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
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am havign the personal loan with the Bajaj Finserv and their interest rate is a bit higher than others, which I have experienced. Response is fine one with the Bajaj Finserv adn the loan amount got disbursed less than a week of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv and the experience is good. It is excellent services from them and they are the best in the response to the customer. The process is on time and the disbursement as well. I am also comfortable with the interest rate and charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest and the charges were high with bajaj . The processing fee and the insurance fee is very high with bajaj when compared with others. They took around 2 weeks to disburse my loan amount. The bajaj finserv customer support need to improve . They need to give proper response to the customer.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Bajaj Finserv Personal Loan
      "Personal loan process"
      0.5 4.0/5 "Great!"
      My personal loan was taken from Bajaj Finserve. Interest rate offered by them is way too high however EMI is very much affordable. Bajaj Finserve is charging lot of miscelleneous charges like cheque bounces and other charges which is very high. Ofcourse I had got the NOC from them on time.
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      , bangalore
      Reviewed on Sep 22, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I received a personal loan from Bajaj finserv around 3 years ago. This loan had the tenure of 3 years. The customer service is good with Bajaj finserv, but at present there customer service is not up to the mark. The rate of interest is average with Bajaj finserv . The processing fee and the charges are high with Bajaj when compared with others.
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      , guntur
      Reviewed on Sep 21, 2017
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 4.5/5 "Excellent!"
      I am having the personal loan with the Bajaj Finserv and the interest rate is around 12%,. Further more, the loan amount got disbursed within a span of four days of time. Processing charges were really huge one when it comes to bajaj finserve .
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      , kochi
      Reviewed on Sep 21, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Its been a great experience i having with the BAJAJ FINSERV as i took a personal loan from them . the BAJAJ FINSERV approved the amount and i got a higher rate of interest . when i applied the no charges of doing part payment option but after my loan got approved these people were charging 2% for the part payment option . they have to reduce the rate of interest like other banks .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Bajaj Finserv Personal Loan
      "VERY GOOD LOAN"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserve personal loan process is very smooth, the rate of interest charged by Bajaj Finserve is very high some of the executives called me and they had taken some documents otherwise the bank was very good it was providing me very good service. Interest rate and processing fee charged was okay. Its an ongoing loan. Bajaj Finserve was not in need of any additional documents though its an unsecured loan.
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      , hyderabad
      Reviewed on Sep 20, 2017
    • Bajaj Finserv Personal Loan
      "Good to go with Bajaj"
      0.5 4.0/5 "Great!"
      The Online website of Bajaj Finserv is not up to the mark, they need to update a lot with their website . The user interface need to be customer friendly with Bajaj. They have taken 15days to disburse my loan amount. The rate of interest is high with bajaj when compared with others. The processing fee and the charges are nominal with bajaj Finserv personal loan,
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      , chennai
      Reviewed on Sep 20, 2017
    • Bajaj Finserv Personal Loan
      "Flexible option regards personal loans"
      0.5 4.0/5 "Great!"
      I took personal loan twice from Bajaj Finserv based on my credit card it was a speedy process. Compared to banks they are giving many options like part payment, preclosure but interest rate was high at the time, I hope now the interest rate became same as bank.
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      , bangalore
      Reviewed on Sep 20, 2017
    • Bajaj Finserv Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from Bajaj Finserv. The services are very customer friendly. Most of all the executive was very professional. And the document process was not much. I only had to submit the kyc documents and another benefit was the processing charges was and roi was not there.
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      , ranchi
      Reviewed on Sep 20, 2017
    • Bajaj Finserv Personal Loan
      "Customer's friendly"
      0.5 5.0/5 "Blown Away!"
      I found Bajaj finserv is really good, I got better offer from them. Interm of service Bajaj Finserv is prompt, they are giving good follow up to the customer. I took personal loan of Rs. 5 lakhs with five years of tenure, interest rate is really attractive they offered around 12.99% with some nominal charges.
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      , bangalore
      Reviewed on Sep 19, 2017
    • Bajaj Finserv Personal Loan
      "Very good personal loan"
      0.5 5.0/5 "Blown Away!"
      The most promising feature of BAJAJ is it has offered me a Flexi loan, If the customer is in a need of a loan they will provide the complete loan amount. However it is not necessary for the customer to use the complete amount. What ever he utilizes he has to pay interest in other words interest would not be calculated on the complete amount. Just in case if the customer utilizes the complete amount the entire amount would be converted in to EMI and he has to repay that in the form of EMI.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      The service was prompt from Bajaj Finserv . They have Disbursed my loan amount within a week time. The rate of interest is high when compared with other banks. The required loan amount was been disbursed and I am satisfied with it. I would say it was an excellent service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 16, 2017
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      I have approached BAJAJA FINSERV for my personal loan. They have processed my application very fast and the representative collected my documents immediately, I thought that they would sanction my loan amount soon but they have rejected my application because the personal loan option with BAJAJ FINSERV is not for bachelors which was disappointing . However their rate of interest was bit lower comparing to TATA CAPITAL .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 16, 2017
    • Bajaj Finserv Personal Loan
      "Should be transparent in their process"
      0.5 1.0/5 "Really Bad"
      I never ever recommend Bajaj Finserv to others, they charged me around 18% interest for the personal loan and their executive who helped to processed my loan, he said it was a zero processing for foreclosure, when I went to foreclosure my loan, they asked me to pay 5% of interest, then I raised complain and rectified the issue.
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      , hyderabad
      Reviewed on Sep 15, 2017
    • Bajaj Finserv Personal Loan
      "Not bad"
      0.5 3.5/5 "Pretty good"
      Applying personal loan through Bajaj finances is good they have served well overall the repayment tenure time is between 6 months to one year which is good, it is comfortable and hassle free. Also they don't charge any processing fee and absolutely no hidden charges.
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      , varanasi
      Reviewed on Sep 14, 2017
    • Bajaj Finserv Personal Loan
      "User friendly"
      0.5 4.0/5 "Great!"
      Its okay to bank with Bajaj finserve bacause their response and services are good and useful .Their customer service is okay not bad but the rate of interest is very high should be according to market and affordable when compared to others in the market.
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      , salem
      Reviewed on Sep 14, 2017
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 4.5/5 "Excellent!"
      Actually the interest rate is very low with Bjaja finserv personal loans. They have given me a call and informed me that they can disburse the loan amount within in a week time. The required loan amount was Rs,4lakhs and they told they can approve the full loan amount, The customer service is good with Bajaj finserv .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 13, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate and service should be improved"
      0.5 3.0/5 "Satisfactory"
      Earlier I had personal loan with Bajaj Finserv then I transfered to SBI because of the rate of interest. They offered me 11.99% but SBI gave me 8.7%. I paid 4% of interest to the Bajaj Finserv for preclose my loan. Their customer service is also not upto the mark, its really bad, they should work on it.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 13, 2017
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    Bajaj Finserv Personal Loan Interest Rates is Rated as "Great!" by 1518 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bajaj Finserv Personal Loan Interest Rates

    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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