Bajaj Finserv Personal Loan Interest Rate is between 12.99% and 15.50%. The loan amount is between Rs. 1 lac and Rs. 25 lac. The tenure ranges between 12 months and 60 months. The lowest EMI per lakh is Rs. 2,275 considering 60 months tenure and 12.99% rate. This NBFC offers personal loans to both salaried and self-employed professionals. The age eligibility for borrowers is between 25 years and 58 years. A few of the personal loan schemes by this financial institution includes:
In the below-given post, we will discuss about the features of Bajaj Finserv Personal Loan Interest Rate, its details, factors that influence the rate of interest, other charges, loan cost illustration, EMI calculation, interest calculation, and frequently asked questions.
Below given are the features of personal loan interest rate Bajaj Finserv:
The rate of interest by Bajaj Finserv for personal loan is between 12.99% and 15.50%. Borrowers with a strong CIBIL score, with stable employment history, and working for reputed organizations receive the best offered rate. This financial institution has special schemes for government employees, armed forces, and defense. The rates offered to defence personnel and government employee is different than that for private salaried borrowers.
Below provided is information on personal loan schemes and respective interest rates by the NBFC:
Existing customers can take a top-up on their personal loan. The top up facility is only available to borrowers with a regular repayment track record on the loan running with Bajaj Finserv. The new loan is available at a similar rate of interest as that of the existing personal loan. So, the current rate of interest on the top-loan starts from 12.99%.
Apart from the interest rate, there are other charges applicable on your personal loan that you need to check.
Bajaj Finserv provides the best interest rate after assessing your monthly income, loan amount, tenure, financial liabilities, employment history, and a lot more. The below given are factors that impact the decision of the NBFC about the applicable rate of interest:
Here is the example on the total cost of personal loan Bajaj Finserv:
EMI is the equated monthly instalment. You need to pay this amount towards the loan repayment till end of tenure. The EMI is to be paid on a fixed date every month. The lowest EMI per lac offered by the NBFC is Rs. 2,275. This EMI amount is on the basis of 60 months tenure at 12.99% interest rate. Below mentioned is an example of different loan amount and EMI calculation over different tenures.
Below mentioned is the interest calculation for personal loan Bajaj Finserv. The applicable rate is 12.99% while the loan amount is Rs. 1 lac.
Below-mentioned are the frequently asked questions about personal loan interest rates and schemes by Bajaj Finserv:
This is a loan facility like an Overdraft. You can deposit, withdraw, and prepay through the loan account. You need to only pay interest on the used amount.
This loan is for borrowers who wish to get the latest renovations and interiors for their dream home. The Lifestyle finance personal loan comes as a pro-approved scheme, and a top-up scheme for existing borrowers. The loan is available for customers who are between 25 years and 58 years of age.
This loan helps the borrower to pay in easy monthly instalments for purchase of lifestyle products such as electronic gadgets and appliances such as computer accessories, kitchen appliances, music system, etc. You can close the loan without paying any additional charges. The loan is available for customers who are between 25 years and 58 years of age.
With this loan, you can purchase digital products such as laptop, smartphone, tablet, etc. You can repay in easy EMIs. The loan is approved instantly with minimal documentation at the partner stores. The loan amount is between Rs. 10,000 and Rs. 1 lac. The loan is available for customers who are between 25 years and 58 years of age.
Bajaj Finserv offers Line of Credit to manage your cash flow in an effective manner. You have to pay the interest on only the used-up amount. Here, you can withdraw amount and prepay as per the credit limit approved during the loan agreement.
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