Bajaj FinServ (2024)

FAQs

Why is Amazon not accepting Bajaj Finserv? ›

What is the reason? Basis the directive received from Reserve Bank of India (“RBI”) vide its Press Release No. 2023-2024/ 1295 dated November 15, 2023 (“Press Release”), Bajaj Finance Limited has temporarily suspended sanction and disbursal of new loans under 'Ecommerce' like Amazon, Flipkart, MakeMyTrip, etc.

While the minimum CIBIL Score required for the Bajaj Finserv Insta EMI Card is 720, you should aim to fortify your creditworthiness by aiming for a score of 750 or more. The general consensus among lenders is that a score within the range of 750–900 is excellent.

Is a Bajaj Finserv loan safe? Yes, a Bajaj Finserv loan is a safe loan to borrow as Bajaj Finserv follows strict lending guidelines. Bajaj Finserv offers ample features through its secured and unsecured offerings and doesn't levy any hidden charges.

Bajaj Finserv has low foreclosure and pre-payment charges that make this step affordable. You have to only ensure that the part pre-payment amount is greater than the value of one EMI. Fast approval, a high loan amount and flexible repayment modes make a personal loan from Bajaj Finserv better than the rest.

Synopsis. Bajaj Finance shares dropped on BSE as investors reacted negatively to Q4 results. Motilal Oswal downgrades the stock to neutral rating citing weak FY25 guidance. Concerns include new product segments like cars, tractors, CVs, and potentially MFI.

RBI lifts the restrictions

On May 2nd, 2024, Bajaj Finance announced that the RBI had lifted the restrictions on their Insta EMI Card and eCOM platform. This suggests that Bajaj Finance has addressed the concerns raised by the RBI.

Depending on several factors, the limit on the Bajaj Finserv EMI Network Card can range up to ₹3 Lakhs. This allows you to buy big-ticket items even if they do not fit your budget immediately. Leveraging the no-cost facility, you can also evade any additional cost or interest.

A credit score of 650 is normally considered in acceptable to good range, depending on the scoring algorithm employed by the lender. While it may not be regarded as exceptional, many lenders see it favorably.

Shop all you want with zero downpayment - Bajaj Finserv.

Why is Bajaj Finserv successful? ›

One of Bajaj Finserv's most outstanding achievements is its innovative suite of financial products. They introduced the concept of the Bajaj Finserv EMI Network Card, which allows customers to convert their purchases into easy EMIs at more than 1 lakh partner stores across India.

We may levy Bounce Charges, or Late Payment charges, if a borrower's EMI payments are irregular, as per our discretion. To know more about the applicability of these charges, click here. Borrowers should be cautious about avoiding this fee, as delayed payments can have a considerable impact on their CIBIL score.

Bajaj Group

Bajaj Finserv Ltd. / Parent organization

With Bajaj Finserv Personal Loan, you do not have to worry about any hidden fees or charges. 11% to 35% p.a. Up to 3.93% of the loan amount (inclusive of applicable taxes). *Loan amount includes approved loan amount, insurance premium, and VAS charges.

Here are some of the benefits of availing of a Bajaj Finserv Business Loan: Flexi loan facility – Reduce EMIs by up to 45%*, withdraw money when you need it, and prepay when you can with our Flexi loan facility. High loan amount – Get an ample sum up to Rs. 75 lakh for your business needs.

Yes, you can buy mobile phones on Amazon in instalments thanks to the Bajaj Finserv Insta EMI Card. How to avail mobile on Amazon on EMI using Insta EMI Card? Simply use your Bajaj Finserv Insta EMI Card to purchase your preferred mobile on Amazon in easy monthly instalments.

Have you exceeded your credit limit? Did you enter your credit card number, credit card expiration date, billing address, and phone number correctly in Your Account? Is your purchase outside of your normal spending range? Some banks will block transactions due to security concerns.

It is possible that your Bajaj EMI card may not be eligible for online transactions due to a variety of reasons. It could be that the card has expired, or that the card has been blocked due to suspicious activity.

When you fail to pay your EMIs on time, or there is a dip in your CIBIL score, the issuer may block the card. To unblock your Bajaj Finserv Insta EMI Card through customer care, here are the steps you need to follow: Call the customer care helpline number at 0869 801 0101.