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  • Bajaj Finserv Personal Loan Interest Rates is Rated as "Great!" by 1798 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
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been smooth and easy and the loan amount which they had provided had been satisfactory. They had been charged me with some processing fee but there has not been any sort of additional charges. The interest rate which they offered also had been good where it was comparatively less.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 15, 2018
    • Bajaj Finserv Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Bajaj finance pvt . Am satisfied with the rate of interest which they have provided . There is no processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 36months . They did quick documentation and received the loan.
      Was this review helpful? 3
      , new delhi
      Reviewed on Oct 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with Bajaj Finserv for personal loan, the process was smooth and i received my loan amount on time. The loan amount was for Rs 1 lac with high interest rate. Customer service was good and the tenure period for this loan is for 2 years.
      Was this review helpful? 4
      , new delhi
      Reviewed on Oct 08, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The loan experience i had with them has been pretty good and the loan amount which they had provided had been sufficient. The process has been completely online and it has been easy except they had collected the cheques directly. The interest rate has been less when compared with the market rate, and their customer support has also been good as well.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Oct 06, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      The process was smooth with Bajaj Finserv for personal loan and it was a good experience. The loan amount was for Rs 1.6 lacs with high interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Oct 01, 2018
    • Bajaj Finserv Personal Loan
      "Easy option"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserv personal loan interest rate was nominal. They offered me around 11.5% of interest very long days back . The processing fee was nominal in Bajaj, the time taken for processing was quick. Now I repaid my loan and got my NOC letter.
      Was this review helpful? 10
      , pune
      Reviewed on Sep 28, 2018
    • Bajaj Finserv Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Bajaj Finserv and it was not a easy process to get the loan. The process is long and not up to the mark. I have taken a loan of 1.20 Lakh. The rate of interest and processing charges are high when compared to the other banks.
      Was this review helpful? 12
      , hyderabad
      Reviewed on Sep 27, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with them so far and there has not been any delay which has been happened. The interest rate with them has been quite nominal when compared with the market rate, and their customer support and their staff responses had been good as well. There has not been any hassle faced with their banking services so far.
      Was this review helpful? 6
      , bangalore
      Reviewed on Sep 26, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience was good with Bajaj Finance, the loan amount was for Rs 88000 but they gave only Rs 80000 and remaining Rs 8000 was for insurance. Customer service was not up to the mark and the rate of interest was high when compared to other banks.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Sep 25, 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 experience was good, the loan amount was for Rs 3 lacs with nominal interest when compared to others. Customer service was good with Bajaj and they responded on time. The tenure period for this loan is 3 years.
      Was this review helpful? 8
      , bangalore
      Reviewed on Sep 17, 2018
    • Bajaj Finserv Personal Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv. The customer services and response is good. The rate of interest and processing charges are normal. The process to get the loan is good and I got the loan amount I needed. The after loan services are good too.
      Was this review helpful? 13
      , indore
      Reviewed on Sep 07, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      My experience was average with Bajaj Finserv for personal loan, the process was smooth and i received my loan amount on time. The interest rate was too high when compared to others in the market. Customer service was not up to the mark and the tenure period for this loan is 3-4 years.
      Was this review helpful? 11
      , bangalore
      Reviewed on Aug 29, 2018
    • Bajaj Finserv Personal Loan
      "Need to have clarity in the process"
      0.5 1.0/5 "Really Bad"
      I had taken a over draft loan with Bajaj Finserv. It has not been a good experience as there were hidden charges and the pre closure was very hectic and there was no clarity. I am not happy with the services and the process and I would not recommend them.
      Was this review helpful? 17
      , navi mumbai
      Reviewed on Aug 29, 2018
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv is pretty good in the process for the personal loan. The customer services and response is good. There are no issues in the process. I received the loan on time and as needed. The rate of interest and processing charges are also fine.
      Was this review helpful? 12
      , hyderabad
      Reviewed on Aug 27, 2018
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 2 lakhs and the interest rate was satisfactory . The tenure period was 48 months . The customer service and responses was up to the mark. Its a very quick approval and fats process too. The documentation was smooth and processing fee was better than AXIS BANK.
      Was this review helpful? 18
      , coimbatore
      Reviewed on Aug 21, 2018
    • 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? 12
      , 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? 17
      , 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? 10
      , 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? 19
      , 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? 17
      , kolkata
      Reviewed on Aug 07, 2018
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