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Thursday, October 22, 2020

Need money urgently? Instant personal loans may be the answer

  Need money urgently? Instant personal loans may be the answer

Our lives have been affected in different ways and most people are facing financial crisis. Your savings or investments will naturally have to be broken down in the face of financial crisis, but even that may not always be practical. This is where a personal loan from a trusted lender can come in handy.

Before explaining the meaning of how a personal loan can be a useful solution for managing your money, let us first understand what a personal loan is and how it works.

Personal Loan- Handy Remedy?

Most lenders- banks and non-banking finance companies (NBFCs) offer personal loans as unsecured loan offers. This means you don't have to put up any collateral against the money you want to borrow. It is this uniqueness that makes personal loans so popular today. Unlike other forms of secured financing, personal loans are quick and easy.

With a very short time from application to delivery, you can get the funds you need to meet a variety of planned and unplanned expenses, especially those that require money to deal with an emergency. The documentation involved is straightforward and the process is unlikely to be delayed.

You can also get an instant personal loan, in which the money you need is approved in minutes and delivered to you in record time. Let's take a look at some of the amazing features of a personal loan that can benefit you

Personal loans are processed without collateral

As we mentioned earlier, instant personal loans do not require the lender to pledge any assets as a guarantee against the loan. This reduces the documentation for the loan as well as the time it takes to get your application approved.

Personal loans are usually paperless

With the advancement in technology it is now possible to get a personal loan without the need for any real paperwork. Soft copies of your documents can be submitted online and you do not need to do that if you are an existing customer of a reputed lender like Bajaj Finserv. You can view your pre-approved offer in minutes and get the money you need in a few easy steps.

These loans are disbursed quickly without any hassle

Bajaj Finserv Personal Loan on approval gives you the benefit of fast delivery. When a personal loan amount is transferred to a new customer within 24 hours, those eligible for a pre-approved offer can receive funds in their bank account in less than 20 minutes *. All of this is done in the comfort of your own home or office!


Personal loans are offered with a convenient repayment term

Getting immediate funding in an emergency is one thing, but instant personal loans also have the added benefit of convenience when it comes to repaying a loan. For example, Bajaj Finserv offers a repayment term of up to 60 months with unique features like Flexi Hybrid feature, which can help reduce your EMI by up to 45% *.

This is made possible by giving you the option to pay only the amount of interest as EMI for the initial term of the loan. The interest applies only to the loan amount you actively use and not to the fully approved loan, thus reducing your burden. You can then withdraw funds from your total approved loan when you need more money and make partial payments when you can.

You can also calculate personal loan EMI using an online personal loan calculator to estimate your monthly expenses before you apply for a loan. With this tool you can also plan a favorable term and the most economical EMI for your desired loan amount and thus a budget for advance repayment.


Personal loan financing can also be special when it comes to emergencies or planned expenses. You can get the money you need without breaking your savings just by filling out an online form.

However choosing the right lender is extremely important to ensure excellent conditions and hassle-free borrowing experience on your personal loan. Bajaj Finserv is one of the largest diversified non-banking finance companies (NBFCs) in the country, offering instant personal loans with many attractive features, making the loan process easy and hassle-free.

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So Rs. Take a loan of up to Rs 25 lakh and repay the loan amount in a convenient period of up to 60 months. In addition, eligible customers can take advantage of the 100 per cent digital process and take out a loan without going to the branch or leaving the house.

So who are you waiting for? Check out your pre-approved personal loan offer today to get your instant personal loan in minutes.

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