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Website > Pages > Personal-Loan.aspx
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| Introduction |
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One of the leading players in the personal loan business, Bajaj Finserv Lending
personal loans can be availed for your personal use
without providing security or guarantors.
You can apply online now to avail a personal loan for the renovation
of your home, a marriage in the family, a holiday with
your family, medical expenses or for an emergency.
We offer loans that are convenient, flexible, come
with fast processing and have superior features like
Nil prepayment charges. Bajaj Finserv Lending personal
loans will ease your burden and add to your joys.
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Features &
Benefits |
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Bajaj Finserv Lending Personal Loans comes with
the following unique Features:
• Personal Loan Amount ranging between Rs.1
lac to Rs.30 lacs
• Nil foreclosure charges *
• Part Prepayment facility
* - Now, be rewarded for repaying your loan on time
and reduce your EMI or tenor or both by using the
part prepayment facility .You can prepay upto 6 times
in a calendar year at any interval with the minimum
amount per prepay transaction being not less than
3 EMI’s and there is no limit on the maximum
amount.
• Flexible repayment options of 12 to 60 months
• Personal Loan details and payment options
available online
Bajaj Finserv Lending Personal Loans comes with
the following unique Benefits:
• Prompt Repayment Benefit
- Bajaj Finance offers an exclusive benefit to the
customers who pay all their EMI’s on time. Subject
to timely clearance and no delays of all EMI’s
for total tenor. BFL would refund 1% of the annualized
interest amount paid. The same will be paid every
12 months of the total tenor
• Hassle free documentation & loan approval
• Door Step Service
• Direct Credit to your account
• Attractive & customized life insurance
products
*Applicable following 1st EMI clearance.
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Eligibility & Documents |
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Eligibility
| Salaried: |
Individuals working for top Indian & Multinational
companies are eligible for a personal loan. Gross Monthly
Salary requirement is as follows:
Rs 75,000 per month (For Delhi/NCR, Mumbai, Hyderabad,
Bangalore and Chennai locations)
Rs 40,000 per month (For other locations)
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Documents
| Documents Required for a Personal
Loan |
| Photograph |
Color Passport size
photograph (signed across the photograph) |
| Financials |
Salary Slip of last
3 months |
| Bank Statements |
Continuous recent
3 month bank statement of salary account |
| Employment Proof |
Employee ID Card
and Visiting card |
| Work Experience Document |
Current employment
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Appointment Letter
/ Form 16 / 1 year old salary slip |
| Previous employment |
Appointment letter / Form 16 / Promotion letters/
transfer / confirmation letters / previous salary
slip
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| KYC |
Identity Proof |
Passport / Voters ID card /
Driving License / PAN Card |
| Address Proof |
Passport / Driving License / Ration card /
Latest Mobile Bill / Letter from Employer (with
HR /Admin sign)
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Signature Proof |
Passport / PAN Card / Driving License / Photo
Credit card (front only)
/ Banker Verification
Letter
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| Age Proof |
Passpor t/ PAN Card / Driving
License / Birth Certificate |
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Fees & Charges |
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| Type of Fees |
Charges Applicable |
| Processing Fees on Personal Loan |
2% - 3% of the loan amount |
| Foreclosure Charges* |
NIL |
| EMI bounce charges |
Rs 1,000 for every bounce |
| Penal Interest |
2.00% p.m |
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* Applicable following 1st EMI clearance
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It facilitates to calculate the monthly installments on your loan
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Bajaj Finserv Lending offers financial counseling to educate consumers about the basics of availing a loan.
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We offer information on topics about when & why you should avail a loan to what factors go into determining your eligibility for a loan.
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