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by Mohit Saxena Apply and Get Instant Personal Loan Approval
Availing funds through an instantpersonal loan is the easiest option one can avail of these days. You canapplyfor Bajaj Finserv personal loan onlineto meet your financialobligations. Be it emergency medical expenses, travel plans with your family,or higher education. You can avail of a higher loan amount of up to Rs. 25lakhs if you meet the desired eligibility criteria. The best part is you canget instant approval on your loan application along with minimal documentationand simple eligibility criteria. You can apply for the loan via net banking onthe bank's website or a FinTech web portal according to your convenience.
Advantages of taking BajajFinserv Personal Loan
- Hassle-free application:The process to apply for the Bajaj Finserv loan is simple and hassle-free. You can file your loan application online through visiting their official website, FinTech portal, or their app.
- Low rate of interest:Therate of interest on a personal loanfrom Bajaj Finservis competitive and low. It enables you to repay your loan EMIs affordably.
- No restriction on the end-use of funds:You can use the funds to meet any of your immediate financial requirements such as home repairs, travel or education, higher education.
- No collateral required:No collateral or security is required to avail a personal loan from Bajaj Finserv. This means you do not need to pledge any asset of your own. What all you need is simple and basic documents such as ID proof, address proof, and income proof which includes your PAN and Aadhaar Card.
Eligibility criteria for BajajFinserv Personal Loan
Following is the eligibilitycriteria to get your loan approved from Bajaj Finserv-
- Age:A person should be between 25 years- 58 years of age.
- Net monthly income:To meet Bajaj Finserv Personal loan eligibility, the income should be at least Rs. 20,000-25,000 per month.
- Employment type:You must be a salaried employee of an MNC, private, or public company.
- Nationality:You should be a citizen of India.
- Credit score:Any score above 750 with a good credit history.
The process to apply and checkyour Bajaj Finserv personal loan status through FinTech
Filing a loan application wouldbe much easy if you apply it through a FinTech platform or using their app. Allyou need to do is fill a personal loan online application form, choose the loanamount as per your eligibility. After checking your eligibility and EMI the calculation, start filling the form, upload the scanned documents, and postverification of the documents, the loan will get disbursed in a few hours.
Other ways in which you cantrack your Bajaj Finserv personal loan status-
After filing your loanapplication, you can track yourBajaj Finserv Personal loan statusintwo ways i.e. either online or offline.
The process to check your loanstatus offline-
If you opt to check your loanstatus offline, you can call the customer service center. They will ask you theloan application number or the reference number. The loan application number orthe reference number both are found in the application number. So, whilecalling the customer care to track your loan application, you need to keep thisnumber handy. In case, you have lost your loan application number, the executivemay ask you a few information such as name, date of birth, PAN number, etc toverify your details.
The process to check your loanapplication status online-
You can also track your loanstatus in real-time. Checking personal loans online can be done just with a fewclicks. Here are the inputs you need to provide to track your loan applicationonline such as your name, reference number, date of birth, mobile number, andPAN number. However, if you have forgotten the reference number, then you needto input the below-given details-
- First, input your name and enter your date of birth
- Next, choose the product from the drop-down menu. You will have to choose ‘Personal Loan’.
- Now, enter your mobile number
- You will also have to give your PAN number
- Lastly, click ‘Submit’ to get the result
I hope the above informationwould help you to understand every aspect of Bajaj Finserv Personalloans,itsfeatures, advantages, eligibility, and process to check your loan status onlineand offline.
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About Mohit Saxena
Apply and Get Instant Personal Loan Approval
15 connections, 0 recommendations, 167 honor points.
Joined APSense since, February 13th, 2020, From Delhi, India.
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Created on Sep 7th 2020 06:55. Viewed 725 times.
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FAQs
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. 80 lakh for your business needs.
Is Bajaj Finance personal loan safe? ›
If you're alert, cross-check the details and opt for known financial institutions. This way, you will be safe. The pre-approved offers from Bajaj Finserv on their loans and other financial services make getting a personal loan safe, easy, quick, and convenient.
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.
What is the interest rate of a Bajaj Finance personal loan? ›
11% to 35% p.a. Up to 3.93% of the loan amount (inclusive of applicable taxes). *Loan amount includes approved loan amount, insurance premium, and VAS charges. Rs. 700 - Rs. 1,200 per bounce.
What are the strengths of Bajaj Finance? ›
1. Strong brand reputation and market presence in the financial services industry in India. 2. Extensive product portfolio offering a wide range of financial services, including consumer finance, insurance, and wealth management.
Is it safe to keep money in Bajaj Finance? ›
The Bajaj Finance FD has one of the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings to ensure that your deposits are secured with us and safely invested. Portfolio diversification: A portfolio may be more susceptible to market risks if it is exposed primarily to equity assets.
Can we repay Bajaj personal loan early? ›
If you wish to part-prepay or foreclose your Bajaj Finserv Personal Loan, you have to pay the following mentioned charges: If you wish to foreclose your loan account, you have to pay up to 4.72% (inclusive of applicable taxes) on the remaining principal as it stands on the date of full prepayment.
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.
Which finance is better HDFC or Bajaj? ›
Feature Comparison
Bajaj Finance Home Loan offers a low interest rate at 8.50% - 15% which is appealing for lower payments, while HDFC Home Loan with its 8.70% - 9.70% might be better for those interested in long-term financial gains.
How can I reduce my Bajaj Finserv loan amount? ›
Part-prepay your personal loan:
Prepaying a portion of your loan reduces the principal amount, which thereby helps you reduce your monthly EMIs on a personal loan. If you have extra cash and you want to reduce your EMIs, you can choose a part-prepayment facility and pay off your debts earlier than expected.
Company is virtually debt free. Company has a healthy Interest coverage ratio of 192.25.
Why Bajaj Finance is declining? ›
Brokerage views
Religare Broking said the NBFC saw healthy growth in AUM (Asset Under Management) which was led by the secured lending segment, however, margin continued to slide. "The decline in margin was mainly due to increase in cost of funds by 10bps QoQ/47bps YoY to 7.9 per cent.
Who owns Bajaj Finserv? ›
Which bank is best for a personal loan in India? ›
List of Banks Offering Best Personal Loan in India
- HDFC Bank. Max. Loan Amt. Up to ₹40L. Rate of Interest. ...
- Axis Bank. Max. Loan Amt. Up to ₹40L. Rate of Interest. ...
- Kotak Mahindra Bank. Max. Loan Amt. Up to ₹40L. Rate of Interest. ...
- IDFC First Bank. Max. Loan Amt. Up to ₹10L. Rate of Interest. ...
- ICICI Bank. Max. Loan Amt. Up to ₹50L.
For example, the Bajaj Finserv Personal Loan offers instant approval, in some cases, within 5 minutes of application. Further, Bajaj Finserv also offers quick disbursals, and you can have the entire sanction in your bank account within 24 hours of approval.
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 8.65% p.a. That is why over 5 lakh depositors have trusted Bajaj Finance with deposits of over Rs. 50,000 crore.
What is the function of Bajaj Finserv? ›
They offer home loans, loan against property, and other related products. Bajaj Finserv Asset Management Company is an asset management company. In March 2023, the final registration from the Securities and Exchange Board of India was granted to commence mutual fund business operations under Bajaj Finserv Mutual Fund.
Which is better Bajaj Finance or Finserv? ›
Even though Bajaj Finance is a subsidiary of Bajaj Finserv, it has a higher market capitalisation than its parent company. While Bajaj Finserv has a current market capitalisation of Rs 240,292 crore, Bajaj Finance is valued around Rs 436,455 crore.
How good is Bajaj Finserv EMI card? ›
Is taking the Bajaj Finserv EMI card a good option? 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.
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