Through this article today, we will learn How to Apply for a Bajaj Finserv Loan provider company and what are its benefits and how many types of loans it provides and all other information like what are the rules and what percentage of interest is charged, all these facts so that if we need a loan, we can easily get the loan.
Loan Type And Criteria:
Bajaj Finserv offers us four types of loans, such as the first one is personal loan, that is, we can take a loan for travel or for marriage or for any emergency purpose. Apart from this, this company provides business loan and along with that you can also take home loan or property loan from here. Apart from this, Bajaj Finserv also provides us consumer durable loan, that is, you can take the money that you get as EMI on buying a product.
Some eligibility criteria are necessary to take a loan from Bajaj Finserv, such as the age of the person should be between 21 to 60 years and they should have a good income source like salary person or self-employed. Along with that, their bank account credit score should be good and the person should be an Indian citizen with valid documents.
Loan Amount And Interest Rates :
You can take a loan from Bajaj Finserv from Rs 30000 to Rs 25 lakh, which depends on all your documents and credit score. And you can complete the loan taken within 12 months to 60 months, but remember that the shorter the time you take the loan, the lower the interest rate you will have to pay.
Let us now talk about the interest rate charge, here the interest rate can be from 11% to 30% per annum, which depends on your credit profile. The processing fee for taking a loan can be from 1% to 4% on the loan amount. The other charges are prepayment charges, bounce charges and forecloser charges. That is why it is always necessary to read the loan agreement thoroughly before taking a loan.
Documents And Source :
Some important documents that you will need to take a loan on Bajaj Finserv are PAN card, Aadhar card as ID proof, your income proof like you can also give your salary slip or income tax return, apart from this you will have to submit your bank statement copy and your passport size photos. You will have to upload all these documents online on the official app or website of Bajaj Finserv while applying for a loan.
Also Read : How To Get Loan From Zerodha
The process of taking a loan on Bajaj Finserv is quite simple, you can take it on the official website or application for which you may have to submit a minimum number of documents. Apart from this, there are many facilities here like you can check the status of the loan, along with how many installments are left and you can see the date etc. Apart from this, you can see any loan related offers or special deals from here. Because it gives you this and paperless loan facility, that too to eligible users.
Final Advice :
Bajaj Finserv is always a very trusted and regulated loan provider but as you know that this is a financial product, therefore your safety is very important. That is why before signing any document or form, you should read all the loan related documents and all the agreements carefully and take all the responsibility on yourself and proceed only after getting all the information so that there is no problem in future.