Pune (Maharashtra) [India], Dec. 4 (ANI / NewsView): A medical emergency suddenly arises and although the best medical care is available, money is bound to be needed to meet the expenses. This is where an unsecured personal loan from Bajaj Finserv can come in handy.
Not only is it easy to get a personal loan to handle a medical emergency, but one can apply with just a few clicks and get the money in an instant. Plus, convenient repayment terms and options like the Flexi facility make a personal loan an ideal financial solution when there is an urgent need for cash.
In fact, Bajaj Finserv, through its loan and investment arm Bajaj Finance Limited, offers personal loans up to Rs 25 lakh which can be used to manage almost any expense. Here are the points to keep in mind when taking out a personal loan:
1. Understand the eligibility criteria
Before applying for a personal loan, you should check the eligibility criteria for the personal loan. Bajaj Finserv needs all applicants to be:
* Resident citizens of India
* Have a credit score of 750 or higher
* Have a stable source of income
* 23 to 55 years old
Compliance with these parameters can ensure rapid processing of the personal loan.
2. Learn about the characteristics of the personal loan
Bajaj Finserv personal loan comes with attractive features including instant approval, 24 hour disbursement, and flexible repayment terms of up to 60 months. On top of that, some Bajaj Finserv customers are pre-approved and can get money with a fully online paperless process in 2 clicks.
Most importantly, the personal loan is 100% digital and can be used within 24 hours of approval. Thus, one can effectively get the money that one needs without any delay.
3. Read the terms and conditions
Although Bajaj Finserv pre-approved clients do not need any documents to obtain a personal loan, it is always a good idea to inquire about the terms and conditions. One should be aware of all applicable fees and charges, foreclosure conditions and prepayments and other details of the personal loan.
4. Be responsible for repayment of the loan
After the request is completed, Bajaj Finserv transfers the funds to the requester’s bank account within 24 hours. And although the process is simple and easy, there is a need to show responsibility when repaying the loan. You have to borrow within your means and ensure timely repayment of the loan throughout the term of office. Failure to do so can adversely affect an applicant’s credit rating and their chances of being approved for future loan applications.
If you are looking to secure funds to cover the expenses of a medical emergency, consider a Bajaj Finserv personal loan today. Check out the attractive pre-approved personal loan offers and apply in minutes.
Bajaj Finance Limited, the loan company of Bajaj Finserv Group, is one of the most diverse NBFCs in the Indian market, serving more than 44 million customers across the country. Based in Pune, the company’s product offering includes sustainable consumer loans, lifestyle finance, life care finance, digital product finance, personal loans, loans against property, small business loans, home loans, credit cards, two and three wheel loans, business loans SME loans / loans, title loans and rural finance which includes gold loans and refinance loans vehicles as well as fixed depots. Bajaj Finance Limited is proud to hold the highest FAAA / Stable credit rating for any NBFC in the country today.
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