• Submit Your Content
  • Editorial Policy
  • Advertise
  • Send Us Tip
  • About
  • Contact Us
  • Jobs
NewsPostOnline
Advertisement
  • Home
  • News
    • All
    • Business
    • Education
    • Finance
    • Legal
    • Marketing
    • Politics
    • Real Estate
    • Retail
    • Science
    • Social
    • Social Media
    • World
    Improving Your Instagram Page with AI 6 Proven Approaches

    Improving Your Instagram Page with AI: 6 Proven Approaches

    divorce lawyers

    How Divorce Lawyers Handle Spousal Support Cases?

    Global Science Communication Platform

    The 11th Breakthrough Junior Challenge Opens: Global Science Communication Platform Continues

    Auction Strategies

    Best Auction Strategies to Maximize Profitability in 2025

    Pricing Strategy

    How to Implement An Effective Pricing Strategy Using Price Visibility

  • Tech
    • All
    • Apps
    • Automobiles
    • Electronics
    • Gadget
    • Mobile
    • Startup
    android ios app

    Designing for All: Adapting UI/UX in Android & iOS Apps

    Android App Development

    How Can Android App Development Boost Sales in eCommerce Businesses?

    5 Leading Benefits of Choosing Optical Cables for Your Setup

    Shopify to WooCommerce

    Common Mistakes to Avoid When Migrating from Shopify to WooCommerce

    sms integration

    Salesforce SMS Integration: A Game Changer for Customer Engagement

  • Entertainment
    • All
    • Gaming
    • Music
    • Sports

    Which are the Top 10 Gaming Companies in India in 2025

    cloud gaming

    Is cloud gaming secure? What are the security issues?

    ott platforms

    OTT Platforms: Shift from Cable to On-Demand Content

    Baseball for Beginners: Understanding the Rules and Positions

    Toronto Party Bus: Ideal for Film and TV Production Needs

  • Lifestyle
    • All
    • Architecture
    • Beauty
    • Fashion
    • Food
    • Health
    • Home
    • Travel
    Weight Loss

    How to Create a Personalized Weight Loss Management Plan

    lounge chairs

    Best Outside Lounge Chairs – What You Need to Know

    Top 5 Carpet Cleaning Mistakes and How to Avoid Them

    How To Incorporate Retro Styles Into Modern Outfits?

    The Future of Medicine: AI Chatbot Beats Doctors in Diagnostic Accuracy

  • Review
    • All
    • Advice
    • Opinion

    SwifDoo PDF: Simplifying Document Management with Power and Efficiency

    Full Review: Best Choice for Windows 10 Cloud Backup

    Air Conditioner

    What to Do with Your Air Conditioner This Winter

    Molto Italiano Podcast

    Molto Italiano Podcast: Episode 1 Review

    Office Moving Trends

    Office Moving Trends: 5 Best Tips For Moving Offices Smoothly

  • Future
    • All
    • Artificial Intelligence
    • Astrology
    • Augmented Reality
    • Bitcoin
    • Blockchain
    • Cryptocurrency
    • Energy
    • Environment
    • Virtual Reality

    What Makes a Psychic Truly Trustworthy in the Modern World?

    artificial intelligence in healthcare

    How Artificial Intelligence Can Revolutionize Healthcare

    What are the Features of Astrology Apps

    electric vehicles

    Electric Vehicles: Latest Trends in Battery Tech and Charging Infrastructure

    AI for Manufacturing

    Generative AI for Manufacturing: Use Cases, Benefits, and Steps

  • Insights
    • All
    • Companies
    • NPO Radar
    • Strategy
    IT Outsourcing Companies

    Top IT Outsourcing Companies in India 2025

    Top 10 Web Development Companies In USA 2025

    Top 5 App Development Companies to Develop Android Apps Quickly

    Content Strategies

    Targeting Your Audience: Content Strategies for Specific Markets

    Ensuring Product Integrity: Cold Chain Management Best Practices and Strategies

  • Events
Advertise
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Education
    • Finance
    • Legal
    • Marketing
    • Politics
    • Real Estate
    • Retail
    • Science
    • Social
    • Social Media
    • World
    Improving Your Instagram Page with AI 6 Proven Approaches

    Improving Your Instagram Page with AI: 6 Proven Approaches

    divorce lawyers

    How Divorce Lawyers Handle Spousal Support Cases?

    Global Science Communication Platform

    The 11th Breakthrough Junior Challenge Opens: Global Science Communication Platform Continues

    Auction Strategies

    Best Auction Strategies to Maximize Profitability in 2025

    Pricing Strategy

    How to Implement An Effective Pricing Strategy Using Price Visibility

  • Tech
    • All
    • Apps
    • Automobiles
    • Electronics
    • Gadget
    • Mobile
    • Startup
    android ios app

    Designing for All: Adapting UI/UX in Android & iOS Apps

    Android App Development

    How Can Android App Development Boost Sales in eCommerce Businesses?

    5 Leading Benefits of Choosing Optical Cables for Your Setup

    Shopify to WooCommerce

    Common Mistakes to Avoid When Migrating from Shopify to WooCommerce

    sms integration

    Salesforce SMS Integration: A Game Changer for Customer Engagement

  • Entertainment
    • All
    • Gaming
    • Music
    • Sports

    Which are the Top 10 Gaming Companies in India in 2025

    cloud gaming

    Is cloud gaming secure? What are the security issues?

    ott platforms

    OTT Platforms: Shift from Cable to On-Demand Content

    Baseball for Beginners: Understanding the Rules and Positions

    Toronto Party Bus: Ideal for Film and TV Production Needs

  • Lifestyle
    • All
    • Architecture
    • Beauty
    • Fashion
    • Food
    • Health
    • Home
    • Travel
    Weight Loss

    How to Create a Personalized Weight Loss Management Plan

    lounge chairs

    Best Outside Lounge Chairs – What You Need to Know

    Top 5 Carpet Cleaning Mistakes and How to Avoid Them

    How To Incorporate Retro Styles Into Modern Outfits?

    The Future of Medicine: AI Chatbot Beats Doctors in Diagnostic Accuracy

  • Review
    • All
    • Advice
    • Opinion

    SwifDoo PDF: Simplifying Document Management with Power and Efficiency

    Full Review: Best Choice for Windows 10 Cloud Backup

    Air Conditioner

    What to Do with Your Air Conditioner This Winter

    Molto Italiano Podcast

    Molto Italiano Podcast: Episode 1 Review

    Office Moving Trends

    Office Moving Trends: 5 Best Tips For Moving Offices Smoothly

  • Future
    • All
    • Artificial Intelligence
    • Astrology
    • Augmented Reality
    • Bitcoin
    • Blockchain
    • Cryptocurrency
    • Energy
    • Environment
    • Virtual Reality

    What Makes a Psychic Truly Trustworthy in the Modern World?

    artificial intelligence in healthcare

    How Artificial Intelligence Can Revolutionize Healthcare

    What are the Features of Astrology Apps

    electric vehicles

    Electric Vehicles: Latest Trends in Battery Tech and Charging Infrastructure

    AI for Manufacturing

    Generative AI for Manufacturing: Use Cases, Benefits, and Steps

  • Insights
    • All
    • Companies
    • NPO Radar
    • Strategy
    IT Outsourcing Companies

    Top IT Outsourcing Companies in India 2025

    Top 10 Web Development Companies In USA 2025

    Top 5 App Development Companies to Develop Android Apps Quickly

    Content Strategies

    Targeting Your Audience: Content Strategies for Specific Markets

    Ensuring Product Integrity: Cold Chain Management Best Practices and Strategies

  • Events
No Result
View All Result
NewsPostOnline
No Result
View All Result

Looking to Get a Personal Loan Quickly? Follow this Step by Step Process

Arjun Khatri by Arjun Khatri
May 27, 2020
in Finance
0
Home News Finance
0
SHARES
624
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Personal loans are one of the most popular modes of financing available today, especially since there are no restrictions on how a person may use the money. Consequently, borrowers can easily avail these loans to fulfil their financial necessities, irrespective of their financial emergency. 

A recent study revealed that India experienced major growth in personal loan applications over the last few years, with data between 2017 and 2018 suggesting a 20.4% increase in such loans. Furthermore, from 2015 to 2018, a compound annual growth rate of 27% was observed across all unsecured loan categories.

With growing numbers indicating rising popularity, potential borrowers must learn how to apply for personal loan. Before going on to its application process, however, it is important for borrowers to follow these steps mentioned below. They will ensure that an individual applies for the best loan option, while also planning its repayment, adequately.

ADVERTISEMENT

Understand how much you need

The first step while applying for a personal loan is assessing requirements. Loan approvals and interest rates are often decided by a financial institution based on the loan amount. Additionally, applying for a high loan amount leads to higher interest payment. Thus, borrowers should limit the principal for such a loan. Applying for their minimum requirement should keep the cost of credit low and ease repayment.

Plan repayment

Though not mandatory, it is advisable for loan applicants to plan their repayment before applying for a loan. Borrowers should look for methods of how to plan their personal loan EMI repayment better. Doing so will help an individual learn about his/her exact debt, which, in turn, should help determine the most suitable principal and loan tenor.

Check eligibility criteria

There are quite a few eligibility criteria, which financial institutions check before approving a loan application. While the foremost is an applicant’s CIBIL score, there are additional requirements, including financial and employment details. 

For instance, availing a personal loan without income proof can be difficult. Thus, checking eligibility criteria beforehand helps since it reduces the chances of facing credit rejection. 

Compare loan options

Once an individual has decided his/her loan amount, it is imperative that they compare every available loan option. This includes comparing interest rates, features offered, etc. A convenient method of comparing fast personal loans is through an online personal loan EMI calculator, which reveals the monthly burden and total interest payable on a line of credit.

Arrange documents

When looking to avail a personal loan, applicants need to furnish a set of documents to the lender. Thus, it is advisable to arrange all necessary documents from before to save time during its application process.

Keep in mind that the personal loan verification process is not as long as that of secured loans owing to minimal document requirements. 

Loan application

Once all these steps mentioned above are completed, borrowers can apply for their personal loan with ease. Typically, financial institutions like Bajaj Finserv and others provide pre-approved offers which make loan applications convenient and fast. Such offers are provided on many financial products like personal loans, business loans, educational loans, etc. You can easily check your pre-approved offer by providing your name and phone number.

The application procedure can be completed by following these steps below:

  1. Applicants should visit the official web page of their financial institution.
  2. After selecting their choice of loan, personal details including financial and employment details should be filled in.
  3. Finally, KYC and other documents should be submitted as instructed by the concerned financial institution.

After completing the application process, financial institutions confirm approval within minutes. Furthermore, another advantage offered on fast personal loan options is that of money disbursement, which is also completed promptly within 24 hours.

Timely repayment of these loans is vital, especially since these unsecured loans have higher interest rates than their secured counterparts do. Consequently, a default of payment can lead to higher penalty charges. 

Additionally, missing EMI payments also negatively influence the credit score of an individual, which is detrimental for future loan applications. After availing such a loan, one should be careful to avoid any mistakes when it comes to repaying the debt.

Borrowers also have the option for part prepayment of their fast personal loan, which allows them to pay lesser interest. With a reduction in time and number of EMIs to be paid, this is an effective method to reduce the total loan repayment burden of a borrower. 

Bajaj Finserv, one of the most diversified NBFCs in the country, offers fast personal loans with a completely online process that allows you to avail the money you need without having to leave your home. All you need to do is check if you qualify for a pre-approved personal loan offer, and if you do – decide how much you’d like to borrow. You can get the money in as little as 20 minutes. 

ADVERTISEMENT

Just visit the Bajaj Finserv website and get the money you need right away!

Tags: loanpersonal loan
ADVERTISEMENT
Previous Post

17 Versatile and Highly Effective Ways to Increase Employee Productivity

Next Post

Factors Affecting the Development of a Child

Arjun Khatri

Arjun Khatri

I am is a scrunched up napkin with recyclable dreams, also a blogger, and loves to write content about finance, business, fashion, travel, and pretty much everything which interests me.

Related Posts

Pricing Strategy

How to Implement An Effective Pricing Strategy Using Price Visibility

June 23, 2025
insurance claims

Understanding Insurance Claims: A Complete Guide

May 29, 2025

How to Become a Tax Preparer: Your Complete Guide

May 22, 2025
tax softwares

Top Five Best Tax Software in 2024

October 15, 2024
Sales Tax Services

Understanding the Importance of Sales Tax Services for Your Business

October 25, 2023
dynamic pricing ecommerce

Enabling the Dynamic Pricing Strategies in e-Commerce With AI

September 25, 2023
Next Post

Factors Affecting the Development of a Child

ADVERTISEMENT
  • Trending
  • Comments
  • Latest

How to fix HP Printer Spooler Error?

February 7, 2020
Anime Shows Online

Top 10 Trending Anime Shows Online in 2022

December 18, 2023

What Are The Ways To Fix SBCGlobal Email Issues?

July 21, 2020
cleaning ram

How to Clean RAM in Your PC

July 19, 2022
android ios app

Designing for All: Adapting UI/UX in Android & iOS Apps

0
Entrepreneur

What Skills Do You Need to be an Entrepreneur?

0
Business Office Apps

Best Business/Office Android Apps of 20th Century (Updated)

0
Google Pixel

Google Pixel 4 vs Pixel 3 vs Pixel 3a: Which Phone is Right for you?

0
android ios app

Designing for All: Adapting UI/UX in Android & iOS Apps

June 25, 2025
Weight Loss

How to Create a Personalized Weight Loss Management Plan

June 25, 2025
Android App Development

How Can Android App Development Boost Sales in eCommerce Businesses?

June 25, 2025
Improving Your Instagram Page with AI 6 Proven Approaches

Improving Your Instagram Page with AI: 6 Proven Approaches

June 25, 2025

Recent News

android ios app

Designing for All: Adapting UI/UX in Android & iOS Apps

June 25, 2025
Weight Loss

How to Create a Personalized Weight Loss Management Plan

June 25, 2025
Android App Development

How Can Android App Development Boost Sales in eCommerce Businesses?

June 25, 2025
Improving Your Instagram Page with AI 6 Proven Approaches

Improving Your Instagram Page with AI: 6 Proven Approaches

June 25, 2025
ADVERTISEMENT
NewsPostOnline

NewsPostOnline is an independent online publication that is a voice to the world of technology and marketing. Every month we reach over 10 million passionate technology enthusiasts who rely on us for news, reviews, features & product recommendations, etc.

Trust Seal

  DMCA.com Protection Status

Browse by Category

  • Advice
  • Advice
  • Apps
  • Architecture
  • Artificial Intelligence
  • Astrology
  • Augmented Reality
  • Automobiles
  • Beauty
  • Best Practice
  • Bitcoin
  • Blockchain
  • Business
  • Career
  • Case Studies
  • Companies
  • Cryptocurrency
  • Education
  • Electronics
  • Energy
  • Entertainment
  • Environment
  • Fashion
  • Finance
  • Food
  • Future
  • Gadget
  • Gaming
  • Guide
  • Health
  • Home
  • How to
  • India
  • Legal
  • Lifestyle
  • Marketing
  • Mobile
  • Music
  • News
  • NPO Radar
  • Opinion
  • Playstation
  • Politics
  • Product Reviews
  • Real Estate
  • Retail
  • Review
  • Science
  • Social
  • Social Media
  • Sports
  • Startup
  • Strategy
  • Tech
  • Travel
  • Uncategorized
  • Virtual Reality
  • World

Recent News

android ios app

Designing for All: Adapting UI/UX in Android & iOS Apps

June 25, 2025
Weight Loss

How to Create a Personalized Weight Loss Management Plan

June 25, 2025

We are Listed

  • About
  • Advertise
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy
  • Submit Your Content
  • Contact Us

© 2021 NewsPostOnline. All Rights Reserved

No Result
View All Result
  • Submit Your Content
  • Editorial Policy
  • Advertise
  • Send Us Tip
  • About
  • Contact Us
  • Jobs

© 2021 NewsPostOnline. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our I Agree