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bajaj finserv personal loan

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Product Rating

4.5 /5

Total - 380 ratings

5
248
4
89
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24
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15

Mode of Process

Mail

Location 

Delhi - NCR

Lending Size and Tenure 

1L-45L (12M to 7Y)

ROI

13.05%-15%

ROI (Fixed/Reducing)

Reducing

Foreclosure

4.50 %+GST

Partial Payment Allowance

NIL (CASE TO CASE DEPEND)

Dealing in Unsecured OD

Yes

Gone are the days when you needed to stand in a long queue, submit forms and papers, and then still wait for a day to get your loan approved. Bajaj Finserv offers fast approval of personal loans without asking you to fill out any extra paperwork. It also offers instant personal loans to self-employed applicants with minimal documentation and loan disbursal on the same day. Bajaj Finserv offers personal loans to salaried applicants at 13% p.a. onwards for loan amounts of up to Rs 25 lakh and for tenures of up to 5 years. . The personal loan products are designed to meet the needs of different borrowers, with loan amounts ranging from Rs 25 lakh to Rs 45 lakh, and tenures ranging from 1 year to 7 years.

Here are a few factors about Bajaj Finserv Personal Loan

Mode of Process

Mail

Location 

Delhi - NCR

Lending Size and Tenure 

1L-45L (12M to 7Y)

ROI

13.05%-15%

ROI (Fixed/Reducing)

Reducing

Foreclosure

4.50 %+GST

Partial Payment Allowance

NIL (CASE TO CASE DEPEND)

Dealing in Unsecured OD

Yes

Negative Profile for Bajaj Finserv Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

D-Grade

Defence Front Line Job

Real Estate

Jewellery and CONS

 
Eligibility 

Documents Required 

  • The age of the applicant should be between 25 to 59 
  • The min. salary of the applicant should be 40K in Delhi NCR and 22K in Rural Areas
  • The min. Employment should be for 6 months 
  • Minimum CIBIL score has to be 686

 
  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
  • Last 3 Month Salary Bank Statement in PDF
  • Last 2 Month Salary Slip if Salary
  • Proof of business ownership 
  • Company ID (If not available then Office Mail ID & Land Line Number)
  • Employee ID card

Let us take an example, How EMI is being calculated


For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T&C apply.

Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%

FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

A Bajaj Finserv personal loan is an unsecured loan that helps you to meet sudden financial obligations. They offer a maximum loan amount of 25 lacs that can be processed after assessing your profile.

When you need credit, apply for a Bajaj Finserv personal loan. The lender verifies and accepts your loan application when you submit it to them. The loan money is then transferred to your bank account. You must reimburse the lender via EMIs for the duration of the loan repayment period after receiving the loan amount.

Bajaj Finserv allows you to avail up to 25 lakhs for a personal loan along with a host of benefits you can leverage, Whereas the amount may vary depending upon the CIBIL Score, Monthly income, employer, etc.

Bajaj Finserv has a flexible repayment tenure from 12 months to 7 years.

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