How to apply for a personal loan using a mobile app

Read on to learn the steps and benefits of using a mobile app for applying for a personal loan.
How to apply for a personal loan using a mobile app
5 min read
02 August 2023

We realise the importance of having access to funds at any given point. Thus, we provide funds with attractive personal loan interest rates that can be accessed rapidly. A personal loan is a useful tool when you need money immediately to manage your planned or unplanned expenses. Whether it is to meet a planned expense or to cover an emergency, a personal loan provides instant access to funds. Bajaj Finance Limited offers a convenient way to apply for a personal loan with the click of a few buttons. The Bajaj Finserv app is tailored for modern-day borrowers who seek easy and secure access to finance. It allows you to apply for a loan from the comfort of your home with minimal documents.

Benefits of using a mobile app for applying for a personal loan

  1. Convenience
    The primary advantage of using our online loan app while applying for a personal loan is the convenience it offers. No more queuing outside financial institutions, spending hours, to apply for a loan. With a mobile app, the loan application procedure can be completed from anywhere, at any time, and in just a few minutes.
  2. Ease of use
    Mobile apps are user-friendly, making it easy for customers, to navigate around the app without any difficulty. Whether you are applying for a personal loan for the first time or a seasoned borrower, using a mobile app makes the process hassle-free and straightforward.
  3. Easy document upload
    The entire loan application process can be completed on a mobile app, including uploading necessary documents. The app enables the borrower to take a photo of the required documents or choose the document from the phone's gallery, reducing the need to visit the branch. Moreover, opting for a paperless documentation process reduces the chances of errors and discrepancies, making the loan application process more efficient and seamless.
  4. Enhanced security
    Mobile apps have robust security measures in place to ensure that communication in the app is secure. Two-factor authentication increases the app's security further, reducing the chances of fraud and cybercrime.

Steps to apply for a personal loan using the mobile app:

Applying for a personal loan using a mobile app is a straightforward process. Here is a guide on how to apply for a Bajaj Finance Personal Loan using our mobile app:

  • The first step is to download our Bajaj Finserv App from the Google Play Store or Apple App Store.

  • Once downloaded, open the app and register for a new account or log in if you already have an existing account using your mobile number and OTP.

  • Once registered, you need to select the ‘Loans’ option from the home screen.

  • Next, click on the ‘Apply Now’ button under the ‘Personal Loan’ tab.

  • Fill out the necessary personal and professional details and then click on ‘Proceed’.

  • Choose the amount you need, the loan variant and check the EMI details.

  • Follow the KYC, bank account and income verification process and submit necessary documents.

Once your request has been submitted, our representative will get in touch with you for the next steps.

With the changing times and increasing preference for digital channels, mobile apps are the way forward for personal loan applications. Hence, individuals who need a personal loan should consider using a personal loan mobile app, to access all the benefits the digital platform provides. The entire process of applying for a personal loan using the Bajaj Finserv App is quick, easy, and hassle-free. It eliminates the need for visiting a branch and standing in long queues for applying for a loan.

Download the Bajaj Finserv App today and take advantage of the simple personal loan application process.

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