Is Bajaj Finance Personal Loan For Every Individual?

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At the time of the fund requirement, you can head to Bajaj Finance Limited. This finance company provides personal loans at an attractive rate of interest. Whether you need money for a medical emergency or to manage wedding expenses, you can do it with a Bajaj personal loan. Read the given article and know about Bajaj Finance personal loan in detail.

Bajaj personal loan eligibility criteria and its effects
First, you must know the personal loan eligibility criteria of Bajaj Finance Ltd. which is as follows.
  • Applicant age must be 23 to 55 years
  • Monthly income should be INR 25,000 to 35,000 
  • Must be a salaried individual working in an MNC, private or public sector company for a minimum of 2 years. 
  • Individual must be an Indian resident with all the valid documents and ID proof
  • Minimum credit score 700 and above is required
After going through the above pointers you must check your eligibility using the Bajaj Finance personal loan eligibility calculator. As it helps you find out the eligible amount you can avail from the finance company. If you meet the loan criteria then a low rate of interest is applied to your principal amount.

What is Bajaj personal loan interest rate and how it can be paid?

The loan interest rate is starting from 12.99% per annum and you can pay the interest rate in equated monthly loan installments. To calculate your loan interest rate you can take the help of Bajaj personal loan EMI calculator. Using the online calculator you can generate the EMI and payable rate of interest of your loan amount. 

Bajaj Finance personal loan EMI calculator works on a formula  [P x R x (1+R)^N]/[(1+R)^N-1]. In the formula, P denotes the loan amount R interest rate and N loan tenure. So you just need to insert your loan details to compute the EMI and interest rate. For instance, if you have borrowed a loan amount of INR 5 lakh for 3 years then your EMI will be INR 17,330. The calculated EMI is for a Bajaj personal loan interest rate of 14.99%. 

Apply for Bajaj Finance personal loan and submit necessary documents and fees

You can get a personal loan from Bajaj Finance Ltd. by giving a few documents and charges. Documents like Aadhar Card, PAN Card, Salary slip and bank statement are required. And, a low processing charge of 4.13% of the loan amount is payable. By following a simple online application process you can sanction your personal loan within 48 hours. The user will get a notification on their registered email or mobile number when Bajaj personal loan is approved. Now, make payments for your financial debts and manage your money requirement with Bajaj Finance personal loans. And pay the loan in EMI using easy payment methods like auto-debit, ECS, NACH or PDCs. So, get an easy and hassle-free personal loan from Bajaj Finance Ltd. and satisfy your fund requirements.
Location: India

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