Bajaj Finserv
30 minutes Guaranteed approval. EMI Calculator for calculate loan EMI per month. Bajaj Finserv offers a loan for a wedding (marriage), vacations, to fund a special purchase or a loan for medical emergencies or a need of cash.
Bajaj Finserv Personal Loan Details
| Interest rates | 11.49%-16.00% |
| Processing fees | Upto 2.00% |
| Forclosure charges | Upto 4.00% post 1st EMI clearance |
| Repayment Options | Upto 5 years |
| Maximum loan amount | Rs.25 Lakh |
| Turn Around Time | 48 hours |
| Min. Income | 40000 – For Metro & 30000 – for Small Cities |
Bajaj Finserv Personal Loan Interest Rates March 2017
| CAT A | 11.99% -16.00% |
| CAT B | 11.99% -16.00% |
| Others | 11.99% -16.00% |
Foreclosure Charges:4% of Principle Outstanding for all product.
Part Payment:0%(Subjected to Less then 25% of Principle Outstanding on 1 April of every financial Year).
4%(Subjected to More then 25% of Principle Outstanding on 1 April of every financial Year)
For Flexi Loan: 0% Part Payment Charges
Approved loans up to Rs. 25 lacs
Upto 6 times part payment option available
Nil Foreclosure charges / Pre Payment Penalty
Pre-approved Offers – If you are existing customer of Bajaj Finserv, you get latest pre approved offers on time to time from bajaj finserv.
Minimum Income of Rs. 40000 per month required for Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida, Pune, Surat and Thane customers.
Rs. 35000 Income per month required for customers from Chandigarh, Cochin, Jaipur, Nagpur city.
Rs. 30000 income per month required for Aurangabad, Baroda, Bhubaneswar, Indore, Madurai, Mysore, Nasik, Trivandrum, Vijayawada, Vizag borrowers.
| Documents Required for a Personal Loan | ||
|---|---|---|
| Photograph | Color Passport size photograph (signed across the photograph) | |
| Financials | Salary slips of last 3 months Latest 2 months salary slip | |
| Bank Statements | Latest 3 months salary account bank statement | |
| Employment Proof | Employee ID Card and Visiting card | |
| Work Experience Document | Current employment | Appointment Letter / Form 16 / 1 year old salary slip |
| Previous employment | Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip | |
| KYC | Identity Proof | Passport / Voters ID card / Driving License / PAN Card |
| Address Proof | Passport / Driving License / Ration card / Latest Mobile Bill / Letter from Employer (with HR /Admin sign) | |
| Signature Proof | Passport / PAN Card / Driving License / Photo Credit card (front only) / Banker Verification Letter | |
| Age Proof | Passpor t/ PAN Card / Driving License / Birth Certificate | |
Bajaj Finserv are the most diversified non-bank in the country, financing the widest set of outcomes, supporting customers biggest pursuits. Bajaj Finserv ltd. is the most popular non banking financial company in India. Aprt from personal loan it deals in Two wheeler loans, home loans, loan against shares, loan for doctors, consumer products finance & Credit Cards. Be it the desire for a bigger lifestyle to buying your home, indulging in that much deserved family holiday to expanding your business or making that big acquisition, whatever be your plan, Bajaj Finserv Lending have the capability to support every time you need it.
With 24 products across 12 product lines, we’re one of the fastest growing and most diversified NBFCs in the INDIA. Bajaj Finserv has 150 branches and presence in over 7000 retail outlets. Bajaj Finserv recognized as one of the Best Employers in India, for the second year in a row in the Aon Hewitt Best Employers Study, 2015. This prestigious award was conferred to bajaj finance at an awards ceremony held in Mumbai, on 17 April 2015. 10 Best Multinational Workplaces in Asia 2015. Bajaj Finance Limited has been ranked amongst the top 25 best places to work in Asia by the Great Place to Work (GPTW) Institute.
About Bangalore
Bangalore is the capital and the largest city of the Indian state of Karnataka. It is also called “Garden City” for its beautiful gardens, flowers and trees which flourish in each and every street. It is India’s fifth largest city and India’s fifth largest metropolitan area, with a 2001 population of about 6.5 million.
Bangalore district’s population ballooned 46.68 per cent over the past decade to around 9.59 million in 2011. The district today houses over 15.69% of the state’s population. This, despite the thrust of the state on deflecting growth towards tier II and tier III cities in the state. Today, 4,378 persons cram every square kilometer space of the district.
Known as Silicon Valley of India, Bangalore has attracted a large number of multi-nationals to open their offices. Better opportunity and handsome salary has converted this city to a preferred choice among IT professionals across India. As a result of this migration property rates have become dearer and dearer which ultimately turned to high rentals as well.
Even though the city has a large number of high mid income group but due to increase in demand sometimes we realize shortfall of funds to meet the expenses. Old loans with high interest rate taken in haste, causes a hole in our pocket. In order to repay this interest burden, one may opt for personal loan.