Is Bajaj Finserv Personal Loan Helpful To Your Cause?

You can manage your personal expenses easily with the Bajaj Finserv Personal Loan. Yes, you read it right now, there will be no worries for you if you apply for a loan at Bajaj Finserv. With this, you can meet financial obligations such as wedding expenses, home renovation cost, travel bookings, etc. So, have a look at the article below and understand why you should make Bajaj Finserv Personal Loan a part of your financial emergency.

Bajaj Finserv Personal Loan Attractive Borrowing Limit

At Bajaj Finserv, you can borrow a maximum of INR 25 lakh personal loan and this will be based on your income and credit worthiness. So according to this, the customers will get a high range of loan amount under which his/her financial needs can be met. Now let’s see in the table below whether your monthly income comes under its eligibility criteria of Bajaj Finserv Personal Loan or not.

Residence state/city	Monthly Income (in INR)
Bangalore, Delhi, Pune, Mumbai, Hyderabad, Chennai, Coimbatore, Ghaziabad, Noida, Thane.	35,000
Ahmedabad, Kolkata	30,000
Jaipur, Chandigarh, Nagpur, Surat, Cochin	28,000
Goa, Lucknow, Baroda, Indore, Bhubaneswar, Vizag, Nasik, Aurangabad, Madurai, Mysore, Bhopal, Jamnagar, Kolhapur, Raipur, Trichy, Trivandrum, Vapi, Vijayawada, Jodhpur, Calicut, Rajkot	25,000

What is The Current Bajaj Finserv Personal Loan Interest Rate?

The next question of yours must be about the Bajaj Finserv Personal Loan interest rate, so keep it relaxed as you will get an interest rate from 13.00% onwards. The rate will remain fixed throughout the repayment tenure, which means your repayments will not be affected even if the Bajaj Finserv lending rates fluctuate.

Bajaj Finserv Personal Loan EMI Calculator - A tool for your help!

After knowing about Bajaj Finserv Personal Loan borrowing amount, interest rates now it's time you check whether all this will fit in your budget. And for this purpose Bajaj Finserv has the right tool for you, an EMI Calculator. To use the Bajaj Finserv Personal Loan EMI Calculator, you need to enter the following information:-

• Loan amount

• Interest Rate

• Tenure

Illustration

Mr. Sharma is a corporate employee who lives in Delhi and earns a monthly salary of INR 40,000. But due to the pandemic Mr. Sharma's financial situation isn’t so great and he isn’t able to manage all his debts, so he decided to borrow a Bajaj Finserv Personal Loan. At Bajaj Finserv Mr Sharma received an offer of INR 15 lakh at an interest rate of 11.25% per annum. And showing his smartness Mr Sharma uses the Bajaj Finserv Personal Loan EMI Calculator and found the perfect repayment tenure for himself. You can look at the table below and guess which EMI Mr. Sharma has chosen. 

Year	Loan	Interest	EMI	Interest Payout	Total Repayment
1	15,00,000	11.25%	1,32,747	92,970	15,92,970
2	15,00,000	11.25%	70,086	1,82,064	16,82,064
3	15,00,000	11.25%	49,286	2,74,291	17,74,291
4	15,00,000	11.25%	38,951	3,69,631	18,69,631
5	15,00,000	11.25%	32,801	4,68,058	19,68,058