need to pay your education fee or want to fulfill your unexpected expenses, such as a wedding, then you can go for Bajaj Finserv Personal Loan for an immediate result.

Highlights of Bajaj Finserv Personal Loan - 2021 

Following are the highlights of Bajaj Finserv Personal Loan: 

• Get money in 72 hours
• Loan amount up to ₹ 25 Lakhs
• Up to 4% foreclosure charges
• 24X7 customer support
• Part pre-payment facility available at no cost
• The Entire process is online
• Instant approval facility for existing customers

Bajaj Finserv offers low-interest-rate on personal loan so that most people can avail of the loan without any collateral. So, if you are wondering about the Bajaj finance personal loan interest rate and processing fee, then go through the below-mentioned points.

Anyone can apply for a personal loan from Bajaj Finserv as long as they clear the basic eligibility criteria. As the loans being offered are collateral free, which requires the company to ensure that the borrower is compliant and capable to repay the loan amount. 

The conditions for eligibility are as follows:

• The applicant must be of age between 23 to 55 years
• Any Indian citizen is eligible to apply
• The applicant must be an employee of an MNC, public or private company

The applications are entertained on the basis of monthly salary of applicant depending on the city they live in; the criteria are as follows:

Monthly salary ₹ 35,000 per month – Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Noida, Ghaziabad, Thane

Monthly salary ₹ 30,000 per month – Ahmedabad, Kolkata

Monthly salary ₹ 28,000 per month – Chandigarh, Jaipur, Nagpur, Surat, Cochin

Monthly salary ₹ 25,000 per month – Baroda, Goa, Lucknow, Indore, Bhubaneshwar, Nasik, Vizag, Madurai, Aurangabad, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Jodhpur, Vijayawada, Rajkot, Calicut, Vapi

In terms of personal loan application, it is crucial to follow the criteria and carefully abide by the terms & conditions in order to avoid rejection, as it adversely affects your CIBIL score. To avoid any errors regarding the process make use of personal loan amount and application guide.

Bajaj Finserv provides its personal loan with minimum documentation. An applicant is required to submit a basic set of documents in order to apply for a personal loan. The list of documents is as follows;

Bajaj Finserv Personal Loan comes with the following fundamental and appealing features and benefits:

1.Higher loan amount

Bajaj Finance Personal Loan allows you to get the loan up to Rs. 25 lakhs without any collateral. Thus, make it the most populous among the people. 

2. Application Process

Bajaj Finserv believes in the quick method, and thus provides the loan in a quick period. Amid the application process, Bajaj Finserv offers end-to-end support so that the customers effectively get the loan. However, if you have any queries related to the form or other, then you may dial the Bajaj Finance Customer Care Number to get support from the Bajaj Finserv team. After filling the form, it will be scrutinized, and once it gets approval, then your loan amount will be disbursed within 24 hrs.

3. Lowest EMI

Bajaj Finserv has brought the Flexi Personal Loan and is the first one to introduce such a feature in the financial market. A flexible personal loan gives great relief to the borrower apart from lower EMI. Bajaj EMI is lower than the other loan lending institutes, and this feature makes it a gigantic lender in the financial sector. The Flexi loan helps you to pay the pre-payment against the loan and allows you to save the interest on your loan value.  Apart from the pre-payment, it also gives you a way to withdraw the pre-payment amount anytime amid the loan tenure.

4. Instant Disbursal

Bajaj Finance personal loan is disbursed in a very short period, after the approval of the loan; the company transfers the loan amount in the borrower’s account within 24 hrs. This instant feature makes the Bajaj Finserv the fastest disbursement in the financial market.

5. Exclusive Offer

From time to time, Bajaj Finserv launches offers, which include low-interest rates against the loan to the customers. For the existing customers, the company has an individual plan, i.e., attractive loan offer and low processing fee.

6. Best in class interest rates:

The rate of interest offered by Bajaj Finserv is considered to be the lowest and most affordable in the market. Also, the company provides the reducing balance method to the borrowers, where the overall cost of availing funds is considerably lower.

7. Quick processing and disbursal:

Bajaj Finserv enables its customers with an online infrastructure where one can easily explore the available products and easily upload the required documents for the application. As soon as the documents are verified, the loan is approved and disbursed within 3 days.

8. High quantum of loan:

Bajaj Finserv offers one of the highest quantum of loans in the market at present. The personal loan amount being offered by the company to salaried individuals and for self-employed professionals is ₹ 25 Lakh.

Bajaj Finserv has also its own EMI calculator which assists you in deciding the most suitable amount that you wish to spend every month as instalment against your desired amount of loan over a flexible repayment period. 

Yet, with the help of the Bajaj Finserv Personal Loan EMI Calculator at Afinoz.com, you can easily calculate the instalment amount to be paid every month including the other charges and administrative expenses attached with the loan amount. 

Moreover, for you to easily understand the basics of the loan process and the anticipated EMIs, we have prepared a table for various amounts at applicable interest rates. The table displays various amounts of loan taken at a rate of interest of 10.99% (effective rate of interest – 0.009% per month). Let’s take a look: 

Comparative: -

This table displays a loan amount of ₹ 2,00,000 taken for a tenure of 12 months from various banks at competitive interest rates:

| Check Bajaj Finance Personal Loan EMI Calculator

Bajaj Finserv offers personal loans to its customers on the basis of significant needs. The major types of loans on offer are as follows:

Wedding Loan – As Indian weddings are a once in a lifetime event and can turn out to be very expensive. If a couple wishes to enjoy the extravagance, without taking a burden on their savings, they might avail the personal loan for the wedding and repay it in easy EMIs.

Home Renovation Loan – Customers who are willing to refurbish their ancestral home or their existing home with new fittings, furniture, decorates can avail the home improvement loan.

Travel Loan – Anyone willing to take a vacation abroad along with their family or even for a small trip to their most favorite destination within the country, they can opt for a travel loan without spending much of their savings.

Medical Loan – The medical loans offered by Bajaj Finserv are easiest to avail. If in case a medical emergency strikes and you are short of funds, one can easily apply for a medical personal loan from Bajaj through the app or visiting the online app.

Debt Consolidation Loan – It is a unique product offering from Bajaj Finserv, any customer who is willing to settle their existing credit card debts on various cards which are high cost, the outstanding balance can be transferred to Bajaj Finserv at a lower rate of interest. 

Before you apply for a Bajaj Finserv personal loan through Afinoz, you must check the following: 

• Check your Bajaj Finserv personal loan eligibility Criteria with the personal loan eligibility calculator at Afinoz.com. Simply visit Afinoz.com, fill in a few easy details and get an instant and accurate assessment of your personal loan eligibility
• Check your Bajaj Finserv personal loan EMI with the personal loan EMI calculator at Afinoz.com. This will help you to know the exact amount you need to pay every month towards the repayment of your loan
• Check the documentation required for your Bajaj Finserv personal loan application. Whether you are salaried or self-employed, applying with the proper set of documents will enhance your chances of getting your loan approved in the least possible time

With Bajaj Finserv, one can easily track the status of their personal loan application by taking a few steps. First, by visiting the online site or the mobile phone application, and log in using your credentials, one needs to enter the application number. Going forward, the page shows the account summary, where one can easily track the loan application status, thus can know whether the loan has been approved, in-process or is rejected.

| Bajaj Finserv Personal Loan Status  

Bajaj Finserv has made it convenient for the customers to ask any queries related to loans. A loan seeker can get in touch with the company on their toll-free number: 020 3957 4151, where customer service executives are present 24X7 to solve all the queries and concerns with a solution-based approach. Here, all the executives are highly trained and equally supportive for all that a customer needs regarding their grievances.

| Bajaj Finserv Customer Care Number    

Being one of the prominent lending institutions in India, Afinoz offers loans to needy people at appealing rates and terms. The company works with various banks and financial institutes across the Nation. So, overall, it is the one-stop solution for all financial needs. 

To apply for the Bajaj Finserv Personal Loan from Afinoz, follow the below stated steps: 

• Visit Afinoz.com or Download the Afinoz app. 
• Sign up on the portal or app. 
• Visit the personal loan section. 
• Key in your requirements. 
• Compare the lenders. 
• Choose your preferred lender’s offer (Bajaj Finserv Personal Loan). 
• Fill in the loan application. 
• Attach the required documents. 
• Submit the application. 
• Wait for the approval. 
• Go through the verification process. 
• Wait for the disbursal. (Post successful verification) 
• Get money into a bank account. 

Why Choose Afinoz for Bajaj Finserv Personal Loan? 

Well, it sounds a bit of the track, but you should know the right way to get the Bajaj Finserv Personal Loan through bajaj personal loan app and Afinoz does the same. Being one of the best financial institutes, Afinoz offers loans to needy people and also provides an investment model for the investor. 

Moreover, the lending institution works with various banks and financial institutes across the Nation. So, overall, it is the one-stop solution for all financial needs. 

Besides, the prime motto of Afinoz is to offer financial services to the people in an effective manner by eliminating the comprehensive documentation process and maintaining the transparency level. 

In addition to the personal loans, Afinoz also deals in Home Loan and Business Loan. To understand better why you should choose Afinoz for Bajaj Finserv Personal Loan. Here is the list of reasons, take a look at them: 

Application Processing 

Afinoz understands the need and demands of the customers, so it kept the entire process easy and hence allows the needy people to get the loan in a quick span of time. 

After the submission of the loan with the documents, the company’s sanction department scrutinizes the details of the application and after their approval; the loan is disbursed within 24 hrs. 

Tracking Feature 

Afinoz offers such a feature so that people can get their loan status. A tracking ID is issued after filling the online application and through this ID you can check the current status of the loan. However, we believe in customer satisfaction and hence offer SMS and email services. 

Customer Care 

One of the major factors of the stress among the people is the unclear doubt, especially related to the policies and schemes. So to maintain the comfort of the customers, we provide the customer care centre. 

This is a place where people can resolve their queries and the best part is, it is open 24*7. So, if you have any issues or are unable to understand the application process, then you may make a call anytime as per your solace, the team will offer a comprehensive solution to the issue. 

High-Class Security 

Everyone wants to keep their credentials safe and secure. We respect the same and thus kept the security at the top priority. The credentials of the users are highly secured and there is no possibility of a breach.

The entire process is in encrypted form, it means the command is in the hands of sender and receiver. Well, it means there is no third party and documents retains with the Afinoz and the banks. 

About Bank 

In India, nowadays, Bajaj Finserv is the leading Non-Banking Finance Company which is preferred by the borrowers over and above other nationalized banks as Bajaj offers a high quantum of personal loan at lower rate of interest as compared to the banks.  

The company is known for its steadfast approach towards customer needs and services whether related to the initial application process or post disbursal support for all the transactions. 

To stand with their customers in the time of need, the company disburses the loan within 2 days of sanction. 

In addition to this, there is an additional scheme named Flexi Personal Loan which is beneficial for 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.