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About Insta Credit

The Bajaj Finserv Insta Credit feature enables EMI Network Card customers to transfer an amount of up to Rs. 10,000 from their EMI Network Card to their Bajaj Finserv Wallet. You can use this amount to shop at over 2 million online and offline Mobikwik merchant stores.

The process to get Insta Credit is quick and straightforward. You can transfer the money from your EMI Network Card to your Bajaj Finserv Wallet app in 5 easy steps:

  • Step 1 : Install the Bajaj Finserv Wallet and login with your registered mobile number.

    Step 2 : Click on Insta Credit offer (as displayed on your screen)

    Step 3 : Select the loan amount of up to Rs. 10,000

    Step 4 : Accept T&C and click on ‘Add Insta Credit’

    Step 5 : Submit the OTP and your loan amount will be instantly credited to your wallet.

    Insta Credit is a feature of the Bajaj Finserv Wallet that is available to a select set of customers. It can be availed through a 100% digital process.

Insta Credit features and benefits

  • Get a loan in just 10 seconds

  • Anytime anywhere wallet cash

  • Easy to avail and easy to pay loan

  • No documentation required

  • Transact at over 2 million online and offline Mobikwik merchant stores

  • Pay your utility bills and shop online for fashion, travel, food and more

Detailed fees and charges

Foreclosure charges(only after 1st EMI payment) 2% on loan outstanding amount as on date plus applicable taxes.
Document/statement charges Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents. Download your e-statements/letters/certificates at no extra cost by logging into our customer portal – Experia. You can get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/letter/certificate.
Bounce charges of the repayment instrument(s) In case of default because of the repayment instrument(s) being dishonoured, Bajaj Finance Limited shall charge Rs.450/- (Incl. taxes) (Rupees Four Hundred Fifty Only) per month/per default towards its dishonour.
Rate of interest Insta credit of Rs. 5,000/-: 28% (per annum) Insta credit of Rs. 7,000/-: 19% (per annum) Insta credit of Rs. 10,000/-: 13% (per annum)
Penal interest Any delay in payment of monthly instalment/EMI shall attract penal interest at the rate of 4% per month on the monthly instalment /EMI outstanding, from the date of default until the receipt of monthly instalment /EMI.  Recently updated

“Note: Additional cess will be applicable on all charges in the state of Kerala.“

Terms and conditions

Please find the T&C here.

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