Highlights
- Insta Loan can get money in your account really fast
- Know how to avail the Insta Loan service using online banking
In a world where nothing is certain, financial emergencies can creep anytime to haunt you. At that moment, even your dear ones who used to care for you before can sway away from providing any help, leaving you in utter despair. But not the banks that have Insta Loan ready for you to grab and resolve the financial emergency you can get stuck with. By the term, it clearly means the loan would get credited to the account instantly, much unlike the regular loans that take around 3-4 days to get disbursed. Actually, it’s a pre-approved loan amount based on your relationship with a particular lender. There are several banks that offer this facility. Check out now who are they.
Insta Loan Available at These Lenders
You can get an instant loan at the following banks
- HDFC Bank
- ICICI Bank
- Bajaj FInserv
What to Do at HDFC Bank for Insta Loan?
Call the customer care executive of HDFC Bank on – 1800 22 4060, 1800 22 1006 or 1800 425 4332 to know whether the private lender has a pre-approved loan for you or not. You can even login to net banking and visit the nearest bank branch to check the pre-approved loan offer. If you are eligible for such a loan, apply for it and get that credited instantly to your bank account.
Get Insta Loan at ICICI Bank ATMs
Visit the nearest ICICI Bank ATM and press pre-approved loan offer. A specific loan amount, based on your eligibility, would appear on the screen. Then, you need to accept the auto populated interest rate, equated monthly installment (EMI), processing fee. The terms and conditions will flash on the screen subsequently. You need to read those carefully before confirming them. Afterward, you shall enter the debit card PIN to get the money transferred to your account instantly.
Steps Required to Avail Insta Loan at Bajaj Finserv
You first need to visit the official website of Bajaj Finserv to know whether you are eligible for a pre-approved loan or not. You need to enter your mobile number, e-mail ID and loan amount required. Afterward, the loan amount you are eligible for will flash on the screen.
Let’s check out in the table below to find out other details pertaining to Insta Loan at these lenders.
| Banks | Loan Amount (In ₹) | Response Time | Interest Rate (In % p.a.) | Processing Fee (In ₹) | Tenure | Mode of Application |
|---|---|---|---|---|---|---|
| HDFC Bank | Up to 40 lakhs | 4 Hours | 10.99-20.99 | 1999 | Up to 5 Years | Online, Branch |
| ICICI Bank | Up to 15 lakhs | Instant upon application | 10.99-18.49 | Up to 2.25% of the loan amount + applicable GST | Up to 5 Years | ATM, Mobile Banking Application, Branches |
| Bajaj Finserv | Up to 25 lakhs | Within 24 Hours | 10.99-16 | Up to 2% of the loan amount | Up to 5 Years | Online |
Having a Credit Card? These Banks Have Insta Loan Ready for You
An instant loan can be provided against the credit card limit you may have. Let’s check out, without any further delay, the banks that offer this and several other details pertaining to it.
| Banks | Interest Rate | Loan Amount Offered (In ₹) | Disbursal Mode | Repayment Mode | Maximum Tenure | Fees & Charges |
|---|---|---|---|---|---|---|
| HDFC Bank | To be specified on a call | Decided on the basis of your credit card repayment track, income and several other factors | Credited to HDFC Savings Bank Account or A DD or cheque in favour of the applicant’s name as per HDFC Bank Credit Card records | Via EMI | Up to 4 years | Processing fee as applicable +18% GST |
| Axis Bank | Specified on a call and applied on a monthly reducing balance basis | As decided by the bank | To be transferred directly to Axis Bank savings account | Via EMI | Up to 4 years | 1.5% of the loan amount offered or ₹500, whichever is higher |
| ICICI Bank | As specified by the bank | As decided by the bank | To be disbursed to your ICICI Bank savings account | Via EMI | Up to 4 years | As applicable |
| Kotak Mahindra Bank | As specified by the bank | Up to 5,00,000 | To be transferred to Kotak or any other bank’s account | Via EMI | Up to 4 Years | As applicable |
| Citibank | As specified by the bank | As decided by the bank | To be transferred via DD | Via EMI | Up to 4 Years | As applicable |
| IndusInd Bank | As specified by the bank | Maximum loan would depend on the unutilized credit limit plus other factors. However, the minimum loan to be offered on credit card amounts to 5,000 | To be credited to savings bank account | Via EMI | As applicable | 2.5% of the loan amount or 250, whichever is higher, plus the first EMI |
What are These Insta Loans on Credit Card All About?
Well, they are nothing but a pre-approved loan on your unutilized credit card limit. The loan amount to be offered will be blocked against the credit limit left. So, you need to check your eligibility for the same.