Manage Medical Expenses With A Personal Loan At Finserv MARKETS
Medical emergencies are uncertain as you may not be aware of all the medical needs and associated costs of the treatment. It is possible the medical condition is minor and can be treated within a few days. In cases where you or your loved one comes across a major health issue, you might need financing to cover the hospital bills and medication expenses. In such times, a personal loan can be an ideal option to get instant financing without much hassle.
At Finserv MARKETS, you can avail a Bajaj Finserv Personal Loan through the app or the online website. To apply, you need to make sure you qualify for the loan and provide the required documents online. On approval of your instant personal loan, the loan funds will get credited to your bank account. The best thing about this loan is that you get the funds you need immediately, which allows you to repay the loan as per your convenience.
Benefits of a Personal Loan
- Quick Online Process
Numerous banks and lending institutions offer instant personal loans at attractive rates. The online process requires less time, has a basic eligibility criterion, and minimal paperwork requirement.
- No Collateral Required
For an unsecured loan, the borrower does not require to pledge any collateral as security. This makes it convenient for anyone to avail funds to cover medical expenses, especially during emergencies.
- Flexible Loan Repayment
When you apply for a loan, you must look for lenders that offer flexible loan repayment tenures to lower the stress of repaying the loan amount. If you require more time for the loan repayment, you can opt for a longer loan tenure based on your repayment capability.
- Covers a Wide Range of Medical Treatments
The loan amount can be used to manage all kinds of healthcare costs. You can easily finance expensive treatments and also cover critical illness medication and hospitalization costs effortlessly.
There are numerous lenders in the financial market that offer affordable rates on a personal loan. By applying for a Bajaj Finserv Personal Loan, you can avail a loan amount of up to Rs. 25 lakh at attractive interest rates starting from as low as 12% per annum. The rate of interest on the loan will be based on your credit score and loan repayment capacity.
The following are the personal loan eligibility criteria one needs to qualify to avail a loan at Finserv MARKETS.
- Applicant must be between the ages of 21 and 60 years.
- The applicant must be an Indian citizen to qualify for the loan.
- The applicant must be employed at a private or a public sector company or needs to be a self-employed individual to be eligible.
- Salaried applicants must have a minimum net monthly salary of Rs. 15,000- Rs. 35,000.
To apply for a personal loan online, the borrower has to submit a list of loan documents. They are as follows:
- Proof of identity such as Aadhaar/PAN cards, Passport, etc.
- Proof of address such as Aadhaar Card, Passport, Electricity bill, etc.
- Bank account statement for the previous six months.
- Salaried applicants need to submit bank statements and salary slips for the last three months.
- ITR (Income Tax Return) or Form 16.
Apply For a Bajaj Finance Personal Loan
Given below is the process of applying for a Bajaj Finserv Personal Loan online at Finserv MARKETS.
Step 1: Start by filling in the personal loan application form with the required personal and financial details.
Step 2: Choose the loan amount you require followed by the loan tenure to proceed.
Step 3: You need to submit all the required loan documents along with the application form for verification.
Step 4: On approval of your loan application, the funds will get disbursed to your bank account.
CIBIL Score Check
An individual’s CIBIL score plays an important role when it comes to availing a loan. The first thing the lender does when you apply for a loan is to check your credit report to determine your creditworthiness. If you have a good score, i.e. above 750, availing a personal loan becomes much easier. Hence, it is advisable to do a CIBIL score check to ensure you are eligible for instant loan approval and lower interest rates.
Conclusion: Medical emergencies are very uncertain so we should take health insurance or cover medical expenses with a personal loan from Finserv MARKETS which can be applied via Finserv MARKETS website or app.