Are you in need of some quick funds to cover your multiple needs in life? You may face many situations demanding a quick flow of money. But, what to do if you don’t have a contingency or savings account to meet such demands?
Having a credit card may cover your demands but only to an extent. What’s more, you should not use a credit card limit fully as shows that you are credit hungry and affects the CIBIL Score.
Thus, what is the solution to meet all urgent cash crunch demands? Have you heard of the personal loan online facility? A personal loan can cover your needs as you can get up to Rs.25 lakh from leading online lender to manage all urgencies.
A personal loan gets approved in 5 minutes, and you may get the money disbursed into your bank account within 24 hours. The personal loan eligibility works on your Credit Score, repayment and employment history. If you have a higher CIBIL Score along with a sound repayment and income history, then you can get the loan quickly.
Many reputed banks and non-banking finance companies (NBFCs) are
Here’s why you should apply for a personal loan online
- A large loan amount
The personal loan online facility can help you seize as high as up to Rs.25 lakh as per your needs from a well-known bank or non-banking finance company (NBFC).
- Approval within 5 minutes
All eligible loan borrowers don’t need to wait for a long time to get the approval for a personal loan. After matching a lender’s personal loan eligibility criteria, you can get the loan approval within 5 minutes. It is after submitting your online loan application.
- Money in your bank within 24 hours
The desired loan amount can be disbursed into your bank account within 24 hours after getting the loan approval.
- Flexible loan tenor
You can repay the required personal loan amount over a flexible tenor ranging between 12 months and 60 months. It will help you to pay smaller EMIs and without affecting your monthly outlays.
- Collateral-free loan
A personal loan is available without submitting any collateral or security to the lender.
- No charges for prepayment and foreclosure
It is up to you to make some prepayment towards the loan principal within the loan tenor. It can help you to reduce the overall personal loan interest and pay reduced EMIs. What’s more, even foreclosing the loan account before the scheduled loan tenor is possible. For availing both facilities, you don’t need to pay any charges to a lender online.
- Online loan management
Accessing the personal loan online account is possible via the digital customer portals of the lenders 24/7 and right from anywhere. It can help you track the progress of the loan quickly.
If you need some emergency funds without waiting and without too many formalities, you ought to apply for a personal loan facility and fund all needs with ease.
Online lenders such as Bajaj Finserv offer pre-approved deals on personal loans, housing loans, business loans, loan against property, and many more. Such offers aim to make your overall loan procedures simple and less time-consuming.