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What is a Digital Loan and How Can Salaried Employees Get One in Minutes?

  • Highlights

  • Avail a digital loan for a hassle-free borrowing experience

  • Get money in your account in just 2 clicks

  • Check your pre-approved offer to authorise loan disbursal

  • Get money transferred to your bank account in 20 minutes

When it comes to financing a big-ticket expense or dealing with an emergency, an instant personal loan can be a handy way to avail funds. Instant personal loans are a product of advancements within the fintech sector and have greatly revolutionised the way modern citizens borrow funds. In fact, to get a personal loan all you need is an electronic device and an internet connection. Lenders like Bajaj Finserv have online provisions supporting each and every step of borrowing, and, here, you can get a digital loan from anywhere, anytime, with a couple of clicks.

  But what does a digital loan entail and how can you get one? To know the answer to these questions, read on.

What is a Digital Loan?

As the name suggests, a digital loan is one that you can avail online. This means that you can go through the entire loan process online, without needing to be involved physically. An example of a digital loan is the Bajaj Finserv Personal Loan availed through a pre-approved offer. Thanks to digital protocols you, as an existing customer, have a pre-approved loan amount linked to your profile.


There is no loan application process nor are there added eligibility terms to meet or any documents required. You can avail a loan in 2 clicks: one to view your pre-approved offer and one to get the digital loan. Once you complete the 2-click process, the loan is transferred to your account in 20 minutes.

Additional Read: Instant Personal Loan Without Leaving your Home

How Can Salaried Individuals Avail an Instant Personal Loan Digitally?

Availing a personal loan for salaried employees generally involves looking up instant personal loan eligibility, keeping ready the required documents, and applying for the loan online. However, as a salaried employee, who is an existing Bajaj Finserv customer, these steps are not part of the process.

In fact, you do not have to check eligibility terms as you are pre-approved; you do not require to produce or upload documents, as Bajaj Finserv possesses them; and you do not make an application online. You can simply avail the loan you are eligible for.

What you need to do is:

  1. Click to view your pre-approved offer

  2. Review your pre-filled details

  3. Click to avail the loan

Here is a table summarising the differences in loan acquisition processes between a regular instant personal loan and Bajaj Finserv’s Digital Personal Loan.

Regular Personal Loan Bajaj Finserv Digital Personal Loan
Need to meet eligibility criteria Pre-approved customers are eligible for a loan
Need to upload/ provide documents 0 documents involved
Need to apply online No application involved, rather you can get a loan in 2 clicks
Verification of loan application takes place No lender-side verification involved; disbursal follows the 2-click process

Once you avail the digital loan offered to pre-existing customers by Bajaj Finserv, money is transferred to your account electronically, in 20 minutes. Within minutes, you as a salaried employee can go from identifying your need to availing the loan and obtaining money in the bank!

To view the benefits of this digital loan, consider the following points.

You get:

  • A fully online procedure

  • A loan in 2 clicks

  • Money in the bank within 20 minutes

  • A sizable loan amount, personalised to your profile

  • Funding without additional documentation

  • A collateral-free loan

  • A flexible repayment tenor of up to 60 months

  • A 100% online disbursal

With this offering and as a pre-existing customer with Bajaj Finserv, all you have to do is check your pre-approved offer and review the pre-filled form. Following which, you can have the entire pre-approved sanction disbursed to you online in a few minutes.

Additional Read: Benefits of Bajaj Finserv Digital Personal Loan

As a new salaried customer that is eligible for such an offer, the only addition is that you may have to submit basic documentation before you enjoy a 100% online disbursal. Either way, you don’t have to visit a physical branch or deal with long application procedures to get access to funding.

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The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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