In an attempt to meet the rising need for credit among customers, mainly millennials, digital lending platforms offer instant personal loan solutions, tailored to meet various goals and profiles. Here, you can access instant money from online lending platforms, typically between Rs.3,000 and Rs.1 lakh, to fund small monetary needs. The advertised USP of such options is that the entire process is digital, streamlined and helps you meet your goals quickly. However, what you must also note is that these loans come with a high-interest rate and can sometimes amount to up to 40% in a year.
These rates, along with hidden charges, make the financing solution ineffective on the whole. When you view the big picture, it’s easy to see that you’re better off with a conventional, structured and affordable option such as the Bajaj Finserv Personal Loan. Here, you enjoy the benefit of an instant personal loan, a sizable sanction as well as competitive personal loan interest rates. To know more about it and why it is the ideal instant loan, read on.
- All About Instant Loans and Where to Get the Best Deal
- Get easy access to funding with lenient eligibility criteria
- Enjoy financial security owing to complete loan transparency
- Read More: Good or Bad? You should check your Cibil Score Now
- Access a collateral-free sanction up to Rs.25 lakh
- Tailor repayment to your convenience with a flexible tenor
- Gain access to the Flexi Personal & Other Loan for added financial flexibility
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All About Instant Loans and Where to Get the Best Deal
Get easy access to funding with lenient eligibility criteria
What makes this an instant loan is a fact that the Bajaj Finserv Personal Loan has relaxed eligibility criteria. To qualify, you must:
- Be between the ages of 23 and 55 years
- Be a residing citizen of India
- Be employed with a reputed public or private organisation
- Maintain the minimum salary requirement as per your city of residence
As you’ll notice, these are simple conditions that are extremely easy to meet. There are no tricky, challenging terms whatsoever.
Enjoy financial security owing to complete loan transparency
What makes the Bajaj Finserv Personal Loan truly one of the best in the market is that it is completely transparent. This means that you can be sure of the fact that you will not incur any additional or hidden charges throughout the tenor other than those stated at the time of application. Further, for a more in-depth understanding of these terms, you can call the personal loan customer care no. for your city. Optionally, visit the website and familiarise yourself with all the particulars of this instant personal loan.
Access a collateral-free sanction up to Rs.25 lakh
Another upside to picking this instant personal loan is that you can fund both small and big purchases with it. With a sanction of up to Rs.25 lakh, you can use it to fund travel, weddings, medical emergencies, home renovation, debt consolidation and more. What’s more, this loan is collateral-free and doesn’t require you to pledge security, making it that much easier to acquire.
Tailor repayment to your convenience with a flexible tenor
By using the personal loan calculator and smart borrowing strategies, you can make borrowing this instant loan affordable and convenient. You can opt for a tenor ranging up to 60 months, as this allows you to repay the loan comfortably, as per your capabilities. In this regard, a Bajaj Finserv Personal Loan outdoes several online lending platforms, as typically the tenor offered by them is 12 months only, which can put a lot of pressure on your monthly budget.
Gain access to the Flexi Personal & Other Loan for added financial flexibility
Here, you can multiple times, as you need to, and pay interest only on the amount you’ve withdrawn. This is a smart solution for needs that require periodic finance, such as prolonged medical treatment.
As you’ll notice, this Bajaj Finserv loan trumps other offerings in the market as it gives you ample features, a high loan amount and a long tenor at a nominal charge. In fact, should you need access to funds immediately, you can check your pre-approved offer online by sharing basic details and get financing in moments.