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Personal Loan Disbursal Process

  • Step 1: The sanctioned loan amount is subject to your personal loan agreement. However, you can opt to withdraw the amount you require from the pre-sanctioned loan. If you have a high credit score, you would be eligible for a higher loan amount at a reasonable interest rate. Bajaj Finserv Personal loan also provides the facility of loan prepayment. Therefore, you can always prepay your personal loan if you happen to have a lump sum amount in the future. This will not only help you clear your debt quickly but also save a large amount of money by reducing the total interest payout. Also, before availing a personal loan, you can calculate your personal loan EMI with the help of an online EMI calculator. This will help you plan your repayment efficiently.
  • Step 2: Once you apply for a personal loan and upload the required documents online, the lender will verify your documents. Post verification of your documents, your loan application will be approved, and you will receive the loan amount in your bank account within 24 hours.
  • Step 3: Following this, you will also receive a confirmation of the loan disbursal from your lender through an email. The lender will also provide all the details regarding your loan agreement, such as loan tenure, interest rate, etc. through an email.
  • Step 4: Once you get the loan amount, your prime responsibility should be to ensure timely repayment of your personal loan. You can pay your EMIs either by opting for Electronic Clearing Service (ECS) or through post-dated cheques. In case you issue a post-dated cheque, make sure that you have sufficient funds into your bank account. If you don’t have enough funds in your account, you may have to bear an EMI bounce penalty.
  • Step 5: If you decide to pay EMI through ECS, you must notify about any change in your salary account provided to the lender. This will allow the lender to update your EMI payment source.


Now that you have a fair understanding of personal loan online disbursement process make sure that you avail it to meet your financial requirements. It is advisable to compare various lenders before availing a personal loan. This will help you avail a personal loan that best suits your needs. You must compare the interest rates, loan tenure, processing fees, repayment options, etc. provided by different lenders before making the final decision. Always look for a lender that offers a competitive interest rate. This will not only reduce the repayment burden but also help you save a large amount of money in the long run. Also, make sure that you read the terms and conditions of the loan agreement carefully before availing a personal loan. In case of any query, you must seek the help of a financial advisor. This will allow you to make a well-informed decision.

FAQs on Personal Loan Disbursal

What should I expect following the disbursal of the personal loan?

Once your personal loan has been disbursed, the bank authorities will send you an email and SMS to confirm the same. All the other documents too will be sent to your registered email address. This includes a welcome letter, agreement papers, and the loan repayment schedule and amortisation table.

Can I cancel my personal loan after the money has been credited to my account?

No, there are no provisions that allow you to cancel your personal loan application once the funds are deposited into your bank account. However, you can cancel the loan anytime before the money is transferred into your account.

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