All about pre-approved loans

Here is all you need to know about our Insta Personal Loan.
All about pre-approved loans
3 min read
6 Jan 2023

Pre-approved loans are like regular loans, with the exception that you do not have to go through a regular application process to get them. Instead, it is the other way around — the lender is making you an offer.

These loans are usually for customers who have already borrowed money from a lender and have a strong credit history. This means that the loan is easy to get and does not take long to process. The money is transferred to your bank account without much delay.

Our latest offering, Insta Personal Loans, is designed with the pre-approved loan factor in mind. Insta Personal Loans are essentially instant personal loans. These loans cater to the unique requirement of people who may need quick access to funds at any given point in time.

Features of our Insta Personal Loan

Pre-approved offers/ pre-assigned limits

No need to fill out the whole application process to find out how much of a loan you can get. Existing customers get a pre-approved offer, which means they are already qualified to receive a loan of that amount. New customers can check their pre-assigned limit by simply entering their mobile number and OTP.

Immediate processing

We were inspired by the international airport's green channels while designing our Insta Personal Loan. In most cases, you can get the loan amount transferred to your account in as little as 30 minutes*.

Flexible loan tenures

We offer repayment options ranging up to 63 months. As part of the process, you can select the tenure that best suits you.

No hidden charges

You can read our fees and charges on this website and our loan documents. There are no hidden charges.

You can read more about Insta Personal Loan and check your offer by visiting the link below.

Check Offer

Frequently asked questions

What is the difference between a pre-approved loan and a regular loan?

In a pre-approved loan offer, the lender has already checked your profile for creditworthiness and extended you an offer. In a regular loan, you typically have to apply and meet several eligibility criteria before getting the approval.

What is the maximum limit of pre-approved offer I can get?

With a Bajaj Finserv Insta Personal Loan, you can get offer of up to Rs. 12,76,500.

Can you make part-prepayments for Insta Personal Loan?

Yes, you can make part-prepayments for an Insta Personal Loan. The part-prepayment should be more than 1 EMI, and there is a small fee charged for it.

What are the interest rates applicable for Bajaj Finserv Insta Personal Loan?

Interest rates for Insta Personal Loans start from 13% p.a. to 38% p.a.

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*Terms and conditions apply