Instant personal loan for business expenses

Get quick financing for your business with an instant personal loan for business expenses.
Instant personal loan for business expenses
5 min read
8 May 2023

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.

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 between 30 minutes* and 4 hours. 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 of up to 63 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

For existing customers

You may be eligible for an Insta Personal Loan if you have an established relationship with us. You only need your phone number to check your offer.
Check your offer status by visiting the Insta Personal Loan page on the Bajaj Finserv website and clicking "Check Offer." To verify your profile, you will need to enter a phone number and a one-time password. If your loan has already been pre-approved, you may not even have to send any supporting paperwork. Most customers can avail of this instant personal loan without submitting any documents.

For new customers

You can get an Insta Personal Loan even if you are not an existing customer. The only thing that you need to check your Insta Personal Loan offer is a valid mobile number. Some new customers may be asked to present documentation to validate their details.

If you need a larger loan or do not qualify for an Insta Personal Loan, you can always apply for a standard personal loan.

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.

Check Offer

Frequently asked questions

What is the CIBIL Score needed to get an instant personal loan for business expenses?

Before putting together your Insta Personal Loan offer, we look at several factors, such as your credit score, financial history, information about your income, and more. You do not need to check your CIBIL Score or any other eligibility requirements before applying for our Insta Personal Loan.

What are the documents that you need for an instant personal loan for business expenses?

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 such as PAN, Aadhaar, driving licence, voter’s ID, or a passport
  • Cancelled cheque
  • Bank account details
How can you lower the EMIs for an instant personal loan for business expenses?

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.

Can I use the instant personal loan for business to manage other expenses?

The Bajaj Finance Insta Personal Loan comes with no end-use restrictions. You can manage your personal as well as business expenses with this loan.

What is the rate of interest for an Insta Personal Loan for business expenses?

We offer Insta Personal Loan at competitive interest rates ranging from 13% to 35% p.a.

How can I get an instant loan for business expenses?

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.

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