Pick up some time-keeping bling with the Great Indian Lifestyle Festival

Imagine having the purchasing power to buy luxurious watches for yourself and your loved ones. The delight and glee on their faces when they see the amazing gifts you have bought for them, is priceless. To amp up the excitement, Bajaj Finserv brings the Great Indian Lifestyle Festival to you. Partnering with watchmaking giant, Titan, Bajaj Finserv is offering you the opportunity to get amazing discounts on your next expensive watch purchase.

Here are all the details you should know about this amazing offer on expensive watches online.

How to Get Those Great Watches

Bajaj Finserv, one of the leading financiers in the country, has launched GILF, a sale where you can avail heavy discounts on your luxury watch purchase and also enter a contest to win some amazing gifts.

The first thing you need to do is avail of lifestyle finance from Bajaj Finserv. Once the loan has been approved, you can visit any outlet of the retail partner and buy watches on EMI. This simple procedure ensures your admission to the contest.

Apart from the discounts on your purchase, you also have a chance of winning some pretty sweet gifts. They include:

  • Up to INR 20,000 cashback daily
  • 18 PlayStation Portables
  • 4 Samsung LCD TVs
  • 1 Maruti Swift

Keep in mind that this offer is for a limited duration and your purchase will only be included in the contest if it’s made from 3rd July 2015 to 30th August 2015.

Why Bajaj Finserv?

A question swirling around in your mind would be why you should opt for Bajaj Finserv for finance on expensive watches? Well, the answer to this question is quite simple. Bajaj Finserv Lifestyle finance offers you easy approval for an amount up to INR 3 lakh and provides you with a convenient Existing Membership Identification (EMI) card. Using the EMI card you can purchase any luxurious watch by simply swiping your card and signing the receipt. Apart from this, the other major benefits provided by Bajaj Finserv are part prepayment facility, online account access, preapproved offers for existing customers, and minimal paperwork.On top of all this, the GILF, an initiative by Bajaj Finserv gives you the chance of availing considerable discounts and winning some amazing gifts. Considering all this, the question you should be asking instead is – “Why not Bajaj Finserv?”

One Simple Step to Win

There is one final step you have to take to officially enrol yourself in the contest. Once you have purchased an expensive watch from the retail partner and financed it through Bajaj Finserv’s interest free EMIs, simply answer this question:


Send in your replies to 9773633633 with the SMS “BAJAJ LIFESTYLE (your answer)”.

If it’s your lucky day, you just might win a brand new Maruti Swift.

Expensive watches in India have gained considerable popularity in the last few years and it’s understandable if you have a craving for wrist-mounted bling. Well, now you can indulge in their pleasure, thanks to the Great Indian Lifestyle Festival from Bajaj Finserv!

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The Great Indian Lifestyle Festival: Living made easy!

Give your home a brand new look with the Great Indian Lifestyle Festival from Bajaj Finserv. Once you are done with the purchase process the next step is furnishing your new home. But more often than not, you end up compromising on the look of your place due to a lack of funds. Not anymore!

With the amazing interest free EMI finance option offered by Bajaj Finserv you can breeze through all your furnishing needs. To top it off, Bajaj Finserv has partnered with retailers like Godrej, Titan, Lifestyle, Urban Ladder, Hindware and many more to bring you mind blowing discounts and marvellous gifts. Here’s what you need to know about this limited period offer:

Easy Finance with Bajaj Finserv

Why go for a full-blown loan for your home improvement project when you can opt for the quick Lifestyle EMI finance by Bajaj Finserv? Get a relatively hassle-free loan and purchase all the furniture, kitchen equipment, and fitness equipment that you desire. With features like easy loan approval for up to INR 3 lakh, instant approval, part prepayment facilities, and online account access, this offer is perfect for the cash-strapped renovator.

Bajaj Finserv provides you the revolutionary Existing Member Identification (EMI) card that allows you to purchase any lifestyle product by simply swiping the card and signing the receipt.

Opt for lifestyle finance from Bajaj Finserv and you also stand a chance to win some great gifts!

The Whole Story

To avail the offer, simply purchase home improvement items from a selection of retail partners and finance your purchase with the lifestyle EMI options from Bajaj Finserv. The process simply involves applying for an instant approval loan at Bajaj Finserv and checking out a pre-approved list of around 2000 stores spread across 32 cities. Purchase any lifestyle product from a partner store and pay using the EMI card. With this simple procedure you are officially a part of the scheme.

Apart from heavy discounts on lifestyle products, you might also win gifts like LCD TV, PlayStation Portable, INR 20,000 cashbacks and the bumper prize—a spanking new Maruti Swift-ZXI. Keep in mind that the Great Indian Lifestyle Festival is a limited-time offer and only lifestyle purchases made during the period from 3rd July 2015 to 30th August 2015 will be considered valid.

How to Stake Your Claim on Those Goodies

Once you have completed the aforementioned steps, the next thing to do is participate in a simple contest by Bajaj Finserv. Simply answer this question:


Send in your replies to 9773633633 with the SMS “BAJAJ LIFESTYLE (your answer)”.

Drop all your inhibitions about buying on EMI and get your hands on this fantastic opportunity. With the chance of getting great gifts every day, this is one offer you wouldn’t want to let go of!

<Click here to check your Home Loan eligibility>>

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Pre EMI vs. Full EMI

Consider that a newly married couple wants to purchase their first home in Nagpur. Since they are both working professionals, this couple can take advantage of a home loan. Further, they will face the option of repaying their loan wherein the decision factor remains on whether to opt for a Pre EMI vs. Full EMI. If the couple opts to invest in a newly developing property in Nagpur, then it is assumed that the property will not be ready for possession until 3-4 years of availing the home loan. Also, home loan interest rates within the market are always fluctuating which impacts the total amount of the loan. Therefore it is also imperative to understand the difference between Pre EMI and Full EMI at this point.

Let us explore how to make a choice when it comes to paying the loan sum in full equal monthly installments or through pre EMIs.

What is a full EMI?

In this option, the EMI is calculated solely based on the total loan amount. This is a fixed EMI scheme which will ensure that you repay the loan in a fixed period of time, say 20 years, no matter what the time taken for your project to be completed is. The delays in taking possession of your property have nothing to do with the payment of your loan EMI. Even though this EMI may start early, the good news is that the loan will also be repaid early!

What is pre EMI?

In the pre EMI method, you only have to pay the interest on the loan amount as long as, say, the construction of your home is ongoing. When it is complete, you can start repaying the actual loan amount. At first glance, pre-EMI sounds like the best EMI option and a less expensive way of repaying a loan. But there’s more than what meets the eye. In case of pre EMI, suppose the construction of your house takes 5 years to complete and your tenure is 25 years, then for the first 5 years you have to pay the interest on the loan. But for the next 25 years, you will be paying the loan amount. Hence, effectively, you will be repaying the loan for 30 years. Also, if the project is prolonged for more than 5 years, the tenure would increase as well, keeping you in debt for that period.

Let us see the difference between the two EMIs:

When it comes to calculating a home loan EMI, the methods differ for both. In case of full EMI payment, the EMI is calculated on the total sum amount that is loaned. While for pre EMI, the interest is calculated only on the amount that is disbursed. For instance, if the loan is a total of Rs. 20 lakh, and you receive 5 lakh at first, then you only have to pay the interest on Rs. 5 lakh. The real repayment of the loan starts once you have been disbursed the entire amount of Rs. 20 lakh.

Now that we have understood the difference between the two options, we must consider the interest rates and tax benefits associated with both options. While, one must do their homework on pre EMI interest rates and full EMI interest rates, both options are entitled to similar treatment when it comes to tax benefits i.e. neither will be entitled to a tax deduction.

So which is the best option? Considering all factors, it depends on your opportunity cost of cash used for payment. Here is a brief summary of what your options are:

  1. Taking a loan under the full EMI scheme is quite advantageous in the long run as you start repaying the loan from day one. This can, however, be quite tricky if your project gets extended, and you might inevitably end up paying more than what you loaned in the first place, resulting in loss.
  2. From an investment perspective, in the pre EMI method, you can invest the loaned money and the returns on this money can be used to repay the loan.

A good lending institution or bank will prepare you for what is to come in the future with regards to Full EMI vs. Pre EMI. Bajaj Finserv, a leading online lender helps with home loan applications and flexible repayment options.

<< Click here for instant approval on Home Loan >>

Home Loan or Loan Against Property

Home Loan or Loan Against Property?

A Home Loan is a loan that is advanced to you by a lender to assist you in buying a house. This amount needs to be repaid to your lender in monthly instalments.

If you apply for loan against property, you will receive a loan against the mortgage of your property. This means that your property is your security in the event that you are unable to pay back the loan. This loan is usually between 40% to 60% of your property’s value, and can sometimes go up to 70%. If you visit the website of Bajaj Finserv, you can take a Property Loan with benefits like EMI-free months and Zero-Penalty Foreclosures.

What’s Great About These Loans?

Home Loan:

  1. Your Capital Goes Up:

    Property prices in India have been skyrocketing over the past decade. Buying a home is the best investment you can make to tackle inflation, and ensure that you have a large reserve of funds in the future.

  2. Easy Interest Rates:

    Interest rate on Home Loan are much lower than most loans – anywhere between 9.50% to 13%. This makes repaying a Home Loan cheap and easy on your finances. To apply for Home Loan at lowest interest rate, visit the Bajaj Finserv website.

  3. Renting vs. Buying:

    Buying a house is expensive, but can prove to be profitable in the long run. Buying a house means paying EMIs every month, but with the surge in property values, you’ll have a valuable asset by the end of your loan tenure. If you rent a house, the increasing real estate prices will result in an increase in your monthly rental payments.

Home Loans are also quickly processed and disbursed, so you won’t have to deal with delays when you apply for this type of loan. You can apply online for Home Loan at Bajaj Finserv, or you can transfer your existing Home Loan!

Loan Against Property:

It’s your property: When you apply for loan against property, you still maintain ownership of your property. This means that you continue to live in your own home and make monthly loan payments to retain your ownership.

You can sell it if you want to: If you’re unable to make monthly payments or feel like you won’t be able to in the future, you could sell your property. Since the loan is only a percentage of your property’s value, you can repay the loan and be left with surplus funds.

Plot Loan Interest Rates:

The tenure for a property loan can be anywhere between 1 – 15 years. The average rate of interest lies between 12% and 17%. The combination of these factors ensures that property loans are easily repayable.

You Can Make More Money:

If you’re a businessman who has taken a plot loan in India, you can expand your business using your property. With rising property prices, you can refinance your property at a higher value, which will grant you an increase in your loan amount. Using the additional funds, you can work towards business expansion.

Both types of loans have benefits that make them ideal for different situations. If you’re looking to buy a house, availing a Home Loan would be the best option because it’s the reason that Home Loans are provided. If you’re in need of quick funds, taking a loan against your property is a good option. You can pledge your property as a collateral and use the funds for any activity you desire; the lender cannot question what you spend the money on.

It’s not hard to decide which of these loans to choose, because both these loans are utilised for completely different purposes.

Apply for Home Loan Online Check your Home Loan Eligibility

Buy yourself a beautiful Dining Table Set during The Great Indian Lifestyle Festival

Is your dining room missing a gorgeous dining table set? Where’s that centrepiece that will tie your dining room, and maybe even the whole house, together? These sets come in all shapes and sizes, so you’re bound to find the perfect set for your home.

It’s a major investment though, because well-crafted dining sets tend to be on the expensive side. What if there was a way you could get yourself a dining table set that would be the envy of your neighbourhood, while also being super affordable?

Well, there is!

Thanks to lifestyle finance from Bajaj Finserv’s , you can buy dining tables on EMI during the Great Indian Lifestyle Festival. Why is it a festival? Because you can get great offers on dining tables while also winning incredible prizes.

Let’s take a look at the details, shall we?

How Does Bajaj Finserv Make this Affordable?

Through EMI! When you buy your beautiful dining table set on EMI with Bajaj Finserv, you can pay for it over time with monthly payments that will fit perfectly into your budget.

Clearly, EMI payment options are not just for home loans and personal loans! Bajaj Finserv lets you buy dining table sets worth up to INR 3 lakhs. You can then pay the cost of your new dining set up to 24 months.

There are no hidden costs, so what you see is what you get. Apart from a nominal processing fee, you’ll be paying the exact cost of your dining set and nothing more. You can even pay off the cost of the table quickly with the part pre-payment option. Flexible, easy, and with zero stress.

Why You Should Buy Right Now

If you buy your dining set during the Great Indian Lifestyle Festival (between 1st July and 31st August), you can avail great offers on it. Besides this, you will also be in the running to win up to INR 20,000 cash back, 18 PlayStation Portables, 4 Samsung LED TVs, and a brand new Maruti Swift.

The best part is that the procedure to buy an amazing new dining table and become eligible for all these great offers is incredibly straightforward. No jumping through hoops here!

What Do I Have to Do?

Simply turn up at one of the stores affiliated with Bajaj Finserv, which you can find here. The in-store representative will walk you through the whole process and sign you up in only 5 minutes.

The documentation required is also minimal. It’s never been this easy to buy dining sets on EMI. You can make use of this offer at leading furniture stores like MoBLE, Estillo, and Fab Furnish.

Once you’ve made your purchase, you simply have to answer this simple question – THE GREAT INDIAN LIFESTYLE FESTIVAL IS CELEBRATED IN WHICH SEASON?

SMS BAJAJ LIFESTYLE (your answer) to 9773633633, and you’re all set to win great prizes.

Before you decide to buy your new dining table set online, go to one of the retailers who have partnered up with Bajaj Finserv and check out the wide range of dining sets on offer.

Happy shopping!

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Home Loan Sanction Letter

What is a Home Loan Sanction Letter and Why is It Important?

The process of getting a Home Loan is a long one, not only for you, but for the bank as well. Because of the importance of the whole process, it’s important that the bank’s intentions are clearly stated in a document of some sort, and that you read and fully understand it before signing on the dotted line. If you want to apply for a Home Loan in the most convenient way, apply online for Home Loan, with Bajaj Finserv. They only charge a 0.8% processing fee!

There is a document that helps you understand exactly what you’re getting into, and it’s called the Home Loan sanction letter. You’ve probably come across this term while doing your research. It’s clearly an important document, so, what is a Home Loan sanction letter?

When you take out your Home Loan, you’re making an important financial investment. The money involved is a vast amount, and so, you need to be aware of every little detail of the Home Loan sanctioning and disbursement process. This is the purpose that the Home Loan sanction letter serves.

What is the Home Loan Sanction Letter?

It is a formal acknowledgement from the bank stating that you’ve been found eligible for the Home Loan you’ve applied for. The letter indicates that the funds will be released to you as soon as the verification process is complete.

An important distinction that you need to understand is that the sanction letter is different from the final loan agreement that you will be signing. The sanction letter is simply the bank telling you that you are a suitable candidate for the loan.

The sanction letter has a validity of approximately 6 months. If the bank doesn’t finalise the loan within this period, you will have to be issued another letter.

What are the Contents of the Home Loan Sanction Letter?

What’s in this letter that makes it so important to the Home Loan process? It contains the following crucial information:

  • It states the loan amount that you have been approved for. If this is not the full amount you requested, you will know for sure at this stage that you need to produce the rest of the funds yourself.
  • It tells you what interest rate you have been given, and the type of interest rate whether it’s fixed or floating. Home Loan interest rates are a key factor that decide how much interest you will be paying over the course of the loan. Bajaj Finserv offers one of the lowest interest rates on Home Loans in India!
  • It also lets you know how long you have to repay the loan. This is also called the tenure of the loan.
  • The interest and the tenure of the loan determine the Equated Monthly Instalments (EMIs) that you will have to pay the bank. The letter also tells you of any pre-EMI charges that you’ll have to pay.
  • The period for which the letter is valid is stated.
  • The terms and conditions which you will have to follow are mentioned in the letter. Because of this, it’s very important that you read and fully understand everything in it.

When do You Receive The Letter?

The bank gives you the sanction letter after it examines all the documents that you have been asked to submit. The documents are examined to verify that you will be able to pay back the entire loan.

During this process, they take a look at your current income, your credit score, and the value of the property (both current and projected). Once they arrive at the conclusion that you will be able to keep up with the EMI payments, you will be sent the Home Loan sanction letter.

After you fulfil the conditions stated in the letter, the bank will get you to sign the final agreement, and you will receive the funds to purchase your home.

Check your Home Loan Eligibility Apply for Home Loan

What’s The Fastest Way To Get A Business Loan?

Every small business or startup require funds as it progresses. As the business grows, sales grow and more inventory is required. Further growth necessitates more expenditure on workspace, human resources, marketing, etc. On the other hand, unexpected expenses also commonly arise that require ready cash. For all these reasons, a business loan is the need of the hour. Getting a business loan is now easy with many banks, financial institutions and non-banking financial institutions providing small business loans in India. As a business owner, you can also think of raising a personal loan for business if the startup does not have the required history.

It is important to ensure that your business is well funded to enable it to take advantages of new business opportunities.

Here are various options for getting a business loan quickly and assess their viability too:

  • Use Your Pension Fund

A quick way to fund your business is by using money from your retirement fund. There is no need to approach a lender so the age of the business or the credit score of the business owner does not matter. This loan can be treated as an unsecured small business loan from the business owner and can be acquired easily. After all, it is the business owners’ money. For these loans there are no penalties or interest levied so the cost of using the money is the lowest. The major drawback to this unsecured small business loan is that the business owner is using money from his or her retirement fund. In case the business does not grow as planned or is unable to repay the personal loan to the business owner it can create havoc in the business owners’ retired life.

  • Use Credit Cards

A credit card is often the first place that most business owners look to for immediate purchases when they are strapped for cash. While the money is easily available, the credit card comes with high interest costs, which can cause a lot of stress to a startup. On the flip side, if the business needs to find a solution to its immediate cash crunch the credit card can be helpful. Responsible use of a credit card is also a great way to build a good credit score for the business.

  • Use Your Assets

If the business owner is a homeowner or if the business owns the premises that it operates out of, small business loan providers can use any of these assets to provide a low interest line of credit or loan depending on the business needs. Keep in mind that in case the business owners’ house is being used as collateral, and if business is unable to repay the loan the owner stands the risk of losing his house.

Also Read : What To Do, To Get An Online Business Loan

  • Borrow from loved ones

This is not the most business-minded strategy, but as a business owner you will be surprised how much faith your family and friends have in your business. Interest can range from 0% to a competitive rate depending on the lender. Typically, no security is required. This is perhaps the best way to find immediate cash even if it is for a short period of time. The problem with such funds is that there is no surety that the funds will be available when your business needs them. Some lenders may also be temperamental and assume that have a say in the way things are being run. So be careful when borrowing from friends and family.

  • Take a Business Loan

Consider getting a business loan from a bank or non-banking financial institution. Though most lenders have prerequisites such as the age of the business, profitability and cash flow, among others, most often you will not have a difficult time in getting a business loan. As long as you or the business has been maintaining a good credit score and has a good loan repayment history, getting a business loan will be an easy and convenient way to grow your business.

When your business needs immediate funds come home to the specialists. Modern lenders like Bajaj Finserv understand the needs of a small business and address the requirement of additional capital with the lowest interest rates and easy repayment and prepayment options.

From a hassle-free online application process and interest charged only on funds that are being used by you and not on the entire loan amount, applying for a business loan from Bajaj Finserv may be just what your business needs.

Apply for Business Loan Online Check your Business Loan Eligibility

The low-down on Personal Loans against Fixed Deposits

A fixed deposit is a popular method of saving money for a rainy day, not just in India, but all over the world. But sometimes you may reach that point where you have no other source of money other than the fixed deposit that you’ve saved for all those years. That’s when you should consider a personal loan against fixed deposits.

For those of you looking to pledge their FDs, here’s what you need to know about loans against fixed deposits in India.

An Enticing Rate of Interest

As you may already know, personal loans are unsecured, meaning that you don’t need to provide collateral to take out one. This is the chief reason behind their high interest rates, which range from anywhere between 14% and 24%. A personal loan against fixed deposits, on the other hand, is secured with the FD that you’re pledging. Lenders usually charge an interest rate that’s around 2% to 2.5% of the FD rate.

For instance, if your FD rate is 9%, then your loan against fixed deposit interest rate will be between 11% and 11.5% depending upon the lender you choose. At Bajaj Finserv, you can take a personal loan against fixed deposit at 2% above your existing FD interest rate. And this company doesn’t charge you a single penny if you decide to prepay part of your loan or foreclose it completely.

You Get a Loan Against Fixed Deposit Facility

Financial companies offer you a loan against fixed deposits. The limit for loans is usually set at 60% to 75% of the FD’s value. The best part is that you get charged on only the amount you choose to withdraw from the account. For instance, if you’ve taken a loan against your FD of INR 1,00,000, then you’ll be given a loan limit of INR 60,000 to INR 75,000.

Now if you use only INR 30,000 from your loan account, then you’ll be charged an interest only on that amount, for the duration of the time you’ve borrowed it. So if you withdraw INR 30,000 on the 1st of the month and repay it by the 13th, you’ll essentially be paying the interest for just the 13 days that you’ve used the money. This is one of the reasons why loans against fixed deposits are so popular amongst those seeking some extra cash flow.

If you’re looking to overcome a liquidity crunch yourself, then consider the Loan Against Fixed Deposit facility offered by Bajaj Finserv. With flexible repayment options, this company provides a loan amount that’s either 75% of the cumulative FD amount or 60% of the non-cumulative fixed deposit.

Once you fill in the single-page application form, your loan amount will be quickly disbursed. You can take a loan against any FD that you have at Bajaj Finserv, but only if it’s been more than 90 days since you opened the account.

A loan against fixed deposits can help you raise short-term funding for those critical times. And while applying for the loan, it’s important to select a trustworthy lender who can fulfil your expectations.

Apply for Personal Loan Check your Loan Eligibility Calculate Your EMI

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