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Can I apply for 2nd loan?
Yes, an individual can avail of more than one personal loan. Similar to the first loan, an individual will have to meet the eligibility requirements of the second loan set by the lender.
Can I get loan on existing loan?
When applying for another loan, approach your existing lender for funds first. If you have maintained a good repayment record with this lender, it is likely that you will get another loan to meet your additional needs, easily and quickly. 25 lakh, you can choose to avail of the loan on the unique Flexi Loan facility.
Can I get two personal loans from the same bank?
You can have 1-3 personal loans from the same lender at the same time, in most cases, depending on the lender. But there is no limit to how many personal loans you can have at once in total across multiple lenders.
How many personal loan can I take?
The simple answer is yes. An individual can take more than one Personal Loan. But just like the first loan, you will have to meet the eligibility requirements of the lender to get approval for the loan. Lenders consider several factors like your current income, existing loans, etc.
What is the maximum personal loan I can get?
However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most of the cases, individuals are eligible for a personal loan amount of up to 30 times of their monthly income.
How long should I wait to apply for another loan?
So, how long should you wait between applications for loans or credit cards? The general consensus amongfinancial professionals is that a minimum of six months of time should pass between applications. This gives the first inquiry time to fade away into the recesses of your credit report.
Can I take two personal loans at a time?
How to apply for quick personal loans online with Bajaj?
Proceed with the following steps to apply for quick personal loans online with Bajaj Finserv. Fill the online application form with essential personal, employment, and financial details. Opt for a suitable amount and tenor for your pre-approved loan. Submit the essential documents with our representative.
How to get a personal loan of Rs 25 lakhs?
Bajaj Finserv brings personal loans up to Rs.25 lakh, which can be availed by meeting minimum eligibility criteria and simple documentation requirement. This online personal loan is collateral-free and comes with unrestricted end-use.
Can I apply for multiple personal loans at the same time?
Even if you are eligible for a personal loan from another lender, it’s not a good idea to apply for multiple personal loans at once. Instead, consider applying for a Bajaj Finserv Flexi Personal Loan which allows you to withdraw whenever you want from a sanctioned loan amount and pre-pay when you can.
How do I apply for a pre-approved loan?
Fill the online application form with essential personal, employment, and financial details. Opt for a suitable amount and tenor for your pre-approved loan. Submit the essential documents with our representative. Enjoy instant approval and quick disbursal of the loan amount to your account. Apply now to enjoy quick approval.