How to get Rs. 20,000 urgently

If you find yourself in need of 20,000 rupees urgently, here are some steps to guide you through the process of obtaining a personal loan.
How to get Rs. 20,000 urgently
5 min read
05 February 2024

In times of financial urgency, a personal loan can be a viable solution to bridge the gap between immediate needs and available resources. If you find yourself in need of 20,000 rupees urgently, here are some steps to guide you through the process of obtaining a personal loan.

  1. Assess your financial situation: Before diving into the loan application process, take a moment to assess your financial situation. Understand the urgency of your need and evaluate your ability to repay the loan. This step will help you determine the right amount to borrow and devise a repayment plan.
  2. Research lenders: Explore various lenders, including banks and NBFCs. Compare interest rates, processing fees, and repayment terms to find the most suitable option. Online lenders often offer a quick application and approval process, making them a convenient choice for urgent needs.
  3. Prepare the necessary documents: Lenders typically require proof of identity, income, and residence. Gather documents such as the Aadhaar Card, PAN card, salary slips, and bank statements to streamline the application process. Having these documents ready can expedite the loan approval.
  4. Apply online: Many lenders now offer online application processes, making it convenient for borrowers. Fill out the application form accurately, providing all necessary details. Double-check your information to avoid delays in processing.

Features and benefits of Rs. 20,000 personal loan

  • Quick disbursal: No lengthy approval processes as with regular loans.
  • Instant disbursal: Since you are pre-approved for the loan, disbursal process is significantly reduced. You can get the funds you need in as little as 30 minutes*.
  • Flexible repayment: You can pick a convenient repayment tenure ranging up to 63 months.
  • Minimal documentation: Insta Personal Loans require minimal documentation for loan processing.

Eligibility criteria for a Rs. 20,000 personal loan

For our Insta Personal Loan, you do not have to check eligibility criteria separately since we provide pre-approved offers. For our regular personal loan, the eligibility criteria are:

  • Nationality: Indian
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL Score: 685 or higher.
  • Monthly salary: Starting Rs. 25,001, based on the city you live in.

*Higher age limit is applicable at the time of loan maturity.

How to apply for a Rs. 20,000 loan urgently

If you are looking for a small loan amount that you can get quickly, consider our Insta Personal Loan. Here is how you can apply for it:

  1. Click on ‘CHECK OFFER’ at the top of this page to open our online form.
  2. Enter your 10-digit mobile number and verify your profile with the OTP sent to your phone.
  3. You will see an offer with a pre-assigned loan limit for you. You can either go with it or choose a lower amount.
  4. Select a repayment tenure that suits you best.
  5. Click on ‘PROCEED’ to complete the online process.

The online process may differ depending on whether you are a new customer or have an existing relationship with us. Some customers may need to submit additional documents to complete their Insta Personal Loan application process.

Check other personal loan options based on your budget

Rs. 10,000

Rs. 15,000

Rs. 20,000

Rs. 25,000

Rs. 30,000

Rs. 50,000


In conclusion, you can get a 20,000 rupees personal loan by applying online. Submit the necessary documents, including identification proof, income statements, and address verification. Once your application is processed, the loan amount can be disbursed quickly, often within minutes to a few hours. Remember to borrow responsibly and only take out a loan if you are confident in your ability to repay it. Personal loans can be a helpful financial tool when used wisely and with careful consideration of the terms and conditions.

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

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Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

How can i get a Rs. 20,000 personal loan instantly?

You can apply for our Insta Personal Loan to get Rs. 20,000 instantly by following the below steps:

  1. Click on ‘CHECK OFFER’.
  2. Enter your 10-digit mobile number and OTP.
  3. Go with the pre-assigned limit or choose a different loan amount.
  4. Choose a repayment tenure that suits you best.
  5. Click on ‘PROCEED’ to complete the online process.

The online process may differ depending on whether you are a new customer or have an existing relationship with us.

What is the monthly payment for a Rs. 20,000 loan?

The EMI depends on the interest rate and tenure as well. For example, to repay a Rs. 20,000 loan at an interest rate of 13% p.a. over a period of 1 year, the EMI will be approximately Rs. 1,786.

What credit score is needed for a Rs. 20,000 loan?

The credit score requirement varies from lender to lender. Since we provide pre-approved offers with Insta Personal Loans, you do not need to check your credit score separately.

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