5 Amazing Personal Loan Benefits At A Glance - Loan Trivia

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Friday 19 March 2021

5 Amazing Personal Loan Benefits At A Glance

 


If you need a considerable amount without issues and waiting for long, you can count on the quick personal loan to help you out. 

Yes, applying for the online personal loan has become one of the most sought after methods if you need money. It is because you don’t have to pledge anything to get the approval. 

If your CIBIL score is 750 or more, you have been consistently employed and have repaid previous bills on time; you may get the approval. 

On the basis of your eligibility, a lender may let you access a higher amount. 

On that note, how about checking immediate personal loan benefits? 

Read on and get to know about personal loan benefits via this post!

Personal loan benefits at a glance 

  1. A higher loan amount 

If you need a large amount, then you don’t have to apply with different lenders. It is because leading online lenders can help you avail a large amount. As per the basis of your eligibility, you may get an amount as high as up to Rs.25 lakh. You can use the eligibility calculator to know the exact figure that a lender can approve. The tool is available for free on most online lender’s websites. 

  1. Instant approvals within minutes 

One of the vital personal loan benefits is that you don’t have to wait for an indefinite time to get the loan approval. If you are the right candidate, you can get the loan approval within minutes. The approval process is paperless. This means that you can stay at home and avoid getting affected by the deadly COVID-19. 

  1. Money in your bank account within 24 hours* 

One of the significant personal loan benefits is that once your loan application gets approved, you don’t need to wait for long to get funds in your account. It is because leading lenders disburse the loan amount into your bank account within 24 hours*. 


  1. Loan repayment within a flexible tenure of up to 60 months 

If you thought that the quick personal loan would hamper your monthly budget, you need to think again. It is because reputed lenders in India can let you repay the personal loan within a flexible tenure of up to 60 months. If you want to know how much EMI amount you will repay per month during the tenure, you can relax. Yes, you can use the online personal loan EMI calculator available on your lender’s website for free. This way, you can be sure of the exact EMI amount payable every month. It can also help you plan your finances much better. 

  1. Make the most of Flexi feature and pay up to 45% lower EMIs*

One of the biggest personal loan benefits from a renowned lender is that you can borrow an amount from your limit as per the needs. It means that you don’t have to apply for multiple times and submit documents again. What’s more, you can also reduce your EMI outgo by up to 45%* and manage your expenses without issues. 

You just went through some of the most immediate personal loan benefits you can access while applying for it online. 

Other personal loan benefits include using the loan amount for any purposes. You also don’t have to pledge any collateral or security to get the loan approval. 

If you are ready, you can start applying for the personal loan online on a lender’s website and quickly cover your needs.    

Bajaj Finserv, one of the top NBFCs in India, offers pre-approved offers on personal loans and more. It is to simplify your loan processing. 

You can check out your pre-approved loan offers by sharing your basic details like your name and mobile number.   



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