Overseas education, vacation, wedding, home renovation… The needs can be many but the solution is one—money. How do you arrange for it? You can use your savings or pledge your assets to get a loan. But it can be very time-consuming and involve a lot of paperwork. And when your assets are at stake, you worry yourself sick until you repay the loan.
But wait! With Bajaj Finserv at your service, you can avoid all these hardships. You get a Personal Loan at the click of a button. Besides, there is no need to pledge any collateral. A salary income may be useful, though. To know in detail about the terms and conditions of application, log on to the Bajaj Finserv website. The application process is quite easy. There are many reasons that make Bajaj Finserv more popular than other lenders. Here are some of these:
Bajaj Finserv makes the loan application process simple, fast, and convenient. You need not go through the hassles of paperwork. Just apply online for the Personal Loan on the Bajaj Finserv website. Enter the details and upload the required documents.
The loan application form can verify your identity from the Aadhaar database. Upon verification of your details and documents, the loan approval takes five minutes. The lender disburses the loan within 48 hours of approval. This is the fastest turnaround time in the lending industry.
Bajaj Finserv verifies the CIBIL score of every individual. A CIBIL score above 750 increases the chances of your Personal Loan approval. A few applicants with CIBIL score below 750 may even get a loan approval. But they must fulfil certain other criteria.
How Much Credit Can You Enjoy?
All your needs may not be alike. Some needs call for a big amount. Bajaj Finserv can offer you Personal Loans amounting up to Rs. 25 lakh. A few loyal customers can avail of pre-approved Personal Loan offers from Bajaj Finserv. The repayment period can vary between 24 and 60 months. This wide range makes Bajaj Finserv a popular choice.
Bajaj Finserv updates the lowest net salary needed for a loan on its website regularly. The smallest requirement varies from one city to another. Just check the criteria for Personal Loans on their website. The extensive network of Bajaj Finserv is not restricted to the bigger towns. It covers smaller towns across India as well. These include Nasik, Vijayawada, Thiruvananthapuram, Bhopal, Vapi, and Surat. This is another advantage that Bajaj Finserv has over other lenders.
A job promotion or a job change can leave you with some extra cash. This can be useful for loan prepayment. You can prepay the loan in parts once you clear the first EMI. The smallest transaction amount is thrice that of an EMI. But there is no limit for the largest transaction amount. You can carry out six prepayment transactions in a financial year. Your convenience dictates how you prepay.
Attractive Interest Rate
Bajaj Finserv charges an attractive interest rate on Personal Loans. It is in the range of 11.45–15.6%. Apart from the interest rate, there are loan processing charges. This amounts to about 2% of the loan amount. Keep checking the Bajaj Finserv website for any changes.
The flexi-loan is a unique credit line facility Bajaj Finserv offers. It allows you to choose the loan amount in different stages of your life. You may take a flexi-loan for anything, from a vacation to a wedding. Choose according to your needs. You can withdraw several times with a single approval under this credit facility. You can prepay whenever you have surplus cash. There is no extra charge. This is one more reason why Bajaj Finserv is popular with borrowers.
To sum up, your needs keep adding up as you move on in life. And Bajaj Finserv can always help you fulfil them one by one. This makes it one of the most popular lenders today for Personal Loans.