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5 Reasons to Apply for A Personal Loan from Bajaj Finserv

By Finserv MARKETS - Mar 29,2020
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Top Reasons To Apply For A Personal Loan

India has seen a considerable growth within the personal loan category of financial services. In fact, while attempting to explain as to why Indians are rushing towards personal loans, CIBIL noted that the third quarter of 2019 saw a 28% growth in personal loans. Attitudes and ecosystems have been the primary reasons for this growth in popularity of personal loans in an Indian context, contradicting the previous generation that was significantly debt-averse. First of all, successive cuts in interest rates coupled with the ‘ease of access’ in obtaining a personal loan have made a favorable environment for the customer to borrow, as compared to the previous decade. More on this later, the young millennials that are embarking on their professional journeys are not holding back from living a lifestyle that they have wanted. This is in stark contrast to the preceding generation where debt for consumption was viewed in a mostly negative light.

Top Reasons To Apply For A Personal Loan

This changing attitude of customers has contributed to a significant momentum towards the growth of personal loans. Look at Ravi, for example, who works as a retailer in Delhi. Being optimistic about the profits he had been making from the sales, he did not hesitate in applying for a Bajaj Finserv Personal Loan from the Finserv MARKETS app to buy a motorcycle for commuting to his shop. When asked how he reasoned through the decision, he said, “It’s so simple! I was simply browsing my app store, looking for renting apps, and I came across the Finserv MARKETS app, which promised to process a personal loan of up to Rs 25 Lacs within 24 hours!”

Indeed, it is that simple! Here are five reasons why you too should consider a Bajaj Finserv personal loan, available on Finserv MARKETS app:

  • Life-sized credit limits:

With Bajaj Finserv personal loans you can access up to Rs. 25 lacs for your goals, no matter what shape they come in. You can act upon your dreams now whether it is a major renovation for your apartment or an upgrade you have been wanting ever since.

  • Unbelievable disbursal times:

Do you need money right now? Sometimes you will find yourself facing a difficult situation, for say a medical emergency, where money is the only and last hope that you’re looking out for help. And rightfully so, because you can now expect your loan amount to be disbursed within 24 hours of application approval. No matter the degree of urgency, with Bajaj Finserv personal loan, you can gain control of the situation almost instantly and there is no reason why you should not be able to!

  • Stop worrying about security:

With a high credit limit built into a loan that works without security, you might face situations where you can’t use assets like your jewelry for financial needs. Your financial needs can take any shape no matter how many revisions your plan of action has undergone. Children’s education is one such example where you do not want to compromise. With a Bajaj Finserv personal loan, you can drop one extra worry on your way.

  • Completely online:

With the Bajaj Finserv personal loan, you can focus on your objective instead of having to add another item on your to-do list. In fact, it is almost as easy as creating an insta account! Just apply for the loan online, upload your documents and get the money disbursed into your account in just 24 hours.

  • Flexi-Loan:

Your needs can often trigger in different shapes and so can your pay! With the Flexi-Loan you can fit all of it into a single loan. Imagine that you need a sum of 12 lacs in order to renovate your home. Why borrow 25 lacs when you just need 12, right? Well, with the flexi loan feature you can borrow a sum of 25 lacs even if you need only 12. In case you need to use more money you can simply withdraw more, as long as you do not exceed your maximum allowed limit. What’s more? You can do a part pre-payment in case you made a little extra on the way. At any point in time, you will be paying interest only on the amount that you have withdrawn. This way your flexi loan becomes a reliable line of credit rather than just a static loan product.

No matter whatever the reason! Your search for a personal loan comes to an end right here. With interest rates as low as 12.99% p.a. and a smooth application to the disbursal process, you tackle every financial need in a breeze. Get the Finserv MARKETS app installed in your phone through the Play Store and apply for a Bajaj Finserv personal loan to act on your plans right now!

Apply for a Personal Loan

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! N

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522