What is “100% Digital Lending” by Bajaj Finserv?

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What is “100% Digital Lending” by Bajaj Finserv?

What is “100% Digital Lending” by Bajaj Finserv?

  • Highlights

  • With 100% Digital Lending, you can get a loan in 2 clicks

  • Click to view your pre-approved offer and click to get funds

  • After the 2-click process, a 100% online disbursal follows

  • Funds are wired to your bank electronically in 20 minutes

In times past, getting a personal loan involved a lengthy offline process. In recent times, technological improvements have allowed for online applications and reduced approval and disbursal times. Nevertheless, even here, intervention of your lender’s representative is required for approval to be given. However, today, you can get a personal loan all by yourself through Bajaj Finserv’s 100% Digital Lending mechanism. All you need to do is avail a loan in 2 clicks through your pre-approved personal loan offer and get the money in the bank account in 20 minutes.  

Read on to know how 100% Digital Lending offered by Bajaj Finserv works.

Avail a Loan Online in 2 Clicks

For existing customers, getting a Bajaj Finserv Digital Personal Loan is an easy affair, and one that can be completed in minutes. All you need to do is:

 

  • Click to view your pre-approved personal loan offer

  • Review the details in the pre-filled form

  • Click to avail the loan and initiate disbursal

You can access your pre-approved offers through the customer portal, Experia, and since the entire process can be carried out online, you can get a personal loan anytime, from anywhere—even from the comfort of home!

Additional Read: How to Log In to Bajaj Experia Customer Portal?

Get Instant Digital Verification

Regular digital loans include a verification check from the lender’s side, but when you avail a loan through a pre-approved offer, this step is not involved. Rather, money is kept ready for you, whenever you need it, personalised according to your existing relationship with Bajaj Finserv. Further, since you are eligible for funding and Bajaj Finserv already has your documents, no paperwork whatsoever is required. So, in this quick mode of digital lending, you get instant verification, as soon as you choose to avail the loan.

Obtain Funds via an Online Disbursal

Once you choose to avail funding through the 2-click process, a swift disbursal follows, and funds are transferred to your bank account in 20 minutes. This too is done electronically, making it possible to get this instant personal loan through a 100% Digital Lending mechanism. 

Below is a tabular depiction of the 100% Digital Lending process flow.

Step 1 Step 2 Step 3 Step 4
Click to view your pre-approved personal loan offer Click to avail the personal loan Get instant verification, without lender-side intervention Get money in the bank in 20 minutes

As you can see, speed and ready money are two significant upsides of the 100% Digital Lending mechanism.   However, there are other important benefits that you should keep in mind.

How 100% Digital Lending is Better than Regular Online Lending

Regular Online Lending 100% Digital Lending
Click to view your pre-approved personal loan offer Click to avail the personal loan
Documents must be uploaded Nil requirement for documents
Online application to be done No application. You can simply avail a loan in 2 clicks
Loan verification through lender-side intervention No lender-side verification involved
Disbursal in 60 minutes to 24 hours Disbursal in 20 minutes

Having considered the advantages of this mode of digital lending, consider the benefits of the Bajaj Finserv Digital Personal Loan.

Additional Read: Instant Personal Loan Without Leaving your Home

Benefits of the Bajaj Finserv Digital Personal Loan

Below are the salient features and benefits of the loan you get through the 100% Digital Lending process.

  • 100% online loan: From start to finish, you can get this loan using a laptop, PC or smartphone and an internet connection

  • 2-click process: It takes just 2 clicks to avail this instant personal loan

  • 0% rejection: Since you are pre-approved, the chances of rejection are nil

  • Quick disbursal: Funds are transferred to your bank account in 20 minutes

  • 0 documents: Bajaj Finserv already possesses your documents, and this is a paperless process

  • High loan amount: You get ample finance, personalised to your personal profile

  • Flexible tenor: You can repay the loan over a maximum of 60 months

  • No hidden charges: You know upfront the total cost of borrowing

  • Collateral-free: You get the loan without pledging an asset as collateral

Now that you know what 100% Digital Lending is, how it works, and have considered the advantages of the instant personal loan you get through it, start financing your needs without stepping out of your home. These needs could take the form of a healthcare emergency or even self-improvement via an online course. All you need to do is check your pre-approved personal loan offer and avail the loan you qualify for to benefit from Bajaj Finserv’s 100% Digital Lending process.

DISCLAIMER:
The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.
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