Bajaj Finserv Loans, UPI & FD vs Buddy Loan: Personal Loan Usage & Stats

The Bajaj Finserv App is trusted by 50 million+ customers across India for their financial & payment needs. Using this app, you can apply online for a set of loans including personal loan, home loan, gold loan, professional loan etc, and fulfil your requirements. You can shop offline from 1 million+ products on No-cost EMIs, invest in FDs, get insurance & do much more. You can also easily pay all your utility bills, recharge your mobile, DTH services & transfer money using BHIM UPI. Instant Personal Loan App • Get instant personal loans up to ₹40 Lakh with this loan app. • Doctors & Chartered Accountants can get funding via professional loans. • Self-employed individuals can get affordable business loans. Highlights of Personal Loan • Finance Amount: ₹20,000 to ₹40 Lakh • Repayment Tenure: 12 to 96 months • Rate of Interest / Annual Percentage Rate (APR): 11% to 34% • Processing Fees: up to 3.93% of the disbursed amount (including taxes) For ₹1,00,000 borrowed at an interest rate of 2% p.m. for 12 months (interest rate on reducing balance method), the payable amount would be: Processing fee* ₹3930, Other charges ₹100, Interest ₹13,472. The total amount to be repaid after a year will be ₹1,17,542. *Interest rate and processing fees vary as per the products. Shop on No Cost EMIs • Shop from 1 million+ products at 1.5 lakh+ stores across India. • From electronics to sports equipment to smartphones to furniture - shop everything on No-cost EMIs. • Shop genuine products from top brands with exciting offers and discounts. • Enjoy free home delivery on selected products. Recharge & Bill Payments in One Place • Pay all your utility bills such as water, LPG, electricity, etc. online using the Bajaj Finserv app. • Recharge your mobile numbers, DTH & FASTag from leading providers. • Instantly pay fees towards education, clubs & associations, housing societies, etc. • Earn exciting cashback when you pay using Bajaj Pay UPI & use it for future bill payments. Payments Simplified with BHIM UPI App • Create your unique Bajaj Pay UPI ID, enjoy UPI offers & send/receive money, or pay bills by scanning any QR code & authorize your UPI payments by entering the UPI PIN. • Add money to your Bajaj Pay Wallet & make payments in seconds. Earn as You Spend with Credit Cards • Apply for the Bajaj Finserv RBL Bank Credit Card or Bajaj Finserv DBS Bank Credit Card in a few steps. • Get reward points on your spending & enjoy perks such as free cash withdrawal, fuel surcharge waiver, airport lounge access, and more. Invest with Ease in Fixed Deposits • Get high ROI on fresh FDs and renewal of existing FDs. • Enjoy special rates on Digital FD through the app. • You can start investing in FD online for just ₹15,000 and get a loan against it. • You can also invest in the Bajaj Finance Systematic Deposit Plan with just ₹5,000. • Secure your savings with high-yield FD. Mutual Funds for Everyone • Invest in Mutual Funds with as low as ₹100 with this Top Mutual Fund App. • You can invest in any Mutual Fund via monthly SIPs or pay a lumpsum. • Pay monthly mutual fund investment via UPI. • Make the most of your investment by paying 0% distributor commission. Insurance for Every Need • The Bajaj Finserv app offers 300+ plans for Health Insurance, Motor Insurance, Pocket Insurance, and more. • Getting insurance is even easier with a 100% digital process. One App for All Needs • Fulfill your shopping and travel needs on one platform with 100+ brand partners. Features • Find all your financial transactions in one place • Calculate your EMIs for your preferred tenure using the EMI Calculator • Check your CIBIL score and get the credit health report online • Download your loan account statements • Get quick assistance & timely resolution for your queries.