Guidelines to Apply Personal Loan Online with Mobile App

Everyone strives for financial independence and tries to achieve their dreams on their own. However, life can be unpredictable at times and you could land yourself in challenging financial situations. For instance, a medical emergency could arise with you or your family member. Or, you could get trapped in debt and the financial burden may make it difficult to manage your monthly expenses.

At such times, a personal loan can be an effective remedy to pull you out of such situations. They are easy to avail so that you can complete the application process without stepping out of your home. You can download a personal loan app and follow a simple and easy application process. Several leading private lenders offer loan apps. The Bajaj Finserv loan app is a one-stop solution for all your loan-related queries and services.

If you have never used a loan app before to avail a loan, you would want to do everything right and not miss out on any vital step. To ensure that you are on the right path, follow this step-by-step guide to avail loans online.

Key In Your Details In The Online Application Form

As the first step to your loan application process, open the form on your easy loan app. Here, the most vital details you need to fill include your personal, employment, and financial information. Details such as your age, monthly income, and current loan liabilities will determine your loan eligibility. Providing accurate information will ensure that your application doesn’t get rejected on the grounds of an incomplete form.

Select The Loan Amount And Tenure

As a part of the next step, you will be required to fill out the loan amount you need. In addition, you have to provide the duration of your loan period. You can use the tools such as eligibility calculator and EMI calculator if you are unsure of the loan amount you can afford. These calculators are critical features in your quick loan app that can help you in determining a reasonable and affordable loan amount. The personal loan EMI calculator will help you know an estimated EMI amount once you fill your loan amount and tenure. 

Submit All The Required Documents

You don’t need to go through the tedious process of taking print-outs or sit while an executive verifies your documents. Here are the standard documents you may have to submit as part of your application process.

  • Your KYC documents – identity proof, residential proof
  • Employee ID card
  • Previous months’ salary slips
  • Personal bank account statement
  • Photograph.

In addition to these, you may have to submit additional documents as required by your lender. 

Once your documents are verified, your loan can get disbursal within a few minutes.

Availing personal loans is much easier with the advent of easy loan app. Today, you can apply for a personal loan at home and receive an approval in a matter of a few hours. 

It is a good idea to view your pre-approved offer before beginning your loan application process. These pre-approved offers can not only make the process smoother and faster but can also save you from multiple iterations. Bajaj Finserv is a trusted partner that offers pre-approved offers for personal loans, home loans, and business loans.

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