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Bajaj Finance Insta Personal Loan Highlights |
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| Interest rate | 16%-31% p.a. |
| Loan amount | Up to Rs 15.50 lakh |
| Repayment tenure | 1 year to 8 years |
| Processing fee | Up to 3.93% of the loan amount |
Note: Rates as of 17 June 2025
Bajaj Finance Insta Personal Loan Interest Rates
Bajaj Finance Insta Personal Loan interest rates for pre-approved individuals start from 16% p.a. While Bajaj Finance has not disclosed the differential interest rates for those who qualify for its pre-approved personal loans, lenders usually consider job profile, monthly income, credit score, employer’s profile, etc. of their pre-approved personal loans applicants for setting their personal loan interest rates.
Insta Personal Loan Processing Fees & Other Charges
| Processing Fees | 3.93% of the loan amount |
| Prepayment Charges | Full Prepayment – 4.72% on the outstanding loan amount as of the date of full prepayment (foreclosure is allowed only payment of the first EMI) |
| Part Prepayment – 4.72% of the principal outstanding | |
| Bounce Charges | Rs 700 per bounce |
| Penal Interest | Up to 36% p.a. per instalment from the due date until the date of receipt of the full instalment is made |
| Stamp Duty | As per actuals |
| Annual Maintenance Charges | Not applicable |
| Documentation Charges | Not applicable |
Bajaj Finance Pre-Approved Personal Loan Eligibility Criteria
Bajaj Finance Insta Personal Loan is offered to both salaried and self-employed individuals aged 21 to 80 years. Unlike other Bajaj Finance Personal Loan schemes, Bajaj Finance has not set any specific eligibility criteria for its pre-approved personal loan. However, most lenders offer their pre-approved personal loans to select customers based on their credit score, occupation, income, employer’s profile, etc.
Prospective personal loan applicants can check their eligibility for a Bajaj Finance pre-approved personal loan by visiting its ‘Bajaj Finance Insta Personal Loan’ website and clicking on ‘Check Offer’. They would need to share the basic details such as name, mobile number and OTP. The NBFC claims to disburse pre-approved personal loans within 30 minutes to 4 hours of application.
Documents Required for Bajaj Finance Pre-Approved Personal Loan
Bajaj Finance disburses Insta Personal Loan without or with minimal documentation to its selected customers. However, NBFC may ask to submit additional documents for availing of Bajaj Finance pre-approved personal loan:
- KYC documents such as Passport, Aadhaar, Voter’s ID, Driving License, NREGA job card
- Employee ID Card
- PAN Card
- Bank account statements of the last 3 months
- Salary slips for the last 3 months.
- Photograph