Bajaj Finance Personal Loan Interest Rate Calculator - Dec 2016

Bajaj Finserv Personal Loan Interest Rates

Last Updated 18th Nov 2016
Salaried Self Employed
Interest Rate 11.99% - 15.50% 14.00% - 20.00%
Lowest EMI Rs. 2,224 per lakh Rs. 2,733 per lakh
Loan Tenure From 12 months to 60 months From 12 months to 48 months
Loan Amount Min Rs. 100,000 and Max Rs. 2,500,000 Min Rs. 500,000 and Max Rs. 3,000,000
Processing Fee 1.99% - 3% 2%
Age Min 25 years and Max 60 years Min 25 years and Max 65 years
Prepayment Charges Allowed after 1 EMI's, can prepay upto 25% in a year without charges Allowed after 1 EMI's, can prepay upto 25% in a year without charges
Foreclosure Charges Allowed after 1 EMI's, with 4% charges on outstanding principal Allowed after 1 EMI's, with 4% charges on outstanding principal
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 Salaried   Self Employed - Professional   Self Employed - Business 

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Bajaj Finserv Personal Loan

Bajaj Finserv gives the facility of personal loan to the people who want money to achieve their urgent requirements. There are some features and benefits of taking personal loan from Bajaj Finserv:
  • Loan disbursal in 72 hours of approval
  • Online loan application and approval on MyLoanCare
  • Prepayment option available
    • Bajaj Finserv has been rated 3.5/5.0 by customers for its service quality on MyLoanCare
    • Bajaj Finserv offers special schemes and discounts for employees of large companies.
    Bajaj Finserv Personal Loan Interest Rate depends upon
    • Loan amount: Personal loan rate in Bajaj Finserv depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
    • Company where you work: Bajaj Finserv has a list of companies to which they lend personal loan. Interest rate will be less if your company is listed
    • Your Salary: Income helps you in determining your rate of interest. Bajaj Finserv interest rate varies with your monthly income. Higher the income, less will the rate of interest

    Personal Loan Bajaj Finserv Charges

    Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Bajaj Finserv allows prepayment of personal loan after paying 1 EMI’s with 1 prepayment charges
    Processing Fee- Bajaj Finserv asks for a processing fee of 1.99% - 3% of loan amount with applicable service tax

    Bajaj Finance Personal Loan EMI Calculator

    Personal Loan EMI of Bajaj Finserv is a fixed amount that you pay each month towards the repayment of your personal loan till the end of tenure. Lowest EMI offered by Bajaj Finserv is Rs. 2,224 per lakh loan amount. Personal Loan EMI of Bajaj Finserv depends on factors like:
    • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
    • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
    • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount
    What are the benefits of calculating Personal Loan EMI?
    • Personal Loan EMI calculator of Bajaj Finserv helps you to calculate your monthly EMI at different rate of interest
    • Bajaj Finserv EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
    • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
    Estimated EMI online by using EMI Calculator.

    Bajaj Finance Personal Loan Eligibility Calculator

    Personal Loan eligibility criteria Bajaj Finserv
    Eligibility of personal loan in Bajaj Finserv relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
    • Age: Age plays an important role to know your eligibility and repayment capacity. Citibank offers personal loan to salaried individuals who are atleast 25 years old at the time of loan approval and maximum 60 years at the time of loan maturity. Self employed individuals with age of atleast 25 years and maximum 65 years at the time of loan maturity can apply for personal loan from Bajaj Finserv
    • Income: Bajaj Finserv Loan eligibility significantly depends upon your income. Usually bank set minimum levels of income to apply for personal loan. Bajaj Finserv asks for net monthly income of minimum Rs. 40,000.
    • Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from Bajaj Finserv. In case you are salaried, you must be in a full time job for at least 36 months of which not less 1 months must be with your current company. In case you are self-employed, you must be in current profession or business for at least 0 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Other than job stability, profession is also an important factor which can affect your Bajaj Finserv eligibility. If you are working with a reputed company, probability of getting personal loan from Bajaj Finserv increases as the income is considered to be more stable
    • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
    • Loan Amount: Bajaj Finserv gives you personal loan depending upon your income. Bajaj Finserv gives you an amount ranging from Rs. 100,000 to Rs. 2,500,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
    Estimated eligibility online by using Eligibility Calculator.
    Maximum Annual Percentage Rate (APR) 12.39% to 15.9%
    Representative example of the total cost of the loan, including all applicable fees
    Here is an illustration of the total cost of the loan:
    • Total amount borrowed: Rs. 100,000
    • Time period: 12 months to 60 months
    • Bajaj Finserv Personal Loan Interest Rate: 11.99% to 15.50%
    • Processing Fee payable to Bajaj Finserv: Upto Rs. 2,000. Current offer for processing fee is 1.99% - 3%
    • Fee payable to MyLoanCare: NIL
    • Total Monthly Cost – From Rs. 2,224 for a 60 months Rs. 100,000 loan at 11.99% (lowest rate, longest time period) to Rs. 9,049 for a 12 months Rs. 100,000 loan at 15.50% (highest rate, shortest time period). This is inclusive of principal repayment.
    • Annual Percentage Rate (APR) of charge including all applicable fees: 12.39% to 15.9%
    • Total cost payable over loan tenure: Rs. 10,593 for 12 months loan to Rs. 35,436 for 60 months loan
    Bajaj Finserv’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure - 12 months. Rate of interest depends upon company categorization, income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of Bajaj Finserv.

    Bajaj Finserv Personal Loan Top up, Transfer

    Transfer of personal loan from another bank to Bajaj Finserv?
    Bajaj Finserv offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Bajaj Finserv
    You can avail additional top-up personal loan from Bajaj Finserv, subject to your eligibility

    Personal Loan Bajaj Finance documents required

    Personal loan for Salaried employee Bajaj Finserv documents required

    • Filled up loan application form
    • Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – months payslip, years Form 16, months bank statement showing salary credit and any EMI debit

    Personal loan for Self-Employed Bajaj Finserv documents required

    • Filled up loan application form
    • 1 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 3 months bank statement
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof

    Compare Bajaj Finance Personal Loan

    Bajaj Finance Personal Loan in India

    Bajaj Finserv Personal Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 1800-103-3535
    Ahmedabad 1800-103-3535
    Ambala 1800-103-3535
    Anand 1800-103-3535
    Aurangabad 1800-103-3535
    Bangalore 1800-103-3535
    Bhilai 1800-103-3535
    Bhilwara 1800-103-3535
    Bhiwadi 1800-103-3535
    Bhopal 1800-103-3535
    Bhubaneswar Cuttack 1800-103-3535
    Bikaner 1800-103-3535
    Chandigarh 1800-103-3535
    Chennai 1800-103-3535
    Cochin 1800-103-3535
    Coimbatore 1800-103-3535
    Dehradun 1800-103-3535
    Delhi 1800-103-3535
    Durg 1800-103-3535
    Faridabad 1800-103-3535
    Gandhinagar 1800-103-3535
    Ghaziabad 1800-103-3535
    Goa 1800-103-3535
    Greater Noida 1800-103-3535
    Gurgaon 1800-103-3535
    Guwahati 1800-103-3535
    Gwalior 1800-103-3535
    Hyderabad 1800-103-3535
    Indore 1800-103-3535
    Jabalpur 1800-103-3535
    Jaipur 1800-103-3535
    Jalandhar 1800-103-3535
    Jodhpur 1800-103-3535
    Kanpur 1800-103-3535
    Karnal 1800-103-3535
    Kolhapur 1800-103-3535
    Kolkata 1800-103-3535
    Kota 1800-103-3535
    Kozhikode 1800-103-3535
    Lucknow 1800-103-3535
    Ludhiana 1800-103-3535
    Madurai 1800-103-3535
    Meerut 1800-103-3535
    Mehsana 1800-103-3535
    Mohali Sas Nagar 1800-103-3535
    Mumbai 1800-103-3535
    Mussoorie 1800-103-3535
    Nagpur 1800-103-3535
    Nashik 1800-103-3535
    Noida 1800-103-3535
    Noida Extn. 1800-103-3535
    Panipat 1800-103-3535
    Patna 1800-103-3535
    Pondicherry 1800-103-3535
    Pune 1800-103-3535
    Raipur 1800-103-3535
    Rajkot 1800-103-3535
    Ranchi 1800-103-3535
    Rohtak 1800-103-3535
    Roorkee 1800-103-3535
    Salem 1800-103-3535
    Shimla 1800-103-3535
    Sonepat 1800-103-3535
    Surat 1800-103-3535
    Trichy 1800-103-3535
    Udaipur 1800-103-3535
    Vadodara 1800-103-3535
    Varanasi 1800-103-3535
    Vijaywada 1800-103-3535
    Vizag 1800-103-3535
Bajaj Finance Personal Loan News - Dec 2016
02nd Dec 16 Bajaj Finance to provide an attractive offer to personal loan buyers
Bajaj Finance, a lending arm of Bajaj Financial Services has announced an attractive offer to boost up the personal loan business. Under the offer, company will provide free airline vouchers of Rs. 12,000 to the customers availing personal loan. Personal loan buyers will also get an extra benefit of selecting the destination of their choice. The offer is valid from 28th November to 4th December, 2016.
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.
*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.