Personal loan in Ratlam

Whether you require funds for medical bills, education expenses, or any personal requirements, consider our personal loans tailored to meet your specific needs in the city of Ratlam.
Personal loan
3 min
16-February-2024

Ratlam, located in the Indian state of Madhya Pradesh, is a historic city known for its cultural heritage and commercial significance. Renowned for its traditional handicrafts, Ratlam also boasts historical landmarks like the Kedareshwar Temple and Cactus Garden. The city's vibrant markets and diverse cuisine add to its unique charm.

Personal loan in Ratlam

Securing a personal loan in Ratlam involves researching the financial institutions and NBFCs to find competitive interest rates and favourable terms. Ensure a good credit score, prepare necessary documentation, and submit a comprehensive application. Comparing loan offers diligently ensures responsible borrowing, meeting financial needs effectively in Ratlam.

Features and benefits of personal loan in Ratlam

Bajaj Finance Limited presents personal loans with unique features tailored to meet a variety of financial requirements. Here are five key features of our personal loans:

  • Minimal documentation
    Our streamlined personal loan application process requires minimal documentation, simplifying the entire borrowing experience and reducing the time and effort needed to secure the loan. Few essential documents such as income proof, address proof, and KYC are mandatory in the application process.
  • Financial flexibility
    Our personal loans offer versatility, enabling borrowers to utilise funds for various purposes such as weddings, home improvement, education, or any unforeseen expenses. Borrowers have the liberty to determine how to use the loan amount based on their individual needs.
  • Quick approval
    Bajaj Finance Personal Loans feature a streamlined application process, ensuring borrowers swift access to funds of up to Rs. 40 lakh within a day of approval. This aspect is particularly advantageous in emergencies or situations requiring immediate financial aid.
  • No collateral
    Our personal loans are unsecured, eliminating the need for borrowers to pledge any collateral like property or assets. This accessibility extends to a broader range of individuals who may lack substantial assets to pledge.
  • Convenient tenure options
    Our borrowers have the flexibility to choose a repayment term that ranges from 6 months to 96 months, aligning with their monthly budget and capabilities. This functionality provides ease, guaranteeing that the monthly payments stay within a manageable range for the individual borrower.

Read more about the features of a personal loan from Bajaj Finance Limited.

Eligibility criteria of a personal loan in Ratlam

Once you meet the simple eligibility criteria mentioned below, you can apply for a Bajaj Finance Personal Loan in Ratlam.

  • Nationality: India
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL Score: 685 or higher.
  • Monthly salary: Starting Rs. 25,001, based on the city you live in.

*You should be 80 years* or younger, at the end of the loan tenure.

How to apply for a personal loan in Ratlam?

Follow the steps below to apply for a personal loan in Ratlam:

  • Visit the personal loan page on our website and click on ‘APPLY’.
  • Enter your 10-digit mobile number and OTP.
  • Fill in the application form with your basic details.
  • Now, click on ‘PROCEED’ to visit the loan selection page.
  • Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  • Choose the repayment tenure – you can select tenure options of 6 months to 96 months and click on ‘PROCEED’.
  • Complete your KYC and submit your loan application.

Large loan amounts, competitive interest rates, flexible repayment choices, and a prompt approval process, are few features that make our personal loans noteworthy. With minimal documentation requirements, borrowers can swiftly access funds. Borrowers can use the personal loan EMI calculator to compute the EMIs in advance and get the right loan amount as per their repayment capacity. Bajaj Finance Limited additionally provides customised loan repayment options to address varied financial needs, establishing itself as a dependable choice for those seeking hassle-free financial solutions.

Apply now and get the best deal on our personal loan.

Disclaimer

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*Terms and conditions apply