When you’re in a bind and need money quickly, a personal loan is a great option. However, if you have bad credit, finding a lender who will work with you can be difficult. However, Bajaj Finserv is here to help with our simple steps to getting personal loans for bad credit.
Steps to Get a Personal Loan with Bad Credit with Bajaj Finserv
Here’s what you need to do:
1. Check Your Eligibility
First, check your eligibility for a Bajaj Finserv Personal Loan using our online eligibility calculator.
2. Submit Your Application
Once you know you’re eligible, submit your online application with all the required documents.
3. Get Approved!
If everything goes well, you’ll get approved for a Bajaj Finserv Personal Loan within 24 hours.
Different personal loan apps that Bajaj Finserv offers
-Bajaj Finserv offers a wide range of personal loan products that cater to the needs of different segments of customers.
-The company has products like the Bajaj Finserv Personal Loan for salaried individuals, the Bajaj Finserv Professional Loan for self-employed professionals, and the Bajaj Finserv Business Loan for small business owners.
-Each of these products has been designed keeping in mind the specific needs of the target customer group and offers features and benefits that are best suited for them.
-Similarly, the Bajaj Finserv Professional Loan for self-employed professionals offers collateral-free funding, higher loan amounts, and longer repayment tenors.
What are the eligibility criteria for a personal loan?
The eligibility criteria for a personal loan is that the applicant must be a salaried individual with a minimum income of Rs. 20,000 per month. He/she should also have a good credit history and no outstanding loans or credit card dues. The loan amount can be up to Rs. 5 lakhs, and the repayment tenure is usually 5 years.
How to do a personal loan eligibility check?
You need to keep a few things in mind while doing a personal loan eligibility check. The first thing is your credit score. It would help if you had a good credit score to be eligible for a personal loan.
The second thing is your employment history. It would help if you had a steady job to be eligible for a personal loan. The last thing is your debt-to-income ratio. It would help if you had a low debt-to-income ratio to be eligible for a personal loan.
What are the different benefits of a personal loan app?
There are many benefits of a personal loan app. One benefit is that it can help you to save time and money. The personal loan app allows you to apply for a loan within minutes and get the money in your account the next day.
Another benefit is using the personal loan app to consolidate your debts. It means you can get a lower interest rate and make one monthly payment instead of multiple payments.
Finally, the personal loan app can help you improve your credit score. When you make on-time payments, this can help to improve your credit score over time.
A personal loan is a great option for those who need money quickly and have bad credit. Bajaj Finserv offers personal loans for bad credit with simple steps to get the money you need.
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