What is Instant Personal Loan

There are certain situations when you need immediate financial assistance, and you cannot seek help from your friends and relatives. In such situations, the only thing that can serve you is an instant personal loan. This is an unsecured product that guarantees quick financial help whenever you need it. The loan does not require any collateral or security. A person becomes eligible for an instant personal loan only if he/she has a good credit history. Your loan application can be approved instantly and the loan amount can be credited to your bank within just 24 hours!

Features of Instant Personal Loan

  • Quick disbursal

If you are already an existing customer with your lender, and if your credit reports are good, you can get the loan disbursed in just 24 hours.

  • Minimum documentation

A Pre- approved personal loan comes with an easy and hassle-free process, which requires little or no documentation.

  • Least possible processing time

Instant personal loans are made available to you in the least possible processing time.

  • No security/ collateral

For an instant personal loan, no security/ collateral is required to be submitted by you in the application process.

  • Flexible repayment

Instant personal loan customers, enjoy flexibility in loan repayment which allows you to choose the amount and tenure of the repayment. This makes the entire process very convenient and personalized.

  • Eligibility for Instant Personal Loan

An Instant personal loan or a pre-approved personal loan is generally given to customers who have a favorable credit score, and have repaid their dues on time in the past. It can also be given to customers who have no credit history where parameters like income and savings history are considered at the time of application.

  • Instant Personal Loan Amount and Tenure

As has been elaborated before, the flexible loan repayment scheme offers customers the chance to choose their own tenure and amount of repayment. The maximum amount granted for an instant personal loan is usually Rs. 25 Lakhs, considering your credit history and loan repayment cycle. To repay the loan, you can choose from a flexible tenure ranging from 12 to 60 months which will make the loan repayment process extremely easy for you.

How to Apply for Instant Personal Loan

Step 1: Visit the official site of the lender

Step 2: Fill up the details of the application, like name, mobile number, credit report, etc.

Step 3: Check whether you are eligible for the instant personal loan online facility.

Step 4: Choose the personal loan tenure and amount that you think is perfect for you.

Step 5: Verify your identity through a secured online process.

Step 6: The money will be credited in your bank account in a matter of minutes.

Documents Required for Instant Personal Loan

  • The documents required for instant personal Loan are as follows:

  • Identity Proof: Aadhaar Card/PAN Card/Voter ID

  • Address proof: Aadhaar Card/Passport/Driving License.

  • Bank Statement - Last 3 months.

Know about personal loan on aadhar card.

Eligibility for Instant Personal Loan

Once you meet the following eligibility criteria, you can avail a personal loan within a day and fulfil all your dreams.

  • You must be a citizen of India.

  • You must be a salaried employee.

  • You should be in the age range of 21 -65 to avail an instant personal loan.

Calculate personal loan eligibility with personal loan eligibility calculator.

Instant Personal Loan Interest rates and fees

Avail a personal loan with enjoy complete transparency. There are no hidden charges at all. We offer personal loans with low fees, competitive interest rates and nominal charges. You can know more about the interest rate and charges for personal loan.

Why Choose Finserv MARKETS

Applying for a personal loan online on Finserv MARKETS has many distinct advantages. Those include instant approval, minimal documentation, 24-hour disbursal, flexible tenure schemes, and several flattering offers for pre-approved loans that could be availed by a Bajaj customer. There are also no hidden charges levied on you; all the charges payable is informed to you by us while you are signing the loan agreement. There is also an option to reduce your instalments by up to 45 % with interest-only EMIs. Considering all these facilities, Finserv MARKETS is the best possible option for you if you are applying for an instant personal loan in India.

Instant Personal Loan FAQs

  • ✔️What is an Instant Personal Loan?

    Instant Personal Loan is an unsecured product that guarantees quick financial help whenever you need it. The loan does not require any collateral or security.

  • ✔️Where can an instant Loan be used?

    An instant personal loan can be used for a variety of needs like for wedding, travel, home renovation, education or medical emergencies.

  • ✔️How to apply for Instant Personal Loan online?

    Simply visit the official website of the lender, enter the basic details like name, mobile number, choose the loan amount and tenure. Post approval and verification, you can get the loan.

  • ✔️What is the maximum amount of Loan I can get?

    You can avail up to Rs. 25 Lakhs as the loan amount.

  • ✔️Is a PAN card mandatory if I am applying for a quick loan?

    Yes, it is usually mandatory to have a PAN card while applying for a loan.

  • ✔️How will I know if my personal loan has been approved?

    You can visit the website of the lender, go to the 'loan tracking' section. Enter your application or reference number to check whether the loan has been approved or not.

  • ✔️Do Instant loans offer tax exemptions?

    Yes, instant loans offer tax exemptions.

  • ✔️Is part- prepayment allowed on my personal loan?

    You can use the facility of part-prepayment on personal Loans. There will be some charges associated with it.

  • ✔️Will I need a guarantor to take an instant personal loan?

    No, you do not require a guarantor to take an instant personal loan, as it is an unsecured product.

Personal Loan Reviews

Personal Loan Reviews

3.8out of 5

8 reviews

Good choice for loan

This was my first time getting a loan with the Finserv app and i applied for personal loan for self employed. Very very good experience all went smooth and I got the loan amount just in time for my requirement.

App works well

It is an all in one app I applied for instant personal loan with the app and I also used the money manager feature which is very helpful for manage my expenses. Superb!!

Good loan service

The personal loan application process was very simple. I apply for 5 lakh loan with app even the repayment process is very convenient for me. Satisfied with the service.

The best loan app

The instant personal loan app had good features it was easy to use even while travelling. I could easily track my loan status and even got the loan approved. I would definitely recommend.

Quick Loan Process

I apply for a personal loan with the app it was good. I only had to submit few document nd the process was easy an I got the money in my account very fast. Good service...

Personal Loan in an Instant

I availed an instant personal loan at Finserv MARKETS for sister’s wedding. The loan approval was smooth and quick. Also, I was able to get an attractive rate because of my high credit score.

Good Job Finserv MARKETS

Availing a Bajaj Finserv Instant Personal Loan is very convenient. I used the loan amount for my family vacation. The best part about personal loan at Finserv MARKETS is that it has prepayment facility and so I could repay my loan quickly.

Instant Personal Loan

When I first decided to get married, the thought of its expenses worried me. That's when a friend suggested opting for a personal loan on Finserv MARKETS. I could avail this loan at attractive rates that too through a process which is very quick.