Bajaj Finserv Personal Loan

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Get Bajaj Finserv Personal Loan at lowest interest rates

  • Loan Amount: Upto Rs. 25 lakh
  • Processing Fees: Upto 3.99%

Apply for Personal Loan Starting From 10.50%*

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 23/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 23/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :23/01/2020

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हिंदी में पढ़े
Updated: 23-01-2020 10:22:11 AM

Bajaj Finserv offers personal loans to meet various types of expenses that may arise due to financial emergency or a planned expenditure such as a vacation or home renovation. Apart from flexible end-use and loan tenure of up to 5 years, Bajaj Finserv personal loan disbursals can be up to Rs. 25 lakh without the need for any collateral. In some cases, a higher loan amount and a longer tenure may also be applicable!


Features

  • High loan amount: Personal loans offered by Bajaj Finserv can feature disbursal as high as Rs. 37 lakh without need for any collateral
  • Minimal Documentation: Bajaj Finserv personal loans require minimal documentation which ensures ease of the application process
  • Flexible tenure: At Bajaj Finserv, you can repay your personal loan within tenure ranging from 12 to 96 months. You can decide the desired tenure as per your repayment ability
  • Pre-approved offers: If you are an existing customer, you can share your basic contact details and OTP to check your pre-approved personal loan offer
  • EMI Network Card offer: In case you already have a personal loan from Bajaj Finserv, you have the option of availing various offers provided by the Bajaj Finserv EMI Network Card.

Interest Rates

Type of Personal LoanInterest Rate (p.a.)
Personal Loan12.99% onwards
Flexi Loan12.99% onwards
Personal Loan For Wedding12.99% onwards
Personal Loan For Travel12.99% onwards
Personal Loan For Medical Emergency12.99% onwards
Personal Loan For Doctors14% to 16%
Personal Loan For Chartered Accountant14% to 15%
Personal Loan For Self- EmployedStarts from 18%

Eligibility Criteria

The eligibility for a Bajaj Finserv personal loan tends to vary slightly depending on the type of loan that you have opted for. However some of the common eligibility criteria for these unsecured loans are as follows:

  • You should be a resident of India
  • You should be at least 23 years old
  • Your maximum age should be 55 years
  • The applicant must be residing in any of the eligible cities

A) For Salaried applicants

  • Applicant must be a salaried professional in a MNC (Multinational Corporation), private or public company.
  • The minimum salary per month should be as follows*:
CityMinimum Salary Per Month
Bengaluru, Delhi, Pune, Mumbai Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida and ThaneRs. 35,000
Goa, Lucknow, Baroda, Indore, Bhubhaneshwar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut and RajkotRs. 25,000
Ahmedabad, KolkataRs. 30,000
Jaipur, Chandigarh, Nagpur, Surat, CochinRs. 28,000

*As provided by Bajaj Finserv as of January 2020.

B) For Self-employed

  • Your business should be running for at least 3 years
  • Your business should have filed ITR returns in at least the past year

C) For Doctors*

Type of ApplicantDoctor Loan Qualifying Criteria
Super-specialist doctors (MS/MD/DM)No minimum post-qualification experience required
Graduate Doctors (MBBS)Minimum 2 years of post-qualification experience required
Dentists (BDS/MDS)Minimum 5 years of post-qualification experience required
Ayurvedic and Homeopathic Doctors: BHMS/BAMSMinimum 6 years of post-qualification experience required, and must own a house or clinic
Homeopathic Doctors: DHMSMinimum 15 years of post-qualification experience required, and must own a house or clinic

*Data as provided by Bajaj Finserv as of January 2020.

D) For Chartered Accountants

  • Have a COP (Certificate of Practice) that is active for a minimum of 4 years
  • Own a house/office (at a location where Bajaj Finance Ltd operates)

Types of Bajaj Finserv Personal Loans

Type of Personal LoanInterest Rate (p.a.)
Flexi Loan12.99% onwards
Personal Loan for Wedding
Personal Loan for Travel
Personal Loan For Medical Emergency
Personal Loan For Doctors14% onwards
Personal Loan For Chartered Accountant14% onwards
Personal Loan For Self- Employed18% onwards

1. Flexi Loans

Based on your credit score, Bajaj Finserv offers you access to various pre-approved personal loan offers. If you opt for a flexi loan, you pay interest on only the amount that you utilize and not on the total amount sanctioned. This type of personal loan is offered to salaried individuals and self- employed individuals, businessmen and professionals.

2. Personal Loan for Wedding

Planning your dream wedding? You can avail a personal loan for wedding of up to Rs. 25 lakh to deal with various expenses like venue, catering, accommodation for guests, jewelry, invitation cards, etc. Also, you can conveniently repay the loan with a flexible tenure ranging from 24 to 60 months.

3. Personal Loan for Travel

If you are planning to travel the world anywhere with your friends or family, you can apply for Bajaj Finserv travel loan. The maximum limit for travel loan is Rs. 25 lakh. This loan helps you to have a stress- free vacation as it can be used to manage various expenses like ticket bookings, accommodation, sight-seeing expenses, etc.

4. Personal Loan for Medical Emergency

To cover emergency medical expenses for yourself or your loved ones, you can apply for a Personal Loan for Medical Emergency. This personal loan from Bajaj Finserv can be easily used to pay hospitalization and other medical bills without any inconvenience. Later, you can repay the loan in easy EMIs within flexible tenure ranging from 24 to 60 months.

5. Personal Loan for Doctors

With quick processing and hassle-free documentation, a doctor can avail the personal loan for Doctors from Bajaj Finserv. Offering an amount of up to Rs. 37 lakh, this loan may be disbursed with 24 hours and can help you to fulfil various personal needs. This personal loan features a tenure ranging from 12 to 96 months.

6. Personal Loan for Chartered Accountant

Easy to apply and quick to avail just by submitting a few documents, a Personal Loan for Chartered Accountant can be applied up to Rs. 35 lakh from the comfort of your home or office. The loan amount can be used to fulfil any personal need of a CA. Also, the loan amount can be easily repaid within a flexible tenure ranging from 12 to 60 months.

7. Personal Loan for Self- Employed

Self-employed individuals can opt for a personal loan for of up to Rs. 30 lakh to meet various business and personal expenses like wedding, debt consolidation, working capital, purchase of new equipment or machinery, etc.

Documents Required for Loan Application

Some key documents that are mandatorily required when applying for a personal loan with Bajaj Finserv are as follows:

  • PAN Card
  • KYC Documents – Aadhaar, Driving License, Voter ID Card, etc.
  • Recent photograph

a. Additional documents required for salaried individuals

  • Form 16 or latest salary slips
  • Bank account statements of previous 6 months

b. Additional documents for Self-Employed Individuals, Businessmen, and SMEs(Small and Medium Enterprises)

  • Business Proof (Certificate of business existence)
  • Business relevant financial documents (if annual turnover exceeds Rs. 1 crore)
  • Bank account statements
  • Certified copy of previous year’s income tax return (ITR)

c. Additional documents required in case of personal loan for Chartered Accountant

  • Certificate of Practice (COP)
  • Bank statement

d. Additional documents required in case of personal loan for Doctors

Medical Registration Certificate

Know More About: Bajaj Finserv Personal Loan Documents Required

How to Apply For Bajaj Finserv Personal Loan with Paisabazaar.com?

The following is a step-by-step guide if you want to apply for a personal loan from Bajaj Finserv on Paisabazaar.com website:

  • How to Apply For Bajaj Finserv Personal Loan with Paisabazaar.comFill out the online loan application form on Paisabazaar.com
  • Check offers from various prospective lenders sorted by chances of approval
  • Select the loan offer(s) from Bajaj Finserv (if available) or call Paisabazaar for assistance
  • Provide a few additional details about yourself on an online form so that your personal loan application can be forwarded to your chosen lender

Personal Loan Verification Process

  • After Paisabazaar forwards your completed online application, the lender’s representative will give you a verification call to schedule pick-up of loan applicable documents.
  • Once you have provided all the required documents such as KYC, income proof, etc. documents they are verified by the lender
  • After verification, you get another call from the bank with confirmation of the final loan amount, interest rate and tenure of your personal loan
  • Once the bank gets the confirmation from your side that the loan terms are acceptable, the loan amount is disbursed

Check Personal Loan Application Status

In case you have applied for a Bajaj Finserv personal loan, you can easily check the loan application status online. Details that need to be provided to check status of your application is your mobile number (as on loan application). Use the OTP sent to your mobile to check loan application status.

Alternatively, you can also logon to your online account or the official Bajaj Finserv Mobile App to know the status of your personal loan application.

Fees and Other Charges

Processing feesUp to 3.99% of the loan amount
Bounce ChargesRs. 600 – 1200 per instance (Inclusive of applicable taxes)
Penal interest2% of EMI amount per month + applicable taxes or Rs. 200 per month (including taxes), whichever is higher
Secure fee (only for online approvals)Rs. 4,499
Outstation cheque collection chargesRs. 65 + applicable taxes per repayment instrument
Part-payment charges2% of amount prepaid (minimum 2 EMI )+ taxes as applicable
Foreclosure charges4% on principal amount outstanding as of date or foreclosure.

How to Login on Bajaj Finserv Portal?

  • Go to the Bajaj Finserv homepage and click on Customer Portal under the My Account menu as shown:

On Bajaj Finserv Homepage, Click on Customer Portal

  • Login using your customer ID, email ID or mobile number on the customer portal as shown below. Once logged in, you can perform key actions such as check your current loan details, apply for a new loan, check your eligibility for new loan, etc.

Login using customer id and mobile number at the portal

How to Check Loan Statement

  • Login into the Bajaj Finserv Customer portal using your customer ID, e-mail ID or mobile number
  • Select ‘Services’
  • Click on ‘View Details’ mentioned under the loan type
  • Go to the e-statements header
  • Click to Download your loan e-statement (if you have a currently outstanding personal loan)

EMI Calculation

The following personal loan EMI calculation is an illustration of how the monthly EMI of a Bajaj Finserv PL changes based on loan tenure, loan principal and interest rate.

Loan principal @ interest

Tenure

1 year2 years3 years4 years5 years
1 lakh @ 12.99%Rs. 8,931Rs. 4,753Rs. 3,368Rs. 2,682Rs. 2,274
2 lakh @ 13.06%Rs. 17,869Rs. 9,514Rs. 6,744Rs. 5,371Rs. 4,556
4 lakh @ 13.25%Rs. 35,773Rs. 19,063Rs. 13,525Rs. 10,780Rs. 9,152
6 lakh @ 13.75%Rs. 53,801Rs. 28,736Rs. 20,433Rs. 16,320Rs. 13,883

Comparison of Bajaj Finserv PL VS Other Lenders

Comparison CriteriaBajaj FinservAxis BankHDFC BankCiti BankICICI Bank
Interest RateStarting from 12.99%12% to 24%11.25% to 21.50%Starting from 10.99%11.50% to 19.25%
Tenure12 to 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountUpto Rs. 25 lakhRs. 50,000 to Rs. 15 lakhUpto Rs. 40 lakhUpto Rs. 30 lakhUpto Rs. 20 lakh
Processing FeeUp to 3.99% of the loan amountUpto 2% of loan amount plus GSTUpto 2.50% of the loan amountUpto 3% of the loan amountUpto 2.25% of loan amount plus GST

Bajaj Finserv Customer Care

  • Phone: You can call Bajaj Finserv Customer Care on 0869-801-0101
  • Online Help: You can raise an online helpdesk request with details of your issue here
  • Branch Visit: You can visit the nearest branch of Bajaj Finserv to seek help regarding your personal loan
  • Missed Call:  You can give a missed call on 981-085-2222 from your registered mobile number and get instant assistance.
  • SMS: You can send an SMS ‘HELP’ to 91-92275-64444 to contact Bajaj Finserv customer care.

Benefits of Applying for Personal Loan at Paisabazaar

  • Convenient: You can conveniently apply for a personal loan at Paisabazaar from the comfort of your home or office. The online process is easy to complete and saves a lot of time and energy
  • Quick processing: Once you fill the form with necessary details, Paisabazaar quickly processes your personal loan application by moving it forward to the bank
  • Compare and choose: Paisabazaar lets you compare interest rates and other features such as foreclosure charges, processing fees, disbursal offered by various lenders. This way, you get to choose the bank offering the lowest interest rate to make your EMIs affordable
  • End- to- end assistance: At Paisabazaar, you get an end-to-end assistance from the customer care team so that your application process is smooth and hassle- free

Important Aspects

  • Check your credit score: A credit score is a 3- digital number that represents your creditworthiness on the basis of your past repayments and current debt. You will tend to have a good score if you have made all your credit card and loan payments on time and maintained a low debt to credit ratio.
  • Evaluate your ability to repay: The easiest way to evaluate your ability to repay a personal loan is to check your monthly EMIs before applying for a loan. You can use Paisabazaar’s Personal Loan EMI Calculator to try different combinations of loan amount, tenure and interest rate and then choose a desired combination as per your repayment ability
  • Know all fees and charges: Apart from the interest rate, there are many other fees and charges associated with a personal loan. These include processing fees, late payment charges, foreclosure charges, part prepayment fees, etc. It is important to ask your lender about all these charges to avoid any shock in future
  • Compare multiple options: When you compare interest rates and other loan features offered by various lenders on financial platforms like Paisabazaar, you can opt for a personal loan option that suits you unique requirements

FAQs

Q1. What should be my credit score to apply for Bajaj Finserv Personal Loan?

You should ideally have a good credit score (usually 750 or above) to get your personal loan application accepted by a bank. However, you can also apply for Bajaj Finserv Personal Loan even if you have a lower score, but your chances of approval will be lower in such

Q2. How do I repay my personal loan?

You can repay the loan in EMIs by using ECS or though post- dated cheques.

Q3. What if I have not received the welcome kit?

You can write to cs@bajajfinserv.in and the kit would be resent to your registered address.

 Q4. How and when can Flexi Loan be foreclosed?

In case of a flexi loan you can make part pre-payment or foreclosure without incurring any additional fees. The pre-payment of a flexi loan can be made by RTGS only to the assigned account provided to the applicant by Bajaj Finserv.

Q5. When will I receive my Experia login ID and password?

You will get your Experia login ID and password with the welcome kit after you loan amount is disbursed and your customer ID is activated. Also, a SMS would also be sent to your registered mobile number within 10 days of loan disbursal.

Q6. Can I make a part prepayment on my personal loan?

Yes, you can make a part- prepayment after payment of the 1st loan EMI. Part-prepayment amount should be equal to or greater than amount equal to 2 EMI.

Q7. How much time will it take for my Bajaj Finserv Personal loan to get disbursed?

Usually, a personal loan gets disbursed within 24 hours of the personal loan application being approved.

Q8. How will I know if I am pre- approved for a personal loan from Bajaj Finserv?

If you are existing customer you can check if you are pre- approved for a personal loan online. Just visit the Bajaj Finserv Pre-approved Offers  page and share your basic contact details – Name and Mobile Number to generate an OTP and check available offers.

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Bajaj Finserv Personal Loan
(3.7/5 ) 6 Reviews
Write a review
Feb 7 , 2017
1/5
Worst Service

This is one the worst finance company. There customer service is pathetic.

Dec 28 , 2016
4/5
Very happy with the low interest rates

I am very happy that this bank provides personal loan schemes at such low interest rates. The bank has a very quick system of document verification and loan processing. I received my loan amount very quickly and without any hassle in verification or ..Read more...

Dec 28 , 2016
3/5
So far great

I wanted to travel it was long time desire. So I was planning to take a personal loan. I came across Bajaj Finserv loan schemes and they have very low interest rates with minimal charges. This is a very good bank and I am very happy with the services..Read more...

Dec 28 , 2016
4/5
Good

Bajaj Finserv is a very good bank for any loan scheme. I applied for my loan scheme very easily with minimal documents. My loan got processed very quickly at a very low interest rate on my EMIs. Good bank with good schemes!

Dec 28 , 2016
5/5
Super excited to get my loan.

I am so happy that my loan amount request got approved at a very low interest rate so smoothly. This bank has very good system of loan approvals and process. I simply logged into their website and applied for my loan in quick steps. Later I got a fol..Read more...

Dec 28 , 2016
5/5
Happy and Satisfied

This is a very good bank for personal loan. I got my loan approved at 11.49% p.a only. The bank personnels are very professional and well trained. I got my documents approved without any problem. Very happy with their services and my loan scheme!

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