Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Bajaj Finserv Loan against Shares Reviews

    • Bajaj Finserv Personal Loan
      "trapped in flexi loan"
      0.5 0.5/5 "Unacceptable"
      I was shell socked when I got a credit of 779165 Rs. in my account. While I was explained that I will get an online account and whenever needed I can transfer the money to my saving account and pay for what you use. But it happened before I was allotted that online flexi account. 52835 Rs as Processing fee and insurance was charged for all 8 lakh and deducted from the maximum possible amount sanctioned to me. I was told that this is better than credit card but credit card does not charges the applicable fee for maximum limit against allotted card. According to my understanding if I use anything I will be charged but all the sanctioned money was forced to me. I have not used any amount and I was charged 52835 Rs as insurance and processing fee. Now I want them to cancel my loan and this is not what I was offered.but I am not getting any reply from their customer care/grievance redress email or the people who called me many times to complete the process.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      BAJAJ FINSERV just took 3 days to disburse the personal loan., The executive came to my place and collected the documents, which is very easy and convenient. The rate of interest is very low when compared with others,. Overall I am happy with the loan amount also they have offered the best interest rate too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      In the year of 2012, I got personal loan from Bajaj. Actually they already preapproved the loan and they approached me on the same. Even I availed the loan without raising any thing from my end. But the interest rate was quite high, which is 24%. Hence I have done foreclosure. The service was really good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I am having the personal loan with the Bajaj Finerv and the interest rate is around 14%. Loan amount got disbursed to my account within three to four days of time. Response is good one with them and the processing charges were around 10000 Rupees for 6 lakh Rupees as capital, which is really huge . I would like to suggest that they need to stick with their commitments like now they are showing the variation in prepayment charges.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 17, 2017
    • Bajaj Finserv Personal Loan
      "High Rate of Interest"
      0.5 2.0/5 "Expected more"
      Long time back I had taken preapproved loan from Bajaj Finserv which is personal loan. They collected required documents from me to process the loan. The loan amount is around three or four lakhs, but the interest rate is very high with them. Because of high interest rate, I had foreclosed the loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 17, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan couple of years back with bajaj finserv. The services are very good. The response was quick. They collected my documents on time and the loan was processed on time too. The rate of interest was 25% which was bit high but they have come down now and the processing charged is 6k including insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Bajaj Finserv offered me a personal loan. They have easy options in payment and it is very easy to finance with Bajaj and interest rate was 19% the loan amount is 63000 thousand cutomer was really good, they have offered me bajaj card so that there is no need for me to submit all the documents expect for pan card.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2017
    • Bajaj Finserv Personal Loan
      "High on ROI & charges"
      0.5 3.5/5 "Pretty good"
      My personal is from Bajaj Finserv and the team is quick in the process and paper work. The customer services are good and they are responsive too. But the interest rate and processing charges are high. I would not wish to refer them because of the high rates.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 15, 2017
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      When I took personal loan with Bajaj Finserv at the time my loan interest rate was 15% but they are offering around 11% of interest on loan products. I appreciate the Bajaj Finserv loan process, they gave me part payment and zero foreclosure option. I took the loan of Rs.3 Lakhs and I have closed during the second year without any charges.
      Was this review helpful? 1
      , pune
      Reviewed on May 03, 2017
    • Bajaj Finserv Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      BAJAJ FINSERV took around one week of time to disburse my personal loan. Because the day when I submitted my documents, within 3 days of time I got the loan credited to my account. I have just submitted the ID, address proof and salary slips and my photo copies . It was very smooth with the documentation process as well. I got personal loan based on my Bajaj card. The interest rate are high when compared with others.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 03, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv offered me a personal loan. They have easy options in payment and it is very easy to finance with Bajaj. But the rate of interest is too high for my personal loan than other financial institutions. Customer service is fine and approachable.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 03, 2017
    • Bajaj Finserv Personal Loan
      "Rate of interest & other charges can be decreased in future"
      0.5 3.0/5 "Satisfactory"
      Availed Personal loan from Bajaj finserve around 6 months ago. They had offered me a personal loan for an interest of 28 % . The rate of interest . fees and charges needs to be reduced. The customer support needs to improve a lot with bajaj finance. I pay the loan amount through the ECS option, which is very easy, they dont have foreclosure option through on line, they are asking me to visit there branch to close the loan, which needs to be changed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 25, 2017
    • Bajaj Finserv Personal Loan
      "Quick in reponse"
      0.5 5.0/5 "Blown Away!"
      Approached Bajaj Finserv for my personal loan, I got a quick response, and there process is very fast. The rate of interest and the other charges very low with bajaj finserv. They just took around 3 days to disburse my loan, which is very helpful.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 23, 2017
    • Bajaj Finserv Personal Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv approached me for a personal loan. They quoted the interest rate of 16% but I had not accepted the interest rate, so they had reduced it as 12.5%. But the processing fee was 9000 along with the health insurance for 24000. Also they put some charges around 7000 for some policy. Other charges are very high so I did not take loan from Bajaj. But their way of approaching was very speed.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 21, 2017
    • Bajaj Finserv Personal Loan
      "Super Fast Service"
      0.5 4.0/5 "Great!"
      Bajaj Finserv is such a good financial service provider. I recently applied for a personal loan. On the same day they had collected the documents, the very next day the loan amount been disbursed. Following day they sent a message stating that my loan had been approved. I am trying to say that, even they disbursed the amount before sending a information that my loan got approved. That much fast they are. Interest rate is very negotiable with them. It is very comfortable with Bajaj in all the aspects.
      Was this review helpful? 0
      , howrah
      Reviewed on Apr 21, 2017
    • Bajaj Finserv Personal Loan
      "cheaters and not reliable"
      0.5 0.5/5 "Unacceptable"
      I have a taken a personal loan from Bajaj in 2014 and the agreement was there would be no preclosure charges. But these cheaters now charging a 4% preclosure charges. When asked they are saying as per current economic standards.They are charging from JUN 2016 it seems. If so then they should ve implemented it for the new loan applications but they are charging for the existing ones.I dont understand how these people are working. Frauds and cheaters.People dont take loans from these people they are not reliable. Should have given a negative star.
      Was this review helpful? 2
      , chennai
      Reviewed on Apr 19, 2017
    • Bajaj Finserv Personal Loan
      "Very high Interest rates"
      0.5 2.0/5 "Expected more"
      Bajaj finance took around 10 days of time to disburse my personal loan, with the tenure of 2 years. The rate of interest, other charges are really high when compared with others. The interest rates can be decreased in future. The response and the follow up was really good with bajaj finance.
      Was this review helpful? 1
      , ambala
      Reviewed on Apr 15, 2017
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bajaj finance Corporation is very good. They took around 2 days of time to disburse my personal loan. The follow up was very good, they took around one day of time for the documentation. The rate of interest and charges charged by them is way too high which cannot be even compared with others. Plus, they are primarily focusing on consumer loan, gold loan and mortgage loan. They are really doing great in all the aspects.
      Was this review helpful? 3
      , raipur
      Reviewed on Apr 12, 2017
    • Bajaj Finserv Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I got the personal loan with the Bajaj Finserv and their interest rate is around 19.5% and the loan amount got credited to my account within a day of time. Processing charges are around 2% of the total capital amount. I would like to suggest that they need to stick with the information as they verbally confirm certain things, but you can not find the same in the papers.
      Was this review helpful? 2
      , madurai
      Reviewed on Apr 04, 2017
    • Bajaj Finserv Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I have taken personal loan with Bajaj Finserv on last year, they done the fast process within 10 days they realized the amount. I had taken the amount of Rs. 3.9 lakhs with the interest rate around 12%, with the tenure of five years, I am happy with pre and post process of Bajaj service.
      Was this review helpful? 3
      , ludhiana
      Reviewed on Apr 04, 2017
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    Bajaj Finserv Loan against Shares is Rated as "Great!" by 1414 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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.

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