Insta Personal Loan for car repair

Get instant access to funds through our Insta Personal Loan and repair your car without any worry.
Insta Personal Loan
3 min
28-March-2024

Car repairs can often be unexpected and expensive, leaving you in a financial bind. In such situations, a personal loan can be a lifesaver, providing you with the funds you need to get your car back on the road. This article will explore how a personal loan, such as Insta Personal Loan, can help you cover the costs of car repairs and get you back behind the wheel in no time.

What is a loan for car repair

A personal loan for car repair is a type of loan that can be used to cover the costs of repairing your vehicle. Whether it's a minor repair or a major overhaul, a personal loan can help you pay for the necessary parts and labour without having to dip into your savings or emergency fund. The Bajaj Finance Insta Personal Loan is a great option in such cases since the application process is super quick and funds are disbursed within minutes.

How to get a personal loan for car repair

Getting a personal loan for car repair is a relatively straightforward process. First, you'll need to determine how much money you need to borrow based on the estimated cost of the repairs. Depending on the repair bill and your loan repayment budget, choose a loan amount to borrow. Use the Insta Personal Loan EMI Calculator to estimate the monthly instalments based on the loan amount, tenure, and interest rate.

Advantages of a personal loan for car repair

One of the main advantages of using a personal loan for car repair is that it provides you with the funds you need quickly and easily. With Insta Personal Loan, you can get pre-approved offers based on your credit history, making the application process faster and more convenient. Additionally, a personal loan allows you to spread the cost of the repairs over time, making it easier to manage your finances. Here are some features that make Insta Personal Loan ideal for expenses such as car repairs:

  • Pre-approved offers: Simply enter your mobile number and OTP to check the offer.
  • Instant funding: You can get the funds you need in as little as 30 minutes*.
  • Minimal paperwork: Complete your loan application with minimal documents. Select customers don’t even need to any submit documents such as income proof to get the loan.

Read all about the features of Insta Personal Loan to understand how it can help you cover your immediate expenses.

How to apply for a car repair loan

To apply for a personal loan for car repair, you'll need to gather some documents, including proof of identity, address, and income. You'll also need to provide details about your vehicle and the repairs needed. Once you have all the necessary documents, you can apply for a personal loan online.

Here is a 5-step guide to getting our Insta Personal Loan:

  1. Click on ‘CHECK OFFER’ on this page.
  2. Enter your 10-digit mobile number and OTP.
  3. Go with the pre-assigned limit or choose a different loan amount.
  4. Choose a repayment tenure that suits you best.
  5. Click on ‘PROCEED’ to complete the online process.

The online process may differ depending on whether you are a new customer or have an existing relationship with us.

In conclusion, a personal loan can be a great option for covering the costs of car repairs. Whether you need to fix a minor issue or undertake a major repair, Insta Personal Loan can provide you with the funds you need quickly and easily, allowing you to get back on the road with peace of mind.

Check your Insta Personal Loan offer

*Terms and conditions apply.

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*Terms and conditions apply

Frequently asked questions

Can personal loan be used for car repairs?
Yes, a personal loan can be used for car repairs, providing a quick solution to cover unexpected expenses.
Who can apply for a car repair loan?
Anyone with a steady income and good credit history can apply for a car repair loan.
How will a car repair loan impact my credit score?
A car repair loan can impact your credit score positively if you make timely repayments, showcasing responsible credit behaviour.