Goa, popular for its beaches and nightlife, is the tourism capital of India. It has the highest Gross Domestic Product (GDP) among the states of India. Apart from the tourism industry, Goa is also home to several medium scale industries such as pesticides manufacturing, fertilizers, tyres, tubes, footwear, chemicals, pharmaceuticals, wheat products, textiles, brewery products, etc. These industries have significantly contributed to the economic growth of Goa. Due to the growing economy, a large number of financial institutions are also expanding their business in Goa. Hence, availing loans and other credit products have become comparatively easier.
A personal loan in Goa is one of the most popular credit products availed by the residents to fulfill their financial requirements. Since interest rates charged on personal loans play a crucial role in defining the overall cost-of-borrowing, it is recommended to settle for a financial institution that offers personal loans at competitive interest rates. A high credit score can help you avail a higher loan amount at a reduced rate of interest. Financial institutions check your credit score before approving your loan application. A good credit score reflects your good repayment capacity and therefore financial institutions consider you as a low-risk applicant. This also increases the chances of your loan approval. You can improve your credit score by managing your finances wisely and clearing all the outstanding dues.
Bajaj Finserv Personal Loans are available at low-interest rates and have various other lucrative features such as flexible repayment tenure, instant loan approval, quick disbursal, etc. Moreover, flexible eligibility criteria, online application process, and minimal documentation are added advantages of personal loans available at Finserv Markets.
The basic documents required for Bajaj Finserv Personal Loan during the Finserv Markets lending process are:
Aadhaar Card/Passport/Driving License
Last three months’ bank account statement
You can avail a personal loan in Goa by meeting the basic eligibility criteria mentioned below:
You must be an Indian citizen.
You must be a salaried employee.
You should be in the age range of 23 -58 to avail a personal loan.
Your salary should be at least Rs 27000 per month
By following these easy steps, you can easily apply for a personal loan from the comfort of your home.
Step 1: Fill in the online application form with your personal, financial and employment details
Step 2: Select the loan amount and the loan tenure you want for yourself
Step 3: Upload the required documents.
Step 4: Once approved, after your documents are verified, you will receive the amount in your bank account within 24 hours.
Now that you are well aware of the various aspects to consider while availing a personal loan in Goa, ensure that you make the right choice for yourself. Lastly, while availing a personal loan, do not forget to read the terms and conditions of the loan agreement carefully before signing it. This can help you avoid any inconvenience in the later stage.