Bajaj Finserv Personal Loan
Bajaj Finance Limited is a leading Non-Banking Financial Company in India, offering personal loans up to Rs. 25 lakhs for salaried individuals and is one of the largest consumer durables financiers in India. A Loan from the company provides a host of unique features and benefits such as speedy approval and minimal documentation. Details regarding the documentation and the eligibility requirements are provided below.
Documentation
Generally, the following supporting paperwork will be required to process your loan:
- Signed application with photograph
- Proof of identity, employment and income
- Cheque for processing fee
Eligibility
You’re probably eligible for this loan if you’re a major who is able to adequately service loan payments. This goes to your creditworthiness which is a direct reflection of your stability, scalability and nature of employment and income which correlates to your age. The higher you rate on these criteria the better your chances for approval.
Why choose Bajaj Finance Personal Loan?
Attractive Rate of Interest:
Starts from as low as 16% interest rate for salaried individuals.
Special Offers for Existing Customers:
It provides special pre-approved offers for their existing customers as per their financial history.
Active Customer Support:
The Company offers a 24/7 customer support helpline including toll free number, emails and SMS allowing users to get in touch with the company to resolve their grievances at the earliest.
Features of the Loan
Quick Loan Approval:
The Company is known for their quick loan approval as well as disbursal mechanism ensuring that all loan applications are approved quickly.
Online Loan Applications:
Loan applicants do not need to visit the Company local office in person in order to apply for a loan. The online application facility is helpful for people to apply at their own convenience.
Part Prepayment facility:
Borrowers are allowed to prepay their loans at no extra cost. They have the option to prepay their loan up to 6 times in one financial year. The prepayment facility is available after clearance of the first loan EMI.
Zero Foreclosure Charges:
Borrowers are also allowed to close their loan at any time with zero foreclosure charges.
Complete Online Account Access:
The Company offers complete online account access to users with their loan details, repayment history, interest certificates, payment schedules etc. Users can also access their loan account from any location at any point of time.
Personal Loan FAQs
- Am I eligible for this loan?The Company offers these loans only for salaried individuals earning at least Rs. 35,000 per month.
- How do I repay the loan?The loan can be repaid using the ECS facility or through post-dated cheques.
- What is the tenure for the loan?Loans can have a tenure varying from 12 to 60 months.
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