Why should you go for Bajaj Finserv Personal Loans? by Mohit Saxena (2024)

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by Mohit Saxena Apply and Get Instant Personal Loan Approval

Availing funds through an instantpersonal loan is the easiest option one can avail of these days. You canapplyfor Bajaj Finserv personal loan onlineto meet your financialobligations. Be it emergency medical expenses, travel plans with your family,or higher education. You can avail of a higher loan amount of up to Rs. 25lakhs if you meet the desired eligibility criteria. The best part is you canget instant approval on your loan application along with minimal documentationand simple eligibility criteria. You can apply for the loan via net banking onthe bank's website or a FinTech web portal according to your convenience.

Advantages of taking BajajFinserv Personal Loan

  • Hassle-free application:The process to apply for the Bajaj Finserv loan is simple and hassle-free. You can file your loan application online through visiting their official website, FinTech portal, or their app.
  • Low rate of interest:Therate of interest on a personal loanfrom Bajaj Finservis competitive and low. It enables you to repay your loan EMIs affordably.
  • No restriction on the end-use of funds:You can use the funds to meet any of your immediate financial requirements such as home repairs, travel or education, higher education.
  • No collateral required:No collateral or security is required to avail a personal loan from Bajaj Finserv. This means you do not need to pledge any asset of your own. What all you need is simple and basic documents such as ID proof, address proof, and income proof which includes your PAN and Aadhaar Card.

Eligibility criteria for BajajFinserv Personal Loan

Following is the eligibilitycriteria to get your loan approved from Bajaj Finserv-

  • Age:A person should be between 25 years- 58 years of age.
  • Net monthly income:To meet Bajaj Finserv Personal loan eligibility, the income should be at least Rs. 20,000-25,000 per month.
  • Employment type:You must be a salaried employee of an MNC, private, or public company.
  • Nationality:You should be a citizen of India.
  • Credit score:Any score above 750 with a good credit history.

The process to apply and checkyour Bajaj Finserv personal loan status through FinTech

Filing a loan application wouldbe much easy if you apply it through a FinTech platform or using their app. Allyou need to do is fill a personal loan online application form, choose the loanamount as per your eligibility. After checking your eligibility and EMI the calculation, start filling the form, upload the scanned documents, and postverification of the documents, the loan will get disbursed in a few hours.

Other ways in which you cantrack your Bajaj Finserv personal loan status-

After filing your loanapplication, you can track yourBajaj Finserv Personal loan statusintwo ways i.e. either online or offline.

The process to check your loanstatus offline-

If you opt to check your loanstatus offline, you can call the customer service center. They will ask you theloan application number or the reference number. The loan application number orthe reference number both are found in the application number. So, whilecalling the customer care to track your loan application, you need to keep thisnumber handy. In case, you have lost your loan application number, the executivemay ask you a few information such as name, date of birth, PAN number, etc toverify your details.

The process to check your loanapplication status online-

You can also track your loanstatus in real-time. Checking personal loans online can be done just with a fewclicks. Here are the inputs you need to provide to track your loan applicationonline such as your name, reference number, date of birth, mobile number, andPAN number. However, if you have forgotten the reference number, then you needto input the below-given details-

  • First, input your name and enter your date of birth
  • Next, choose the product from the drop-down menu. You will have to choose ‘Personal Loan’.
  • Now, enter your mobile number
  • You will also have to give your PAN number
  • Lastly, click ‘Submit’ to get the result

I hope the above informationwould help you to understand every aspect of Bajaj Finserv Personalloans,itsfeatures, advantages, eligibility, and process to check your loan status onlineand offline.


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About Mohit SaxenaWhy should you go for Bajaj Finserv Personal Loans? by Mohit Saxena (1)Apply and Get Instant Personal Loan Approval

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Why should you go for Bajaj Finserv Personal Loans? by Mohit Saxena (2) Report this Page

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Why should you go for Bajaj Finserv Personal Loans? by Mohit Saxena (2024)

FAQs

Is it good to take a loan from Bajaj Finserv? ›

Time management is up to you, but Bajaj Finserv can help reduce your financial burden by offering an unsecured personal loan. These loans do not require setting up any security or collateral against your loans, which means you are free to use your assets for any other requirements.

What are the advantages of Bajaj Finserv? ›

No Cost EMIs. Flexible repayment tenure. Nil foreclosure charges. Easy card access on the Bajaj Finserv app.

Why do you want to join Bajaj Finserv? ›

I would like to work at bajajfinserv.in because it is a leading financial services company in India that offers a wide range of products and services to its customers. I am confident that I can contribute to the growth and success of the company with my skills and abilities.

What makes Bajaj Finance so successful? ›

Bajaj Finserv offers customised and affordable finance that helps you cater to varied business needs with ease. With low-interest rates, flexible repayment options, and good customer service, this option is convenient and hassle-free and will help you improve the profitability of your business.

Which Finance is better HDFC or Bajaj? ›

In conclusion, while both HDFC and Bajaj Finance are significant players in the Indian financial landscape, Bajaj Finance's focus onoffers consumer finance, SME lending, commercial lending, wealth management, and insurance services.

How is Bajaj Finance personal loan? ›

Bajaj Finance Limited offers personal loans with an annualised interest rate ranging from 11% to 38% p.a. which can be repaid over tenures between 6 months to 96 months. For instance, Priya took a personal loan of Rs. 1,00,000 at an annualised interest rate of 15% p.a. for a tenure of 12 months.

How safe is Bajaj Finserv? ›

High stability and credibility: Stability and safety of income are most important for senior citizens. Bajaj Finance's FDs feature an AAA rating by ICRA and an AAA stable rating by CRISIL. This ensures that your investment is in safe hands.

Which is better Bajaj Finance or Finserv? ›

Bajaj Finance focuses on consumer finance. Bajaj Finserv is more diversified and focuses on insurance, investment management, and retail financing. Insurance premium, interest income, fees and commission income, dividend income, and other income.

What are the weaknesses of Bajaj Finance? ›

Weaknesses: Concentration Risk: While Bajaj Finance has a diverse product range, a significant portion of its revenue is still generated from consumer loans. Over-reliance on a single product category exposes the company to sector-specific risks.

Why is Bajaj Finance falling? ›

Bajaj Finance shares dropped on BSE as investors reacted negatively to Q4 results. Motilal Oswal downgrades the stock to neutral rating citing weak FY25 guidance. Concerns include new product segments like cars, tractors, CVs, and potentially MFI.

What is Bajaj Finance in simple words? ›

Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC).

What type of questions are asked in a Bajaj Finance interview? ›

Interview questions at Bajaj Finance

They often ask questions related to your job profile, overall work experience and the candidate's expectations from Bajaj.

Is Bajaj debt free? ›

Bajaj Finance has a total shareholder equity of ₹767.0B and total debt of ₹2,332.0B, which brings its debt-to-equity ratio to 304.1%. Its total assets and total liabilities are ₹3,757.4B and ₹2,990.5B respectively.

How strong is Bajaj Finance? ›

Bajaj Finance has remained resilient, holding strong above the key level of ₹7,100. Investors may consider accumulating the stock in stages for a long-term investment horizon.

How stable is Bajaj Finance? ›

High Stability Ratings: Bajaj Finance enjoys the highest stability ratings from leading credit rating agencies, instilling confidence in investors. The AAA rating form CRISIL and ICRA speaks to the company's commitment to financial prudence and security.

How much credit will I get in Bajaj Finserv? ›

Typically, the credit card limit for a salary of Rs. 50,000 would be 2-3 times the monthly income. So, one may expect a limit of Rs. 1 lakh – Rs.

Is Bajaj Finserv safe for investment? ›

Safety and Stability - Bajaj Finance Fixed Deposit holds some of the highest credit ratings from agencies like CRISIL and ICRA, reflecting its creditworthiness and ability to fulfill financial obligations.

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