If you’re seeking a quick, hassle-free loan, Bajaj Finserv’s Insta Personal Loan could be your solution. This offer features a competitive interest rate starting at 16% p.a., and you can borrow from ₹40,000 up to ₹15,50,000. Depending on your profile, the loan can be disbursed within 30 minutes. Flexible tenures are available, ranging from 12 to 96 months, making this a strong option for both salaried and self-employed individuals.

How to Apply: Step by Step

• Click the ‘CHECK OFFER’ button online.
• Enter your mobile number and authenticate with the OTP received.
• View your pre-approved loan offer, select your loan amount and tenure.
• Proceed with the online process to finalise your application.

Pros

Fast processing—funds can be credited within 30 minutes for select applicants, and often no paperwork is needed, especially for Bajaj’s existing customers. There are also no hidden charges, and all fees are clearly listed before you accept the offer.

Flexible repayment periods mean you can design your EMI plan to suit your budget. The eligibility process is straightforward, and even if you are a new applicant, approval can be quick with minimal documentation.

Cons

The starting interest rate, at 16% p.a., may be higher than some competing products. Additionally, processing fees and other charges—such as up to 3.93% processing fee—can add to your overall cost.

Some applicants, particularly new customers or those needing a higher limit, may be required to provide extra documents or undergo further checks, which could delay the disbursal.

Our Verdict

The Bajaj Finserv Insta Personal Loan is a compelling choice for those who prize speed, flexibility, and a straightforward online application. If you need funds urgently and value convenience, this offer stands out, particularly for Bajaj’s existing clientele. However, be sure to review the interest rates and processing fees to ensure it fits your financial plans.