Bajaj Finserv Travel Loan: Your Way Towards Happiness

Travel Loan 531 views

Bajaj Finserv Travel Loan Details:

ParticularsDetails
Interest Rates16% p.a.
Loan AmountUp to 25 Lakh
Repayment24 months-60 months
Processing Fees2.25% – 3% of the loan amount
Foreclosure Charges4%
Pre-payment charges4%
Secure FeeRs. 999 (only for online)

Introduction

What is that one thing about travelling which you like the most? Is it spending quality time with family or friends? Is it exploring the new destinations, meeting new people? Is it taking a breaking from your mundane life? Well, whatever your take, but travelling gives happiness and brings smile on everyone's face. Don't you agree?

About Bajaj Finserv Travel Loan

But, when it comes to travelling, it needs time, and most importantly it needs money. However, while the first thing is in your hands, and if you are bothering about the second part, with Bajaj Finserv you need not to worry. Yes, now you don't have to bother about your travel expenses as it brings to you a travel loan so as to cover all your travelling expenses.

Yes, in order to get more information about the travel loan offered by Bajaj Finserv, read this article below:

Eligibility Criteria for Bajaj Finserv Travel Loan:

To avail the travel loan in Bajaj Finserv, you need to fit into the below eligibility criteria.

Age of Applicant Min-25 years ; Max-58 years
No. of years in employment 3 years & above
Current Experience 3 months & above
Net Monthly Income Rs. 20,000-Rs. 40,000

Documents Required for Bajaj Finserv Travel Loan:

Next, thing on which you need to pay attention is the documentation required to get the travel loan from this NBFC.

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Financials Salary slips of last 2 months
Bank Statements Latest 3 months salary account bank statement
Employment Proof Employee id card and visiting card
Work Experience Document

 

 

 

 

 

 

Current employment:Appointment letter / form 16 / 1 year old salary slip

Previous employment:Appointment letter / form 16 / promotion letters/ transfer / confirmation letters / previous salary slip

KYC

 

 

 

 

 

 

Identity proof: Passport / voters ID card / driving license / pan card

Address proof: Passport / driving license / ration card / latest mobile bill / letter from employer (with hr /admin sign)

Signature proof: Passport / pan card / driving license / photo credit card (front only) / banker verification letter (online only)

Age proof: Passport/ pan card / driving license / birth certificate

Bajaj Finserv Travel Loan EMI Calculator

Lets' understand the concept of travel loan with the help of an example below.

Suppose you want to travel to Dubai and looking a travel loan of Rs.15,00,000 for that. Now, one lender is ready to give you this loan amount at an interest rate of 15.60% p.a. for 5 years, what would be your EMI? What is that amount that will go every month from your pocket? Excited in knowing? Well, go through this article below.

Below is the table showing EMI, Interest Outgo and Total Amount Payable on your travel loan.

Loan Amount

Interest Rate

Tenure

EMI

Interest

Total Amount

Rs.15,00,000

15.60%p.a.

1

Rs. 1,35,813

Rs. 1,29,750

Rs.16,29,750

Rs.15,00,000

15.60%p.a.

2

Rs. 73,158

Rs. 2,55,799

Rs.17,55,799

Rs.15,00,000

15.60%p.a.

3

Rs. 52,440

Rs. 3,87,833

Rs.18,87,833

Rs.15,00,000

15.60%p.a.

4

Rs. 42,204

Rs. 5,25,780

Rs.20,25,780

Rs.15,00,000

15.60%p.a.

5

Rs. 36,159

Rs. 6,69,543

Rs.21,69,543

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Amortization Table

Year

Principal

Interest

Balance Amount

1

Rs. 214,838

Rs. 219,070

Rs. 1,285,162

2

Rs. 250,858

Rs. 183,050

Rs. 1,034,304

3

Rs. 292,912

Rs. 140,996

Rs. 741,392

4

Rs. 342,022

Rs. 91,886

Rs. 399,370

5

Rs. 399,834

Rs. 34,544

Rs. 0

Apply for instant personal loan online at lowest interest rate to fufill your travel dreams.

Features and Benefits of Bajaj Finserv Travel Loan :

  • Quickest Approvals
  • Fastest Disbursals
  • Lowest Interest Rate
  • Complete Process Available Online
  • Simple Documentation
  • Affordable Financing
  • Easy Monthly Repayment Options
  • High Loan Amounts

Bajaj Finserv Loan Status

If you want to know the status of your travel loan at Bajaj Finserv, all you need to do is just get in touch with this NBFC. Yes, you just need to visit the branch in person, and can know the status of your travel loan without any hassle. It allows you to have a deep understanding of your loan status.

Bajaj Finserv Loan Calculator:

Now, its easy and convenient for you to do the calculations at your end with the help of a loan calculator. Yes, this calculator allows you to know your EMIs, if you avail a Bajaj Finserv travel loan. This calculator takes into the account, your loan amount, rate of interest and tenure. You just need to insert these details into the calculator, and it will give you the results instantly, thus helps you in knowing your EMIs.

Bajaj Finserv Loan Application Status:

If you have applied for Bajaj Finserv travel loan, and wanted to know the current status of your loan application, you can easily do this. Just from the comfort of your home or office, you can know the loan application status of your loan with the help of your online account at Bajaj Finserv. You need to visit the site, log into your account, and there you are with the status showing at your screen.

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Bajaj Finserv Loan Payment

You can easily do the payment of your Bajaj Finserv travel loan. Yes, when it comes to repaying the loan, you can pay it through easy monthly installments up to a tenure of your choice. You can select the tenure , loan amount and avail the loan from Bajaj Finserv. With its fast and convenient repayment options, you can pay your loan in a hassle-free manner.