Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "High interest rate"
      0.5 3.0/5 "Satisfactory"
      Interest rate is very high for the personal loan with Bajaj Finserv. Also there is a lot of confusions with them, informations are differs from online to offline. There is no friendly envionment with Bajaj. I am quite diappointed because of their charges. They deducted 25000 for insurance which was not communicated to me in the beginning. So I am planning to transfer the loan to some other bank where I could get a better interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Bajaj Finserv Personal Loan
      "Fastest service"
      0.5 5.0/5 "Blown Away!"
      I availed personal loan from Bajaj Finserv. I am going to make 7th EMI. Interest rate is around 17%. Always bajaj is the easiest one to approach for any kind of loan. The very moment I submitted the documents, they processed the loan in just 2 hours of time.
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      , chennai
      Reviewed on May 27, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Bajaj Finance executive have provided proper follow up regarding the loan process.The documentation and verification process was in a proper manner.I have taken the loan for my requirement ans it was fulfilled.I am happy with the overall service provided they have just taken 15 days of time to disburse my loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2017
    • Bajaj Finserv Personal Loan
      "Good in process"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv offered personal loan with the interest rate of 15%. The loan process went smooth with Bajaj. They contacted me every time and whenever required I contacted them for the clarification, they were very prompt in response. Within 15 days of time, the loan got disbursed. But interest rate is higher than other banks.
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      , hyderabad
      Reviewed on May 25, 2017
    • Bajaj Finserv Personal Loan
      "Good in interest rate"
      0.5 4.0/5 "Great!"
      When I found the interest rate is very high with ICICI bank, I approached Bajaj finserv for the personal loan where I got the interest rate of 14.25%. Processing fee also lesser than ICICI. Customer service is good and the process was smooth with Bajaj.
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      , kochi
      Reviewed on May 25, 2017
    • Bajaj Finserv Personal Loan
      "Customer comfort"
      0.5 4.0/5 "Great!"
      Bajaj finserv interest rate is high compared to other banks. But compared to micro finance Bajaj finserv interest rate is low. I had taken the amount of 77,000 but they credit only Rs.70,000 and they taken other charges of Rs.7000 from the loan disbursement.
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      , dindigul
      Reviewed on May 24, 2017
    • Bajaj Finserv Personal Loan
      "trapped in flexi loan"
      0.5 0.5/5 "Unacceptable"
      I was shell socked when I got a credit of 779165 Rs. in my account. While I was explained that I will get an online account and whenever needed I can transfer the money to my saving account and pay for what you use. But it happened before I was allotted that online flexi account. 52835 Rs as Processing fee and insurance was charged for all 8 lakh and deducted from the maximum possible amount sanctioned to me. I was told that this is better than credit card but credit card does not charges the applicable fee for maximum limit against allotted card. According to my understanding if I use anything I will be charged but all the sanctioned money was forced to me. I have not used any amount and I was charged 52835 Rs as insurance and processing fee. Now I want them to cancel my loan and this is not what I was offered.but I am not getting any reply from their customer care/grievance redress email or the people who called me many times to complete the process.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 22, 2017
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      BAJAJ FINSERV just took 3 days to disburse the personal loan., The executive came to my place and collected the documents, which is very easy and convenient. The rate of interest is very low when compared with others,. Overall I am happy with the loan amount also they have offered the best interest rate too.
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      , bangalore
      Reviewed on May 22, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      In the year of 2012, I got personal loan from Bajaj. Actually they already preapproved the loan and they approached me on the same. Even I availed the loan without raising any thing from my end. But the interest rate was quite high, which is 24%. Hence I have done foreclosure. The service was really good.
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      , hyderabad
      Reviewed on May 17, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I am having the personal loan with the Bajaj Finerv and the interest rate is around 14%. Loan amount got disbursed to my account within three to four days of time. Response is good one with them and the processing charges were around 10000 Rupees for 6 lakh Rupees as capital, which is really huge . I would like to suggest that they need to stick with their commitments like now they are showing the variation in prepayment charges.
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      , ahmedabad
      Reviewed on May 17, 2017
    • Bajaj Finserv Personal Loan
      "High Rate of Interest"
      0.5 2.0/5 "Expected more"
      Long time back I had taken preapproved loan from Bajaj Finserv which is personal loan. They collected required documents from me to process the loan. The loan amount is around three or four lakhs, but the interest rate is very high with them. Because of high interest rate, I had foreclosed the loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 17, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan couple of years back with bajaj finserv. The services are very good. The response was quick. They collected my documents on time and the loan was processed on time too. The rate of interest was 25% which was bit high but they have come down now and the processing charged is 6k including insurance.
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      , mumbai
      Reviewed on May 16, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Bajaj Finserv offered me a personal loan. They have easy options in payment and it is very easy to finance with Bajaj and interest rate was 19% the loan amount is 63000 thousand cutomer was really good, they have offered me bajaj card so that there is no need for me to submit all the documents expect for pan card.
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      , mumbai
      Reviewed on May 16, 2017
    • Bajaj Finserv Personal Loan
      "High on ROI & charges"
      0.5 3.5/5 "Pretty good"
      My personal is from Bajaj Finserv and the team is quick in the process and paper work. The customer services are good and they are responsive too. But the interest rate and processing charges are high. I would not wish to refer them because of the high rates.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 15, 2017
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      When I took personal loan with Bajaj Finserv at the time my loan interest rate was 15% but they are offering around 11% of interest on loan products. I appreciate the Bajaj Finserv loan process, they gave me part payment and zero foreclosure option. I took the loan of Rs.3 Lakhs and I have closed during the second year without any charges.
      Was this review helpful? 1
      , pune
      Reviewed on May 03, 2017
    • Bajaj Finserv Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      BAJAJ FINSERV took around one week of time to disburse my personal loan. Because the day when I submitted my documents, within 3 days of time I got the loan credited to my account. I have just submitted the ID, address proof and salary slips and my photo copies . It was very smooth with the documentation process as well. I got personal loan based on my Bajaj card. The interest rate are high when compared with others.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 03, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv offered me a personal loan. They have easy options in payment and it is very easy to finance with Bajaj. But the rate of interest is too high for my personal loan than other financial institutions. Customer service is fine and approachable.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 03, 2017
    • Bajaj Finserv Personal Loan
      "Rate of interest & other charges can be decreased in future"
      0.5 3.0/5 "Satisfactory"
      Availed Personal loan from Bajaj finserve around 6 months ago. They had offered me a personal loan for an interest of 28 % . The rate of interest . fees and charges needs to be reduced. The customer support needs to improve a lot with bajaj finance. I pay the loan amount through the ECS option, which is very easy, they dont have foreclosure option through on line, they are asking me to visit there branch to close the loan, which needs to be changed.
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      , bangalore
      Reviewed on Apr 25, 2017
    • Bajaj Finserv Personal Loan
      "Quick in reponse"
      0.5 5.0/5 "Blown Away!"
      Approached Bajaj Finserv for my personal loan, I got a quick response, and there process is very fast. The rate of interest and the other charges very low with bajaj finserv. They just took around 3 days to disburse my loan, which is very helpful.
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      , coimbatore
      Reviewed on Apr 23, 2017
    • Bajaj Finserv Personal Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv approached me for a personal loan. They quoted the interest rate of 16% but I had not accepted the interest rate, so they had reduced it as 12.5%. But the processing fee was 9000 along with the health insurance for 24000. Also they put some charges around 7000 for some policy. Other charges are very high so I did not take loan from Bajaj. But their way of approaching was very speed.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 21, 2017
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    Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1419 Users

    Personal Loan BYTES FROM OUR KITCHEN

    Overview about Bajaj Finance Personal Loan

    Bajaj Finance Limited is one of India’s most diversified non-banking financial company (NBFC) investing heavily in technology, people, and processes. Bajaj Finserv believes in focussing on both existing as well as new customers. A personal loan serves as a huge financial support in times of need and helps us achieve many goals in life. The personal loan offered by Bajaj Finserv can be availed online with approval in five minutes and disbursal within 72 hours. Bajaj Finance Limited grants personal loans of up to Rs.25 lakh which you can repay within 24 to 60 months.

    Perfect Personal Loan Deals for you

    How To Use BankBazaar Bajaj Finance Personal Loan Calculator to understand your Personal Loan Repayment

    The Bajaj Finance Personal Loan can be repaid in EMIs (Equated Monthly Installments). EMIs consists of the principal amount along with the applicable interest charges. Before applying for a loan, it is important to understand the breakup as well as the EMI amount. Knowing the exact amount helps you in financial planning as you would be paying this amount as repayment towards the loan over a fixed period of time.

    The Personal Loan EMI Calculator of BankBazaar is a comprehensive tool that helps in determining the instalment amount of the loan. It also gives a detailed breakup of various charges. The online tool uses an amortisation table to give instant output. To use the BankBazaar loan EMI Calculator, all you have to do is visit the homepage and click on the drop down menu on the extreme right. From the list, select finance tools and then ‘EMI Calculator’. The page prompts you to enter loan details such as loan amount, tenure, and rate of interest, processing fee and whether or not you would like to make pre-payments. Click on calculate to generate the monthly EMI that you will incur towards the loan and other details.

    How does the Bajaj Finance Personal Loan EMI Calculator Work?

    You must enter the loan amount you want to borrow and other details in the online EMI calculator. The formula that the calculator uses is:

    E = P x R x (1+R) ^n/ [(1+R) ^n-1]

    Where, E is the EMI that is required to be paid monthly

    P is the amount to be borrowed

    R is the interest rate on a monthly basis

    n is the loan tenure in months

    Apart from these basic components, the calculator also uses processing fee sometimes to calculate the EMI. It is different at different NBFC as it is typically a certain percentage of the loan amount borrowed from the lender. The processing fees can be anywhere between 1% and 3%.

    Features and Benefits of Bajaj Finance Personal Loan EMI Calculator

    Determination of EMI:

    The online EMI calculator accurately calculates the exact EMI to be paid towards the Bajaj Finance Personal Loan. This enables advance planning of our monthly budget and expenses. Also, the figures from this tool can be used to negotiate with the lender to provide better rates.

    Use of Amortisation Table:

    The amortisation table in the calculator enables generation of a detailed breakup of the principal amount and interest charges required to be paid monthly until the end of tenure. This can also provide assistance for considering and calculating loan repayment terms like pre-closure.

    Finance Charges Details:

    The online tool also displays a pie-chart presenting a breakup of the financial charges towards the loan. Being aware of information such as processing fee and interest charges may help you in attaining a better deal with the NBFC.

    Bajaj Finance Limited Personal Loan Calculator FAQs

    1. Does the Bajaj Finance Personal Loan Calculator give an accurate calculation of the EMI amount?

      Usually, the calculations are done on a reducing balance principal and are almost accurate. However, it may vary from each lender based on the method of calculation.

    2. If I want to pre-close my loan with Bajaj Finserv, can the online calculator be of any use?

      Yes, the calculator allows you a clearer idea of the EMI as it gives a detailed breakup of the same. By using this tool, you can compare the change in interest charges applied on the outstanding loan balance.

    3. Can the same EMI calculator be used to calculate the EMI for loans from other NBFCs as well? Yes, this is a tool that can be used universally by changing the loan details offered by various financial institutions.
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