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Bajaj Finserv cuts interest rates on personal loans ahead of festive season

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Bajaj Finserv cuts interest rates on personal loans ahead of festive season

Bajaj Finserv is offering personal loans at a reduced rate of 12.49% for loans of Rs.12 lakh and above as part of a festive season offer. Bajaj Finserv is providing this offer through Bajaj Finance Limited, which is its lending division. Loans between Rs.8 lakh and Rs.11.99 lakh will come with interest rates of 13.49% while loans between Rs.6 lakh and Rs.7.99 lakh will come with interest rates of 13.99%.

The special interest rates for personal loans will be offered between the 5th and 11th of September, 2017. Personal loan applications can be easily made online through the company website. Bajaj Finserv will also offer an attractive proposition via the Line of Credit feature. A credit line will be provided to the customer for a particular duration and he/she will only repay interest through the monthly EMI.

Customers can pay interest only the amount that is used/withdrawn and the principal can be repaid when the tenor ends. Bajaj Finserv is also offering instant loan approvals within 5 minutes once documents are submitted and applicants meet the necessary criteria. Minimal documentation and swift disbursal of funds within 72 hours post verification are other benefits for borrowers. Personal loans are offered up to a maximum of Rs.25 lakh and tenors range between 24-60 months. There are online calculators for checking eligibility and the monthly EMI alike.

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