5 Benefits That Make The Bajaj Finserv Personal Loan Ideal in a Cash Crunch

5 Benefits That Make The Bajaj Finserv Personal Loan Ideal in a Cash Crunch
2 min read
05 Jan 2021

An instant personal loan is now commonly available and an easily accessible option for borrowers in India. Fintech advancements have allowed lenders to streamline and simplify the loan underwriting process. For borrowers, the instant personal loan is quite a time saver. Moreover, availing an instant personal loan online from Bajaj Finserv means not only saving time, but also benefiting from features like a high, collateral-free sanction and a flexible repayment tenor. These features can greatly aid you when you find yourself strapped for cash.

To help you better understand the benefits of availing the Bajaj Finserv Personal Loan during a cash crunch, consider these 5 points.

You Have Access to Finance of Up to Rs. 40 lakh

Whether you’re looking for small instant loans or something to fund a major expense, the Bajaj Finserv Personal Loan is a smart option to go with. Thanks to this instant personal loan, you can get up to Rs. 40 lakh as the sanction. Such a large amount isn’t readily available with many instant loans in the market. Further, this amount can easily help you address most obligations, especially those you’re facing during a cash crunch.

You Obtain Collateral Free Funding

When faced with a cash crunch, you may not be inclined to risk any important assets you own by pledging them as collateral for the loan. Thankfully, Bajaj Finserv offers an instant personal loan and doesn’t demand security, even if your borrowing needs are large. The unsecured nature of the loan is doubly beneficial as it not only allows you to qualify for funding easily, but also speeds up the loan processing time. The latter is mainly due to the fact that lenders can forego lengthy asset valuation and verification protocols they would otherwise have to undertake.

You Get Instant Approval and a 24-Hour Loan Disbursal

When looking for worthwhile personal loans online, instant approval is a feature that you should definitely look for. This fits the need for urgent funding and adds convenience to the entire experience. With the Instant Personal Loan, instant approval is a feature you can enjoy while also benefiting from a speedy disbursal. When you apply online, you get approved in under 5 minutes and stand to benefit from a swift, 24-hour disbursal.

You Can Repay The Personal Loan Over 96 months

A key benefit to opting for the Bajaj Finserv Personal Loan during a cash crunch is that you can tailor repayment to suit your capabilities. With a flexible tenor ranging up to 96 months months, you can ensure that your EMIs remain pocket-friendly by opting for a long-tenor loan. That being said, you should note that lowering your EMI amount results in a higher total interest outgo. So, use the Personal Loan EMI Calculator to strike a reasonable balance between the two.

You Benefit From Special Features For Greater Financial Flexibility

The additional features and benefits of a personal loan are important to your experience and should be among the factors by which you select an offering. With Bajaj Finserv, you can opt for the Flexi Loan facility, which gives you a convenient way to borrow during a cash crunch. Here, you borrow from your sanction in parts, as needed, and pay interest only on the total amount that you’ve withdrawn. Moreover, you can part-prepay your dues freely, whenever possible, and also opt to pay interest-only EMIs to reduce your monthly outgo by up to 45%. In situations where it can be hard to service full EMIs, this can be a useful feature to opt for, even as you avail an instant personal loan online.

These 5 benefits of personal loan financing from Bajaj Finserv illustrate how the offering is beneficial in a cash crunch. As an existing customer, you can get an instant personal loan without documents and won’t ever have to go through a lengthy application procedure to avail the funding you need. To enjoy all the perks that come with the Bajaj Personal Loan, apply online by filling the application form and enjoy instant personal loan approval too!

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