Bajaj Finserv slashes personal loan interest rate to 12.49pct this festive season

Bajaj Finserv, one of the most diversified financial companies in India, through its lending arm, Bajaj Finance Ltd is offering personal loan at 12.49 percent for a loan value of Rs.12 lakhs and above in its festive season offer.

Application availing loan amount of Rs.8lakhs to Rs.11.99lakhs will be offered at an interest rate of 13.49 percent and a loan amount of Rs.6lakhs to Rs.7.99lakhs at 13.99 percent.

Bajaj Finserv will offer the special interest rates on personal loan between September 5 and 11, 2017. Applying for a personal loan with Bajaj Finserv is a seamless and convenient process wherein the applicant can log to company's website to apply for a loan.

Bajaj Finserv will also offer an exciting proposition with the personal line of credit. A credit facility allotted to the applicant for a specified amount wherein the consumer pays interest amount as EMI. Consumer is free to withdraw and use any amount of money within this allotted limit and pay interest on the amount used.

The following features ease the documentation process:

Minimal documentation: Basic documents like ID proof, address proof, income proof, bank statements, etc. needs to be submitted along with online application.

Instant approvals: Once the documents are submitted and the applicant meets all the criteria, loan is approved within five minutes.

Rapid disbursals: While the loan is approved immediately, the loan money is transferred in applicant's bank account in maximum of 72 hours.

Loan ticket size: A maximum of Rs.25lakhs can be availed as personal through Bajaj Finserv. Also, you can choose a tenor ranging from 24 months to 60 months for the repayment of loan.

No collaterals: Personal Loan is qualified as unsecured loan and doesn't require any collateral.

Competitive interest rates: A personal Loan from Bajaj Finserv comes at affordable and cheaper interest rates offering a convenience of applying it online.

Bajaj Finserv offers you an online calculator to check your eligibility online that helps you identify the loan amount you can avail. You can check the availability and apply for loan to get benefit in this limited period.