Insta Personal Loan for Medical Expenses

Medical expenses can be planned, or unplanned, depending on the nature of your treatment. While insurance covers such expenses, in most cases, it falls short. Moreover, insurance does not cover cosmetic treatments. Instant loans are a great option in such cases. Our Insta Personal Loan covers the cost of both elective and non-elective procedures.

Read more about our Insta Personal Loan.

In case you do not have a pre-approved offer, you can opt for our regular personal loan.



Specialised diagnostic scans can cost you thousands or even more. A single MRI scan can cost around Rs. 20,000, and in some cases, you may need multiple scans. Add to this the cost of other laboratory tests.

hospital expenses


While your insurance cover may be enough, there is a long list of exclusions such as room upgrades, special meals, doctor visits, dietician visits, and the like.



Post-operative care may require you to get multiple sessions of physiotherapy that could involve the use of special equipment. Each of these sessions can run into thousands.

household expenses


While you are hospitalised, you will still need to manage your monthly expenses. Children’s school fees, groceries, utility bills, fuel expenses, can all add up to a large amount.

cosmetic procedures


Continue to look your youthful best with cosmetic procedures ranging from laser hair removal to facelifts, and dental-related treatments. With clinics available all across the country, getting this done is easier than ever.

Features and benefits of our Insta Personal Loan


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.

  • Pre-assigned limits

    Pre-assigned limits

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

  • All you need is a valid mobile number

    All you need is a valid mobile number

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

  • Immediate processing

    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

    Flexible loan tenures

    Manage your loan repayment with options ranging from 6 to 63 months.

  • No hidden charges

    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.

  • Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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EMI Calculator

EMI Calculator

Plan your instalments better.

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

  1. Click on ‘CHECK OFFER’ at the top of this page to open our online form.
  2. Enter your 10-digit mobile number and verify your profile with the OTP sent to your phone.
  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.
  4. Select 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.

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 37% 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

Delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment.

Prepayment charges*

Full prepayment:
Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on 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

Payable as per state laws and deducted upfront from loan amount.

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 monthly instalment interest

It is defined as the amount of interest on the loan for the number of days which are:

Scenario 1 - Over and above 30 days from the date of loan disbursement:

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% per annum respectively. Part-prepayment and foreclosure charges are NIL.

Understanding Insta Personal Loans

  • 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.

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Frequently asked questions

What is a medical emergency loan?

A personal loan that you can quickly obtain in case of medical emergencies is often termed as a medical emergency loan. Our Insta Personal Loan is a pre-sanctioned offer; wherein the lender has already evaluated your credit history to check your creditworthiness.

How much time does it take to get a medical loan approved?

The approval time differs from lender to lender. In the case of Insta Personal Loans, since the initial approval process is already done, they 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.

How much loan amount can I take for a medical emergency loan?

With our Insta Personal Loan, you can get funds up to Rs. 12,76,500.

What are the mandatory documents needed for a medical loan?

Minimal documentation is a key feature 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
What are the eligibility criteria to apply for a medical loan?

You do not have to check the eligibility criteria before applying for our Insta Personal Loan, since we provide pre-approved offers. Just enter your mobile number and OTP to check your offer.

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