Use an app to get a Rs. 20,000 instant loan

With just a few taps on your smartphone, you can now apply for a loan of Rs. 20,000 using a dedicated app.
Use an app to get a Rs. 20,000 instant loan
5 min read
03 February 2024

In today's digital age, accessing financial services has become more convenient than ever, thanks to the proliferation of mobile applications. With just a few taps on your smartphone, you can now apply for a personal loan of Rs. 20,000 using a dedicated app.

For example, you can use the Bajaj Finserv app to get our Insta Personal Loan from the comfort of your home. Apps like these streamline the borrowing process, offering a user-friendly interface that guides you through the application with ease. Typically, you will start by downloading the app from the App Store and creating an account. Once registered, you will input some basic personal and financial information, along with the desired loan amount and repayment term.

Here is how you can apply for a Rs. 20,000 instant loan on the app

Step 1: Download the Bajaj Finserv App.

Step 2: Log in to the app.

Step 3: Navigate to the personal loans section.

Step 4: Choose loan amount and tenure.

Step 5: Submit the required documents.

Step 6: Review and submit the application.

A representative will then contact you to proceed with the application.

Benefits of using a Rs. 20,000 loan app

Accessibility: Access to instant loans anytime, anywhere

One of the key benefits of using a Rs. 20,000 loan app is the accessibility it provides. With just a few taps on your smartphone, you can apply for a loan and get instant approval, regardless of your location. This means you can access funds whenever you need them, whether you're at home, at work, or on the go.

Speed: Quick application and disbursal processes

Another significant advantage of using a Rs. 20,000 loan app is the speed at which loans are processed and disbursed. Unlike traditional banks that may take days or even weeks to approve a loan, these apps offer quick application processes that can be completed in minutes.

Convenience: Minimal documentation and hassle-free application

Applying for a loan through a Rs. 20,000 loan app is incredibly convenient. These apps typically require minimal documentation, eliminating the need for lengthy paperwork. Additionally, the application process is simple and user-friendly, making it easy for anyone to apply for a loan, even if they are not tech-savvy.

Flexibility: Multiple tenure options for repayment

Rs. 20,000 loan apps offer flexibility when it comes to repayment. They typically offer multiple tenure options, allowing you to choose a repayment schedule that suits your financial situation.

One of the key advantages of using an app to get a personal loan is the speed of approval and disbursement. Unlike traditional lending institutions that may take days or even weeks to process a loan application, these apps often promise quick approval and disbursal of funds. In many cases, you can expect to receive the loan amount in your bank account within hours, if not minutes, of approval.

However, it is essential to exercise caution when using these apps and to read the terms and conditions carefully. While they offer convenience and speed, you need to read the terms and conditions to assess the total cost of borrowing. Therefore, it is crucial to borrow responsibly and ensure that you can comfortably afford the repayments before proceeding with the loan application.

Download the Bajaj Finserv app today for a smooth personal loan application experience.

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

What are the benefits of using a Rs. 20,000 instant loan app?

Using a Rs. 20,000 instant loan app offers benefits like quick access to funds, fast approval and disbursal processes, minimal documentation, and flexible repayment options, making it convenient for urgent financial needs.

How can i get a Rs. 20,000 instant loan?

You can easily get a Rs. 20,000 loan if you meet the eligibility criteria and submit the required documents. You only need to follow the below steps to get our Insta Personal Loan.

  1. Click on ‘CHECK OFFER’ on this page.
  2. Enter your 10-digit mobile number and OTP.
  3. Go with the pre-assigned limit or choose a different loan amount.
  4. Choose a repayment tenure that suits you best.
  5. 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.

What documents are required to apply for a Rs. 20,000 instant loan through the app?

You typically require the following documents while applying for a loan:

  • PAN card
  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job 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
Can I apply for multiple loans simultaneously using the app?

You can have multiple loans at the same time. However, please note that it may impact your CIBIL Score.

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