Our Insta Personal Loan is available for both salaried and self-employed individuals. You may already have a pre-approved offer. Check now and get money in your account in minutes.
Eligibility criteria and documents required
Anyone can opt for our Insta Personal Loan. Your eligibility and documentation requirement may vary.
If you are an existing customer
Since you are an existing customer with a pre-approved offer, there are no additional eligibility criteria that apply to you. Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, and bank statement.
Age: 21 years to 80 years*
*Higher age limit applicable at the time of loan maturity.
If you are a new customer
Customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide additional documents.
Fees and charges on Insta Personal Loan
| Type of fee | Applicable charges |
|---|---|
| Rate of interest per annum | 16% to 30% p.a. |
| Processing fees | Up to 3.93% of the loan amount (inclusive of applicable taxes) |
| Bounce charges | Rs. 700/- per bounce. “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
| Penal charge | Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
| Prepayment charges |
Full prepayment: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as of the date of full prepayment. Part-prepayment: Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment. |
| Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Frequently asked questions
*Terms and conditions apply.