Personal loans are the go-to solutions to get funds for meeting various goals. Since they are unsecured loans, you can avail them instantly without needing to pledge your assets. Whether it is to plan a holiday with your family or pay for emergency health treatment, you can manage it all by availing a personal loan.
With simple personal loan eligibility criteria set by most lenders today, getting an instant personal loan is easy. Choosing the right lender is crucial in this case, so you can enjoy digital processes and benefits.
One platform where you can browse instant personal loans offered by various lenders and avail them easily is Bajaj Markets App. To know why it is a smart idea to opt for an unsecured loan at the Bajaj Markets App, read on.
Quick comparison of personal loan eligibility criteria
With various lenders in the market, zeroing in on a specific personal loan can be challenging. On Bajaj Markets, you can compare some of the best lenders before deciding on the ideal instant personal loan for yourself.
One of the important factors of comparison is a lender’s personal loan eligibility criteria, which decides how easily and quickly you can get a loan. You can compare these terms with ease on Bajaj Markets App.
Here are the simple personal loan eligibility criteria you usually need to meet to get a loan:
- You have to be an Indian national
- You must be between 21 and 68 years old
- You need to draw a minimum monthly salary of ₹10,000 or more
- The ideal credit score for instant personal loan approval is 750 or more
- You must have at least one year of work experience.
A convenient way to check your personal loan eligibility on Bajaj Markets App is using the online eligibility calculator. Simply key in your net monthly income and other basic details to check your loan eligibility and potential loan amount in seconds!
Minimal documentation process
One of the reasons to get an instant personal loan from a digital finance marketplace is the simplified paperwork. All you need to submit are your ID and address proof documents along with proof of income.
For ID and address proof, you may provide:
- PAN card
- Aadhaar card
- Driving license
- Passport
- Voter ID
- Utility bills such as telephone bills, electricity bill
For income proof you may provide:
- Salary slips
- Bank statements of salary account
Submit these documents along with your latest passport-size photos. Since they serve as proof of your personal loan eligibility, ensure the details mentioned on them are correct.
Flexible repayment options
On Bajaj Markets App, you will find many loan offerings that allow you to repay as per your comfort. You can choose a tenor anywhere from 12 months to 60 months to best suit your budget.
You can select a repayment mode of your choice as well, whether you give a standing instruction to auto-debit the EMIs or provide a post-dated cheque.
Moreover, the personal loan EMI calculator on Bajaj Markets App allows you to compute your EMIs in advance. This helps you plan repayment easily and enables you to zero in on a specific tenor as well as the right loan amount.
Quick approval
Getting a loan on a digital platform like Bajaj Markets App can aid in quick approval. Just meet the personal loan eligibility criteria and submit the required documents for verification.
On this platform, you can get approval on your application within minutes, and the amount is credited to your bank account within hours. This way, you can avail an instant personal loan from the comfort of your home.
As you can see, getting an instant personal loan on Bajaj Markets App is simple and hassle-free. This digital platform also offers a range of financial and lifestyle products to enhance your life. Download the app on Google Play or the App Store and apply for budget-friendly instant personal loans in a click!