Personal loans effectively finance unexpected expenses, manage debt consolidation, or fund a large purchase. However, choosing the right lender can be challenging, with several options available in the market.
Bajaj FinServ Personal Loan is a popular choice among borrowers due to its flexible repayment terms, attractive interest rates, and quick disbursal process. Here are five reasons why you should consider getting a personal loan from Bajaj FinServ:
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Easy Application and Quick Disbursal
Bajaj FinServ offers a hassle-free online application process that takes only a few minutes to complete. You can apply for a personal loan from the comfort of your home or office and get an instant decision on your loan application. Once your loan is approved, the funds are disbursed to your bank account within 24 hours, making it a perfect solution for emergency cash needs.
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Competitive Interest Rates
Bajaj FinServ offers competitive interest rates on personal loans, starting from as low as 11.99% per annum. The interest rate is fixed for the entire loan tenure, which means your EMI (Equated Monthly Instalment) remains the same throughout the loan duration. This makes it easy to plan your finances and manage your cash flow without worrying about fluctuating interest rates.
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Flexible Repayment Terms
Bajaj FinServ offers flexible repayment terms that can be customized according to your financial situation. Depending on your repayment capacity, you can choose a loan tenure between 12 to 60 months. Additionally, the lender allows you to make prepayments and foreclose your loan without any extra charges, which can help you save money on interest.
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Minimal Documentation
Bajaj FinServ requires minimal documentation for personal loan applications, making the process quick and hassle-free. You must submit your KYC documents, proof of income, and bank statements to approve your loan. The lender also offers pre-approved loans to its existing customers, which require no documentation or verification, further simplifying the loan application process.
Additional Features and Benefits
Apart from the above advantages, Bajaj FinServ also offers additional features and benefits that make its personal loans more attractive:
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Flexi Loan Facility
Bajaj FinServ offers a flexi loan facility that allows you to withdraw funds as per your needs without needing multiple loan applications. This feature can help you save on interest and manage your finances better. Of course, this will be great in the long run when you choose longer loan repayment tenure.
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Online Account Management
Bajaj FinServ offers an online account management portal that allows you to track your loan status, repayment schedule, and outstanding balance. You can also make online payments and access loan-related documents from the portal. You will also have round-the-clock support from the customer support team on all your queries related to your loan account.
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High Loan Amounts
Bajaj Finserv offers high loan amounts to eligible borrowers, which can help you fund your big-ticket expenses or consolidate your high-interest debts. You can get a loan of up to Rs. 25 lakhs, depending on your income, credit score, and other eligibility criteria.
Additionally, the lender also offers pre-approved loans to its existing customers, which can help you get instant access to funds without any paperwork or verification. You can meet your financial needs with a high loan amount without compromising your lifestyle or financial goals.
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Insurance Coverage
Bajaj FinServ offers optional insurance coverage with its personal loans, which can protect you and your family from unforeseen circumstances. You can choose from a range of insurance options, including life, accidental disability, and critical illness cover.
Overall, a personal loan from Bajaj FinServ is a reliable and convenient financing option that offers several advantages over traditional lenders. Its easy application process, quick disbursal, competitive interest rates, flexible repayment terms, and additional features make it an ideal choice for borrowers looking for quick and hassle-free personal loans. However, before applying for a loan, assess your repayment capacity and choose a loan amount and tenure that suits your financial needs.
