Bajaj Finserv offers personal loans to their customers at an affordable interest rate starting from 12%.The loan is especially designed for people who are in need of money and need instant cash to fulfill their demands. Be it renovating your house, paying education fees, covering wedding expenses etc., a personal loan from Bajaj Finserv is the best option.
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IMPORTANT INFORMATION
IN RELATION ACCESS TO CREDIT INFORMATION CRIF HIGHMARK
You hereby appoint GC Web Ventures Pvt. Ltd. (hereinafter, "IndiaLends") as your authorized representative to receive your credit information from CRIF Higmark. You hereby irrevocably and unconditionally consent to such credit information being provided by CRIF Higmark to you and IndiaLends, and you hereby agree, acknowledge, and accept the terms and conditions set forth herein.
You hereby also acknowledge that for IndiaLends to service you as a customer to access your credit worthiness, the credit information shall be shared by CRIF Higmark with you and IndiaLends on a quarterly basis in a period of 12 months continuously (4 reports in a year) to ensure that you are able to view your complete credit history. Please read the terms and conditions of this document carefully before accepting. By clicking on the “I Accept” button below, you are expressly agreeing to access the CRIF Higmark credit information report and credit score (as defined in the important information section below and together referred as “credit information”) and share a copy of the credit information with IndiaLends in the “as is” format. Please click on the link below to read and understand the important information section below. ** This document is an electronic record in terms of the Information Technology Act, 2000, and rules made there under, and the amended provisions pertaining to electronic records.
IMPORTANT INFORMATION
CONSENT IN RELATION TO ACCESS TO CREDIT INFORMATION THROUGH EXPERIAN
This End User Agreement (the “Agreement”) is made between you (the “User” or “You”) and GC Web Ventures Pvt. Ltd., a private limited company having its registered office at Plot No. 55, Upper Ground Floor, Saidujalab, Westend Marg, New Delhi – 110030. (“CLIENT”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and CLIENT shall be collectively referred to as the “Parties” and individually as a “Party”. You hereby consent to CLIENT being appointed as your authorised representative to receive your Credit Information (i) for the purpose of determining your credit worthiness through using provider’s Credit Information Report and sharing relevant credit products with You as provided by the financial partners of the CLIENT; and (ii) in relation to credit monitoring that enables the individual consumers to monitor various active loan products, movement of credit score, delayed payments flags etc. as required in accordance with applicable laws, (“End Use Purpose”) on an ongoing basis until the End Use Purpose for not exceeding 6 months or withdrawal of consent; whichever is earlier. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE EXPERIAN CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS “CREDIT INFORMATION”). YOU HEREBY ALSO CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND CLIENT BY USING EXPERIAN TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging CLIENT shall access your Credit Information as your authorized representative and CLIENT shall use the Credit Information for limited End Use Purpose consisting of and in relation to the services proposed to be availed by You from CLIENT. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein and in furtherance to applicable law including the CICRA. The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared to You, or received on by Us on your behalf shall be destroyed, purged, erased immediately upon the completion of the transaction/ End Use Purpose for which the Credit Information Report was procured, this period not being longer than 6 months. Governing Law and Jurisdiction The relationship between you and CLIENT shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of Mumbai. Definitions: Capitalised terms used herein but not defined above shall have the following meanings: “Business Day” means a day (other than a public holiday) on which banks are open for general business in Mumbai. “Credit Information Report” means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by Experian; “Credit Score” means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian. “CICRA” shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder. PLEASE READ THE ABOVEMENTIONED TERMS AND CONDITIONS AND CLICK ON “ACCEPT” FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS/ FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH CLIENT IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE. BY CLICKING “ACCEPT” YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN.
IMPORTANT INFORMATION
IN RELATION ACCESS TO CREDIT INFORMATION THROUGH TRANSUNION CIBIL LIMITED
To,
TransUnion CIBIL Limited [Formerly known as Credit Information Bureau (India) Limited]
19th Floor, One World Centre Tower-2A-2B,
841 Senapati Bapat Marg,
Lower Parel,
Mumbai – 400 013
Sub: Grant of Consent
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) and other related credit products (Credit Products) offered by CIBIL through GC Web Ventures Private Limited (referred to as the “Company”) and delivery of the Consumer Credit Information and Credit Products to the Company, I hereby acknowledge and agree to the following:
A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information and Credit Products from TUCL on my behalf and use it and the Company has granted its consent for being appointed for the aforesaid purpose.
B. I grant my unconditional consent to the Company to receive the Consumer Credit Information and Credit Products from TUCL on my behalf and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that the Terms of Understanding in relation to the use of the Consumer Credit Information and Credit Products has been agreed between me and the Company.
C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver my Consumer Credit Information and Credit Products to the Company on my behalf.
D. I agree that my consent shall be stored by the Company on a permanent basis and shall be verifiable from time to time. I understand that the Company cannot access the Consumer Credit Information for more than 6 months on a single Consumer Consent and the same shall be required to be refreshed every six (6) months. Company can store the Consumer Credit Information only for (i) a limited time period of six months or (ii) till such time the credit information is required to be retained to satisfy the purpose for which it was provided or (iii) until I withdraw my consent to store such Consumer Credit Information, whichever is earlier and thereafter, the stored Consumer Credit Information shall be deleted, purged, expunged by the Company.
E. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information and Credit Products to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information or Credit Products , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company.
F. I acknowledge and accept that TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard.
G. I agree that I may be required to record my consent / provide consent electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written consent " to [COMPANY] authorizing [COMPANY] to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED]. I further authorize [COMPANY] to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for [COMPANY] to obtain my Consumer Credit Information and Credit Products.
H. I understand that in order to deliver the product to me, I hereby authorize [COMPANY], to obtain my Consumer Credit Information and Credit Products from TUCL.
I. By submitting this registration form, I understand that I am providing express written consent for [COMPANY] to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active [COMPANY] account. I further authorize [COMPANY] to retain a copy of my information for use in accordance with [COMPANY’S] Terms of Use and Privacy Policy.
J. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
K. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information or Credit Products and / or my decision to provide TUCL with the authority to deliver my Consumer Credit Information and Credit Products to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
L. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
M. For any issues related to your credit score/report (like wrong account information or loans/cards that you have not taken), kindly raise a dispute with CIBIL at https://www.cibil.com/dispute/
Business Age
Business Proof
Why Choose Bajaj Finserv Personal Loan?
You can benefit from the attractive rate of interest and several other product features. Here are a few reasons for choosing Bajaj Finserv Bank for a personal loan.
- Affordable and Flexible Interest Rates
- Personal loan up to Rs. 20 lacs
- Instant online loan approval
- Easy documentation process & 100% transparency
- Flexible repayment options, ranging from 12 to 60 months
- Zero Hidden Charges and Low Processing Fee
- Check personal loan eligibility
- Calculate personal loan EMI
Bajaj Finserv Interest Rate
The rate of interest will range from 12% to 16% p.a. It will depend on the customer’s credit score, credit history and the relationship with the bank, and finally the bank’s internal policies.
SALARIED INDIVIDUAL Loan Amount
Starting From Rs. 1,00,000 up to Rs. 20 lakhs
| Interest Rate | 12% to 16% |
| Processing Fee | 1.5% to 2% of the disbursed loan amount |
| Loan Tenure | 12 to 60 months |
| Age | 25 years to 58 years |
| Prepayment Charges | 2% of the principal outstanding |
Bajaj Finserv Personal Loan FEATURES AND BENEFITS
Instant Loan Processing
Bajaj Finserv provides easy and fast personal loans for your financial needs. You can get end-to-end support in every step of the loan application. From filling up the online form to the disbursal, all steps are completed quickly i.e. within 2 to 3 business days. After you submit your application, you will get an instant approval and will get money in your account within 2 days. What you need to do is to fill up a simple online form and upload your documents. Before doing so, it is advisable to check your personal loan eligibility.
Quick Disbursal of Funds
Once you submit your online personal loan form, you get an instant decision based on your profile. If you fulfill the eligibility criteria, your application would get approved instantly. Your loan amount will be deposited in your bank account within 72 hours of approval.
Loan Amount
If you require a big loan amount, Bajaj Finserv is the ideal choice for you. It provides a personal loan up to Rs. 20 Lakh. You can repay the loan in easy installments over a time period of 2 to 5 years.
Flexi Loans
Flexi Loans were the first to be introduced by the company to provide borrowers with the flexibility to pay loans as per their convenience. Flexi loan let you save interest on your loan through pre-payment. Moreover, it also gives you the option to take back the prepaid amount any time during the loan period. It is a simple self-service process that is convenient for the customer.
Exclusive Offers for Existing Customers
An existing customer of Bajaj Finserv can avail pre-approved personal loan offers from the company. Such offers are generally equipped with attractive loan rates and low processing charges.
Transparency
The lending process and cost structure of Bajaj Finserv personal loans are transparent. You can view all the information regarding your personal loan online. Moreover, you can keep a track of your repayments, payment schedule, and other things through the customer portal.
Bajaj Finserv Personal Loan Fees & Charges
| Processing Fee | Bajaj Finserv charges a processing fee of 1.5% to 2% of the loan amount. |
| Foreclosure Charges | In case you want to repay your entire loan amount before the loan period ends. Bajaj Finserv allows prepayment by charging 2% of the outstanding amount. |
Bajaj Finserv Personal Loan Eligibility Criteria
To avail a personal loan, an applicant has to fulfill certain conditions set by the service provider. All banks and NBFCs follow a standard guideline issued by RBI. Bajaj Finserv will provide you a loan if you fulfill following conditions.
1
If you have an Indian Citizenship
2
Your age is between 25 to 58
3
At least 3 years of experience
Further, there is a salary eligibility criteria depending on your location.
| Cities | Minimum Salary Requirement Per month |
| Aurangabad, Baroda, Bhubaneswar , Indore, Madurai, Mysore, Nasik, Trivandrum, Vijayawada, Vizag | Rs. 30,000 |
| Chandigarh, Cochin, Jaipur, Nagpur | Rs. 35,000 |
| Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida, Pune, Surat, Thane | Rs. 35,000 |
Bajaj Finserv Personal Loans Documents Required
1
Identity Proof
PAN card/Passport /driving license /Voters ID card
2
Address Proof
Ration card / Passport / Recent mobile bill / Driving license/Aadhar Card
3
Employment Proof
Letter from employer/ Employee ID card / Last 2 months Salary slips / Last 3 months salary bank account statement
Why Should You Apply for Bajaj Finserv Personal Loans at IndiaLends?
Bajaj Finserv Bank has collaborated exclusively with IndiaLends, an online marketplace which offers low-interest personal loans best suited for your needs. If you are seeking a Personal Loan with Bajaj Finserv Bank, you can simply fill up an online loan application form after checking your Bajaj Finserv Bank Personal Loan Eligibility. Moreover, you can use an online Personal Loan EMI calculator available at our website to calculate your affordability.
1
Personalised Loan Offers
At IndiaLends, you can receive personalised loan offers and best deals at the best rate of interest. This is due to a tie-up with Bajaj Finserv Bank, which helps you get the best deal on your personal loan as per your profile.
2
Instant Approval
You will get an instant approval on your personal loan after you fill in an easy online application form.
3
Cash within 2 days
Soon after the loan is approved, the funds are transferred right into the borrower’s bank account within two working days. Thus, we need no room for delay.
4
Real Time Tracking Facility
After submission of your loan application at IndiaLends, you can track your application online and moreover, will receive updates of your submitted application form using both email and SMS.
5
Dedicated Customer Support
IndiaLends has a dedicated customer support team and helpline which is always ready to help with any grievances or questions from loan applicants.
How to Apply for Bajaj Finserv Personal Loans at IndiaLends?
At IndiaLends, applying for a Bajaj Finserv Personal Loan is a simple process.
1
Registration
Fill up an online loan application form
2
Quick Verification
We will review your application andgive you a decision within minutes
3
Loan Disbursal
You will be receiving your cash within two days
We will forward your loan application to your nearest Bajaj Finserv branch. You can also check the status of your loan application through SMS alerts as well as emails.
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