Check Bajaj Finance Personal Loan Eligibility for fulfilling your Instant requirements

Are you looking for a reliable lender who can fulfill your immediate financial necessities? Go for Bajaj Finance, a non-banking financial company which guarantees you to sanction your personal loans instantly once your personal loan application gets approved. The company disburses personal loans directly in your bank account within 72 hours.

 Ascertain your eligibility criteria before submitting your application form. Your eligibility indicates the quantum of loan amount which you will be granted with Bajaj Finance. Use Bajaj Finance Personal eligibility calculator in this regard for getting accurate details in order to start processing your loan amount quickly. The age criterion, the borrower's profession/occupation, net monthly income are some of the essential details that play an active role while sanctioning you the desired loan amount.

Personal loans are unsecured loans which can rescue you in the times of your immediate financial necessities. Whether it is related to organizing a wedding in the family, pursuing higher education, paying school fees of your son/daughter, affording an expensive medical treatment or planning a vacation and much more. With personal loans, you can even plan out for your bigger purchases like buying heavy electronic items like LCD, iphone, washing machine, refrigerator etc.

It becomes your moral responsibility to clear all your past track record of financial commitments so that you can successfully earn a good CIBIL score. The better your CIBIL score is, the fairer will be your chances of availing a higher amount of personal loans.

  

Bajaj Finance Personal Loan Interest Rates

There are certain factors which are necessary to be considered while obtaining personal loans. Such factors are :

• Your Credit History
• Your salary
• Your existing monthly installments(if any)

These factors determine whether you have maximum chances of getting the personal loans or not.

The lowest Personal loan interest rate starts from  12.75% p.a. for loans upto ₹  25 lakhs. There are additional charges which are required to be paid as well. Such charges include:

• Processing fees
• EMI bounce charges
• Penal Interest
• Security fee(only for online)

These charges are mandatory to be paid towards processing of your personal loan.

Bajaj Finance Personal Loan Eligibility

• The borrower's age should fall in the range of 25-55 years.
• The borrower should be a salaried employee of either an MNC, public or private company.
• The net monthly intake of the borrower should be dependent upon the residing location as follows:
• The minimum net salary need to be ₹ 40,000 per month for cities such as Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Surat, Thane
• The minimum net salary needs to be ₹ 35,000 per month for cities such as Ahmedabad, Chandigarh, Cochin, Jaipur, Kolkata, Nagpur
• The minimum net salary needs to be ₹  30,000 per month for cities such as Aurangabad, Baroda, Bhubaneswar, Indore, Madurai, Mysore, Nasik, Trivandrum, Vijayawada, Vizag, Bhopal, Raipur.

 Bajaj Finance Personal Loan Eligibility Calculator

Now determine your eligibility online, by entering the below details as required :

1. Your Date of Birth

2. Your Current City of Residence

3. Your Company/Employer Name

4. Your Net Salary

5. Your Combined Monthly Loan EMIs

6. Your Combined Outstanding amount on Credit Card

7. You need to mention whether you are availing Home Loan or not

Once you have completed with all the above details, proceed further to ascertain whether you are eligible for personal loans or not.

Bajaj Finance Personal Loan Apply Online

• Log in to the Personal Loan section of Bajaj Finserv website.
• Click on the button 'Apply Online'.
• Specify your complete and accurate details such as reference Pin code, residence city, residence state, PAN Card, Mobile number, Date of Birth, your First Name, Middle Name, Last Name, your official email address, select your company name(employer name) and enter the net salary credited for the last two months.
• Finally, click the 'Submit' button to submit your online application.
• Later on, the representative from Bajaj Finance will contact you for document collection. Afterward, your bank account will get directly credited with the personal loan amount.

Documents Required for Bajaj Finance Personal Loan

1. KYC Documents:

• Identity Proof(Any one of the below)

• Passport / Voters ID card / Driving license / PAN card

• Address Proof(Any one of the below)

• Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign)

2. Salary slips of the last 2 months

3. Salary account bank statement of the last 3 months

4. Employee ID card to furnish as employment proof

Know about Bajaj Finance Personal Loan Eligibility to Secure Easy Loans

Bajaj Finance is one of India’s leading non banking financial companies which has served the financial needs of the people.The NBFC provides a Personal loan to all the eligible salaried employees so that they can fulfil their personal needs and wishes.

The product is tailor made to meet any kind of financial need relating to child’s education, wedding in the family, medical treatment etc. Interested people can even avail the product for improving or renovating their house. The repayment tenure goes up to a maximum of five years. Applicants are not asked to furnish any collateral or security for securing this product.

Now, before you make any decision about obtaining a personal, it is very important to know whether you are eligible for it or not. You can have a look at this article to know about Bajaj Finance Personal loan eligibility.

Bajaj Finance Personal Loan Eligibility

A loan applicant has to meet certain norms of eligibility if he/she wishes to avail a personal loan from Bajaj Finance. A personal loan is only offered to salaried employees who earn a stable and good income and that too from a regular source. The main two factors while play a key role in determining the repayment capacity of an applicant is his/her age and the income he/she earns.

• The applicant must be an individual falling into the age bracket of 25 to 53 years old. The applicant needs to be at least 25 years old when the loan is applied.
• The income you earn every month also plays an important part in determining your repaying capacity. Applicants living in the cities of Mumbai, Noida, Kolkata, New Delhi, Ahmedabad, Hyderabad, Surat, Banglore,, Faridabad, Chennai, Ghaziabad, Coimbatore, Gurugram and Thane should earn a minimum monthly income of Rs. 40,000 so as to avail financial help from the NBFC.
• In case of cities like Nagpur, Kochi, Kolkata, Chandigarh and Jaipur, the minimum monthly net salary should be Rs. 35,000.
• The monthly income requirement is Rs. 30,000. For people residing in tier two cities like Aurangabad, Bhubaneswar, Vijayawada, Baroda, Indore, Mysore, Madurai, Trivandrum, Nasik and Vizag.

Documents required:

The list of important documents required for the product has been mentioned below.

• Proof of Identity- PAN card/ Voter ID card/Aadhar card/Passport/ Driving License
• Proof of employment- Your employee ID card
• Proof of Address- Utility bill/Passport/ Driving License/Letter from employer which has a HR sign/ Ration card/ Latest mobile bill
• Bank statement of the last three months
• Proof of Income- Salary slip of the past two months

Bajaj Finance Personal Loan Eligibility calculator-

The eligibility calculator will notify you about the maximum amount which can be availed by you. All you have to do is provide  your date of birth in the format of DD(Date)/ MM(Month)/ YYYY (Year). It should be followed by details regarding your current city, employer or company’s name, the net salary and the combined loan monthly EMIs, in case you have one. You will also have to mention the combined outstanding on your credit card. The last thing you will have to do is tick whether you have a home loan or not. Once you follow all these steps, you will be able to know the loan which you are eligible to take from Bajaj Finance.

Interest rate and processing fee

The rate of interest for the product starts from 12.75% onwards. The applicant is also charged with a processing fee amounting to 2.25 to 3% of the loan amount. In case you miss paying the EMIs on due time, you will be charged with EMI bounce fee of Rs. 1,000 for every bounce you make.

Bajaj Finance Personal Loan EMI calculator

It is very essential to know about the EMI amount that you will be paying every month. In case, the EMI amount is higher, you can easily disturb your monthly budget. An applicant can now easily calculate the EMI amount within few seconds all thanks to this calculator. The magical tool can be used to compare EMI amount for different interest rates. One can then choose accordingly, and avail the one that suits him/her the most. To find out the information relating to your EMI amount and total interest payable, you have to follow certain steps. You have to enter the amount of your loan, interest rate and tenure period. You will instantly receive the desired information.

Since now you are well versed with Bajaj Finance Personal loan eligibility you can easily determine whether you are eligible for the product or not.

Plan your Domestic Trip through Bajaj Finance Personal Loan EMI Calculator

Want to explore major cities within India but the paucity of funds don't allow you to make this happen? Look for Bajaj Finance Personal Loan which helps you to prioritize your budget in the form of monthly instalments you have to repay so as to plan out your domestic tour. Personal loans from Bajaj Finance are unsecured loans which get instantly  transferred in your bank within 72 hours and that too comes along with minimal documentation processes and friendly assistance from their financial representative.

Now you may be able to keep aside some portion from your monthly intake salary for repaying EMIs instead of bearing a huge burden for settling down your instalments which could  happen in no time. With the help of Bajaj Finance Personal Loan EMI Calculator, you can see how much monthly instalments you can afford along with the interest outgo. This way you can plan constructively for your tour without falling short of budget. Let's find out your eligibility criteria before tracking your affordability amount.

Bajaj Finance Personal Loan Eligibility

The borrowers need to comply with Bajaj Finance Personal Loan Eligibility in order to get sanction for their personal loans:

• The age limit of the borrower should be in between 25-53 years.
• The borrower needs to be a salaried employee by profession.
• The net monthly income of the borrower should be average ₹  35,000 (Varies subject to the location and employer)
• The minimum net salary need to be ₹ 40,000 per month for cities such as Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida, Pune, Surat, Thane
• The minimum net salary needs to be ₹ 35,000 per month for cities such as Chandigarh, Cochin, Jaipur, Nagpur

The minimum net salary needs to be ₹  30,000 per month for cities such as Aurangabad, Baroda, Bhubaneswar, Indore, Madurai, Mysore, Nasik, Trivandrum, Vijayawada, Vizag.

Bajaj Finance Personal Loan Interest Rates

The lowest personal loan interest rate starts from  12.75% p.a. for loans upto ₹  25 lakhs. There are additional charges which also need to be rendered on your personal loans such as processing fees, EMI bounce charges, penal interest, and security fee(only for online). These are essential to be incurred as a payment towards your personal loan.

Bajaj Finance Personal Loan EMI Calculator

Bajaj Finance Personal Loan EMI Calculator works on three main criteria-the loan amount availed, tenure of the loan and the rate of interest being charged by the lender. Just enter these three parameters in order to determine your EMI amount payable every month.

Use the following formulae to calculate EMI for Bajaj Finance personal loans

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,  EMI-Equated Monthly Instalment

P - Principal Loan Amount

R - rate of interest calculated on a monthly basis

N - tenure/duration of the loan

For example : Mr Dubey has availed a personal loan from Bajaj Finserv for the amount of ₹ 8 lakhs to go on an adventurous trip to Jim Corbett, Nainital. Also, wish to explore other major cities of south India such as Ooty, Mysore, Trivandrum, and Kanyakumari. He wants to know  the amount of his equated monthly instalment which would be going towards financing his trip. The rate of interest offered by Bajaj Finserv is 12.75% p.a. and he has to repay within 5 years time. So, the calculation of EMI along with interest outgo as well as the total amount for the year will be :

EMI = ₹ 18,100

Total Interest Amount= ₹ 2,86,014

Total Amount(Principal +Interest) = ₹ 10,86,014

Documents Required for Bajaj Finance Personal Loan

1. KYC Documents:

• Identity proof(Any one of the below)

• Passport / Voters ID card / Driving license / PAN card

• Address proof(Any one of the below)

• Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign)

2. Salary slips of the last 2 months

3. Salary account bank statement of the last 3 months

4. Employee ID card to furnish as employment proof

Bajaj Finserv Personal Loan Login

To apply for Personal Loan online, fill your details in the online application form which includes your mobile number, date of birth, your name, PIN code, residence city, office email, your current employer, latest March 2017 salary,  PAN Card number and submit your details. Later on, Bajaj Finserv & its representative will either call you or SMS you with respect to your application towards your personal loan.

Add Power to Your Dreams Through Bajaj Finance Personal Loan

Having several necessities required to run your daily life but the scarcity of funds tighten your belt? Don't let yourself emotionally drained? Go for Bajaj Finance Personal Loan where loans get instantly transferred in your bank within 72 hours that comes along with minimal documentation processes and friendly assistance from this financial institution.

A personal loan is one such loan which you can obtain it for the purpose of utilizing for yourself and your family needs. Whether it is buying a new home theatre, a wedding in the family or for a dream vacation, Bajaj Finance Personal Loan ensures to cover all the purposes of life. Even faced with an unforeseen calamity, don't lose hope, just remember Bajaj Finance and their representative will be by your side at the time of your financial need.

Bajaj Finance Personal Loan Interest Rates-

There are certain parameters which are to be taken into consideration while the personal loan is offered to an applicant. There are several factors such as credit history, salary, and your borrowed amount become compulsory to maintain while applying for personal loan. The lowest personal loan interest rate starts from  12.75% p.a. for loans upto ₹  25 lakhs. There are additional charges which  also accrue on your personal loans such as processing fees, EMI bounce charges, penal interest, and security fee(only for online). These are vital to be rendered as a payment towards your personal loan.

Bajaj Finance Personal Loan Eligibility-

• The age limit of the borrower should fall between 25-58 years.
• The borrower needs to be a salaried employee by profession.
• The net monthly income of an applicant should be average ₹  35,000 (Subsequent to vary depending upon the location and employer)
• The minimum net salary need to be ₹ 40,000 per month for cities such as Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida, Pune, Surat, Thane
• The minimum net salary needs to be ₹ 35,000 per month for cities such as Chandigarh, Cochin, Jaipur, Nagpur
• The minimum net salary needs to be ₹  30,000 per month for cities such as Aurangabad, Baroda, Bhubaneswar, Indore, Madurai, Mysore, Nasik, Trivandrum, Vijayawada, Vizag.

Bajaj Finance Personal Loan Eligibility Calculator-

Now you can determine your eligibility online, enter the below details as required :

1. Your Date of Birth

2. Your Current City of Residence

3. Your Company/Employer Name

4. Your Net Salary

5. Your Combined Monthly Loan EMIs

6. Your Combined Outstanding amount on Credit Card

7. You need to mention whether you are availing Home Loan or not

After filling the above details, proceed further to check whether you are eligible or not.

Bajaj Finance Personal Loan Calculator-

The personal loan for your needs is calculated by using EMI calculator. This calculator furnishes you with elaborated information about the monthly installments, the total interest outgo and the total amount (principal+interest). It is the calculator which is responsible for giving you the accurate details about your installments once you press the 'Apply Online' button.In order to check your monthly installments, select the below data in the calculator:

• Loan amount
• Tenure
• Interest rate

For example, if you have  obtained  a personal loan of ₹3,00,000 for the tenure of 5 years at the interest rate of 12.75 % p.a. The EMI, Total Interest Outgo, and Total Amount will be:

EMI-₹6,788

Total Interest Outgo-₹1,07,255

Total Amount-₹4,07,255

Bajaj Finance Personal Loan Apply Online-

• Go to the Personal Loan section of Bajaj Finserv website
• Click on the button 'Apply Online'.
• Type your complete and accurate details such as reference Pin code, residence city, residence state, PAN Card, Mobile number, Date of Birth, your First Name, Middle Name, Last Name, your official email address, select your company name(employer name) and enter the net salary credited for the last two months.
• Finally, click the 'Submit' button to submit your online application.

Steps to Check your Bajaj Finance Personal Loan Status-

There are only two methods of checking your Bajaj Finance Personal Loan Status :

Step I

1. Visit the Personal Loan Section by going to Bajaj Finserv website  and click on “Apply Online”. Once you are directed to the page, then click  “ Track Application” given above on the top of the webpage.

2. Type your mobile number and reference number.

3. Click the 'Go' button in order to view your application status.

Step II

1. Click the Bajaj Finserv link : http://mysite.bajajfinservlending.in/Contact-Us/FileStatus.aspx

2. Enter your case id/loan id/file id.

3. Click the 'Submit' button.

Documents Required for Bajaj Finance Personal Loan-

1. KYC Documents:

• Identity proof(Any one of the below)

• Passport / Voters ID card / Driving license / PAN card

• Address proof(Any one of the below)

• Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign)

2. Salary slips of the last 2 months

3. Salary account bank statement of the last 3 months

4. Employee ID card to furnish as employment proof