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Interest Rate
Women - No Special rate
Company Specific Rates available
PROCESSING FEE
Upto 3% per annum of loan amount plus GST
Max Tenure
5 Years, however it does not extend beyond retirement age or 60 years of age, whichever is earlier.(65 years of age for self employed)
Credit Score
Good (700+) - You should not have defaulted on a Personal Loan EMI for more than 30 days in the last 1 year
Special Offers
Doorstep Service from Chqbook
Pre-Payment Conditions
The waiver, if any, of the prepayment charges will be applicable provided:
The customer has paid 12 or more EMIs and
The pre-payment of the loan is done using customer?s own funds (Waiver on pre-payment charges is not applicable in cases of balance transfer)
No prepayment within 6 months from 1st disbursement
4% of principal outstanding plus GST
Documents Required
Salaried/ SEP
KYC
Last 2 months' salary slips ( 6 months if variable components form part of salary)
Latest Form 16 if salary is less than INR 20000/month
Copy of bank statement for last 3 months
company profile if lesser known organisation
Self Employed
Last 2 ITRs with computation of income along with Balance Sheet and Profit & Loss Account duly attested by a Chartered Accountant
Business Profile
Bank Statement for last 6 months (SB & CA & OD)
Copy of any license/ registration or old ITRs evidencing business
Copy of Partnership Deed
MOA, AOA (if any)
Form 16A (if any)
Details of Contract (if any)
Challan of Advance tax paid/ Self assessment Tax paid
Loan Closure Conditions
Loan can be closed anytime after 6 months of first disbursement
Closure Process
For prepayment, visit the nearest Bajaj branch and carry with you the following documents to complete the process:
Request Letter signed by the loan applicant
PAN Card (if the mode of payment is cash and the amount is more than Rs.50,000)
Payment can be made through cash, cheque or demand draft.
Features
Get your personal loan approved without a guarantor or any collateral
Fixed rate of Interest, Interest charged on monthly reducing basis
Hassle-free processes with easy to meet eligibility criteria, and minimal documentation