If you have been planning to apply for a Personal Loan lately, there are slight chances that you came across the term ‘pre-approved loans’. If you actually did, you are surely on the horns of a dilemma right now. So, without wasting time let us tell you what is a pre-approved Personal Loan, how can it be beneficial for you and how can you apply for it.
What is a pre-approved Personal Loan?
As we all know, Personal Loans are mostly taken for immediate financial urgencies because the personal financing schemes are processed faster, the loan is sanctioned faster, and the monetary support is disbursed immediately right after that. To be very honest, a Pre-approved Personal Loan is the upgraded version: the applicants are already approved for a certain amount of loan which is usually higher than their borrowing eligibility, and thus, the disbursal happens instantly.
What are the Benefits?
- Faster Loan Processing: The loan is processed faster because the applicant’s loan eligibility is already verified by the lender, and they need not conduct the lengthy documentation process again.
- Quick Money Disbursal: Owing to the lightning fast loan processing, the lender is able to disburse the money instantly in the applicant’s bank account.
How to Apply for pre-approved Personal Loans?
- Offline: You can visit the nearest branch if you aren’t good with online applications and apply for the loan.
- Online: Bajaj Finserv Pre-approved Personal Loan is accessible from the comfort of your home. You can simply navigate to the online application form on the website and submit it after duly filling it.