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Rs. 40,000 to Rs. 15,50,000
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When unexpected expenses arise, quick access to funds can make a significant difference. An Insta Personal Loan is a pre-approved personal loan that offers eligible customers a fully digital application process, minimal documentation, and quick approval. Whether it is for a medical emergency, home repairs, travel, education, or other planned expenses, an Insta Personal Loan provides convenient access to funds with flexible repayment options.
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*.
What is an instant loan?
An Insta Personal Loan is a pre-approved personal loan offered to eligible customers. It provides a quick and convenient way to access funds through a fully digital application process with minimal documentation. If eligible, borrowers can complete the application online and receive the loan amount in their bank account within a short time after approval. Before applying, it is important to review the loan terms, charges, and repayment obligations.
Check your pre-approved offer
An Insta Personal Loan is available only to eligible customers with a pre-approved offer. Before applying, check whether you have an offer and review the available loan amount, interest rate, repayment tenure, and other applicable terms.
Borrow as per your repayment capacity
Although an Insta Personal Loan offers quick access to funds, borrowers should choose a loan amount and tenure that suit their monthly budget. Using an EMI calculator can help estimate monthly repayments before accepting the offer.
Understand the interest rates and charges
Read the loan agreement carefully to understand the applicable interest rate, processing fee, foreclosure or part-prepayment charges, and other applicable fees. Reviewing the total borrowing cost helps in making an informed decision.
Keep your details and documents ready
The application process is completed online with minimal documentation. Ensure your KYC details, bank account information, and other required information are up to date to help complete the application smoothly.
Why should you opt for an instant personal loan?
An Insta Personal Loan provides eligible customers with quick access to funds through a fully digital application process. With a pre-approved offer, minimal documentation, fast approval, and quick disbursal after approval, it can help manage planned or unexpected expenses while offering flexible loan amounts and convenient repayment tenures.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Frequently asked questions
Overview
The documents required to apply for an instant loan may vary by lender and the applicant's profile. However, most lenders generally ask for the following:
- 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
- Phone bill
- Real-time image / photograph
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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