Features of Instant Personal Loan:
- Multiple pre-approved loans from 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, depending on the lender Bank or NBFC’s processes and offer, along with the applicant’s profile
- Usually, consumers who have a healthy credit profile along with stable income, are eligible for a pre-approved personal loan from Banks and NBFCs with whom they have an existing relationship
- Instant personal loans can be used for any need (marriage, travel, higher education, home renovation, medical emergencies etc.) except speculation
Instant Loan from the Paisabazaar App
Consumers with healthy credit profiles can compare and choose from multiple pre-approved offers on Paisabazaar, and avail the loan instantly through an end-to-end digital process. Paisabazaar runs pre-approved programs with 12+ Banks and NBFCs including Axis Bank, Federal Bank, Aditya Birla Finance, Hero Fincorp, Piramal Finance, Tata Capital etc. Consumers can access instant personal loans through Paisabazaar’s web platform or app.
Lenders | Interest Rates (p.a.) |
Aditya Birla Capital | 12.99% onwards |
Federal Bank | 12.00% onwards |
Axis Bank | 14.00% onwards |
SMFG India Credit | 14.00% onwards |
IndusInd Bank | 15.00% onwards |
Piramal Finance | 16.00% onwards |
Tata Capital | 18.00% onwards |
Hero Fincorp | 20.00% onwards |