About INSTA CREDIT

Our exclusive 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 Wallet.* This amount can then be used to transact at over 2 million online and offline Mobikwik merchant stores, for any purchase in single or multiple transactions amounting to the availed amount.
*Eligible customers only

  • How to avail - Step by step guide

    step 1 : Install the Bajaj Finserv Wallet and login with your registered mobile number

    step 2 : Click on Insta Credit offer (as displayed on main screen)

    step 3 : Accept T&C and click on ‘Add Insta Credit’ for availing the same

    step 4 : Submit the OTP and Wallet has been loaded. It’s that easy!!

Insta Credit Features & Benefits

  • Get loan in just 10 seconds

  • Anytime anywhere Wallet cash

  • Easy to avail, easy to pay loan

  • Get loan in 3 easy clicks

  • No documentation required

  • Repay the loan in easy EMIs

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

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

Fees and charges details:

Foreclosure charges(Only after 1st EMI payment) 2% on Loan outstanding amount as on date plus the applicable taxes.
Part payment charges(Only after 1st EMI payment) 2% on part payment amount of Loan outstanding amount on the date plus the applicable taxes.
Bounce charges of the repayment instrument(s) In case of default because of the repayment instrument(s) being dishonoured, BFL shall chargeRs.450/- (Incl. taxes) (Rupees Four Hundred Fifty Only) per month/per default towards its dishonour.
Rate of Interest Insta credit of Rs.5000 -: 28% (p.a)
Insta credit of Rs.7000 -: 19% (p.a)
Insta credit of Rs.10000-: 13% (p.a)
Penal Interest/Amount In case of delay in payment of Monthly Instalment, BFL shall charge penal interest of Rs.150/month (incl. taxes) on an amount of Monthly Instalment outstanding as on that date.

Terms and conditions

Please find the T&C here.