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Bajaj Finserv Personal Loan

How will the LoansJagat platform help me get a personal loan from Bajaj Finserv?

LoansJagat is a technology platform that helps customers connect with multiple lenders. LoansJagat offers complete service and comparison to get the best Bajaj Finserv Personal Loan EMI.

LoansJagat’s advanced machine learning Algorithm helps the customer by providing an instant quote of a personal loan from Bajaj Finserv. After checking the plan you can easily apply and submit your documents as required for paperless approval of your loan. Data privacy of all your documents is our utmost concern.

A dedicated loan officer is also aligned with each borrower to help the customer till the time loan amount is not received. We assure the best of the customer service support throughout the journey of the loan.

What are the key benefits of taking a personal loan from Bajaj Finserv?

Bajaj Finserv Personal Loan is one of the best in the market and always in demand. Here are some key reasons for taking the Bajaj Finserv Personal Loan:

  • Online comfort via LoansJagat platform 
  • Minimal Paperwork
  • Loan amount in borrowers account within 48 hours
  • No hidden charges

What are the documents required to be submitted?

To avail lowest Bajaj Finserv Personal Loan EMI one needs to simply log on to LoansJagat and provide the following documents  :

  • Passport size photographs
  • KYC documents – PAN, Aadhaar, Driving license, Voter’s ID, Passport
  • Bank account statement for three months
  • Salary slips for 3 months

Why should I take Bajaj Finserv personal loan via LoansJagat?

LoansJagat offers a quick and easy online platform for getting personal loans from over 40 Banks and NBFCs including prestigious brand like Bajaj Finserv. The team not only makes it simple to understand and compare Bajaj Finserv Personal Loan with other leading lenders but also helps customers identify how to utilize the personal loan and get an idea of the Bajaj Finserv Personal Loan EMI

Some other benefits of applying via LoansJagat are:

  • Minimal documentation for processing
  • Dedicated Relationship Manager
  • Transparent and Real-Time Loan Tracking

What is the eligibility criteria for getting a personal loan from Bajaj Finserv?

An Individual who can take Bajaj Finserv Personal Loan has to be:

  • The borrower should be the resident and  citizen of India
  • Age should be between 21 and 58 years
  • Employed with an MNC, public or private company
  • Must earn Rs.35000/- every month

What are the foreclosure charges for Personal Loan?

Bajaj Finserv Personal Loan charges a 4% foreclosure charge plus applicable taxes on principal outstanding against the personal loan when you close the loan before the completion of the loan tenure.

What is Credit score and how important it is?

Credit score shows the creditworthiness of the individual. Lenders use credit scores to determine who qualifies for a loan and at what interest rate. Higher the score, the better are the chances of getting the lowest EMI and higher amount.

What are the precautions one should take while availing personal Loan at low EMIs?

One needs to go through the fine print and understand the terms and conditions of the personal loan. Applying via LoansJagat gives one a complete view of the terms and conditions in comparison with the best lenders.

However, as people tend to panic and pick the first available personal loan, which might be a problem area and this is where LoansJagat adds immense value by providing real-time access to over 40 Banks and NBFCs.

Some of the key points to consider while taking a personal loan :

Not Reading the Fine Print - Loan agreements are generally very elaborate. Before signing borrower should read all the terms and conditions thoroughly. This is critical because, in case there is a dispute between you and the lending institution, the T&C of the loan forms the boundaries for the dispute resolution.

Opting for Longer Tenures- Borrowers tend to opt for longer tenures to pay less on the EMIs. However, longer the tenure of the loan, the more interest you have to pay. Always choose a tenure that best suits your monthly repayment capacity.

Taking a Loan on Someone’s Behalf - Never take a loan on someone’s behalf, be it family or friends without being absolutely certain about the person’s intentions and capacity to pay you back. In case you don’t get the money back from the person on whose behalf loan has been borrowed, it's your financial planning that gets impacted along with credit score.

Credit Score - Keep a track of credit history before taking a loan as well as after taking the loan. The advantage of checking credit score beforehand helps you know if there is an error that needs to be corrected.

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