The effect of the Coronavirus is increasing day by day and it reminds us that we are human and we have our limitations. However, it’s a pandemic, and a lot of mass is facing it, whether they like it or not, still they have to face it. Governments all over the globe, supporting their colleagues and the public coming under their protection. This is sure that this will create a massive problem in the future. It won’t be an exaggerated statement to say that any kind of medical emergency can lead to a shortage of funds and to fight such an emergency you need those funds. If you want to be secured against such medical emergencies, then you can choose a personal loan from Bajaj Finserv. In this blog, we will tell you how you can fight with a medical emergency by taking a personal loan.
But before we get into fighting with medical emergencies, you should know why a personal loan from Bajaj Finserv personal loan is the best fit for you.
Depending upon the size of your requirement, you can borrow an amount. However, this statement sounds simple, but it is not as easy as it looks. Because when you go to find out various lenders, you will find that not every lender is the right fit for you. Either they offer you a too small amount or it could be a huge one. For example, if a medical emergency arises like a heart attack or sudden accident, kidney failure or something similar to that, you can rely on the personal loan from Bajaj Finserv as it offers as loan amount up to Rs 25 lakh and according to your requirement, you can apply from the amount they are offering.
Easy on Your Pocket
The second thing that comes in the personal loan is the interest rate. People compare the interest rates of various lenders in order to get a good offer. However, this is a good practice, but at the same time, it takes a lot of your valuable time, and when a medical emergency arises, you can’t afford to waste even a single minute of your life. Maybe it could be your friend, it could be the family member or even you in a situation. But talking about the interest rate, you need not worry because a personal loan from Bajaj Finserv is offered at the marginal interest rate. Generally, it ranges between 10.99% and 16%. And the best part is, if you compare it with other lenders, you will find that these rates are very competitive.
Simplified Repayment Tenure
If you go to the google play store or app store, you will find many apps offering you an instant personal loan. But there is one thing that you should keep in mind that many instant personal loan apps offer you a personal loan on an instant basis, but in return, they charge an excessive interest rate. And the loan tenure for such personal loan apps remains on a bit shorter side. So in case, if you apply for such kind of personal loan in a hurry you may find yourself tangled because neither you will get a good loan amount, the interest rate will not be in your favor because they can’t match with every aspect of it and they are intended to address a short term goal. If you apply for a personal loan from Bajaj Finserv, you can get repayment tenure of up to 5 years. That means you will be given 60 months to repay your loan, whether you borrow Rs 10 lakh or Rs 20 lakh, you can easily repay it in 5 years as compared to instant personal loan apps which usually offer a loan tenure up to 1 to 3 years.
The last thing you can expect from a traditional lender is that it requires or asks you to fulfill an elongated eligibility criterion. It means that there are chances that you are in a medical emergency or you are in a hurry, you may miss something and your personal loan application can be rejected even if you have all the documents. In simple words, a complex eligible criterion requires more time. That’s why a personal loan from Bajaj Finserv is offered at simple eligibility criteria. if you don’t believe you can see it here.
- The applicant should be Indian
- The applicant should be a salaried person.
- The age of the applicant should be between 23 to 55 years.
- The minimum net monthly salary of the individual should be Rs 25,000.
Before We Wrap Up
No doubt that medical emergencies need not be an invitation, they just come to ruin your life. Whether you’re ready or not, they will impact. But there is one thing for sure if you are ready to fight it, if you are ready with the funds or if your lender is ready to help you, you can fight any emergency. You can fight even the coronavirus as well. So, don’t waste your time searching various loan offers and just apply for a personal loan from Bajaj Finserv and keep protecting your loved ones from uncertainties.