What is the personal loan disbursement process?

2 min read

A personal loan allows you to finance diverse needs easily, be it weddings, debt consolidation, business expansion or overseas education. Bajaj Finserv makes this loan even more beneficial by offering swift approval (against minimal personal loan eligibility criteria and basic documents) and streamlined disbursal.

Bajaj Finserv Personal Loan disbursal procedure

Disbursement amount
You can ask for the entire loan amount you have secured to be disbursed. Optionally, you can withdraw as much as you want from the total sanction by utilising the Flexi facility.

When you choose the latter, you also get repayment flexibility. You only have to pay interest on the portion of funds you utilise and make part-prepayments as per your convenience. What’s more, you can also pay with interest-only EMIs at the start of the tenor.

Disbursement process
Once you get approval, the money is transferred to your bank account through NEFT within 24 hours*. Alternatively, the money can be disbursed through a demand draft or cheque sent to your verified address.

Disbursement confirmation
You will get confirmation of disbursement through an email. Here, your eligibility and the documentation submitted will be reiterated. Additionally, you will receive the loan agreement, details about the repayment tenor and personal loan interest rates, as well as other pertinent details.

Now that you know how Bajaj Finserv ensures speedy disbursal use our Personal Loan EMI calculator to determine EMIs beforehand and then apply online. Read all about our personal loan application procedure before you do so.

*Conditions apply

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