Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Bajaj Finserv Loan against Shares is Rated as "Great!" by 1649 Users

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    Bajaj Finserv Loan against Shares

    Overview about Bajaj Finserv Loan against Shares

    Bajaj Finserv provides a specific loan that aims to provide liquidity on assets without actually having to cancel investments. Financial needs are aptly addressed through this variant of secured loan that uses investments made by the applicant as a virtual collateral.

    Where can Bajaj Finserv Loan against Shares be used?

    This unsecured loan is provided to people with investments in listed securities like shares, mutual funds, insurance and bonds and thus requires no guarantors or collaterals. The loan thus availed can be used for any personal or business need that might have come up urgently and needs to be addressed.

    Who can apply for Bajaj Finserv Loan against Shares?

    An unsecured loan against investment in shares, this specialised loan has a few eligibility criteria to be met in order for the institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –

    1. The applicant should be an Indian resident
    2. The applicant should be at least 25 years of age when the loan is sanctioned
    3. The applicant should be a salaried professional with a regular source of income
    4. The minimum value of securities held by the applicant should be INR 25 lakhs

    What are the types of financing under Bajaj Finserv Loan against Shares?

    Loan against Shares from Bajaj Finserv is an exclusive demand loan that has very short turnaround times for approval and can be repaid as early as possible with no pre-closure fees.

    What are the loan limits under Bajaj Finserv Loan against Shares?

    Based on the credit-worthiness of the applicant, validity of documents and value of the securities, Bajaj Finserv can provide loans within a range of INR 15 lakhs to INR 10 crores.

    What are the interest rates for Bajaj Finserv Loan against Shares?

    Interest rates for a Loan against Shares could range from 11% per annum to higher figures based on Bajaj Fiserv’s discretion.

    What documents are required during applying for Bajaj Loan against Shares?

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. Application form
    2. Passport-size recent photograph
    3. Identity Proof (Government approved)
    4. Address proof (Government approved)
    5. Signature Proof
    6. Date of Birth Proof (Government approved)
    7. Income Details with latest pay slip and Form 16 for the immediate past 2 years and last 6 months’ Demat statement
    8. Bank Account Statements for the immediate last 3 months

    What are the features of Bajaj Finserv Loan against Shares?

    The Loan against Shares from Bajaj Finserv is an unsecured loan that requires no guarantors or collaterals and is a really good financing option for urgent financial needs on personal or business grounds.

    Some key features of this specialised loan are as follows –

    1. Loan tenure or repayment period is 12 months
    2. Monthly payments are only the interest portion on the loan amount
    3. Securities that have been pledged for the loan can be swapped at any given time
    4. One can access the portfolio online through Bajaj Finserv’s dedicated portal
    5. A dedicated Relationship Manager allows easy resolution of loan terms

    How to apply for Bajaj Finserv Loan against Shares?

    The loan can be applied for through Bajaj Finserv’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Bajaj Finserv requesting an executive assistance for application process.

    One can also apply for Bajaj Finserv Loan against Shares through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.

    Bajaj Finserv Loan against Shares Reviews

    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and the charges are high with the BAJAJ finserv personal loan process. I have got the approved loan amount from bajaj finserv I would say I am satisfied with the loan amount. the customer support gave me good response in regards to my credit cad application,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 15, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Interest and the charges are very high with the bajaj finserv personal loan services . I have got the bajaj finserv personal loan around 2 years ago. I have got the loan amount of Rs,1,26,000, with the tenure of 3 years. They have also charged the insurance amount with the bajaj personal loan.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 13, 2017
    • Bajaj Finserv Personal Loan
      "Personal loan with Bajaj"
      0.5 5.0/5 "Blown Away!"
      From BAJAJ FINSERV i have taken a personal loan. The total approved amount was 1.75 lakhs. The monthly EMI is 8000. The interest rate is minimal. They charged 1000 rupees as processing fees. I make the payment through cheque with bajaj.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 12, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv sanctioned Rs.1.80 lakh, in that 15,000 got deducted for processing fee and insurance. Bajaj Finserv charged me 29.54% of interest for the tenure of 36 months. It was very high compared to other bank hence I am going to do balance transfer.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 09, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The response was not up to the mark with the bajaj finserv , I have applied a personal loan with the Bajaj ,but there was no follow up even though I have submitted the required documents to the bajaj finserv. The response part need to be improved with the Bajaj finserv
      Was this review helpful? 5
      , mumbai
      Reviewed on Dec 08, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Bajaj Finserv and the interest rate was around 19%. Customer service is okay one with them. They have given the loan amount within a week of time and everything is good one for me with the Bajaj Finserv.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Bajaj personal loan for a period of 36 months.The loan amount is 65,000.Net banking is user friendly and easy to navigate.I make loan payments through ECS.The rate of interest is high as compared others.I completed 7 months of EMI.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Dec 06, 2017
    • Bajaj Finserv Personal Loan
      "Looking for better interest rate"
      0.5 4.0/5 "Great!"
      I took personal loan from Bajaj Finserv, their service is not good. They don't have proper customer care at all. I took the loan amount of Rs. 50,000 for the tenure of three years, they gave me high interest rate, compared to other competitor.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj Finserv was good, the loan amount was for Rs 1 lakh with the best interest rate in the market. The loan period was 3 years and my loan amount was transfered directly to the account after 24 hours, The process was very smooth and easy. Documents were collected on time and the customer service was good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Good plan"
      0.5 5.0/5 "Blown Away!"
      Recently I took Bajaj personal loan, they gave me flexi pay option. When ever I make any principal amount automatically, the interest gets reduced based on tenure period. I am an existing customer of the Bajaj, hence they gave me flexi pay. Interest is good and they negotiated from 17 to 12% of interest.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Decent Personal Loan"
      0.5 3.0/5 "Satisfactory"
      I took a Personal Loan with Bajaj of Rs.4.23 lakhs and felt the overall experience with it to be good. Their Rate of Interest 16% is a little higher compared to other Banks. Process of getting the Loan was short and didn't require much documentation.
      Was this review helpful? 8
      , bangalore
      Reviewed on Dec 01, 2017
    • Bajaj Finserv Personal Loan
      "OK OK EXPERIENCE"
      0.5 1.5/5 "Bad"
      I am not happy with the experience i had with BAJAJ FINSERV . the money got disbursed in 4 working days and i got a Full approval on the amount i asked for . What they communicated on call and on paper it was different . i took for 10 Lakh . They told there are no for closure charges they told me and after i got the amount there was charges they told . the customer service was good . Roi was 14% they charged on the amount . I was not happy with the for closure charges .
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 01, 2017
    • Bajaj Finserv Personal Loan
      "Needs to improve on Customer Service"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan from Bajaj Finserv, my loan application was approved and the requested amount was disbursed. The loan amount was for Rs 6.5 lakhs with the rate of interest of 17.00% which is very high when compared to other sources. Initially they quoted the rate of interest for 12% and later they changed to 17%. Customer service was not up to the mark, they misguided and their response was not on time. The processing fees is also very high.
      Was this review helpful? 6
      , vadodara
      Reviewed on Nov 30, 2017
    • Bajaj Finserv Personal Loan
      "Easy Loan option"
      0.5 4.0/5 "Great!"
      I felt Bajaj Finserv rate of interest was huge, they offered 13.65% for the loan amount of Rs. 1.37 lakh it has the tenure of four years. Their approached me very good, initially the have called and approved the loan without any hassle, I am fine with their service.
      Was this review helpful? 5
      , bangalore
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Rate of interest offered from bajaj for my personal loan service was good compare to others in the market they provide me with 13.65 interest rate they documents have been collected from my door step it was been four months I closed the loan service it was a good experience with bajaj personal loan service.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Had the personal loan with Bajaj finserv around 2 years ago. The customer support is good with Bajaj finserv, within the promised time I have got the loan amount. The rate of interest and the charges are average with bajaj finserv. I am satisfied with the loan amount.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Interest is high"
      0.5 5.0/5 "Blown Away!"
      Owing to my continuous relationship with the Bank for over Ten years, they gave me this pre-approved Personal Loan. They were ready to give me how much ever I want. I decided to take RS.70000 loan from them. But I felt the Interest Rate offered by them is pretty high, I ended up paying Rs.25000.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with Bajaj by this year. I am paying 1700 rupees per month through ECS. The rate of interest and charges are average. Whenever I call the customer care they don't respond properly. They blocked my card for no reason. The documentation process is simple and provided a doorstep service.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Wonderful Service of bajaj Finserv, Very quick and best"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from bajaj finserv and the service I got was very quick and I got good rate of interest. They promised me for amazon vouchers worth rupees 4k, but due to some issues they could not provide me vouchers, so they transferred the amount to my account as work around. I recommend this bank to all ppl.
      Was this review helpful? 7
      , pune
      Reviewed on Nov 27, 2017
    • Bajaj Finserv Personal Loan
      "Trapped in flexi loan"
      0.5 0.5/5 "Unacceptable"
      I got message from bajaj, that 579862 Rs loan amount was section and after 2 days 546137 Rs is disbursal in my saving account, when i ask them why this amount is deducted, then they replied me its insurance amount. but before taking loan no one told about that deduction. Now day without any used of money 33725 Rs as processing fee and insurance was charged for all loan amount and deducted from the maximum possible amount sanctioned to me. Even i don't want this money, i only take this bkz they said if you are not used this all money then nothing charge to you, that's why i take this.... now i feel its by biggest mistake to take this flexi loan
      Was this review helpful? 3
      , vapi
      Reviewed on Nov 25, 2017
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