Bajaj Finserv Personal Loan - Affordable Interest rates @12.99% p.a

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Bajaj Finserv Personal Loan Interest Rate 2021

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Description

• Bajaj Finserv provides highly customized personal
  loans to address the unique needs of loan
  seekers. And the process is quick and hassle-free
  to meet the urgent needs. Bajaj Finserv personal
  loan products are known for their highly
  competitive interest rates and are earmarked for
  both the salaried self-employed class. 
• Some of the most popular personal loan schemes of
  Bajaj Finserv are
• Flexi Loan
• Lifestyle Finance Personal Loan
• Digital Product Finance Loan
• Durable Finance Personal Loan
• Medical Emergency Loan
• PLOC Loan

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Bajaj Finserv personal loan interest rates and
charges 2021
Category Rate/Charge
Interest rate Starts from 12.99 onwards
Maximum Loan amount Rs 25 lakhs
Loan Tenure 12 to 60 months
Processing Fee Up to 3.99  of the loan amount GST as applicable
Prepayment Charges 2 of the amount paid Taxes (allowed only after 1st EMI)
Foreclosure Charges 4 of the amount paid Taxes (allowed only after 1st EMI)
Cheque Bounce Charges  Rs.600-1200 Per bounce (Inclusive of applicable taxes)
Secure Fee ( for online approvals only) Rs 4499
Penal Interest 2 of EMI amount per month taxes or Rs 200 per month, whichever is higher
Outstation collection charges Rs 65 Taxes as applicable
Mandate Rejection Service Charge Rs 450 Taxes as applicable
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Personal loan interest rates from Bajaj Finserv?

• Opt for a floating rate of interest 
• Also known as the variable interest rate,
  floating interest rates vary with the
  fluctuations in the market. It gives you the
  benefit of getting a low-interest rate if the
  market rate goes down at any point in your loan
  tenure. 
• Most people are tempted to go for fixed interest
  rates as they like to stay safe from the
  unpredictable fluctuations in the market. The
  fixed rates are kept at higher levels than the
  floating rates at the beginning and remain
  unchanged throughout the loan tenure. On the
  other hand, the floating interest rates are
  offered a bit lower at the beginning, only to be
  adjusted with the prevailing market rates later
  on.  
• A study of the market would reveal that it is
  more feasible to opt for the floating personal
  loan interest rate. It will help you to get the
  best interest rates from Bajaj Finserv. If you go
  for a short-term personal loan from them, you are
  more likely to repay it before the interest rate
  becomes too high later on. 

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Personal loan interest rates from Bajaj Finserv?

• Check your credit score periodically and look for
  ways to improve it
• Before you apply for a Bajaj Finserv personal
  loan, you must check your credit score. Credit
  bureaus such as CIBIL and Experian usually
  provide personalized credit reports inside 24
  hours. A higher credit score will project you to
  be more creditworthy to Bajaj Finserv. On the
  other hand, with a bad credit score, your loan
  application will be in danger of getting
  rejected.  Also, you may be levied higher
  interest rates as compared to borrowers with
  better credit scores. Some ways to improve credit
  score are listed below-
• Check your credit reports for accuracy
• Avoid the tendency to buy new credit cards
• Leave open unused credit accounts
• Pay off dues on time
• Do not apply for credit accounts too often
• Opt for seasonal offers

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Features of the Bajaj Finserv personal loan
Some of the useful features of the Bajaj Finserv
personal loan are as follows-
Competitive interest rate starting at 12.99 p.a.  Exclusive pre-approved offers for existing Bajaj Finserv customers Simplified documentation Speedy procedure. Online personal loan approval in 5 minutes and cash to account within 72 hours Diverse personal loan options based on customer requirements Flexible repayment tenure ranging from 12 months to 60 months Multiple loan repayment options such as PDCs ECS You can get real-time alerts on matters related to your personal loan through an exclusive online account
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About Bajaj Finserv

• Bajaj Finserv, a Non-banking Financial Services
  Company, is based in India and instrumental in
  offering a diverse range of asset management,
  lending, insurance, and wealth management
  services to its customers through its efficient
  delivery channels. It was established in the year
  2009, as a venture of Bajaj Holdings and
  Investments Limited Company. The firm enjoys an
  extensive network of more than 1,400 branches
  across the country with staff strength of around
  20,000. The company was even ranked 119th among
  top 500 companies earmarked by the Economic Times
  in 2014.

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