A personal loan offers you the opportunity to conveniently fulfil any kind of financial obligation. Whether it is planning a holiday, renovating your home, serving a medical emergency or ensuring cash flow during a crunch, a personal loan is a feasible option. A large number of leading banks and financial organisations offer a personal loan through minimal fuss. However, there continues to be a lack of understanding about personal loan disbursal. Read on to know more about the disbursal process of a personal loan.
Now that you have a fair understanding of personal loan online disbursement process make sure that you avail it to meet your financial requirements. It is advisable to compare various lenders before availing a personal loan. This will help you avail a personal loan that best suits your needs. You must compare the interest rates, loan tenure, processing fees, repayment options, etc. provided by different lenders before making the final decision. Always look for a lender that offers a competitive interest rate. This will not only reduce the repayment burden but also help you save a large amount of money in the long run. Also, make sure that you read the terms and conditions of the loan agreement carefully before availing a personal loan. In case of any query, you must seek the help of a financial advisor. This will allow you to make a well-informed decision.
You can avail a personal loan at Bajaj Markets through a hassle-free online application process. Simple eligibility criteria, flexible repayment options, and no hidden charges are some of the major advantages of availing a Bajaj Finserv Personal Loan. Moreover, the loans are customised as per your needs, you can easily avail the best personal loan offers as per your requirements. To avail a Bajaj Finserv Personal Loan, borrowers must satisfy the below-mentioned eligibility criteria:
Salaried individuals can easily avail a Bajaj Finserv Personal loan up to Rs. 25 lakhs for a tenure ranging from 12-60 months. Since a personal loan is a multipurpose loan, the loan amount can be utilized for various purposes such as funding children’s education, managing wedding expenses, travel expenses, etc. So why wait? Avail a personal loan at Bajaj Markets and meet your financial requirements today.
Instant personal loans are usually offered to existing customers who share a good relationship with the bank. Banks typically offer these loans to customers who have a savings account or existing loan with the bank along with a credible credit history.
The best way to reduce the EMI payments is making part-prepayments on the principal amount. This would reduce the interest paid to service the loan.
Once your personal loan has been disbursed, the bank authorities will send you an email and SMS to confirm the same. All the other documents too will be sent to your registered email address. This includes a welcome letter, agreement papers, and the loan repayment schedule and amortisation table.
Typically, the personal loan amount is directly transferred to the bank account mentioned in the application form. The transfer is carried out through the bank via the NEFT facility. Some financial institutions also disburse the personal loan amount via cheque or demand draft. If you choose the cheque or demand draft facility, then you will have to deposit the funds into your bank account before being able to access it.
No, there are no provisions that allow you to cancel your personal loan application once the funds are deposited into your bank account. However, you can cancel the loan anytime before the money is transferred into your account.