Short-term loans are the loans that are availed for a period of less than one year. A short-term personal loan comes in handy when you are unable to meet your urgent financial needs. The loan is designed to help you get quick access to funds for your needs. You can use the loan for medical emergency, renovation, travel, wedding expenses, and other purposes. You can meet your urgent financial requirements with the Bajaj Finserv Personal loan and repay the amount over the short tenure. Bajaj Finserv provides a loan amount up to INR 25 Lakhs.
Discussed below are a few benefits of a short-term personal loan.
The processing of the Bajaj Finance Personal Loan is quite smooth, as you need not follow any tedious process. The minimum documentation requirement and quick processing of the loan make it one of the most preferred forms of borrowing. It will save your time and effort. After the loan is approved, the amount will be disbursed within 24 hours of approval.
The documents required for personal loan is basic and minimal. You only need to provide KYC documents and your salary slips along with the bank statement of the salary account. Once the documents are verified, your loan application will be approved in no time. The interest rate on personal loan is quite competitive as well.
The disbursal of the loan will not take days. Once the loan application is approved, the amount will be disbursed in 24 hours and you will have funds in your account. Only a personal loan can help you fight the emergencies with instant approval and immediate disbursal. You can apply for personal loan and get the funds in one day.
You need not worry about the eligibility criteria when it comes to approval of the loan. The requirements for a short-term personal loan are quite basic. Hence, you can easily qualify for such a loan.
The following are some important eligibility criteria to apply for a personal loan:
You should be an Indian Citizen to be eligible for a loan
You also need to be a salaried individual
You can apply for a loan if your age is between 23-58 years
With Finserv MARKETS, you can choose personal loan interest rates as per your preference and repay the loan over the flexible tenure. With the hybrid-flexi loan option, you can pay personal loan EMI on the interest and ensure that the principal is repaid in due time. An online personal loan will help meet your needs and will put an end to all your financial troubles.