DIAGNOSTICS
Specialised diagnostic scans can cost you thousands or even more. A single MRI scan can cost around Rs. 20,000, and in some cases, you may need multiple scans. Add to this the cost of other laboratory tests.
HOSPITALISATION EXPENSES
While your insurance cover may be enough, there is a long list of exclusions such as room upgrades, special meals, doctor visits, dietician visits, and the like.
PHYSIOTHERAPY
Post-operative care may require you to get multiple sessions of physiotherapy that could involve the use of special equipment. Each of these sessions can run into thousands.
Features and benefits of 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
No need to complete the entire application process to know how much loan you will get.
-
All you need is a valid mobile number
You can check your Insta Personal Loan offer by entering your mobile number and OTP.
-
Immediate processing
Our Insta Loans work like a green channel with no documentation required* and money in your account in just 30 minutes*.
-
Flexible loan tenures
Manage your loan repayment with options ranging from 6 to 63 months.
-
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.
-
Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
EMI Calculator
Plan your instalments better.
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
00:49
Fees and charges on Insta Personal Loan
| Type of fee | Applicable charges |
Rate of interest |
13% to 38% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes) |
| Documentation charges | Not applicable |
Bounce charges |
In case of default of the repayment instrument, Rs. 700/- per bounce will be levied. |
Penal interest |
Delay in payment of monthly instalment shall attract penal interest at the rate of 42% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment. |
Prepayment charges* |
Full prepayment: Part prepayment: *Foreclosure will be processed post clearance of first EMI |
Stamp duty |
Payable as per state laws and deducted upfront from loan amount. |
Mandate rejection charges |
Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered. |
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: 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 |
*Part-prepayment should be more than one EMI.
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 35.71% per annum respectively. Part-prepayment and foreclosure charges are NIL.
Understanding Insta Personal Loans
-
If you are an existing customer
Our existing customers enjoy the benefits of pre-approved loan offers. These offers come with pre-assigned limits. You don’t need to complete an application to know how much loan you are going to get. You can get this information by entering your mobile number and OTP.
-
If you are a new customer
We have created a service wherein anyone with a valid mobile number can check for an Insta Personal Loan offer. These offers come with pre-assigned limits. However, we may need additional documents to complete the insta loan process.
-
If you don’t see an offer
In the above cases, 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 less than 5 minutes.
Frequently asked questions
A personal loan that you can quickly obtain in case of medical emergencies is often termed as a medical emergency loan. Our Insta Personal Loan is a pre-sanctioned offer; wherein the lender has already evaluated your credit history to check your creditworthiness.
The approval time differs from lender to lender. In the case of Insta Personal Loans, since the initial approval process is already done, they are processed faster. With a Bajaj Finance Insta Personal Loan, you can expect the money in your account within 30 minutes*.
Read more about Insta Personal Loans and how to get one.
*Terms and conditions apply.
With our Insta Personal Loan, you can get funds up to Rs. 12,76,500.
Minimal documentation is a key feature of Insta Personal Loans, and in some cases, you might not even need to provide any documents. In case you are asked for documents, you will only need the following:
- KYC documents such as Aadhaar, passport, driving license, voter’s ID, or a Letter of National Population Register
- PAN card
- Cancelled cheque
- Bank account statements for the last 3 months
- Salary slips for the last 3 months
You do not have to check the eligibility criteria before applying for our Insta Personal Loan, since we provide pre-approved offers. Just enter your mobile number and OTP to check your offer.
- Click on ‘CHECK OFFER’.
- Enter your 10-digit mobile number and OTP.
- Go with the pre-assigned limit or choose a different loan amount.
- Choose a repayment tenure that suits you best.
- 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.
To get a loan for medical treatment, you can explore options like personal loans, medical loans, or healthcare financing. Compare interest rates and terms, and prepare necessary documents like medical records and income proof for the application process. In urgent situations, you can look at pre-approved offers such as those provided with our Insta Personal Loans.
The eligibility criteria vary from lender to lender. Our Insta Personal Loan provides pre-approved offers, so you do not have to check any eligibility criteria separately.
