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  • Bajaj Finserv Personal Loan Interest Rates is Rated as "Great!" by 1783 Users

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    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
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    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
      "Average service"
      0.5 2.5/5 "Just OK"
      My personal loan experience was good with Bajaj Finserv, the loan amount was for Rs 1 lakh with high interest rate when compared to others. Customer support was very good and they responded on time. The tenure period for this loan is 3 years out of which 11 months already completed.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • Bajaj Finserv Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with Bajaj Finserv. The customer services and response is good and I got the loan with ease. They are also normal on the rate of interest and processing charges. It is around 14%. The after loan services are also satisfactory.
      Was this review helpful? 1
      , pune
      Reviewed on Aug 17, 2018
    • Bajaj Finserv Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan with Bajaj Finserv. The customer services are good and they are responsive too. They collected my paper work on time. But they have offered me a very high interest rate and processing charges when compared to the other banks.
      Was this review helpful? 3
      , dibrugarh
      Reviewed on Aug 11, 2018
    • Bajaj Finserv Personal Loan
      "Swindling agents"
      0.5 0.5/5 "Unacceptable"
      This is a company filled with cheats and they are trained in manipulating the customers. I was looking for a personal loan and these guys approached me with and low interest rate and promise to process it in 2-3 days. I have provided all the docs and these guys vanished after collecting the docs. I had to follow up and they didn't bother to update. These are the guys you shouldn't be dealing with: 9315259918 - Channel partner 9900343413 - Hari Krishna 8296071339 - Jaykumar and his boss Manjunath
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bajaj finserv and my experience was good, the loan amount was for Rs 1 lakh with high interest rate when compared to others. Customer service is good and they responded on time. The tenure period for this loan is 3 years.
      Was this review helpful? 5
      , kolkata
      Reviewed on Aug 07, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv and my loan experience was good, the loan amount was for Rs 1.5 lakhs with nominal interest rate when compared to others. There are no charges on preclosure. Part payment was allowed anytime and the internet service is very good in Bajaj.
      Was this review helpful? 5
      , coimbatore
      Reviewed on Aug 06, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from Bajaj Finserv and the experience was good, the loan amount was for Rs 1.25 lakhs with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is for 3 years.
      Was this review helpful? 10
      , coimbatore
      Reviewed on Aug 01, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My experience with Bajaj Finserv for personal loan was good, the process was smooth and i received my loan amount on time. I am planning to preclose this loan as the rate of interest is very high. The loan amount was for Rs 2 lakhs with the tenure period of 3 years.
      Was this review helpful? 9
      , bangalore
      Reviewed on Jul 31, 2018
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with BAJAJ 4 years back. The loan amount was 3 lakhs and the interest rate was satisfactory . The EMI period was 5 years back.Their service and really good and it was complete paperless. The pre closure process was quite easy and fast when compared with other banks. The processing fee was bit high .
      Was this review helpful? 10
      , pune
      Reviewed on Jul 28, 2018
    • Bajaj Finserv Personal Loan
      "Service is superb"
      0.5 5.0/5 "Blown Away!"
      Processing fee is nominal. I have taken this personal loan recently. From the next month only my first month EMI is going to deduct. I have applied the loan amount of Rs. 2.61 lakhs and they have offered me a interest rate of 10.99%. They made the loan within 48 hours and very quick process also.
      Was this review helpful? 9
      , bangalore
      Reviewed on Jul 26, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from BAJAJ FINSERV , Am not satisfied with the rate of interest which is high but had to go with it based on my situation . Where there are processing fees They instantly approved They gave the tenure period of 36 year and made the payments through ECS,
      Was this review helpful? 8
      , bangalore
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ few months back. The loan amount was 4,80,000 and the interest rate was very high . The tenure period was 5 years . I am satisfied with the customer service and reposes . There is no tediousness faced . The process was very smooth and good . The loan was approved on time and the processing fee was also nominal.
      Was this review helpful? 7
      , chennai
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj Finserv was good, the process was smooth and the loan amount was disbursed on time. The loan amount was for Rs 6.5 lakhs with nominal interest rate in the market. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 10
      , hyderabad
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from the Bajaj Finserv for 1.5 lacs. The interest was on the higher side when comparing with the other financial institutions in the market. The whole application and the documentation process was easy and hassle free.
      Was this review helpful? 9
      , chennai
      Reviewed on Jul 24, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan had been very good and the documentation had went smooth. The loan amount which they had provided had been satisfactory but the interest rate with them had been on the higher end compared with the market rate. Within two days i had got the loan disbursed.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jul 23, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It has been a very good experience in getting this Personal Loan and the loan amount which they ha provided had been satisfactory. The interest rate has been good when compared with the market rate. Their staff has been prompt and had been showing a good response where there hasn't been any hassle.
      Was this review helpful? 13
      , kolkata
      Reviewed on Jul 18, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Its instant loan approval process which i took from Bajaj fin serve for personal loan . The approval was so quick as they did in 2-3 days amount reflected in my bank account . The rate of interest is high compared to others . They gave tenure period of 1 years . Overall their service and response is good.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Jul 17, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a personal loan from the Bajaj Finserv for 5 Lacs. Their Flexipay service is really useful. In case if you do not need the full amount you can keep the amount in reserve and the interest is applicable for the only amount you take which is pretty cool. The interest rate is 14%.and I am really happy with their service.
      Was this review helpful? 10
      , pune
      Reviewed on Jul 16, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a too expensive loan where the interest rate with them had been on the higher end. The process in getting the loan had been simple and smooth and the loan amount of 1.25L which they had provided me has been satisfactory. There has not been any hassle faced during the whole process and i am satisfied with the services of them.
      Was this review helpful? 13
      , chennai
      Reviewed on Jul 13, 2018
    • Bajaj Finserv Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ 1 years back. The loan amount was 1 lakh and the interest rate was bit high and the tnrue period was 2 years . The process was very immediate and hassle free . I have upload ll my documents through on line so i had smooth loan experience here .The processing fee was also nominal.
      Was this review helpful? 15
      , bangalore
      Reviewed on Jul 13, 2018
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