An Insta Loan by Piramal Finance is very useful in today's fast-paced world, where people often need quick funds for urgent or unexpected expenses. This loan, also known as insta personal loan, offers a quick and easy solution for those needing immediate funds. The application process for Insta Loan with Piramal Finance is simple and can be completed online; disbursal is quick and convenient. Hence, it is one of the best loans for the urgent requirements.

How to get an Insta Loan on the same day?

You can easily apply for an insta loan at Piramal Finance. Simply follow these steps:

  • Step 1:Click on Apply Now and start your Insta Loan application
  • Step 2:Enter your mobile number linked to your bank account
  • Step 3:Enter the OTP received on your mobile number
  • Step 4:Enter the required document and verify the same
  • Step 5:Bank account verification
  • Step 6:Income Verification
  • Step 7:After completing the final process within 24 hours, the insta personal loan amount will get credited to your verified bank account.

After completing the final process within 24 hours, the insta personal loan amount will get credited to your verified bank account.

Key Features & Benefits of the Insta Loan

Insta loan is designed to provide quick funds to borrowers. These features and benefits at Piramal Finance that aims to streamline the customer journey with us are as follows:

Digital Loan Processing

You can use the Piramal Finance website anytime, anywhere, to apply for an insta personal loan within minutes. Due to fast, seamless online verification process, your insta loan amount gets disbursed on the same working day.

Digital Documentation

It can consume a lot of time to collect and manage all the requisite paperwork until the loan procedure is complete. With Piramal Finance digital personal loan, there’s minimal documentation requirement – which becomes paperless for more convenience – and real-time verification.

No Need For Collateral

Piramal Finance does not need collateral for an insta personal loan. We understand that emergencies can happen to anyone and thus avoid any time-consuming aspect that can slow down the loan disbursal. We also provide loan to people with a low credit score.

Affordable Interest Rate & Flexible Tenure

The interest rate for an insta loan at Piramal Finance is starting at 12.99*%pa, which is both reasonable and competitive. The low-interest rate makes your EMI lesser and more convenient to repay. Furthermore, we offer a maximum loan repayment term of five years, which can be extremely beneficial in terms of obtaining low EMIs and balancing your finances.

Fees and Charges

Get Insta Loan at competitive fees & interest rate. Below is a table of our fees and charges –

Features and FeesDetails
Interest Rates12.99%* p.a. onwards
Loan Amount₹ 25,000 to ₹ 5,00,000
Processing FeesUp to 5% plus applicable taxes
Loan Tenure3 - 60 months tenure
Prepayment Charges ₹ 0
Foreclosure Charges₹ 0
Stamp DutyAt actuals (as per state)
Cheque Bounce Charges₹ 500 plus applicable taxes
EMI Bounce Charges₹ 500 plus applicable taxes
EMI Pickup/Collection Charges₹ 250 per visit plus applicable taxes
Cash Collection Charges1% of collection amount of Rs. 50000 and above in cash + taxes
Change of Loan Repayment Mode₹ 500 plus applicable taxes

Factors Responsible for Insta Personal Loan Interest Rate

Age:

You must be at least 21 years old to be eligible to apply for a personal loan. However, the maximum age at which a person can apply for an instant personal loan is 58 years. Usually, younger applicants can repay loans better than older applicants because of their higher repayment capacity. Consequently, a younger applicant is eligible for a lower interest rate than an older applicant.

Credit Score:

Individuals employed in public sector enterprises and private sector firms are deemed suitable for an insta personal loan. People with stable income and job security get lower interest rates compared to others.

Employment Status:

Individuals employed in public sector enterprises and private sector firms are deemed suitable for an insta personal loan. People with stable income and job security get lower interest rates compared to others.

Work Experience:

To be eligible for a loan, you must have a regular income and have worked for at least two years. The greater your professional experience, the higher your ability to repay the loan, and the lower your interest rate.

Documents Required for Availing an Insta Personal Loan

When applying for an insta personal loan, you need to submit some essential documents to validate your ID, address and income. This table outlines all the documents required for availing the loan:

Document TypeFor Salaried Individuals
Photo ID ProofVoter ID card, Pan Card, Passport, and Aadhar Card
Residence Address ProofVoter ID card, Passport, Aadhar Card, Driving License, Utility Bills
Office Address ProofNot Applicable
Income ProofBank account statement of salary account, salary slip of the last three months, Form 16

அடிக்கடி கேட்கப்படும் கேள்விகள்

What is an Insta Personal Loan?
piramal faqs

What is the Credit Score required to get Insta Loan?
piramal faqs

Is it possible to foreclosure or prepay an Insta Loan?
piramal faqs

When should I take Insta Loan?
piramal faqs

What is the mode of Loan Payments for Insta Personal Loan?
piramal faqs