5 reasons to apply for a personal loan online this holiday season

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Oi-Oneindia staff

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Posted: Thursday October 7th, 2021 12:36 PM [IST]

With the holiday season already upon us, you are bound to have a long list of wishes that you want to achieve. For many, these months are filled with great occasions such as celebrations with loved ones, travel, maybe a family wedding, or even a home improvement.

5 reasons to apply for a personal loan online this holiday season

While the general tendency is to dip into your savings to meet these expenses, a personal loan may be a better solution. In fact, a recent study found that over 77% of Indians trust a personal loan to manage their short term goals. Personal loans are easy to apply, relatively straightforward to process, and you can get the funds you need instantly.

Choose a guarantee without guarantee low interest personal loan lenders such as Bajaj Finserv which offers you a range of interesting features:

Get a high unsecured loan amount to meet your wishes

Unlike secured loans such as a loan against a property, you do not have to pledge any asset as collateral when applying for the Bajaj Finserv personal loan. It offers you a loan amount of up to Rs. 25 lakh, which allows you to make large purchases easily. No matter what’s on your wishlist, whether it’s an international vacation, a stylish home makeover, or shopping for high-end electronics and appliances, you can do it all. However, keep in mind that the amount you get will be based on your eligibility, including your finances and your CIBIL score.

Pay affordable IMEs with competitive interest rates

This holiday season, you can enjoy the freedom to celebrate lavishly. One of the main features of a Bajaj Finserv personal loan is that it offers substantial funds at competitive interest rates. Use the EMI Personal Loan Calculator to plan repayment in advance. Using it will help you calculate the length and amount of the loan which will result in a monthly payment that will not stress your wallet.

Get an instant personal loan online with minimal documentation

There is no need to stand in long lines or go through long paperwork. Bajaj Finserv offers an online personal loan with just a few documents and simple eligibility criteria. With instant online personal loan service, you can get approved within 5 minutes and have money in your account in just 24 hours after approval!

Meet other financial commitments with a flexible repayment term

With a Bajaj Finserv personal loan, you benefit from a flexible repayment term of up to 60 months. This ensures that your NDEs are never a burden. Another advantage is that you have full transparency, so that no undisclosed charges will arise out of the blue. All of these features are the reason why customers call it one of the best personal loans out there. Read the loan terms and check the website for all applicable fees and charges to stay informed.

Benefit from the Flexi facility and pre-approved offers

The months following the holidays and celebrations are often stressful as they involve tax planning and New Year investments and expenses. To simplify your life, you can opt for the unique Flexi functionality of this personal loan. It helps you reduce your IMEs by up to 45% * when you choose to pay only the interest component in monthly installments for the first few months. This way you can easily manage the cash flow.

Bajaj Finserv also offers pre-approved online loan to existing customers to further expedite application and approval. Use your pre-approved loan offer to secure funds in an instant.

Use the Personal Loan Eligibility Calculator and Personal Loan Interest Calculator on the Bajaj Finserv website to estimate your loan eligibility and repayment. Bajaj Finserv’s personal loan application also allows you to check and make payments with ease.

Article first published: Thursday October 7th, 2021, 12:36 PM [IST]


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