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

    • Bajaj Finserv Personal Loan
      "Its average"
      0.5 4.0/5 "Great!"
      Bajaj finserve is good its own way. Though not the best it is slightly above average the reason being my loan was processed on time. The turn around time taken to process the personal loan was around 7 days.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Within 72 hours of time they have disbursed my personal loan in my account,. The Bajaj Finserv response is very good in regards to my personal loan application. The rate of interest is high when compared with others as well the processing fee is high with bajaj finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • Bajaj Finserv Personal Loan
      "Should be convenient"
      0.5 1.0/5 "Really Bad"
      My personal loan experience with Bajaj Finserv is not good and I do not want to go with them again. First thing, I was not addressed by their executive in a proper manner. Even online facility is not user friendly. Then, the interest rate is too high which is around 16.5%. Finally, they charged me 10000 for insurance on the loan amount of four lakhs. Hence I closed my loan.
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      , faridabad
      Reviewed on Aug 17, 2017
    • Bajaj Finserv Personal Loan
      "No additional charges"
      0.5 5.0/5 "Blown Away!"
      Processing fee for the personal loan is around 2000 from Bajaj Finserv. There was no extra charges taken from Bajaj Finserv. Interest rate is 17.5% which is bit high but then they processed the loan on time. I got good and fast service from Bajaj Finserv.
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      , hyderabad
      Reviewed on Aug 16, 2017
    • Bajaj Finserv Personal Loan
      "Add on service from bajaj"
      0.5 5.0/5 "Blown Away!"
      I got the Bajaj Finserv card with the help Bajaj finserv personal loan, I can use this card like a credit card, whenever I wanna buy any kind of Household Items I can get it without any interest rate , Bajaj has again given me very good option rather this is an add on service I would say.
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      , mumbai
      Reviewed on Aug 16, 2017
    • Bajaj Finserv Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The process was very quick with Bajaj Finserv. They have offered me a loan with very low interest rate as well the options which is present in personal loan is really good and we cannot find them anywhere. The customer service is very good with Bajaj finserv. They have disbursed my loan within 3 days of time. I am satisfied with the loan amount. They have also offered me a Bajaj Finserv consumer durable loan card.
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      , mumbai
      Reviewed on Aug 16, 2017
    • Bajaj Finserv Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I was calling Bajaj Finserve for the personal loan and I was not all happy with their service. The moment I approached them their executives confirmed that there is no offer for personal loan and executives did not have a courtesy to explain what needs to be done to avail that offer and he simply disconnected the call.
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      , ernakulam
      Reviewed on Aug 16, 2017
    • Bajaj Finserv Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      Through a channel partner I reached Bajaj finserv for my personal loan. They have disbursed my loan within a week time.The Bajaj finserv has approved me the loan for Rs.2lakhs and they are good in their response. The rate of interest is reasonable with Bajaj Finserv. They have also gave me bajaj card , with the card I have bough many household products. I am happy with the bajaj finserv service.
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      , visakhapatnam
      Reviewed on Aug 14, 2017
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My documents were collected from my door step for the personal loan. Bajaj Finserv has always been excellent and I got the loan in my account within minutes. They are the only company who provides loans for self employed which no other bank does. The interest rate and charges are normal.
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      , ghaziabad
      Reviewed on Aug 14, 2017
    • Bajaj Finserv Personal Loan
      "Customer's friendly service"
      0.5 4.0/5 "Great!"
      Basically Bajaj Finserv is a financial institute, but they are giving good service more than ICICI and AXIS Bank, totally they took only four days to disburse the amount with the interest of 15.75%, it is little bit higher, Other than that everything is good.
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      , mundra
      Reviewed on Aug 12, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Received a Bajaj Finserv personal loan around 6 months ago.The customer service and the response is good with Bajaj . The rate of interest is high when compared with others. The required loan amount was given by Bajaj finance and I am happy with their service.
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      , tirupati
      Reviewed on Aug 11, 2017
    • Bajaj Finserv Personal Loan
      "Good process followed"
      0.5 4.0/5 "Great!"
      Bajaj finserve personal loan process is really good, however the rate of interest is very high, it would be good if they bring down the rate of interest. The process was very simple as I was able to uploaded the documents and it was done and they had hardly taken 4 to 5 days of time.
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      , bangalore
      Reviewed on Aug 10, 2017
    • Bajaj Finserv Personal Loan
      "Not happy with the services"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv was not professional in their services. I applied for a personal loan and the team came over and collected my papers. During the process I was informed that if the loan does not process they would return back my papers. But I did not get the loan nor the documents and they are not answering my calls.
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      , mumbai
      Reviewed on Aug 09, 2017
    • Bajaj Finserv Personal Loan
      "Good in Urgency"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv interest was high when compared to bank, they offered me around 25% of interest, but loan process was very fast. Documentation process was quick its highly appreciable. I took the loan of Rs. 1.5 lakhs for tenure of 36 months, still its live without any hassles.
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      , coimbatore
      Reviewed on Aug 08, 2017
    • Bajaj Finserv Personal Loan
      "Interest is high"
      0.5 4.0/5 "Great!"
      Two months ago I had taken the personal loan from Bajaj Finserv. Everything was good with bajaj expect the rate of interest. For my personal loan they quoted 30% of interest rate which is too high. But processing fee and document charges are good. Even they sanctioned the loan on time, overall they took 2 days to complete the process.
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      , mumbai
      Reviewed on Aug 08, 2017
    • Bajaj Finserv Personal Loan
      "Charges are high"
      0.5 2.0/5 "Expected more"
      I got personal loan from bajaj. The loan amount is around one lakh and twenty thousand rupees. But the interest rate is very high than capital first. They used to charge for documentation, insurance and other things. Additional charges along are 12000.
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      , coimbatore
      Reviewed on Aug 05, 2017
    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have received a personal loan with Bajaj Finserv in last year, They have disbursed my loan within 72 hours. Based on my eligibility I got the loan amount and I am happy about it. The customer service and the response was good with Bajaj finserv. The rate of interest is nominal with Bajaj . I got the Bajaj card based on the Bajaj Finserv personal loan.
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      , nellore
      Reviewed on Aug 03, 2017
    • Bajaj Finserv Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      I have recently taken a personal loan from Bajaj Finserv, it was good experience with them. Less documentation and easy processing but what I did not like about them is Intially they told me that there was no processing fee charges later on after some days they said processing fee will be charged for around 2000 rupees, So I told them I am not interested please cancel the loan later after some days they called and said no processing fee would be charge you can process the loan.
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      , pune
      Reviewed on Jul 26, 2017
    • Bajaj Finserv Personal Loan
      "Very good services & offers"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv offered me a second personal loan after three years of the first one. This experience was fine too as they offered me a reducing rate of interest of around 12% to 13%. The processing charges were very much normal too. Also they were not in need of too many documents too.
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      , indore
      Reviewed on Jul 23, 2017
    • Bajaj Finserv Personal Loan
      "Overall a good experience "
      0.5 5.0/5 "Blown Away!"
      When I first took a personal loan with Bajaj Finserv, I was offered a rate of interest of 14 to 15%. The process was convenient as I received the funds on time without any hassle. The customer services and response was overall good and I got the welcome kit on time too.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
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    Bajaj Finserv Personal Loan Eligibility Calculator is Rated as "Great!" by 1481 Users

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    About Bajaj Finserv Personal Loan

    Bajaj Finserv offers personal loan to finance a wedding, a vacation and for medical emergencies. It provides personal loan up to Rs.25 lakhs depending on the eligibility, income and repayment capacity. The applicant can apply for the Personal Loan online and expect a quick approval and enjoy low rate of interest. The borrower is given the option of part prepayment facility and no foreclosure charges will be charged. The borrower does not have to provide any collateral for the personal loan as it is an unsecured loan.

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    Bajaj Finserv Personal Loan Eligibility

    The basic eligibility for a salaried individual to avail a Bajaj Finserv personal loan are as follows:

    • Profile: Applicant must be a resident and a salaried individual.
    • Age:Applicant must be at least 25 years old but not more than 58 years of age.
    • Income: The minimum monthly net salary requirement for the various cities are as follows:
    Rs.40,000 or more Delhi, Mumbai, Hyderabad, Bangalore, Chennai and Thane.
    Rs.35,000 or more Ahmedabad, Pune, Kolkata, Aurangabad, Baroda, Chandigarh, Cochin, Coimbatore, Gandhinagar, Ludhiana, Madurai, Mandi Gobindgarh, Indore, Jaipur, Jalandhar, Mysore, Nagpur, Nasik, Panchkula, Panipat, Patna, Rajkot, Ranchi, Trichi, Trivandrum, Vijayawada, Yamunanagar, Jamnagar, Jamshedpur, Jodhpur, Kanpur, Karnal, Khanna, Kolhapur, Kota, Madurai, Mangalore and Mohali.

    Factors affecting Bajaj Finserv Personal Loan Eligibility

    There are many factors that affect the applicant's’ eligibility. Banks give loans to those who are capable of repaying it and who do not default on making the payments. Some factors that affect an applicant’s eligibility are:

    • Residence:Individuals living in metro cities are given personal loans easily. Bajaj Finserv gives preference to those who have their own home. That is because those who have their own home will not have an additional financial burden of paying the rent and will have a higher disposable income.
    • Income:The level of income indicates how much EMI you can afford to pay. This affects the total loan amount that will be sanctioned to you. If your income is higher, the higher are your chances of getting a bigger loan amount sanctioned to you.
    • Age:If you are too young, the chances of you shifting jobs are higher and the banks do not prefer to offer younger salaried individuals loans. The banks prefer those who have stability in their work life.
    • Employment status:An applicant who has stayed in a company for a longer period will get higher preference. It shows stability in his income and the bank can be assured that the applicant has constant cash flow to pay the EMIs.
    • Other loans taken:If the applicant already has other EMIs to pay, then the chances of him getting a personal loan from Bajaj Finserv is lower unless he has a higher range of income. The bank will not provide another loan as the applicant will be burdened with having to pay multiple EMIs.

    How CIBIL score affects your Bajaj Finserv Personal Loan Eligibility?

    When an applicant applies for a loan with Bajaj Finserv, the bank immediately runs a credit check. If the applicants CIBIL Score is above the ideal range, the bank will further consider your application and go through your credit report.

    The banks take into consideration the loans that you have taken previously and closed. It will check the credit payment history to check how efficiently you have repaid the loan and if you have defaulted in making payments. It also considers the types of loans (secured and unsecured loans) you have taken.

    The credit report records the loan settlement information (if you have settled any loan) in the report, the bank considers it as a negative remark and may not provide you a loan.

    How to increase Bajaj Finserv Personal Loan Eligibility?

    You can do the following to increase Bajaj Finserv personal loan eligibility:

    • Maintain a good credit history: Pay all your EMIs on time. Find ways to increase your CIBIL score and never agree for a settlement, find other ways to pay back the loan or refinance it for a longer tenure.
    • Get lower EMIs on existing loans: If you are able to, refinance your existing loan for a lower interest rate or extend the tenure of the existing loan. This reduces the EMIs and ensures that you meet all the payments.
    • Prepayment: If you have lesser EMIs left on any loan, then prepay them and close the loan. You will then have a higher disposable income. You will also stand a chance of getting a higher amount loan.
    • Have both secured and unsecured loans: Have a mix of both the secured and unsecured loans. Build equal credit and asset. Secured loans are looked at favourably and it increases your eligibility.
    • Don’t apply for too many loans at a time: If you are in need of a loan, then don’t apply at all the banks at one time. All the banks will run a credit check together and it gets recorded in your credit report. This will also look bad on your report and also affects your credit score.
    • Don’t have too many credit cards: Having too many credit cards is also unfavourable. Though you may not have used up all the credit on the cards, it will however considerably lower your overall credit limit.

    FAQs on Bajaj Finserv Personal Loan Eligibility

    Q. What are the age limits required for a salaried individual to take a Bajaj Finserv personal loan?

    A.Applicant must be at least 25 years old but not more than 58 years of age.

    Q. What is the minimum income requirement for a salaried applicant?

    A.The minimum monthly net salary requirement for the various cities are as follows:

    • Rs.40,000 or more for salaried individuals of Delhi, Mumbai, Hyderabad, Bangalore, Chennai and Thane.
    • Rs.35,000 or more for salaried individuals of Ahmedabad, Pune, Kolkata, Aurangabad, Baroda, Chandigarh, Cochin, Coimbatore, Gandhinagar, Ludhiana, Madurai, Mandi Gobindgarh, Indore, Jaipur, Jalandhar, Mysore, Nagpur, Nasik, Panchkula, Panipat, Patna, Rajkot, Ranchi, Trichi, Trivandrum, Vijayawada, Yamunanagar, Jamnagar, Jamshedpur, Jodhpur, Kanpur, Karnal, Khanna, Kolhapur, Kota, Madurai, Mangalore and Mohali.

    Q. What is the maximum amount sanctioned towards personal loan by Bajaj Finserv?

    A. The maximum amount sanctioned towards personal loan is Rs.25 lakhs.

    Q. What is the tenure for personal loan offered by Bajaj Finserv?

    A.Bajaj Finserv offers personal loan for a tenure ranging from 12 months to 60 months.

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