Personal loan interest rates and applicable charges
शुल्क का प्रकार |
लागू शुल्क |
ब्याज दर |
11% से 35% प्रति वर्ष. |
प्रोसेसिंग फीस |
लोन राशि का 3.93% तक (लागू टैक्स सहित). |
| फ्लेक्सी शुल्क | टर्म लोन – लागू नहीं फ्लेक्सी वेरिएंट - लोन राशि से अग्रिम रूप से शुल्क काट लिया जाएगा (जैसा नीचे लागू है)
*उपरोक्त सभी फ्लेक्सी शुल्क में लागू टैक्स शामिल हैं *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
बाउंस होने पर लगने वाले शुल्क |
In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied. |
| प्री-पेमेंट शुल्क | पूरा प्री-पेमेंट
पार्ट प्री-पेमेंट
*Foreclosure will be processed post clearance of first EMI |
दंड ब्याज़ |
Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment. |
स्टाम्प ड्यूटी |
राज्य के कानूनों के अनुसार देय और लोन राशि से अग्रिम कटौती. |
| मैंडेट रजिस्ट्रेशन शुल्क | यूपीआई मैंडेट रजिस्ट्रेशन के मामले में रु. 1 (लागू टैक्स सहित) लागू. |
मैंडेट अस्वीकरण शुल्क |
नए मैंडेट के रजिस्ट्रेशन तक, कस्टमर के बैंक द्वारा अस्वीकार किए गए मैंडेट की देय तिथि के पहले महीने से रु. 450 प्रति माह. |
वार्षिक मेंटेनेंस शुल्क |
टर्म लोन: लागू नहीं फ्लेक्सी टर्म लोन (फ्लेक्सी ड्रॉपलाइन): ऐसे शुल्क लगाने की तिथि पर कुल निकासी योग्य राशि (पुनर्भुगतान शिड्यूल के अनुसार) के 0.295% तक (लागू टैक्स सहित). फ्लेक्सी हाइब्रिड लोन: शुरुआती अवधि के दौरान कुल निकासी योग्य राशि के 0.295% तक (लागू टैक्स सहित). बाद की अवधि के दौरान कुल निकासी योग्य राशि के 0.295% तक (लागू टैक्स सहित). |
| ब्रोकन पीरियड ब्याज़/ प्री-EMI ब्याज़ | ब्रोकन पीरियड ब्याज/प्री ईएमआई-ब्याज का अर्थ होगा लोन पर ब्याज की राशि, दोनों परिस्थितियों में चार्ज किए गए दिनों के लिए: परिस्थिति 1 – लोन डिस्बर्सल की तिथि से पहली ईएमआई चार्ज होने तक 30 दिनों से अधिक: इस परिस्थिति में, ब्रोकन पीरियड ब्याज को निम्नलिखित तरीकों से वसूल किया जाता है:
परिस्थिति 2 – लोन डिस्बर्सल की तिथि से पहली ईएमआई चार्ज होने तक 30 दिनों से कम: In this scenario, the interest rate is charged only for the actual number of days since the loan was disbursed. |
| स्विच करने का शुल्क | लोन राशि का 1.18% तक (लागू टैक्स सहित). Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable. |
*शर्तें लागू.
माइक्रो फाइनेंस लोन के लिए, कृपया नीचे दिए गए तथ्यों पर ध्यान दें:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 35%, and 34.45% per annum respectively. Part pre-payment and Foreclosure charges are NIL.
पर्सनल लोन के लिए कैसे अप्लाई करें
00:49
सामान्य प्रश्न
हां, पर्सनल लोन पर पार्ट-प्री-पेमेंट शुल्क लागू होते हैं. अगर आपके पास फ्लेक्सी लोन सुविधा है, तो पार्ट-प्री-पेमेंट शुल्क आपके लिए लागू नहीं होते हैं.
जब आप ईएमआई का भुगतान नहीं कर पाते हैं, तो आपसे बाउंस शुल्क लिया जाता है. प्रत्येक मिस्ड ईएमआई के लिए, बजाज फाइनेंस रु. 700 से रु. 1,200 (लागू टैक्स सहित) के बीच शुल्क लेता है. इसके अलावा, देरी से भुगतान या ईएमआई डिफॉल्ट की स्थिति में 3.50% की दर से दंड ब्याज लिया जाता है.
A Bajaj Finance Personal Loan is available to you at a competitive interest rate starting at 11%.
आप 6 महीनों से 96 महीनों के भीतर अपने पर्सनल लोन का भुगतान कर सकते हैं. इसलिए, आप अपनी ईएमआई को अधिकतम 8 वर्षों की अवधि में बांट सकते हैं.
The Reserve Bank of India (RBI) lends money to commercial banks at a repo rate. When the repo rate goes down, interest rates and EMIs for both individuals and banks tend to go down as well.
अगर आप फ्लोटिंग ब्याज दर चुनते हैं, तो रेपो रेट केवल पर्सनल लोन पर ब्याज दर को प्रभावित करती है. रेपो रेट में गिरावट, फिक्स्ड-रेट वाले पर्सनल लोन को प्रभावित नहीं करती है.
Interest on a personal loans can be calculated in two methods - flat rate and reducing rate:
- Flat rate: Here, the applicable rate of interest is charged on the entire loan principal throughout the loan tenure.
The formula for personal loan EMI calculation:
EMI = (principal + total interest payable) / tenure in months
जहां, कुल देय ब्याज़ = P x R x N/100. - Reducing rate: Here, the applicable rate of interest is chargeable on the outstanding principal after each EMI is paid off. Thus, the interest is calculated every month on the loan balance.
The formula for personal loan EMI calculation:
EMI = [P x r x (1 + r) ^n] / [(1 + r) ^(n-1)]
Here, 'P' is the principal amount, 'r' is the rate of interest, and 'n' is the tenure in months.
Use can you our interest rate calculator while planning for a personal loan. It allows you to know your repayment schedule and helps you make informed decisions.
Banks and financial institutions usually have a charge to process your loan application. These charges vary according to the lender. The fees and charges for our personal loan are clearly mentioned on this page and the final loan document. We advise you to read through them thoroughly before applying.
Low interest personal loans are the perfect solution for urgent financial needs. This will make it easier for you to make repayments. Here are a few factors that can help you find the best rate on a personal loan:
- अच्छा क्रेडिट स्कोर बनाए रखें
- बेस्ट ऑफर प्राप्त करने के लिए पर्सनल लोन की ब्याज दरों की तुलना करें
- सीज़नल ऑफर खोजें
- अपने नियोक्ता की विश्वसनीयता के आधार पर पात्रता पाएं
The interest rate on a personal loan varies depending on the borrower. Personal loan interest rates can be influenced by variables such as your age, credit score, monthly income, relationship with the lender, and so on. You can get a Bajaj Finance Personal Loan with competitive interest rates starting at 11%.
It is recommended to compare the rates offered by different lenders to find the best personal loan interest rate in India. When applying for a personal loan, keep in mind that interest rates are not the only factor to consider. Other aspects, such as processing fees, prepayment charges, loan tenure, and repayment flexibility, should also be considered to ensure that you choose a loan that best suits your needs and financial capabilities. With Bajaj Finance Limited, you can get a personal loan with an interest rate starting at 11%.
Besides the interest rate, lenders often impose other loan charges on personal loans. Common ones include processing fees, bounce charges, annual maintenance charges, and mandate registration charges. It is crucial to carefully review a lender's terms to understand the full scope of potential charges before taking out a personal loan.
The prepayment charges for loans are typically calculated as a percentage of the remaining loan balance or as a fixed amount. However, the exact calculation method varies between lenders. Bajaj Finance Limited levies a prepayment charge of up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as of the date of full prepayment, up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan repaid on the date of part-prepayment. However, if you use the Flexi Loan facility, the part-prepayment fees do not apply to you.
Your income plays a crucial role in determining your loan interest rate. A higher income often leads to a low-interest rate because it demonstrates your repayment capacity. Lenders use your income to assess the risk and decide on a favourable rate that aligns with your financial stability, potentially resulting in a lower interest rate.
Acquiring a personal loan with a low CIBIL Score can be challenging, as your credit score can influence your loan terms. Research extensively, and improve your creditworthiness over time to enhance your chances of securing a low-interest loan.
The requirements for a personal loan differ from lender to lender. Your CIBIL Score is one of the most critical elements that can influence your loan acceptance. It is recommended that you conduct research and meet all of the other eligibility criteria set by the lender. To be eligible for a Bajaj Finance Personal Loan, you must have a CIBIL score of 685 or above.
Your employment history significantly influences the interest rate of a personal loan. Stable employment demonstrates financial stability and lowers the risk for lenders, often resulting in more favourable rates. A longer and consistent work record could enhance your chances of securing a loan with lower interest.
In most situations, lenders are unable to change the interest rate on personal loans during the loan term. The interest rate is normally fixed from the start of the loan, providing repayment stability. However, it's advisable to review the loan agreement to confirm if any provisions exist that allow rate changes under specific circumstances.
Your risk tolerance and market forecast will influence your decision between fixed and fluctuating interest rates. Fixed rates provide stability, which is beneficial when interest rates are expected to climb. Floating rates might start low but rise over time. Consider your current financial situation as well as expected inflation patterns to determine which option is best for you in the fixed vs. floating interest rate debate.
The variable or floating interest rate fluctuates on a regular basis based on a predetermined benchmark, which is frequently connected to market conditions such as the prime rate or LIBOR. Changes are made at specified times, such as monthly, quarterly, or annually, as defined in the loan agreement, and may have an impact on the borrower’s repayment amount.
