Bajaj finance personal loan
Bajaj finance personal loan Do you need money to take care of your immediate needs? A personal loan can help you get through your financial obstacles, whether it’s for a wedding, home renovation, medical emergency, or any other personal need. The Bajaj Finance Loan Amount is one such choice.
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One of the top non-banking financial businesses in India is Bajaj Finance Ltd, a division of Bajaj Finserv. To meet people’s financial needs, it provides a variety of financial products, such as personal loans.We’ll provide you all the details you want about the Bajaj Finance Personal Loan in this post, including its features, eligibility, interest rates, and application process.
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Features of Bajaj Finance Personal Loan
Eligibility Criteria for Bajaj Finance Personal Loan
Interest Rates and Charges for Bajaj Finance Personal Loan
Documents Required for Bajaj Finance Personal Loan
How to Apply for Bajaj Finance Personal Loan?
What is a personal loan from Bajaj Finance?
Financing by Bajaj A personal loan is an unsecured loan that may be utilized to cover a variety of individual expenses, including unexpected medical costs, home renovations, wedding costs, vacation, and other necessities. A personal loan is a popular approach since it does not demand collateral, unlike secured loans.
Benefits of a personal loan from Bajaj Finance
Flexible Loan Amount
Dependent on your qualification and credit score, Bajaj Finance Personal Loan provides loan amounts between Rs. 1 lakh and Rs. 25 lakhs.
Simple Repayment
You have a choice of flexible repayment terms, from 12 to 60 months, for your Bajaj Finance Personal Loan.
The loan amount is debited from your account within 24 hours of approval for the Bajaj Finance Personal Loan, which has a rapid disbursal process.
Online Account Management:
You may view statements, make the payments, and more for your Bajaj Finance Personal Loan account online
Pre-approved Offers:
Existing clients of Bajaj Finance Personal Loan can apply for loans faster quickly and easily by taking advantage of pre-approved loan offers.
Eligibility Criteria for Bajaj Finance Personal Loan
- Nationality: Indian
- Age: 21 years to 80 years*.
- Employed with: Public, private, or MNC.
- CIBIL score: 750 or higher.
- Monthly salary: Starting Rs. 22,000, based on the city you live in.
Interest rates and fees for a personal loan from Bajaj Finance
Interest rates for Bajaj Finance Personal Loans begin at 12.99% per annum. The interest rate may change depending on the loan amount, term, credit score, and applicant’s profile, among many other things. The fees for a personal loan from Bajaj Finance are as follows:
4.13% of the loan amount as a max processing fee.Prepayment penalties: up to 4% of the principal balance.
Late Payment Fees: Up to 2% of the amount past due per month Penalties for foreclosure: up to 4% of the owed principal.
Documents Required for Bajaj Finance Personal Loan
- KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
How to Apply for Bajaj Finance Personal Loan ?
You can apply for Bajaj Finance Personal Loan online by following these simple steps:
Step 1: Visit the Bajaj Finance website or download the Bajaj Finserv app on your mobile phone.
Step 2: Click on the ‘Personal Loan’ option and enter your personal and professional details.
Step 3: Choose the loan amount and tenure as per your requirement.
Step 4: Submit the required documents, including identity proof, address proof, income proof, and bank statements.
Step 5: Once your application is approved, the loan amount will be credited to your account within 24 hours.
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