Is Instant Personal Loan Disbursed on the Same Day

Read on to know how customers can get their instant personal loan amount disbursed on the same day of application.
Is Instant Personal Loan Disbursed on the Same Day
5 min read
8 April 2023

Individuals can often find themselves in situations where they need money urgently to cover a medical bill or the cost of an unplanned expense. If you need money on the same day, personal loans can usually help pay for any expenses. However, regular personal loans have a longer application process and various eligibility criteria the borrower needs to meet.

This is not practical for those who need quick funds for an emergency and do not have the time to complete the loan application process. Keeping this in mind, we introduced the Bajaj Finserv Insta Personal Loan to our portfolio of loans. This has been designed with the special requirements of customers who may at any point require immediate access to funds. You can get an Insta Personal Loan on the same day, in fact within just 30 minutes* to 4 hours of your application.

We were inspired by the green-channel experience at international airports while creating the processes for Insta Personal Loans. Existing customers get pre-approved offers with a very quick application process. New customers can also check their offer of pre-assigned limits by entering their phone number and OTP.

How to get a loan on the same day

You can visit the Insta Personal Loan page on the Bajaj Finserv website and click on 'CHECK OFFER'. All you need to do to see a pre-assigned loan limit on the screen is enter the 10-digit mobile number and OTP. You can customise the loan tenure that best suits your needs. Once your application process is complete, you can get the loan amount disbursed to your bank account on the same day.

If you are an existing customer

Existing customers are eligible for pre-approved loan offers. These offers come with predetermined loan amount. You do not need to go through the entire application process to find out how much of a loan you can get. This information can be obtained by entering your mobile number and OTP.

If you are a new customer

We have developed a service that allows anyone with a valid mobile number to check for an Insta Personal Loan offer. These offers come with pre-assigned limits. However, we may require some documents to complete your application.

If you do not see an offer

In the situations outlined above, if you do not see an Insta Personal Loan offer or if you need a larger loan amount than the pre-assigned limit, you have the option of completing our standard personal loan online application process, which takes less than 5 minutes.

How to speed up personal loan disbursement

  • Check for pre-approved offers since these speed up the application and disbursal process
  • Keep your documents handy so that the verification step takes less time
  • Opt for online application process since it avoids the hassle of branch visits and quickens the process

How to select an appropriate Insta Personal Loan amount

Existing customers can view their pre-approved loan limit, while new customers can generate their pre-assigned loan limits. Customers have the option of accepting the loan offer or selecting a lower amount.

A longer tenure usually means more EMIs, but the overall interest paid is lower. You can use our Insta Personal Loan EMI Calculator to check EMIs and choose a loan amount that fits your repayment capacity.

The Bajaj Finserv Insta Personal Loan EMI Calculator simply requires the amount, tenure, and interest rate to estimate monthly payments. You can use different combinations to arrive at the EMI amount you are comfortable with. If you extend the tenure, your EMIs will reduce, and vice versa. You can do so by modifying the relevant calculator fields. The Bajaj Finserv Insta Personal Loan EMI Calculator also shows how the principal and interest amounts are split up. You can also examine your monthly or annual EMIs by selecting 'view repayment schedule'.

For those looking for a personal loan disbursal on the same day, an Insta Personal Loan is an ideal choice. Check your offer today to cover your unplanned costs with ease.

Check offer

*Applicable for select customers

Frequently asked questions

Can you receive Insta Personal Loan on the same day of application?

While a standard personal loan can be obtained within a few days, you can get our instant personal loan on the same day. In fact, within just 30 minutes* to 4 hours of application. If you are looking for a personal loan you can get on the same day, Insta Personal Loan is perfect for you.

*Applicable for select customers

What CIBIL Score is required to get an instant personal loan on the same day?

You do not need to know your credit score to check your Insta Personal Loan offer. However, it is a good idea to be updated on your CIBIL Score and overall credit health status.

What are the key benefits of getting Insta Personal Loan on the same day?

The biggest benefit of getting your Insta Personal Loan on the same day is that you can utilise it for emergency situations, such as a medical expense. Here are a few more features of Insta Personal Loan that make it an ideal choice when you need urgent money:

  • Pre-approved offers
  • Minimum to no documents required
  • No hidden charges
  • Flexible loan tenures

*Applicable for select customers

Are the eligibility criteria different for instant personal loans with same day disbursal?

The Bajaj Finserv Insta Personal Loan is disbursed on the same day of application. You do not have to check your eligibility criteria to apply.

How long does it take for a personal loan to be deposited in your account?

The disbursal time for a personal loan varies from lender to lender. Our Insta Personal Loan can be disbursed in as little as 30 minutes* to 4 hours of application.

*Terms and conditions apply

How do I check my loan disbursement?

You can check the status of your loan application by visiting our customer portal, My Account.

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*Terms and conditions apply