Apply for a personal loan with a streamlined process and manage your unplanned expenses with ease
When it comes to managing personal finances, there are times when we face unexpected expenses that throw our budget off balance. These expenses can be a medical emergency or a home renovation project that you have not accounted for in your monthly budget. In such a situation, a personal loan comes in handy as it relieves you of the stress of having to dive into your savings. The process of applying for a personal loan has become quicker and more convenient than ever, owing to the advent of technology. NBFCs like Bajaj Finance Limited offer online personal loans with swift processing and minimal paperwork, assisting you in funding both planned and unforeseen expenditures.
Bajaj Finance Limited stands as a prominent NBFC in India, offering customers the convenience of applying for a personal loan from the comfort of their homes.
Follow these simple steps to apply for a Bajaj Finance Personal Loan:
- Go to the Bajaj Finserv website and visit their personal loan page.
- Click on ‘APPLY’ at the top of the page to open their 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.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. You can choose from their three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 6 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Here are a few important benefits that make Bajaj Finance Personal Loans the ideal alternative for your significant expenses:
Loan of up to Rs. 40 lakh
Whether it’s for substantial expenditures like education, extensive home repairs, or medical costs, the Bajaj Finance Personal Loan is designed to provide you with the necessary funds. With a high-value loan amount of up to Rs. 40 lakh, it helps you to fulfil your financial obligations with ease.
Simple eligibility criteria
The eligibility criteria for obtaining a personal loan are straightforward, making it easier for you to obtain your loan. You may find out how much of a loan you qualify for by using the personal loan eligibility calculator, which asks for your age, city of residence, monthly income, and expenses. Furthermore, when applying for a personal loan, you won’t need to provide any security or a guarantor.
Bajaj Finance Personal Loans come with flexible repayment tenure of up to 96 months making them an ideal choice. You can choose a tenure as per your financial situation and manage your loan repayment easily.
Flexi Loan variants
Bajaj Finance Limited offers personal loans in three unique variants – –Term Loan, Flexi Term Loan and Flexi Hybrid Loan. When you choose any of these Flexi variants, a loan limit is assigned to you and you can withdraw funds from this limit as many times as you need. However, the interest is charged only on the amount you withdraw and not on the entire approved limit. With these Flexi variants, you also have the option to part-prepay your loan as many as times you can without paying any additional cost. If you choose the Flexi Hybrid Loan, you have an additional feature of paying interest-only EMIs for the initial part of the tenure. This can be an excellent option if you are looking to enjoy increased freedom and flexibility tailored to your repayment capacity.
Bajaj Finance Personal loans are known for their rapid loan processing. You can get the funds you need within 24 hours* of approval This makes them a convenient solution for covering unplanned and urgent expenses effortlessly.
Bajaj Finance Personal Loan emerges as the ultimate solution, sparing you from the complexities of arranging finances independently. You can also make use of the personal loan EMI calculator available on the Bajaj Finserv website to swiftly calculate your monthly EMI outflow. Simply enter your desired loan amount, preferred tenure, and applicable interest rate to figure out the EMI amount and tenure that best suits your repayment capacity.
With a host of attractive features and a myriad of benefits on offer, it’s hard to consider alternatives when this loan is readily accessible as your fallback option.