Ultimate Guide For Bajaj Finserv Personal Loan at Finserv Markets

Ultimate Guide for Bajaj Finserv Personal Loan at Finserv Markets

What is a Personal Loan?

A personal loan is a type of unsecured loan and helps you meet your current financial needs.

You don’t usually need to pledge any security or collateral while availing a personal loan and your lender provides you with the flexibility to use the funds as per your need. It can serve as your solution for managing your travel costs and wedding expenses as well as the expenses of a medical emergency, home renovation, debt consolidation and others.

Bajaj Finserv Personal Loan Be it a child’s wedding, his/her education, your dream holiday abroad, or a medical emergency, there can be a sudden requirement of finance at any point in your life, and you need to be able to face it with confidence. Turning to friends or relatives for assistance or spending from your savings on these needs may not always be feasible. The next best solution is taking a Bajaj Finserv Personal Loan.

We, at Finserv Markets, understand your needs and have designed a customized personal loan product that best suits your requirements. If you are a salaried/self-employed individual in need of financial assistance, you have come to the right place as Finserv Markets brings to you a Bajaj Finserv pre-approved Personal loan to meet your personal requirements. Personal Loan Top Up is also available at Finserv Markets.

You can apply for a Bajaj Finserv Personal Loan online from Finserv Markets up to INR 25 lakh depending on your eligibility, and presently we are offering this facility at 35 cities in India. Moreover, the Bajaj Finserv lending process is seamless with instant approval and swift disbursal of your Bajaj Finserv pre-approved loan amount.

Check out the amount of EMI you have to pay for your personal loan by using our Personal Loan EMI calculator.

If you are planning your wedding or dream vacation for your family, you can also apply for marriage loan and travel loan online.

Features and Benefits of Bajaj Finserv Personal Loan at Finserv Markets:

Instant Personal Loan Whatever your need be, get instant personal loan up to 25 lakh to live your dream.

Exclusive Offerings We offer tailor-made fast personal loans online to meet all your financial requirements.

Zero Collateral You can avail unsecured loans without a guarantor at Bajaj Finserv.

Assured flexibility in repayment Repay your Bajaj Finserv Personal loan in easy EMIs over a period of 12-60 months.

Value Added Services Get a free Financial Fitness report from Finserv MARKETS and enjoy customized insurance plans to protect your loan liability. No third party involvement in the Bajaj Finserv lending process.

What is the Eligibility Criteria for the Personal Loan from Finserv Markets?   

You must be an Indian citizen You must be a salaried individual between the ages of 23 – 58 years The minimum take-home salary threshold for tier 1 city is INR 37,000 whereas for Tier II cities, the same is INR 27,000. The detailed salary requirement is mentioned below:

 Thane, Noida, Ghaziabad, Coimbatore, Chennai, Hyderabad, Mumbai, Pune, Delhi, and Bangalore: INR 37,000 p.m.  Kolkata and Ahmedabad: INR 32,000 p.m.  Surat, Nagpur, Chandigarh, Jaipur, and Cochin: INR 30,000 p.m.  Raipur, Kolhapur, Jamnagar, Bhopal, Mysore, Madurai, Aurangabad, Nasik, Vizag, Bhubaneswar, Bhopal, Mysore, Madurai, Rajkot, Calicut, Jodhpur, Vijayawada, Vapi, Trivandrum, Trichy, Indore, Baroda, Lucknow, and Goa: INR 27,000 p.m.

How to apply for a Bajaj Finserv Personal Loan?

You can apply for a Bajaj Finserv Personal Loan from Finserv Markets by following these steps-

1. Fill in your personal information and employment details online 2. Select the desired Personal loan amount and the repayment tenure 3. You will get an online approval within three minutes and the money will reach your bank within 24 hours

What is the Documentation Process?

The personal loan at Finserv Markets involves minimal documentation and is practically paperless. The basic documents required for personal loan during the Bajaj Finserv lending process are:   

Aadhaar Card/Passport/Driving License PAN Card Last three months’ bank account statement

We at Finserv Markets help you in availing different types of personal loans. If you are planning your wedding or dream vacation for your family, you can also apply for marriage loan and travel loan online.

Personal Loan EMI Calculator Online Personal loans are quite common these days given that the entire application process is entirely online. Moreover, with swift approval and disbursal, personal loans appeal to millennials, making it an easy-to-go option when in need of instant funds. Whether it is a family vacation, wedding, medical emergencies, or children’s education, a personal loan caters to all your needs. In India, the rate of interest on personal loans is higher than a home or car loan. Therefore, managing your personal loan would require proper planning of finances.

Now that you have decided to avail a personal loan, you need to plan your monthly pay outs or EMIs advance along with your other financial obligations. The aim is to pay the EMI on time without defaulting on it. To ensure this, you need to know the exact monthly outflow of your EMI amount. The ‘Personal Loan EMI Calculator’ by Finserv Markets is the quickest way to know this.

An EMI comprises of two parts. One part is dedicated towards the repayment of the principal amount and the other is directed towards the interest. During the initial years, the interest component of the Personal loan is higher. However, once you move towards the end of the tenure, the interest component becomes less and the principal repayment amount increases.

The ‘Personal Loan EMI Calculator’ is an online tool by Finserv Markets, which asks you to provide certain inputs so that the in-built calculator can give you the exact amount you will

need to shell out every month for repaying the Personal loan. To facilitate the Bajaj Finserv lending process, there are three important inputs required when using the Personal Loan Calculator:  



Loan amount: This is the principal amount of Bajaj Finserv Personal loan that you wish to avail from us.

Rate of Interest: This is the interest rate required to be paid. The rate of interest is actually the cost that is paid on this loan. You can enter the interest rate on your Bajaj Finserv Personal loan as mutually agreed upon with us.

The tenure of the loan: The next input is the loan tenure or loan duration. The loan is repaid throughout this total term.

The inputs are taken on a sliding scale, which allows you to change the values according to your preference. The amount of EMI is calculated in just a click. Whenever you change the inputs, the EMI result changes accordingly.

The EMI calculator also displays the results in a colour-coded pie chart format. This helps you to see the proportion of the EMI going towards the principal amount and the interest in percentage form.

How is the personal loan EMI calculated?

An EMI calculator uses a simple formula to determine your EMI. The formula used is: E=P*r*(1+r)^n/((1+r)^n-1) where E is EMI, P is the principal loan amount, r is the rate of interest calculated on a monthly basis, and n is the tenor/duration of the loan.

Let us say you borrowed INR 10 lakh as a personal loan from a bank at the rate of 12% for a period of 10 years or 120 months.

Then your EMI as per the formula would be: INR 10 lakh *0.010*(1+0.010)^120/((1+0.01)^120-1))= INR 22,244 per month.

In a span of 120 months, you will end up paying INR 13,34,677. Out of this, INR 3,34,677 will be towards the interest.

How to use the ‘Personal Loan EMI Calculator’ Calculating your personal loan EMI is really a simple process. You need to click on the Bajaj Finserv Personal Loan EMI Calculator on Finserv MARKETS website. After that, all you need to do is to input the Personal loan amount, rate of interest, and Personal loan tenure. You will get the amount of EMI that you need to pay for the Personal Loan according to those inputs from Bajaj Finance Personal Loan Calculator on an instant basis. Once you get a fair idea on what your personal loan EMI can be, you can apply online and facilitate the Bajaj Finserv lending process.

What are the benefits of a ‘Personal Loan EMI Calculator’?

A personal loan is a big commitment. Hence, you need to know the monthly amount that you would require set aside for a Bajaj Finserv Personal loan. Once you are sure that you can meet the EMI payments regularly, you will be able to enter into an agreement with us. You can also negotiate on the rate of interest or the tenure of the Personal loan so that you can avail of an EMI that can be easily managed by you.

The personal loan repayment schedule The ‘Bajaj Finance Personal Loan EMI Calculator’ is also accompanied by a repayment schedule. A personal loan repayment schedule is a calendar of your periodic payments that you need to do throughout your loan tenure. This calculation is performed through an amortization calculator. A ‘personal loan repayment schedule’ refers to the entire process of servicing your Personal loans through regular payments over a period of time. The schedule separately shows the amount of the principal and interest component in each EMI that needs to be paid.

Personal Loan Eligibility Calculator - Overview The Finserv Markets Personal Loan Eligibility Calculator is the quickest way to accurately calculate the loan amount that you are eligible for. All you need to do is enter your net income and the Equated Monthly Installments (EMI) amount that you are comfortable paying and that’s it.

Conventional, offline methods of checking your personal loan eligibility and applying for the same are time-consuming, inefficient, and quite frankly, outdated! Finserv Markets puts all these problems aside and has simplified the entire process to make it seamless, easy, convenient and hassle-free. With just a few clicks and minimal documentation, we ensure you get the amount you need - right from the convenience of your home!

Reasons to Apply for a Personal Loan: • Timely payments of Debts • Medical emergencies • Quick and Hassle Free Loan • Helps Build Credit History • Unsecured Loan

Bid farewell to late payments The repayment of any debt carries with it several conditions, one of them being making timely payments. In this regard, one of the foremost reasons to apply for a personal loan is to ensure that you do not fall short of finances while repaying your debt. A personal loan surely saves you from the ignominy and hardship of unnecessary charges and penalties.

Medical emergencies It is true that a health insurance always comes in handy in case of a medical contingency.

However, the same comes with restraints such as exclusion of certain illnesses, etc. A good reason to apply for a personal loan in such a situation is that you can use the fund to your advantage without there being any restriction while using the money for a particular cause.

Personal loans help you rescue yourself from a medical emergency at the earliest.

Personal loans are quick and hassle free Another major reason why you should apply for a personal loan is that it is quick and convenient. These days, you can avail a loan from leading Non-Banking Financial Institutions like Finserv Markets at the click of a button with minimal documentation and formalities.

The amount is usually credited to your account in less than 24 hours thus making loan an easy financing option.

In the age of ever growing competition among lending companies, you do not even have to physically visit the lender to confirm your loan. Usually, the agents of the company themselves visit you to complete necessary formalities. With Finserv Markets, all you need to do is select the loan amount and repayment tenure, upload the required documents, and you’re done! It’s that simple.

Helps build credit history Here is another reason to apply for a personal loan; it helps you build credit history and lets you avail future loans easily. It is imperative that you apply for a loan and repay it in time in order to demonstrate to your lender that you are capable of taking care of your financial obligations. This way, banks and other financial institutions feel secure to lend money knowing that you have a decent history of paying your loan on time. It also helps raise your credit score tremendously.

Personal loan is unsecured Did you know that a personal loan is an unsecured loan? Well, this is surely one great reason to apply for a personal loan. Unlike your car loan or home loan, a personal loan is unsecured meaning that you do not have to mortgage or pledge any security while applying for such a

loan. Although this may mean a surge in the interest rate, it is surely lower as compared to the rates applicable to credit cards.

Now you know why you should go for a personal loan. Such a loan lets you use your cash for any kind of purchase that you want. Right from using it for unexpected repairs to starting a new venture to even funding your child’s education or planning a vacation, a personal loan makes it extremely easy for you to enjoy your money in an unrestricted and flexible option.

Online Personal Loan V/S Offline Personal Loan:

With an advancement in technology across the globe, it has become possible to avail a loan right from the comfort of your home! Gone are those days when you had to visit the branch office of a bank or a financial institution and make a physical loan application. Today, you can look for lenders from your home and shortlist the ones that fit your financial needs and requirements. You can also make a loan application without having to visit the physical branch of the lender. The processing of loan has become convenient and requires minimal documentation. Before you make a loan application, it is important to understand the difference between online and offline personal loan.

Application In case of an online loan application, as the name suggests, you can apply from anywhere at any time you like. For example, with Finserv Markets, all of you have to do is log on to the website, check your eligibility and apply online for a Bajaj Finserv Personal Loan. In contrast, when you with the offline method, you can only apply with a bank during its working hours.

You need to ensure that a bank official is present when you make the loan application.

Documentation Applying for a Personal loan online with a bank or a leading non-banking financial institutions (NBFCs) like Finserv Markets requires minimal documentation or paperwork.

What’s more? You can upload your documents for verification right then and there! There is no need for a hard copy submission whereas, in case of an offline application, you will be required to go to the bank and submit the documentation and then wait for some days for confirmation.

Comparison The big difference in online Bajaj Finance personal loan vs offline personal loan is the ease of comparison. When you apply online on, you can compare different lenders online and

understand the features offered by them. For an offline loan application, you will be required to scout the market for different lenders and understand their terms of the loan.

No additional charges With an online loan application, there is no scope for the agent to ask you to pay any additional charges. You have everything in the fine print and you will not have to make any additional payments for the processing of the loan.

Processing time There is a huge difference in processing time between an online and an offline application.

For online loan applications, the loan can be approved in no time. With leading NBFCs like Finserv Markets, your online loan application can be approved in just 3 minutes. Moreover, your loan amount will be credited to your bank account in 24 hours! However, in case of an offline application, the documents will have to be submitted in person and they will be verified before the loan application is approved. This means it will take a little longer than online processing.

Make the most of the changing technology and choose a convenient, hassle-free method when applying for the loan. If you compare both, you will understand that opting for an online loan is much easier and quicker.

Making an online or offline application is a personal choice and you need to consider the convenience it offers in addition to the urgency of the loan. If you do not want to waste any time at all, making an online application is highly recommended.

So why wait? Head over to our website and avail your Bajaj Finserv Personal Loan with Finserv Markets, today!