Travel Loan1406 views
Bajaj Finserv Travel Loan Details:
| Particulars | Details |
|---|---|
| Interest Rates | 16% p.a. |
| Loan Amount | Up to 25 Lakh |
| Repayment | 24 months-60 months |
| Processing Fees | 2.25% – 3% of the loan amount |
| Foreclosure Charges | 4% |
| Pre-payment charges | 4% |
| Secure Fee | Rs. 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.
| 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 |
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.
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.
