personal loan bajajIt was one of those days when the need for money was making Rakesh sick again. The wedding of his only daughter was approaching and he had a crunch for the programmes were to last many days. He needed some cash immediately for the home renovation and repair. Money was not scarce but a little extra would help. He asked around a few people but didn’t manage to collect the amount. So then he had to tell someone and that someone was his daughter. She was working in a call centre and had heard about Bajaj Finserv. She knew about savings and mutual funds for this company, but decided to log on and found a Home Repair Loan.

So father and daughter sat down and browsed through the site. They found much more than they had been looking for. The company offers Personal Loan for Wedding, Personal Loan for Travel, Home Improvement and much more. It said that only five minutes to apply and 72 hours to get the money. Suddenly the duo had a smile on their faces. But there are important factors to be considered during this process. Things like loan calculator, EMI!

The website is well prepared and gives all the information clearly. There was no running around involved, as it gave a tool called instant online approval. All one needs to do is fill in the form and send it. An executive will contact and help with all the paperwork. And the maximum limit was Rs 25 lakh with flexibility of time period to return it, tenure going from 24 to 60 months.

However, it’s important to check your eligibility for the personal loan. Only then you can make your decisions.

For existing customers, there are special offers. And the system is very transparent, as one can keep track of everything through the customer portal. It gives all information related to payment schedule, interest certificate, repayment track and key information related to the loans.

The story of this personal loan for a wedding is not unique to this father-daughter. There have been many young couples and young ones who have taken on personal loans for various purposes. Some wanted to travel to a different country for a vacation and some wanted to make minor repairs. Some needed money immediately for paying hospital bills.

But some factors need to be kept in mind:

  • There are different rules for people who are salaried, self-employed and business people.
  • There are loans for doctors too. One can avail loans against shares also.
  • And there are gold loans also.
  • And the company also extends loans for two and three wheelers.
  • There are home improvement loans.
    So it’s quite easy to get a personal loan!