In today’s day and age where people are encouraged to invest in real estate, mutual funds etc. availability of liquid cash is rare. Personal loans have picked up pace in the market today thus offering a solution to such cash crunch situations. Personal loans can help you meet sudden expenses like medical emergency, pay for your child’s education and much more. Personal loans are unsecured loans and the criteria to get your loan approved faster are age, the city of your residence, income and a good credit score. Your credit score is the only indicator of credit worthiness for the financial institution when dealing with such loans. Hence, you should also understand the importance of credit report.
What is an instant personal loan?
Instant personal are loans that are available online and get approved within minutes of applying. The process is to visit the lender’s website, apply for the loan and get instant approval if the credit score is good and if the applicant qualifies for the loan parameters. The loan is then disbursed into the borrower’s account. With Finserv MARKETS, your online personal loan application can be processed in 3 minutes and the loan amount will be disbursed to your bank account within only 24 hours.
Benefits and features of instant loans are as follows
As the application is entirely online, there is no time wasted on travelling to the bank or collecting and submitting documents, everything is done virtually. This enables the lender to process the request fast and the borrower to receive the amount in no time.
Approval of loan implies; the desired amount is approved too. If the approval happens online then the disbursement of the loan amount happens within 24-48 hours, depending on the lender.
Hassle free application
One of the core selling points of this loan is the easy application process. One can apply loan from the comfort of their homes. No long waits or bank visits involved. And yes, no middle men involved too!
Instant personal loans do not require a lot of documents for processing. Only basic details like identity, employment and bank statement is enough to get the ball rolling.
Personal loans do not require any collateral as security. That is the biggest reason behind its popularity and why people opt for it in the hour of need.
Miscellaneous – there are many unexpected situations where a personal loan can come handy. Some common situations are:
- Emergency fund during cash scarcity
- Medical emergency that needs a substantial amount of cash
- Money to meet wedding expenses
- Money needed towards home renovation
So, if there is a need for some quick cash, instant personal loans are a real life savior. An instant personal loan with us can help you take care of all your needs and requirements. What’s more? You can take advantage of a plethora of features such as hybrid flexi loans, customized offers etc. right from the comfort of your home! Head over to Finserv MARKETS, and apply for a Bajaj Finserv Personal loan with us, today!
Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and exclusive EMI store, all under one roof- anytime, anywhere!