Personal Loan for 4 Years

An unsecured loan taken for this duration presents several advantages, making it a reliable solution for medium-term financial requirements. Consider the following reasons to opt for a loan with a 4-year tenure:

• Reduced Financial Strain

Spreading repayments over four years allows for lower monthly instalments, making it easier to manage finances without stress.

• Interest Savings Compared to Long-Term Loans

Although slightly longer than short-term credit, a four-year loan still helps limit total interest costs when compared to extended loan tenures.

• Positive Impact on Credit Profile

Paying your loan EMIs on time over this 4-year period helps to improve your credit score. With a consistent repayment record, you can qualify for your next loan with ease and meet other life goals. 

• Convenient Digital Application

Bajaj Markets offers a user-friendly online process with minimal paperwork and fast loan approval for a loan of this tenure for added ease.

• Quick Disbursement

Loans with a 4-year term are processed efficiently, allowing you to address urgent expenses such as medical emergencies, education fees, weddings, or travel plans without delay.

Opting for a 4-year personal loan comes with a range of advantages, making it a reliable financial solution for your needs. These are as follows:

• Apply with basic documentation for quicker loan approval

• Save on total interest due to the shorter repayment duration

• Repay the loan within four years and avoid long-term financial commitments

• Effectively manage routine expenses without impacting your monthly budget

• Support business cash flow during lean seasons

• Access immediate funds for urgent medical, personal, or business-related needs

• Well-suited for both salaried individuals and self-employed professionals

To apply for a personal loan for 4 years on the Bajaj Markets, meeting the following criteria is mandatory:

• Citizenship: You must be an Indian citizen

• Employment Type: Both salaried and self-employed individuals are eligible

• Age Requirement: The minimum age to apply is 18 years

• Income Criteria: Stable source of income is recommended

• Work Experience: You should have at least 6 months of work experience

• Credit Score: A CIBIL score of 685 or above is necessary

If you meet the eligibility criteria and have all the valid documents available, you can follow these steps to apply for a loan on Bajaj Markets. 

1. Click on the ‘Apply For Loan’ option on this page 

2. Choose your profession from the dropdown options provided

3. Enter your mobile number and PIN code 

4. Accept the terms and conditions after reading carefully 

5. Click on ‘Proceed’ 

6. Enter or choose the following details as required, such as PAN, Name as per PAN card, Date of birth, Employer category, Employer/company name, Net monthly salary, Email ID, Gender, Salary credit mode (Bank or Cash)

7. Click on ‘Submit’ 

8. Review and select loan offers based on your eligibility 

9. Provide any additional details if requested   

After submitting the application, you will get a call from an executive with an offer. After accepting the offer and submitting the documents, the funds are disbursed into your bank account shortly.