Bajaj Finserv Personal Loan for Women

Bajaj Finserv Personal Loan for Women

In order to help women plan their travel, wedding, higher education and other financial needs, Bajaj Finserv offers a personal loan to women, which comes with amazing features and benefits to choose from. With this credit facility, the women can get instant approval and quickest disbursals, hence can fulfill their varied needs in the best manner. To know more about the same, let’s go through this page below:

Bajaj Finserv Personal Loan Interest Rates for Women

Particulars
Details
Interest Rates12.99% onwards
Tenure12-60 months
Loan AmountUp to Rs.25 Lakh
Processing Fee2.25% - 3% of the loan amount
Foreclosure Charges4% on principal outstanding +GST
Part-prepayment2% on part payment amount paid +GST

Eligibility Criteria of Bajaj Finserv Personal Loan for Women

You need to meet the below eligibility norms so as to get this loan. Take a look at the table below to know the basic details:

  • An applicant must be an Indian citizen
  • She must be between 23 and 58 years of age
  • Must be a salaried individual employed with an MNC, public or private company
  • The minimum monthly income of an applicant must be Rs.27,000/30,000/32,000/37,000

Bajaj Finserv Personal Loan EMI Calculator for Women

Want to avail a loan but confused as far as monthly installments are concerned?  If yes, all you need to know about a personal loan EMI calculator. Yes, this smart device helps you in knowing the exact and accurate calculations of your monthly installments and that too in a hassle-free manner.

This magical tool after taking into the account-loan amount, tenure and interest rate gives you the exact values of not only your EMIs but Interest Outgo as well. This is the reason why it is always in demand and why many borrowers prefer to use the same.

Let’s just understand more about the same with the help of an example below:

Suppose, Akash Sharma, a 30-year-old, Software Engineer by profession is interested in availing a personal loan of Rs.5 Lakh to enjoy a family vacation in Singapore. Soon after applying for the loan, he has got the approval from Bajaj, stating that the lender is agreed to offer him the loan at an interest rate of 12.99% for a tenure of 5 years.

So, let’s take a look at the table below to know what would be the exact calculations of his monthly installments.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00012.99%1₹ 44,656₹ 35,876₹ 5,35,876
₹ 5,00,00012.99%2₹ 23,769₹ 70,446₹ 5,70,446
₹ 5,00,00012.99%3₹ 16,845₹ 1,06,404₹ 6,06,404
₹ 5,00,00012.99%4₹ 13,411₹ 1,43,741₹ 6,43,741
₹ 5,00,00012.99%5₹ 11,374₹ 1,82,439₹ 6,82,439

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 75,954₹ 60,533₹ 4,24,045
2₹ 86,430₹ 50,058₹ 3,37,615
3₹ 98,350₹ 38,137₹ 2,39,265
4₹ 1,11,914₹ 24,573₹ 1,27,350
5₹ 1,27,472₹ 9138₹ 0

Documents Required

To have an enjoyable journey, you need to submit the complete list of documents to the lender. So, to know more about the documents, take a look below:

  • KYC Documents
  • Employee ID Card
  • Salary Slips of the previous 2 months
  • Bank account statements of the salary account, for the previous 3 months

Features & Benefits

  • Quick Approval
  • Fastest Disbursal (within 24 hours)
  • Flexibility
  • Less Documentation
  • Flexible Repayment Options
  • Loans up to Rs.25 Lakh
  • Transparency

People Also Look For

Personal Loan Interest Rates October 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 14.50%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator