Bajaj Finserv Personal Loan Interest rates in Ludhiana
30,000 To 75,000 | 75000 Above | |
---|---|---|
Salaried | 12.99% | 13.99% |
Self Employed | 12.99% | 13.99% |
Features of Bajaj Finserv Personal Loan Ludhiana
Type | Features |
---|---|
Processing Fee | Up to 3.99% of the loan amount |
Pre Closure Charges | 4% |
Part Payment Charges | Allowed |
Min Tenure | 2 Years |
Max Tenure | 4 Years |
Min Age | 21 Years |
Max Age | 55 Years |
Min Loan Amount | Rs.50,000/- |
Max Loan Amount | Rs.25,00,000/- |
Min Monthly Salary | Rs.30,000/- |
Min Educational Qual | Graduation |
Residence Years In City | 3 Years |
Total Work Experiance | 1 Years |
Bajaj Finserv Personal Loan Ludhiana Charges
Type | Charges |
---|---|
E M I Bounce Charges | Rs. 1,200/- |
Duplicate Statement Charges | Free |
Cheque Swapping Charges | Rs. 500/- |
Issue Amortization Schedule Duplicate | Free |
Default Interest Rate | @24% P.A |
Documentation For Personal Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Latest 3 months Payslips
- Job Continuity Proof
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
Identity Proof For Personal Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Personal Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Income Proof For Personal Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Address Proof For Personal Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Job Continuity Proof For Personal Loan
- Form 16
- Relieving letter
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
Banking History For Personal Loan
- Bank statements of latest 2 months
- 3 months bank passbook
Bajaj Finserv Personal Loan FAQ's
What is a Personal Loan?
Personal loan, a loan to meet your current financial needs, is also referred to as an unsecured loan as there is no security against it. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. You can use a personal loan as per your convenience without being monitored for the actual end usage.
What is the Eligibility for a Personal Loan?
Personal loan, a loan to meet your current financial needs, is also referred to as an unsecured loan as there is no security against it. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. The primary Personal Loan eligibility criteria from is that you should be a salaried professional between 25-58 years of age.
What is Interest Rate for a Personal Loan?
Personal loan, is an unsecured loan as there is no security against it. offers personal loan interest rates based on your credit history, salary, the amount being borrowed. The lowest personal loan rate of interest starts from 16%. Additional fees such as Processing fee, EMI Bounce charges, Penal Interest and Secure Fee (only for online) would be charged.
How is Interest Calculated on a Personal Loan?
Personal loan interest rates are calculated based on your credit history, salary, the amount being borrowed, and other criteria. In case you have not defaulted on payments of an earlier loan and have paid all your bills on time, you will be viewed as a low-credit risk. The lowest personal loan rate of interest starts from 16%.
How to Calculate Foreclosure of a Loan?
The pre-closure of loan or the full repayment of the remaining loan amount in one single payment is termed as a Loan foreclosure. Use the foreclosure calculator, by selecting the number of EMIs that you have already paid and the month on which you want to foreclose your loan. This will help you calculate the foreclosure amount.
What are Foreclosure Charge?
The full repayment of the remaining loan amount in one single payment is termed as a Loan foreclosure. Bajaj Finserv does not charge any extra fees or penalties as loan foreclosure charges. Use the foreclosure calculator, to calculate your foreclosure amount.
How to Calculate EMI on Calculator?
"An EMI Calculator is very easy to use. All you need to do is enter the following information: • The Loan Amount • Tenor( In Months) • Rate Of Interest "
What is a Personal Loan EMI?
Personal Loan EMI is the monthly payments that you would need to make in order to repay your Personal Loan. In order to calculate your Personal Loan EMI amount you can use an EMI calculator.
What are the Documents Required for a Personal Loan?
Personal Loan has different set of documents, eligibility criteria and loan requirements. The primary eligibility criteria for Personal Loan from Bajaj Finserv is that you should be a salaried professional between 25-58 years of age. In order to read about documents that would be required as well as to check eligibility criteria for Personal Loan
How to Prepay a Personal Loan?
Bajaj Finserv gives you the option to prepay your personal loan’s EMIs up to 6 times in a calendar year at any interval as per your convenience. The minimum amount for each personal loan prepayment transaction should not be less than 3 EMIs. There is no maximum limit for repayment amount, subject to your clearing of your first EMI. Feel free to use our Personal Loan repayment calculator for more clarity.
What is Part Prepayment of a Loan?
If you have a large sum of money and you use it to repay your loan early, it would result in either a reduction of your EMI amount or reduction in tenure. Repaying your loan early is termed as personal loan pre-payment or part prepayment of loan. The pre-payment amount must be at least three times of your EMI amount. There is no maximum limit for repayment amount, subject to your clearing of your first EMI. Feel free to use our Personal Loan repayment calculator for more clarity.
What is the Letter of Continuity?
A letter of continuity is a legal document which is signed by the borrower before the loan amount is disbursed. This document is an acknowledgement of the borrower that the balance loan amount would continue until it is completely paid off.
How to check CIBIL score for Personal Loan?
"Before applying for a Personal Loan, you can check your CIBIL score by following these steps: • You can initiate the process by filing in a form on CIBIL’s official website • You have to fill in personal details like name, address, and contact number • If you want a CIBIL Transunion score and your CIR (credit information report), you need to pay a fee of Rs.550 • Once you’ve submitted the form and made the payment, your CIBIL score and report will be mailed to you You can also apply for your CIBIL score offline by mailing all your documents and a demand draft of Rs.550 to CIBIL’s office in Mumbai. "
Flexi Loans
Flexi loan account is an industry first facility extended by Bajaj Finserv. The advantage of the product is that you can pre-pay and drawdown money within the drop-line facility using a self-service process, which is easy and hassle-free. Once you avail the flexi facility, you stand to benefit by saving interest cost by pre-paying any additional / idle funds that you may have, without any interest being levied on the part-paid amount.
Benefits of Flexi loans
Flexi Loans offers many benefits over an existing term loan:
You have the flexibility to pre-pay the loan with idle funds at no extra cost
You can re-avail the pre-paid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation.
You save on interest costs. Interest is payable only on the utilized loan amount. There is no interest levied on the pre-paid amount.
Seamless, easy, hassle-free online transactions on the customer portal, the self-service account access tool for drawdown and RTGS that allows you to make pre-payments to Bajaj Finserv Ltd. through net banking facility.
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Wedding Loan
A Personal Loan for marriage, be it for self, siblings, son or daughter, is a great way to get quick cash and ensure you have all your expenses covered.
Here are the unique benefits of Bajaj Finserv Personal Loan for Wedding:
Instant approvals
In times of need, you’d want loan processing to be quick. Opting for a marriage loan from Bajaj Finserv will not only get you approval in 5 minutes flat but disbursal in your bank within 3 days as well.
Get funds in bank in 72 hours
As a standard practice, we make sure that funds are at your disposal within 72 hours of your loan approval.
Loans up to Rs.25 lakh
We’ve kept the limits high enough to cover end-to-end expenses for wedding needs. You can apply for a Wedding Loan online from Bajaj Finserv up to Rs. 25 lakh and repay it at your ease by opting for tenures ranging from 24 to 60 months.
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Travel Loans
What is it about travelling that you just can’t resist? Some do it for the memories, some for the adventure, sometimes you want to slow down from your fast paced life or maybe just get to know yourself better. To travel is to live. Don’t you agree?
But travelling needs time and most importantly money. While the 1st part is in your hands, with Bajaj Finserv vacation loans you need not worry anymore about the expenses of your trip. We bring to you a Travel Loan with the quickest approvals, fastest disbursals, lowest interest rate and the complete process available online.
A Personal Loan for travel, be it for self or family, is a great way to get quick cash and ensure you have all your expenses covered
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Personal Line of Credit
With Line of Credit, you can pay only the “interest” on the amount utilised. This reduces your monthly cash flow. The principal can be repaid anytime during the term or at the end of the loan term. After a 12-month period, you can renew for an additional term.
Benefits:
You have the flexibility to pre-pay the loan with idle funds at no extra cost
You can re-avail the pre-paid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation.
You save on interest costs. Interest is payable only on the utilized loan amount. There is no interest levied on the pre-paid amount.
Seamless, easy, hassle-free online transactions on the customer portal, the self-service account access tool for drawdown and RTGS that allows you to make pre-payments to Bajaj Finserv Ltd. through net banking facility.
Other Bajaj Finserv Personal Loan Products
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About Bajaj Finserv
The company is currently engaged in consumer finance businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, Bajaj Finserv is also active in wind–energy generation.
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Why to Avail Personal Loans?
Expert Advice
Best Practices for Personal Loan
Things not to do for Personal Loan
Factors that affect interest rates on Personal Loan
Personal Loan Advantages and Disadvantages
Personal Loan Advantages:
Personal Loans Disadvantages:
10 Things to Keep in Mind While Taking a Personal Loan
About Ludhiana
Ludhiana is namely the Lodhi Dynasty,Ludhiana is a city and a municipal corporation in Ludhiana district in the Indian state of Punjab, and is the largest city north of Delhi. It is situated on the banks of the Sutlej River.
Ludhiana city is a well known Industrial hub in Northern India, especially for manufacturing bicyles, cycle parts, sewing machine, hosiery, etc. The city is well connected by direct rail service with all parts of India.
Ludhiana city is believed to be founded way back in the year 1480 by the Lodhi dynasty. Two of Lodhi Chiefs Nihang Khan and Yusuf Khan, had come to the region on the orders of Sikandar Lodhi with a purpose to reinstate order in the area. They stayed in a village called Mir Hota which was situated at the present site of Ludhiana. While Yusuf Khan had gone across Sutlej River, Nihang Khan stayed back and founded the city at the spot of the village. The new town, thus, came to be known as ‘Lodhiana’, meaning ‘the town of Lodhis’. Subsequently, the name was amended to Ludhiana.
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Places To Be Visited In Ludhiana
Phillaur Fort
During the reign of Sher Shah Suri, a Sarai (inn) was constructed at Phillaur near Ludhiana. During the reign of Shah Jahan the inn was converted to a military fort and a post office. The fort was later used by the British as a part of the military cantonment. The fort now houses a police training academy and a finger print bureau.
Lodhi Fort
Lodhi Fort was built by the Muslim monarch Sikandar Lodhi around 500 years ago. The fort is located at the banks of the Sutlej River and also came under the British in 1809. The fort was once a majestic residence of the great Muslim king and displayed his military power. However, in the wake of neglect the fort stands in ruins and has badly suffered by nature’s elements.
Punjab Agricultural University Museum
Also known as Ajaib Ghar, Punjab Agricultural University Museum is a definitive visit if you like to learn about the people’s life in Ludhiana in the 18th and the 19th centuries. The museum becomes a stage to the colorful festival of the Kisan Mela held annually. The museum houses various rural and farming tools and objects and several other artifacts from the 18th and 19th century.
Tiger Zoo
Located at the GT road, the Tiger Zoo is spread across a massive 25 acres of land. The zoo was established in 1993 and has been a favorite tourist spot in Ludhiana ever since. The safaris are conducted inside safety vans and one can watch the tigers in the open from inside the vans.
Maharaja Ranjit Singh Museum
The Museum is located at GT road and is named after Maharaja Ranjit Singh whose statue depicting him sitting on a throne is located at the entrance. The museum has 12 galleries in total with sections like ancient history and post independence.
Nehru Rose Garden
This beautiful rose garden was established in 1967, over an area of 30 acres with more than 17,000 plants and 1,600 varieties of roses. It is one of the largest rose gardens in Asia, which serves open for the visitors from morning till evening. The blooming surroundings of this park are worth viewing, especially for people who love roses and really like to check its varieties that are spread here across a vast expanse of land. The garden organizes a Rose festival every year to offer a priceless display of flowers to the flower lovers all across the city.
Shivala Sangliwala Temple
This magnificent temple is believed to be around 400 years old and is located in the Old Ludhiana, attracting tourists from all over the world. It is dedicated to Lord Shiva and every year during Shivratri, pilgrims from distant areas visit this temple to offer holy water of River Ganges to the idol of Lord Shiva. During Shivratri, the temple witnesses long queues, waiting to catch a glimpse of Lord Shiva. A lot of people take a difficult journey of Kanwar from Haridwar to Ludhiana to offer holy water of River Ganges to Shivalingams.