Same-Day Personal Loan: Eligibility, Process, Costs and Repayment

Same-Day Personal Loan: Eligibility, Process, Costs and Repayment

A same-day personal loan can provide funds on the day of approval when you meet the applicable eligibility and verification requirements. Bajaj Finance offers online personal loan applications with eligible applicants able to receive funds within 30 minutes* of document verification.
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Rs. 40,000 to Rs. 15,50,000

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Last updated: October 2026


In summary

A same-day personal loan can help you manage an urgent personal expense when you need funds without pledging collateral. The actual disbursal time depends on your eligibility, approval and completion of verification.


  • Bajaj Finance Personal Loan offers Rs. 40,000-Rs. 15,50,000, subject to eligibility and applicable terms.
  • Repayment tenure ranges from 12 months to 96 months.
  • The stated minimum CIBIL Score is 650 or higher.
  • Eligible applicants can receive funds within 30 minutes* of document verification.
  • You can complete the application online without visiting a branch.
  • The loan is unsecured, so collateral is not required.
  • Bajaj Finance Insta Personal Loan has a separate product structure and can provide same-day disbursal for select customers.

A same-day loan does not mean guaranteed approval or guaranteed disbursal within a specific number of hours. You should complete the required verification and review the final loan terms before accepting the offer.

What are same-day personal loans?

Same-day personal loans, as the name suggests, offer borrowers the advantage of accessing funds within a single day of application. Traditional loan processes often involve lengthy paperwork, credit checks, and prolonged waiting periods. However, same-day personal loans have revolutionised the lending landscape by streamlining the application and disbursal processes.


For example, the Bajaj Finance Insta Personal Loan extends pre-approved offers to existing customers, while new customers can generate a pre-assigned limit for themselves. You can check the offer by simply entering your mobile number and OTP. You can then go with the pre-assigned limit or choose a lower loan amount, depending on your requirement. The biggest advantage of our Insta Personal Loan is that the funds are disbursed within just 30 minutes*.



With a Bajaj Finance Insta Personal Loan, you can get funds from Rs. 40,000-Rs. 15,50,000. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.

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How do same-day personal loans work?

Same-day personal loans can give eligible customers access to a pre-approved or pre-assigned loan offer online. The process involves checking the offer, selecting the required amount and tenure, completing KYC verification and receiving the funds in the bank account.


  1. Check loan eligibility

    Enter the loan amount you need and select the repayment period. Then click on "CHECK LOAN OFFER".

  2. Enter personal details

    Enter your personal, financial and employment details to get a personalised offer.

  3. Loan offer

    Review your offer details and adjust the amount or tenure to suit your needs.

  4. KYC verification

    Complete your KYC and verify your bank details.

  5. Talk to loan specialist

    Your application has been submitted. An executive will contact you for the next steps in the process.


The application process varies for new and existing customers. Some customers may need additional documents to complete their application.


Need assistance with any step? Speak to our customer care executive at 7757 000 000.



*Applicable to select customers.

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Features of same-day personal loans

  • Quick disbursal: Eligible applicants can receive the loan amount on the same day after approval.
  • Loan amount: Borrow from Rs. 40,000-Rs. 15,50,000, based on your eligibility.
  • Flexible repayment tenure: Choose a repayment tenure ranging from 12 months to 96 months.
  • Competitive interest rates: Interest rates range from 16% and 30.5% p.a, depending on your eligibility.
  • No collateral required: No asset or security is required, as it is an unsecured loan.
  • Minimal documentation: Apply with basic KYC and income documents. Eligible customers with a pre-approved offer may require limited or no additional documentation.
  • Simple online application: Complete the application process online from the comfort of your home.
  • Quick approval: Eligible applicants benefit from a fast and convenient approval process.
  • Multiple end-use: Use the loan for medical emergencies, home repairs, travel, education, weddings, or other personal financial needs.
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What is the eligibility criteria for a same-day personal loan?

Applying for an Insta Personal Loan online is simple. However, eligibility depends on factors such as the existing relationship with Bajaj Finance, financial profile and other applicable criteria. 


  • If you are an existing customer
    • As an existing customer, your pre-assigned loan limit needs no additional eligibility check.
    • Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, bank statement etc.

  • If you are a new customer

    New customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide a few documents such as income proof, KYC documents, bank statements, etc.

  • If you don’t see an offer

    If you do not see an Insta Loan offer or need a higher loan amount than the pre-assigned limit, you have the option to go through our regular online application process that takes approximately 5 minutes.


 

Priya's same-day personal loan scenario


Priya, 29, is a salaried software engineer in Bengaluru, looking for same day loans India to cover a planned home expense. She checks her Bajaj Finance Insta Personal Loan offer using her mobile number and OTP and receives a pre-approved limit of Rs. 8 lakh. She selects Rs. 2.5 lakh for a 24-month tenure and receives the funds in under 30 minutes, without visiting a branch.

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Documents required for same-day personal loan

The documentation needs may vary based on the lender and your profile. It is recommended to have following documents handy when you apply for an Insta Personal Loan:



Document CategoryAccepted Options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt

With Insta Personal Loan, select customers can get the funds they need without even needing to submit any documents. Check the eligibility criteria and documents required for Insta Personal Loan.


It is important to note that while same-day personal loans provide immediate relief, borrowers should exercise caution and understand the terms and conditions thoroughly before availing a loan. Interest rates and repayment terms may vary, and it is crucial to choose a reputable lender with transparent policies.


In conclusion, same-day personal loans offer a quick and efficient solution to address urgent financial needs. As technology continues to advance, these financial tools are likely to become even more accessible, providing individuals with the support they need, precisely when they need it.


Check your Insta Personal Loan offer

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Things to know before taking a same-day personal loan

A same-day personal loan can help cover urgent expenses, subject to eligibility and verification. Before choosing the Bajaj Finance Insta Personal Loan, borrowers should review the interest rate, repayment terms, applicable fees and eligibility criteria.


  • Check the loan amount: Choose a loan amount that meets the immediate financial need without creating an unnecessary repayment burden.
  • Review the interest rate: Understand the applicable interest rate and how it affects the total borrowing cost.
  • Choose a suitable tenure: Select a repayment tenure that keeps the monthly EMI manageable. A longer tenure may reduce the EMI but increase the total interest payable.
  • Understand the charges: Review the processing fee and other applicable charges before accepting the loan offer.
  • Check the disbursal timeline: Disbursal depends on eligibility, document verification and applicable terms. The actual timeline may vary.
  • Review the eligibility criteria: Check the income, credit profile and other requirements before proceeding. Meeting the stated criteria does not guarantee approval.
  • Plan the repayments: Ensure the EMI fits within the monthly budget alongside existing financial commitments.

Before accepting a Bajaj Finance Insta Personal Loan offer, review the loan agreement and repayment schedule carefully. Borrow only what is needed and ensure that repayments remain affordable.

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Frequently asked questions

Overview

Will I have to pay a processing fee to avail of a same-day loan?

There is a processing fee associated with our Insta Personal Loan. Please read the fees and charges carefully before applying for one.

The minimum CIBIL score required is 650. A higher score improves your chances of approval and attractive offers. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.

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. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.

You can get a same-day loan in India through Bajaj Finance if you have a pre-approved or pre-assigned Insta Personal Loan offer. Check your offer online using your mobile number and OTP, choose the full approved limit or a lower amount, and complete the required verification to receive the funds.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000