Need a Personal Loan Fast? Apply Via a Pre-Approved Offer
Whether you’re faced with a medical emergency or simply want to go on an unplanned holiday, there are plenty of occasions that mandate quick personal loan financing. A good way to do this is to apply for a quick personal loan via a pre-approved offer. This is because having a pre-approved offer generally implies that your lender has conducted a background check on your financials and is happy with your credit profile.
The personal loan you are offered in this way is tailored to your repayment capabilities and means that you have already met the simple eligibility terms required by your lender.
Further, since the application procedure is streamlined, a speedy disbursal normally follows and you can meet all your goals fast and without delay.
Here’s how you benefit from and can get access to funding via a pre-approved personal loan offer.
Get a loan without any collateral
Pre-approved personal loans come under the general personal loan umbrella and hence are collateral-free.
This makes for a hassle-free application and saves on time as you neither have to go through the process of identifying an asset like real estate or an investment that you can pledge, and lenders do not need to undertake any valuation process.
Further, since applying via a pre-approved offer generally ensures that the loan is customized to your financial profile, you can look forward to obtaining a low-interest rate personal loan, with the best possible deal that your profile can attract.
Avail funds instantly, in just 24 hours
Pre-approved offers are a gateway to quick personal loan financing. The eligibility terms are usually simple and their processing time is usually less.
In effect, this hastens the disbursal procedure as well.
For instance, when you apply for the Bajaj Finserv Personal Loan, you benefit from a speedy 24-hour disbursal upon approval.
While the disbursal time is lender-specific, the approach of applying via a pre-approved offer should help you cut down on the steps involved with applying in all cases.
Access money by furnishing minimal documents
Another reason why pre-approved offers help you get quick personal loan financing is that when you apply for one, the documents required for personal loan tend to be fewer.
Documents serve as a means to prove your eligibility and since these terms are relaxed, you can expect the paperwork to be less too.
General ones like KYC documents and financial documents should suffice and further, with the use of technology, your preferred lender may even allow you to upload soft copies.
Now that you are aware of the features and benefits of a pre-approved personal loan, read on to know how you can obtain one easily.
How to apply for a pre-approved personal loan?
One way to get a pre-approved offer is to wait for your lender to send you one.
On doing a routine check of your finances, your lender may deem you worthy of more credit and so, extend a pre-approved offer to you.
Another way to obtain one is to head over to your preferred lender’s website and check your pre-approved loan offer.
Once you share a few personal details, your lender will let you know how much you are eligible for basis your income, fixed obligations, and credit profile.
One lender that allows you to apply via a pre-approved offer and access quick loan financing is Bajaj Finserv.
Through this offer, you get access to collateral-free financing of up to Rs.25 lakh, for a tenor of up to 60 months and at a competitive interest rate.
Further, Bajaj Finserv allows you to make multiple withdrawals without additional applications through the loan feature and helps you compute the monthly cost of your borrowing with the easy-to-use personal loan calculator.
With Bajaj Finserv, you can have your online loan application approved in under 5 minutes.
To get this benefit, check your pre-approved offer now and obtain a quick personal loan on customized terms!
Category: Loans
This is quite interesting. Personal loans are helpful at some point and since a lot of lenders offer this online nowadays, and it’s indeed a lot easier. It’s important to have a good credit score and only borrow the amount needed. Plus, every borrower should read and understand the fine print before taking out the loan. Cheers!
This is what I always thought.