Vijayawada is a city in the southeast Indian state of Andhra Pradesh. Amongst the various things that it is known for, it is a known fact that Vijaywada has been witness to development in terms of infrastructure at a rampant pace. The same has caused an augmentation in terms of standard of living as well as the cost of sustaining a lifestyle in Vijaywada, which has made the residents of the same seek personal loans. If you are someone who resides in Vijaywada and are looking for a personal loan, you have come to the right page. Read on to know more about the benefits, features, criteria of eligibility and the document that is required for the purpose of securing a personal loan in Vijaywada.
Offerings are Tailor-Made:
When trying to secure an instant loan in Vijaywada through an online portal like Bajaj Markets, the aspiring borrower gets to pick from a host of pre-approved loan offers and other forms of credit options.
Loan Amounts are Customisable:
If one is looking for a large instant personal loan in Vijaywada, they can actually avail an amount as high as ₹25 Lakhs as a user of Bajaj Markets. However, one must keep in mind that the amount an individual will be eligible for will be influenced by factors such as the likes of their yearly income and financial management skills, among others.
On top of that, the borrower will not even have to worry about the likes of unreasonable foreclosure charges if they are trying to get a personal loan through Bajaj Markets. The same is possible due to the fact that just like in the case of personal loan interest rates in Vijaywada, the charges of foreclosure are nominal too.
Fairly Swift and Quick Loan Approvals:
Since the loan application process is conducted online in its entirety, the loan application in question reaches the financial institution that they are asking for a loan from within a matter of minutes. Additionally, if the loan gets approved, one can expect the money to be credited into their account within a few hours or days.
Let us now learn about the eligibility criteria that the aspiring borrower will need to satisfy so that they can secure an Instant personal loan in Vijaywada fairly easily. They are as follows:
Age: Applicant must be 21 years of age at least.
Credit Score: 600 or more.
Income: The borrower must earn ₹180,000 a year or ₹15,000 a month at least.
Employment: The borrower must have worked with an established firm for at least 2-3 years.
The borrower must be cognizant of the fact that they must have a handful of documents on their person before even thinking about initiating the personal loan application process. The same must be ensured by the borrower so that they can easily secure an instant personal loan in Vijaywada. The list of documents are as follows:
Identity proof (Example: Aadhaar Card, Pan Card, Voter ID and/or passport)
Address proof (Example: Voter ID, Aadhaar Card, Passport or an Electricity Bill)
Income proof (Example: Your most recent salary slips going back at least three months and/or letter of employment)
2 passport-size photographs.
As is evident to you by now, Bajaj Markets makes it fairly easy for a borrower to secure the necessary credit for their needs. If you reside in Vijaywada and are looking for a loan for your personal needs, you must help yourself to the page that covers everything Personal Loans on Bajaj Markets in order to take a quick glance at the details regarding the same. Alternatively, if you are looking to buy a house or anything that has a high price tag, but do not have the required financial resources that will be needed for the same, you can always look at the other forms of credit that can be obtained from a lending partner of Bajaj Markets. Apply now!