A personal loan can be the answer to your short-term financial requirements, be it for urgent medical expenses, funding a wedding, or paying for a family holiday.You can apply and get the loan within a short timeframe, thus fulfilling numerous needs. One of India’s leading non-banking financial companies, Bajaj Finserv offers personal loans that are packed with benefits.
Here are a few noteworthy reasons why you should choose the Bajaj Finserv Personal Loan.
1. High loan amount
The Bajaj Finserv Personal Loan gives you access to funds up to Rs. 40 lakh. There is no restriction on how you can use this amount. You can check your personal loan eligibility and get access to a high loan amount within minutes.
2. Flexible tenor options
An online personal loan is meant to ease your financial burden. So, it should have a tenor you find easy to manage. Bajaj Finserv offers flexible tenors that range up to 96 months. Depending on your repayment ability, you can pick a tenor that is convenient to you.
Additional Read: Personal loan up toRs. 40 lakh only with Bajaj Finserv
3. Hassle-free application process
Sometimes, you cannot predict monetary requirements in advance. Thus, you may need funds urgently when the need arises. Your online application for a personal loan from Bajaj Finserv is approved in minutes, and its disbursal to your account takes place in as soon as 24 hours. You do not have to pledge any collateral to get a sanction, which speeds up the loan process further. Apply nowto get approval instantly.
4. Flexibility with regards to using the loan amount
You can choose theBajaj Finserv Flexi Loan facility when your need for finances is unpredictable or periodic. With this facility, you can withdraw money in parts from the sanctioned amount. The balance amount remains available to you when you need it. You pay interest only on what you use rather than the whole amount, making this option more cost-effective. You can also choose to pay interest-only EMIs for the initial part of the tenor.
With this facility, you can withdraw, repay, and re-withdraw money, as many times as you wish to. You can also make pre-payments when you have access to additional funds.
5. Convenient repayment terms
If you have surplus funds, you can make a part pre-payment or even foreclose your loan. Bajaj Finserv has low foreclosure and pre-payment charges that make this step affordable. You have to only ensure that the part pre-payment amount is greater than the value of one EMI.
Fast approval, a high loan amount and flexible repayment modes make a personal loan from Bajaj Finserv better than the rest.
FAQs
Bajaj Finserv Personal Loan
The Personal Loan from Bajaj Finserv is a collateral-free financing option that gives you access to up to Rs. 40 lakh on competitive terms, almost instantly. Once you get approval, you can get money in your bank within 24 hours and enjoy the Flexi facility too.
What are the advantages of Bajaj Finserv? ›
Bajaj Finserv Personal Loan
The Personal Loan from Bajaj Finserv is a collateral-free financing option that gives you access to up to Rs. 40 lakh on competitive terms, almost instantly. Once you get approval, you can get money in your bank within 24 hours and enjoy the Flexi facility too.
Why do you want to join Bajaj Finserv? ›
I would like to work at bajajfinserv.in because it is a leading financial services company in India that offers a wide range of products and services to its customers. I am confident that I can contribute to the growth and success of the company with my skills and abilities.
What is the competitive advantage of Bajaj Finance? ›
Bajaj Finserv offers customised and affordable finance that helps you cater to varied business needs with ease. With low-interest rates, flexible repayment options, and good customer service, this option is convenient and hassle-free and will help you improve the profitability of your business.
Is it good to take a loan from Bajaj Finserv? ›
If you wish to boost your child's academic performance, consider a personal loan from Bajaj Finance. It offers a high loan amount of up to Rs. 40 lakh for all of your child's educational expenses. Flexi facility: Your home needs regular and efficient maintenance.
Why Bajaj Finserv is so successful? ›
Bajaj Finserv has low foreclosure and pre-payment charges that make this step affordable. You have to only ensure that the part pre-payment amount is greater than the value of one EMI. Fast approval, a high loan amount and flexible repayment modes make a personal loan from Bajaj Finserv better than the rest.
Which is better Bajaj Finance or Finserv? ›
Difference between Bajaj Finance and Bajaj Finserv
Bajaj Finance focuses on consumer finance. Bajaj Finserv is more diversified and focuses on insurance, investment management, and retail financing.
What is Bajaj Finserv known for? ›
Bajaj Finserv Ltd. stands tall in India's financial world with a remarkable market value of ₹2.44 trillion. With 73,000 committed workers, it offers a broad array of financial products for people across India. The company provides a variety of loans including personal, home, business, auto, and gold loans.
How to crack an interview at Bajaj Finserv? ›
Bajaj Finserv Interview Questions, Process, and Tips
- Q1. Which framework you are using? explain your framework? ...
- Q2. Do you have laptop? Do you have knowledge about excell or telecalling. ...
- Q3. how many array function & string function is there in PHP? asked in PHP Developer interview.
Bajaj Finserv Ltd. has an average target of 1880. The consensus estimate represents an upside of 18.54% from the last price of 1586. View 8 reports from 2 analysts offering long-term price targets for Bajaj Finserv Ltd..
The four primary methods of gaining a competitive advantage are cost leadership, differentiation, defensive strategies and strategic alliances.
Who is the competitor of Bajaj Finserv? ›
Competitors. Bajaj Finserv Ltd. Aditya Birla Capital Ltd. Baid Finserv Ltd.
What are the weaknesses of Bajaj Finance? ›
- MFs decreased their shareholding last quarter.
- Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years.
- Weak Momentum: Price below Short, Medium and Long Term Averages.
Here are some of the benefits of availing of a Bajaj Finserv Business Loan: Flexi loan facility – Reduce EMIs by up to 45%*, withdraw money when you need it, and prepay when you can with our Flexi loan facility. High loan amount – Get an ample sum up to Rs. 75 lakh for your business needs.
How reliable is Bajaj Finance? ›
High stability and credibility: Stability and safety of income are most important for senior citizens. Bajaj Finance's FDs feature an AAA rating by ICRA and an AAA stable rating by CRISIL. This ensures that your investment is in safe hands.
What is the rating of Bajaj Finserv? ›
Company Rating. The company has been assigned Long Term Issuer Credit Rating of 'BBB-/Stable' and Short Term Issuer Credit Rating of 'A-3' by S&P Global Ratings.
Is it good to invest in Bajaj Finserv? ›
Bajaj Finance FDs are AAA rated from agencies like CRISIL and ICRA, and offer high interest rates of up to 8.85% p.a. That is why over 5 lakh depositors have trusted Bajaj Finance with deposits of over Rs. 50,000 crore.
How safe is Bajaj Finserv? ›
The Investment Information and Credit Rating Agency (ICRA) evaluates the credit risk of all the NBFCs in India. You can confidently invest in Bajaj Finance Fixed Deposit as it has the highest credit ratings— CRISIL AAA/ STABLE and [ICRA]AAA(Stable).
Is a Bajaj Finserv card worth? ›
Absolutely. Opting for the Bajaj Finserv Insta EMI Card is a prudent decision. Its swift approval process, widespread acceptance, and No Cost EMI option ensure a seamless and cost-effective shopping experience.
What is Bajaj Finserv for? ›
Founded in April 2007, Bajaj Finserv is the financial arm of the Bajaj group. We believe in a simple philosophy to never settle for good and go for great. This reflects in our extensive product portfolio that spans across 3 broad categories- lending, insurance and wealth advisory.
