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.
*Applicable for select customers
