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How to Get an Instant Personal Loan During the Lockdown

By Finserv MARKETS - May 18,2020
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Instant Personal Loan During the Lockdown

The pandemic has spread at an alarming pace, infecting millions across the world. With no vaccine in sight, governments have resorted to widespread lockdowns to slow the spread of the novel pandemic. A national lockdown has been implemented in India since March 22, with varying levels of exemptions in different states. It has disrupted the normal course of business but has accelerated certain trends already in existence. A lot of services have been digitised and they have become the default option for most of the people. Regular financial services have been disrupted but even then you can avail an instant personal loan during the lockdown.

The option gives rise to how to get a personal loan? The basics of opting for an instant personal loan during the lockdown remain unchanged. Choose a financial service provider that has the required expertise of disbursing loans through digital channels. The process must be seamless and should not require a physical interface at any time. One can get a Bajaj Finserv Personal Loan instantly through Finserv MARKETS. Here is how to get an instant personal loan through the digital platform. 

Check the Pre-approved Offer

If you are an existing customer of Bajaj Finserv, you will get a personalised pre-approved personal loan. The pre-approved loan offer is designed after taking into account eligibility factors like CIBIL score, age and occupation. With all the eligibility criteria taken into consideration, you do not have to submit fresh documents or check eligibility. Don’t worry about how to get a personal loan even if you are not an existing customer. You can use the eligibility calculator online to check your eligibility and submit the documents accordingly. The monthly instalments can also be ascertained by using the EMI calculator online.

Review the Details

The biggest advantage of the pre-approved personal loan is that you do not have to submit documents or fill lengthy forms. A pre-filled form with all the details is made available and you just have to review the details, which includes the loan amount. The instant personal loan eliminates several intermediate steps and ensures a smooth digital process.

Accept the Terms

After reviewing every detail of the personalised loan offer, you just have to give your consent. Once you agree to the terms and conditions, the Bajaj Finserv Personal Loan is approved. The entire process is digital and you do not have to submit a single physical document or visit a branch. After giving the approval, the loan is disbursed and is credited into your account in no time. Due to the extremely simple and convenient process, you do not have to think about how to get a personal loan during the lockdown. The instant personal loan availed through Finserv MARKETS does not require any collateral and can be used for a variety of purposes.

Reduce High-Interest Liabilities

The pandemic has wreaked havoc on the economy and has led to widespread job losses. An economic slowdown is almost certain and the best strategy in times like these is to conserve cash and lower expenses. Many people have a substantial outgo in the form of credit card bills. The chances of missing credit card payments rise in tight liquidity conditions. The Bajaj Finserv Personal Loan can be used to reduce high-interest liabilities like credit card bills.

Read more about How to Increase Chances of Getting Personal Loan

Medical Emergencies

A medical emergency can strike without warning and many people are caught off guard. With most of the medical infrastructure dedicated to the mitigation of the crisis, it is important to have a sufficient financial buffer to take care of other medical emergencies. The instant personal loan can be availed in just 24 hours so that you do not face any difficulties during an emergency.

Home Renovation

Work from home has become the norm as social distancing and sanitizing have emerged as the most potent tools against the infection. Many industries are mulling a permanent shift of a large number of employees to work from home. With a vaccine still months away, work from home is here to stay. Many homes are not equipped to be used as a workplace. You can use the personal loan to buy new furniture or make necessary changes in your house to act as your workplace.

Upgrade Skills

With experts predicting a drastic change in the economy and business, new skills will become a crucial tool to prosper. A number of leading universities are imparting certificate and full-time courses online. You can utilise the time wasted in travelling to the office by picking up a new skill. You can use the instant personal loan to enrol for a course that would upgrade your skill set.

The Personal Loan can be modified as per the use of the applicant. It comes with a flexible repayment tenure ranging between 12 months and 60 months. If there is an urgent funding need, opt for an instant personal loan through Finserv MARKETS.

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Personalized choices for Loans, Cards, Insurance, Investments & UPI Payments along with No Cost EMI offers to shop for a wide range of lifestyle products – discover more on the Finserv MARKETS App.

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 in 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 that are tailor-made for you. We also offer an amazing product range and a 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 of 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