Your Personal Loan with us
Check details and make payments for your personal loan
Trusted by 3 lakh+ customers
We have created a service wherein salaried and self-employed individuals with a valid mobile number can check for an Insta Personal Loan offer. You can get this information simply by entering your mobile number and OTP. These offers come with pre-assigned limits. However, we may need additional documents to complete the Insta Personal Loan process.
EMI Calculator
Plan your instalments betterFeatures and benefits of Insta Personal Loan
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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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Check offer
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 12 months to 96 months.
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No hidden charges
You can read our Insta Personal Loan fees and charges on this page and on our loan documents. There are no hidden charges.
*Terms and conditions apply.
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
- Higher education can become an expensive affair even if you have an education loan. use our Insta Personal Loan for higher education to cover various additional costs such as stay, travel, extra courses and materials, and so on.
- Our Insta Personal Loan for medical emergency is a quick and effective way to manage expenses for a medical issue without stress.
- Weddings can have unpredictable expenses, often at the last minute. Be it booking a different venue, or making an urgent vendor payment, our Insta Personal Loan for wedding can be a lifesaver.
- Make urgent repairs for your house, or start the renovation work you have been putting off – with the help of our Insta Personal Loan for home improvement.
Check your offer today and manage your financial expenses without stress.
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 get an Insta 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.
Age: 21 years to 80 years*
*Higher age limit applicable at the time of loan maturity.
How to get an Insta Personal Loan
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.
Step-by-step guide to getting an Insta Personal Loan
- Click on ‘CHECK OFFER’ at the top of this page to open our online form.
- Enter your 10-digit mobile number and verify your profile with the OTP sent to your phone.
- You will see an offer with a pre-assigned loan limit for you. You can either go with it or choose a lower amount.
- Select 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.
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 | 16% to 31% 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 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 reasons |
| Penal charge | 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 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. |
| Instalment Default Charge | Rs. 450/- per month from the first instalment due date for mandates rejected by customers 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 Charge | Not applicable |
| Cash Collection Handling Charges | Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs. |
| Cash Deposit Charges | Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices. |
| PG Facility Charges | Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties. |
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 34.76% per annum respectively. Part-prepayment and foreclosure charges are NIL.
Frequently asked questions
Our Insta Personal Loan is a pre-approved personal loan; wherein the lender has already evaluated your credit history to check your creditworthiness. It is an unsecured loan and since the initial approval process is already done, pre-approved personal loans are processed faster. With a Bajaj Finance Insta Personal Loan, you can expect the money in your account within 30 minutes*. Since you are already approved for the loan, you do not need to complete additional paperwork or face long processing time.
Read more about Insta Personal Loans and how to get one.
*Terms and conditions apply.
A pre-approved personal loan is processed much faster than a regular personal loan, and funds are disbursed instantly. Depending on your needs, a pre-approved personal loan can be a great option to manage your urgent financial needs.
The interest rate applicable to you depends on several factors such as your monthly income, CIBIL Score, repayment history, and so on. The interest rate for our Insta Personal Loan ranges from 16% to 31% p.a..
You get a pre-approved loan offer with our Insta Personal Loan. The benefits of choosing a pre-approved personal loan include:
● Faster processing: You do not need to go through a lengthy approval process associated with regular personal 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 from 12 months to 96 months.
● Minimal to no documentation: Pre-approved personal loans require minimal documentation for loan processing.
*Terms and conditions apply.
You can check your pre-approved loan 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.
Minimal to no documentation is one of the most significant advantages of our pre-approved personal loans, and in some cases, you might not even need to provide any income proof. In case you are asked for documents, you will only need the following:
● KYC documents
● Cancelled cheque
● Bank account details
Yes, if you have a pre-approved offer of Bajaj Finance Insta Personal Loan, you will get the funds upon application. Simply enter your mobile number and OTP to check your offer.
Yes, you can get a pre-approved offer for a Rs. 30,000 personal loan. With our Insta Personal Loan, you can get pre-approved offers for loans of Rs. 20,000 to Rs. 12,76,500.
Bajaj Finance offers pre-approved offers to their existing customers. Depending on your profile, you may be eligible for a personal loan amount. Various factors that influence your creditworthiness are examined before extending a pre-approved offer.