With a Bajaj Finance Insta Personal Loan, existing customers get pre-approved loan offers, while new customers can generate their pre-assigned limits. All you have to do is enter your mobile number and OTP to check the offer.

EMI Calculator

EMI Calculator

Plan your instalments better.

Eligibility criteria for a pre-approved personal loan offer

Since our Insta Personal Loan provides pre-approved personal loan offers, you do not have to check any eligibility criteria. Your documentation requirement may vary depending on whether you are an existing customer or a new customer.

If you are an existing customer

Since you are an existing customer with a pre-approved offer, there are no additional eligibility criteria that apply to you. Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, and bank statement.

If you are a new customer

Customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide additional documents.

How to get an Insta Personal Loan

Video Image 00:49

How to get your pre-approved personal loan

  1. Click on ‘CHECK OFFER’ at the top of this page to open our online form
  2. Enter your 10-digit mobile number and verify your profile with the OTP sent to your phone
  3. You will see an offer with a pre-approved loan limit for you. You can either go with it or choose a lower amount
  4. Select 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.

Note: Some customers may need to submit additional documents to complete their Insta Personal Loan application process.

Benefits of a pre-approved personal loan

All you need to know about our Insta Personal Loan 00:35

All you need to know about our Insta Personal Loan

Watch this video to know everything about our Insta Personal Loan - features and benefits, fees & charges, etc.

  • Pre-assigned limits

    Pre-approved offers

    No need to complete the entire application process to know how much loan you will get.

  • All you need is a valid mobile number

    All you need is a valid mobile number

    You can check your personal loan pre-approved offer by entering your mobile number and OTP.

  • Immediate processing

    Immediate processing

    No need to wait for approvals. These loans work like a green channel with no documentation required* and money in your account in 30 minutes*.

  • Flexible loan tenures

    Flexible loan tenures

    Manage your loan repayment with options ranging from 6 months to 63 months.

  • No hidden charges

    No hidden charges

    You can read our fees and charges on this page and on our loan documents. There are no hidden charges.

    *Applicable for select customers.

Fees and charges on Insta Personal Loan

Type of fee Applicable charges

Rate of interest

13% to 35% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes)

Documentation charges Not applicable

Bounce charges

Rs. 700/- per bounce.
“Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason

Penal charge

Penal Charge - Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Prepayment charges*

Full prepayment:
Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.

Part prepayment:
Up to 4.72% (inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part prepayment.

*Foreclosure will be processed post clearance of first EMI

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Broken period interest / Pre monthly instalment interest

It is defined as the amount of interest on the loan for the number of days which are:

Scenario 1 - Over and above 30 days from the date of loan disbursement:

Broken period interest is deducted from the disbursement itself.

Scenario 2 - Less than 30 days from the date of loan disbursement:

Interest on the first instalment will be charged for the actual number of days.

Annual Maintenance Charges Not applicable
Cash Collection Handling Charges
Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash Deposit Charges
Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices.
PG Facility Charges
Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

For Micro Finance Loans, please note below:

Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 38%, and 36.79% per annum respectively. Part-prepayment and foreclosure charges are NIL.

Frequently asked questions

What is a pre-approved personal loan?

Our Insta Personal Loan is a pre-approved personal loan; wherein the lender has already evaluated your credit history to check your creditworthiness. It is an unsecured loan and since the initial approval process is already done, pre-approved personal loans are processed faster. With a Bajaj Finance Insta Personal Loan, you can expect the money in your account within 30 minutes*. Since you are already approved for the loan, you do not need to complete additional paperwork or face long processing time.

Read more about Insta Personal Loans and how to get one.

*Terms and conditions apply.

Is it good to take a pre-approved personal loan?

A pre-approved personal loan is processed much faster than a regular personal loan, and funds are disbursed instantly. Depending on your needs, a pre-approved personal loan can be a great option to manage your urgent financial needs.

Are interest rates for pre-approved personal loan higher than regular personal loans?

The interest rate applicable to you depends on several factors such as your monthly income, CIBIL Score, repayment history, and so on. The interest rate for our Insta Personal Loan ranges from 13% to 35% p.a.. You can also check the regular personal loan interest rates.

What are the advantages of a pre-approved personal loan over a regular loan?

You get a pre-approved loan offer with our Insta Personal Loan. The benefits of choosing a pre-approved personal loan include:

  • Faster processing: You do not need to go through a lengthy approval process associated with regular personal loans.

  • Instant funding: Since you are screened for your creditworthiness beforehand, the loan disbursal process is significantly shortened. You can get the funds you need in as little as 30 minutes**.

  • Flexible tenures: With Insta Loans, you can pick a convenient repayment tenure ranging from 6 months to 63 months.

  • Minimal to no documentation: Pre-approved personal loans require minimal documentation for loan processing.

Click here to know all about our Insta Personal Loan.

*Terms and conditions apply.

How can I check my pre-approved loan offer?

You can check your pre-approved loan offer using the following steps:

  1. Click on ‘CHECK OFFER’
  2. Enter your 10-digit mobile number and OTP
  3. Once verified successfully, your pre-approved personal loan offer details will be displayed on your screen

Read more on how your pre-approved personal loan amount is decided.

Do I need any documents to get a pre-approved personal loan?

Minimal to no documentation is one of the most significant advantages of our pre-approved personal loans, and in some cases, you might not even need to provide any income proof. In case you are asked for documents, you will only need the following:

  • KYC documents
  • Cancelled cheque
  • Bank account details

Read more on eligibility criteria and documentation.

Does having a pre-approved offer guarantee that you will get the loan?

Yes, if you have a pre-approved offer of Bajaj Finance Insta Personal Loan, you will get the funds upon application. Simply enter your mobile number and OTP to check your offer.

Can I get a pre-approved offer for a Rs. 30,000 personal loan?

Yes, you can get a pre-approved offer for a Rs. 30,000 personal loan. With our Insta Personal Loan, you can get pre-approved offers for loans of Rs. 20,000 to Rs. 12,76,500.

How can you get pre-approved for a personal loan?

Bajaj Finance offers pre-approved offers to their existing customers. Depending on your profile, you may be eligible for a personal loan amount. Various factors that influence your creditworthiness are examined before extending a pre-approved offer.

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