Overview
Features
Eligibility
How to Apply
Fees and Charges
FAQ

Insta Personal Loan

Get cash in 30 minutes* | No documents required | Online process

4.8

We have created a service wherein salaried and self-employed individuals with a valid mobile number can check for an Insta Personal Loan offer. You can get this information simply by entering your mobile number and OTP. These offers come with pre-assigned limits. However, we may need additional documents to complete the Insta Personal Loan process.

Insta Personal Loan

Get cash in 30 minutes* | No documents required | Online process

4.8

Key features

Watch Video ‌

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Cash in 30 minutes*

After submitting your application, you can expect funds in your account within 30 minutes*

Flexible Repayment Options

Freedom to choose from flexible repayment tenures of up to 63 months

Simple online process

Complete your application online in minutes. It's simple and straightforward.

No hidden fees

All fees and charges are clearly listed in the Fees & Charges section. There are no hidden fees

Key features

Watch Video ‌

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Disbursal in 24 hours*

Your loan amount will be credited to your account within 24 hours* of application approval.

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Flexible tenures

Plan your loan repayment and choose tenure that suits you best.

No collateral

You do not need any collateral or guarantor to get your loan.

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No hidden fees

All fees and charges are clearly listed in the Fees & Charges section. There are no hidden fees

Calculate your instalment

Features and benefits of Insta Personal Loan

Features and benefits of Personal Loan

Pre-assigned limits
No need to complete the entire application process to know how much loan you will get.
Check offer
You can check your Insta Personal Loan offer by entering your mobile number and OTP.
Immediate processing

Our Insta Loans work like a green channel, requiring no documentation, and the money will be credited to your bank account within a short time of application.
Flexible loan tenures
Manage your loan repayment with options ranging from 84 months to 87 months.
No hidden charges
You can read our fees and charges on this page and on our loan documents. There are no hidden charges.

*Terms and conditions apply.

Still haven’t found what you are looking for? Click on any of the links at the bottom of this page.

Understanding Insta Personal Loan

If you are an existing customer
Our existing customers enjoy the benefits of pre-approved loan offers. These offers come with pre-assigned limits. You don’t need to complete an application to know how much loan you are going to get. You can get this information by entering your mobile number and OTP.

If you are a new customer
We have created a service wherein anyone with a valid mobile number can check for an Insta Personal Loan offer. These offers come with pre-assigned limits. However, we may need additional documents to complete the Insta Loan process.

If you don’t see an offer
In the above cases, if you do not see an Insta Loan offer or need a higher loan amount than the pre-assigned limit, you have the option to go through our regular online application process that takes approximately 6 minutes.

A loan for all your goals
Since our Insta Personal Loan comes with freedom of usage, you can utilise the funds to manage a wide range of expenses, including higher education and wedding.

Pre-approved offers and quick disbursal make it an ideal option to manage urgent needs such as a medical emergency or home repairs.

Check your offer today and manage your financial expenses without stress.

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Eligibility criteria and documents required

Anyone can opt for our Insta Loans online. Your eligibility and documentation requirement depends on whether you are a new customer or have an existing relationship with us.

Features and benefits of Personal Loan

If you are an existing customer

Since you are an existing customer with a pre-approved offer, there are no additional eligibility criteria that apply to you. Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, and bank statement to get an Insta Loan.

If you are a new customer

Customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide additional documents. The documentation and application process may differ slightly.

Documents required

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
Real-time image / photograph
Ration card

Age: 21 years to 80 years*
*Higher age limit applicable at the time of loan maturity.

How to get an Insta Personal Loan

Anyone can opt for our Insta Loans online. Your eligibility and documentation requirement depends on whether you are a new customer or have an existing relationship with us.

Features and benefits of Personal Loan

Step-by-step guide to getting an Insta Personal Loan

Click on ‘CHECK OFFER’ at the top of this page to open our online form.
Enter your 10-digit mobile number and verify your profile with the OTP sent to your phone.
You will see an offer with a pre-assigned loan limit for you. You can either go with it or choose a lower amount.
Select a repayment tenure that suits you best.
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.

Note: Some customers may need to submit additional documents to complete their Insta Personal Loan application process.

Type of fee	Applicable charges
Rate of interest per annum	16% to 32% p.a.
Processing fees	Up to 3.93% of the loan amount (inclusive of applicable taxes)
Documentation charges	Not applicable
Bounce charges	Rs. 700/- per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.
Penal charge	Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount..
Prepayment charges*	Full prepayment: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as of the date of full prepayment. Part-prepayment: Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment. *Foreclosure will be processed post clearance of first EMI
Stamp duty (as per respective state)	Payable as per state laws and deducted upfront from loan amount.
Broken period interest / Pre-monthly Instalment interest	Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If Loan is disbursed on 1st or post 10th of the month: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement Scenario 2: If Loan is disbursed between 3rd and 10th of the month: First instalment will consist of interest for actual number of days.
Annual Maintenance Charge	Not applicable

Frequently asked questions

Overview

Eligibility

Application

What is an Insta Personal Loan?

An Insta Personal Loan is a pre-sanctioned offer; wherein the lender has already evaluated your credit history to check your creditworthiness. Since the initial approval process is already done, Insta Personal Loans are processed faster. However, disbursement of funds may take additional time due to processing, verification procedures, weekends, or public holidays. With a Bajaj Finance Insta Personal Loan, you can expect the money in your account within 30 minutes* under ideal conditions.

Read more about Insta Personal Loans and how to get one.

*Terms and conditions apply.

What are the advantages of an Insta Personal Loan over a regular loan?

Bajaj Finance Limited offers Insta Personal Loans to its existing as well as new customers. The benefits of choosing an Insta Personal Loan include:

Faster processing: You do not need to go through a lengthy approval process associated with regular loans.
Instant funding: Since you are screened for your creditworthiness beforehand, the loan disbursal process is significantly shortened. You can get the funds you need in as little as 30 minutes*.
Flexible tenures: With Insta Loans, you can pick a convenient repayment tenure ranging up to 87 months.
Minimal documentation: Insta Personal Loans require minimal documentation for loan processing.

Click here to know all about our Insta Personal Loan.

*Terms and conditions apply.

How long does it take to get an instant loan?

Instant loans are disbursed quickly. You can get our Insta Personal Loan in as little as 30 minutes* to 4 hours.

*Applicable for select customers.

What are the interest rates for Insta Loans?

The interest rate for a Bajaj Finance Insta Personal Loan ranges from 16% to 32% p.a.

Can I get a top-up loan on my existing instant personal loan?

Yes, you can get a top-up loan on an existing instant personal loan. Please note that having multiple personal loans can impact your credit score.

Do I need any documents to get an Insta Personal Loan?

Minimal documentation is one of the most significant advantages of Insta Personal Loans, and in some cases, you might not even need to provide any documents. In case you are asked for documents, you will only need 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

Read more on eligibility criteria and documentation.

Do I need to check my credit score before obtaining an Insta Personal Loan?

We look at several parameters before preparing your Insta Personal Loan offer, including your credit score, financial history, income details and more. Since we verify your credit score, you do not need to be aware of your score before checking your pre-approved loan offer.

What is the minimum and maximum instant personal loan I can take?

You can get our Insta Personal Loan from Rs. 20,000 to Rs. 12,76,500.

How can I check my Insta Personal Loan offer?

You can check your offer using the following steps:

Click on ‘CHECK OFFER’.
Enter your 10-digit mobile number and OTP.
Once verified successfully, your pre-approved personal loan offer details will be displayed on your screen.

Read more on how your Insta Personal Loan offer amount is decided.

How can I get an Insta Personal Loan from Bajaj Finance?

Getting an Insta Personal Loan from Bajaj Finance is simple. You only need to follow the steps below to get an offer.

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

Check your Insta Personal Loan offer

*Terms and conditions apply.

How do you apply for an Insta Loan online?

Since Insta Loans are immediately disbursed, the application process is usually much simpler. You can check your Bajaj Finance Insta Personal Loan offer by simply entering your mobile number and OTP. You will see an offer with a pre-assigned loan limit. You can either choose to go with it or enter a lower amount. You can then select a repayment tenure suitable for you and proceed with the application.

How to apply for a personal loan instantly?

You can check your Bajaj Finance Insta Personal Loan offer by simply entering your mobile number and OTP. Once you get your offer, you can fill in the rest of the application form within 5 minutes.

How can I get an instant Rs. 50,000 loan?

You can check your Bajaj Finance Insta Personal Loan offer by entering your mobile number and OTP. You can either go with the offer or select a lower amount to proceed with your application.

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What our customers say about us

10 million + Customers

4.9

Playstore Rating

3 million + Reviews

Yash Kumar

Reviewed on 23 Jun 2024

Applying for a personal loan with Bajaj Finance was surprisingly simple. Their service team guided me through the process, and I got the funds in no time!

Kashish Singh

Reviewed on 18 Jun 2024

Getting a personal loan from Bajaj Finance was very easy! I needed some extra funds for my home renovations, and their quick approval process made it stress-free. Highly recommended.

Satakshi Dwivedi

Reviewed on 23 Jun 2024

Thanks to Bajaj Finance, I was able to cover my daughter's education expenses. Their flexible tenure and transparent terms gave me the confidence to choose them over other lenders.

Kunal Prajapati

Reviewed on 12 Jul 2024

The app is incredibly user-friendly, and I received approval and disbursal of funds in no time! I'm grateful for the financial support and would definitely recommend the app to others.

Premchand Sharma

Reviewed on 25 Jun 2024

I was hesitant to take out a personal loan for my wedding, but Bajaj Finance changed my mind. Their simple application process and easy repayment options helped me manage my wedding expenses without any hassle.

Insta Personal Loan

Key features

Key features

Calculate your instalment

Features and benefits of Insta Personal Loan

Understanding Insta Personal Loan

Eligibility criteria and documents required

How to get an Insta Personal Loan

Fees and charges on Insta Personal Loan