Instant Personal Loan without Documents

Your credibility and borrowing behaviour has a significant bearing on whether or not you can borrow a loan. Follow these steps for personal loan approval without documents.

• Repay existing dues on time
  Lenders look for your creditworthiness, which is a product of faultless repayment history. If you default on payments, it will show the lender that you are irresponsible with credit. So pay credit card bills and loan EMIs on time and avoid defaults or delayed payments at all costs. You can use our personal loan EMI calculator to plan your loan repayment journey wisely.
  

• High CIBIL Score
  A score of 685 or higher is essential for unsecured loan approval, so ensure that your credit behaviour builds your score and does not diminish it.
  
  
• Debt-to-income ratio
  A debt-to-income ratio of 50% or less is required for loan approval without documents. The lower the ratio, the greater your disposable income and repayment abilities are. This will also establish you as a low-risk borrower.
  
  
• Relationship with lender
  In many cases, a long-standing relationship with the lender can help you get a pre-approved personal loan without any documents in India, along with better terms and a competitive personal loan interest rate.
  

Who can get an instant personal loan without documents?

Select existing customers of Bajaj Finance Limited looking for an urgent cash loan without documents such as income proof and bank statements, can consider our Insta Personal Loan. Depending on their profile, new customers may need to submit additional documents.

Features and advantages of getting an instant loan without documents

1. Easy application – Since an Insta Personal Loan is a pre-approved offer, the application process is easy and smooth. You can fill the application form in little to no time, and get your loan processed quickly.

2. Quick disbursal – Getting a personal loan without documents speeds up the disbursal process since you are already approved. You can get our Insta Personal Loan in as little as 30 minutes* to 4 hours.

3. Convenient tenures – You can repay our Instat Personal Loan comfortably up to 96 months.

*Terms and conditions apply

Eligibility criteria for a paperless personal loan

Our Insta Personal Loan provides pre-approved offers to existing customers. New customers can also generate a pre-assigned limit by entering their mobile number and OTP. Since we check the creditworthiness of borrowers before extending offers, you do not have to check any eligibility criteria separately. The age limit for getting an Insta Personal Loan is 21 years to 80 years*.

For our regular personal loan, the eligibility criteria are as follows:

• Nationality: Indian
• Age: 21 years to 80 years*.
• Employed with: Public, private, or MNC.
• CIBIL Score: 685 or higher.
• Monthly salary: Starting Rs. 25,001, based on the city you live in.

*Higher age limit applicable at the time of loan maturity.

How to apply for a personal loan without documents?

If you require instant access to funds, our Insta Personal Loan is the best option for you.

• You can check your pre-assigned limit by simply entering your mobile number and OTP
• You will see a pre-assigned limit
• You can choose to go with the offer or a lower amount
• You can fill the rest of the form, select the tenure that suits you best and complete the application

The process may vary depending on your profile. Some of our existing customers don’t even have to submit documents. New customers, however, may be asked to submit additional relevant documents based on their profile.

Now, that you know the Bajaj Finserv Personal Loan application process, you can apply for it in minutes and get the loan amount of up to Rs. 40 lakh. Optionally, you can also check your pre-approved personal loan offer, which requires zero to no documents.

Read more: How to check credit score