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.
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 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, 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 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 state of Kerala.“

Terms and conditions

Please find the T&C here.

Congratulations! You have a pre-approved personal loan/top-up offer.