During these uncertain times, managing all your financial obligations may seem like a burden. And while the obvious solution may seem like dipping into your savings, it may not be the best option. A pre-approved personal loan may be the better answer to finding the money you need.
With a pre-approved loan, you can cut short the processing time and other formalities usually associated with your personal loan, which makes it very easy to avail of. But that’s not all. Here’s how you can get money instantly with a pre-approved personal loan.
1. Get access to collateral-free sanction instantly
The key benefit to opt for a pre-approved personal loan is that it grants instant access to funding. This is possible due to its unsecured nature, meaning you don’t need to pledge any collateral or assets to get finance. What’s more, with lenders like Bajaj Finserv, you can borrow up to Rs.25 lakh. This high sanction allows you to fund any expense and use it without restriction, be it to consolidate debt, renovate your home, get medical treatment or address emergencies.
2. Skip the application process and submit zero documents
A pre-approved personal loan is easy to avail as it does away with a long and tedious application process. Advancements in the tech space have made it possible for you to view a personal loan deal tailored to you and apply 100% online by sharing minimal personal information. When you opt for the Bajaj Finserv Pre-approved Personal Loan as an existing customer, you don’t have to submit any additional documentation either.
3. Plan easy repayment with a long tenor or the Flexi Personal Loan variant
While pre-approved personal loan is easy to avail, with the right lender, it is also easy to repay. With a Bajaj Finserv Pre-approved Personal Loan, you can opt for a flexible repayment tenor of up to 60 months. Spreading your EMIs over this long duration makes repayment more affordable, helping you accommodate these instalments into your monthly budget without making compromises. Moreover, attractive fees and interest rates and no hidden charges make repayment even more convenient.
Further, Bajaj Finserv also offers the Flexi Hybrid facility on its personal loans. Here, you can borrow from a pre-approved sanction as needed, and at any time, without restriction. You are charged interest only on the amount you utilise rather than the entire sanction, helping you save more. Additionally, you can opt to pay interest-only EMIs and reduce your monthly outgo by up to 50%*!
4. Enjoy 100% online and speedy loan disbursal
When time is of the essence, getting the funds you need quickly is important. With a pre-approved personal loan, Bajaj Finserv ensures you get money in your account in just 20 minutes. This helps you address emergencies in a timely manner.
5. Check your pre-approved personal loan offer in 3 simple steps
The process to avail a pre-approved personal loan from Bajaj Finserv is simple and hassle-free. Here are the 3 simple steps to follow. Step 1: Share your basic details such as your name and phone number Step 2: Enter the OTP sent to the phone numberStep 3: Check the pre-approved loan amount offered and authorise disbursal When the goal is to acquire funding without any delay, opting for a pre-approved personal loan offer is the best way to go. To get financial assistance in a time-efficient manner and on favourable terms, be sure to check your pre-approved offer right away.