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Rs. 40,000 to Rs. 15,50,000
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Getting an instant personal loan online within minutes
An Insta Personal Loan can be used to pay tuition fees and other higher education expenses, including accommodation, books, travel, and related costs, subject to eligibility and approval. With a Bajaj Finance Insta Personal Loan, you can get funds from Rs. 40,000-Rs. 15,50,000. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.
What is an instant short-term personal loan?
An instant short-term personal loan is a quick, small amount borrowing option typically repaid within a short period, often weeks. Unlike traditional loans, these loans involve minimal documentation and approval processes, providing rapid access to funds. However, they often come with higher interest rates, making responsible borrowing crucial.
If you are looking for this type of finance, our Insta Personal Loan is the best option. It is designed to meet your immediate funding needs. You can check your offer without even going through the entire application process.
If you are an existing customer
- As an existing customer, your pre-assigned loan limit needs no additional eligibility check.
- Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, bank statement etc.
If you are a new customer
New customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide a few documents such as income proof, KYC documents, bank statements, etc.
If you do not see an offer
If you do not see an Insta Loan offer or need a higher loan amount than the pre-assigned limit, you have the option to go through our regular online application process that takes approximately 5 minutes.
Key features and benefits of an instant personal loan
- Loan amount ranges from Rs. 40,000-Rs. 15,50,000
- Repayment tenure ranges from 12 months to 96 months
- Disbursal can happen within 30 minutes*
- No collateral is required and approval is quick
- Minimal documentation is needed for processing
How to apply for an instant loan
- Check loan eligibility
Enter the loan amount you need and select the repayment period. Then click on "CHECK LOAN OFFER". - Enter personal details
Enter your personal, financial and employment details to get a personalised offer. - Loan offer
Review your offer details and adjust the amount or tenure to suit your needs. - KYC verification
Complete your KYC and verify your bank details. - Talk to loan specialist
Your application has been submitted. An executive will contact you for the next steps in the process.
The application process varies for new and existing customers. Some customers may need additional documents to complete their application.
Need assistance with any step? Speak to our customer care executive at 7757 000 000.
How to calculate instant loan EMI online
You can calculate your Insta Personal Loan EMI online by entering the loan amount, interest rate, and repayment tenure into the Insta Personal Loan EMI Calculator. The calculator instantly estimates your monthly EMI, helping you compare repayment options and choose a tenure that suits your budget before applying.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000