As most financial services have got placed on the digital platform, it is vital for one to choose the best personal loan lender to avail of instant access to funds.
Particularly, in unprecedented situations such as this 2nd wave of coronavirus pandemic and constant lockdown across 90% of places throughout the nation, it’s important that customers have the means to get instant access to finance without visiting a branch or leaving their home from the best moneylender.
This is exactly what moneylenders such as Bajaj Finserv are offering. Today, eligible customers can avail of instant funding via personalized pre-approved personal loan offers which can be availed within a matter of minutes.
Even though, there are many who are not aware, what to do before availing of an instant personal loan and how to avail of it. Thus, we have brought here a simple and step-by-step guide on how you can access an instant personal loan from Bajaj Finserv. Let’s get started!
Check Your Pre-Approved Offer
- The first step you have to take is to see your pre-approved offer in Bajaj Finserv.
- If you have an existing relationship with the moneylender, you might have got a pre-approved offer.
- If you’ve got a pre-approved offer, your personal loan eligibility has already been accounted.
- This consists of elements such as your CIBIL score, income, age, etc.
- This implies that you are not required to calculate your eligibility or submit any documents for verification. The paperless procedure makes the loan easy to avail.
Review your details
Instead of filling out a lengthy form, being an existing customer with a pre-approved offer, all you should do is review a pre-filled form with all of your details alongside the loan amount. Afterwards, you can simply get the loan which is kept ready for you with nil hassles whatsoever using the 100% online process.
Accept the terms of the offer and await disbursal
Once you are happy with the offer, all you got to do is accept the terms and wait for the disbursal of the loan amount into your bank account. As it’s a whole digital procedure, you will not need to worry about visiting any branch as the loan amount gets disbursed to you within a matter of 20 minutes. All it takes is simply two clicks, and you can get the cash in your bank account without stepping out of your home.
Usage of Bajaj Finserv Instant Personal Loan
Now as you know how easy it is to get a personal loan from Bajaj Finserv, remember that this loan doesn’t require any collateral or have any spending restrictions. The high loan amount also makes sure that you simply can use it to fulfil any of your needs. Some of the leading ways to use the funds are discussed below:
Address medical contingencies
Usually, medical emergencies demand large amounts of funds instantly. With the instant personal loan from Bajaj Finserv, you can avail of the loan amount without any hassle within 20 minutes and fulfil your medical requirements immediately.
Consolidate existing high-interest credit
Consolidating high-interest debt such as your credit card debt is a smart choice. This facilitates you to avoid paying high penalties and accumulating interest on various deadlines, and instead helps you club all debt into one monthly EMI.
Opting for a Bajaj Finserv personal loan also facilitates you to pay off the loan comfortably across a lengthy tenor of up to 5 years and enjoy competitive personal loan interest rates. Doing this will also support you to relish more liquidity in times of a financial crunch, which is common in these times.
Renovate / Improve your home workspace
As work from home has become a new normal lately, it is important to possess the proper set-up. A productive environment assists you in focusing, staying healthy, and boosts your efficiency.
A sensible way to utilize an instant personal loan is to acquire furniture or electronic device such as an ergonomic chair, a desk, a laptop or a smart TV so that you can participate in conference calls, make presentations, and perform all manner of work smoothly.
Invest in self-development and self-improvement
Another clever method to utilize the funds from an instant personal loan is to invest in yourself and enhance your skillsets. This can easily be attained by signing yourself up for specialized courses online from leading educational institutions in India or from across the globe. With the ideal certification, you can take your career to a subsequent level.
The Bottom Stroke
We all are aware of the fact that life is uncertain and one uncertainty we are coping with for the last 1.5 years. Many people have got notable financial hit and thus, require fund assistance. Consequently, with zero paperwork, a 100% digital process, and a quick disbursal within a matter of 20 minutes, the instant personal loan from Bajaj Finserv is an ideal financing source during the lockdown. Moreover, if you have already applied, you can visit the lender’s official portal and check your Bajaj Finserv personal loan status using your loan reference number.