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Find out how to get Bajaj Finserv personal loan Bajaj Finserv Personal Loan

In today's post you will find out the complete process of Bajaj Finserv personal loan and what qualifications you need to have for it.

In today's situation many of our work stops or cannot do due to lack of money and for this we have to hesitate to borrow money from anyone. 

If you talk to someone about money, he will look at you in such a way that no matter who your best friend is, he will think that you are asking for some part of his body. Naturally you don't want to put yourself in such a situation.

Bajaj Finserv Some important information about personal loans

• The interest rate on Bajaj Finserv personal loan can range from 12.99% to 15.50%.
• The minimum EMI per lakh can be up to 2,275 if calculated on the basis of minimum loan rate and long term.
• Bajaj Finserv Private loans can be taken by government and private salaried employees, and also by self-reliant persons between the ages of 20 and 60 years.
• You can take a loan from 1 lakh to 25 lakh.
• Bajaj Finserv Personal loans you can take for 12 to 60 months.
• Processing fees can range from 1.5% to 3% depending on the amount of your loan.
• Bajaj Finserv offers personal loans according to various schemes, such as Flexi Loan, PLOC Loan, Digital Personal Loan, Durable Finance Personal Loan, Bajaj Finserv Top-up Loan, Medical Emergency Loan.
• Bajaj Finserv Personal Loan You can use for many purposes, there will be no limit to your use of money. You can use this loan for marriage, higher education, travel, own home renovation, emergency treatment, old loan for interest, old vehicle etc.

Bajaj Finserv Some of the personal loan schemes

1. Flexi Loan: Under this scheme you can take intentional loan from Bajaj Finserv Bank and you can pay interest depending on the money you use. That is, you will have to pay interest only on the amount of the loan you have borrowed, not the interest on the rest of the money. Here you can repay the loan before the due date and you will not have to pay any extra for it.
2. Bajaj Finserv Top-up Loan: In this scheme you can take additional loan on your existing 25 lakh loan. For this you need to apply online. You can take this loan only if you have already paid 12 installments of personal loan taken earlier in Bajaj Finserv Bank.
3. PLOC Loan: Under this scheme you will be able to pay premium in few parts and there will be no limit and no charge. Under the line of credit you can repay the loan at any time under this scheme and withdraw money from the bank within your credit limit.
4. Durable Finance Personal Loan: Here you will get loan up to 5 lakhs. You can take this loan to buy any durable product such as smartphone, computer and its accessories, kitchen appliances and furniture etc. Moreover you can easily close the account without paying any extra money after paying an installment.
5. Digital Personal Loan: You can apply for this loan 100% online within minutes. To get this loan you need to have an account with Bajaj Finserv Bank.
6. Medical Emergency Loan: You can apply for this loan to cover your medical and hospital expenses. With very few documents, the bank usually approves a loan of up to Rs 25 lakh within 72 hours.

Bajaj Finserv Documents and Eligibility for Personal Loans

• An admitted application form or online application form
• 2 passport size photos
• You need to be an Indian citizen.
• Your minimum CIBIL score should be 650.
• Proof of Identity - Drink card, dark card, passport, or any proof of identity with your picture recognized by the government.
• Proof of address - dark card, voter ID card, passport, ration card, electricity bill, driving license.
• Proof of Income - Copy of Form 18 of last 2 years, Receipt of 2 months salary, Bank statement of last 3 months.

Bajaj Finserv How to apply for a personal loan?

• Visit Bajaj Finserv's official website or contact your nearest Bajaj Finserv branch.
• Now, fill out the personal, professional and financial details as required by the lender and submit the form.
• Once you submit the application, Bajaj Finserv will provide the loan depending on your qualifications.
• If you agree to process the application, you will need to submit the required documents which will also be uploaded online.
• Eventually, Bajaj Finserv will recognize your loan based on your qualifications and submitted documents, and the loan money will be transferred to your Bajaj Finserv bank account.
• You can also call the customer care number to find out about the loan, in which case the Bajaj Finserv representative will tell you everything.
• When you apply at the Bajaj Finserv branch, you will be given an application reference number, which will let you know the status of your loan, i.e. whether you have received the loan or not.

FAQs

How long will it take for Bajaj Finserv to decide on my personal loan?

The bank will usually announce its decision within 15 days of the application.

Bajaj Finserv What is the minimum income required for a personal loan?

Your minimum income should be Rs 25,000 but if you live in a metro city like Mumbai, Chennai, then your minimum income would be Rs 35,000.

How long does it take to get a loan approved?

If you have all the documents and qualifications as per the rules of the bank, you will get the loan very soon.

How do I know if the loan was approved?

If you apply online, you can see the location of your application by going to the dedicated customer portal or Experia app. Or you can go to the nearest bank branch and ask.