✓Minimal Documentation ✓Collateral Free Loans ✓Instant Loan Disbursal | Apply for Personal Loan Now! Apply Now

With the outbreak of pandemic, many businesses had to stop their services which led to plunge in economic activities and contraction in loan demand across multiple sectors during April-June 2020. 


The significant reduction in loan demand dampened the sentiment among Indian lenders too, as a consequence.


As the gradual unlocking process began in the first week of June 2020, thereafter economic activities started gaining momentum. The recent RBI survey on banking sentiments unveiled that the demand for loans is expected to rise.


The good news is banks and NBFCs in India are getting their confidence back to lend.

Here are a few highlights, which will help you to understand the lending scenario in India

  • The RBI report unveiled that personal loans, which were most severely hit during the period, have bounced back. The agriculture and personal loan segments have always been in the positive terrain indicating better loan terms and conditions in these sectors.

  • The sentiments on loan terms and conditions for the services sector too, indicated easing, barring the assessment during the lock-down quarter, it added. Interestingly, digital transactions have also picked up pace recently.

  • Now banks are more optimistic about a rebound in retail credit growth, which was the most severely hit by the pandemic

  • Also, banking investors have shared this confidence, which is evident from the upgrades in earnings expectations by analysts. While the stock prices of banks have rallied due to anticipation of healthier balance sheets ahead.

While the Indian economy continues to record improvements in employment rate too!


According to an Employment Outlook Report for Q3:2020-21, large and medium-size businesses continued to lead in the overall intent to hire; however, it was small size businesses that have recorded the most significant growth.


  • The lending rates of scheduled commercial banks have improved since March 2020, reflecting the combined impact of the liquidity surplus.

The RBI in a bulletin said that the Indian government has managed to contain human losses, ensured that financial systems and markets functioned normally, kept finance available and flowing, and reached out to the most vulnerable.


The result was that near-term financial stability risks have been contained.


“Economic contractions have started to ease, portfolio flows into emerging markets have recovered and hard currency bond issuances have strengthened for those with stronger credit ratings,” said the RBI governor Shaktikanta Das in a report.


  • According to reports by various financial institutions, there will be recovery in economic activity and the derivative effect of increased investments and corporate/government spending on consumption will sustain the momentum of 15%-plus growth in FY22-25.

  • While the consumer sentiment improved in the November 2020 round of the Reserve Bank’s consumer confidence survey (CCS) from an all-time low in the previous round.

In the time of the pandemic, financial savings of households and corporations have risen. They are now more confident about the year ahead, with expectations of improvement in the general economic situation, employment conditions, income scenario and spending. 


This is a right time to fulfill your dreams with the help of Bajaj Markets!


If your income, credit score and documents are in congruence with the eligibility requirement of the Personal Loan you request for, Bajaj Markets is there for you. Check your EMI affordability using a personal loan EMI calculator.

How do I apply for a personal loan at Bajaj Markets?

An applicant first needs to make sure he/she fit in the basic eligibility criteria to get the desired loan amount. The following are the steps to apply for a personal loan 


  • Step 1: Fill up the application form online with your personal, financial details

  • Step 2: Now choose the loan amount required and a suitable loan tenor to get instant loan approval.

  • Step 3: You need to provide all the required documents along with the application form for verification.

  • Step 4: Once your loan is approved the personal loan amount will get disbursed in your bank account.

What’s more, you can also get top-up loans at lower interest rates as compared to your existing Personal Loan interest rate on Bajaj Markets. The top-up facility is an extremely reliable and flexible option to meet your financial needs.


You can also consolidate your debt and pay off all your dues. In addition to personal loans, the MSME Business Loan, available on Bajaj Markets, is a business loan that comes with need based offerings, no collateral, and fast online procedures.


At Bajaj Markets, get a host of other benefits such as quick online processing, high loan limit, and minimal documentation. There are several types of companies that are eligible for this loan ranging from partnership firms to limited companies.


Also learn about loans during lockdown


Bajaj 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 Bajaj 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 Bajaj Markets App.

Download App
Credit Score