Bajaj Finserv offers easy Loan Against Insurance, so you can get funds for financial emergencies, by pledging your insurance policy as a collateral. This ensures that you keep your insurance intact for emergencies, while also raising funds for immediate use.
Taking a Loan Against Insurance, can help you enjoy several different benefits. Here are the benefits of taking a Loan Against Insurance, by Bajaj Finserv.
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High Loan Value
Take a loan up to Rs. 10 crore, to finance a diverse range of needs. Be it the purchase of new premises for your business, a merger with another organisation or buying a high-value property, this loan can help you attain various personal and professional goals with equal ease.
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Dedicated Relationship Manager
Get access to a dedicated Relationship Manager who will offer 24-hour support, all days of the week. Hence, you need not travel long distances to the branch, to seek answers to your doubts.
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Easy Repayments
By taking a Loan Against Insurance by Bajaj Finserv, make repayments easily. You also benefit from relaxed prepayment and foreclosure terms, so you don’t have to pay any additional charges.
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Easy online application
With a loan Against Insurance by Bajaj Finserv, you can enjoy a simple online application process. Upon approval, the amount will be credited directly to your bank account.
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Easy eligibility criteria
This loan features simple eligibility criteria. If you are a salaried or self-employed resident citizen of India, of 21 years of age or more, you can apply for this loan. However, you need to ensure that the value of your insurance is at least Rs.10 lakh, and that you have regular income.
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Hassle-free access to your account
You can monitor and track all your loan-related details easily, and view interest statements, principal statements and account balance, by simply logging in to the customer portal with your allotted user ID and password.
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Minimal documentation
You don’t have to take on the hassle of submitting several documents when applying for this loan. You can speed up the application process by submitting only basic documents such as ID proof, address proof, document proof of the insurance policy, and a passport size photograph.
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Flexi loan facility
A flexi-loan facility is best for individuals needing finance unexpectedly, or on a periodic basis. You can use this facility to make multiple withdrawals from your total sanctioned amount, and pay interest only on the amount utilised. You can also choose to pay interest-only EMIs and repay principal at the end of tenor.
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