Best Personal loan app in India

It can be difficult to deal with financial insufficiencies. When you’re in a financial bind, however, a personal loan might be a lifesaver. An instant loan can be used for a wide range of purposes. You can use a loan to pay for healthcare bills, travel expenses, wedding expenses, home improvement charges, and many other things.

Personal loan apps have exploded in popularity as a result of the digital revolution. Apps for mobile phones are convenient and meant to make the loan process easier. Most internet apps allow you to borrow dollars instantaneously from the comfort of your own home for a variety of reasons. The mobile lending business has changed how people think about loans these days.

What is a Personal loan?

A personal loan is an unsecured loan that can be used for medical expenses, home repairs, vacation, weddings, and other critical financial requirements. To meet your diverse needs, several banks and lending companies offer a collateral-free loan with low interest rates.

What is the best personal loan app loan in India?

The emergence of several mobile personal loan apps for lending has been aided by digitalisation. Bajaj Finserv is one of these apps. From the comfort of your own home, you can simply obtain a personal loan of up to Rs. 25 lakh. There will be no need to visit various branches or deal with clumsy paperwork. You just have to fill an online application process, and you will receive the funds within 24 hours post the approval process.

Features of a Bajaj Finserv Personal Loan:

The top features of the Bajaj Finserv Personal Loan include,

  • Loans up to Rs 25 lakh: Apply for quick loans up to Rs 25 lakh from the comfort of your own home, based on your eligibility.
  • Flexi loan: With a flexi personal loan, you can pay up to 45 percent cheaper EMIs. You’ll only have to pay EMI on the amount you borrowed with a flexi loan. You may have got a hefty loan amount, but a personal loan does not come with a huge interest rate; you will only be charged for what you utilise. You have the option of paying simply the interest component of the EMI. This allows you to pay the principle whenever you have funds available.
  • Flexible payback period: Choose a repayment period between 12 and 60 months based on your financial capabilities.
  • Quick disbursement of loan funds: After successful approval, the funds will be transferred to your bank account within 24 hours.
  • Simple online approach with minimum paperwork: With the Bajaj Finserv app, you may apply for a loan online. A straightforward procedure that eliminates the need for several branch visits.

What is the application process for a personal loan with Bajaj Finserv?

The application process is simple. To apply for a personal loan with Bajaj Finserv, follow the steps below.

  • Download the mobile app. Register with your mobile number.
  • Fill the online application form. Add your personal, employment and financial details. You will have to choose the loan sum and repayment tenure according to your needs to receive instant approval.
  • Complete your KYC online. You will get the money disbursed in your bank account within 24 hours post successful approval.

Read Also – Tips To Choose Best Personal Loan

What are the documents required for KYC?

  • Passport-size photographs
  • KYC Documents (Id and Address proof including 1 of PAN, Aadhaar, Driving license, Voter’s ID, Passport)
  • Bank account statements for three months

How to check if am eligible for a Bajaj Finserv personal loan?

To get a speedy and fast personal loan, you only need to meet these simple eligibility criteria,

  • You must be a residing citizen of India
  • Your age should be between 23 and 55 years
  • You must work with an MNC, public or private company

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