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

    • Bajaj Finserv Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      I have recently taken a personal loan from Bajaj Finserv, it was good experience with them. Less documentation and easy processing but what I did not like about them is Intially they told me that there was no processing fee charges later on after some days they said processing fee will be charged for around 2000 rupees, So I told them I am not interested please cancel the loan later after some days they called and said no processing fee would be charge you can process the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 26, 2017
    • Bajaj Finserv Personal Loan
      "Very good services & offers"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv offered me a second personal loan after three years of the first one. This experience was fine too as they offered me a reducing rate of interest of around 12% to 13%. The processing charges were very much normal too. Also they were not in need of too many documents too.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • Bajaj Finserv Personal Loan
      "Overall a good experience "
      0.5 5.0/5 "Blown Away!"
      When I first took a personal loan with Bajaj Finserv, I was offered a rate of interest of 14 to 15%. The process was convenient as I received the funds on time without any hassle. The customer services and response was overall good and I got the welcome kit on time too.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The process followed by Bajaj Finserve for the personal loan was very simple. Everything fell in place, the executives came to my place and collected all the required documents and they disbursed my loan within 48 hours after collecting all the required documents. However, the rate of interest is way too high when compared with others. Nevertheless, I am very much happy with the service provided by Bajaj Finserve.
      Was this review helpful? 0
      , dindigul
      Reviewed on Jul 13, 2017
    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got a personal loan with Bajaj finserv 3 months ago. The service with Bajaj is really good. They give the reminder calls to do the payments on time. They have disbursed the loan within 2 working days. The rate of interest is nominal with personal loan. I am very much happy with the loan amount which was disbursed, because the required loan amount has disbursed, I would say I am satisfied with their service.
      Was this review helpful? 0
      , gulbarga
      Reviewed on Jul 12, 2017
    • Bajaj Finserv Personal Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      I took the personal loan from Bajaj Finserv. The interest rate is 15% for the personal loan. The bank is good and fast in process even their website is good to use. When I applied for the loan, they processed it well and sanctioned the loan on time without any delay.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jul 12, 2017
    • Bajaj Finserv Personal Loan
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      My personal loan is fro m Bajaj Finserv and the process was excellent. I received a call immediately after I applied for the loan and the process was hassle free. I got the disbursement on time and they were really quick in processing the request. The interest rate and charges were also high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2017
    • Bajaj Finserv Personal Loan
      "Customer service should be improved"
      0.5 3.0/5 "Satisfactory"
      I had some issue with Bajaj Finserv, when I deposit the amount of Rs.5 lakhs for my flexi loan it was debited in my account but not credit in the loan account , When I called Bajaj Finserv for this query they never response, but I got a mail stating issue will be resolve within 48 hours, finally they took 15 days to rectify my issue.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 07, 2017
    • Bajaj Finserv Personal Loan
      "Approachable "
      0.5 5.0/5 "Blown Away!"
      I had taken the personal loan from Bajaj. The loan amount is two lakhs. I do not remember about the rate of interest but it was nominal. They sanctioned the loan on time and the customer service is really good. I did not find any issues during the loan process.
      Was this review helpful? 0
      , raipur
      Reviewed on Jul 07, 2017
    • Bajaj Finserv Personal Loan
      "Better Process"
      0.5 3.0/5 "Satisfactory"
      For the personal loan, the interest rate with Bajaj Finserv is 14%. They sanctioned the loan on time. Already I had taken three loans from Bajaj for my home appliances. It is very simple to get the loan from Bajaj. All the services are better with them.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 06, 2017
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan with Bajaj Finserv five years back, At the time Bajaj have charged minimal rate of interest and processing fees also it was okay for me for personal loan. I have taken the loan amount of Rs.50,000 approximately and the EMI was 1400 and the service was really prompt
      Was this review helpful? 0
      , gandhidham
      Reviewed on Jul 06, 2017
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserve reaches the customer quickly based on the requirement. I took the personal loan with very normal charges. Documentation process was hassle free . They took only less time to disburse the loan, as I mentioned them that I need the loan at the earliest they have offered this loan up front.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 04, 2017
    • Bajaj Finserv Personal Loan
      "Interest has to be reduced and process should be transparent"
      0.5 1.0/5 "Really Bad"
      I do have personal loan with Bajaj Finserv for the amount 1.27 lakhs this was taken for a tenure period of five years, I had been paying the EMI for the last one year. When I went to close my close, they have calculated the total amount. They said I should pay only 1.10 to close the loan. But I have been making Rs. 5603 for one year initially interest portion was only reduced, My principal portion was pending. I am pretty much unhappy with Bajaj Finserv personal loan, I will never recommend this to anyone.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 04, 2017
    • Bajaj Finserv Personal Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      I availed the personal loan from Bajaj Finserv. It was a flat interest rate for the personal loan. They had done with the loan process in a fast manner. First day I had filled the application and submitted, on the second day they had done with the verification process and on the same night they sanctioned the loan amount in to my account. I am quite satisfied with Bajaj regards to the personal loan.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 01, 2017
    • Bajaj Finserv Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      The rate of interest was high with Bajaj finserve personal loan. The customer service and the response was good with Bajaj. I have Pre-closed this personal loan , they have charged me pre closing charges as well. I am happy about the loan amount with bajaj , they can reduce their interest rate in future.
      Was this review helpful? 2
      , madurai
      Reviewed on Jun 29, 2017
    • Bajaj Finserv Personal Loan
      "Overall good experience"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan from Bajaj Finserv and since I am an existing customer, I did not have do much of a process with the documentation. The customer services are supportive and the interest rate and charges were very much normal. The response provided by them was absolutely wonderful.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 29, 2017
    • Bajaj Finserv Personal Loan
      "Looking for a better service"
      0.5 4.0/5 "Great!"
      I felt Bajaj Finserv personal loan interest rate was very high, I had taken the amount of Rs.85,000 with the interest rate around 13% and with some processing fee. Still my loan is live, I could do part payment and preclosure option at any point of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 27, 2017
    • Bajaj Finserv Personal Loan
      "Good can do better"
      0.5 4.0/5 "Great!"
      I have got a Bajaj Finserv personal loan experience. The rate of interest which was offered by Bajaj was 23% which is really high, when compared with others. I am happy about the loan amount. The customer service and the response was good with bajaj, but they need to reduce their interest rate in future.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2017
    • Bajaj Finserv Personal Loan
      "Services are good & high on charges"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer of Bajaj Finserv and they have given me a personal loan. The customer services are good. They collected my papers on time and the process was also smooth. The interest rate and processing charges was high when compared with other banks.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Jun 24, 2017
    • Bajaj Finserv Personal Loan
      "Horrible Customer Service - Bajaj Finserv"
      0.5 0.5/5 "Unacceptable"
      I took a Personal loan June, 2015 whereas, I was promised that there will be no pre-closure charges post I pay my first EMI. After 2 years when I went to foreclose my loan they have put in a foreclosure charge and saying their policy has changed. Policy change cannot impact your earlier customers. You can apply it to your new customers. This is pure case of cheating wherein you sell something with all jazzy offers and then apply a charge to it. This is ridiculous. I have reached out to their team but of no use. I am lodging a complaint to the Consumer Forum.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 22, 2017
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    Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1464 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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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