Bajaj Finserv personal loan is an unsecured loan that you can use for various purposes, such as debt consolidation, home improvement, medical expenses, or travel. It offers a flexible repayment tenure of up to 96 months and a competitive interest rate starting at 11% per annum.
Here are some of the features of Bajaj Finserv personal loan:
- Loan amount: Up to Rs. 40 lakh
- Interest rate: Starting at 11% per annum
- Repayment tenure: Up to 96 months
- Processing fee: Up to 2.5% of the loan amount
- Prepayment charges: Nil
- Flexibility: Flexi Hybrid feature allows you to borrow more funds within your credit limit
Bajaj Finserv also offers a variety of other loan products, such as home loans, business loans, and credit cards.
If you are considering taking out a personal loan, it is important to compare offers from different lenders to find the best deal. You should also carefully consider your loan terms and make sure you can afford the monthly payments.
Here are some things to keep in mind when comparing personal loans:
- Interest rate: This is the annual percentage rate (APR) that you will be charged on the loan.
- Loan amount: This is the total amount of money that you can borrow.
- Repayment tenure: This is the length of time that you have to repay the loan.
- Fees: There may be origination fees, processing fees, and other charges associated with the loan.
- Prepayment penalties: Some lenders charge a penalty if you pay off the loan early.
It is also important to make sure that you understand your credit score and how it will affect your loan terms. Your credit score is a number that reflects your creditworthiness. A higher credit score will typically qualify you for lower interest rates and better loan terms.
