Today we will know How to Apply for a Bajaj Finserv Loan very easily and how many types of loans are provided through this company and what are the rules and all other information so that if we need a loan, we can get the loan without any hassle.
Loan Type And Criteria :
Friends, Bajaj Finserv provides us four types of loans such as personal loan that is for travel, wedding or emergency purposes. Along with that, it also provides business loan and you will also get loan from here for home loan or loan against property. Apart from this, consumer durable loan which is given on purchasing any goods on EMI is also available from here.
There are some eligibility criteria to take a loan from Bajaj Finserv company and it is very important to take a loan. Like the person should be between 21 to 60 years of age, after that he should have a stable income source whether it is salary or self-employed. His bank account credit score should be good and the person should be Indian citizenship with valid documents.
Loan Amount And Interest Rates :
From here you can get a loan from 30000 to 25 lakh rupees and it depends on your credit score. Which you can complete within 12 to 60 months. But remember that the less time you complete your loan, the less interest you will have to pay.
If we talk about interest rate and charges, then the initial interest rate is 11% which can be up to 30% per annum which depends on your credit profile. The processing fee for taking a loan can be from 1% to 4%. Apart from this, there are some possible charges like charge for completing the loan before time or instalment bounce charges or prepayment charges. That is why it is always important to read the loan related agreement carefully before taking a loan.
Documents And Source :
The necessary documents that you will have to provide to take a loan from Bajaj Finserv are PAN card, Aadhar card, as your income proof you can also show your salary slip or income tax file, along with that your bank statement and passport size photo. You will have to upload all this online on Bajaj Finserv’s app or website while applying for a loan.
Also Read : How To Get Loan From Zerodha
If you apply for an online loan on Bajaj Finserv, then you will need a minimum document to submit. Apart from this, you can also check your loan status very easily, along with that you can see all the information about how many installments are left. Apart from this, if you are being offered a loan or get any special deals, you can also find out from here. That is, Bajaj Finserv offers you this and paperless loan, that too to eligible users.
Final Advice :
Bajaj Finserv is a very trusted and regulated lender as far as loan providers are concerned but as it is a financial product, you should always read and check all the terms and conditions, documents and liabilities before applying or proceeding with the loan and check all other details before signing any document so that there is no problem later on.
