Bajaj Finserv Personal Loan Interest Rates

Bajaj Finserv Personal Loan provides lowest interest rates on their personal loan. Bajaj Finserv Personal Loan Rate of Interest is lower than other banks and NBFCs. Your eligibility matters a lot in your Bajaj Finserv Personal Loan Interest Rates. If you have higher CIBIL Score that means your Bajaj Finserv Personal Loan Interest Rates will be low, but if you have lower CIBIL Score you’re Bajaj Finserv Personal Loan Interest Rates will be higher. To make you’re CIBIL Score higher and you’re Bajaj Finserv Personal Loan Interest Rates lower you should repay your loan on time.

Bajaj Finserv Personal Loan Interest Rates Calculator

Your Bajaj Finserv Personal Loan Interest Rates is calculated through your eligibility criteria. If you have higher eligibility criteria your Bajaj Finserv Personal Loan Interest Rates will be lower. And if you have lower Bajaj Finserv Personal Loan Eligibility Criteria your Bajaj Finserv Personal Loan Interest Rates will be higher.

Reducing Bajaj Finserv Personal Loan Interest Rates is not that hard, you just have to follow some rules; if you have higher credit score your Bajaj Finserv Personal Loan Interest Rates will be lower. So here are some factors which will affect your Bajaj Finserv Personal Loan Interest Rates.

• CIBIL Score

  CIBIL Score or Credit Score is the most important thing on your Bajaj Finserv Personal Loan Interest Rates. If you have high CIBIL Score that means your Bajaj Finserv Personal Loan Interest Rates will be low and if you have low CIBIL Score you’re Bajaj Finserv Personal Loan Interest Rates will be high. Your CIBIL Score depends on how you pay your personal loan. To make your CIBIL Score high you need to repay your personal loan on time. And you will get lower Bajaj Finserv Personal Loan Interest Rates.

• Applicant’s Age

  The applicant’s age is one of the most important in Bajaj Finserv Personal Loan Interest Rates. The age group for personal loan eligibility is 21 to 60 years old. The younger you are there are much chance that you will have a lower Bajaj Finserv Personal Loan Interest Rates. You will even get offers if you are applying for a personal loan in younger age. Your Bajaj Finserv Personal Loan Interest Rates will be much lower on younger age.

• Employment

  Your employment stability matters a lot on your Bajaj Finserv Personal Loan Interest Rates. If you are a salaried person your employer also matters as every financial institution have a company list and if your employer is in the CAT A list your Bajaj Finserv Personal Loan Interest Rates will be low. And if you are working there more than two years your Bajaj Finserv Personal Loan Interest Rates will be low. And if you are self-employed you must run your business at least for five years to have high personal loan eligibility. And if you are working with a top notch company you salary is also high and if you are in a high position that means you will have a bright career ahead so your Bajaj Finserv Personal Loan Interest Rates will be low.

• Existing Debt

  If you are someone who has existing debt on his neck your Bajaj Finserv Personal Loan Interest Rates can be higher. As you are already paying EMIs on those and if you are taking a new one this can be your liability and you won’t get any loan if your existing loans has already consumed 40% your monthly income. So it is advisable if you have any existing personal loan you can transfer the balance with the new one and can take a top up loan so your Bajaj Finserv Personal Loan Interest Rates can be lower.

• Geographic Location

  Geographical locations matters a lot on your Bajaj Finserv Personal Loan Interest Rates as if you are from metro city you will get lower Bajaj Finserv Personal Loan Interest Rates than someone from rural areas. Also some financial institution has red marked on some places so if you are from one of those places your Bajaj Finserv Personal Loan Interest Rates will be high.

• Housing Situation

  If you have your own house there are maximum chances that your Bajaj Finserv Personal Loan Interest Rates will be low and your personal loan will be approved but if you are living in a rental house your Bajaj Finserv Personal Loan Interest Rates will be high as your monthly income gets lower for that.