Bajaj Finance Personal Loan

Personal Loan at 10.75% p.a

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Bajaj Finance Personal Loan Features

Bajaj Finance Personal Loan Eligibility Criteria Details
Bajaj Finance Personal Loan Interest Rate 9.75% p.a.
Bajaj Finance Personal Loan Lowest EMI per lakh Rs 2112
Bajaj Finance Personal Loan Tenure 12 to 60 months
Bajaj Finance Personal LoanProcessing Fee 1% to 2% of Loan Amount
Bajaj Finance Personal Loan Prepayment Charges Allowed after 12 Months (2 – 4 %)
Bajaj Finance Personal Loan Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Bajaj Finance Personal Loan Min Loan Amt ₹ 50,000
Bajaj Finance Personal Loan Max Loan Amt ₹ 75 Lakh

About Bajaj Finance Personal Loan

A Personal Loan is a part of unsecured loan, which means that you do not need to pledge anything to get the loan sanctioned. Since it is a multipurpose loan, you can use it the way you like. The maximum amount which can be availed is rupees 25 lakh for Bajaj Finance Personal Loan. Amount sanctioned keeps on changing depending upon the salary of the customer, and the loan can be repaid on flexible terms between the period of 1 to 5 years.

Bajaj Finance Personal Loan interest rates 

  1.  Personal Loan Interest Rates – 11.99% to 15.50%
  2. Processing fees – 0-2% of the loan amount.

Features and benefits of Bajaj Finance Personal Loan

  1.   No collateral security to be submitted by the applicant to avail the loan
  2. Flexibility to use the funds the way you like.
  3. Helps you to resolve your sudden financial demands such as medical costs, travel costs, and other needs.
  4.  Fast approval in case of Personal Loans
  5. Minimum documentation
  6. Online calculator to calculate your loan amount

Eligibility Criteria for Bajaj Finance Personal Loan

  1.  Age 21 – 60 years
  2. Background salaried individual employed with an MNC, public, or private company.
  3. Citizenship Indian
  4. Salary  is based on your city of residence. Hence, your net minimum wage per month should be as follows:
       1.  Rs. 35,000/Month metro cities.
     2. Rs. 30,000/Month  Ahmedabad, Kolkata
     3. Rs. 28,000/Month  Chandigarh, Jaipur, Nagpur, Surat, Cochin
     4.Rs. 25,000/Month  Goa, Lucknow, Baroda, Indore, Bhubaneswar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut, Rajkot

Documents Required

  1. KYC documents such as Aadhar card, Passport ID, Pan card, Ration card, etc.
  2.  Employee office ID card
  3. Salary slips last two months
  4. Bank account statements the previous three months of wages.
  5. Additional documents whichever required

How can I check my Bajaj Finance Personal Loan Eligibility?

Check the eligibility with an eligibility calculator

How to check Personal Loan status?

  1.  Firstly, go to the check your loan application status section of the Bajaj Finserv website.
  2. Secondly, click on Case ID/Loan ID/File ID icon. Enter your Personal Loan Case ID, File ID, or Loan ID.
  3. Lastly, click on the Submit button to arrive at the result.
  4.  You will now be able to check your loan status.

How to choose the ideal repayment tenor for Personal Loans?

The loan time period is between 1 to 5 year. You can select it based on the amount of loan, EMI, and your convenience

How to calculate the Personal Loan interest rate?

Calculate your interest rate with the help of EMI calculator provided on the website. You need to select the desired amount, time, and rate of interest, and then you will get the total interest rate amount along with EMI amount.

What is Personal Loan approval time?

Get your Personal Loans approved within 24 hours after the verification process is complete about your income, identity, employment details

How much can you borrow on a Personal Loan?

A Personal Loan can be sanctioned up to 25 lakhs only if you fullfil the eligibility criteria; otherwise, you may get less amount depending upon your salary criteria.

Can I apply for a loan if I already have an existing one?

Yes, you can apply for multiple loans. The lender will check your repayment capacity for the loan, and if you can repay it, then you will be sanctioned loan otherwise not.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%