In the Indian lending market, quick personal loans are one of the viable financial products to address various monetary needs with ease. From children’s higher education to a medical emergency, the credit allows effortless management of both expenditures and investments.
Apply for a quick loan online to enjoy instant approval on the funds.
Features and Benefits of Quick Loans
Below are some of the advantages of availing of quick online loans from Bajaj Finserv.
Quick personal loans prove beneficial, especially when the amount required is urgent. The lender approves this credit instantly and ensures fund disbursal directly to the borrower’s account. The latter can then withdraw as and when required.
As the loan is collateral-free, it involves no risk of asset confiscation in case of default. Funds are sanctioned based on certain eligibility parameters which borrowers need to qualify.
Availing credit to cover monetary requirements often increases debts when a borrower fails to repay on time. To make repayment more convenient, choose from a flexible tenor of up to 60 months. As a customer, you get to select a feasible repayment schedule according to your financial capability and goals. The loan can be repaid in small, manageable EMIs until maturity.
Here, an online Personal Loan EMI calculator can aid in choosing an appropriate tenor. Not only your monthly instalment, but you can also know the total payable interest and cost of quick loan.
Bajaj Finserv maintains completely transparent terms and conditions with no hidden fees associated. Moreover, processing fees and additional charges apart from interest rates on personal loans are also reasonable. You must take all the fees and charges on personal loans into consideration beforehand to prevent any surprise charges.
Flexi Personal Loan is an innovative feature that makes repayment more flexible and helps save on EMIs significantly. This facility allows borrowers to withdraw multiple times from a pre-sanctioned credit amount and repay at their convenience. Moreover, the rate of interest is levied only on the amount withdrawn and not on the total outstanding principal.
Bajaj Finserv brings easy-to-meet eligibility criteria, which makes a quick personal loan accessible for all. Below are some of the basic parameters -
You can avail of a quick loan for bad credit score by following these tips –
Besides these, a minimum monthly income is mandatory to apply for a quick loan. It depends on your place of residence in India. For instance, residents of Noida, Mumbai, Bangalore, Thane, or Pune should earn at least Rs.35,000 per month to avail the amount. Again, those from Calicut, Baroda, Goa, Mysore, Vizag, or Trichy must earn at least Rs.25,000 per month.
A convenient way to check if you qualify is with a personal loan eligibility calculator. This online tool ascertains the amount you can apply for based on city, date of birth, monthly expense, monthly income, etc.
Another crucial part of applying for a quick loan is documentation. Here’s a list of documents applicants will need to furnish –
While these are primary documents, you may need to submit additional papers as well, if required.
With these documents, proceed to apply for an instant personal loan from Bajaj Finserv.
Fill up the online application form with accurate personal, employment and financial details. Select your qualifying credit value as per your eligibility and a suitable tenor. As our representatives arrive at your doorstep, hand over all the updated documents and enjoy quick approval and disbursal of the quick loan.