Avail a Bajaj Finserv Personal Loan in just 2 clicks - Loan Trivia

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Thursday, 14 May 2020

Avail a Bajaj Finserv Personal Loan in just 2 clicks

Get instant finance without leaving home with a Bajaj Finserv ...

Leading lenders like Bajaj Finserv have taken the convenience of availing personal loans a notch up. The simplified process to avail a Bajaj Finserv Personal Loan ensures that individuals are firm in their financial footing towards any unprecedented expenses and do not have to erode their savings that might be essential to meet everyday expenses. 

To that effect, it has introduced digital personal loan availability to customers in merely 2 clicks from the comfort of their homes. 

An Overview of Personal Finance in India – 

  • 28% - Growth of personal loans in India in the 3rd Quarter of FY 2019 – 20.

  • $1134.5 million - Transaction value of personal finance in India via digital remittances in 2019

  • 19.3% - estimated CAGR of the personal-finance transaction value from 2020 – 23

  • 48.1% - YoY growth in the number of personal loan accounts in India

How to Avail a Personal Loan With Bajaj Finserv in 2 Clicks?

You need to follow necessarily two steps or clicks to avail a digital personal loan in 2 clicks. These are – 

  1. Check Your Pre-Approved Offer

Existing customers can check their pre-approved offers which aim at speeding up the process behind loan disbursal by simplifying the personal loan application status. These offers are available on a list of financial products like personal loans, business loans, etc. In order to check your pre-approved offer, you need to provide your phone number and full name. Next, click on “Get OTP”. You will receive it on the registered mobile number. 

Enter the one-time password in the subsequent page to view your pre-approved offer on a personal loan. 

  1. Select the Amount and Tenor

According to your eligibility, you will be liable to avail a personal loan up to a specific amount. Select any amount within that range and choose the repayment tenor as per your convenience and apply. 

All you need to do from your end is conclude with the step mentioned above. It is not followed by any personal loan verification process, therefore, expediting the entire procedure.

What are the benefits of a Bajaj Finserv Personal Loan?

Here are a few reasons to apply for a Personal Loan from Bajaj Finserv – 

  1. Instant loan approval

One of the winning points of a personal loan from this financial institution is that you receive the funds in your account within 20 minutes from application. Thus, it enables you to address emergencies with ease. 

If you are an existing customer of Bajaj Finserv, you simply need to follow the steps mentioned above and receive the amount in your account in real-time with a 100% digital personal loan disbursal process.

  • By 2023, the number of loan seekers who avail of a loan online is expected to rise to 75% from 50% in 2018.

  1. No-contact documentation

If you avail your pre-approved offer, you might not need to go through any documentation or personal loan verification process. Your task is to confirm the details mentioned in the pre filled application form and if necessary, make modifications to those. 

Therefore, it relieves you of the in-person documentation and verification and facilitates speedy loan disbursal. 

  1. High loan amount

Alongside a straightforward application process, you can also avail of a high loan amount to attenuate your financial obligations, large and small. You can avail of a personal loan with low credit to purchase durable goods or high credit to meet medical emergencies or home renovation. 

  • In FY 2018 – 19, Bajaj Finance Limited, Bajaj Finserv’s lending arm, financed more 12.7 million purchases of durable goods and digital products. 

Also, the facility of no end-use restriction allows you to utilize the funds to meet multiple small and large monetary obligations with ease. Hence, you can also use a Bajaj Finserv Personal Loan to consolidate your high interest debt.

  1. Comfortable repayment tenor

You can enjoy a flexible tenor at your disposal, i.e. up to five years or 60 months for repayment of a personal loan. This feature puts you in control of the repayment process and ensures that you are able to choose the exact tenor that is compatible with your finances. 

Make use of an EMI calculator to check the installments according to various tenor periods. A shorter tenor would ensure higher EMIs but less payment of interest and vice versa. 

  1. No collateral or hidden charges associated

You do not need to leverage collateral with the financial institution to avail of this line of credit; therefore, it further simplifies the process of approval since there is no asset verification involved. 

Moreover, there are no hidden charges involved during loan disbursal or repayment. Every fee would be mentioned in your loan agreement along with the affordable interest rate on the loan. 

Therefore, whether it is a Bajaj Finserv Personal Loan with low credit or high credit, you can apply with 2-clicks. This quick availability capacities you to meet any financial obligation, unprecedented or otherwise, with ease and simplicity. 

Must Read: Get money in 2 clicks with a 100% digital personal loan

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