Features and benefits of loan against insurance
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24x7 customer support
Access to a dedicated relationship manager who will offer 24-hour support, all days of the week.
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Easy repayments
Flexible prepayment and foreclosure facility that lets you prepay or foreclose your loan at no additional charges.
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Easy online application
Benefit from a simple online application process with swift disbursal.
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Hassle-free access to your account
Track all your loan-related details by simply logging in to the customer portal – Experia.
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Easy eligibility criteria
Salaried or self-employed resident citizens of India who are 21 years of age or more can apply for this loan.
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Flexi loan facility
Make multiple withdrawals from your total sanctioned amount and pay interest only on the amount utilised.
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Minimal documentation
Submit basic documents such as ID proof, address proof and document proof of the insurance policy to apply for a loan.
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High loan value
Get funds up to Rs. 10 crore to finance a diverse range of needs.
Bajaj Finance Ltd. offers a hassle-free loan against insurance, so you can get funds for financial emergencies by pledging your insurance policy as collateral. This ensures that you keep your insurance intact for emergencies while also raising funds for immediate use. You can get up to Rs. 10 crore and finance your multiple expenses, such as purchasing new premises for your business, merging with another organization, or buying a high-value property.
Bajaj Finance Loan Against Insurance comes with simple eligibility criteria, and any salaried or self-employed individuals above 21 years of age can apply for a loan. However, the value of your insurance must be at least Rs. 10 lakh, plus you must have a regular income.
