•  Loading your search... Loading your search...
  • Bajaj Finserv Personal Loan Interest Rates is Rated as "Great!" by 1734 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bajaj Finserv Personal Loan Interest Rates

    Bajaj Finserv is one of the largest financial institutions in the country that’s not a bank. They are heavily relied upon for finance of consumer durables in India. Bajaj Finserv also offers loans of all kinds, from personal to home, vehicle loans to business loans. Bajaj Finserv Personal Loan provides you with one of a kind features and benefits, like it’s quick and easy approval process. Bajaj Finserv Personal Loan will help you get rid of a financial crisis you're facing, meeting an urgent expense, paying for wedding costs or any other financial help you might need.

    Perfect Personal Loan Deals for you

    Bajaj Finserv Personal Loan Interest Rates

    Personal loan offered by Bajaj Finserv depends on normal factors that are followed by all financial institutions, such as customer’s credit history or CIBIL report, their monthly income and repayment capacity, etc. Bajaj Finserv personal loan interest rate for 2015 is 16%. They also charge fees for processing the application that stands at 2-3% of the loan amount, a secure fee charge for online applications only, EMI bounce charges of Rs. 1,000, and penal charges that stand at 2% per month. Bajaj Finserv doesn’t charge you any foreclosure penalties for foreclosure of the loan.

    Bajaj Finserv Personal Loan Interest Rates 2018

    Particulars Salaried
    Interest rate Starting from 11.99% p.a.
    Loan Amount Minimum: Rs.1 lakh
    Maximum: Rs.25 lakh
    Loan Tenure Minimum: 24 months
    Maximum: 60 months
    Lowest EMI Rs.2,224 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available).
    Processing Fee 2.25% to 3% of the loan amount.
    Age Minimum: 25 years
    Maximum: 53 years
    Prepayment Charges 2% + applicable taxes on amount paid
    *Part Prepayment allowed only after 1 EMI has been paid.
    Foreclosure Charges 4% + applicable taxes on principal amount outstanding.

    How to calculate the interest/ EMI on Bajaj Finserv Personal Loan?

    Today with everything being online, there are tools to help you with your financial transactions. The financial calculators help you calculate your EMIs, eligibility, simple and compound interest and more. Both Bajaj Finserv and BankBazaar will help you with EMI calculators they have on their websites, you can login to the website and enter the details of your loan, like amount, interest rate, tenure of the loan, processing fees if any, etc. The website will calculate the EMI and display a result that’s simple and easy to comprehend.

    As an example, Michael Das takes a personal loan for Rs. 1, 00, 000 from Bajaj Finserv, with an interest rate of 16.00%. The tenure of her/his loan is 5 years resulting in a monthly EMI of Rs.2,432. In the table below you can see the payments on a yearly basis which Michael pays back to Bajaj Finserv.

    Loan table:

    YearPrincipal paid (Rs)Interest paid (Rs)Balance amount (Rs)
    20155,6416,51894,359
    201615,16414,01779,195
    201717,77711,40561,418
    201820,8398,34340,579
    201924,4294,75316,150
    202016,1508730
    Apply for Personal Loan

    Factors that affect your Bajaj Finserv Personal Loan Interest Rates

    • Monthly Income: Your regular monthly income will determine, the amount of loan and the interest rate that can be charged while you apply for a personal loan. If you earn a regular income that shows your repaying capacity, the interest rates will be applied as per your income.
    • Relationship with Bajaj Finserv: If you are a previous customer of Bajaj Finserv then they are aware of your loan history and your repaying capabilities and the rate of interest they can offer you will be judged as per this relationship. Consideration may be given to you as per their discretions, due to the past actions, your past loan repayments, and they may offer the people who are valued to them lower rates of interest.
    • Age: Owing to the way younger applicants live their lives and follow the lifestyles the way they do, banks generally charge a potential borrower a higher rate of interest.
    • Loan tenure: If a borrower decides to take a loan for a shorter duration, the rate of interest is generally higher in comparison to a loan taken for more number of years.

    How your CIBIL score can affect you Bajaj Finserv Personal Loan Interest Rates?

    One should never neglect their CIBIL score as it is very important. The CIBIL report always shows your repayment capabilities, credit score and credit history. Most financial institutions and banks like Bajaj Finserv can offer you a lower rate of interest if your score is high in comparison to other borrowers with a lower score. Scores of 750 and more are very good scores, and making regular payments in a timely manner and not defaulting on your payments could result in a very good score for you.

    Key things you should know about Bajaj Finserv Personal Loan Interest Rates

    • The personal loan interest rate offered by Bajaj Finserv is subject to the repo rate of the Reserve Bank of India, and may be reduced further in the months to come, but not immediately.
    • Bajaj Finserv doesn’t need you to provide them with any kind of security, guarantor, or collateral. If you are able to provide Bajaj Finserv with any kind of security, they will not change or reduce the rate of interest offered to you because of it.
    • Your CIBIL score and report can affect the rate of interest offered to you by Bajaj Finserv, it is possible for Bajaj Finserv to charge different rates to customers who have different CIBIL scores, even for the same amount and tenure.

    Bajaj Finserv Personal Loan Interest Rates Reviews

    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Bajaj Finserv for 11 Lakhs. The application process was easy and with in1 week the loan amount was Credited to account. The documentation and the application process was easy and hassle free. Overall it was a good expereince.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan with Bajaj Finserv and my loan experience was not good. The loan amount was for Rs 1.21 lakhs with high interest rate of 11%. The processing charges are way too high when compared to other sources. Customer service was not up to the mark and i received my loan amount within a week.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2018
    • Bajaj Finserv Personal Loan
      "Bajaj personal loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from BAJAJ FINSERV and the approved loan mount was 1 lakhs. The rate of interest was 17%.The interest was bit high.The monthly EMI comes around 4412 and the total tenure was for 3 years.The customer service and response with them was good.It was a pre approved loan and got the loan amount with in 1 day.
      Was this review helpful? 0
      , thrissur
      Reviewed on May 15, 2018
    • Bajaj Finserv Personal Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from BAJAJ FINSERV and the approved loan amount was 30000. When i applied for the the rate of interest with them was very high.The monthly emi was 2500 for 3 years and i have foreclose the loan after 1.5 years. There was no foreclosure charges with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 13, 2018
    • Bajaj Finserv Personal Loan
      "Dont' Go for Personal Loan in Bajaj"
      0.5 1.0/5 "Really Bad"
      I really fed up with the charges in Bajaj Finserv. Their interested rate is 14%. I have taken a loan amount of Rs.1.41 lakh. They deducted Rs.12000 for processing charges and insurance. I closed the loan within 3 months. I'm not aware of the all these things. I made the EMI payment of Rs. 6000 with the Tenure of 50 months. I had a worst service with them. Service charges is Rs.5000 to close the loan in 3 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2018
    • Bajaj Finserv Personal Loan
      "BEST SERVICE"
      0.5 4.0/5 "Great!"
      Taken personal loan from Bajaj finserv , with high rate of interest while comparing to other banks available in market. Easy approval process , am satisfied with the loan amount based on my requirements . Customer service and customer response is best in clearing queries .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 08, 2018
    • Bajaj Finserv Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I like to bank with Bajaj Finserv because I get regular updates to my email and most of my relatives and friends bank with them. I have taken a personal loan known as Flexi pay. The benefit is this facility is that I would be allotted an amount of loan, I can use the amount what I am in need off and pay the interest rate only for the used amount and not the amount that was allotted for me. The rate of interest is of 14.25% which is on the higher side for me.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 30, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      My experience with Bajaj Finserv for personal loan was good, the process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The tenure period of this loan is 5 years and i preclosed the loan within 6 months.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 26, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took BAJAJ FINSERV personal loan few years ago and the loan is fully paid and it is closed. I'm happy with their customer service and assistance. The loan processing was quick and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 23, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I got the personal loan from the BAJAJ FINSERV around 8 months ago. They have offered me the loan amount of Rs,60,000 and the rate of interest and the charges are pretty high with the BAJAJ FINSERV personal loan services. I would say I have got an average service from bajaj,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 19, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with BAJAJ 4 years back. The loan amount was 4 lakhs and the interest rate was 15.25% which is bit high than other banks. Here there is no option to do the balance transfer. The processing fee was quite high . The pre closure is charges are there .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The transparency is not seen in the BAJAJ FINSERV personal loan process. I have got the personal loan from the BAJAJ FINSERV around 2 years ago. The customer support service and the response is not up to the mark and they don't give proper updates to the customers.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 16, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan with Bajaj finserv and my loan experience was not up to the mark. The rate of interest of 19% is way high when compared to other sources in the market. Customer service was average and the loan amount of this loan is Rs 50000-60000. I have a tenure period of 3 years for this loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 11, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj finserv was very good, the loan amount was for Rs 75000 with rate of interest of 23% which is high when compared to other sources. The process was quick and i received my loan amount on time. Customer service was good and i am not aware of the tenure period of this loan.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 06, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have got the BAJAJ FINSERV personal loan around a year ago. The customer support service is good with the BAJAJ FINSERV and they give good response to the customers. This BAJAJ FINSERV personal loan gave me the average interest rate and i am satisfied with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 05, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service is average with the bajaj finserv. I have got the loan from the BAJAJ around 2 years ago. The customer support service and the response is good with the bajaj and they give good response to the customers. The rate of interest and the charges are average with the bajaj finserv.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 03, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The Bajaj finserv has disbursed the loan amount within 3 days of time. The required loan amount has been given and I am satisfied with it. The rate of inters and the charges are average with the Bajaj finserv personal loan process. The customer support service is good with the bajaj finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 29, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan from the BAJAJ FINSERV around a year ago. The rate of interest and the charges are very high. The hidden charges are seen in the BAJAJ FINSERV personal loan process. The promises need to be fulfilled by the BAJAJ FINSERV.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 28, 2018
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserv has offered me a personal loan based on my consumer durable track. The customer support service and the response is good with the bajaj finserv and they give good response to the customers. They have offered me Rs,1,00,000 and I am satisfied with it. The rate of interest and the charges are low with the bajaj finserv consumer durable loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 28, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The BAJAJ FINSERV has approved my personal loan and disbursed he loan amount within a day time. the customer support service is good with the BAJAJ FINSERV. I have fore closed the personal loan within a day time by paying the balance amount and they gave me NOC as soon I pay the loan amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 26, 2018
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.