How many of our plans have been put on hold just because we’re short of funds? Surely this has happened multiple times. We tend to postpone our plans mainly because our budget might not be enough, or we might have more important commitments to fulfil.
But that’s not it. Sometimes an unexpected event can also throw our finances out of balance. There are many events that can come up suddenly like a medical emergency or illness. Arranging funds for unforeseen events can be a really difficult task. Making last minute financial arrangements can be really stressful.
Opting for an instant Personal Loan in such circumstances is the best choice to go with. This unsecured funding can help you deal with your immediate expenses. A Personal Loan has no restriction on its end use. Hence, you can use it for any purpose – medical expenses, weddings, renovation of your home, travel plans, higher studies, paying off credit card bills etc.
How can one get quick Personal Loan?
The traditional ways of applying for a Personal Loan at banks are now slowly being replaced by Instant Personal Loan apps. There are several reasons why availing a Personal Loan from instant loan apps is easier and more convenient.
- Online application
- Minimum documents
- Quick processing
- Instant disbursal
- All time accessibility
1. Online application –
The entire process of application for a Personal Loan is on an instant loan app is digital. There is no paperwork involved and the application is mees-free. You just have to enter all your valid details and submit the KYC documents online. Once your application is submitted successfully, you’ll receive a call for online verification.
2. Minimum documents –
The documents needed for applying for a Personal Loan online are very few. Usually, you might need KYC documents like ID proof, address proof, salary slips and a selfie of yours. It only takes a few minutes to upload these documents. It makes your life easier as you do not need to go to any office to do this process. You can submit the documents at anytime, anywhere.
3. Quick processing –
Digital processing at every step of the journey of your Personal Loan makes it quick and timesaving. It also eliminates the chances of human errors and reduces the risk of your application getting stuck due to mistakes in the application.
4. Instant disbursal –
Once the online verification is done and the application is processed digitally, your loan amount is disbursed within minutes. The quick credit of money in your bank account in times of emergencies, is one of the largest benefits of online instant personal loan apps.
5. All time accessibility –
Online instant personal loan apps are available for all the time. Irrespective of the day and time, you can easily access all your loan related information and check the status of your personal loan application without having to go through the tedious process of connecting with a call centre agent.
Which app is the best to apply for a Personal Loan?
The Bajaj Finserv app is the best to apply for personal loan online. You can get funds of up to Rs.25 Lakh upon fulfilling the eligibility criteria. The application process is simple and hassle-free which makes it possible to avail funds quickly in times of need. Your funds are disbursed within minutes once your verification is successful and loan application is approved.
What are the eligibility criteria to apply for Personal Loan online from Bajaj Finserv?
The eligibility criteria for availing an instant Personal Loan from Bajaj Finserv is as below –
- The applicant should be a citizen of India
- The age of the applicant should be 23 – 55 years
- Applicant must be a salaried individual employed with an MNC, a public or private company
- The CIBIL score of the applicant must be 750 and above
- The minimum monthly salary requirement of the applicant is as per the city of his/her residence starting from ₹25000/- per month.