How to Get Personal Loan in Bhopal

A personal loan is an unsecured loan offers by banks and non-banking financial companies (NBFC) to meet their personal needs, including higher education, medical contingencies, vacation, and so on. Being an unsecured loan, the borrower does not put up collateral like gold or property. However, due to the greater risk perceived when sanctioning them, the interest rates on personal loans are higher than those on others. The primary benefit of this type of loan is that unlike a home loan or car loan, it can be used for any purpose, and is thus one of the easiest ways to get cash wherever you have an urgent requirement.

The capital of Madhya Pradesh, Bhopal is known as the City of Lakes. One of the greatest cities in India, Bhopal boasts of a number of industries, including electrical goods, medicines, cotton, chemicals, and jewellery. Other industries include cotton and flour milling, cloth weaving and painting, amongst others. The residents of Bhopal are also actively involved in large retail businesses. When it comes to industries, Bharat Heavy Electricals Limited, the largest engineering and manufacturing enterprise in India, has a unit in Bhopal. Mandideep is an industrial suburb of Bhopal, which is also the largest industrial area in Madhya Pradesh. Bhopal is also home to the DB Corp, a huge business conglomerate that enjoys a prominent presence in media.

Bajaj Finserv came into being in April 2007, when it demerged from its parent organization, Bajaj Auto Limited. It was then that Bajaj Finserv ventured into the core businesses of Lending, Insurance, and Wealth Advisory independently. Currently engaged in consumer finance businesses, life insurance, and general insurance, it aspires for further business expansion with respect to offering an array of financial products and services in India.

If you want to avail personal loan in Bhopal from Bajaj Finserv, you have to be an Indian resident in Bhopal, and a salaried employee of an MNC, private or public company. Your minimum net salary per month should be Rs. 30,000. Also, the borrower should belong to the age group of 25 to 58 years. Be it a wedding, an expedition or any other emergency purpose, the personal loan offered by Bajaj Finserv is the best bet. Since it sanctions personal loans up to the amount of Rs.25 lakhs, you can pursue your dreams without having to compromise due to financial crunch. The application process is extremely easy process, wherein a short span of time, you can get the approval. All you have to do is visit the official website and fill up the application form.

What’s more, existing customers will be impressed by the exclusive preapproved offers. Further, one can access his/her loan related information on Bajaj Finserv’s digital customer portal by just entering the loan account number. Be it your loan repayment track, interest certificate, or payment schedule, you can check all the necessary information at any time. Salary slips of the last 2 months, salary account bank statements of the last 3 months, employee ID card, identity proof and address proof are some of the documents required to apply for personal loan.

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