Instant personal loan online for salaried employees

Instant personal loans offer a hassle-free borrowing solution with immediate disbursal and flexible repayment options, making it an excellent choice for salaried employees.
Instant personal loan online for salaried employees
5 min read
27 May 2023

When you are living on a structured monthly budget, large and unexpected costs might throw you off the course. Consequently, adjusting your budget to cover a large expense can be challenging. Most of us use a large portion of our pay cheque towards regular bills and predetermined savings goals. Here is where an instant personal loan for salaried professionals could come in handy. It enables you to meet your financial obligations for varied purposes on short notice, without putting a dent in your savings.

An instant loan for salaried employees is a type of personal loan that is designed specifically for individuals who are employed and receive a regular salary. This loan is available to you no matter what field you work in. Employees of both private and public companies can apply for and qualify for these personal loans for salaried individuals.

Features of an instant personal loan for salaried

Our Insta Personal Loan for salaried professionals is an excellent option for people looking for immediate access to funds with minimal documentation requirements. You may get a loan of up to Rs. 12,76,500 in as little as 30 minutes* to 4 hours to cover all kinds of expenses.

Key features include:

  • Pre-approved offers
  • Immediate disbursal
  • Minimal to no documentation
  • Simple application process

Eligibility criteria for salaried individuals

There are no specific minimum salary requirements for our Insta Personal Loans as we extend pre-approved offers based on several parameters such as your credit score, repayment history, and so on. Even new customers can generate an Insta Personal Loan offer by entering their mobile number and OTP.

Documents required for an instant loan for salaried employees

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
  • Cancelled cheque
  • Bank account details

Here is how you can get an instant personal loan for salaried employees

  • Click on ‘CHECK OFFER’ at the top of the page to open our online form
  • Enter your 10-digit mobile number, then use the OTP that is provided to your phone to confirm your profile
  • You will be presented with an offer with a pre-assigned loan limit. You can either accept it or settle for a smaller sum
  • Choose a repayment period that works best for you
  • Click on ‘PROCEED’ to finish the online process

The online procedure may differ slightly depending on whether you are a new customer or an existing one. Some customers may be required to submit additional documentation to complete the application procedure for an Insta Personal Loan.

If you do not see an offer

If you do not see an offer or want to borrow additional funds, you can use our regular online application instead. It only takes 5 minutes to apply for a regular personal loan.

How to choose a loan amount for salaried employees

Existing customers can view their pre-approved loan limit, while new customers can generate their pre-assigned loan limits. In addition, customers have the option of accepting the offered loan or settling for a lesser sum. It is important to select a loan amount that you can repay comfortably over a set duration. You can use the Insta Personal Loan EMI Calculator to determine a suitable loan amount to borrow based on the EMIs and loan tenure. Calculating monthly payments with the Insta Personal Loan EMI Calculator requires only the loan amount, loan tenure, and interest rate.

You can adjust the loan amount and tenure to arrive at an EMI amount you are comfortable with. If you extend the tenure of the loan, your monthly payments will decrease and vice versa. You can accomplish this by modifying the appropriate calculator fields. The Insta Personal Loan EMI Calculator also offers a breakdown of interest and principal over the tenure that you choose.

Insta Personal Loan is your best bet if you are looking for a loan that is processed quickly and deposited into your bank account. Learn more about it and check your offer online by clicking the link below.

Check Offer

*Terms and conditions apply

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Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

What is the maximum instant personal loan amount that salaried employees can borrow?

The Bajaj Finance Insta Personal Loan provides funds of up to Rs. 12,76,500 for salaried employees as well as self-employed individuals. The offer you get depends upon several parameters such as your credit score, repayment history, and so on.

What are the documents that you need to submit to get an instant personal loan for salaried employees?

In most cases, you do not have to submit any documents to get our instant loan for salaried employees. In some scenarios, you may be asked to share basic paperwork such as KYC documents or bank statements.

What is the interest rate for an instant personal loan for salaried employees?

Bajaj Finance Insta Personal Loan offers funds at interest rates starting from 13% to 35% p.a.

When can I receive my instant personal loan amount?

You can receive funds in your bank account within 30 minutes* to 4 hours after submitting your Insta Personal Loan application.

What is the minimum salary to get a personal loan?

The minimum salary requirement to get a personal loan differs from lender to lender. To get our Insta Personal Loan, you do not have to check any salary requirements. You can simply enter your mobile number and OTP to check if you have a pre-approved offer.

*Terms and conditions apply

What is a salaried personal loan?

Typically, a personal loan for salaried employees is also called as a salaried personal loan.

How long does it take to approve an online instant personal loan for salaried employees?

Our Insta Personal Loan provides pre-approved offers, so you do not have to worry about loan approval post application.

Can a salaried employee with a low credit score obtain a personal loan?

The minimum credit score required to obtain a personal loan differs from lender to lender. You can check if you have a pre-approved offer. You can always choose to apply with a co-applicant to boost the chances of getting a personal loan. Alternatively, you can choose to improve your credit score before applying for a personal loan.

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