Managing your finances insightfully plays a significant role in maintaining your financial well being. There will always be circumstances, where you might require instant financing for your requirements. If you're unprepared, these circumstances can be a burden on your finances. In such cases, you have the option of depending on alternatives, for example, a personal loan. Some people also prefer the option to acquire cash from their friends and family. Notwithstanding, with a loan, you can avail a lot of benefits that you wouldn't get by acquiring cash from your family members. By getting a Bajaj Flexi Loan you can fund urgent medical necessities, finance education costs, cover home improvement expenses or even pay off your debts.
A flexi loan can help you avail a credit of up to Rs. 25 lakh. Thus, you can confidently be assured of getting financial support regardless of your requirement. Availing a high loan amount can guarantee your preparedness for all exigencies.
The personal loan being an unsecured type does not require you to pledge a collateral as security against your loan. The sum you get depends on your financial profile only. In addition to a Flexi loan, there are no spending limitations. In this way, you can utilize it to finance any requirement that comes your way. This includes consolidation of your pending debts, taking care of medical emergencies, home renovation, financing your travel expenses, etc.
In a Flexi Loan, you are expected to pay personal loan interest rates only on the sum that has been utilized. With a Flexi personal loan, you get the required flexibility and affordability as you don't do not have to pay high rates on the amount that has not been utilized.
A significant advantage of the Flexi Personal Loan is that you gain admittance to money in a split second. This makes it a suitable go-to alternative in crises when you don't have much time and require instant financing. It is quite an advantage on the grounds that you can avail a personal loan within a couple of minutes by filling a basic application form online. A Hybrid Flexi Loan availed through Finserv MARKETS comes with a basic eligibility criterion that borrowers need to fulfil. Once these requirements are met, one can secure quick approval and have the amount disbursed to their bank account.
Loan Repayments are an important aspect of acquiring a Flexi Personal loan, you can avail the benefit of part-prepayments. This gives you control over your net interest outgo and allows you to optimise your borrowing strategy accordingly. You can make part-prepayments through the online customer portal at Finserv MARKETS. Also, read more about personal loan tax benefits here.
Given below are the list of documents required for a Bajaj Flexi Loan:
Proof of Identity - Voter’s ID Card, Aadhaar, Passport, Driving License, etc.
Address Proof - Passport Copy, Utility Bill, Rental Agreement, Aadhaar Card, etc.
Documents for proof of Tax payment - Latest Form 16/ Income Tax Return
Income Proof - The applicant’s bank statements of the last 3 months
Passport-size photographs of the applicant.
The application process for a Flexi Loan is quite simple. The following are the steps to apply for a Bajaj Flexi Loan.
Step 1: To apply, you need to start filling in your personal and employment details in the online application form.
Step 2: Select the loan amount required and set the tenure of the loan that you find convenient.
Step 3: The applicant must submit the basic required documents along with the application form for verification.
Step 4: Once the loan application gets approved, the funds will get credited in your bank account within 24 hours.
Every one of these features highlights how a Bajaj Flexi Loan can be an ideal financial solution for a wide assortment of necessities. This is particularly valid for financial commitments, for example, home expenses or medical requirements that require financing. In addition, with smart borrowing of loans, you can deal with all your monthly commitments and obligations while staying within your budget. At Finserv MARKETS, you can make most of the additional benefits such as online record access, pre-approved offers, and an adaptable advance tenure. Remember to avoid utilizing the loan sum for superfluous spending and use it only for emergencies.
Additionally, you can also access the EMI calculator here to calculate personal loan EMI towards the loan.
The procedure to apply for a personal loan on Finserv MARKETS is brisk and simple, with minimal documentation. Moreover, the loan approval is done in record time and the funds are credited to your account within 24 hours of approval!
“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.”