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Bajaj Finserv was founded in April 2007. It runs the core businesses of lending, protection and savings. Bajaj Finance Limited (BFL) is the lending company that participates in the financial business and is listed on the Stock Exchange.

A credit card is a tool that allows an individual to make purchases by borrowing from a bank. The individual can then repay the due amount within a grace period of 25 to 30 days. This allows a person to buy now and pay later, thereby making it convenient and affordable at the moment.

Yes, you can get an educational loan of up to Rs.80 Lakhs to pursue MBBS in India. These are mostly secured loans that require you to pledge equivalent collateral. 

Interest rate is a major concern when one tries to take any loan. Getting a low interest loan partially depends on the borrower’s credit profile and partially the lender’s lending rates. As gold loan is a secured loan, it is possible to get a low interest than many other loans. For example, a personal loan will have higher interest rate than any other loans in the market.

A home loan balance transfer is very beneficial if the interest rate provided by your new lender is much lower and if you have a long tenure for your current home loan left. If the interest rates vary mildly or if your loan tenure is going to end soon, then it might not be very advantageous as you will need to pay a processing fee and other small charges, thereby increasing the cost of the home loan balance transfer.

No, you cannot transfer your home loan from one property to another in India. If you have taken a loan for one particular property, it is not possible to shift it to another property that you wish to buy.

There are many banks and Non-Banking Financial Companies (NBFCs) that provide car loans to their customers. Car loans are opted for by many individuals to help fulfil their desires of wanting to own a car to travel in the city. A car is considered a luxury and not many individuals can afford to buy a car in one shot as it can take a toll on one’s savings, thereby not allowing him/her to focus on other financial needs.

In most cases, pre-payment on a car loan comes with a penalty charge. Some banks such as HDFC Bank have a lock in period which is usually around 6 months for a car loan, before which, pre-payment to close the loan is not possible. After the lock in period, one can make a pre-payment to close out his/her car loan, but it will attract a certain amount of pre-payment charges.

Loan against car is when a bank or Non-Banking Financial Company (NBFC) provides a loan amount against one’s car. The car is given as security for the loan amount and will be returned to the customer when the loan is repaid in full. If one defaults on payments or does not repay the loan amount, the lender has the rights to sell the car to settle the loan amount for the same.

If you have received a car loan from a particular lender, you will need to repay it in full over the chosen tenure or it can negatively impact your credit score. A low credit score can lead to loan and credit card rejections in the future, thereby, making the availing of credit products very difficult.

You can only transfer your home loan to another bank any time after the lock in period ends for the same. The lock in period for a home loan usually ranges from 6 months to 1 year. You can check with the lender you have borrowed from regarding the lock in period for the same. This process of transferring your home loan to another bank is known as a home loan balance transfer and can help you save on EMIs in the long run.

There are many banks that provide a large loan amount for domestic education. For example, ICICI Bank offers up to Rs.50 lakhs for education within India. So, all your education expenses can be met by taking a loan from just one bank. Also, above a certain loan amount, collateral is required for an education loan. In most cases, the banks usually make a DD towards the university or college that you are getting admitted into. The loan amount cannot be used for personal purposes as it does not come to one’s saving account.

Availing a car loan or choosing to self-finance the entire expense a car have their own advantages and disadvantages. One can choose based on their personal financial needs and requirements as to what is better suited.

There are many banks that offer car loans to individuals to help them afford their dream cars with ease. The interest rates that are offered by banks for car loans are very competitive and very attractive for the customers as there are a great variety of banks and even Non-Banking Financial Companies (NBFCs) to choose from.

If you have taken a car loan and are looking to get out of the car loan as soon as possible, there are a few options that can help. But, all the options will involve repaying the loan as defaulting on loan payments can negatively impact your credit score. A low credit score will then lead to loan rejections in the future.

In most cases, the minimum age to get a car loan is 21 years, but some banks and Non-Banking Financial Companies (NBFCs) have a minimum eligibility age of 18 years. So, if you are above 18 years of age, you can apply for a car loan to buy a car.

If you are looking for a car loan, there are many factors to consider such as the loan amount, the tenure, the interest rates, the EMI repayment options and other additional features on the car loan.

Yes, an auto loan is meant to help one finance a car. There are several banks and Non-Banking Financial Companies (NBFCs) that provide auto loans to their customers so that they can afford their dream cars with ease. Most lenders finance 100% of the car’s on road price and this is very beneficial for individuals who require a large loan amount for their car.

Yes, a student can get a car loan, but it can be a little difficult. There are many banks and Non-Banking Financial Companies that are willing to lend, provided there are a few criteria that are met by the student for the car loan. 

The interest rates for a car loan do not depend on the loan tenure. But, the longer the tenure, the more is the outflow of money towards the paying of the interest. If you opt for a shorter tenure, then the total outflow of money towards the paying of the interest will be much lower.

A loan against property is when one pledges his/her commercial or residential property as collateral for the loan amount. About 60% to 70% of the property’s value is given to the customer as the loan amount.