|Rate of interest||Starts from 11.99% per annum|
|Amount of loan||1 lakh to 25 lakh|
|Tenure of the loan||24 to 60 months|
|Lowest EMI||Rs.2,224 per month (It is calculated on the least loan amount for the maximum tenure at the lowest interest rate presented.).|
|Processing Fee||2.25 to 3 % of the loan value.|
|Age||25 to 53 years|
|Prepayment Fee||2% + taxes applicable on value paid
*Partial Prepayment permissible if 1 EMI is paid.
|Foreclosure Fee||4% + taxes applicable on the outstanding principal amount.|
Bajaj Finserv offers ample of personal loans to its customer considering general factors such as CIBIL report, customer’s credit history, repayment capacity, monthly income, etc. the interest rates applied is generally 16%. The processing fee, in addition, shall be 2 to 3% of the loan amount. The company charges Rs 1000 on EMI bounce as 2% as penal charges every month. However, no foreclosure penalties apply on the foreclosure of the loan.
Things you should know about the interest rates applicable on Bajaj Finserv Personal loans
401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614