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

    • 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
    • Bajaj Finserv Personal Loan
      "Proper Process"
      0.5 5.0/5 "Blown Away!"
      I availed the personal loan from Bajaj. The loan amount was 1.5 lakhs and the interest rate is very normal. I do not remember the rate but it is nominal. I directly approached them and they provided the loan. I just submitted the required documents in order to get the loan and Bajaj disbursed the loan without any hassles.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate should be flexible"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer of Bajaj finserv, their interest rate is very high but I like their service is good. I am paying 20% of interest more than principal amount, I am fine with that, because all about the service. I have taken only the amount of Rs.35,000 for the tenure of 30 months.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 22, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      The process with BAJAJ FINSERV personal loan was good. The executives came to my place at times to my office to collect the required documents to proceed with the personal loan. I am happy about the loan amount. The required loan amount was disbursed . Within 4 to 5 days they have disbursed my loan. The rate of interest is high, when compared with others. I am satisfied with Bajaj Finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
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    Bajaj Finserv Personal Loan Interest Rates is Rated as "Great!" by 1461 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Overview of Bajaj Finserv Personal Loan

    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 2017

    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.
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