What is Bajaj Finserv.
Bajaj Finserv is a lending platform app. Bajaj Finserv provides instant loans to all the salaried person loan, Self Employed, profession.
Bajaj Holdings has been registered as a Non–Banking Financial Company (NBFC) under the Registration No. N–13.01952 dated 29 October 2009 with Reserve Bank of India (RBI). The company is classified as a Systemically Important Non–deposit-taking NBFC as per RBI Regulations.
Basically, Bajaj Finserv limited company proving lots of things like Loan, Appliances, Electronic Item, Home and kitchen products, Lifecare, Fitness etc.
- Personal Loan
- Home Loan
- Credit Card
- Fixed Deposit
- EMI Store
- Bills and Payment
- Online Trading
What is the minimum & maximum loan amount I can borrow?
- For Salary Advance loans you can borrow to Rs 30,000 to 25,00,000/-
- borrow up to Rs 25 lakhs.
What are the interest rates of loan?
- Repayment Tenure: 12 to 84 months
- Rate of Interest / Annual Percentage Rate (APR): 12% to 34% as per CIBIL score.
- Processing Fees: ₹500 to ₹2000
Example of a Personal Loan at Bajaj Finserv:
For ₹1,00,000/- borrowed, at interest rate of 2% p.m. for 12 months (interest rate on reducing balance method), payable amount would be:
Processing fee = ₹1000
Other charges = ₹100
Interest = ₹13,472
Total amount repaid after a year = ₹1,14,572
Are there any fees to apply for a loan on Bajaj Finserv?
No, there are absolutely no charges to apply for a loan.
How soon can I get the loan amount in my bank account?
We take 24 hours to 48 hours for the final approve/reject decision and additional 1-2 working days (required for document collection) for loan disbursal.
What are the eligibility criteria?
We look at a host of information relating to your income, income growth and stability, spending habits, education credentials etc. Based on your comprehensive profile, we take a decision on your eligibility for the loan amount applied
Why I should choose on Bajaj Finserv App?
- 100% paperless and digital process on mobile
- 24×7 access to loan/money
- Quick Approval
- Low processing Fee, longer tenure and attractive interest rate
- Fast Disbursal
- Directly disbursed to your bank account
- Pan-India access
- Convenience of payment through various methods
- Repay on time improves credit score and get access to higher amounts
- Repay later option lets you pay part of the loan on the due date & extend repayment term multiple times.
What Documents is required Bajaj Finserv App for Loan?
- Pan Card
- Aadhar Card
- Profile pic
- Salary Slips (last 3-6 months)
- Bank Statement (last 6-12 months)
- Proof of current address (electricity bill, phone bill etc.)
What happens if I default my loan?
Loan default is a serious offence and is highly non-advisable. In such a case, RBI has mandated all banks and NBFCs to report default to all 4 Indian credit bureaus (CIBIL, Experion etc.). As a result, you will not be able to avail loan from any other bank or NBFCs in the future. In addition, we may prosecute you for default under Section 138 of the Indian Penal Code if deemed necessary.
What happen if I am unable to pay Emi on time?
Please let us know if you are unable to pay back your loan in due-time and we will be happy to extend our best support. Typically, we charge a late payment penalty on any delayed loan repayment. The late payment penalty amount depends on your profile, loan amount and extent of delays.
What is the process to apply for a loan via Bajaj Finserv?
Simply, you can download our application on Google play store, Then Fill basic details; upload Kyc document, Income proof Then We will notify you of your loan sanction decision on a near real-time basis upon the completion of your KYC details. Documents, Then
Is Bajaj Finserv legal in India?
Yes , Bajaj Finserv app is absolutely legal, safe to use and the best loan app in India.
How can I trust on Bajaj Finserv app?
Nowadays, loans have become more accessible to borrowers once they meet the required eligibility criteria. The major concern arises with choosing between banks and NBFCs. In a Financial Stability Report, the RBI confirmed that NBFCs are outperforming banks, increasing customer satisfaction.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance.
To know more, you can visit their official website
Disclaimer: We only give information about applications, Loans, NBFCs, Bank, Jobs, New Scheme by reading their official website and analyses all the things. You will get the loan through Bajaj Finserv App.
222 total views, 1 views today