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How a Personal Loan Can Help You with Your Finances in this New Financial Year?

By Finserv MARKETS - May 2,2020
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Personal Loan to Help Your Finances in This New Financial Year

The start of the new financial year is the most suitable time for you to think about your finances. While a new calendar year gives you the perfect opportunity to sort your life on the personal front and make resolutions to live by, a new financial year gives you a chance to put your financial life in order. However, if you require financial assistance you can opt for a personal loan.

By getting an online personal loan you can support multiple folds of your financial worries, be it anything. The amount can be used to consolidate credit card debts, purchase a new house or a car, improve your credit, plan a trip, and many more. While a personal loan can help you take care of your financial shortcomings, they can also help you save money.

Let’s have a look at some of the ways on how a personal loan can help you with your finances.

To Meet All The Big Expenses With Ease

By availing a personal loan you’ll have access to a big stash of quick cash which you can use to finance your big purchases or support your financial needs. You can repay the loan amount over the years in small installments by paying just a small rate of interest.

Finance Higher Education

For higher education there are various expenses like accomodation, travelling, food expenses and stationery supplies that require a significant amount of money. With a personal loan you can easily fund the university fees and take care of all other additional expenses.

Cover up Medical Expenses

Personal loans are quick and easy to avail. In case of a medical emergency you might require quick access to funds. In such a situation, getting a personal loan can be a life saver. The loan amount will help you to get the best treatments and facilities without compromising on you or your loved ones health.

Finance Home repair and Renovation 

There are times when your home might require repairs. Whether it is a damaged wall or broken roof or some part of your home might require a complete renovation before a momentous occasion. If you’re not backed up on cash you can take the help of a personal loan and cover all the cost of the repair with ease.

Debt Consolidation

Debt consolidation means, opting for a new loan to pay off other liabilities and consumer debts. Availing a huge, low-interest rate personal loan to pay off your other small, high-interest rate debts could be a good way to save money. By consolidating your debts, you can save money on a high-interest loan. However, make sure you’ve checked with your bank regarding their prepayment policies, as some banks and financial institutions charge penalties for not completing the tenure of a loan and can charge additional fees for foreclosing it.

You can always apply for a Bajaj Finserv Personal loan online, which comes with attractive personal loan interest rates starting from 12.99% per annum. Bajaj Finserv Personal loan offers hassle-free minimum documentation process, quick application approval in just 3 minutes and the loan amount would be credited in your account in just 24 hours.

Apply Now

By availing a loan at Finserv MARKETS you get amazing flexibility on your loan repayment tenure. You have the freedom of choosing your loan repayment tenure from 12 to 60 months. They also provide you with an EMI calculator that gives you the exact monthly outflow of your EMI amount, which would help you have a fair idea of your payment in advance. Finserv MARKETS is a one-stop destination for all the financial needs with personalized pre-approved offers, instant approvals and quick disbursal of a loan in most attractive interest rates it provides a unique digital experience to the customers.

“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"), 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