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

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

Apply for a Rs. 20,000 instant loan quickly and conveniently through a dedicated mobile app using just your smartphone.

You may be eligible for a pre-approved offer

Enter mobile and OTP | Check offer | No branch visit needed

In summary

Many users look for a Rs. 20,000 instant loan app for quick financial support. Through the Bajaj Finance app, eligible borrowers can conveniently check loan offers and apply online for personal loans ranging from Rs. 40,000 to Rs. 55 lakh. The app offers a simple digital process, flexible repayment options, and easy loan management from anywhere.

Show More Show Less

With just a few taps on your smartphone, you can now check your eligibility and apply for a personal loan online using a dedicated app.


In today's digital age, accessing financial services has become more convenient than ever, thanks to mobile applications. For example, you can use the Bajaj Finance app to explore personal loan offers from the comfort of your home. While many users search for a Rs. 20,000 instant loan app, Bajaj Finance offers personal loans ranging from Rs. 40,000 to Rs. 55 lakh for eligible applicants.


Apps like these simplify the borrowing process with a user-friendly interface that guides you through the application easily. Typically, you need to download the app, create an account, and enter basic personal and financial information along with your preferred loan amount and repayment tenure.

Show More Show Less

Here is how you can apply for a personal loan on the app

Step 1: Download the Bajaj Finance app

Download the Bajaj Finance app from the App Store or Play Store.

 

Step 2: Log in to the app

Sign in using your registered mobile number and complete the verification process.

 

Step 3: Navigate to the personal loan section

Go to the personal loans section available within the app.

 

Step 4: Choose loan amount and tenure

Select the loan amount and repayment tenure based on your requirement and eligibility.

 

Step 5: Submit the required documents

Upload the necessary KYC and income-related documents online.

 

Step 6: Review and submit the application

Check all the entered details carefully and submit your application.


A representative will then contact you regarding the next steps in the process.

Show More Show Less

Benefits of using a personal loan app

  • Accessibility: Access loans anytime, anywhere

    One of the key benefits of using a personal loan app is the convenience it provides. You can check offers, apply online, and manage your application directly from your smartphone, whether you are at home, at work, or travelling.


  • Speed: Quick application and disbursal process

    One major advantage of digital loan applications is faster processing. Eligible applicants may receive quick approval and disbursal, helping manage urgent expenses without lengthy procedures.

     

  • Convenience: Minimal documentation and simple process

    The application process is designed to be simple and hassle-free. Most applicants only need basic KYC documents, income proof, and bank account details to complete the process online.

     

  • Flexibility: Multiple repayment tenure options

    Personal loan apps offer flexible repayment options, allowing borrowers to choose suitable repayment tenures based on their monthly budget and financial comfort.

 

Personal loan options for different financial needs

A personal loan can help manage different planned and urgent expenses, including:


  • Medical emergencies
  • Travel expenses
  • Wedding costs
  • Education fees
  • Home renovation
  • Lifestyle purchases
  • Family-related expenses

Depending on eligibility, borrowers can apply for personal loans ranging from Rs. 40,000 to Rs. 55 lakh through the Bajaj Finance app.

 

Show More Show Less

Why many borrowers prefer app-based personal loans

One of the biggest advantages of using an app for a personal loan is the convenience of completing the process digitally. Unlike traditional loan applications that may involve branch visits and lengthy paperwork, app-based applications help simplify the process.


Bajaj Finance app also allows users to check offers, upload documents, track applications, and manage loan-related services in one place.

Show More Show Less

Things to remember before applying

Before applying for a personal loan online, borrowers should carefully review the loan terms, repayment tenure, interest rate, and EMI amount. It is important to borrow responsibly and choose an EMI that fits comfortably within your monthly budget.


Using a personal loan EMI calculator can also help estimate repayments and support better financial planning.

Show More Show Less

Download the Bajaj Finance app today

The Bajaj Finance app offers a simple and convenient way to explore personal loan offers online. From checking eligibility to completing the application digitally, the app helps make the borrowing experience smoother for eligible applicants.


Download the Bajaj Finance app today to check your personal loan offer and manage your financial needs with ease.

Show More Show Less

Instant personal loan for different budgets

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% p.a.

Processing fees

Up to 3.93% 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)

Will be deducted upfront from loan amount.

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:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

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.


Flexi Hybrid Term Loan:

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 feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp 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.

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