Get a Pre-Approved Personal Loan From Bajaj Finserv

In the current face of the crisis caused by the lockdown, reputed financial institutions such as Bajaj Finserv have extended pre-approved Personal Loan options. Pre-approved offers significantly lower the time required for approval of personal loans. 

Personal loans are unsecured advances with no end-use restrictions. As a result, more and more individuals want to gather information on the nature of pre-approved loans and how to avail their benefits. 

How can one avail a Personal Loan from Bajaj Finserv? 

The process to check the pre-approved offer for an applicant is as follows – 

  1. Visit the official website of Bajaj Finserv on your mobile, desktop, or laptop. 

  2. Fill up a concise form by providing details such as first name, last name, and mobile number. Make sure to enter such information accurately. 

  3. Read through the terms & conditions for a proper understanding and accept it on the tick box. 

  4. Click on the ‘Get OTP’ option. 

  5. Provide the OTP received on your registered mobile number and select ‘Submit’. 

Bajaj Finserv is one of those leading lending agencies that rely on a borrower’s creditworthiness for approval of the Personal Loan. Pre-approved processing involves taking a look at an applicant’s financial history and repayment record for previous loans.

These offers lower the time taken to avail financing by simplifying the process. Individuals can avail these offers on a host of financial products like personal loans, business loans, and credit cards, among others. They can check their pre-approved offer just by providing basic details. 

These offers enable an individual to access credits quicker than traditional means of approval. As a result, one can apply for a personal loan with pre-approved offers to receive financial assistance amid the ongoing crisis without significant delays. 

Read Also: Know everything about the Indira Gandhi Awas Yojana Scheme 2021

Which factors influence the eligibility for pre-approved personal loans? 

Established NBFCs such as Bajaj Finserv consider certain factors before approving a pre-approved Personal Loan. A definite knowledge about such components will help an individual to weigh their chances of benefitting from this option. 

Therefore, the factors are as stated below – 

  1. An appropriate credit score – A CIBIL score of at least 750 enables an individual to apply for such credit options. To know about the credit rating, one can check CIBIL score online. However, an individual can also improve personal credit score to attain eligibility for an advance. 

  2. Repayment capability and history – Borrowers should take a look at their repayment history in terms of previous loans. A consistent repayment record can improve the chances of receiving a personal loan. 

  3. A consistent source of income – An applicant with a stable source of income also exhibits a higher chance of obtaining a personal loan.

Apart from these factors, individuals should also be aware of the perks of a Bajaj Finserv pre-approved Personal Loan that can help them during this crisis – 

  • High loan amount – An applicant can avail a small personal loan up to Rs.25 lakh to suit their various financial needs. 

  • Tenor flexibility – An individual also has the option to choose a convenient tenor ranging from 12 months to 60 months, based on one’s repayment capability.

  • Minimal documentation – This lending agency provides personal credit in exchange of only a few necessary documents, minimising the hassles of a tardy bureaucratic process for approval. 

Therefore, a Bajaj Finserv pre-approved Personal Loan aims to solve the liquidity crunch that most salaried individuals are facing during this economic crisis. Apart from that, borrowers do not have to be wary about hidden charges that may burn a hole in their pocket when they apply for a personal loan. 


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  1. author
    27 Aug 2019
    Tomas Mandy

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    1. author
      27 Aug 2019
      Britney Millner

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  2. author
    27 Aug 2019
    Simon Downey

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