Quick loan app

Borrowers can now download quick loan apps such as the Bajaj Finserv mobile app and apply for a loan from comfort of their homes.
Insta Personal Loan
3 min
18-March-2024

In today's fast-paced digital age, the introduction of quick loan apps in India has transformed the traditional lending scene, offering convenience and accessibility to individuals seeking immediate financial remedies. People can easily use online loan platforms such as the Bajaj Finserv mobile app, allowing them to apply for an Insta Personal Loan from the convenience of their homes.

Features of a quick loan app

Round-the-clock availability

Unlike traditional brick-and-mortar banks that operate within fixed hours, the best quick loan apps are accessible round-the-clock, catering to users' needs at any time.

Effortless digital application

These apps feature user-friendly interfaces that guide users through the application process smoothly, requiring minimal documentation and simplifying the complexities often associated with traditional lending.

Instant approval

While conventional loan applications typically involve extensive paperwork and verification processes, quick loan apps use technology to provide instant approval. Applicants can expect decisions within minutes, streamlining the borrowing process. With our Insta Personal Loan, customers get pre-approved loan offers, making the application process even faster and smoother. All you need to do is just enter your mobile number and OTP to check the offer.

Reduced paperwork

Quick loan apps generally require minimal documentation, often limited to basic identity and income verification.

Eligibility criteria

While eligibility criteria for online loans may vary, some common requirements stated by quick loan apps include an identification documents, income proof, and a valid address proof. With Insta Personal Loan, you do not have to check eligibility criteria separately since it provides pre-approved offers.

Required documents

Typically, you need the below documents to apply for a personal loan through a quick loan app in India:

  • 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
  • Utility bill of electricity and piped gas

However, since Insta Personal Loan provides pre-approved offers, select customers can get the funds without needing to submit any documents.

How to apply for a quick loan through the app

A step-by-step guide to using the Bajaj Finserv personal loan app:

  1. Install the Bajaj Finserv App
    Download the Bajaj Finserv app from the Google Play Store for Android users or the Apple App Store for iOS users.
  2. Access the personal loan section
    Locate the personal loan section within the app interface.
  3. Select loan amount and tenure
    After confirming your eligibility, the quick loan app will guide you through choosing the loan amount and repayment period that aligns with your requirements. Use our Insta Personal Loan EMI Calculator to determine your EMI amount and assess whether it fits your repayment budget.
  4. Provide necessary documents
    The app may prompt you to upload essential documents such as proof of income, identification, and address. Depending on your profile, select customers may not be required to submit any paperwork.
  5. Review and submit your application
    Carefully review all the provided information and proceed to submit your application. A representative will then reach out to you to help you with the further process.

Start your application by downloading our quick loan app now

In essence, quick loan apps signify a transformation in the lending landscape, offering speed and accessibility. While unquestionably convenient, borrowers should exercise caution and select reputable platforms to ensure a smooth and responsible borrowing experience in the digital age.

Download the Bajaj Finserv app from the App Store

*Terms and conditions apply.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

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 processing time of a personal loan through a quick loan app?

The processing time of loans varies from lender to lender. With a Bajaj Finance Insta Personal Loan, the application is processed quickly, and customers can get their funds within %30 minutes* to 4 hours.

*Terms and conditions apply

What is the disbursal time of a quick loan app?

With our Insta Personal Loan, you can get the funds in your account in as little as 30 minutes* to 4 hours.

*Terms and conditions apply

What is a quick loan?

A quick loan is a type of short-term loan that is processed and disbursed quickly, often within a few hours or days, making it ideal for urgent financial needs.

What are the advantages of using the Bajaj Finserv app for quick loans?

Using the Bajaj Finserv app for quick loans offers several advantages. It provides easy access to funds with a simple and quick application process, providing pre-approved offers and disbursal. The app also offers flexible repayment options and convenient loan management features, making it an efficient choice for borrowers in need of quick funds.

Is the Bajaj Finserv app secure for conducting financial transactions?

Bajaj Finserv employs various security measures to protect user data, such as encryption and secure authentication methods, to ensure the safety and privacy of its users. Like any financial app, it is important to download it from a trusted source, such as the official app store, and to keep it updated with the latest security patches.

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