Bajaj Finserv offers a comprehensive instant personal loan solution for borrowers across India. This app enables you to get loans starting from ₹40,000 and going up to a massive ₹55 Lakh, catering to diverse financial needs for salaried, self-employed, and professionals.

Interest rates range from 10% to 31% per annum, with repayment terms available between 12 and 96 months. The processing fee can be up to 3.93% of the loan amount, inclusive of all taxes. For a quick example: borrowing ₹1 Lakh at 15% interest for 12 months, with current fees, results in total repayments of approximately ₹1,12,340. This gives you a transparent preview of your financial obligations with Bajaj Finserv.

How to Apply for a Bajaj Finserv Loan

1. Download and register on the Bajaj Finserv UPI & Loan App.
2. Complete the KYC and provide necessary documentation online.
3. Select your preferred loan product and enter the required loan amount and tenure.
4. Submit your application and track its status directly from the app.
5. On approval, the loan amount is transferred to your bank account quickly.

Key Advantages

The application process is quick and digital, offering a hassle-free experience. Applicants can check their eligibility, receive instant offers, and even calculate EMIs within the app.

Personal and business applicants alike can benefit, as there are dedicated loan options for doctors, CAs, and entrepreneurs. The flexible loan tenures and diverse loan amounts make it highly adaptable to individual needs.

Possible Concerns

Some users have reported slow app performance and delays in features such as cashback credit. Additionally, customer support for issues like EMI card blocking or app updates may take time to resolve.

Another drawback for some is the relatively higher interest rates at the upper end and processing fees, particularly for short-term loans or higher risk profiles. Reading the terms in detail is essential.

Verdict: Is Bajaj Finserv the Right Choice?

Bajaj Finserv’s loan platform is ideal for Indian users seeking a digital-first lending solution with substantial loan amounts and flexible terms. Despite occasional app slowdowns, its transparency, product diversity, and efficient approvals make it a credible option for many borrowers.