News Analysis India

Tag: Personal Loan

  • Wedding Loan: 4 reasons how a personal loan for marriage can help

    By Online MI

    If you want to buy a home, you can apply for a home loan. Similarly, there is a car loan if you need to borrow money to buy a car. However, if you start looking for a loan to bear the expenses of a wedding, you may find loans termed ‘marriage loans’ on the websites of banks, NBFCs and private lenders. A marriage loan or a wedding loan is essentially a personal loan that you can choose to meet all your wedding-related expenses. After you have determined your personal loan eligibility and used a personal loan interest rate calculator to establish the right tenor, you can easily avail yourself of a wedding loan.

    Pros and Cons of a Wedding Loan

    While you may have your heart set on having the wedding of your dreams, it is important to ask yourself one thing — ‘Do I want to start my married life with a debt?’. But a wedding loan is not necessarily a bad thing.

    Here are 4 reasons why availing yourself of a wedding loan can help

    Fund multiple expenses: As we all know, the Great Indian Wedding is incomplete without ‘band, baja, baraat’ and all the other frills that come with this monumental event. You can use a wedding loan to pay for the venue, lighting, photography, decoration, catering, jewellery, gifting etc.

    Hassle-free application: A marriage in India can be a genuinely harassing experience for the person arranging and organizing it. Thankfully, getting the right wedding loan is anything but, You can easily apply for a wedding loan online – simply visit the website of your favourite bank or lending institution, check the eligibility criteria, upload your documents, and wait for approval.

    Quick disbursal: Small loan has a fast turnaround time. This means that you can get access to funds quite fast. Within 24-48 hours after you apply for the loan, you get the loan amount disbursed in your account. 

    Boost CIBIL Score: A wedding loan is a terrific way to build a solid payment history with your significant other. Paying off your wedding loan promptly will boost your credit score and put you in a good place to avail yourself of future loans, when needed.
    Like any other loan product, a wedding loan also comes with its share of cons.

    Here are 3 cons of availing yourself of a personal loan for your wedding:

    Higher interest rate: A wedding loan is an unsecured loan, which means you do not have to keep collateral with the bank. This is why marriage loans come at higher interest rates. If you do not read the fine print carefully, you may also be slapped with high late fees or other hidden charges. We suggest you run the numbers through a personal loan interest calculator and check your monthly repayment obligation before applying for a loan.

    In debt from Day 1: When you get married and start building a new life with a certain someone, the repayment obligation of a wedding loan is likely to put a strain on the relationship. If you have other liabilities like a student loan, things can be even more stressful. Thus, you should weight out all the factors before going for a wedding loan.

    Monthly budget: Newly-weds have a host of unique expenses such as impromptu vacations, dinner dates, brunches, and entertaining unanticipated guests. Having to repay a significant portion of your salary as your loan, EMI may not allow you to spend as freely as you may want to. Depending on the quantum of loan you applied for, you may have to face relatively financial hardship for years before the entire loan amount is paid off.

    3 factors that affect your eligibility for a Wedding Loan

    If you want to qualify for a wedding loan aka personal loan, it is important that you match the personal loan eligibility criteria set by the lender. Here are the three main factors that affect your eligibility for a wedding loan:

    Your CIBIL Score: Your credit card bill and loan repayment history and credit utilization determine your credit score. Most Indian lenders will check your CIBIL score to check if you are a good candidate for a loan. If you have a CIBIL score of 750 and above, your loan application is likely to be approved instantly.

    Your Debt-to-Income ratio: Creditors check your monthly income (whether you are salaried or self-employed) to figure out if you can repay the loan you are applying for. Banks will also examine your existing liabilities like a study loan, home loan, car loan, credit card debt and so on to establish your debt-to-income ratio.

    Your employment profile: Job security, work experience, applicant’s age and even the employer’s profile may be scrutinized by the lender to assess your loan eligibility. All these factors effectively indicate if the applicant will be able to repay the loan on time without defaulting
    If you are short on funds to meet your wedding expenses, availing yourself of a personal loan or a marriage loan is the logical choice. You should apply for a wedding loan only after comparing the interest rates and other charges levied by different lenders. Some important factors that will help you choose a lender include the maximum loan amount offered, applicable interest rate, loan tenure, auto-debit discount, prepayment charges and foreclosure facility. If you are planning your wedding soon, be sure to check out the best marriage loan offers from Bajaj Finserv. On meeting the simple eligibility criteria set by the lender, you can get a high-value loan amount.

    Disclaimer: This content is distributed by Bajaj Finance Ltd. No TNIE Group journalist is involved in the creation of this content.

  • Wedding Loan: 4 reasons how a personal loan for marriage can help

    If you want to buy a home, you can apply for a home loan. Similarly, there is a car loan if you need to borrow money to buy a car. However, if you start looking for a loan to bear the expenses of a wedding, you may find loans termed ‘marriage loans’ on the websites of banks, NBFCs and private lenders. A marriage loan or a wedding loan is essentially a personal loan that you can choose to meet all your wedding-related expenses. After you have determined your personal loan eligibility and used a personal loan interest rate calculator to establish the right tenor, you can easily avail yourself of a wedding loan.

    Pros and Cons of a Wedding Loan

    While you may have your heart set on having the wedding of your dreams, it is important to ask yourself one thing — ‘Do I want to start my married life with a debt?’. But a wedding loan is not necessarily a bad thing.

    Here are 4 reasons why availing yourself of a wedding loan can help

    Fund multiple expenses: As we all know, the Great Indian Wedding is incomplete without ‘band, baja, baraat’ and all the other frills that come with this monumental event. You can use a wedding loan to pay for the venue, lighting, photography, decoration, catering, jewellery, gifting etc.

    Hassle-free application: A marriage in India can be a genuinely harassing experience for the person arranging and organizing it. Thankfully, getting the right wedding loan is anything but, You can easily apply for a wedding loan online – simply visit the website of your favourite bank or lending institution, check the eligibility criteria, upload your documents, and wait for approval.

    Quick disbursal: Small loan has a fast turnaround time. This means that you can get access to funds quite fast. Within 24-48 hours after you apply for the loan, you get the loan amount disbursed in your account. 

    Boost CIBIL Score: A wedding loan is a terrific way to build a solid payment history with your significant other. Paying off your wedding loan promptly will boost your credit score and put you in a good place to avail yourself of future loans, when needed.
    Like any other loan product, a wedding loan also comes with its share of cons.

    Here are 3 cons of availing yourself of a personal loan for your wedding:

    Higher interest rate: A wedding loan is an unsecured loan, which means you do not have to keep collateral with the bank. This is why marriage loans come at higher interest rates. If you do not read the fine print carefully, you may also be slapped with high late fees or other hidden charges. We suggest you run the numbers through a personal loan interest calculator and check your monthly repayment obligation before applying for a loan.

    In debt from Day 1: When you get married and start building a new life with a certain someone, the repayment obligation of a wedding loan is likely to put a strain on the relationship. If you have other liabilities like a student loan, things can be even more stressful. Thus, you should weight out all the factors before going for a wedding loan.

    Monthly budget: Newly-weds have a host of unique expenses such as impromptu vacations, dinner dates, brunches, and entertaining unanticipated guests. Having to repay a significant portion of your salary as your loan, EMI may not allow you to spend as freely as you may want to. Depending on the quantum of loan you applied for, you may have to face relatively financial hardship for years before the entire loan amount is paid off.

    3 factors that affect your eligibility for a Wedding Loan

    If you want to qualify for a wedding loan aka personal loan, it is important that you match the personal loan eligibility criteria set by the lender. Here are the three main factors that affect your eligibility for a wedding loan:

    Your CIBIL Score: Your credit card bill and loan repayment history and credit utilization determine your credit score. Most Indian lenders will check your CIBIL score to check if you are a good candidate for a loan. If you have a CIBIL score of 750 and above, your loan application is likely to be approved instantly.

    Your Debt-to-Income ratio: Creditors check your monthly income (whether you are salaried or self-employed) to figure out if you can repay the loan you are applying for. Banks will also examine your existing liabilities like a study loan, home loan, car loan, credit card debt and so on to establish your debt-to-income ratio.

    Your employment profile: Job security, work experience, applicant’s age and even the employer’s profile may be scrutinized by the lender to assess your loan eligibility. All these factors effectively indicate if the applicant will be able to repay the loan on time without defaulting
    If you are short on funds to meet your wedding expenses, availing yourself of a personal loan or a marriage loan is the logical choice. You should apply for a wedding loan only after comparing the interest rates and other charges levied by different lenders. Some important factors that will help you choose a lender include the maximum loan amount offered, applicable interest rate, loan tenure, auto-debit discount, prepayment charges and foreclosure facility. If you are planning your wedding soon, be sure to check out the best marriage loan offers from Bajaj Finserv. On meeting the simple eligibility criteria set by the lender, you can get a high-value loan amount.

    Disclaimer: This content is distributed by Bajaj Finance Ltd. No TNIE Group journalist is involved in the creation of this content.

    If you want to buy a home, you can apply for a home loan. Similarly, there is a car loan if you need to borrow money to buy a car. However, if you start looking for a loan to bear the expenses of a wedding, you may find loans termed ‘marriage loans’ on the websites of banks, NBFCs and private lenders. A marriage loan or a wedding loan is essentially a personal loan that you can choose to meet all your wedding-related expenses. After you have determined your personal loan eligibility and used a personal loan interest rate calculator to establish the right tenor, you can easily avail yourself of a wedding loan.

    Pros and Cons of a Wedding Loan

    While you may have your heart set on having the wedding of your dreams, it is important to ask yourself one thing — ‘Do I want to start my married life with a debt?’. But a wedding loan is not necessarily a bad thing.googletag.cmd.push(function() {googletag.display(‘div-gpt-ad-8052921-2’); });

    Here are 4 reasons why availing yourself of a wedding loan can help

    Fund multiple expenses: As we all know, the Great Indian Wedding is incomplete without ‘band, baja, baraat’ and all the other frills that come with this monumental event. You can use a wedding loan to pay for the venue, lighting, photography, decoration, catering, jewellery, gifting etc.

    Hassle-free application: A marriage in India can be a genuinely harassing experience for the person arranging and organizing it. Thankfully, getting the right wedding loan is anything but, You can easily apply for a wedding loan online – simply visit the website of your favourite bank or lending institution, check the eligibility criteria, upload your documents, and wait for approval.

    Quick disbursal: Small loan has a fast turnaround time. This means that you can get access to funds quite fast. Within 24-48 hours after you apply for the loan, you get the loan amount disbursed in your account. 

    Boost CIBIL Score: A wedding loan is a terrific way to build a solid payment history with your significant other. Paying off your wedding loan promptly will boost your credit score and put you in a good place to avail yourself of future loans, when needed.
    Like any other loan product, a wedding loan also comes with its share of cons.

    Here are 3 cons of availing yourself of a personal loan for your wedding:

    Higher interest rate: A wedding loan is an unsecured loan, which means you do not have to keep collateral with the bank. This is why marriage loans come at higher interest rates. If you do not read the fine print carefully, you may also be slapped with high late fees or other hidden charges. We suggest you run the numbers through a personal loan interest calculator and check your monthly repayment obligation before applying for a loan.

    In debt from Day 1: When you get married and start building a new life with a certain someone, the repayment obligation of a wedding loan is likely to put a strain on the relationship. If you have other liabilities like a student loan, things can be even more stressful. Thus, you should weight out all the factors before going for a wedding loan.

    Monthly budget: Newly-weds have a host of unique expenses such as impromptu vacations, dinner dates, brunches, and entertaining unanticipated guests. Having to repay a significant portion of your salary as your loan, EMI may not allow you to spend as freely as you may want to. Depending on the quantum of loan you applied for, you may have to face relatively financial hardship for years before the entire loan amount is paid off.

    3 factors that affect your eligibility for a Wedding Loan

    If you want to qualify for a wedding loan aka personal loan, it is important that you match the personal loan eligibility criteria set by the lender. Here are the three main factors that affect your eligibility for a wedding loan:

    Your CIBIL Score: Your credit card bill and loan repayment history and credit utilization determine your credit score. Most Indian lenders will check your CIBIL score to check if you are a good candidate for a loan. If you have a CIBIL score of 750 and above, your loan application is likely to be approved instantly.

    Your Debt-to-Income ratio: Creditors check your monthly income (whether you are salaried or self-employed) to figure out if you can repay the loan you are applying for. Banks will also examine your existing liabilities like a study loan, home loan, car loan, credit card debt and so on to establish your debt-to-income ratio.

    Your employment profile: Job security, work experience, applicant’s age and even the employer’s profile may be scrutinized by the lender to assess your loan eligibility. All these factors effectively indicate if the applicant will be able to repay the loan on time without defaulting
    If you are short on funds to meet your wedding expenses, availing yourself of a personal loan or a marriage loan is the logical choice. You should apply for a wedding loan only after comparing the interest rates and other charges levied by different lenders. Some important factors that will help you choose a lender include the maximum loan amount offered, applicable interest rate, loan tenure, auto-debit discount, prepayment charges and foreclosure facility. If you are planning your wedding soon, be sure to check out the best marriage loan offers from Bajaj Finserv. On meeting the simple eligibility criteria set by the lender, you can get a high-value loan amount.

    Disclaimer: This content is distributed by Bajaj Finance Ltd. No TNIE Group journalist is involved in the creation of this content.

  • This summer, get the best Personal Loan Interest Rates with Bajaj Finserv

    Today, you can get an online personal loan in hours by meeting the lender’s eligibility terms. However, planning the loan is key to a good experience when borrowing and repaying. While using a Personal Loan EMI Calculator can help you compute the right tenor and loan amount, personal loan interest rates affect how easily you can repay.

    The first thing you should do is check different personal loan interest rates offered in the market when you intend to borrow. Each lender has its rate, and these rates dictate your cost of borrowing. Remember, the higher your interest rate, the higher your EMIs. You can check this yourself by using the simple loan EMI calculator online. You can optimize your repayment by choosing a lender with the most competitive personal loan interest rates.

    Bajaj Finserv not only offers an Instant Loan for Salaried Employees with an easy online application but also some of the most nominal personal loan interest rates. This summer, you can further ensure you get the best rate possible by putting these tips into action.

    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 terms for you, it also comes into play. When you have a good credit or CIBIL score, the chances are that you get a lower interest because of your credit worthiness. A high credit score will also allow you to negotiate a good deal.

    You can maintain a good CIBIL score by making timely credit repayment, having a good debt-to-income ratio, having some experience with credit and its various types, and not relying too much on credit.

    Make use of your employer’s reputation or your profession

    Your work profile plays a vital role in deciding the terms for your personal loan, be it the loan amount or the personal loan interest rate. Simply meet the minimum salary requirement as per the Bajaj Finserv Instant loan for Salaried employees to qualify for the loan.

    However, when you have a higher salary than the minimum required or work with a reputed private or public company or MNC, there is a higher chance for you to get nominal personal loan interest rates. Your profession and total work experience can also help you get a good deal as it points to a 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 as Bajaj Finserv already knows you are a reliable borrower. These loans are also available instantly and with minimal documents, because your profile has already been verified. It takes just minutes to check your online personal loan pre-approved offer and through it you can get the loan in just 20 minutes!

    Meet the simple Bajaj Finserv Personal Loan eligibility criteria

    Meeting all the eligibility terms can also help you get competitive personal loan interest rates. The eligibility criteria for the Bajaj Finserv Instant loan for Salaried applicants is simple and easy to meet:

    Age between 27–67 years
    CIBIL score of 750 or higher
    Employment with a private/public organisation or an MNC
    Based on your city of residence, your starting salary should be Rs. 22,000 or more
    You should be of Indian nationality
    Leverage seasonal deals this summer

    You may get personal loan offers via SMS, email, or the Bajaj Finserv App. They contain attractive deals during various seasons and may get you better personal loan 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 get started, apply for the Instant Loan for Salaried Employees online by filling out the simple application form and get up to Rs. 25 lakh. With 5 years to repay the loan, you can do so stress-free and enjoy 0 charges on part-prepayment. To get the loan amount in your bank account just 24 hours* from approval, apply online now or check your pre-approved offer.

    *Terms and conditions apply

    Youtube Link -https://youtu.be/PWPSdLXChss

    Disclaimer: This content is part of a marketing initiative. No TNIE Group journalist is involved in the creation of this content.

  • This summer, get the best Personal Loan Interest Rates with Bajaj Finserv

    Today, you can get an online personal loan in hours by meeting the lender’s eligibility terms. However, planning the loan is key to a good experience when borrowing and repaying. While using a Personal Loan EMI Calculator can help you compute the right tenor and loan amount, personal loan interest rates affect how easily you can repay.

    The first thing you should do is check different personal loan interest rates offered in the market when you intend to borrow. Each lender has its rate, and these rates dictate your cost of borrowing. Remember, the higher your interest rate, the higher your EMIs. You can check this yourself by using the simple loan EMI calculator online. You can optimize your repayment by choosing a lender with the most competitive personal loan interest rates.

    Bajaj Finserv not only offers an Instant Loan for Salaried Employees with an easy online application but also some of the most nominal personal loan interest rates. This summer, you can further ensure you get the best rate possible by putting these tips into action.

    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 terms for you, it also comes into play. When you have a good credit or CIBIL score, the chances are that you get a lower interest because of your credit worthiness. A high credit score will also allow you to negotiate a good deal.

    You can maintain a good CIBIL score by making timely credit repayment, having a good debt-to-income ratio, having some experience with credit and its various types, and not relying too much on credit.

    Make use of your employer’s reputation or your profession

    Your work profile plays a vital role in deciding the terms for your personal loan, be it the loan amount or the personal loan interest rate. Simply meet the minimum salary requirement as per the Bajaj Finserv Instant loan for Salaried employees to qualify for the loan.

    However, when you have a higher salary than the minimum required or work with a reputed private or public company or MNC, there is a higher chance for you to get nominal personal loan interest rates. Your profession and total work experience can also help you get a good deal as it points to a 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 as Bajaj Finserv already knows you are a reliable borrower. These loans are also available instantly and with minimal documents, because your profile has already been verified. It takes just minutes to check your online personal loan pre-approved offer and through it you can get the loan in just 20 minutes!

    Meet the simple Bajaj Finserv Personal Loan eligibility criteria

    Meeting all the eligibility terms can also help you get competitive personal loan interest rates. The eligibility criteria for the Bajaj Finserv Instant loan for Salaried applicants is simple and easy to meet:

    Age between 27–67 years
    CIBIL score of 750 or higher
    Employment with a private/public organisation or an MNC
    Based on your city of residence, your starting salary should be Rs. 22,000 or more
    You should be of Indian nationality
    Leverage seasonal deals this summer

    You may get personal loan offers via SMS, email, or the Bajaj Finserv App. They contain attractive deals during various seasons and may get you better personal loan 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 get started, apply for the Instant Loan for Salaried Employees online by filling out the simple application form and get up to Rs. 25 lakh. With 5 years to repay the loan, you can do so stress-free and enjoy 0 charges on part-prepayment. To get the loan amount in your bank account just 24 hours* from approval, apply online now or check your pre-approved offer.

    *Terms and conditions apply

    Youtube Link -https://youtu.be/PWPSdLXChss

    Disclaimer: This content is part of a marketing initiative. No TNIE Group journalist is involved in the creation of this content.

    Today, you can get an online personal loan in hours by meeting the lender’s eligibility terms. However, planning the loan is key to a good experience when borrowing and repaying. While using a Personal Loan EMI Calculator can help you compute the right tenor and loan amount, personal loan interest rates affect how easily you can repay.

    The first thing you should do is check different personal loan interest rates offered in the market when you intend to borrow. Each lender has its rate, and these rates dictate your cost of borrowing. Remember, the higher your interest rate, the higher your EMIs. You can check this yourself by using the simple loan EMI calculator online. You can optimize your repayment by choosing a lender with the most competitive personal loan interest rates.

    Bajaj Finserv not only offers an Instant Loan for Salaried Employees with an easy online application but also some of the most nominal personal loan interest rates. This summer, you can further ensure you get the best rate possible by putting these tips into action.googletag.cmd.push(function() {googletag.display(‘div-gpt-ad-8052921-2’); });

    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 terms for you, it also comes into play. When you have a good credit or CIBIL score, the chances are that you get a lower interest because of your credit worthiness. A high credit score will also allow you to negotiate a good deal.

    You can maintain a good CIBIL score by making timely credit repayment, having a good debt-to-income ratio, having some experience with credit and its various types, and not relying too much on credit.

    Make use of your employer’s reputation or your profession

    Your work profile plays a vital role in deciding the terms for your personal loan, be it the loan amount or the personal loan interest rate. Simply meet the minimum salary requirement as per the Bajaj Finserv Instant loan for Salaried employees to qualify for the loan.

    However, when you have a higher salary than the minimum required or work with a reputed private or public company or MNC, there is a higher chance for you to get nominal personal loan interest rates. Your profession and total work experience can also help you get a good deal as it points to a 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 as Bajaj Finserv already knows you are a reliable borrower. These loans are also available instantly and with minimal documents, because your profile has already been verified. It takes just minutes to check your online personal loan pre-approved offer and through it you can get the loan in just 20 minutes!

    Meet the simple Bajaj Finserv Personal Loan eligibility criteria

    Meeting all the eligibility terms can also help you get competitive personal loan interest rates. The eligibility criteria for the Bajaj Finserv Instant loan for Salaried applicants is simple and easy to meet:

    Age between 27–67 years
    CIBIL score of 750 or higher
    Employment with a private/public organisation or an MNC
    Based on your city of residence, your starting salary should be Rs. 22,000 or more
    You should be of Indian nationality
    Leverage seasonal deals this summer

    You may get personal loan offers via SMS, email, or the Bajaj Finserv App. They contain attractive deals during various seasons and may get you better personal loan 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 get started, apply for the Instant Loan for Salaried Employees online by filling out the simple application form and get up to Rs. 25 lakh. With 5 years to repay the loan, you can do so stress-free and enjoy 0 charges on part-prepayment. To get the loan amount in your bank account just 24 hours* from approval, apply online now or check your pre-approved offer.

    *Terms and conditions apply

    Youtube Link -https://youtu.be/PWPSdLXChss

    Disclaimer: This content is part of a marketing initiative. No TNIE Group journalist is involved in the creation of this content.

  • 4 Key Reasons to Check Your CIBIL Score Before Applying for a Personal Loan

    Modern lenders have made it very easy to apply for different types of credit. Today, you can visit the lender’s webpage, fill out the easy form, and get approval within minutes. What’s more, these fintech advancements have improved loan underwriting processes, too, making it possible for you to get instant funding completely digitally. However, before you apply for such loans, take the time to check the prerequisites. You shouldcheck the CIBIL score, age, and employment-related requirements set by lenders,as these will affect approval.

    From these, a particularly important one to note is your CIBIL score. It is often the first factor of your profile that lenders assess. Read on to better understand why it is important to check the CIBIL score before applying for a loan.

    Determines your eligibility for the loan

    The main reason to check your CIBIL score before applying for the loan is that it is a key part of loan eligibility criteria. Most lenders will mention the minimum CIBIL score required to qualify for the loan, which is usually 650 or higher. However, for an affordable loan, you may be required to have a CIBIL score of at least 750.

    Do note that you can still get a loan even if you have a low score. While some lenders may reject your application due to a poor score, others may have other offerings you can avail of. Getting a personal loan with a low CIBIL score may require you to submit additional documents and proofs to lenders and the terms offered may not be favourable.

    Provides you with insight into your creditworthiness

    Besides determining your eligibility for the loan, your CIBIL score can help you understand your creditworthiness. If you aren’t assigned a CIBIL score, it means you have no experience with credit. As such, you are less likely to qualify for big-ticket unsecured loans. If you have a CIBIL score that ranges between 350 and 549, you have a bad score with a high risk of defaulting on payments. Lenders will not consider you a creditworthy applicant. A score ranging between 550 and 649 is a fair score, and you may qualify for certain loans.

    A CIBIL score between 650 and 749 is considered a good score that many lenders will deem adequate enough for approval. Finally, a CIBIL of 750-900 is an excellent score and it will get you the best loan offers.

    Allows you to avoid the negative impacts of loan rejection

    Knowing your CIBIL score before you apply for a loan can help you reconsider your decision. Getting rejected for a loan does have a negative impact on your CIBIL score, reducing it temporarily. This is because lenders incite a hard inquiry into your credit report and this is reflected on your credit history.

    Multiple such inquiries and rejections are red flags to lenders,and you may be considered a credit-hungry applicant. Many lenders do not sanction loans for applicants with such a profile as there is a high risk of default. However, if you have applied in the past and have been rejected, wait for a few months before applying for a loan again. 

    Gives you an idea of the loan terms you can expect

    The loan terms such as the interest rate, sanction, and even the tenor can be affected by your CIBIL score. Availing a personal loan with a low CIBIL score will have its downsides: a higher interest rate and a lower sanction. In some cases, you may not get the ideal tenor. On the other hand, with a high CIBIL score, you can qualify easily and get the loan on flexible terms. This allows you to find and avail of the best loan offers in the market. What’s more, with a high CIBIL score, you can negotiate with lenders and get a much better deal than advertised.

    Your CIBIL score is a very important part of your profile, which is why you can’t ignore it. Lenders will assess your credit profile thoroughly,and a poor score will lessen your chances of getting approval. Thankfully, you can build your CIBIL score and do so is well worth the effort. The best and most reliable way is to be consistent with payments and avoid making multiple credit applications. To check the CIBIL score easily and download your credit report, visit the Bajaj Finserv website to avail of the service.

    You can check your CIBIL score for free in 3 quick and easy steps. The process is very simple and takes just a few minutes. All you have to do is enter your details, verify your identity, and view your report. What’s more, there is no negative impact on your score when you check CIBIL score online via this service.

    *Terms and conditions apply

    Disclaimer: This content is distributed by Bajaj Finserv Ltd. No TNIE Group journalist is involved in the creation of this content.

  • Plan your big expenses this new year with a Personal Loan EMI Calculator

    Online MI

    The beginning of the year is also the ideal time to plan your home’s renovation, buy a car, arrange funds for a grand wedding, take courses to upskill yourself professionally, and meet other goals in 2022.

    Managing all these expenses can chip away at your savings. However, by taking a loan smartly, you can easily meet all your monetary needs. A personal loan doesn’t require you to risk any assets for funds and has simple eligibility criteria to meet. When you find a suitable personal loan, apply online to save time and add convenience.

    Use a personal loan EMI calculator to calculate personal loan EMI and plan your loan with ease. It helps you compute your monthly instalments as per the loan amount and tenor, so you have an affordable experience. Using a personal loan EMI calculator, you can also compare and choose the best loan offer as it shows you how a small change in interest rate affects your EMIs.

    Read on to know how a personal loan helps with big expenses this new year.

    Book the perfect family vacation with a large sanction

    In this new year, start planning your vacationand do so without any financial restrictions. You can access a large sanction with a personal loan, as much as Rs.25 lakh. This allows you to plan extravagant vacations, be it to incredible destinations in the hills, tropical beaches, spots frequented by tourists or places off the beaten track. What’s more,you do not deplete your savings by borrowing smartly. The sanction can be used to cover all your travel-related expenses without restrictions.

    Qualify easily and give your home a brand new look

    You may have plans to remodel and renovate your home as the new yearrolls in. Be it a fresh coat of the brightest paint, newinstallations for your home, or a complete overhaul of the living room, you can fund all these undertakings easily. This is because you don’t have to jump through hoops to qualify. All you have to do is meet simple criteria, which usually are:

    You must be a citizen of India, aged between 21 to 67 years*.
    You must work in a private or public company, or an MNC
    You must have a CIBIL score is at least 750
    You must maintain the city-specific income requirements
    Receive same-day disbursal and fund a grand wedding

    A smart way to prepare for the special day is to avail of funds via a personal loan effortlessly. Financial hitches during wedding preparations are a major inconvenience, but with the right lender, you can avoid this problem altogether. You can even get same-day disbursal with top-tier lenders, making it a smart choice even if you have last-minute expenses you weren’t prepared to make. What’s more, withdisbursal within 24 hours*, you never have to delay or postpone a payment. This means you can lockin your desired vendors, make advance payments, or handle other issues easily.

    Consolidate a high-interest debt and pay lower interest

    Going into the new year to clear your debt is a good resolution. With the right personal loan, you can make this happen. Certain lenders have competitive personal loan interest rate offers and allow you to choose a tenor of up to 5 years.So, if you are servicing high-interest debt, you can opt for a lowinterest personal loan and consolidate it cost-effectively. With the help of apersonal loan interest calculator, you can choose terms that are convenient for youand handle repayment in a stress-free manner.

    Today, applying for a personal loan has become very easy, especially with features like the personal loan EMI calculator. You can compare the sanction and monthly installments with interest rate and tenor and choose the best lender. For instance,with a Bajaj Finserv Personal Loan, you can get a large sanction of up to Rs.25 lakh to fund your big expenses.

    By meeting just a few eligibility criteria, you can receive the loan amount in your account in no time. If any situation affects your savings or cash flow, you can lower your EMIs by up to 45% with the Flexi facility. You also get a long tenor of 5 years for repayment. Without delaying further, check your pre-approved offer and apply online.

    *Conditions apply

    Also Read:-

    Give your home a new look with the Bajaj Finserv Home Improvement Loan

    Get instant approval on personal loans in just a few minutes

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    Disclaimer: This content is distributed by Bajaj Finserv Ltd. No TNIE Group journalist is involved in the creation of this content.

  • Get instant approval on personal loans in just a few minutes

    Even with savings or an emergency fund, having an adequate corpus set aside for such expenses can be challenging. Thankfully, you can always rely on an instant personal loan for such needs.

    Lenders like Bajaj Finserv offer personal loansthat are easy to avail of, offer a large loan amount at attractive interest rates.  To know how you can get a Bajaj Finserv Personal Loan, read on:

    Meet all the instant personal loan criteria

    To avail of an instant personal loan, you must qualify for it. This means you have to meet the personal loan eligibility criteria and ensure that your profile isn’t lacking in any way. The best personal loans are usually those you can get easily, which is possible if the lender has lenient requirements.

    Bajaj Finserv is one such lender with whom you don’t have to worry about meeting a long list of terms. To highlight how simple it is to qualify, here are the instant personal loan parameters you need to meet:

    You must be between the ages of 20 and 60 years
    You should have a CIBIL score of at least 750
    You must be a citizen residing in India, employed at a reputable MNC, private, or public company
    You must meet the city-specific annual income requirements
    Maintain an excellent CIBIL score

    Your CIBIL score is based on your credit history, and lenders refer to it when assessing your creditworthiness. Since these quick loans are unsecured instruments, your credit score is a particularly important criterion. If your score is too far below the minimum requirement, you may not qualify for an instant personal loan. Ideally, you should maintain a score of at least 750, as this gives you the best chance at instant approval. Before you apply for such a loan, check your CIBIL score. Get your credit report as well and check for mismatches or discrepancies. Addressing these can improve your score and increase your chances of instant approval.

    Gather the required documents

    To process your loan application, all lenders require documents. Bajaj Finserv has optimised this part of the process and only needs you to submit basic paperwork. These include:

    KYC
    Financial statements

    Income documents

    Proof of employment

    Gathering these simple documents and having digital copies ready is the best way to prepare. Once you apply, you may be required to upload these documents digitally. This is the quickest way to get processing underway and enjoy instant funding. To make things even better, certain customers may not be required to share any additional documents. This paperless process further expedites loan processing, approval, and disbursal. 

    Avail of a pre-approved loan offer

    The best personal loans to avail of are those that have a pre-approved offer ready for you. Here, you don’t have to apply for the loan, and you enjoy the benefit of instant access to funds. Bajaj Finserv offers such a provision, and all you have to do is:

    Log on to the personal loan page on the website
    Check your pre-approved offer
    Agree to the terms of borrowing
    Authorise disbursal
    Everything can be done in just a few clicks and within minutes. In fact, with a pre-approved loan offer, you could get money in the bank in just a few hours.

    These tips will ensure that you don’t face any problems or hitches when using quick loans. However, if you do not have a pre-approved offer, follow this straightforward step-by-step guide.

    Steps to get the Bajaj Finserv Instant Personal Loan

    Bajaj Finserv has streamlined your access to funds. Today, you can get started digitally and enjoy the whole experience entirely online. To enjoy such a benefit, follow these steps.

    Visit the Bajaj Finserv Personal Loan website
    Click on ‘APPLY ONLINE’
    Fill the easy online form with:
    Personal details
    Financial details
    Employment details

    Enter the loan amount required and the tenor
    Await contact from an authorised representative for verification
    Upload the required documents
    Get approval for an instant personal loan
    Receive disbursal with a few hours
    The best personal loans are those that have simple, time-efficient processes. Bajaj Finserv allows you to enjoy this benefit with their instant personal loans. The optimised loan application provision combined with the intuitive and interactive website makes accessing funds simpler than ever. Even if you aren’t tech-savvy, you’re sure to enjoy a hassle-free experience with Bajaj Finserv. Get access to an instant personal loan atcompetitive rates and solve all your urgent funding problems with ease. To get started, apply online.

    Disclaimer: This content is distributed by Bajaj Finserv Ltd. No TNIE Group journalist is involved in the creation of this content.

  • Meet your financial goals with ease with an instantpersonal loan

    During these months, people usually venture out on new adventures and lay the foundations for their future goals. From Navratri to Diwali and beyond,this is the time for new beginnings.And many take the opportunity to fulfil their dreams during this time.

    When it comes to your financial goals, leave no stone unturned.Take advantage of instant approval, quick disbursal, and flexible repayment options on personal loans. Loaded with features, this instrument is the perfect addition to your financial toolkit.

    Read on to know how a personal loan, like the one offered by Bajaj Finserv, can help you get the funds you need to achieve your goals.

    Qualify easily and spend more time enjoying the festivities

    Generally, loan processes and procedures require a fair bit of time and effort. You may need to do some legwork and even visit the lender multiple times to get things in order. This can be a hassle and cause you to miss out on quality time with your family and loved ones. 

    Thankfully, this isn’t a problem with the Bajaj Finserv Personal Loan. You don’t have to jump through hoops to qualify or get approval. Meet the lenient criteria, apply online, and submit basic paperwork. Everything can be handled digitally and in just a few clicks. Bajaj Finserv also offers instant approval in just a few minutes, and you could even benefit from same-day disbursal too! 

    Access a sizable sanction and handle any expense

    Bajaj Finserv offers a personal loan sanction that ranges up to Rs. 25 lakh. This sizable sum can comfortably handle a wide array of purchases and can even be used to fund certain financial goals! For instance, you could use the sanction to:

    Host a wedding
    Buy the latest home appliances and gadgets
    Renovate your home
    Purchase travel tickets
    Fund overseas education
    The loan has no spending restrictions, and you can use it to fund any expense. This includes business-related goals, medical emergencies, and debt consolidation too! 

    Make repayment a breeze with a flexible tenor

    Amid the festivities, the last thing you need to worry about is your debt obligation. With a Bajaj Finserv Personal Loan, such concerns are a thing of the past as you get access to a flexible tenor. You can opt for a repayment plan that ranges up to 60 months, and this is plenty of time to handle short-term debt. To find the best terms for yourself, use the specialised EMI calculator and identify EMIs you can easily manage. Besides tweaking repayment to suit your budget, you can use the personal loan interest calculator to optimise your interest outgo as well. This way, you can save money while you repay your loan. The flexible tenor allows you to handle payments easily while ensuring you never have to worry about defaulting. 

    Enjoy an affordable and cost-effective borrowing experience 

    When it comes to the festive months and the period following them, it is quite common to shop for a bargain. Top retailers, brands, and service providers launch their seasonal deals, and you can be assured of an affordable experience during these times. While you look for the best deals, make sure you take advantage of personal loan interest rates.

    This makes it an ideal option regardless of the expense, and you can rest easy knowing you’re getting a deal. Applicants with a strong financial and credit profile may even access the loan at better rates. Perks like these are available to borrowers with an excellent CIBIL score, so be sure to apply with a CIBIL score of at least 750. 

    Achieving your goals is easiest when you have financial backing from a leading lender. The Bajaj Finserv Personal Loan is optimised at every step and guarantees a convenient experience. This is crucial, especially during the key festivals, as you don’t want to run into a cash crunch that can disrupt your plans. What’s more, the affordability it offers helps you borrow freely without worrying about any negative impacts on your savings. 

    So, make life a lot easier and get a Bajaj Finserv Personal Loan. Apply online for the quickest experience and get disbursal within 24 hours* of approval. To get started right away, check your pre-approved offer and enjoy hassle-free access to funds.  

    *Terms and conditions apply

    Disclaimer: This content is distributed by Bajaj Finserv Ltd. No TNIE Group journalist is involved in the creation of this content.