Easy Personal Loans to Fulfil Your Dreams

  • Think about your dream vacation in Switzerland or the sports bike you were always wanted. Or perhaps you wanted a destination wedding. All dreams, especially the big ones, have a common theme – they need money. And very often, we end up delaying our dreams because we think “not now”. We set aside our aspirations in the hope that one day, we may have the money to fulfill our dreams. And that’s where the problem lies

    Because while it may seem like a prudent policy on the onset, the fact remains that we lose time – priceless time that we may not get back tomorrow. This means the best time to fulfill your dreams and aspirations is in fact today. Of course, your dreams will cost money, but that’s where a personal loan comes in handy.

    Personal loans are a means of unsecured financing that you can avail almost instantly. Lenders such as Bajaj Finserv, one of the most trusted non-banking financial companies in India, offer personal loans at attractive interest rates that you can avail in as little as 24 hours and can be used for a variety of purposes. Moreover, you can simply check your pre-approved loan offer and avail the money instantly. Bajaj Finserv even has Experia – perhaps the most intuitive personal loan app in India – to help you avail your money.

    With financing available at a click, no dream should have to wait. Read on to know more about personal loans and how useful they can be.

    Personal loans are a handy financing tool

    With no need for a collateral or a guarantor, a personal loan is a great instrument to make money available instantly. Instant approvals, quick disbursals, flexible repayment terms, and attractive interest rates make personal loans a popular kind of financing. Learn what type of loan to get based on your needs.

    For instance, you can use a personal loan for travel, to finance a wedding, to buy a car, to meet the costs of a medical emergency, to finance education abroad or pretty much any other reason. As long as it is not for a speculative cause, you can use a personal loan as you please.

    Approvals are usually instant and you can get an unsecured personal loan disbursed in as little as 24 hours. It really is a very convenient way of availing money. But there are certain steps that you must take before you go about the process of availing a personal loan.

    Keep a track of your credit score

    A credit score is a number that represents your credit-worthiness and is one of the main factors that can make or break your personal loan application. Your credit score includes a credit report that is a record of all your monetary transactions, loan repayments, credit card payments and more. It varies from 300 (low - if you have a history of credit defaults and delays) to 900 (high - if you have maintained a healthy loan repayment). A healthy score may help you get you better terms on your loan and vice versa. It is advised that you keep an eye out for your credit score before you avail the personal loan.

    Compare your lender and the competition 

    Always check what are the personal loan terms on offer for personal loans. Compare different lenders, read up on the features of your loan and only select the lender that offers you an attractive interest rate over a reasonable loan tenor.

    Understand all the costs and expenses

    When you avail a personal loan, there are numerous fees and charges that you should keep in mind.  The interest rate, processing fee, part-prepayment charge, late payment fee, and other charges are all important and matter over the course of the repayment. Some lenders may even levy hidden charges if you aren’t careful. Read up on the costs and expenses and make an informed decision.

    Consider a reputable lender

    Ensure that you avail your instant loan from a lender of repute – someone who is reliable and responsible. While there maybe new-age lenders using marketing gimmicks and offering loans at terms that may seem too good to be true, always be wary and read all paperwork twice. Try to choose a lender that is known to be trusted. A legacy brand, for instance, is always likely to offer you great terms and better service. You may also look to download the app to get a loan through an online app in India.

    Personal loan apps offer ease and convenience

    When you avail a loan from a personal loan app in India, you can avail money on the go – you do not need to be at the bank branch or a physical office of your lender. A loan app - like Experia by Bajaj Finserv is a fantastic way to avail an easy personal loan and fulfill your dreams. The app is easy to use, allows you to apply for a loan, read the terms and manage your repayment. The loan you get is at a reasonable interest rate and brings you super features like flexible loans and pre-approved offers – making this loan app in India your best bet.