We often tend to delay our larger expenses until a time when we have surplus funds to address them. Take for instance a home renovation project or that post-graduation course that you’ve been eyeing for a while. Both these usually demand a huge expense, and we typically push these for a later time. But what if you could make these expenses and split the costs into manageable EMIs?
Personal loans could be very useful in these circumstances. These loans can be utilised for a variety of objectives, such as paying for unexpected medical expenditures, organising an extravagant wedding, upgrading your home and more. There are various NBFCs and banks that provide low-interest personal loans with minimal documentation requirements. Bajaj Finance Limited is one such NBFC that provides personal loans with several attractive benefits.
Follow these simple steps to avail of a Bajaj Finance Personal Loan:
● Visit the ‘Personal Loan’ page on the Bajaj Finserv website.
● Click on ‘APPLY’ to open the online application form.
● Enter your 10-digit mobile number and the OTP sent to your phone.
● Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
● Now, click on ‘PROCEED’ to visit the loan selection page.
● Enter the loan amount that you need. You can choose from the three personal loan variants – Term Loan, Flexi Term, and Flexi Hybrid.
● Choose the repayment tenure – you can select a tenure option from 6 months to 96 months. Now, click on ‘PROCEED’.
● Complete your KYC and submit your application.
That’s how easy it is to apply for a Bajaj Finance Personal Loan.
Now that you know how to apply for a Bajaj Finance Personal Loan, let’s also look at the key benefits it offers:
● No requirement for collateral
You are not required to put up any asset as collateral for a Bajaj Finance Personal Loan. These loans are easier to obtain for individuals who lack collateral or are unwilling to offer their assets for this purpose. Furthermore, because there is no need for asset verification or valuation, the personal loan verification process is faster and more convenient.
● Minimal documentation
To avail of a Bajaj Finance Personal Loan, you don’t need to submit lengthy paperwork. The eligibility criteria and documents needed are simple. All you need to submit are your KYC documents, PAN Card, employee ID, and the latest three months’ salary and bank statements.
● Rapid disbursal
Personal loans are processed and issued faster than other types of loans. As a result, it is a popular option for those in need of money urgently. Bajaj Finance Personal Loans are normally disbursed within 24 hours* of loan approval. This makes it the best alternative for dealing with unexpected or urgent expenses.
● Substantial loan amount
The amount of the loan provided to borrowers is one of the key benefits of applying for a personal loan. Bajaj Finance Personal Loan allows you to pay for large expenses by providing a loan of up to Rs. 40 lakh. This provides you with the financial flexibility you require to cover the large expenses you have been delaying.
● Convenient tenures
Bajaj Finance Personal Loans have flexible payback terms, making debt repayment simple for borrowers. Customers can choose a loan duration ranging from 6 to 96 months. This may be the best choice for those seeking greater freedom and flexibility in their repayment journey.
A Bajaj Finance Personal Loan is a dependable and secure way to meet your large or small demands. You can also estimate your monthly payments in advance by using their EMI calculator to plan your loan finances wisely. It just requires basic inputs such as loan amount, tenure, and interest rate.
Visit the Bajaj Finserv website and apply for a personal loan today.
Moneycontrol Journalists are not involved in creation of this article.