Bajaj Finserv PLR, Bajaj Finserv PLR Past Trend

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Current Bajaj Finserv PLR

Last Updated 31st Dec 69

PLR 20.16% * History
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  • Personal Loan Interest Rates - 14.25% * Detail
    Interest Rate :
    14.25% - 16.75%
    Lowest EMI :
    Rs. 2,340 per lakh
    Tenure :
    Max 60 months
    Processing Fee :
    1.99% - 3%
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    is allowed after 1 EMI. can prepay upto 25% in a year without charges
  • This is a notional interest rate to which interest rate on Bajaj Finserv’s floating rate loans is benchmarked
  • Current Bajaj Finserv PLR is 20.16%, which was last updated by Bajaj Finserv on 01st May 14 as per information available with MyLoanCare.
  • Typically, all loans by Bajaj Finserv are priced at a discount to the Bajaj Finserv PLR
  • Applicable rate of interest on all Bajaj Finserv floating rate loans, such as home loans, loans against property, business loans, SME loans linked to PLR will vary with changes in its PLR from time to time
  • Bajaj Finserv decides its own PLR from time to time
  • The RBI or NHB do not mandate or decide the PLR of any NBFC or HFC. Since NBFC’s typically have a higher cost of raising funds and higher cost of operations than those of banks, mostly they tend to offer loans at higher interest rates compared to banks
  • Sometimes, NBFC’s may have different benchmark PLR’s by customer segment and by product. E.g., an NBFC may have one PLR for retail and another one for corporate
  • When pricing a loan, Bajaj Finserv typically offers a discount to the PLR to arrive at its lending rate

Bajaj Finserv PLR Vs. RBI

  • RBI/ NHB require each NBFC/ HFC to set their own PLR rate based on their cost of funds. So, Bajaj Finserv decides its own base rate from time to time based
  • Note that the RBI/ NHB does not decide the PLR rate

Changes in PLR of Bajaj Finserv

  • PLR rate can be revised by Bajaj Finserv periodically in line with changes in interest rates in the market

Bajaj Finserv home loan interest rate and PLR

  • Every floating rate loan sanctioned by Bajaj Finserv is benchmarked to its PLR rate
  • The applicable rate of interest on a floating rate loan will consist of two parts – the applicable PLR and a spread or margin (which is typically negative in case of NBFC’s and HFC’s)
  • Your loan from Bajaj Finserv will be repriced periodically depending upon change in PLR. So, a home loan from Bajaj Finserv will be repriced every time the PLR of Bajaj Finserv changes. Say, you take a loan at PLR minus 6.75% spread when the PLR is 16.25%. This loan will initially be priced at 9.50%. Whenever Bajaj Finserv changes in PLR rate, the applicable rate of interest will change correspondingly.

Past trend of Bajaj Finserv PLR vs RBI Repo Rate

Date PLR
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
01st May 14 20.16%
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
25th Jan 11: 0.25% repo hike by RBI
02nd Nov 10: 0.25% repo hike by RBI
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI

Bajaj Finserv PLR Vs. RBI Repo Rate Trend

About Bajaj Finserv

  • Bajaj Finserv's registered office is located at .
  • Bajaj Finserv's management is led by its CEO .
  • Its current PLR is 20.16%, which was last revised on 01st May 14.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
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News - Oct 2016
22nd Aug 16 Bajaj Finance ties up with India Post to facilitate two-wheeler purchase
Bajaj Auto Finance has joined hands with Indian Post for providing finance on two wheelers purchases. This partnership will facilitate purchase of vehicles in Karnataka and provide geographical diversity to Bajaj Auto Finance. It will also enable the Post Offices to offer value added services to their customers. The companies have signed MoU and have announced a special arrangement which will allow prospective customers to know about various two wheeler loan schemes. This arrangement will be rolled out in 208 Post offices across Karnataka. The customers will also get facility to make repayments of their loans through the Post Offices by their Post office deposits
26th Jul 16 Bajaj Finance Q1FY17 Net Profit increased by 54%
As per the results for Q1FY17, Bajaj Finance reported a 54 percent increase in its Net Profit to Rs 424 crore. The Net interest Income increased by 45 percent to Rs 1,418 crore in quarter ending June 2016. The asset quality remained stable as the company reported Gross NPA of 1.47 percent and Net NPA of 0.41 percent for the June quarter
09th Jun 16 Bajaj Personal Loan Prepayment Charges
Bajaj Finserv has announced that it will now charge 4% foreclosure charges in case the customer forecloses Bajaj personal loan at any time before end of loan tenure. Part payment of Bajaj personal loan has been restricted to 25 percent of loan outstanding after 1 EMI. Surprisingly, the changes are applicable to both new and existing customers. Thus, loans that were booked with nil prepayment and nil foreclosure charges will also be covered by the new rule. The rule applies to Bajaj best selling Flexi and Term Loans.
14th May 16 Bajaj Finserv Announces Flash Sale on Personal Loans
Bajaj Finserv Announces Flash Sale on Personal Loans Offers a rate of interest as low as 12.49% on loan amounts exceeding Rs.6 lakh between May 9 and 15, 2016. The company has been a leading player in the space of personal loans as it offers some unique benefits to its customers. The company offers instant online loan approval with its end to end online Personal Loan solutions. By opting for a Personal Loan from Bajaj Finserv you can get instant approval in 5 minutes and disbursal in your bank within 72 hours.
04th Feb 16 Bajaj Finance net profit up 58 per cent
Bajaj Finance posted a 58% growth in its 3rd qtr net profit due to healthy demand during festive season