Having access to quick and hassle-free funds can be crucial for managing unexpected expenses such as a medical emergency or home repair. However, getting a personal loan usually requires meeting the lender’s strict eligibility criteria, lengthy paperwork, and a long waiting time. This may not be an ideal situation when you need urgent funds. Instant personal loans come handy when you need access to quick funds without any hassles.
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Bajaj Finserv Insta Personal Loan is an excellent option that helps you manage unexpected expenses. This unique product comes with quick disbursal in just 30 minutes* for select customers. Existing customers of Bajaj Finance can get a pre-approved loan offer of up to Rs. 10 lakh, while new customers can also get a pre-assigned loan limit right away by sharing their mobile number and the OTP.
Read on to find out how to get a Rs. 50,000 loan from Bajaj Finance.
Steps on how to get a Bajaj Finserv Insta Personal Loan:
- Visit the Insta Personal Loan page on the Bajaj Finserv website.
- Click the “CHECK OFFER” button on the page to open the online form.
- Enter your 10-digit mobile number and the OTP to verify your profile.
- An offer with a pre-assigned lending limit will now appear on your screen. You have the option of accepting it or selecting a lower amount.
- Choose the loan tenure that works best for you.
- Complete the online form by clicking on “PROCEED”.
The online process may differ depending on whether you are a new or existing customer. Some customers might require additional documentation to complete their Insta Personal Loan application.
A guide to choosing the correct amount for your Insta Personal Loan:
Once you have checked your offer, you can accept the given amount or select a lower amount and proceed with your application. You can use the Insta Personal Loan EMI Calculator to determine the EMI and loan tenure and then choose the loan amount that best fits your budget.
You can reduce your EMI amount by increasing the loan term or opt for a lower cost of borrowing by reducing your tenure. The EMI calculator also provides a detailed breakdown of the principal and the interest amount. Furthermore, you can click on ‘View Repayment Schedule,’ to view your monthly payment breakdown.
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The following are some of the benefits that make Insta Personal Loans a preferred choice:
- Pre-assigned limits:
You can find out how much you can borrow without filling out a long application. A pre-approved loan limit can be made available to an existing customer, and new customers can get their pre-assigned loan limit instantly. Simply enter your mobile number and the OTP to check if you have been approved for an Insta Personal Loan.
- Quick disbursal
Quick and easy, just like the green channel at the airport, Insta Personal Loans are designed to make life easier for the customers. When you choose an Insta Personal Loan, you get funds in your bank account within 30 minutes to 4 hours of your application submission.
- No income verification and no additional fees
Some of our existing customers can get an Insta Personal Loan without submitting any paperwork, such as KYC documents or income proof. The entire process is also open and transparent. All fees and charges applicable to your loan are listed in the loan agreement and on the company’s website. There are no hidden charges.
- Flexible tenures
Insta Personal Loans offer flexible tenures that range between 6 to 60 months. This flexibility enables you to choose a repayment period that suits your monthly budget.
Considering these unique features, the Bajaj Finserv Insta Personal Loan is the go-to solution for customers when dealing with unplanned expenditures. Head to the Bajaj Finance website to check your offer today.
