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Bajaj Finserv Offers Assured Vouchers on Personal Loans.


Bajaj Finserv Offers Assured Vouchers on Personal Loans.

Bajaj Finserv, a leading Indian financial company, will be providing prepaid vouchers to all its customers availing of personal loans between September 1 through 4, 2017. These prepaid vouchers will be provided by Bajaj Finance Ltd., which is the company through which Bajaj Finserv lends money. All the customers who would avail of a personal loan during the above period are assured of a prepaid voucher worth an amount as mentioned in the following table:-

Personal Loan Amount Amount of Assured Prepaid Gift Voucher Worth
Rs. 12 Lakhs and Above Rs. 14,000.00
Between Rs. 11.99 to 8 Lakhs Rs. 10,000.00
Between Rs. 7.99 to 6 Lakhs Rs. 6000.00

Bajaj Finserv also offers a unique, one-of-its-kind credit facility, known as “Line of Credit”. Where the credit facility is allotted for a specified amount, useful when one is uncertain about the exact actual amount of expenses for which the loan is to be raised.  Once the amount, as per the assigned limit, is allocated the customer can withdraw and use only the amount of money, within the permitted limit, as required by him/her and pay interest only on such withdrawn amount. The customer is allowed not only the flexibility of amount to be withdrawn as per requirement for funding an expense but also the number of times the amount can be withdrawn as well as the choice of repayment tenure. Line of Credit being different from Personal Loans and other forms of financing in the aspect that you only need to pay interest on the amount that you withdraw reduces the burden of interest rate as well. The customer only needs to pay the interest amount as EMI and that too only on the actual amount withdrawn and utilised and after withdrawal of the amount.

Bajaj Finserv offers some attractive and convenient advantages for personal loan applicants. These are listed below.

  • Application for personal loan from Bajaj Finserv can be made online with the requirement of the following minimum basic documentation, as follows:-
  1. Proof of ID
  2. Proof of Residential Address
  3. Income Proof
  4. Bank Account Statement (usually for the last current, consecutive six months)
  • Personal Loan approval is done by Bajaj Finserv within five minutes of submission of complete document and meeting all required criteria.
  • Once approved, Personal Loan is disbursed within 72 hours by transfer of the loan amount directly to the bank account of the applicant.
  • Flexibility of personal loan amount entails one to get a maximum loan of Rs. 25 Lakhs as well as choice of a convenient repayment tenure ranging from 24 to 60 months reduces the interest burden in form of lower EMI with increased tenure.
  • Personal loan by Bajaj Finserv is given as unsecured loan as such no collaterals are required.
  • Cheaper interest rate makes the loan affordable to most customers. The low competitive interest rates and the flexible loan repayment tenure make it convenient for customers to raise personal loan with Bajaj Finserv.
  • The facility of checking online eligibility criteria for personal loan helps in calculating the comfortable loan amount to be availed thus limiting the chance of defaulting in loan repayments.

Decide on the requirement of the amount of personal loan by calculating on the online calculator. Ensure that you meet all the criteria for approval of Personal Loan. Collate the minimum basic documents required to be submitted in one go instead of in parts Apply online for personal loan with Bajaj Finserv Get approval within five minutes and disbursal of the approved personal loan amount directly to your bank account.

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