Numerous financial institutions have started adopting paperless loan processes and providing a smoother and quicker experience to their customers. Everything can now be accomplished with a few clicks. Most individuals can now choose quick, simple solutions to all their financial needs instead of having to wait days for loan approval and subsequent disbursal. By using fast loan apps, they get a hassle-free borrowing experience by having a quick and secure instant personal loan approval process that does not require any physical documentation.
Considering this, we added the Bajaj Finance Insta Personal Loans to our product portfolio. We have streamlined the process just like a green channel at an airport. With an entirely online application process, this loan product has been designed for the specific needs of customers who, at any time, may need fast access to funds.
How to get paperless approval for an instant personal loan
Most instant personal loans have an online application process, followed by document verification via a video KYC and approval. In the case of Bajaj Finance Insta Personal Loan, the entire loan process can be completed online, from the comfort of your home. Existing customers get pre-approved offers, while new customers can generate an offer by just entering their mobile number and OTP. There is no need to wait for approval or provide a ton of paperwork to prove your creditworthiness. In most cases, the loan amount can be disbursed within 30 minutes* to 4 hours.
Apply for a pre-approved personal loan
Here is how paperless approval for an Insta Personal Loan works
Insta Personal Loans are pre-approved, which means the loan amount offered to you is already sanctioned. This means that the paperless approval process has already been conducted before generating an offer for you.
You can view the offer by visiting the Insta Personal Loan page on the Bajaj Finserv website and clicking ‘CHECK OFFER’. You simply need to enter the 10-digit mobile number and OTP to see a pre-assigned loan limit on the screen. You can change the loan amount and tenure to create repayment schedules that are specific to your needs.
Once you check your offer, you have the option to go with it or choose a lower amount. The application process takes only a few minutes. Some customers may not even have to submit any documents. In fact, select customers can get an instant personal loan with no income proof.
Here are some of the many advantages of our Insta Personal Loan
• No collateral needed
An Insta Personal Loan is an unsecured loan that does not require a guarantor or any valuables as collateral (such as gold jewelry or real estate documents). Your creditworthiness and repayment capacity will determine the pre-approved offer or pre-assigned limit you receive.
• Flexible tenures
We understand that no two customers have the same needs. Someone could need a repayment tenure of a year, while another could use a longer term of three years. Therefore, we provide Insta Personal Loans with flexible tenure options ranging up to 63 months. You have the freedom to choose the loan term that works best for you.
• No hidden charges
This website and the loan documents provide all the information related to the fees and charges that may apply to you. The instant personal loan interest rate, and fees are listed up front for your convenience.
Insta Personal Loans are a great option for borrowers who prefer the convenience of applying for a loan online and receiving their funds quickly to deal with unexpected costs. Check your Insta Personal Loan offer today by visiting the link below.
*Applicable for select customers
