Know Simple Steps To Get Short Term Personal Loan With Bajaj Finserv - Loan Trivia


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Thursday 16 June 2022

Know Simple Steps To Get Short Term Personal Loan With Bajaj Finserv

They are easy to obtain, disburse quickly, and offer flexible repayment terms, making the short-term personal loan popular in India. 

Take a look at what you need to know about personal loans:

  1. The interest rate ranges between 13.00% and 16.00%.
  2. A 12- to 60-month personal loan repayment tenure is available
  3. 21 to 67 years of age

In order to avoid paperwork hassles and receive faster approval for your loan, you can apply through online lending portals. Apps and web portals are both available for applying for short personal loans through their company. 

The loan eligibility criteria can vary from lender to lender. You can qualify for the loan if your credit utilisation ratio is less than 30%, you have a stable income source, and you have a good CIBIL Score.

Otherwise, you should check out this lending app available on the Google Play store for information about the maximum loan amount, repayment term, interest rate, the annual percentage rate, processing fees, and how to apply.

There're so many startups providing lending services in India right now, and as a way to gain reputation and trust, they're disbursing loans instantly. In order to attract customers, they follow soft lending eligibility criteria.

Applying online 

This lender has made the application process more straightforward, among many other benefits. Usually, the personal loan application process consists of four steps. Complete the online application and provide your personal, financial, and employment information. After this, you must indicate the terms and amount of the loan. An instant approval will follow, after which you must submit the documents. You will receive your loan disbursement into your preferred bank account within 24 hours.

Documents Required

To apply, one must present the following documents required for a personal loan:

  1. Photographs the size of a passport
  2. Aadhaar, PAN, Driving license, voter identity card, passport - KYC documents
  3. Detailed statements of bank account for the last three months
  4. The two-month salary slip

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