Is The Bajaj Finance Loan Apt For You?

There is always a question in your head whether you should borrow a loan from a non-banking finance company (NBFC)? And whether I could get a better interest rate on my loan? But, these questions won’t bother you if you apply for a Bajaj Finserv Loan. Customers can borrow up to INR 25 lakh from Bajaj Finance Ltd, a renowned NBFC, at a starting interest rate of 12.99%. Read to know how Bajaj Finance loans help you meet the financial needs.

Check your Bajaj Finserv loan eligibility!

To find out how much you can borrow from Bajaj Finance Ltd. there is an online tool using which one can know their eligible loan amount. And to do so, you just need to insert your monthly income, expenses, date of birth and residing state name. Only the borrowers whose age is above 21 years can apply for a Bajaj Finance loan. And the interest rate to your loan would be low, if your income is good enough for the EMI payment after the expense deduction.

You can apply for the loan, if your monthly income is INR 15,000 minimum. Using the Bajaj Finserv loan you can meet a medical emergency or manage a financial crisis. You can also take help from Bajaj Finance Flexi EMI with which you can withdraw funds from the loan limit and the interest is charged only on the used amount.

Use EMI calculator and know your Bajaj Finserv loan payment schedule!

By providing the loan details of your Bajaj Finance loan, you can know your EMI for the set tenure. Bajaj Finance Ltd. gives you a maximum tenure of 5 years for the payment. Just enter your loan amount, interest rate and tenure in the EMI calculator. Suppose, if you have a Bajaj Finserv loan of 12 lakh and the interest rate is 13.50% per annum, then the EMI would be INR 27,842 for 60 months.

So, use the EMI calculator for your Bajaj Finserv loan if you have a problem in deciding the loan tenure to get a suitable EMI amount. You can pay the EMI via payment methods like ECS, NACH or PDCs. The desired method of payment makes it easy for you to pay the loan on time without any penalty charges on it. And later to change the payment service you need to pay INR 500 swapping charge to Bajaj Finance Ltd.

How to apply for Bajaj Finance Loan?

The desired amount is disbursed to your account in 24 hours of the approval and to apply for the loan you need to follow 3 simple steps. Look at the below mentioned steps to apply for a Bajaj Finance loan.

1. Fill up a form: First and the foremost thing you need to do is fill up an online loan application form. Enter your name, email and mobile number to know the loan confirmation.
2. Documents: Once your application is approved, you come to the second stage and need to upload the KYC and income proof. After the verification of documents Bajaj finserv loan is in the processing stage.
3. Payment: You need to pay  4.13% of your loan amount to Bajaj Finance Ltd. It can be delayed to the EMI cycle of your loan if you want to. The processing fee is nonrefundable. 

So get your loan and meet your financial crisis without any trouble from Bajaj Finance.