It’s time to realize all your dreams! Bajaj MARKETS brings to you a plethora of loan options to help you fulfill your financial needs. Bajaj MARKETS connects you with multiple lending partners across India, so that you choose the loan as per your requirement. With a variety of lending products, ranging from a Personal Loan to Home Loan, your dreams need not wait anymore. So, apply for a loan today!
KreditBee is a platform providing instant loans. Being a technological intermediary, it facilitates the disbursal of loans from regulated lending institutions to borrowers. It provides a wide range of benefits, like disbursal of the loan within 15 minutes, a seamless online loan application process, minimal documentation requirements and much more.
The Union Bank of India is one of the largest public sector banks in the country, with over 120 million customers. UBI aims to improve the customer experience with digital banking, financial inclusion and by offering a wide range of products such as Loans, Insurance, Mutual Funds and much more.
YES Bank, one of the largest full service commercial banks, caters to the needs of retail as well as corporate clients. With more than 1000 branches and a pan-India presence, YES Bank provides banking solutions in the form of Investment Banking, Merchant Banking and Brokerage businesses. They also provide financial services like home loans, personal loans, automobile loans and much more.
FlexiLoans is an online lending platform that facilitates instant and flexible funding for small businesses in India. SMEs that are unable to access traditional loans can utilise this technology-powered online marketplace to avail of instantly disbursed collateral-free loans. With numerous partners associated, their services are available in 1000+ cities.
InCred is a new-age online platform that provides quick, easy, and hassle-free financial services. With the help of data science and technology, they focus on meeting the unique needs of borrowers. The lending services they provide include personal loans, educational loans, SME business loans, and digital MSME loans.
Bajaj MARKETS helps you choose from a diverse range of lending products. You also get to compare various loan offers by the best of the lending partners. So, you are indeed spoilt for choice!
There's no tedious paperwork involved. Your application is approved within minutes and money gets disbursed in no time.
We are proud to deliver on our promise. Our reliable interface helps the lending partners reach out to people all across India and provides the best lending experience.
When opting for a loan, do keep in mind that the application process varies from product to product. What is mentioned below is just a general overview of the steps involved when applying for a loan on Bajaj MARKETS. Given that we’re completely online, here’s how you can apply for a loan on our platform –
Having zeroed in on the type of loan you wish to avail (basis your need) all that you need to do is visit our website and fill in an online loan application form. You will need to provide your personal and employment details here and support this by uploading the relevant documents. Wondering what personal details you’d be asked to furnish? Well, this includes –
The documents mentioned above are required across all loan types. You will need to furnish additional documents when availing a home loan, home loan balance transfer, loan against property, loan against property transfer, 2 wheeler loan.
After you enter the personal and employment details, you can select the loan offer from a list of lending partners. At Bajaj MARKETS, you get the loan offers from some of the best lending institutions. So, make a choice and you can move ahead in the journey of the loan application.
This includes mentioning the loan amount you wish to apply for and choosing your repayment tenure. At Bajaj MARKETS, you can avail a personal loan to the tune of up to Rs. 25 Lakhs while with home loans and a loan against property, the upper limit is Rs. 5 Crores. When it comes to repayment, customers enjoy the freedom of choosing their own tenure. With personal loans, the repayment tenure ranges between 12 – 60 months. For home loans and loan against property, this could go up to 360 months or 30 years.
Upon successfully uploading your documents and stating your loan requirements, the lender will conduct a thorough check. This includes a check on your CIBIL score and verifying the documents provided. Once satisfied, the loan application is approved and the sanctioned amount disbursed to the bank account of the customer. The time taken for verification, approval and disbursal varies from product to product. For instance, a personal loan could be approved within minutes given that there’s not much documentation involved and neither does the borrower have to provide any collateral. On the other hand, a home loan application takes much more time to get approved as the process involves inspection of the property and verification of all related documents.
This is an important pointer as it helps determine whether you will have to make a down payment or provide collateral. If you are looking for instant financial help, a personal loan is what you should apply for. These are unsecured loans – no collateral or guarantor is required. If you plan on buying a home or desire to send your child to study abroad, a home loan or a loan against property is the right way to go. These are secured loans – one must provide collateral when availing such loans. In addition to this, you can also apply for a home loan balance transfer or a loan against property balance transfer if the interest rate you currently pay is way too high.
The online loan you apply for comes with a host of charges that you ought to be aware of, before signing that dotted line. From processing fees to foreclosure charges, from missed EMI penalties to part-prepayment charges, it is important that you apply for a loan with the knowledge about the charges you might incur. At Bajaj MARKETS there are no hidden charges to worry about ensuring complete transparency and quick loan process.
Your repayment tenure depends on the type of loan you apply for. Personal loans (unsecured loans) usually come with a 12- 60 months repayment tenure. However, as a customer you get to choose your tenure. As for home loans or a loan against property, repayment tenures could go up to 300 months or 20 years. So why is this important? Well, your repayment capacity and loan tenure go hand in hand. Basis your capacity to repay, you can choose an EMI tenure without affecting the way you live.
Consider it sacrilege if you apply for loans in India without checking your credit score! As a matter of fact, most financial advisors will direct you to check your CIBIL when you apply for a loan. Why is this important? Well, your credit score determines whether the bank or lender will approve or reject your loan application. Your credit score is a 3-digit number that could range between 300 – 900. The higher your score, the better your chances of having your loan application approved. Moreover, this allows you to negotiate with your lender in terms of getting a good interest rate on your loan. Banks usually consider 700 and above as a good score.
Your credit rating isn’t the only parameter that determines the outcome of your loan application. There are several criteria applicable and to have your loan approved you need to meet these parameters. Some of these parameters include your age, the city you reside in, your monthly salary and your credit history. However, do keep in mind that such parameters vary from lender to lender and thus you need be sure about your eligibility before applying. In addition to this, having your documents in place is imperative to ensure a smooth application process.
Read more to know details about types of loans
Loans that do not require the borrower to provide any collateral or a guarantor are categorized as unsecured lending. Typically, personal loans fall into this categorization. Due to this reason, interest rates on unsecured loans are quite high.
Depending on the type of loan, there is different criteria to be met. However, there are certain basic criteria such as –
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Posted on 10 Jan 20
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Posted on 17 Feb 20
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Posted on 22 Feb 20
I came across the Finserv MARKETS app that offered a variety of loans. The loan eligibility was simple and the online verification of documents and getting application approval was hassle-free, it helped me a lot in getting the finances I required at the right time.
Posted on 07 Mar 20
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Posted on 30 Mar 20