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Understanding Insta Personal Loans
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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.
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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.
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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.
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Eligibility criteria and documents required
Anyone can opt for our insta loans online. Your 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 get an insta loan.
Age: 21 years to 80 years*
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.
*Higher age limit applicable at the time of loan maturity.
How to get an Insta Personal Loan
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Check your CIBIL Score
Features and benefits of our Insta Personal Loan
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All you need to know about our Insta Personal Loan
Watch this video to know everything about our Insta Personal Loan - features and benefits, fees & charges, etc.
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Pre-assigned limits
No need to complete the entire application process to know how much loan you will get.
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All you need is a valid mobile number
You can check your Insta Personal Loan offer by entering your mobile number and OTP.
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Immediate processing
Our Insta Loans work like a green channel with no documentation required* and money in your account in just 30 minutes*.
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Flexible loan tenures
Manage your loan repayment with options ranging from 6 to 63 months.
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No hidden charges
You can read our fees and charges on this page and on our loan documents. There are no hidden charges.
*Applicable for select customers.
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Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Fees and charges on Insta Personal Loan
| Type of fee | Applicable charges |
Rate of interest |
13% to 35% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes) |
| Documentation charges | Not applicable |
Bounce charges |
In case of default of the repayment instrument, Rs. 700/- per bounce will be levied. |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI. |
Prepayment charges* |
Full pre-payment: Part pre-payment: |
Stamp duty |
Payable as per state laws and deducted upfront from loan amount. |
| Mandate registration charges | Re. 1/- (inclusive of applicable taxes) applicable in case of UPI mandate registration. |
Mandate rejection charges |
Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered. |
Broken period interest/ pre-EMI interest |
It is defined as the amount of interest on the loan for the number of days which are: Broken period interest is deducted from the disbursement itself. Scenario 2 - Less than 30 days from the date of loan disbursement: Interest on the first instalment will be charged for the actual number of days. |
| Annual Maintenance Charges | Not applicable |
*Part-prepayment should be more than one EMI.
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%, 35%, and 34.45% respectively. Part-prepayment and foreclosure charges are NIL.
Frequently asked questions
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 more about Insta Personal Loans and how to get one.
*Terms and conditions apply.
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.
Click here to know all about our Insta Personal Loan.
*Terms and conditions apply.
You can check your offer using the following steps:
- Click on ‘CHECK OFFER’.
- Enter your 10-digit mobile number and OTP.
- Once verified successfully, your pre-approved personal loan offer details will be displayed on your screen.
Read more on how your Insta Personal Loan offer amount is decided.
Getting an Insta Personal Loan from Bajaj Finance is simple. You only need to follow the steps below to get an offer.
- Click on ‘CHECK OFFER’.
- Enter your 10-digit mobile number and OTP.
- Go with the pre-assigned limit or choose a different loan amount.
- Choose a repayment tenure that suits you best.
- 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.
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
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:
- KYC documents such as Aadhaar, passport, driving license, voter’s ID, or a Letter of National Population Register
- PAN card
- Cancelled cheque
- Bank account statements for the last 3 months
- Salary slips for the last 3 months
Read more on eligibility criteria and documentation.
The interest rate for a Bajaj Finance Insta Personal Loan ranges from 13% to 35% p.a.
Since Insta Loans are immediately disbursed, the application process is usually much simpler. You can check your Bajaj Finance Insta Personal Loan offer by simply entering your mobile number and OTP. You will see an offer with a pre-assigned loan limit. You can either choose to go with it or enter a lower amount. You can then select a repayment tenure suitable for you and proceed with the application.
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.
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.
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.
