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Instant Personal Loan Disbursal
A personal loan is a type of unsecured loan that can be used for various financial needs, including debt consolidation, home renovation, medical emergencies, or even funding a wedding. At Blusom Capital, we provide personalized loan solutions that help you meet your financial goals with ease. Whether you're planning a big purchase or dealing with unexpected expenses, a personal loan from Blusom Capital offers flexibility and quick access to funds, all at competitive interest rates.
Minimal documentation
Starting ROI 10.25%* Onwards
Flexible tenure up to 5 years
Max Loan Amount 40L - 1 Cr
Why You Need a Personal Loan?
clayou take care life’s unplanned expenses. Here are a few reasons why you might need a personal loan:
Debt Consolidation: Combine high-interest debts into a single, more manageable payment, reduce your emi burden upto 45%.
Home Renovation: Renovate your home without straining your savings
Medical Emergencies: Cover urgent medical bills or treatments
Wedding Expenses:Finance your dream wedding with a simple, quick personal loan.
Education Costs: Support higher education for yourself or your children without stressing over upfront costs.
At Blusom Capital, we understand that each borrower’s needs are unique, and we offer tailored personal loan solutions to suit a wide range of purposes.
Bank Overdraft Loan: Flexible Financial Support
A Bank Overdraft Loan offers a flexible way to manage short-term financial needs by allowing you to withdraw more than your account balance. This facility is ideal for covering unexpected expenses, business cash flow management, or emergency funding.
Minimal documentation
Starting ROI 14%* Onwards
Flexible tenure up to 5 years
Max Loan Amount 40L - 1 Cr
Benefit of Bank Overdraft Loan
The following are some advantages of Bank Overdraft Loan :
Adaptable use of modest amounts of funds
Satisfies pressing financial needs
Aids in controlling a business's cash flow
Interest is only given on the amount that is used.
Reduced documentation
NBFCs and banks don't require collateral.
Annual revisions to short-term borrowing
Documents Required for Bank Overdraft Loan
You must have these documents in order to start the Bank Overdraft Loan:
Properly completed application and passport-sized photos
Identity verification: driver's license, passport, voter ID card, PAN card, and Aadhar card
Proofs of address include utility bills (electricity and water), passports, driver's license, and voter ID cards.
Age Verification: Valid ID, Class X certificate
Bank statement over the previous 12 months
Any additional paperwork that the lender requests
NBFC Personal Loan: Check List of NBFC for Personal Loan
A NBFC personal loan is a flexible financial product offered by Non-Banking Financial Companies (NBFCs) that allows individuals to borrow money for various personal needs. Unlike traditional banks, NBFCs provide instant access to personal loans with minimal documentation and fewer eligibility requirements. Whether you need funds for a medical emergency, home renovation, education, or even a vacation, NBFC personal loans are a viable option for many.
At Blusom, we partner with trusted NBFCs to bring you the best personal loan options tailored to your needs. With minimal paperwork and fast approvals, NBFC personal loans are becoming a popular choice among individuals who require quick, hassle-free loans.
Minimal documentation
Starting ROI 11%* Onwards
Flexible tenure up to 5 years
Max Loan Amount 40L - 1 Cr
Why Choose an NBFC Personal Loan?
Faster processing times
Easier approval for individuals with lower credit scores
Flexible loan amounts and repayment tenures
Flexi Personal Loan: Flexible Financing for Your Needs
A Flexi Personal Loan is a unique financial product that allows you to borrow funds as needed, repay, and re-borrow within your approved limit. This flexible loan option is ideal for managing variable expenses like home renovations, medical emergencies, or business needs.
Minimal documentation
Starting ROI 11%* Onwards
Flexible tenure up to 5 years
Max Loan Amount 40L - 1 Cr
Benefits of Flexi Personal Loan
Flexi Personal Loans offer unmatched flexibility compared to traditional personal loans. Here are the key benefits of choosing a Flexi Personal Loan:
Access to Liquid Cash
A Flexi Personal Loan allows multiple withdrawals from your approved limit, providing continuous access to liquid funds whenever needed. This feature is ideal for managing unexpected expenses or ongoing financial requirements.
Low Interest Rates
Flexi Personal Loans often come with competitive interest rates. Importantly, interest is charged only on the amount you withdraw, not on the entire loan amount. Many lenders also calculate interest on a daily basis, making it even more cost-effective.
No Prepayment Charges
Flexi Personal Loans do not impose any prepayment fees, allowing you to repay the borrowed amount at your convenience without incurring additional costs. This helps in reducing the overall interest burden.
No Collateral Required
Flexi Personal Loans are unsecured, meaning you don't need to provide any security or collateral. This makes it an accessible option for those without substantial assets who need immediate financial assistance.
Multipurpose Usage
There are no restrictions on how you can use a Flexi Personal Loan. Whether it’s for travel expenses, medical emergencies, or any other personal need, the flexibility to use the loan for multiple purposes makes it a versatile financial solution.
Personal Loan Balance Transfer: Save on Interest Costs
A personal loan balance transfer is a process where you transfer your existing personal loan from one lender to another to take advantage of better terms, such as lower interest rates, extended repayment tenure, or reduced EMIs. This is a great option for individuals looking to save money on interest and manage their loan repayments more effectively.
At Blusom, we help you make the switch effortlessly. By opting for a personal loan balance transfer, you can reduce your financial burden and repay your loan on more favorable terms. Whether you’re facing high-interest rates with your current lender or simply want to streamline your repayments, a personal loan balance transfer can make a significant difference.
Minimal Documentation
Starting ROI 10.25%* Onwards
Flexible tenure Up to 5 years
Max Loan Amount 40L - 1 Cr
Why Consider a Personal Loan Balance Transfer?
Lower interest rates
Reduced monthly EMIs
Flexible repayment terms
Simplified loan management
What is a Personal Loan Balance Transfer?
A personal loan balance transfer involves moving your outstanding loan balance from one financial institution to another. This is typically done when the new lender offers better terms, such as a lower interest rate or a more flexible repayment schedule. The goal is to reduce the cost of borrowing and ease the repayment process.
For example, if you’re currently paying a high interest rate on your personal loan, transferring the balance to a lender with a lower rate can result in substantial savings over the loan term. The new lender takes over the remaining loan amount, and you continue making payments at a reduced interest rate, leading to lower EMIs.
In addition to interest savings, a personal loan balance transfer can help you extend the repayment tenure, allowing for more manageable monthly payments. This is especially beneficial if you’ve experienced changes in your financial situation and need more breathing room in your budget.
Blusom makes the personal loan balance transfer process simple, so you can enjoy financial freedom without the hassle.
Credit Limit Personal Loan: Features, Benefits, and Application Process
Managing finances effectively is essential for individuals who frequently deal with fluctuating cash flow. A credit limit personal loan offers a versatile and convenient financial solution, allowing borrowers to access funds as needed within a pre-approved credit limit. Whether for emergencies, planned expenses, or business needs, this loan type provides unparalleled flexibility.
Minimal Documentation
Starting ROI 14%* Onwards
Flexible tenure Up to 5 years
Max Loan Amount 40L - 1 Cr
What is a Credit Limit Personal Loan?
A credit limit personal loan is a unique financial product that functions like a revolving credit line. Borrowers receive approval for a maximum credit limit and can withdraw funds up to this limit as needed. Interest is charged only on the utilized amount, not the entire approved limit. As borrowers repay the loan, the credit limit is restored, allowing them to reuse the funds multiple times within the loan tenure.
This type of loan is particularly beneficial for individuals and businesses with varying cash flow requirements, offering flexibility and control over borrowing.
Features of Credit Limit Personal Loan
Revolving Credit Facility: Borrowers can access funds repeatedly within the approved credit limit.
Interest on Utilized Amount: Interest is charged only on the amount withdrawn, reducing the overall cost.
Flexible Repayment Options: Borrowers can repay the utilized amount in installments or in full, based on their convenience.
Pre-Approved Limit: The loan amount is determined by the borrower’s creditworthiness and income.
No Collateral Requirement: Most credit limit personal loans are unsecured, meaning there is no need to pledge assets.
Quick Disbursal: Funds are readily available for withdrawal, ensuring immediate access in emergencies.
Tenure Flexibility: Loan tenures vary depending on the lender, ranging from a few months to several years.
Minimal Documentation: The application process is straightforward and requires only basic documentation.
Benefits of Credit Limit Personal Loan
Financial Flexibility: Borrowers can access funds as needed without applying for multiple loans.
Cost Efficiency: Paying interest only on the utilized amount ensures cost-effective borrowing.
Improved Cash Flow Management: Ideal for managing fluctuating expenses or income.
Convenience: Easy access to funds eliminates the need for frequent loan applications.
Restored Credit Limit: Repaying the loan replenishes the credit limit, allowing reuse.
No Usage Restrictions: Funds can be used for various purposes, such as medical emergencies, education, travel, or business needs.
Boosts Credit Score: Timely repayments positively impact credit history and scores.
Personal Loan Top-Up: Quick Access to Extra Funds
A Personal Loan Top-Up allows existing personal loan borrowers to access additional funds without applying for a new loan. It ideal for meeting unexpected expenses or funding big purchases. With minimal documentation and quick approval, a top-up loan offers convenience and lower interest rates compared to new loans.
Minimal Documentation
Starting ROI 10.25%* Onwards
Flexible tenure Up to 5 years
Max Loan Amount 40L - 1 Cr
Benefit of Personal Loan Top Up
Fast Disbursal and Processing
If the bank or financial institution already has a personal loan on file for you, they might handle your application more quickly. Once the verification process is over, the loan money is released. This makes these loans ideal for unexpected expenses.
Hardly any documentation
From lender to lender, the documentation may differ. Since the paperwork was completed during the main loan's disbursement, some lenders might not need any at all to apply for a top-up. But some lenders might only need the bare minimum of paperwork to complete the loan application.
Rates of interest or charges
Depending on the lender, top-up loans could have lower processing fees or interest rates than new loans.
Duration of Loan
The top-up loan's term is limited to the initial loan's term. You can therefore select a tenure that is equal to or shorter than your current one.
No security is required
You are not required to put up any collateral or security as collateral for a top-up personal loan because it is an unsecured loan type.
Merged EMIs
Your EMIs may be consolidated with some banks or financial institutions. This implies that you can pay back the entire principal loan amount plus the additional loan amount in a single EMI. As a result, you may better organise your payments because you won't need to keep track of distinct due dates.
Eligibility Criteria of Personal Loan Top Up
You have to meet the following requirements in order to be eligible for a Personal Loan top-up:
The lender should already know you and have an active Personal Loan.
Every EMI for the current loan should have been paid back on schedule by you.
Applying for a Top-Up Loan should come after you've paid back a certain amount of your loan, usually 12 EMIs.
Demonstration of your ability to repay the loan is required.
A respectable credit score—ideally 750 or higher—should be yours.
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