How Bajaj Finserv Personal Loan is Your Financial Solution?

Bajaj Finserv Ltd. is a known financial institution that provides loans to customers at an affordable rate of interest.  And if you require funds for high expenses, debt payments or a medical emergency then Bajaj finserv personal loan suits you the best. The NBFC provides loans up to INR 25 lakh to the customers at a starting interest rate of 12.99% per annum. Read this article to know how the interest is applied to the loan amount and what are the loan features. 

 

Lowest interest rate on your personal loan

 

In comparison to the other lenders, the Bajaj finserv personal loan interest rates are low and range from 12.99% to 16.00%. The interest on your loan amount is based on income and credit report. A minimum income of INR 15,000 and above is required to get a personal loan from the Bajaj Finserv. And the loan amount can be paid in maximum 60 months in equated monthly installments. You can get a high interest on your loan amount if your credit score is below 700. And to get a suitable interest rate, you can add a co-applicant to increase the loan eligibility. Loan can be paid using ECS, PDCs or auto-debit methods. You can select a suitable method for timely EMI payment of the borrowed amount.

 

Use Bajaj Finserv Personal loan EMI calculator for payment management

 

The individual can also use the online calculator device of Bajaj Finserv and generate the future loan EMIs. To estimate the loan EMIs and for suitable payment, you can take the help of EMI calculator. Just insert your loan details such as borrowed amount, interest and tenure to know the calculated EMI. And then choose a loan tenure according to the payment suitability. For example, if your loan amount is INR 15 lakh and interest is 11.34% then the EMI would be INR 39.501 for 5 years. So when you find difficult to understand the loan eMIs then use the Bajaj Finserv EMI calculator. 

 

Apply for Bajaj finserv personal loan via Online Process

 

Visit the official website of Bajaj Finserv and select personal loans from the loan products. And then check the amount you can borrow from the financial institution using eligibility calculator. Just enter your income and monthly expenses to know the eligible loan amount. After that click on “Apply Now” and fill up the online application form. Submit the documents like Aadhar card, PAN card, salary slip or bank statement to get the Bajaj finserv personal loan. 

 

When the loan is approved the customer will get a notification on their registered number or email. Then submit the processing fee for Bajaj Finserv personal loan that can be 1% to 4.13% of the principal amount. And you can prepay the loan amount whenever you meet with extra funds and lower the EMIs. You are just required to pay a 2% pat or pre-payment fee for the loan payment. To solve all your financial debts, travel expenses, renovation cost borrow a loan from Bajaj Finserv Ltd.