Bajaj Finserv, through its lending arm Bajaj Finance Limited, has announced pre-approved loans that can be availed of digitally. With it, customers can borrow money online through a paperless process and address both planned and urgent expenses stress-free.
This facility also eliminates the need to fill an offline or online loan application form. Existing customers of Bajaj Finserv need only to check their pre-approved loan offer and authorise online disbursal, it said in a press release. To access pre-approved funding, customers must meet the minimum criteria:
• Applicants must be citizens of India and be between 20 and 60 years of age
• Have a steady income
• Must meet the city-specific income requirement
• Have a CIBIL score of 750 or higher
Applicants new to Bajaj Finserv are required to upload their basic documentation to get the funds they need.
How to avail of a pre-approved loan
Visit the application form on the Bajaj Finserv website
Log in by entering the OTP sent to the user’s phone number
Check the pre-approved loan offer set aside
Verify loan details and pick a suitable tenor
Check the entered details and complete the online process
Customers can borrow funds up to Rs. 25 lakh. This amount is based on the borrower’s financial and credit profile.
Customers can have the entire pre-approved loan disbursed to their accounts within 24 hours.
Customers can repay their Bajaj Finserv Personal Loan over a tenor of up to 60 months. The pre-approved loan has no hidden costs.
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