Unwanted or unpredictable expenses crop up in every person’s life. People often need additional cash to fund these which may not always be available. In such a scenario, opting for a personal loan online poses a smart choice catering to all such expenditures.
There are some NBFCs like Bajaj Finserv which provide the fastest personal loan disbursal within 24 hours of application. Also, they give pre-approved offers for their existing borrowers on a personal loan, business loan, home loan and several other financial services as well as products. These exclusive tailor-made scheme with simplified process aids in saving a lot of time of the borrowers.
Most people prefer taking personal loans online owing to its instant availability. So, if you are planning to opt for one, here’s how to apply for a personal loan:
Unlike the conventional way of processing, an unsecured personal loan takes less disbursal time when applied online. In fact, the loan amount is disbursed within 24 hours in your accounts post verification of few documents.
You need to furnish the following while applying for a personal loan online:
- KYC documents
- Employee ID card
- Salary account statements for the last three months
- Salary slips of the prior two months
Apart from minimal paperwork, you also need to match the following personal loan eligibility criteria:
- Your age needs to between 23 and 58 years at the time of application.
- You should have a stable source of income from an MNC or any public/private sector.
- Lastly, you need to be a residing citizen of India.
Note: NBFCs also provide their borrowers with an online eligibility calculator to evaluate the unsecured personal loan eligibility criteria beforehand.
So, getting an immediate personal loan online with instant approval within 60 seconds and fastest disbursal is a reality now. An additional benefit is that if you are an existing consumer of the lender, the loan disbursement process will be paperless and hassle-free.
How much can you borrow while availing the loan online?
Financial institutions offer a substantial loan amount that can range up to Rs. 25 Lakh fitting all your expenses. So, renovate your home, pay unexpected medical bills, go for a dream vacation or consolidate all your debts with the instant disbursal of such huge amount.
Some more features and benefits:
- Easy repayment schemes
Lenders also provide convenient repayment scheme. Once the money is disbursed in the borrower’s account, he can repay the loan through post-dated cheques or Electronic Clearing Services (ECS).
In addition, a borrower gets a flexible tenure to pay off the credit that varies between 12 months and 60 months.
- Affordable interest rates
Most lenders usually come with attractive personal loan interest rates. However, if a borrower can establish his creditworthiness, lenders also keep room for further negotiation of the rate of interest.
- Flexible Loan facility
It is a new-age facility that allows the borrower to withdraw fund whenever required. He has the advantage of paying only the interest part as EMIs and that too on the utilised amount instead of the total sanctioned value.
The best benefit is that a debtor can avail funds as many times as he wants from the sanctioned amount.
Hence, with easy application and instant disbursal of personal loan online, loan seekers don’t need to go through any hassle. Take advantage of online application and get hold of instant money for any financial requirement.
4 Questions You Must Ask Your Financial Adviser
Money is one of the essential things to survive. But, it is not only about having enough money that makes life smooth because if you don’t know the right way to manage it, then things might get worse.
So, if you earn well, have a lot of money and don’t have a clear idea about managing it properly, then seeking help from a reliable financial adviser is a great idea. However, you must know that all financial advisers do not work in your best interest, and some may even try to fill their pockets by selling commission-based products instead of giving you the right investment advice.
If you are unsure about how to deal with a financial adviser in Blackpool or wherever you live, then here are a few questions to ask them before investing your money.
1. How Will They Invest Your Money?
It may come as a surprise to you, but many people don’t ask their financial advisers about how they are going to invest their money. Well, you must always start the process of your financial protection by asking this very question because it will provide you with a clear idea about how your portfolio is going to be managed.
Ask your financial adviser about the strategies they are going to implement and at the same time, you may ask for the explanation of the chosen strategies.
2. What Is Their Qualification?
You must always ask your financial adviser about their qualifications and what all certificates do they hold. Many firms ask the financial advisers to either pay a certain amount as fee or take a course. Now, you must avoid such advisers and look for either a certified financial planner and public accountant, or a chartered financial analyst.
Besides the qualifications, it is always good to go with the advisers who hold some experience in the field. Also, look into their speciality and the number of clients they deal in a year.
3. How Much Do They Charge?
It is always a good idea to enquire about how much they will charge you for seeking their services. If your adviser is paid a fee and does not get a commission on products, then they will work in your best interest instead of acting like a mere salesperson.
4. What Are The Available Options For Liquid Savings?
Many investors like to start their investment journey by focusing on the liquid savings fund and seeking help from expert advisers. Well, it is the first act of defence for making a personal investment and the main reason behind seeking guidance from a professional adviser.
So, never hesitate to ask your adviser questions regarding the reliable options available for a liquid investment.
The Final Say
When you look for a baby sitter for your little munchkin, you just don’t end up picking the first person you interview. Right? You go through the entire process of interviewing different baby sitters and then choose the one you find the best.
Well, that’s how it has to be with finding a financial adviser because you just can’t trust any random person with your money. So, don’t feel afraid to talk to different advisers, ask your questions to them because doing this will help you save your investment in the best possible way.