Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan 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 Eligibility Calculator is Rated as "Great!" by 1461 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    Perfect Personal Loan Deals for you

    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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