In today’s fast-paced digital era, access to credit has become more seamless with the rise of the small loan app market in India. Platforms like the Bajaj Finserv mobile app act as an instant short term loans app, enabling users to apply for quick funds from the comfort of their homes, with minimal paperwork and fast approvals.
Features of a short-term loan app
Round-the-clock availability
Unlike traditional brick-and-mortar banks that operate within fixed hours, the best short-term loan apps are accessible round-the-clock, catering to users' needs at any time.
Online 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, short-term 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
Short-term loan apps generally require minimal documentation, often limited to basic identity and income verification.
Documents required to apply on a short-term loan app
Depending on their profile, select customers can get our Insta Personal Loan without needing to submit any documents. Some customers may have to submit basic documents. It is a good idea to keep the following documents handy when applying for a loan:
- 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
Short-term loan app EMI calculator
Use our Insta Personal Loan EMI Calculator to figure out the monthly instalment you need to repay the loan. All you need to do is input your loan amount, tenure, and interest rate. The calculator will provide you with instant and accurate results as to the EMI you will need to repay the loan. You can then choose a loan amount that suits your repayment budget.
How to apply for an emergency personal loan through the app
A step-by-step guide to using the Bajaj Finserv personal loan app:
- 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. - Access the personal loan section
Locate the personal loan section within the app interface. - Select loan amount and tenure
After confirming your eligibility, the short-term 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. - 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. - 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.
Conclusion
In essence, using the best online loan app or a trusted short term loan app ensures faster access to credit while maintaining transparency, security, and a hassle-free borrowing experience in today’s digital landscape.
Download the Bajaj Finserv app from the App Store
*Terms and conditions apply.
