Pre-approved offer
You have a pre-approved offer of up to

Your Personal Loan with us

Check details and make payments for your personal loan

Insta Personal Loan

Pre-approved offers | No income proof required* | Instant disbursal
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 6 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.

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


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
Since our Insta Personal Loan comes with freedom of usage, you can utilise the funds to manage a wide range of expenses, including higher education and wedding.

Pre-approved offers and quick disbursal make it an ideal option to manage urgent needs such as a medical emergency or home repairs.

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 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

  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 38% 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%, 38%, and 36.79% per annum respectively. Part-prepayment and foreclosure charges are NIL.

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 more about Insta Personal Loans and how to get one.

*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.

Click here to know all about our Insta Personal Loan.

*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 on 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:

  • 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.

What are the interest rates for Insta Loans?

The interest rate for a Bajaj Finance Insta Personal Loan ranges from 13% to 38% p.a.

How do you apply for an Insta Loan online?

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.

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.

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.

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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*.