60 Views
A personal loan is the most preferred choice when it comes to loans. Most people opt for this loan due to its flexibility and ease of access to funds and unrestricted usage be it home renovation, wedding expenses, medical treatment or higher education. This loan offers instant approval and quick disbursal features that make it an ideal financing option for Big-Ticket Expenses.
Bajaj finance personal loan is a reliable means to get the financing you require. Let’s have a look at some of the interesting features of getting a bajaj personal loan.
Manage Loan Account Online with Ease
An online account for loans has other inclusive facilities that enhance your loan servicing experience. With online access, you can view your credit statements, access your repayment schedule and manage your loan EMIs all in one place via your unique online account. You can use the Finserv MARKETS app to apply for a loan and access your account anywhere at any time without any hassles. The app will always keep you informed and updated about your loan payments and financial whereabouts.
High-value Loan to Cover Large Expenses
With a personal loan, you can cover big expenses with ease. With Bajaj Finserv Personal Loan, you can avail a loan amount ranging between Rs. 25 Lakhs to Rs. 40 Lakhs without pledging any collateral. The loan will be offered based on your credit score, income and loan repayment capacity. You don’t have to blow up your personal savings to manage such expenses. So, whether you need the funds for medical expenses or financing an overseas education for your child, with the Bajaj Finserv Personal Loan, you can fund both big-ticket expenses and urgent financing with ease.
Lower your EMIs with Flexi Personal Loan
A Flexi personal loan offers greater freedom and flexibility in terms of withdrawal and loan repayment. You can make multiple loan withdrawals from your approved line based on your requirements and pay interest on the withdrawn amount. Bajaj Finserv offers a Flexi loan facility where you can borrow from a pre-approved loan limit and repay the loan when you can. So, you can either prepay or 'down-draw' against your loan or make multiple withdrawals within your loan limit. Flexi personal loans are useful when you have to meet recurring expenses, as you do not have to apply for additional funding. A ‘Hybrid Flexi Personal Loan’, allows you to pay EMI only on the amount utilized. Even if you got a high loan amount you do not you will not be charged with a high-interest rate on a personal loan; you only pay for the used amount.
Also, read what are the tax benefits on personal loan only at Finserv MARKETS.
Eligibility Criteria and Minimal Documentation
The eligibility criteria set for personal loans may vary from one lender to another. The lender evaluates the applicant's creditworthiness and repayment ability, Bajaj Finserv personal loan has simple terms that can get you a loan without any hassles. The following are the basic loan eligibility criteria for a personal loan:
● Must be a resident Indian aged 23 to 55 years
● To be eligible you should be working for an MNC, a public or a private sector company
● The net monthly income should meet the prescribed limit based on the city of residence
A personal loan is a collateral-free loan, where you are required to submit minimal documents in order to prove your identity and income. Here they are.
● KYC documents like PAN card and Aadhaar
● Employee ID card
● Salary Slip previous 2 months.
● Bank Statements of account of the last 3 months
Flexible Loan Repayment Terms
When you plan on taking a loan to finance your big purchases you might worry about the repayment terms. Bajaj Finserv personal loan offers flexible loan terms that reduce the stress on your finances to make regular payments towards your EMIs as per your convenience. Offering flexible tenor ranging up to 60 months and select an easy EMI as per your convenience. To calculate your EMIs you can use the personal loan EMI calculator, you can also make part-prepayment towards your loan. Bajaj finance personal loan also allows foreclosure of loan when you have access to a bigger corpus. You can cut down on the interest in your EMIs and close the loan before the tenor.
A personal loan is a reliable instrument to get instant financing for your financial needs. A personal loan is an unsecured type of loan, the interest rate charged on loan is generally higher than other loans like a home loan or a car loan. At Finserv MARKETS you can avail Bajaj personal loan at attractive interest rates. To apply online you can download the Finserv MARKETS app and avail funds of up to Rs. 25 Lakhs with flexible tenures of 1 to 5 years on loan. They also provide you with a personal loan EMI calculator that gives you the exact monthly outflow of your EMI amount, this makes your loan repayment much easier. Also, you can get a detailed financial report of your credit standing to understand your finances well and make sure your loan gets approved. On the Finserv MARKETS app, you can avail Loans, Credit cards, Insurance, UPI transaction and Investments and much more.
“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”.
