You may need money for a planned expense, or you may be in dire need of money for something that arises out of the blue. Either way, you don’t have to spend a few hours planning your next step. The personal loan is the simplest solution because you can benefit from it easily and in just a few minutes. Before you apply, all you need to know is how much loan amount you will need and how long you want it to be. With this information, you can find lenders. Many have lenient criteria so you can qualify without any hassle and in just a few minutes.
Stick to simple terms and avoid risking an asset
Personal loans are unsecured offers – this means that you can benefit from them without pledging your assets. As such, you just need to have a suitable profile to gain approval. Additionally, major lenders have simple requirements that primarily rate five main categories, namely:
– Annual revenue
– CIBIL Note
– Type of employment
As an unsecured instrument, Bajaj Finserv personal loans are much easier to use and faster too! You also get hassle-free loan processing as lenders don’t have to assess and verify assets. This is a key benefit, as you may not have the time to take the necessary steps to get the loan approved.
Get a big sanction and tick your wishlist
Spending comes in all shapes and sizes, and you need the freedom to spend the way you want. A personal loan responds to this because it has no restrictions on use. You can use the sanction to renovate your home, buy new appliances, buy family gifts, host a wedding, or book travel tickets. Apart from the leisure expenses, this loan can also help you to meet large financial obligations. You can use it to consolidate debt or manage medical or business expenses. A personal loan offers unlimited freedom and you can pay for almost any expense on your wish list without restrictions.
Benefit from same-day disbursement and easily deal with urgent expenses
In case of urgent expenses, you can opt for a personal loan and rely on it when needed. Major lenders now have fully digital layouts, through which you can get funds almost instantly. This is because in some cases you get instant approval and receive the full sanction within 24 hours. This is a useful feature to look for in a personal loan because it secures funds should you ever be in a rush.
Spend according to your budget and repay comfortably
Debt pressure induced by using a personal loan is a common concern. However, new-age lenders solve this problem by offering flexible tenor. This means that you can choose to repay comfortably, depending on your abilities, without having to worry about an overpriced monthly payment. In many cases, you can opt for a repayment plan that lasts for up to five years. This allows you to calculate EMI personal loan options that not only fit your budget but also help you save on interest.
For true flexibility and convenience, opt for the Bajaj Finserv personal loan. Here you can get a penalty of up to Rs. 25 lakh and a long repayment term of up to 60 months. Get a low interest personal loan by fulfilling simple eligibility criteria and submitting just a few documents. To get started, check your pre-approved offer and apply online.
* Conditions apply
Disclaimer: This content is distributed by Bajaj Finserv. No HT journalist is involved in the creation of this content.
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