BAJAJ Finserv Personal Loan

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Quikkloan offers a free service and therefore, we do not charge any fee from customers

√ BAJAJ Instant Personal Loan Online Approval

√ 100% Online Process

√ No Hidden Charges

√ Minimum Documentation Process

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personal Loan

How it Works!

Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.

  Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years

  Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque

  Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation

BAJAJ Finserv Online Personal Loan

Apply for Bajaj Finserv personal loan and get a maximum loan amount of up to Rs.25 lakh. The lender offers instant personal loan to a salaried applicant with a minimum monthly income of Rs.25,000. With interest rates starting at 12.99% per annum, expect pocket-friendly EMIs, hence a reduced loan burden. Bajaj Finserv gives approval to those whose CIBIL score is above 750. Yes, an individual needs to have a good cibil score to enjoy a hassle-free personal loan journey. Also, check your personal loan eligibility and keep your documents handy while applying for Bajaj Finserv personal loan online.

BAJAJ Finserv Personal Loan Interest Rates

Particulars Details
Interest Rates 12.99% per annum onwards
Loan Amount Up to 25,00,000 lakh
Tenure 5 Years
Processing Fee Up to 4.13% of the loan amount+GST
Employment Type Salaried
Minimum Monthly Income Rs.25,000,Rs.28,000,Rs.30,000,Rs.35,000
Cibil/Credit Score Above 750 (out of 900)
Foreclosure Charges 4% of the principal outstanding+GST
Part-prepayment Charges 2% on part-payment amount paid+GST 

Documents Required For Personal Loan

Mentioned are the personal loan documents for salaried and self-employed.

Complete Online Application

Fillup the Online loan Application in just 2 minutes

Provide Identity Proof

Voter id/ Passport/ Driving License / Aadhaar Card

Address Proof

Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card

Bank Statement

Latest 3 Months Bank Statement or Passbook

Income Proof

For Salaried – Latest 3-month Salary Slip

                    For Self Employed –  ITR and Current Bank Statement of 3 months

Why Choose BAJAJ Finser Personal Loan

There are several reasons to choose Personal Loan from BAJAJ Finserv

  Quick Disbursal

Attractive Interest Rates

Attractive Interest Rates

 Flexible Loan Tenures

  Minimal Documentation

  Multi-purpose Loan

  No Collateral/Security 

How to Apply for BAJAJ Personal Loan 

It would be advisable to apply online for Bajaj Finserv personal loan. The online process is quick and simple. The process starts by sending a personal loan application, followed by personal loan quotes, document submission and finally instant approval and disbursal. For a hassle-free personal loan journey, you are advised to keep your documents ready. Also, your cibil score should be good as lenders easily give approval to such applicants.

From Where to Apply for an Instant Personal Loan BAJAJ Online

Quikkloan is an ideal online marketplace that allows you to enjoy a hassle-free personal loan online journey. Yes, you simply need to fill a query form and submit the required documents, the rest this digital lender will do. The process starts by doing a complete credit assessment of your profile, matching the eligibility and then providing the instant approval and disbursal to cater to your varied needs. Thus, Quikkloan is the best place for an ICICI bank online personal loan application.

 

Let’s just take an example and try to understand the calculation for a loan amount of Rs.5 lakh taken for a tenure of 5 years at an interest rate of 11.25% per annum.  

 

Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Loan Amount (in Rs.) Interest Rate(per annum) Tenure (in Years) EMI (in Rs.) Total Interest Amount(in Rs.) Total Amount=Principal +Interest (in Rs.)
20,00,000 14.50% 1 1,80,045 1,60,541 21,60,541
20,00,000 14.50% 2 96,499 3,15,973 23,15,973
20,00,000 14.50% 3 68,842 4,78,310 24,78,310
20,00,000 14.50% 4 55,156 6,47,483 26,47,483
20,00,000 14.50% 5 47,057 8,23,394 28,23,394

Table Showing Principal, Interest, and Balance Amount

Year Principal (in Rs.) Interest(in Rs.) Balance Amount(in Rs.)
1 2,93,689 2,70,990 17,06,310
2 3,39,221 2,25,457 13,67,089
3 3,91,812 1,72,866 9,75,277
4 4,52,557 1,12,121 5,22,719
5 5,23,281 41,959 0

Feature & Benefit Of Bajaj Finserv Personal Loan

Maximum Loan Amount: Based on your eligibility, expect a maximum loan amount of upto Rs.25 lakh. You can get instant approval from the lender to fulfill your varied needs.  

Easy Repayments: Repay your personal loan with a lot of ease as Bajaj Finserv offers flexible repayment tenures. Yes, with the tenures ranging from 1 year to 5 years, loan repayment is now a hassle-free process.  

Minimum Documentation: Submit a few documents and get a personal loan quickly. Yes, no more hassle of submitting a long list of documents. In a few clicks you can submit the required minimal documents and get the loan instantly.  

Zero Hidden Charges: Bajaj Finserv personal loan comes with no hidden charges which means a borrower doesn’t need to extra charges while availing the loan. 

Quick Approval: Get instant approval of your personal loan soon after meeting the required eligibility criteria. The lender gives paperless approval to the eligible applicants. 

Pre-approved Offers: Get pre-approved offers if you are an existing customer. To enjoy the pre-approved offers, an individual needs to share his contact details and also the OTP received on mobile. 

Instant Loan Disbursal: Expect the instant disbursal of the loan amount within 24 hours soon after your loan application gets approved. Bajaj finserv sends the money in your bank accounts as soon as possible so that your financial needs can instantly be fulfilled. Reduce your EMI Burden:Avail Bajaj Finserv Flexi Personal Loan and reduce your monthly installment burden by up to 45%. Borrow the required loan amount when you need it the most without sending multiple loan applications and additional documents.

Type of BAJAJ Finserv Personal Loan

BAJAJ Personal loan is a multi nature in use. it can be used for the following purposes.

To cover all the wedding expenses, the BAJAJ wedding loan is here. The bank offers the loan with many perks and privileges to choose from. If we talk more about the same, and BAJAJ marriage loan interest rate 2020 is 11.25% per annum. 

Features and Benefits:

    • Interest rates starting from 11.25% p.a
    • Avail loan of amount up to Rs. 25 lakh
    • Minimam documentation
    • No security/collateral required

Renovate your home without worrying about the expenses as BAJAJ is here to give your home a beautiful makeover.

Features and Benefits:

  • Personal Loan rate of interest starting at 11.25%
  • Avail loan of amount up to Rs.20 lakh
  • Minimal Documentation
  • No security/collateral required
  • Quick processing and disbursal – Money gets credited into your account in 72 hours

Be it a solo holiday or a trip with family or friends, the BAJAJ Holiday loan caters to the needs of all. The loan can easily be availed to meet all your travel expenses. 

Features and Benefits:

  • Interest rate starting from 11.25% p.a.*
  • Avail loan up to Rs. 20 lakh
  • Simplified documentation
  • No security/collateral required
  • Quick processing and disbursal.

If you have just started working and your first salary has just come, you are also eligible to apply for a personal loan of up to Rs.1,50,000

Features and Benefits:

  • No security / collateral required
  • Attractive Rate of Interest
  • Avail loan of amount up to Rs. 1,50,000
  • Simplified documentation
  • Funding avail from age of 21 years
  • Quick processing and disbursal

NRIs can also avail a personal loan without any hassle as BAJAJ offers NRI Personal loan with instant approval and disbursal. 

Features and Benefits

  • No security/collateral required
  • Avail loan up to ₹ 10 lakh
  • Simplified documentation
  • Interest rates starting from 15.49% p.a.*
  • Applicant to be a resident Indian and the co-applicant NRI to be a close relative
  • Tenure up to 36 months
  • Quick processing and disbursal

Need extra funds to support your existing personal loan? Apply for BAJAJ Top Up Personal loan online. You can either combine it with an existing personal loan or treat it as a separate loan. 

  Features and Benefits:

  • No security / collateral required
  • Simplified documentation
  • Interest rates starting from 11.25% p.a.
  • Quick processing and disbursal

BAJAJ Personal Loan Customer Care Number

08698010101 is the customer care number of Bajaj Finserv which you can dial either from your mobile or landline. The experts and professionals are

What is the tenure required for a personal loan?

A personal loan can be availed for a minimum tenure of 1 year to a maximum of 5 years.

What is the maximum loan amount offered by Bajaj Finserv personal loan?

A borrower can avail a loan of up to Rs.25 lakh to meet his financial needs.

How to apply for a BAJAJ personal loan?

Bajaj Finserv personal loan can be applied online in a very quick and hassle-free manner.

How much time is taken for the approval of personal loan?

After submitting the completed loan documents, the loan can be approved and disbursed within 5-6 working days. However, disbursal time may differ subject to various factors.

Is BAJAJ offers Balance Transfer Facility for Personal Loan?

Yes, BAJAJ offers a balance transfer facility on a personal loan.

What is the maximum tenure for BAJAJ Personal loan?

The bank offers a personal loan for a maximum repayment tenure of up to 5 years.

Who can apply for a Bajaj Finserv personal loan?

Only salaried individuals are eligible to apply for Bajaj Finserv personal loan. 

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