201% NO KYC - NO INCOME PROOF - Best Personal Loan App 2024 Tamil - Loan App - Bajaj Finserv Tamil

Hello guys, again welcome back to my channel. If you want to get a personal loan in Bajaj FinServ application, you can get a personal loan easily whether you are a salaried person or a self-employed person. If you are a salaried person, there is no problem at all. They will give you a loan when you submit your proof easily. But if you are a self-employed person, you have a higher chance of getting a personal loan only if you are an existing customer. So, if you apply for a Bajaj EMI card online, you will be eligible. Once you are approved, you can go to an online or in-person shop and purchase something for more than Rs 7000. You can use EMI, which is zero-cost EMI. So, you can use no-cost EMI and purchase things easily. After that, it will be like you are paying EMI every month. So, they will debit EMI on the 2nd in a sharp due date. So, if you successfully complete the amount in your bank account on the 2nd of every month, after completing EMI for 4 months, they will give you a personal loan offer. So, it will be genuine to some extent. Okay, guys. Now, you all know that we have an educational loan. It is a late payment of Rs 30. You must have seen it regularly in our videos. So, our profile was bad like that. Recently, we took Redmi Note 13 and completed EMI for 4 months. I will show you the details later. After completing EMI for 4 months successfully, they called us and said that they have a personal loan offer. If you want, you can claim it. So, we are going to see the details today. Okay, guys. Now, if you install the Bajaji FinServ application and go to the personal loan option, they will give you the option to apply for more than Rs 38 lakhs. You can select the interest rate and apply manually. But, since they gave us a pre-approved offer, only Rs 60,000 loan is eligible for us. In case, if you go and see, it will show Rs 38 lakhs. But, since we have an offer, Rs 60,000 loan is showing here. Okay, guys. To repay this Rs 60,000 loan, how many months of repayment tenure do they give us? They have given us 27 months or 39 months. If you ask if this is a benefit or a drawback, it is definitely a drawback. Rs 60,000 loan amount, even if you pay Rs 5,000 monthly, it is enough to give us 12 months. In case, if you pay half of Rs 2,500, then it is enough to give you 2 years. But, if you see here, they have given us 27 months of repayment tenure, and the next option is 39 months. This is because, no matter how many months you pay EMI, you will pay interest for the total amount. Now, we have chosen 27 months for Rs 60,000. If you see, when you divide Rs 60,000 by 27 months, you will get Rs 2,222. So, you will pay extra interest for the remaining amount. So, in such a situation, you will have to pay extra Rs 800 for 27 months. That is the reason, Bajaj and Finns provide this much of repayment tenure. So, this is not the application. No matter which application you apply, if you have income, definitely choose a low repayment tenure. That will be best. Okay, guys. When we choose 27 months, we have to pay Rs 3,146 as EMI. At the same time, the interest rate for this loan is calculated as 32% per annum. The reason for this is, our CBL profile is very bad. That is the reason why they have put 32%. But they called us and told us, when we asked them, they said it will be around 19%. But when we checked in the application, they said it was 32%. In addition to this, the processing fees for this loan is Rs 2,454. So, our total loan amount is Rs 60,000. They have added the processing fees from the loan amount and have kept Rs 62,454 as the principal amount. But when it is like this, they will credit Rs 60,000 in our bank account without taking a single rupee. So, let's see this as a plus. Okay, guys. When we complete the 27 months, they have mentioned the total amount here. Rs 84,933. That is, we got around Rs 60,000. That is, we got around Rs 24,000 for these two and a half years. So, overall, when we compare the loan amount in the application with the loan amount in the online application, their processing fees is just Rs 2,500 for Rs 60,000. Their interest rate is just a little more than 82%. But still, as far as I know, because my CBL profile is bad, I would say this loan offer is the best loan offer. But it depends on your eligibility criteria whether the loan you get is the best or not. In case you are a salaried person, it would be best if you get a loan within 14% or 16%. If you are a non-salaried person, that is, if you are a self-employed person like me and your CBL profile is also bad, it would be okay if it is within the range of 19% to 24%. Otherwise, if it is 32%, it depends on your situation. In case it is an emergency, you can definitely use it. Okay, guys. The thing is, when I asked for more loan amount, they asked me to submit a bank statement. We have sent the bank statement via WhatsApp. They will analyze the bank statement and increase the limit again. Since we don't have content, that video will also come in the future. So, when you increase it like that, will the interest rate decrease or increase? We can see all these things in the next video. So, as I said now, non-salaried people will definitely get a loan in this application. Even if your CBL profile is bad, you will get a loan. The first thing you have to do is go to a shop near you and buy something in EMI. When you buy, if you activate the Bajaj EMI card after asking for EMI in Bajaj, you will definitely get eligible when you repay properly. So, try it. In case you get it, use it if it is a good offer. Okay guys, If this information was useful to you, don't forget to like the video and subscribe to the channel. If it is useful in the future, more videos like this will come continuously. Okay guys, thank you.