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  • Bajaj Finserv Loan against Shares is Rated as "Great!" by 1627 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
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      I have Bajaj EMI card based on that, they have provided personal loan. My principal amount was Rs. 1 lakh for the tenure of three years, interest rate was quite okay. I am fine with the service they helped to get the disbursement amount within five working days.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • Bajaj Finserv Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv is very good when it comes to customer services. They were very quick in contacting me and check about my requirement. The response was overall good. I have taken a personal loan and the rate of interest was of 13% and the processing charges were also very much normal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I previously applied for the personal loan from Bajaj Finserv, it was a good loan experience overall. The loan amount was for Rs 25000 with the rate of interest of 13% which is high when compared to other sources. Customer service was good, they provided door step service to collect the documents. The process was very smooth and easy, my loan was approved within 2-3 days.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 21, 2017
    • Bajaj Finserv Personal Loan
      "Recommedable"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from BAJAJ FINSERV and the disbursed loan amount was 7000. The rate of interest was 14%. The monthly EMI comes around 3000 for 3 years. The processing fee was 2% of the principal amount. Documentation process done well and i can recommend this service to others.
      Was this review helpful? 0
      , anuppur
      Reviewed on Nov 20, 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 is around 10% as flat. I would like to say that the customer service is good one with them, also there are no issues on it. I am happy with the Bajaj Finserv.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • Bajaj Finserv Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good experience with BAJAJ for my personal loan service but the interest rate they offered me was high compare to others in the market the documents will be collected from my door step also the customer service of BAJAJ was very good and the payments where generally through online it was totally a good experience with BAJAJ for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • Bajaj Finserv Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Bajaj Finserv and the interest rate is around 18%. The loan amount got disbursed within one to two days of time, also am really happy with the Bajaj Finserv and its really a better one to go ahead with the financial products.
      Was this review helpful? 0
      , hubli
      Reviewed on Nov 16, 2017
    • Bajaj Finserv Personal Loan
      "Looking for better Service"
      0.5 2.0/5 "Expected more"
      I have taken personal loan from Bajaj Finserv, they offered me an EMI card, their executive have called me and offered loan based on profile. I got the loan amount of Rs.49,000 for the tenure of three years. But the interest rate which they offered me it was high. The service is not good, they never contacted me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 16, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The service is average with BAJAJ FINSERV personal loan . They have a disbursed my loan amount within 4 to 5 days of time. The customer support is average with bajaj finserv. The rate of interest and the charges are very high with bajaj finserv personal loan .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 15, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have previously taken personal loan with Bajaj Finance, the loan amount was for Rs 20000 with no rate of interest as the loan amount is very less. The process was very smooth and easy, my loan amount was approved within one hour. I submitted my documents online. Customer service was good and they responded on time.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 15, 2017
    • Bajaj Finserv Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Being an existing customer of Bajaj, they offered best interest rate on personal loan. They gave me flexible loan option with unlimited part payment and preclosure. I took the amount of Rs. 2.5 laks for the tenure of 36 months, I am very satisfied with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 14, 2017
    • Bajaj Finserv Personal Loan
      "Frauds"
      0.5 0.5/5 "Unacceptable"
      They gave fake commitments saying 0% pre-closure and part payment but just changed it before the first emi. Again they come back with topup offers stating that we are giving the same offer if u top up. Just dont take loans from Bajaj finserve.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 12, 2017
    • Bajaj Finserv Personal Loan
      "Charges should be waived off"
      0.5 3.0/5 "Satisfactory"
      Some agent called me behalf of Bajaj Finserv, they informed about the personal loan offers. Then I taken loan from them, they have charged me high and taken lot of hidden charges. I took the loan amount of Rs. 5 lakhs, but my amount credit card around Rs. 4.8 lakhs.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 11, 2017
    • Bajaj Finserv Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I had taken a personal loan with Bajaj finserv.The loam amount is 50,000.Rate of interest is 17% high as co pared to others.Net banking is convenient to use and options are easy to understand.They had deducted processing fees from my principal.
      Was this review helpful? 0
      , amalner
      Reviewed on Nov 11, 2017
    • Bajaj Finserv Personal Loan
      "Not a fair deal to avail flexi loans"
      0.5 2.0/5 "Expected more"
      While the loan processing and response of the customer services is good while availing the loan. But the response after the loan disbursement is worst. I have taken flexi loan and it was said only interest only charged and principle amount can be paid at your convenient. But it was shock to me EMI was charged to my account including Principle amount. Voice services to reach the customer center is worst and there is no option to speak to customer executive quickly. Also unable to transfer the loan amount my virtual amount. I tried multiple times as per guidelines shared by Bajaj Flexi team. Over all it was a worst experience for me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I got a experience with the BAJAJ FINSERV personal loan around 3 years ago, The rate of interest was very high with BAJAJ FINSERV when compared with others. The customer support is average with BAJAJ FINSERV. We can't expect immediate response from BAJAJ finserv.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Nov 10, 2017
    • Bajaj Finserv Personal Loan
      "Bad experience"
      0.5 1.0/5 "Really Bad"
      I have closed my personal loan with Bajaj by last month. It is a duration of 1 year. It was a worst experience on my personal loan. The rate of interest is very high, they charged 32%. The processing fee is very bad. Overall it was not satisfied.
      Was this review helpful? 0
      , nagercoil
      Reviewed on Nov 10, 2017
    • Bajaj Finserv Personal Loan
      "They are the good and very efficient"
      0.5 4.5/5 "Excellent!"
      I was looking out for a lower interest rate , plus I was in need of a top up loan and this loan was actually needed for an emergency purpose. Bajaj agreed to provide the loan however the rate of interest rate, fees and insurance was very high . When it comes to bajaj finserve, it is a good company i would say they are using technology to the core when it comes to loan approval thereby the loan disbursement happened in a short period of time. Further they are very good at Cross selling the by -product they always retain the customers by providing exciting offers. Online it is very easy for one to get these kind of offers also via SMS too. Further more, we can call , verify and confirm the offer details with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I had applied for the personal loan from Bajaj Finserv, my loan application was approved and the requested amount was disbursed. The loan amount was for 5 lakhs with the rate of interest of 15% which is fine according to me. The customer service was good and door step service was provided for document collection. The process was very smooth and easy.
      Was this review helpful? 0
      , ambala
      Reviewed on Nov 10, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ finance and this was taken 1 year back. The loan amount was 1.60 lakhs and the interest rate was 11.5% which was average in the market. The EMI period was 3 years. The loan process was easy and they have provided door step service for collecting documents. My overall experience was good here.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 08, 2017
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