Paisabazaar runs pre-approved programs with Axis Bank, IDFC First Bank, Federal Bank, Tata Capital, Moneyview, Piramal Finance and others. Consumers having a strong credit profile can compare and choose pre-approved offers offered by these lenders and get instant loan disbursal within minutes of loan application.
Instant Personal Loan on Paisabazaar App: Key Features
- Pre-approved loan offers from multiple banks and NBFCs (for select consumers)
- Processing time is minimum with zero documentation and completely digital processes
- Loans are usually disbursed usually within 24 hours; in some cases, a few minutes
- Consumers who have a healthy credit profile along with stable income, are usually eligible for pre-approved personal loan offers on Paisabazaar
- Instant personal loans can be used for any need (marriage, travel, higher education, home renovation, medical emergencies etc.) except speculation
Why Should One Choose Paisabazaar for Availing Instant Personal Loan
Paisabazaar is a trusted online platform that offers pre-approved instant personal loans through various lenders including Axis Bank, IndusInd Bank, Aditya Birla Capital, Hero Fincorp, Moneyview, etc. The marketplace has earned the trust of over 50 million consumers and offers pre-approved instant personal loans to consumers with a good credit profile. The process requires minimum to no documentation and offers quick approval and instant loan disbursal. The process is paperless and entirely digital.
Paisabazaar offers personal loans to both salaried and self-employed individuals. They can compare the personal loan interest rates and other offers offered by various lenders and opt for the lender that best suits their requirement.
How to take an instant loan via the Paisabazaar App
- Download the Paisabazaar app and login.
- Check your credit score and go to your dashboard to check pre-approved offers
- You can also click on personal loans and fill in the required details
- View curated offers along with their interest rates, processing time, fees and charges, documents required, etc.
- Choose the best-suited offer.
Eligibility Criteria
- The minimum age of the applicant at the time of loan application should be 18 years and the maximum age at the time of loan maturity should be 60 years.
- Select existing customers of banks and NBFCs are eligible for instant personal loans. However, new consumers may also avail pre-approved offers but the loan disbursal is not instant and might take a day or two.
- The minimum monthly income of eligible applicants should be Rs 15,000.
- The applicants having a credit score of 750 and above usually have higher chances of availing instant personal loans through Paisabazaar app
Documents Required
Pre-approved instant personal loans are offered to select existing customers of banks and NBFCs. Since the applicant already has an existing relationship with the lender, he/she need not submit the documents again for assessment.
However, new consumers availing instant personal loans through Paisabazaar platform will have to submit the following documents:
- KYC documents
- Latest salary slips for the last 6 months
- Employment/Business Proof
Get Instant Personal Loan of Different Amounts | |
Rs 1 Lakh Personal Loan | Rs 5 Lakh Personal Loan |
Rs 3 Lakh Personal Loan | Rs 10 Lakh Personal Loan |
Rs 15 Lakh Personal Loan | Rs 50000 Personal Loan |