Are you in dire need of some urgent money on short notice?
If yes, then you don’t need to liquidate your savings or assets. It is because you can now rely on the unique facility of the Digital personal loan online.
Leading online lenders can let you avail the instant personal loan of a higher amount if you are the right applicant.
If you wish to know about the easy steps that can help you apply for the Digital personal loan online, this post is for you. Read on!
Here’s how you can apply for the instant personal loan online
By following the below easy steps, you can apply for the Digital personal loan and avoid stepping out of your home during COVID-19 and stay safe. Take a look:
- Land on the website of the lender that you wish to apply for the instant personal loan with.
- Fill the online personal loan application form with your personal, professional and income details.
- Enter your desired loan amount and the tenure you want to repay the amount within.
- A representative of the creditor will get in touch with you shortly to collect your personal loan documents.
- If everything is good to go, your desired loan amount is credited into your bank account within 24 hours*.
It is the standard procedure for applying for the Digital personal loan. The application method and personal loan verification process may differ from lender to lender.
What benefits does the Digital personal loan give you?
When you apply for an instant personal loan, you open a world of benefits suiting your monetary needs and budget. Have a look:
- Quick approvals
If you have the required creditworthiness, then leading lenders may not take much time to approve your loan request. It may be sanctioned instantly.
- Money disbursement within 24 hours*
You may be applying for a Digital personal loan to access money faster. Hence, top lenders take only up to 24 hours* to disburse the loan money to your bank account.
- Flexible repayment tenure of up to 60 months
Once you avail the Digital personal loan, it need not hamper your outlays. It is where known lenders may let you repay the instant personal loan within 60 months. This way, you can be in complete control of your financial planning in advance. To know about the exact EMI amount, you can use the personal loan EMI calculator online.
- A large loan amount
As per the basis of your CIBIL score and lender’s policies, you may be eligible to get a large amount of up to Rs.25 lakh. Personal loan interest rates may be on the higher side as it’s generally unsecured. But if your credit score is 750 or more, you can negotiate with the lender for a lower rate. You can also use the personal loan eligibility calculator to know about the exact amount you will get. The tool is available for free on a lender’s website.
- Use the loan amount for any purposes
If the purpose of using the instant personal loan is legal, then lenders don’t place any restrictions on the way you use the amount.
Now you are aware of the steps of applying for the Digital personal loan and its benefits. If you are ready, you can start applying for it online and cover your needs quickly.
Bajaj Finserv presents pre-approved offers on personal loans and more to ease off the loan processing.
You can check out your pre-approved loan offers by sharing your basic details like your name and mobile number.