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Company Name : Bajaj Finance Ltd.

Friday, October 20, 2017 11:07AM IST (5:37AM GMT)

(NSE:BAJAJFINSV)(BSE:532978)

Bajaj Finserv Slashes Personal Loan Interest Rate to 11.99 percent


Pune, Maharashtra, India

To make this festive season brighter, Bajaj Finserv, through its lending arm, Bajaj Finance Ltd, is offering personal loan at a special interest rate of 11.99% for a loan value of Rs. 12 lakh and above.
 
Customers availing loan amount of Rs. 8 lakh to Rs. 11.99 lakh will be offered at interest rate of 13.49% and loan amount of Rs. 6lakh to 7.99  lakh at 13.99%. These special interest rates can be availed on all personal loan applications between 17th to 23rd October, 2017.
 
Line of Credit
 
Bajaj Finserv also offers a unique Line of Credit proposition to all its personal loan customers, wherein a credit facility is allotted to the applicant for a specified amount and consumer pays the interest amount as EMI. The consumer is free to withdraw and use any amount within this allotted limit and only pay interest on the amount used.
 
Easy process and documentation
 
Minimal documentation: Basic documents like ID proof, address proof, income proof, bank statements, etc needs to be submitted along with online application.
 
Instant approvals: Once the documents are submitted and the applicant meets all the criteria, loan is approved within 5 minutes.
 
Rapid disbursals: While the loan is approved immediately, the loan money is transferred in applicant’s bank account in maximum of 72 hours.
 
Loan ticket size: A maximum of Rs.25 lakhs can be availed as a personal loan through Bajaj Finserv. Also, the customer can choose a tenor ranging from 24 months to 60 months for the repayment of the loan.
 
No collaterals: Personal Loan is qualified as unsecured loan and doesn’t require any collaterals.

The customers can also calculate their eligibility through the online loan calculator on Bajaj Finserv’s website. Post checking their eligibility, the customers can directly apply for loans online to avail this limited period offer.

About Bajaj Finance Ltd
 
Bajaj Finance Limited, the lending arm of Bajaj Finserv Ltd, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.


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News Summary

To make this festive season brighter, Bajaj Finserv, through its lending arm, Bajaj Finance Ltd, is offering personal loan at a special interest rate of 11.99% for a loan value of Rs. 12 lakh and above. Customers availing loan amount of Rs. 8 lakh to Rs. 11.99 lakh will be offered at interest rate of 13.49% and loan amount of Rs. 6 lakh to 7.99 lakh at 13.99%. These special interest rates can be availed on all personal loan applications between 17th to 23rd October, 2017.