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Insta Personal Loan

Pre-approved offers | No income proof required* | Instant disbursal
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All you need to know about our Insta Personal Loan
 
 
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Trusted by 3 lakh+ customers

Insta Personal Loan
Pre-approved offers | No income proof required* | Instant disbursal
PL_PDP_04_Quick_Disbursal
Disbursal in 30 mins*
PL_PDP_05_No_Hidden_Charges
No hidden charges
PL_PDP_02_Flexible_Loan_Tenures
Flexible tenures
PL_PDP_03_No_Collateral
No collateral
PL_PDP_01_24_hour_disbural
Disbursal in 24 hours*
PL_PDP_02_Flexible_Loan_Tenures
Flexible tenures
PL_PDP_03_No_Collateral
No collateral
PL_PDP_05_No_Hidden_Charges
No hidden charges
EMI Calculator

EMI Calculator

Plan your instalments better

Features and benefits of Insta Personal Loan

  • Pre-assigned limits

    No need to complete the entire application process to know how much loan you will get.

  • Check offer

    You can check your Insta Personal Loan offer by entering your mobile number and OTP.

  • Immediate processing

    Our Insta Loans work like a green channel with no documentation required* and money in your account in just 30 minutes*.

  • Flexible loan tenures

    Manage your loan repayment with options ranging from 12 months to 63 months.

  • No hidden charges

    You can read our fees and charges on this page and on our loan documents. There are no hidden charges.

*Terms and conditions apply.

Read more about the features of Insta Personal Loan.


Understanding Insta Personal Loan


If you are an existing customer

Our existing customers enjoy the benefits of pre-approved loan offers. These offers come with pre-assigned limits. You don’t need to complete an application to know how much loan you are going to get. You can get this information by entering your mobile number and OTP.

If you are a new customer

We have created a service wherein anyone with a valid mobile number can check for an Insta Personal Loan offer. These offers come with pre-assigned limits. However, we may need additional documents to complete the Insta Loan process.

If you don’t see an offer

In the above cases, if you do not see an Insta Loan offer or need a higher loan amount than the pre-assigned limit, you have the option to go through our regular online application process that takes less than 5 minutes.

A loan for all your goals

Check your offer today and manage your financial expenses without stress.

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Eligibility criteria and documents required

Anyone can opt for our Insta Loans online. Your Insta Personal Loan eligibility and documentation requirement depends on whether you are a new customer or have an existing relationship with us.

If you are an existing customer

Since you are an existing customer with a pre-approved offer, there are no additional eligibility criteria that apply to you. Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, and bank statement to apply for instant personal loan.

If you are a new customer

Customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide additional documents. The documentation and application process may differ slightly.
 

Documents required

  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months
  • Piped gas bill
  • Pension order
  • Letter of Allotment of Accommodation Issued by Employer
  • Property / Municipal tax receipt
  • Utility bill

Age: 21 years to 80 years*

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

How to get an Insta Personal Loan

You can get for our instant personal loan online by following the simple steps below.

Step-by-step guide to getting an Insta Personal Loan

  • Step 1: Click on ‘CHECK OFFER’ at the top of this page to open our online form.
  • Step 2: Enter your 10-digit mobile number and verify your profile with the OTP sent to your phone.
  • Step 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.
  • Step 4: Select a repayment tenure that suits you best.
  • Step 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.

Note: Some customers may need to submit additional documents to complete their Insta Personal Loan application process.

Fees and charges on Insta Personal Loan

Type of fee Applicable charges
Rate of interest 13% to 32% p.a.
Processing fees Up to 3.93% of the loan amount (inclusive of applicable taxes)
Documentation charges Not applicable
Bounce charges
 Rs. 700/- per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Penal charge Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount..
Prepayment charges* Full prepayment:
Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as of the date of full prepayment.
Part-prepayment:
Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.
*Foreclosure will be processed post clearance of first EMI
Stamp duty (as per respective state) Payable as per state laws and deducted upfront from loan amount.
Broken period interest / Pre-monthly Instalment interest Broken Period Interest/Pre-monthly Instalment interest" shall mean the amount of interest on Loan for the number of day(s) which is(are):

Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the Loan

Method of recovery of Broken Period Interest/Pre- monthly instalment Interest: Deduct from disbursement

Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the Loan, Interest on first instalment will be charged for actual number of days
Annual Maintenance Charge Not applicable

For Micro Finance Loans, please note below:


Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 32%, and 35.40% per annum respectively. Part-prepayment and foreclosure charges are NIL. {Average interest rate is higher than max interest rate, because maximum interest rates was reduced effective 02 May 2024 however average interest rate is computed on a volume weighted basis for last quarter (Apr'24 - Jun'24)}

Frequently asked questions

What is an Insta Personal Loan?

An Insta Personal Loan is a pre-sanctioned offer; wherein the lender has already evaluated your credit history to check your creditworthiness. Since the initial approval process is already done, Insta Personal Loans are processed faster. With a Bajaj Finance Insta Personal Loan, you can expect the money in your account within 30 minutes*.

Read on: All you need to know about Insta Personal Loan

*Terms and conditions apply.

What are the advantages of an Insta Personal Loan over a regular loan?

Bajaj Finance Limited offers Insta Personal Loans to its existing as well as new customers. The benefits of choosing an Insta Personal Loan include:

  • Faster processing: You do not need to go through a lengthy approval process associated with regular loans.
  • Instant funding: Since you are screened for your creditworthiness beforehand, the loan disbursal process is significantly shortened. You can get the funds you need in as little as 30 minutes*.
  • Flexible tenures: With Insta Loans, you can pick a convenient repayment tenure ranging up to 63 months.
  • Minimal documentation: Insta Personal Loans require minimal documentation for loan processing.

*Terms and conditions apply.

How can I check my Insta Personal Loan offer?

You can check your offer using the following steps:

  1. Click on ‘CHECK OFFER’.
  2. Enter your 10-digit mobile number and OTP.
  3. Once verified successfully, your pre-approved personal loan offer details will be displayed on your screen.

Read more: How your Insta Personal Loan offer amount is decided

How can I get an Insta Personal Loan from Bajaj Finance?

Getting an Insta Personal Loan from Bajaj Finance is simple. You only need to follow the steps below to get an offer.

  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.

Check your Insta Personal Loan offer

*Terms and conditions apply.

Do I need to check my credit score before obtaining an Insta Personal Loan?

We look at several parameters before preparing your Insta Personal Loan offer, including your credit score, financial history, income details and more. Since we verify your credit score, you do not need to be aware of your score before checking your pre-approved loan offer.

However, keeping a tab on your credit health every few months is good practice. One of the easiest ways to do this is to use the Credit Pass offered by Bajaj Finserv. Share a few basic details on the link below and get your credit score – for free.

Check your credit score for free

Do I need any documents to get an Insta Personal Loan?

Minimal documentation is one of the most significant advantages of Insta Personal Loans, and in some cases, you might not even need to provide any documents. In case you are asked for documents, you will only need the following:

Documents required

  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months
  • Piped gas bill
  • Pension order
  • Letter of Allotment of Accommodation Issued by Employer
  • Property / Municipal tax receipt
  • Utility bill
What are the interest rates for Insta Loans?

The interest rate for a Bajaj Finance Insta Personal Loan ranges from 13% to 32% p.a.

How long does it take to get an instant loan?

Instant loans are disbursed quickly. You can get our Insta Personal Loan in as little as 30 minutes* to 4 hours.

*Applicable for select customers.

How to apply for a personal loan instantly?

You can check your Bajaj Finance Insta Personal Loan offer by simply entering your mobile number and OTP. Once you get your offer, you can fill in the rest of the application form within 5 minutes.

How can I get an instant Rs. 50,000 loan?

You can check your Bajaj Finance Insta Personal Loan offer by entering your mobile number and OTP. You can either go with the offer or select a lower amount to proceed with your application.

Read more: Rs. 50,000 loan app

What is the minimum and maximum instant personal loan I can take?

You can get our Insta Personal Loan from Rs. 20,000 to Rs. 12,76,500.

Can I get a top-up loan on my existing instant personal loan?

Yes, you can get a top-up loan on an existing instant personal loan. Please note that having multiple personal loans can impact your credit score.

Where can I check my personal loan status?

You can visit our customer portal, My Account to check your personal loan status.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.