Hello Harish, I took a personal loan from Bajaj a couple of months ago. Before taking the loan, I inquired about the fees incurred during the loan sanction. So, I’ll be able to tell you the Bajaj Finance processing fee for personal loan. The processing fee charged by Bajaj Finserv is 3.93 percent of the approved loan amount. The loan amount comprises the approved loan amount, VAS charges and the insurance premium. Apart from this, there are other charges associated with the personal loan. So, I believe it’d be helpful to share them below.
What is the Bajaj Finance Personal Loan Processing Fee?
Now that you know the processing fee, which is 3.93 percent, there is also a flexi fee on the flexi variant, which changes based on the loan amount that has been approved by Bajaj. I have mentioned it below.
Flexi Fee |
Loan Amount |
Up to Rs. 1,999 |
Loan amount less than Rs. 2 lakhs |
Up to Rs. 3,999 |
Loan amount between Rs. 2 lakhs to 3,99,999 |
Up to Rs. 5,999 |
Loan amount between Rs. 4 lakhs to 5,99,999 |
Up to Rs. 7,999 |
Loan amount between Rs. 6 lakhs to 9,99,999 |
Up to Rs. 8,999 |
Loan amount between Rs. 10 lakhs to 14,99,999 |
Up to Rs. 9,999 |
Loan amount between Rs. 15 lakhs to 19,99,999 |
Up to Rs. 10,999 |
Loan amount between Rs. 20 lakhs to 24,99,999 |
Up to Rs. 11,999 |
Loan amount between Rs. 25 lakhs to 29,99,999 |
Up to Rs. 12,999 |
Loan amount of Rs. 30 lakhs and more |
This is all about the processing fee for personal loan in Bajaj Finance.
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Bajaj Finance processing fee for personal loan is often computed as a percentage of the loan balance. These fees are assessed by lenders in order to defray the expense of handling loan applications. Lenders may have different percentages, and the exact % may also depend on the applicant's creditworthiness, the type of loan, and the loan amount.
What is the Bajaj Finance Personal Loan Processing Fee?
Usually, depending on the applicant's credit history, Bajaj Finance loan processing fee might reach up to 3.93% of the amount approved. The ROI ranges from 11% to 38% pa.
Can I Avoid Bajaj Finserv Personal Loan Processing Fee?
While processing fees are a common charge collected by lenders to cover administrative costs, they might be difficult to avoid when taking out a personal loan. Researching loan possibilities, haggling over terms, and asking about possible discounts or fee exemptions are all advised.
Hope this information helps you understand the processing fee for personal loan in Bajaj Finance.
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Authors Of The Question
What is the Bajaj Finance Processing Fee for Personal Loan?
Harish
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2 Answers
7 months
2024-05-07T08:13:03+00:00 2024-05-07T08:13:16+00:00Comment
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