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Rs. 40,000 to Rs. 15,50,000
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The first thing that springs to mind when you think of financing your entrepreneurial goals is a business loan. Business loans are typically only available to well-established enterprises and may have minimum annual revenue requirements. In addition, business loans are made after careful consideration of the profit statements, collateral, the proposed use of the funds, and so on. This can make getting approval for a business loan challenging for new entrepreneurs.
An instant personal loan for a business can be quite helpful in these types of situations. You can put the money from your instant personal loan towards your business, as there are no restrictions on how the loan is to be used.
We offer an instant loan, approved online, with a focus on providing hassle-free financial solutions to our customers. We designed our Insta Personal Loans to meet the needs of our customers, who may have unexpected expenses to cover quickly. Regular personal loans are usually only available to salaried individuals who get regular paycheck. Their income must also be above a certain threshold. However, anyone from sole proprietors to salaried employees to business owners can get an Insta Personal Loan.
With a Bajaj Finance Insta Personal Loan, you can get funds from Rs. 40,000-Rs. 15,50,000. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.
Let us look at a few additional benefits of getting an instant personal loan for business expenses
Immediate processing: The most important benefit of the Bajaj Finance Insta Personal Loan is the quick processing and disbursal time. Most customers can get a loan without even submitting any documents. Transferring money typically takes within30 minutes*. The application process is simple since existing customers have pre-approved offers, while new customers can generate a pre-assigned limit for themselves.
Flexible tenures: No two people can have the exact set of needs. Insta Personal Loans provide flexible tenures ranging from 12 months to 96 months, making this an ideal instant loan for business needs. A flexible repayment schedule helps you to arrive at EMIs that meet your budgetary requirements.
Pre-approved offers/ pre-assigned limits: You can find out how much of a loan you qualify for without having to fill out an extensive application. A pre-approved loan limit can be made available to existing customers, and a new pre-assigned limit can be generated instantly for first-time borrowers. Simply enter your mobile number and OTP to see if you have an Insta Personal Loan offer.
Eligibility criteria for an instant loan for business expenses
Applying for an Insta Personal Loan online is simple, but your eligibility depends on your existing relationship with Bajaj Finance. Our existing customers may receive faster approvals with minimal or no documentation. New customers must meet basic eligibility criteria and submit their standard documents.
- If you are an existing customer
- As an existing customer, your pre-assigned loan limit needs no additional eligibility check.
Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, bank statement etc.
If you are a new customer
New customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide a few documents such as income proof, KYC documents, bank statements, etc.
Documents required for Insta Personal Loan
| Document Category | Accepted Options |
|---|---|
| KYC proof | Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card |
| Identity proof | PAN card, Real-time image / photograph |
| Employment proof | Employee ID card, Letter of Allotment of Accommodation Issued by Employer |
| Income proof | Salary slips — last 3 months, Bank account statements — last 3 months |
| Others | Pension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt |
Here is how to get an Insta Personal Loan
The whole process of getting an Insta Personal Loan is done online. The steps required for getting an instant loan online are as follows:
You can see the offer by clicking on ‘CHECK OFFER’ at the top of this page. Your loan limit is automatically displayed on the screen after you enter the 10-digit mobile number and OTP. The loan amount and tenure can be adjusted to suit your budget and repayment capacity.
Check your Insta Personal Loan offer today.
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Frequently asked questions
Overview
Instant Loan for Business Expenses
The minimum CIBIL score required is 650. A higher score improves your chances of approval and attractive offers.
Most of the time, you do not need to send in any paperwork to get a Bajaj Finance Insta Personal Loan. Depending on your profile, however, you may be asked to send in other basic documents, such as:
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Phone bill
- Real-time image / photograph
Choosing a longer tenure can lower the EMIs for an instant personal loan for business expenses. However, increasing the tenure can result in an overall higher interest amount.
You can use an Insta Personal Loan to manage a wide range of personal financial needs, including business-related expenses, medical emergencies, home renovation, education, travel or weddings, subject to eligibility.
We offer Insta Personal Loan at competitive interest rates ranging from 16% and 30.5% p.a.
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. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.
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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*.
For customer support, call Personal Loan IVR: 7757 000 000