Many financial lenders offer instant loans to help for your financial needs. An instant Loan or Personal Loan is an unsecured financial assistance. You do not need to pledge any collateral to avail this type of loan. As there is no security taken against it, its rate of interest is generally high. Also, it is readily available through instant loan apps after easy verification. It has no restrictions on its end-use.
Why choose Bajaj Finserv for a Personal Loan?
Bajaj Finserv offers an instant personal loan of up to Rs. 25 lakhs with instant approval and quick disbursal facility. The facility of flexi loan facility from the company allows you to borrow the funds as you require and with a pre-payment facility. So, you can pay only the interest as EMI and repay the principal amount at the end of the tenure. Thus, reducing your EMIs up to 45%.
A personal loan can be used for various end uses. Therefore, this fund can be utilized for any purpose - Travel, Education, Wedding, Home Renovation etc. But applying for it through a bank can really be tedious given the lengthy process, stringent criteria for eligibility etc. Instant loan apps are a convenient medium through which one can avail an instant loan very easily.
Here’s a step-by-step guide on how to apply with the Bajaj Finserv loan app:
- Download the Bajaj Finserv app from the Play Store. After successful installation, fill in your mobile number & you will be sent an OTP on the registered mobile number. Once you enter the OTP, you will be directed to the loan offering page.
- Tap on Personal Loan & you will be redirected to the application form. You will need to fill in your personal, financial and employment details.
- Enter the loan amount and tenor.
- You will receive your pre-approved offer within a few hours. You can opt in for the loan by submitting your documentation.
- After the submission of the documents, you will receive the money in your account within 24 hours after successful processing of the loan.
