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Whether you’re planning on going for a vacation, looking to renovate your property, or cover medical expenses you can take care of it all by simply applying for a personal loan. The best part about a personal loan is that you’re not required to pledge any of your personal and valuable assets as collateral. The loan amount can be utilized to cover all kinds of expenses. For instance, if you avail a loan from a relative or a friend, and do not have sufficient funds to pay them back at the earliest. You can avail a personal loan online and fulfill your financial requirements without putting your personal relationship at risk. Obtaining a personal loan is quite easy, with simple documentation, quick processing, and speedy disbursal it becomes easier to fulfill all kinds of needs.
What Can A Personal Loan Be Used For?
A personal loan is a good option if you’re dealing with a high-interest debt or other expenses. Moreover, the interest rates on personal loans are typically lower than credit cards, and most personal loans are unsecured, meaning they don’t require collateral for security. Unlike other loans available in the market, personal loans aren’t set aside for a specific purpose; you can use the loan amount for almost any reason. Let us have a look at some of the benefits of having a personal loan online.
Save A Lot of Time
A few years ago, if you had to avail a personal loan, you were required to visit the bank to apply for a personal loan. The entire process from loan application to disbursal of the amount was time-consuming. Also, the documentation process was hefty. With the introduction of mobile apps, availing a personal loan has become a completely hassle-free process. Paperless and minimal documentation have made the process even simpler.
Fulfill Your Financial Needs
A personal loan can be used to meet various financial needs such as paying for children’s education, managing wedding expenses, planning for a vacation, etc. Therefore, applying for a personal loan online can be extremely handy when you need money in such situations.
Instant Cash Disbursal
You can check your loan eligibility online. If you satisfy the eligibility criteria, you can begin your loan application process by filling an online form and uploading the documents required for a personal loan. On verification of the documents, your loan application is approved, and the amount is credited in your bank account. Since the entire application process is done online, it makes things easier to proceed.
Keep Track of Your Monthly Payments
Getting a personal loan through a financial app online. You can keep track of your loan status easily. You can easily check your EMI dates, outstanding debt, and repayment history. Some financial apps also provide custom notification for your EMI payments which is quite helpful to make your repayments on time and avoid loan defaults.
Your CIBIL Score
With personal loan apps like the Finserv MARKETS app, you can check your CIBIL score online for free. You can also obtain your detailed financial report and get suggestions that can help you boost your CIBIL score. This will give you a better understanding as to whether your personal loan application will be approved or not. With a high CIBIL score, you can avail a loan at a competitive interest rate.
How To Apply For Personal Loan Online?
Step 1: Visit the official site of the bank and financial institution or get their official app
Step 2: Select the personal loan option
Step 3: Start by filling in the application form with your personal, employment and financial details
Step 4: Choose the loan amount that is required and the repayment tenor you want to apply for
Step 5: Then you need to provide all necessary documents
Step 6: The documents go under a thorough verification process
Step 7: Once the application is approved, you can get the loan and will get disbursed to your account.
At Finserv MARKETS, you can avail of personal loans without a guarantor. Before applying for a personal loan you need to check whether you fulfill the basic eligibility criteria of a loan. You can take the help of a Personal Loan Eligibility Calculator to check and calculate your eligibility. The loan repayment process is quite convenient. The online personal loan application process at Finserv MARKETS is quite simple.
Enjoy a higher loan amount with a Bajaj Finserv Personal Loan and repay it over the flexible tenure. Get complete access to a Personal Loan EMI Calculator where you can easily calculate your monthly installments that need to be paid even before you apply for a personal loan. You can obtain a Financial Health Check Report (FHCR) and check your CIBIL Score for free on the website as well as the personal loan app. Get an instant personal loan today and enjoy all the benefits it has to offer.
“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.”
