This Summer, Get the Best Interest Rates on Personal Loans with Bajaj Finserv – The New Indian Express
Today, you can get a personal loan online within hours by meeting the lender’s eligibility requirements. However, loan planning is the key to a good borrowing and repayment experience. Although using a personal loan EMI calculator can help you calculate the loan term and amount, personal loan interest rates affect how easily you can repay.
The first thing to do is to check the different personal loan interest rates available in the market when you intend to borrow. Every lender has their rate, and those rates dictate your cost of borrowing. Remember, the higher your interest rate, the higher your EMIs. You can check it yourself using the simple online EMI Loan Calculator. You can maximize your repayment by choosing a lender with the most competitive personal loan interest rates.
Bajaj Finserv not only offers instant loan for salaried employees with easy online application but also some of the most nominal interest rates for personal loans. This summer, you can also make sure you get the best possible rate by putting these tips into practice.
Maintain a healthy CIBIL score
Getting an instant personal loan is higher if you maintain a good CIBIL score. When the lender decides personal loan interest rates and other disbursement conditions for you, this also comes into play. When you have good credit or a good CIBIL score, chances are you will get interest lower because of your creditworthiness. A high credit score will also allow you to negotiate a good deal.
You can maintain a good CIBIL score by repaying your credit on time, having a good debt-to-equity ratio, having some experience with credit and its different types, and not depending too much on credit.
Benefit from the reputation of your employer or your profession
Your professional profile plays a vital role in determining the terms of your personal loan, be it the loan amount or the personal loan interest rate. You just need to meet the minimum wage requirements as per Bajaj Finserv instant loan for salaried employees to qualify for the loan.
However, when you have a salary above the minimum required or work with a private or public company or a reputable multinational, you are more likely to obtain nominal interest rates on personal loans. Your profession and total work experience can also help you land a good deal, as it indicates steady income and overall stability.
Keep an eye out for pre-approved offers
A pre-approved offer from Bajaj Finserv is one you get based on your previous relationship with the NBFC. Generally, personal loan interest rates on pre-approved offers are comparatively better because Bajaj Finserv already knows that you are a reliable borrower. These loans are also available instantly and with minimal documentation as your profile has already been verified. It only takes a few minutes to check your pre-approved personal loan offer online and with it, you can get the loan in just 20 minutes!
Meet the Simple Bajaj Finserv Personal Loan Eligibility Criteria
Meeting all eligibility requirements can also help you secure competitive interest rates on personal loans. Bajaj Finserv instant loan eligibility criteria for salaried applicants are simple and easy to fulfill:
- Age between 27 and 67
- CIBIL score of 750 or higher
- Employment in a private/public organization or a multinational
- Depending on your city of residence, your starting salary should be Rs. 22,000 or more
- You must be of Indian nationality
Take advantage of seasonal offers this summer
You can receive personal loan offers by SMS, email or through the Bajaj Finserv app. They contain great offers during different seasons and can give you better interest rates on an online personal loan. These offers are often limited and available for a short time, so keep an eye out for them.
You can get the most affordable personal loan interest rates this summer with these tips. To start, apply for the instant loan for salaried employees online by filling in the simple application form and get up to Rs. 25,000,000. With 5 years to repay the loan, you can do it stress-free and enjoy 0 fees on the partial refund. To get the loan amount in your bank account within 24 hours* of approval, apply online now or view your pre-approved offer.
*Terms and conditions of application
Warning: This content is part of a marketing initiative. No TNIE Group journalist is involved in the creation of this content.