Features & Criteria of Bajaj Finance Personal Loan

The Bajaj Finance is a Non-Banking Financial Company (NBFC), giving a chance to all the salaried professional to avail a personal loan for themselves. If you earn and still need funds to fulfill your need, Bajaj Finance is giving you the opportunity to get the funds to meet your demands.

The funds can be used for various purpose ranging from travelling, medical emergencies, payments of pending bills, marriage expenditure, child's education etc. It helps you to live your dreams without worrying about the lack of funds. It has a track record of being one of the quickest  disbursal of funds among several other NBFC”s. Bajaj Finserv Personal Loan approves the loan amount from INR 1,00,000 to 25,00,000.  

The Personal Loan does not need any co-applicant or guarantor. If you are an existing customer of Bajaj Finances, then you will get the facility of pre -approved loan offers.

Eligibility criteria for Bajaj Finance Personal Loan-

The eligibility criteria that decides your chances to avail a personal loan from Bajaj Finance are mentioned below:

• The applicant needs to be a salaried professional, working with a good Indian or International organisation.
• The applicant should come under the age group of 25- 53 years.
• The applicant should have the minimum net monthly salary under INR 30,000 to 40,000(it  varies according to the cities).

Documents required for the Bajaj Finance Personal Loan-

• Coloured Passport size photographs
• Employee ID proof
• Identity Proof (any one of the following)- Passport, PAN Card, Voter ID,driving license
• Address proof (any one of the following)- Passport, Driving License,Ration Card, Latest Mobile Bill, letter from employee (with HR or Admin Sign).
• Last 2 months Salary Slip
• Last 3 months Salary Bank Account Statement

Details of Bajaj Finance Personal loan -

The fees and interest rate provided by bajaj finance personal loan details are mentioned below:

• Rate of interest- 15% - 17%
• Processing Fees- 2.25%-3% of the loan amount
• EMI Bounce charge- INR 1,000 for every bounce
• Penal interest-  2.00%p.m
• Tenure of Loan- 12 to 60 months.

Features of Bajaj Finance Personal Loan -

• No foreclosure charges applicable.
• Pre-payments option available.
• Speedy Loan Approval.
• Funds in 72 hours.

The Bajaj Finance provides the customer with online account access facility. It is one of the quickest option to approve a Personal Loan in 5 minutes and the disbursal of the amount in 72 hours once the application gets approved.This feature makes it one of the most quickest and fastest loan dealer among the several NBFC's. It will notify the borrower about the information related to your Personal Loan like Repayment Schedule, Interest Certificate, Repayment track etc. through e-mail. Thus, making the experience of the customer pleasant and time-saving.

HOW TO APPLY?

You can apply online as well offline. The online procedure includes 4 step:

Step1- fill all the information asked and submit the application.

Step2- get the approval and select the loan amount and tenure of repayment.

Step3- the representatives of Bajaj Finance will come to you for documents collections.

Step4- the money will be credited after verification.

The others can have the offline access as well to get a Personal Loan,  customer care or Toll free number is 1800-266-0635.You can give a missed call at 9211175555. send sms at “sol” at 9773633633.