Eligibility criteria and documents required
Anyone can opt for our insta loans online. Your eligibility and documentation requirement depends on whether you are a new customer or have an existing relationship with us.
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 to get an insta loan.
Age: 21 years to 80 years*
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. The documentation and application process may differ slightly.
*Higher age limit applicable at the time of loan maturity.
How to get an Insta Personal Loan
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Frequently asked questions
In most cases, you don’t need to submit any documents to get a Bajaj Finserv Insta Personal Loan. However, depending on your profile, you may be asked to submit additional basic documents like:
- 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
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
Knowing your credit score to get our Insta Personal Loan is not necessary because we check your credit score before extending an Insta Personal Loan offer to you.
You do not need to check your Insta Personal Loan eligibility. Existing customers already have a pre-approved offer, while for new customers, we generate a pre-assigned limit by taking multiple criteria in account such as your credit score, repayment history and so on.
You can get a Bajaj Finserv Insta Personal Loan as long as you are between the age of 21 years to 80* years. 80 years or less at the time of loan maturity. Younger applicants generally get a higher loan amount as they have more earning years ahead.
*Terms and conditions apply
The minimum monthly salary requirement for a Bajaj Finserv Personal Loan is Rs. 25,001. It may, however, vary as per the city you live. It is Rs. 30,000 per month for cities like Ahmedabad and Kolkata and Rs. 35,000 per month for cities like Bangalore, Delhi, Mumbai, or Pune.
Our Insta Personal Loan comes with pre-approved offers for existing customers. New customers can generate a pre-assigned limit for themselves. Select customers, depending on their profile, may be able to get the funds without having to submit any documents,
We extend pre-approved offers to select existing customers after checking their creditworthiness. In some cases, you may be able to get funds without having to submit any proofs such as income proof or salary statements.
