Loan Types
Calculator
FAQs
Video
Rs. 40,000 to Rs. 15,50,000
You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | No branch visit needed
Pre-approved loans are offered based on factors such as your repayment history, credit profile, income details, and existing relationship with the lender. Unlike regular personal loan applications, Insta Personal Loan offers are generated after evaluating your profile, so there may not be a fixed salary requirement to check an offer. Customers with a salary below Rs. 25,001 can also check their available Insta Personal Loan offer by entering their mobile number and OTP. The final offer amount and eligibility depend on factors such as credit history, income, age, and other profile details.
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*.
Eligibility criteria and documents required for less than Rs. 25,000 salary
Applying for an Insta Personal Loan online is simple, but your Insta Personal Loan eligibility depends on factors such as your existing relationship with Bajaj Finance and other applicable criteria. Existing customers may receive pre-approved offers with minimal or no documentation, while new customers can check their eligibility and submit the required documents to complete the 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 don’t 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.
Documents required for Insta Personal Loan
| Document Category | Accepted Options |
|---|---|
| KYC proof | Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card |
| Identity proof | PAN card, Real-time image / photograph |
| Employment proof | Employee ID card, Letter of Allotment of Accommodation Issued by Employer |
| Income proof | Salary slips — last 3 months, Bank account statements — last 3 months |
| Others | Pension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt |
Steps to avail of Insta Personal Loans with salary up to Rs. 25,000
Getting our Insta Personal Loan is simple. You only need to follow the steps below to get an offer.
-
- Check loan eligibility: Enter the loan amount you need and select the repayment period. Then click “CHECK ELIGIBILITY”
- Enter personal details: Enter your personal, financial, and employment details to receive 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 for disbursal.
- Talk to loan specialist: Your application will be 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.
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. |
Not your nearest branch?
Frequently asked questions
Overview
Required Credit Score
Since Insta Personal Loan is pre-approved, you are already eligible for it. We check several parameters such as credit score, repayment history and more before extending an offer.
You can check your offer simply by clicking on 'check offer' and entering your mobile number and OTP. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.
You do not need to check your credit score before applying for an Insta Personal Loan. However, maintaining a healthy credit profile may improve your loan eligibility.
Minimal documentation is a key feature of Insta Personal Loans, and in some cases, you might not even need to provide any documents. In case you are asked for documents, you will only need the following:
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Phone bill
- Real-time image / photograph
Your personal loan amount depends upon several factors apart from salary, such as your credit score, repayment history, and so on.
We look at several parameters before preparing your Insta Personal Loan offer, including your credit score, financial history, income details and more. Since we verify your credit score, you do not need to be aware of your score before checking your pre-approved loan offer.
You can dial 7757 000 000 to reach our 24×7 IVR for Personal Loan support
Related articles
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