Loan App In India

Download the Bajaj Finserv mobile app and apply for a personal loan instantly from the comfort of your home.
Online loan app
3 min
11-May-2024

In the fast-paced world of digital advancements, obtaining a personal loan has become easier and faster than before, thanks to the rise of instant loan apps. These applications have transformed traditional lending methods by providing a smooth and efficient experience for those in need of quick financial support. Bajaj Finance Limited, a trusted financial entity, offers a convenient mobile app that streamlines the personal loan application procedure for users.

What is a loan app?

A loan app is a mobile application enabling users to apply for and acquire loans, particularly personal ones, entirely through online channels, eliminating the necessity of visiting physical bank branches or completing extensive paperwork. Leveraging technology, these apps simplify the personal loan application process, ensuring convenience, transparency, and efficiency.Top of FormBottom of Form

Features of loan apps

  1. Speed and convenience: Unlike the traditional loan application processes, which can take days or even weeks to complete, loan apps offer significantly faster turnaround times. You can apply for a loan anytime, anywhere, directly from your smartphone. The application process is typically swift and straightforward, with disbursal often occurring within minutes.
  2. Paperless application: Gone are the days of collecting and submitting stacks of paperwork. Instant credit loan apps enable you to submit your application electronically, eliminating the necessity for physical documents.
  3. Transparency and flexibility: Reputable lenders and their loan apps provide clear and transparent loan terms. You'll be fully informed about the amount you're borrowing, the interest rate, and the repayment schedule upfront. Moreover, some apps offer flexible repayment options, allowing you to select a repayment plan that aligns with your budget.Top of FormBottom of Form
  4. Quick approval: Using online application process, you can get quick approval provided you meet the eligibility and submit the required documents.
  5. Minimal documentation: With a Bajaj Finserv Personal Loan, you can benefit from minimal paperwork and complete your application comfortably.
  6. Flexible repayment options: When you apply for personal loans online, or through app, you get options to choose the repayment tenure. This flexibility helps in planning your repayment comfortably.
  7. No collateral required: Since personal loans are unsecured, you do not need to provide collateral such as gold or property to get the quick loan.

What are the eligibility criteria for a loan?

The eligibility criteria for a personal loan differs from lender to lender. To get a Bajaj Finserv Personal Loan, you simply need to meet the basic criteria mentioned below:

  • Nationality: Indian 
  • Age: 21 years to 80 years*. 
  • Employed with: Public, private, or MNC. 
  • CIBIL Score: 685 or higher. 
  • Monthly salary: Starting Rs. 25,001, based on the city you live in.

*You should be 80 years* or younger, at the end of the loan tenure.

You can use the personal loan eligibility calculator to understand the loan amount you can borrow based on your profile.

How to apply for a personal loan through Bajaj Finserv app?

Step 1: Download the Bajaj Finserv app

Start by downloading the mobile loan app from either Google Play (for Android users) or the Apple App Store (for iOS users). Once the installation is complete, open the app and create an account if you do not have one already. Ensure accurate details during the registration process.

Step 2: Log in to the app

After successfully creating an account, log in to the Bajaj Finserv app using your credentials. This grants you access to various features, including the personal loan application process.

Step 3: Visit the personal loan section

Navigate to the personal loans section within the app. You can find this option on the home screen or within the loans section.

Step 4: Select loan amount and tenure

Once you have determined your eligibility, the instant loan app will guide you in choosing the loan amount and repayment duration that aligns with your requirements. Utilise the app to input the necessary details and customise these parameters based on your financial needs and repayment capacity.

Step 5: Submit required documents

Bajaj Finance Limited may require specific documentation before processing your personal loan. The app will prompt you to upload essential documents required for personal loan, such as proof of income, identification, and address. Ensure that these documents are accurate and clear for a smooth personal loan application process.

Step 6: Review and submit application

Thoroughly review all the information that you've provided before submitting your instant loan application. Double-check the loan amount, tenure, and accuracy of your personal details. Once satisfied, submit your application for processing. A representative will then reach out to you to proceed with the application.

Reasons to use instant small loan app for borrowers

Using an online loan app for borrowing offers several advantages, making it an appealing option for those needing quick funds. With the Bajaj Finserv app, one of the best loan apps in India, you can benefit from:

  • Convenience: Apply for a loan anytime, anywhere, without visiting a bank.
  • Fast approval: Enjoy quick processing and instant approval, often within minutes.
  • Minimal documentation: Submit only essential documents, streamlining the application process.
  • Flexible options: Choose from various loan amounts and repayment terms to suit your needs.
  • Transparency: Easily track your repayment schedules and outstanding balances through the app.

These benefits make an online loan app an efficient and practical solution for immediate financial needs. Obtaining a personal loan via the Bajaj Finserv app is a easy, offering immediate financial support right at your fingertips. By adhering to these steps, you can effectively navigate the urgent loan app, offering a swift and easy means to secure funds for diverse personal needs such as wedding expenses, medical bills, and beyond. Download the Bajaj Finserv app now to apply for a personal loan.

Apply for our Personal Loan

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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UPI, Wallet, Loans, Investments, Cards, Shopping and more

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

Which is the best loan app in India?

In India, popular loan apps like Bajaj Finserv offer convenient borrowing options. Evaluate interest rates, repayment terms, and customer reviews to choose the best fit.

Which app is trusted for applying personal loans?

For instant personal loans, consider established platforms like Bajaj Finserv. Our app streamlines the loan application process and offer competitive personal loan interest rates.

How to get Rs. 50,000 immediately?

To swiftly acquire ₹50,000, explore the instant loan apps like Bajaj Finserv. Verify eligibility criteria, submit required documents, and follow the app's steps for quick approval and disbursement.

How to get 20,000 rupees urgently?

You can choose the Bajaj Finserv app to get a personal loan of Rs. 20,000 urgently. Here is a step-by-step guide:

Step 1: Download the Bajaj Finserv app from Google Play or Apple App Store.

Step 2: Log in to the app.

Step 3: Visit the personal loan section.

Step 4: Select loan amount and tenure.

Step 5: Submit required documents.

Step 6: Review and submit application.

Our representative will contact you for the further process.

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