Bajaj Finserv Consumer Durables Finance | Features | Documents | Fees & Charges
With the 0% interest Consumer Durables Finance from Bajaj Finserv Lending, you don’t have to pay any interest whatsoever on the loan amount opted for. Simply divide the total amount of purchase with the loan tenor opted for, pay a few installments upfront along with a nominal processing fee and off you go with your favourite consumer durable. There are no hidden charges whatosever.
Products Covered:
LED/LCD/CTV, Washing Machines, Microwave Ovens, Refrigerators, Cameras/Camcorders,
Dishwashers, Generators, Cooking Range products, Dryers, Laptops (Select), Air purifiers / Water Purifiers / R.O., Music Systems, Inverters, Air conditioners etc.
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Features and Benefits
- Loan amounts of up to Rs.5 lacs: You can get up to 5 lacs at 0% towards the purchase of your favourite consumer durable
- Instant and on the spot approval: you can get instant approval in 3 mins. All you need is basic documents like a PAN card, Driving license etc and a few details.
- Minimal documentation: All you need is a few documents like PAN card, driving license etc and basic information to be filled in the loan application form.
- Part Prepayment facility: you can prepay upto 6 times in a calendar year at any interval with the minimum amount per prepay transaction being not less than 3 EMIs.
- Preapproved offers: As our existing privileged customer, you will get special pre-approved offers from time to time.
Eligibility and Documents
You are a salaried person and between 21 years and 60 years of age
You are a Self employed professional and between between 21 years and 65 years of age
| Documents required | Salaried | Self Employed |
| Photo Id Proof | Yes | Yes |
| Residence proof | Yes | Yes |
| One cancelled cheque in case of ECS | Yes | Yes |
| Credit program specific documents (Any one of the following) | ||
| Credit card front side photocopy | Yes | Yes |
| Visiting card & Employee Id proof | Yes | |
| Photocopy of RC book (Not applicable for vehicles registered after 2004 & commercial cars) |
Yes | Yes |
| Bajaj Finserv Lending existing loan repayment Loan Account Number / Schedule (subject to not later than 18 months old) | Yes | Yes |
| Any other Bank/NBFC repayment schedule | Yes | Yes |
| Latest salary slip | Yes | |
| Banking details (latest 6 months) account type- OD/ CC | Yes | |
Fees and Charges
| Amount Financed Slab | Processing Fees |
| Upto 15000/- | Rs.499/- to Rs.599/-* |
| Between Rs.15001/- & upto Rs.30,000/-* | Rs.599/- to Rs.699/- |
| Rs.30,001/- & above | Rs.699/- to Rs.799/-* |
| Other Charges | Amount |
| Foreclosure Charges ** | NIL |
| PDC Swapping | Rs. 500 |
| Bounce Charges | Cheque Bounce – Rs. 350 per cheque Late payment penalty – Rs. 150 |
* Subject to change at any time depending on the product.
**Applicable following 1st EMI is clearance
