my offers

How about checking some pre-approved offers you might be eligible for?

my offers

How about checking some pre-approved offers you might be eligible for?

  • Mobile No.
  • Date of birth

You have a pre approved offer

  • Sum Assured
    Premium
    Persons Covered
  • Rate
    5%

Currently, we do not have a personalized offer for you but don’t be disheartened. Check out our oven fresh deals of the day here!

We have 02 personalised offers for you

Currently, we do not have a personalized offer for you but don’t be disheartened. Check out our oven fresh deals of the day here!

my offers

Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

If you are in urgent need of money, a personal loan can come to your rescue. Some of the benefits of a personal loan are that you do not have to offer any security to get it and you can avail one almost instantly. But, there are many other benefits of a personal loan that you must be aware of. This article will tell you about every other benefit of taking a personal loan.

Advantages of Personal Loan

  • No End-Use Restrictions: You can use the personal loan money however you want. You can either use the borrowed loan funds to fund your dream vacation, turn your house into a smart home, or to even take care of that unforeseen medical expenses. 

  • High Amount Available: You can get as much as ₹50 Lakhs as a personal loan. However, you must remember that the maximum amount you can avail will depend on your personal credit profile.

  • Lenient Eligibility Criteria: You can easily meet the eligibility criteria of a personal loan. You simply need to be a resident of India who is between 23-70 years old and earning a regular income as an employee of a reputed company. Additionally, you must have a CIBIL score of 750 or more. If your CIBIL score is below that mark, you can still get a loan, but you may get them at higher interest rates and perhaps even at unfavourable loan terms.

  • Hassle-Free Documentation Process: To avail a personal loan, you will need very little documents. All you will need is a PAN card, Aadhaar card, proof of your current address (if you are living in a rented property), and evidence of the fact that you are earning a regular income.

  • Low Interest Rates: Through Bajaj MARKETS, you can get a personal loan at interest rates starting at just 10.49% per annum. But, you must remember that the interest rate applicable to you will depend on the lending partner you will get it from and your overall credit profile.

  • Flexible Loan Repayment Tenure: You can repay your personal loan amount over a time span of anywhere between 12 to 60 months. But, the maximum loan repayment tenure available to you will depend on your eligibility.

  • Multiple Payment Options: Some lenders even allow you to repay only the interest component of your personal loan amount during the initial months of the repayment. That way, you will be able to minimise your EMI burden in the initial months and use the money for the thing you borrowed it for. One such example of the same is the Flexi-Hybrid personal loan that you can avail from Bajaj MARKETS. But, you must remember that the length of the initial months will depend on the length of your loan repayment tenure and the principal amount you have borrowed.

  • Tax Benefits: If you are using the personal loan money for purchasing or renovating a home that you have just bought, you can even claim tax deductions under Section 24(b) of the Income Tax Act, 1961. Under this section, you will be able to claim a deduction of ₹2 Lakhs every year for the interest component of the loan paid by you. However, you must prove to the relevant authorities that the borrowed money is being used for that very purpose to claim the tax deduction.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!