Eligibility criteria and documents required
Anyone can opt for our Insta Personal Loan. 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 KYC documents, and bank statement.
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.
Frequently asked questions
In most cases, you don’t need to submit any documents to get a Bajaj Finserv Insta Personal Loan. However, depending on your profile, you may be asked to submit additional basic documents like:
- KYC documents such as PAN, Aadhaar, driving license, voter’s ID, or a passport
- Cancelled cheque
- Bank account details
Knowing your credit score to get our Insta Personal Loan is not necessary because we check your credit score before extending an Insta Personal Loan offer to you.
You do not need to check your Insta Personal Loan eligibility. Existing customers already have a pre-approved offer, while for new customers, we generate a pre-assigned limit by taking multiple criteria in account such as your credit score, repayment history and so on.
Bajaj Finance offers pre-approved loan to a select set of existing customers. In some cases, you can get an instant personal loan without documents. In some cases, customers may be asked to submit additional documents such as KYC, or bank details.
You can get a Bajaj Finserv Insta Personal Loan as long as you are between the age of 21 years to 80*. Younger applicants generally get a higher loan amount as they have more earning years ahead.
*Terms and conditions apply
The minimum monthly salary requirement for a Bajaj Finserv Personal Loan is Rs. 25,001. It may, however, vary as per the city you live. It is Rs. 30,000 per month for cities like Ahmedabad and Kolkata and Rs. 35,000 per month for cities like Bangalore, Delhi, Mumbai, or Pune.
