Is Bajaj Finance Personal Loan Interest Rate Low?

If you are looking for a personal loan and the interest rate offered by your common lender is high. Then no need to worry, Bajaj Finance provides you personal loan up to Rs. 37 lac at an affordable interest rate. You can also know your loan EMIs using Bajaj Finance Personal Loan EMI Calculator. Choose the Bajaj Finance personal loans to fulfill your urgent requirements.

Bajaj Finance provide you several banking products and personal loan is one of them, You can use the loan amount for any purposes such as wedding expenses, foreign vacation, education, etc. But there are some factors which may affect your loan eligibility.

Factors affecting Bajaj Finance Personal loan

Income: The applicant who is applying for a personal loan must have a minimum monthly net income of Rs. 35,000. The minimum income criteria may differ according to the applicant's residing state. If the applicant has a high monthly income then the Bajaj Finance Personal loan interest rate is low.

Age: You should be of an eligible age to apply for a Bajaj Finance personal loan. It doesn't provide a loan to the applicant whose age is less than 23 years. So the applicant should be between 23 to 55 years of age.

Credit History: If any loan or credit dues were found in the applicant's credit history then he/she is not eligible to apply for a Bajaj Finance personal loan. The applicant's credit score should be at least 750 to get a personal loan at an affordable interest rate. Try to maintain a good credit score by paying off the previous debt so that you can easily apply for Bajaj Finance personal loan.

How the Bajaj finance EMI calculator works?

You can easily use the Bajaj Finance EMI calculator as it doesn't require any complex procedure. Just enter your desired loan amount, tenure and interest rate. In seconds, it will calculate the monthly EMI of your loan amount. With the help of Bajaj Finance personal loan EMI calculator, you can easily know your EMI structure before applying for it.

Benefits of Bajaj Finance Personal loan

When you choose Bajaj Finance personal loan then you’ll get a lot of benefits such as:

• Pay lower EMI on personal loan: Now, you can easily meet your expenses by taking Bajaj Finance personal loan as it offers you lower EMIs on your loan amount. Bajaj Finance Personal loan interest rate is also low and the starting from 13.00%p.a. 
• loan approval in few minutes: You can easily meet the eligibility criteria, provide few details and get an instant personal loan approval within a few minutes. 
• Minimum documentation required: Complete the loan application process and submit the basic documents required to get a personal loan.
• Loan disbursal within 24 hours: Bajaj Finance offers India’s fastest personal loan services with an instant disbursal of loan amount. In just 24 hours of your loan approval. 
• Flexible loan tenor options: With loans up to Rs.25 lakh on offer, you can meet any financial obligation without a hassle. Take as much as you need and repay it over flexible tenors ranging from 12 months to 60 months.

Get pre-approved loan offers

Make the most of easy pre-approved loan offer by Bajaj Finance. If you are an existing loan customer, all you need to do is to provide your basic contact details and share your one-time password.