Urban Money

Bajaj Finserv

Bajaj Finserv
4.5

Bajaj Finserv was formed in April 2007 as a result of its demerger from Bajaj Auto Limited to further the Group's interests in financial services. This demerger enabled Bajaj Finserv to independently run the core businesses of Lending, Protection, and saving. Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group.

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Loans offered by Bajaj Finserv

Bajaj Finserv LoansInterest RateProcessing FeeLoan Amount/Tenure
Home Loan

7.7% - 14%

Up to 2%

₹1L - ₹5Cr

Tenure(1 - 30 Years)

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Personal Loan

13%

Up to 4%

Up to ₹25L

Tenure(1 - 5 Years)

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Loan Against Property

8.6% - 18%

Up to 7%

Up to ₹5Cr

Tenure(1 - 20 Years)

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Business Loan

17%

Up to 2%

₹25K - ₹45L

Tenure(Up to 5 Years)

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Features of Bajaj Finserv Bank

Bajaj Finserv is a holding company for all the financial services business under the Bajaj Group. It serves millions of customers through its highly innovative financial services for loans, asset protection, insurance, asset management, income protection, etc. Bajaj has over 33,000 distribution points spread over 497 rural occasions with 294 consumer branches.

Given below are some of the features and benefits of Bajaj Finserv Bank:

  • You can get loans from Bajaj Finserv starting at Rs. 1,104 per lakh. This enables you to borrow according to your requirements and manage your repayments with ease.
  • If the applicant meets the basic eligibility, they can get their loan approval within 5 minutes.
  • Bajaj Finserv disburses the loan amount in the bank account within 24 hours of approval.
  • You can choose convenient loan tenures of upto 60 months to easily repay your loan amount.
  • There are no hidden fees and charges.

Services Offered by Bajaj Finserv Bank

Given below are some of the services offered by Bajaj Finserv Bank:

Personal Loan

Bajaj Finserv offers personal loans to salaried applicant’s starting at 13% per annum for a maximum loan amount of upto Rs. 25 lakhs and repayment tenure of upto 5 years. It also offers personal loan products to self-employed applicants starting at 17% per annum for a maximum of Rs. 45 lakhs and repayment tenure of upto 7 years. It provides simple and instant documentation with same day disbursal of loan amount. They also provide pre-approved loan offers to select applicants. Given below are some of the features of this loan product:

  • Same day disbursement of loan amount
  • Instant loan approval loan amount in 5 minutes
  • Pay 45% lower EMI amounts with the flexi personal loan option

Business Loan

Bajaj Finserv is one of the leading NBFCs that provide business loans to applicants with interest rates starting at 17% per annum. The ideal applicant can get a loan amount of upto Rs. 45 lakhs with a maximum tenure of upto 60 months. This loan can be availed for business expansion purposes, to enhance the cash flow, purchasing equipment, to meet working capital requirements, etc. Given below are some of the features of this loan product:

  • Lower your EMI amount by almost 50%
  • Get extended payment tenures
  • No collateral required and simple documentation process

Home Loan

Bajaj offers home loan products with interest rates starting at 6.75% per annum, for a maximum amount of Rs. 5 crores for salaried and professional applicants. There are a number of benefits attached with the Bajaj Finserv home loan like flexibility in loan tenure, and the option to top up the loan amount during balance transfer. They also offer pre-approved loan offers to select applicants with interest rates starting from 6.65% per annum. Given below are some of the features of this home loan product:

  • Hassle-free processing and instant approval
  • These are external benchmark linked loans, like the repo rates
  • 0% prepayment or foreclosure charges for home loans from Bajaj Finserv
  • Extended loan tenure of upto 30 years

Loan Against Property

Bajaj Finserv provides loan against property to applicants with interest rates starting from 7% per annum and repayment tenure of upto 30 years. With this product, you can get a loan amount of upto Rs. 5 crore. Since these loans are linked to external market conditions, the borrower can get the benefit of lower EMI payments when the market conditions are favorable. Given below are some of the features of a loan against property from Bajaj Finserv:

  • You get the option of unlimited partial repayment and withdrawal with the choice to just pay the interest amount as EMIs initially
  • There are no prepayment or foreclosure charges
  • You can manage your account seamlessly online via the customer portal

Bajaj Finserv Bank Corporate Office Details

Given below are the essential contact details of the Bajaj Finserv Bank Corporate Office:

Address 6th Floor Bajaj Finserv Corporate Office Off Pune-Ahmednagar Road, Viman Nagar, Pune- 411014
Phone 8698010101
E-Mail investors@bajajfinserv.in

FAQs

From refinancing to reducing your interest, we have the answers right here.

Who is the owner of Bajaj Finserv Bank?

Sanjiv Bajaj is the managing director and chairman of Bajaj Finserv Limited. This is the holding company for all the financial services companies for Bajaj.

Is Bajaj Finserv a government company?

Bajaj Finserv is registered with the Registrar of Companies in Pune as a non-govt financial company.

Is Bajaj Finserv regulated by the RBI?

Yes, Bajaj Finserv is regulated by the RBI. It is registered as a deposit-taking NBFC-Investment and Credit Company with the RBI.

How can I get a loan from Bajaj Finserv?

You can easily get a loan from Bajaj Finserv by checking your eligibility and getting approval online. You can also get approved the same day and receive the funds within 24 hours.

What is the current rate of interest in Bajaj Finserv?

You can acquire a loan from Bajaj Finserv at interest rates starting from 13% per annum.

Can I pay Bajaj Finserv Loan EMI online?

Yes, you can easily make Bajaj Finserv Loan EMI online through various different payment methods.

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