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Bajaj Finserv Loans

BAJAJ FINSERV Personal Loan Interest Rates

Bajaj Finserv is a non-banking financial company which was earlier part of the Bajaj Auto Group but later demerged to concentrate on the financial services business. It is the holding company of Bajaj Finance and Bajaj Allianz. It provides services in the areas of lending and personal finance, asset and wealth management and finally insurance. Bajaj Finserv provides loans and consumer finance services to individuals and small businesses.

Bajaj Finserv Personal Loans

Bajaj Finance provides access to loans to cover a wide range of financial requirements including personal loans, mortgage, business loans, loan against shares etc. They provide speedy and transparent service according to the specific requirement of the customer. For salaried professionals they have a 5 minute approval offer to ease the entire process.

  • Facility for 100% online personal loan approval in selected cases (conditions apply)
  • They provide personal loans for salaried professionals upto Rs. 25lakh with avenue for part prepayment
  • Importantly there are no charges for foreclosure of the loan at any time

Bajaj Finance advances loans for a variety of reasons including personal loans, marriage loans, renovation loans, travel loans, mortgage loans, business loans, car and two wheeler loans, durable finance, lifestyle finance, gold loans etc
While calculating the interest rate of Bajaj Finserv we need to understand the multiple parameters that play a role in arriving at this number. The parameters to calculate Bajaj Finserv interest rate could be the loan amount required, the company you are working in, the tenure of the loan amount, the salary bracket that you are in and so on. Bajaj Finserv interest amount a portion of the loan amount over and above the principal amount which is repaid to Bajaj Finserv. Bajaj Finserv interest rate is usually depicted as a percentage of the loan which is calculated annually and also known as Annual Percentage Rate (APR). Each Bajaj Finserv EMI repayment has a portion which goes towards the principal amount and the remaining is calculated as Interest. Usually, the interest portions are higher in the initial EMI’s and reduce as the EMI’s progress. On the other hand, the EMI adjusted against the principal amount is lower in the start of EMI repayment and increase as the tenure progresses.

Bajaj Finserv has categorised companies into different segments. Some of these categories and the companies that fall in each category are depicted in the table below.

Category Company List RoI
Wipro Technologies
Hetero Labs Ltd
Verizon Data Services India
Johnson Controls (India) Private Limited
Kimberly Clark Lever Ltd
Tata Iron And Steel Company Ltd (TISCO)
Daimler India Commercial Vehicles Pvt Ltd
14.50% to 15.75%
Bharat Oman Refineries Ltd
Defiance Technologies Limited
Mcafee Software India Pvt Ltd
Wockhardt Ltd
Metlife Global Operations Support Center Pvt Ltd
Tata Motors Finance Ltd
Medtronic Pvt Ltd
Arrow Electronics India Pvt Ltd
Cummins Business Services
Deloitte Touche Tohmatsu India Pvt Ltd
14.75% to 15.99%
Ametek Instruments Pvt. Ltd.
Tokai Rika Minda India Pvt Ltd
CBRE South Asia Private Limited
Kone Elevator India Pvt ltd
NTT DATA Global Delivery Services Limited
Tata Sky Ltd
A C Nielsen Research Services
Advertising Avenues
Albright And Wilson Chem India
Amco Batteries
14.99% to 16.50%
Barclays Technology Centre India Private Limited
Kalyani Carpenter Special Steels Ltd
Colourtex Industries Ltd
Bharat Serums And Vaccines Ltd
Carraro India Ltd
Computerland UK Ltd
Info Edge India Ltd
Oxigen Service India Pvt Ltd
Rolls Royce India Pvt Ltd
Wellknown Polyester Ltd
15.75% to 16.75%
Aegis Aspire Consultancy Services Ltd
Color Plus Fashions Ltd
Anil Special Steel Industries
Khaitan Electricals Ltd
Seaways Shipping And Logistics Ltd
Collabera Solutions Private Limited
Packaging India Pvt Ltd
Minda Distribution And Services Limited
Grant Thornton Advisory Pvt Ltd
15.99% to 16.99%

Know the difference between Flat Interest Rate and Reducing Balance Interest Rate before you avail a Personal Loan. Check our Flat Rate vs Reducing Balance Calculator now.

Flat Interest vs Reducing Balance Calculator