Latest news with #PersonalLoan
Fashion Value Chain
4 days ago
- Business
- Fashion Value Chain
Why Bajaj Finserv Personal Loan is Your Best Option for Low Interest Loans Up to Rs. 55 Lakh
For customers planning a destination wedding, covering unexpected medical bills, or managing multiple financial obligations, finding the right credit solution is essential. In today's competitive lending market, many are seeking low-interest loans with fast processing and flexible terms. The Bajaj Finserv Personal Loan stands out as a top choice-offering high-value loans with unmatched convenience and reliability. Bajaj Finserv Personal Loan A Personal Loan Designed Around the Customer's Needs With the increasing demand for quick and collateral-free financing, the Bajaj Finserv Personal Loan provides a seamless borrowing experience. Eligible individuals can avail of loans of up to Rs. 55 lakh, with instant approval and disbursal within 24 hours*, making it one of the most efficient financing solutions available. Top Reasons to Choose Bajaj Finserv Personal Loan High Value Loan : Customers can borrow up to Rs. 55 lakh to cover a variety of personal needs-ranging from home upgrades to education expenses or even emergency situations. Fast Processing: The personal loan application process is fully digital, offering instant approval and quick fund disbursal within 24 hours* of verification. Flexible Repayment Tenure: Borrowers can choose a repayment plan with a tenure of up to 96 months, giving them the flexibility to manage EMIs according to their monthly budget. Minimal documents: Personal loan documents required depend on the customer profile – and can include KYC documents, income proofs and so on. Multiple Loan Variants Bajaj Finserv offers three different personal loan types, allowing applicants to pick the format that best fits their financial habits: â Term Loan Full amount disbursed at once Fixed EMIs through the tenure Prepayment charges applicable Flexi Term Loan Interest charged only on the amount withdrawn Multiple withdrawals without reapplying No extra charges for part-prepayment Flexi Hybrid Term Loan Interest-only EMI option up to the first 24 months Option to withdraw funds as needed No extra charges for part-prepayments No Collateral or Guarantor Required: The loan is completely unsecured, which means applicants are not required to pledge any asset or arrange for a guarantor. Simple Eligibility Criteria Bajaj Finserv Personal Loan is available to a broad customer base with the following basic eligibility: Nationality : Indian Age : Between 21 years and 80 years* (*Higher age limit at the end of the loan tenure) Profession : Salaried or self-employed individuals CIBIL Score : 685 or higher Employment: Must be working with a public, private, or multinational company A Trusted Lending Partner As one of India's leading non-banking financial companies, Bajaj Finserv has built a reputation for responsible lending and customer-first service. From the streamlined application to transparent charges, every aspect of the loan process is designed to ensure customer satisfaction and ease. How to Apply Applying for a Bajaj Finserv Personal Loan is quick and entirely online: Visit the official Bajaj Finserv website Enter basic details to check if you have a pre-approved offer Fill up the form and do the KYC Customer representative will connect with you for further process. This process ensures that eligible customers can access much-needed funds without delays or complicated procedures. *Terms and conditions apply Bajaj Finance Limited Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit
Business Upturn
5 days ago
- Business
- Business Upturn
8 key benefits of choosing L&T Finance Personal Loan for your financial needs
A Personal Loan can be a lifesaver when you need urgent funds—be it for a medical emergency, home renovation, wedding, education, or even a planned vacation. But with so many lenders in the market, how do you decide which one is right for you? If you're looking for a solution that is both fast and reliable, the L&T Finance Personal Loan stands out for its simplicity, transparency, and customer-friendly features. Backed by the legacy and trust of L&T, this offering brings convenience and peace of mind to borrowers across India. Key Benefits to Choose an L&T Finance Personal Loan Let's explore eight key benefits of choosing an L&T Finance Personal Loan to meet your financial goals. 1. Quick and Hassle-Free Loan Approval One of the biggest advantages of opting for an L&T Finance Personal Loan is the speed of processing. Whether you apply online or offline, the entire approval and disbursal process is built to be fast, efficient, and seamless. Minimal documentation required Instant eligibility check online Approval and disbursal in as little as 48 hours* For salaried or self-employed individuals who can't afford delays, this speed can make all the difference, especially in emergencies. 2. Attractive and Competitive Interest Rates Another reason many prefer L&T Finance is the affordability factor. The L&T Finance Personal Loan interest rate is competitively priced based on your credit profile, income level, and repayment capacity. Interest rates start from attractive levels, depending on eligibility Transparent pricing with no hidden charges Tailored offers for professionals, government employees, and corporate customers A better rate means lower EMIs and savings over the loan tenure, giving you more financial breathing room. 3. High Loan Amounts up to ₹ 15 Lakhs Whether your financial need is small or significant, L&T Finance Personal Loan can support it. You can borrow from ₹ 50,000 up to ₹ 15 Llakh based on your profile and repayment history. This flexibility is ideal for: Funding higher education Covering large wedding expenses Consolidating credit card or other high-interest debts Undertaking big-ticket purchases like furniture, appliances, or electronics With access to a large loan amount, you don't need to dip into savings or break your fixed deposits. 4. Flexible Repayment Tenure When it comes to Personal Loans, repayment comfort is just as important as loan approval. L&T Finance offers flexible repayment tenures ranging from 12 to 72 months, allowing you to choose a plan that fits your budget. Short tenure = higher EMI, but lower overall interest Longer tenure = lower EMI, more manageable monthly payments Depending on your income flow, you can pick a term that helps you maintain lifestyle stability without EMI pressure. 5. Zero Collateral Requirement One of the biggest worries borrowers have is whether they'll need to pledge assets to get a loan. With L&T Finance, you get an entirely unsecured loan—meaning no need to offer gold, property, or other guarantees. No risk to personal or family assets Simple KYC and income documentation sufficient Ideal for young professionals or first-time borrowers This makes L&T Finance Personal Loan an ideal choice for those who want quick funds without paperwork complications. 6. Easy Online Application and Customer Support You don't have to visit branches or fill long forms to apply. The L&T Finance website offers a fully digital process: Check eligibility in seconds Upload documents from your phone or laptop Track loan status online e-Mandate setup for automated EMI deductions Moreover, a responsive customer service team is available to answer queries, guide you through repayment or help restructure your plan if needed. 7. Special Offers and Pre-Approved Deals L&T Finance often runs special campaigns with discounted L&T Finance Personal Loan interest rate offers for: Existing L&T customers Salaried professionals working with partner organisations Government and PSU employees Customers with excellent credit scores If you're pre-approved, your loan can be disbursed in a matter of hours—no fresh documentation needed. These offers also tend to come with reduced processing fees and flexible terms. 8. Transparent Terms with No Hidden Charges One of the most important aspects of any financial product is trust. With L&T Finance, you get absolute clarity on: Interest calculation EMI structure Foreclosure charges (if any) Processing fees and GST There are no surprise costs that creep up later, ensuring a smooth experience from start to finish. Transparency also helps you plan your finances better without second-guessing terms or chasing service support. Final Thoughts Choosing the right Personal Loan can help you manage life's expenses with ease, but it's the lender's features and reliability that truly make the experience worthwhile. An L&T Finance Personal Loan offers just that—a balanced mix of flexibility, speed, affordability, and customer support. From fast approvals to attractive L&T Finance Personal Loan interest rate options, it ticks all the boxes for a borrower looking for both convenience and value. Whether you need funds urgently or want to plan for a major expense, L&T Finance provides a secure and efficient solution tailored to your needs. Before you apply, be sure to check your eligibility, understand the repayment terms, and compare the EMI using their online calculator. And remember—responsible borrowing and timely repayment can also help you improve your credit score for future needs. * T&C Apply
Time of India
05-05-2025
- Business
- Time of India
Bajaj Finance makes personal loan applications easy and online
In today's world, personal loans are the go-to solution for handling unexpected expenses or big purchases. The good news is that applying for one has never been easier. With just a few clicks, you can check your eligibility and get approval in minutes, all without leaving your home or visiting a branch. Bajaj Finance makes availing a personal loan simple and hassle-free with minimal paperwork and no collateral required. When you choose the Bajaj Finserv Personal Loan, you can get up to Rs. 55 lakh in your account within 24 hours*. Let's now explore the key features and how you can apply for a personal loan in just a few easy steps. What is a personal loan A personal loan is an unsecured financial product that provides you with a lump sum amount, which you can repay over a fixed tenure with interest. Unlike other types of loans, such as home loans or car loans, you don't need to offer any collateral when applying for a personal loan. This makes it a versatile solution for various financial needs, from covering medical bills to funding a dream vacation or even expenses related to home renovation. The repayment terms are flexible, allowing you to choose the loan amount and tenure that suits your financial situation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Explore Market Opportunities Backed by AI Technology Trader Headline Learn More Undo Why opt for a Bajaj Finserv Personal Loan? Gone are the days when you had to visit a bank, complete lengthy paperwork, and wait weeks for approval. Now, applying for a personal loan is quicker, easier, and more convenient thanks to the online application process provided by Bajaj Finance. Here's why applying online is the way to go: · 100% digital process : No need to step into a branch. Everything can be done online, from checking eligibility to submitting documents. · Instant approval and disbursal : Once your application is approved, the loan amount can be disbursed directly into your bank account in just 24 hours*. · Paperless documentation : Forget about paperwork. Uploading digital copies of your documents is all it takes. · Flexible repayment tenure : You can choose a repayment period between 12 months and 96 months. · No collateral requi red : Unlike secured loans, personal loans do not require assets as security. Personal loan eligibility criteria Before you apply for a personal loan, it's important to know whether you meet the personal loan eligibility criteria . While criteria can vary slightly from lender to lender, most personal loan providers, including Bajaj Finance, have the following basic requirements: · Nationality: Indian · Age: 21 years to 80 years*. · Employed with: Public, private, or MNC. · CIBIL Score: 685 or higher. · Customer profile: Self-employed or Salaried *You should be 80 years* or younger, at the end of the loan tenure. Documents required Applying for a personal loan online is fast and simple, but you still need to provide some basic documents. Here's a list of the most required documents: · KYC documents: Aadhaar/ passport/ voter's ID/ driving license/ Letter of National Population Register/ NREGA job card · PAN card · Employee ID card · Salary slips for the last 3 months · Bank account statements for the previous 3 months · Piped gas bill · Pension order · Letter of Allotment of Accommodation Issued by Employer · Property / Municipal tax receipt · Utility bill · Real-time image / photograph · Ration card How to apply for a Bajaj Finserv Personal Loan (step-by-step) The online application process for a personal loan is simple and hassle-free. Here's how you can apply for a Bajaj Finserv Personal Loan in just a few steps: · Visit the Personal Loan page on the Bajaj Finserv website and click on 'APPLY'. · Enter your 10-digit mobile number and the OTP sent to your mobile number. · Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code. · Now, click on 'PROCEED' to visit the loan selection page. · Enter the loan amount that you need. Choose from the three personal loan variants –Term, Flexi Term, and Flexi Hybrid. · Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on 'PROCEED'. · Complete your KYC and submit your application. A representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents. A Bajaj Finserv Personal Loan gives you quick access to funds exactly when you need them — with a fast online application, quick approval and money in your account within 24 hours*. Whether it's a medical emergency, a big purchase, or a personal goal, you can count on a smooth, hassle-free borrowing experience. Ready to get started? Check your eligibility and apply for a Bajaj Finserv Personal Loan online in just a few minutes. *Terms and conditions apply Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
01-05-2025
- Business
- Mint
Personal Loan: This NBFC offers loan for up to ₹55 lakh. Check details
If you face an urgent need of a large sum – say up to ₹ 55 lakh – for such needs as wedding, education, medical emergency, or home renovation, you can explore the idea of raising a personal loan. Whether it is for a dream wedding, higher education, medical emergency, or a long-awaited home renovation, individuals can now avail of a personal loan of up to Rs. 55 lakh, with a hassle-free application process and quick disbursal. Bajaj Finance, financial services company, offers a personal loan solution that brings flexibility, speed, and convenience to the forefront. With no collateral required and minimal documentation, this loan is an ideal option for salaried and self-employed individuals looking to manage their expenses comfortably. I. High loan amount: You can raise a loan for an amount upto ₹ 55 lakh to fund your needs without compromising your aspirations. II. Flexible tenure: Choose a repayment period ranging from 12 months to 96 months, based on your financial comfort. III. Instant approval: Get approval in just a few minutes with an easy online application process. IV. Minimal documentation: Submit basic KYC documents, income proofs, and other documents to complete your application. • Quick Disbursal: Once approved, the loan amount is credited to your account within 24 hours. V. No hidden charges: Transparent terms and competitive interest rates make planning easy. These personal loans aim to provide customers with the flexibility to manage their expenses seamlessly while enjoying a simple, digital, and fast experience. You can plan your finances better with the Personal Loan EMI Calculator. This easy-to-use tool helps applicants estimate their monthly EMIs based on the loan amount, tenure, and interest rate. By using the calculator, customers can plan their repayment journey smartly, ensuring they borrow within their comfort zone. First you need to enter the desired loan amount and tenure, along with the interest rate, to view your potential monthly instalment instantly. Now you can adjust the variables to find a combination that best fits your financial needs. Understand your repayment schedule beforehand to avoid any future financial strain. Using the personal loan EMI calculator ensures that borrowers can make well-informed decisions, avoiding surprises later. Applicants must be a resident citizen of India, be aged between 21 to 80 years; be a self-employed individual or a salaried individual employed with a reputed MNC, public, or private company, have a credit score of 685 or higher. With high loan amounts, flexible repayment options, and quick processing, the Bajaj Finserv Personal Loan is a financial tool that claims to help customers manage all kinds of expenses with ease. Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. First Published: 1 May 2025, 06:59 PM IST
