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5 Distinct Ways a Personal Loan Can Help You

By Bajaj Markets - Dec 30,2019
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Personal loan

In our society, taking a loan is only considered to be a decision you make when you are in dire need of money. However, contrary to popular belief, loans, especially personal loans, are designed to serve a variety of purposes.

Personal loans are extremely versatile and are designed to address a myriad of financial needs that may arise in a household. You can fill the shortfall between what you have and what you need by applying for a personal loan. For instance, you can choose to avail a personal loan on Finserv MARKETS and get instantaneous approval.

Since personal loans are unsecured loans, one does not need collateral to be able to avail it. Therefore, the process is seamless and swift enough to fund your financial requirements in the near future.

Personal loan

Here are five distinct ways in which personal loan can help you:

  1. Fund your child’s education abroad

Personal loans can be utilized for a variety of financial needs and utilizing it for educational purposes has become increasingly popular. With the Bajaj Finserv Personal Loans on Finserv MARKETS, you can get personal loans of up to Rs. 25 lakhs, a substantive amount which can be a great way to fund the expensive higher education of your child in a prestigious university in India or abroad.

  1. Take a lavish trip

If the globetrotter in you wants to embark on a sudden adventure, there should be no room for worrying about money. From exploring the seemingly infinite sand dunes in the Rann of Kutch to the sun, sand and sea in evergreen Maldives, you can make use of that personal loan to fund your dream vacations. With the personal loans available on Finserv MARKETS, you can enjoy instant personal loan approval and disbursal.

  1. Pay for medical emergencies

Sometimes, you need cash and you need it quick. For those times when you require money at short notice, you can trust personal loans to come to your rescue. For instance, during medical emergencies, you are asked to make several deposits during the course of or even before your treatment. By availing a personal loan swiftly, you can get the money in your account in 24 hours and utilize it for meeting the expenditures incurred during a health emergency that you or your loved ones face. With the personal loans available on Finserv MARKETS, you can get instant approval of your personal loans in up to 3 minutes and have the amount deposited in your bank account within 24 hours.

  1. Plan your dream wedding

Loans are often associated with huge collaterals and therefore are deemed undesirable unless absolutely necessary. However, a personal loan gives you the opportunity to avail a loan of any amount of your choice for any expenditure, big or small. Whether you opt to have an intimate wedding at a secluded spot or pull out all the stops for the big fat Indian wedding, you can rest assured that your finances are covered.

  1. Renovate your house

Personal loans also have a ton of features that could come in handy when you’d like to renovate your home. Say, you want to renovate your house and get a Bajaj Finserv personal loan of Rs 25 lakh to do so. Now, you aren’t really sure of how much you would need exactly, so you first take out Rs 15 lakh from the approved amount of Rs 25 lakh. Now, through Flexi Personal loan facility on Finserv MARKETS, you would only pay interest on the Rs 10 lakh raised by you and not on the entire loan amount. After your Rs 10 lakh is exhausted, you can avail the remainder sum and pay the interest on that amount accordingly. You don’t need to wait to turn your dream home into a reality.

The eligibility criteria for a personal loan are also simplistic, making the approval and the disbursal efficient. Though the eligibility criteria may differ slightly from financial institution to financial institution, it broadly includes your age, designation/occupation, income, and the ability to repay the loan. You can be a salaried employee, a professional, or a self-employed individual, you will be eligible for the loan as long as you can show that you have a regular source of income.

With the personal loans on Finserv MARKETS, the entire process is digitized and requires minimal documentation, saving you from those serpentine queues at the bank. Moreover, you also get to choose a tenor that suits your financial requirements. The repayment tenure of Bajaj Finserv personal loan available on Finserv MARKETS is up to 60 months.

Personal loans offer you the freedom to utilize the amount in any way you want, which is a big reason behind its immense popularity. Whether it’s funding a trip to the Maldives or your child’s foreign education, personal loans can serve both these purposes almost instantaneously.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522