Bajaj Finserv personal loan is always available if you want a personal loan for a luxurious vacation, a grand wedding, for further studies, or any other personal expenses, and easy disbursement of the loan amount is simple to use, making it a good tool to tackle financial emergencies. Bajaj Finserv is one of the most profitable and well-established personal loan lenders in the Indian financial industry. Both salaried and self-employed individuals can use the loan from Bajaj Finserv. It comes with assured financial plans and flexible options for repayment for the convenience of the borrower.
- High loan amount: You can take advantage of the high personal loan amount of Bajaj Finserv based on your qualifications.
- Flexible repayment tenure: The flexibility of the repayment term of the personal loan lets clients repay the loan according to their convenience. Bajaj Finserv provides a flexible repayment duration of up to 5 years.
- Quick approval: The immediate approval of the loan application and the disbursement of the amount made Bajaj Finserv one of the borrowers’ preferred choices
- Fast Documentation: This is one of the reasons why personal loans from Bajaj Finserv are so common. The technology-enabled platform makes the process of documentation easy and fast.
You can get the loan approved within one business day if you meet all the eligibility requirements for the Bajaj Finserv personal loan and have correct records.
- Apply Online: The online application platform for loans has made it easier than ever to process loans.
The Equated Monthly Instalment (EMI) plays the primary role in a personal loan, and knowing the EMI is useful for you in many ways. But it may not be so simple for you to measure it, so you can use the easy and free personal loan EMI calculator from Bajaj Finance for this. Below are some of the main features of Bajaj Finance’s personal loan EMI calculator:
- Debt Repayment Tenure: It is possible to learn the best fit and optimal loan tenure from the calculator. If you want to pay a large number of EMIs to minimize the interest rate, then your loan term would be longer and vice versa.
- Interest Rate: Interest depends on several factors, including EMIs and loan repayment tenure. Since you can determine the best EMI and loan tenure from the calculator, by changing the value before the loan is retained, you will be able to know the affordable interest rate.
Bajaj Finserv Personal Loan Eligibility Requirements
The borrower must meet the conditions set out below for the availability of the loan from Bajaj Finserv. The circumstances are:
- Constant income for the salaried claimant should be given.
- The maximum age for an individual to apply for a personal Bajaj Finserv loan should be 60 years.
- Bajaj Finserv offers private loans to everyone, including workers, self-employed professionals, and businesses.
- The minimum age of the applicant should be 23 years.
Tips that will motivate you to improve your loan eligibility.
- Pay Off all remaining loans
Always strive to have no credit leftovers to repay until you apply for a personal loan. As if there were one, at a high-interest rate, the chances of getting a reduction in the approval of a personal loan and even the chances of securing a personal loan automatically grow.
- Keep a good score for credit
The credit score, of all the parameters set, is the most important factor on which lenders depend.
- Select a longer repayment period
The lender would consider you a trustworthy one if you go for a longer-term loan repayment that will have a beneficial impact on your eligibility for the loan.
- On time, pay your credit card bills
Paying card bills on time increases your loan eligibility.
Documents required to use Bajaj Finserv Personal Loan
To take advantage of a personal loan from Bajaj Finserv, a borrower should have certain eligibility-related documents. All submissions are reviewed by bank officials, so only approval on the application for a loan is given. The requisite generic personal loan documents are as follows:
- A copy of any documents as proof of identity:
- Aadhaar Card
- Visa
- Voter ID card.
- The PAN Card.
- Driving License.
- A copy of any documents which prove the address:
- Aadhaar Card
- Visa
- Voter ID card.
- The PAN Card.
- Driving License.
- Bank records for the last six months.
- The last 2 years of ITR.
Bajaj Finserv Customer Care Number
If you are facing any issue with the private loan and need the data or guidance for the same, you can call Bajaj Finserv customer care number 08698010101.
The Conclusion:
Finally, it can be much easier and simpler to get a personal loan from Bajaj Finserv compared to other lenders, but always remember to apply for as much as you need.