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Business News/ Brand Post / Bajaj Finserv offers instant personal loan to solve your financial issues
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BRAND POST

Bajaj Finserv offers instant personal loan to solve your financial issues

It offers instant personal loans to individuals, helping them with immediate financial backing that can be used to tackle any unforeseen emergencies.

Bajaj Finserv is available for eligible customers only; these include applicants who qualify the conditions mentioned below.Premium
Bajaj Finserv is available for eligible customers only; these include applicants who qualify the conditions mentioned below.

Customers prefer to avail a fast personal loan to mitigate their short-term, emergency financial requirements. The ease of application and borrower-friendly policies ensure instant approval and disbursement, easy repayment, and several other benefits that allow a borrower to utilise the sum according to their requirement.

NBFCs like Bajaj Finserv offer instant personal loans to individuals, helping them with immediate financial backing that can be used to tackle any unforeseen emergencies.

Subsequently, Bajaj Finserv Personal Loan is available for eligible customers only; these include applicants who qualify the conditions mentioned below.

Eligibility Criteria to get Personal Loan

− Customers must be an Indian resident between 23 and 55 years of age.

− Borrowers should be working at a reputed MNC, private, or public firm with a salary that matches a threshold established by the lender. The minimum salary of an applicant depends upon their city of residence.

− An individual must have a CIBIL score of 750 and above.

Documents Required for Personal Loan

Bajaj Finserv offers personal loans to borrowers that need emergency funds. However, they need to evaluate the loan application before approving it, and hence customers need to produce the following documents required for Bajaj Finserv personal loan in support of their application.

− KYC documents such as Aadhaar card, voter ID, PAN card, driving license, passport, etc.

− Proof of employment, for example, the ID card issued by the employer.

− Last 2 months salary slip.

− Last 3 month bank account statement of salary account.

Features and Benefits Offered

Customers can quickly get the loan amount to tackle any financial emergencies. Bajaj Finserv helps customers meet the financial troubles conveniently thanks to numerous personal loan features and benefits offered. Some of those are mentioned below.

High-value loan

Bajaj Finserv offers a quick personal loan of up to Rs.25 lakh to customers that qualify the eligibility conditions specified by them. Individuals should try and improve their CIBIL score and provide proof of income from all sources to receive a higher sanctioned amount.

Flexible tenor

Flexible loan tenor allows an individual to pay-off the loan according to their repayment capability. Opting for a longer tenor will help customers reduce the Equated Monthly Instalments (EMIs), helping them repay the fast personal loan conveniently. Customers that have several fixed financial obligations should opt for a longer tenor to repay the debt.

Individuals that want to pay off the debt quickly should opt for a shorter value of tenor. It will increase the sum paid as EMIs; however, it will lower the total cost of repayment.

EMI calculator

Bajaj Finserv offers online financial tools like EMI calculator to help customers manage their personal loan EMI repayment efficiently. They can compute the value of EMI they have to pay for a particular loan amount and tenor at the offered rate of interest. It saves them from the hassles of calculating it manually or face any mistakes in the calculation.

Individuals only need to input the loan amount, tenor, and rate of interest to check the values of loan EMI, total interest payable, and total amount repayable (inclusive of interest) for a debt.

Loan eligibility calculator

Bajaj Finserv also offers an eligibility calculator that helps them evaluate whether they are eligible or not for a particular credit. Individuals can utilise the calculator by providing their personal details, like residence, date of birth, monthly income, and monthly expense, and can check the amount they are eligible.

Ease in application

Non-Banking Financial Companies like Bajaj Finserv makes the loan application procedure simpler with their pre-approved loan offer. Such offers are available in several secured and unsecured financial products such as personal loans, home loans, and business loans. Customers can check their pre-approved offers by inputting their name and contact number.

Quick processing

Individuals can avail a fast personal loan from Bajaj Finserv as the application is processed instantly and the loan amount is disbursed to the customer within 24 hours of approval.

Flexi loan facility

Customers can choose the flexi loan feature offered by Bajaj Finserv and borrow the amount as per their convenience. This helps them save substantially on the EMIs, as the total outgo of loan is reduced.

With such features and benefits, Bajaj Finserv extends financial assistance to eligible customers so that they acquire fast personal loan at times of need. Customers can expect quick disbursal of funds and assured loan repayment. This will not only help them acquire emergency funds but will also help in making sound financial decisions.

Disclaimer: This content is distributed by Bajaj Finserv. No HT Group journalist is involved in the creation of this content.

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Published: 20 Feb 2020, 03:30 PM IST
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