Bajaj finserv professional loan flash sale: an exciting offer you cannot ignore
Dakshata Singh was a self-employed doctor who needed some funds urgently to buy a new CT scan machine for her clinic in Jodhpur. She thought about taking a business loan, but her friend told her about the professional loans. She was impressed, but when she heard about the Bajaj Finserv professional loan flash sale, she just could not stay away. She used the online loan calculator and found that she was getting the loan at a rate of 14%. She took the loan right away and met her professional requirements easily.
Understanding a professional loan
A professional loan is a special type of personal loan that is extended to the professionals in India. If you are a doctor, chartered accountant, company secretary or an engineer, you can opt for a professional loan. These loans, though similar in structure with the regular personal loans, are available at lower rates of interest. The main reason behind this is the credibility of the borrowers. The default rates on these loans are very low, making it possible for the lenders to offer them at lower rates. Many reputed lenders such as Bajaj Finserv regularly come up with offers such as the flash sale when the rates are further slashed. Getting a loan at such a time is indeed an excellent idea.
Benefits of a professional loan
Let us take a closer look at some of the benefits of the professional loans.
- Tailor-made: These loans are tailor-made for the professionals. So if you are a doctor, engineer or a CA, you can opt for this loan whenever you have a financial requirement in your professional life. The loans are available for high principals and low rates of interests, making them the ideal choice for you.
- Flexible repayment: Repaying the loan is always a concern. After all, you don’t want to be in a situation where you struggle to manage your money every month after paying the EMIs. Bajaj Finserv has a very flexible loan repayment option. You are free to choose your loan tenure and the EMI value so that the loan doesn’t get too difficult for you to pay back.
- Economical: As mentioned above, the interest rates on the professional loans are considerably lower. It is because of the faith of lenders in your profession. This makes the loans very economical and you end up saving a lot of money.
- Quick: The professional loans from Bajaj Finserv are available online. You can apply for professional loan and get it approved in a span of minutes. And since it can all be done on the internet, you have access to it 24 hours in a day. This contributes to the faster approvals too.
- Hassle free: Bajaj Finserv believes in making the loan experience smooth and memorable for all its clients. As a result, the loan process is extremely simple. Everything from checking your loan eligibility to getting an approval happens online. The documents needed are also quite basic and so you don’t have to worry about arranging a whole set of documents to get your loan approved.
- Unsecured loan: A professional loan from Bajaj Finserv is an unsecured loan and so you don’t have to worry about arranging collateral for it. All you have to do is show you have a good credit score, submit the documents to prove your financial stability. The loan may reach your bank account in less than 72 hours. It really doesn’t get any simpler than this.
Eligibility criteria for professional loans
Listed below are the eligibility criteria for the professional loans:
- You need to have a minimum 5 years of post-qualification work experience
- You must own a practice/business that is at least 2 years old and is making profit
- You need to have educational degrees from registered universities.
- You should have a minimum monthly earnings of Rs.75,000 for a tier 1 city resident and Rs.45,000 for a tier 2 city resident.
- You must ideally be owning a property, either residential or commercial in the same location where your lender operates.
If you meet these criteria and have a good credit score, the professional loan would reach you without any problems whatsoever.
In a nutshell
Apply for a professional loan if you need to set up your own business, expand an existing business or you need to pay for any other kind of professional requirement. If you meet the eligibility criteria and you have the documents in place, you can get the loan very easily. So what are you waiting for? With the ongoing Bajaj Finserv professional loan flash sale, you are bound to find the loans at some of the best rates of interest. Log on and discover a wonderful new way to shine in your professional life.
To know more about Professional Loans from Bajaj Finserv, click here