If you are working at an MNC, a private or a public firm, this type of salaried personal loan is tailored for you. The advance becomes necessary to counter a temporary financial crisis or an immediate liquidity requirement. Use the amount availed without restrictions.
As an unsecured loan, there is no need to pledge any asset or bring in a guarantor for credit approval. Seek an instant loan for salaried employee directly after qualifying all eligibility parameters.
The eligibility criteria include -
A Bajaj Finserv Personal Loan comes with exclusive features making the borrowing experience comfortable.
Avail online loan for salaried applicants up to Rs.25 lakh. This high-value credit can help you address all big-ticket expenditures or investment plans.
Loan verification can be complete with some essential documents only. Submit your employment ID, proof of address, proof of identity, proof of income and passport-sized photograph to complete the process.
Keeping customers’ convenience at the forefront, Bajaj Finserv offers a doorstep document collection facility. Our representatives come over to take all the papers and complete the verification without any hassle.
Unexpected charges can increase the total cost of borrowing, thereby posing chances of default. The best personal loan for salaried employees imposes zero hidden charges, ensuring transparent financing. You can easily check all the fees and charges associated before submitting your application.
Receive instant approval on short term loan and disbursal within a few hours. Make sure to fill up the application form with authentic information. Any incorrect detail highlighted during verification may lead to rejection of the application. Once approved, receive the personal loan amount in salary account or wherever you specify.
On meeting all the personal loan eligibility parameters, opt for evaluation with an online eligibility calculator. It shows the maximum loan amount you are qualified to avail based on the date of birth, place of residence, monthly income and expenditure. Such a calculator increases the chances of approval, and you get access to a quick loan effortlessly.
Know the monthly instalments and have a proper financial plan for loan repayment before applying. The best way to calculate EMI on personal loan is with an EMI calculator. The online tool requires loan amount, preferred tenor and the applicable rate of interest to compute EMIs, total payment and total interest. It will also give the amortisation schedule.
A loan for salaried person is a multipurpose credit. Borrow the fund to meet varied requirements, including home renovation, wedding, foreign trip, higher education, debt consolidation, healthcare and more.
Bajaj Finserv offers online account management facility through the dedicated customer portal – Experia. Borrowers can check their loan application status, EMI due dates, current outstanding principal, payment status and every loan-related detail easily through this portal. It is free and accessible 24x7.
A personal loan for salaried employees comes with a few associated charges, including -
Ensure to read the terms and conditions beforehand to avoid any surprise charges.
The choice of floating or fixed rate of interest depends on your financial capability and the risks you want to take. Fixed interest rates remain constant throughout the tenor; hence, the risk factor is less. On the contrary, floating rates increase or decrease based on market conditions. While these are comparatively lower, there remains a chance of them increasing. Opt for floating rates on a personal loan for salaried employees if you have financial capability to manage the increase.