When faced with unforeseen expenses like medical emergencies, quick and simple access to finances is essential. However, obtaining a personal loan requires meeting specific eligibility criteria, submitting substantial documentation, and waiting a few days for loan approval which can be unsuitable in emergent situations. An instant loan, on the other hand, provides a practical solution by providing the necessary funds quickly and without unwarranted difficulties.
Lenders such as Bajaj Finance provide Insta Personal Loans, which are a convenient solution for unexpected costs. Certain customers may be able to receive their instant loan in just 30 minutes*. Existing consumers can obtain a pre-approved loan offer of up to Rs. 12,76,500, while new customers can check their pre-assigned loan amount quickly by providing their mobile number and OTP.
Read on to learn how to get an instant loan:
● Visit the Insta Personal Loan page on the Bajaj Finserv website.
● The online form will open when you click the "CHECK OFFER" button on the page.
● Enter your 10-digit mobile number and the OTP to authenticate your profile.
● Your screen will now display an offer with a pre-assigned lending limit. You have the choice of accepting it or entering your preferred amount
● Choose the loan tenure that is most convenient for you.
● Click "PROCEED" to complete the online form.
The online approach will differ based on whether you are a new or returning customer. Certain customers may be required to provide additional documentation to complete their Insta Personal Loan application in particular situations.
Here are some of the reasons that make Insta Personal Loans the preferred choice for customers:
● Pre-assigned borrowing limits
You may check how much you can borrow without having to fill out a lengthy application form. Existing customers can receive a pre-approved loan limit, while new customers can instantly generate a pre-assigned limit for themselves. To check your Insta Personal Loan offer, simply enter the phone number and OTP.
● Immediate processing
Bajaj Finance Insta Personal Loans are inspired by and operate similarly to green channels at airports. There is relatively minimal documentation, and some customers are not required to provide any documents at all. Typically, funds are disbursed within 30 minutes to 4 hours.
● Flexible tenures
Insta Personal Loans have customisable repayment terms ranging from 6 to 63 months. You can select the repayment period that aligns with your repayment capacity.
Here's how to check your Bajaj Finance Insta Personal Loan offer:
A Bajaj Finance Insta Personal Loan is available to everyone. Your eligibility and document requirements will be determined by whether you are a new customer or have an existing relationship with us.
Existing customers:
If you've used the Bajaj Finance EMI Network Card before or have applied for a loan, you may already have a pre-approved loan offer. You only need your phone number. Simply visit the Insta Personal Loan page on the Bajaj Finserv website and click on "Check Offer" to view your pre-approved offer. You will be asked to provide your phone number and a one-time password (OTP) to verify your profile. There may be no paperwork to provide if your loan has already been authorised.
For new customers:
You do not need to be an existing customer to benefit from a Bajaj Finance Insta Personal Loan. Anyone with a valid mobile phone number can check the status of their Insta Personal Loan offer. Some new customers may be asked to present a few documents to verify their details.
You can still apply for a standard personal loan if you do not see a Bajaj Finance Insta Personal Loan offer.
Check your Bajaj Finance Insta Personal Loan offer today to cover your unplanned costs in a hassle-free manner.
Moneycontrol Journalists are not involved in creation of this article.
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