Institution | Minimum Loan Amount | Maximum Loan Amount | Minimum Tenure | Maximum Tenure | APR | Fees & Charges |
HDFC Bank | ₹50,000 | ₹4,000,000 | 12 months | 60 months | 10.5% - 21% | Processing Fee - Upto 2.50% + GST |
Insta Loan is an instant online personal loan by Finance Buddha in 180 Cities across India. Now you can apply for a personal loan online and get money in the bank account in as soon as 2 Hours. Anyone can avail an instant loan online from ₹50,000 to ₹50 Lakhs without any physical paperwork. We have a 100% online loan process with instant loan approval. Furthermore, it is one of the fastest personal loans you can get in India. Make use of our online personal loan service and get a personal loan in one day.
Personal Loan is a credit facility provided by the banks and non-banking financial organisations, to satisfy the personal financing needs of the consumer. A lender will provide loan at some interest rate to the customers for a fixed time period. The borrower then uses the loan amount for any personal purpose. The borrower not answerable to the lender about the usage of the personal loan.
Also, personal loans are unsecured loans, which means that there is no need for any kind of collateral to avail them. There is no need to commit anything to the creditor as security. As such, none of your property or asset at risk, should you fail to repay.
Whether you are a self-employed or salaried individual trying to meet both ends, whenever there is an unusual expense like child's marriage, renovation of your home or furnishing, children’s higher education, family holiday, or any other dream to be turned into reality, make use of the personal loans.
In recent years, the banking sector witnessed many changes and the instant loan is such one among other changes. This loan is the change, which was the need of the time.
Ever since the start of banking, the process to apply for a personal loan has been a lengthy process followed with lots of stress, tension and time consumption too. Because of all these reasons, it was very important to introduce a new kind of lending instrument which would be easier for the people to avail.
Instant Personal Loans are the solution to all the above problems and a new age in the domain of lending.
We have brought our experts together with top notch competence, loan management and time management skills to deliver high quality services through our online loans facility. Finance Buddha assist all individuals with various types of loans such as business loan, home loan, personal loan, business loan and more. With the high demand for instant online loans, we have extended our services to this stream. This is to make sure we provide more and more opportunity for those who are keen to take loans for any emergencies. Make use of this online service and get personal loan online today.
Some of the highlighting features and benefits of Instant Loan in India are:
We at Finance Buddha understand that not everybody’s requirement is same and will vary from individual to individual depending on the situation they are facing. Hence, we offer wide range of loan amount starting from ₹50,000 and up to ₹5,000,000 so that you are covered in times of need, whatever it may be.
Emergency situation can arise anytime and the only solution out might be an instant personal loan. But that does not means that you should be overburdened with huge EMIs. As such, we offer tenure up to 5 years so that the EMIs remain bearable.
Desperate times need desperate measures. Emergency situations may not leave you with enough time to run around and arrange the paperwork required for a personal loan. Hence we created a completely online personal loan process, where you can upload all the documents required for Insta Loan from your computer, mobile or tablet, hence saving you a lot of time to focus on other important things.
Finance Buddha Insta Loan offers instant loan approval, and loan disbursal within 2 hours of applying (provided that you are eligible and complete all the steps required immediately). Since the process is completely online, we have all the required information once you successfully apply and our proprietary algorithm will run in the background to process your personal loan application.
As soon as all the information provided by you is verified and all the steps required have been completed, you will receive the loan amount instantly in your account.
Online personal loan process does not means higher interest rates. Avail personal loans at the rate you deserve, as per your requirement and eligibility.
Finance Buddha Insta Loan is a completely online, quick and hassle free process, right from the applying online to disbursal, we strive hard to disburse the loan amount in the account as soon as the personal loan application is processed and approved. This makes Insta Loan your preferred option for emergency scenarios where there is an urgent requirement of money.
The minute you decide to take an Insta Loan, visit Finance Buddha website and simply fill the easy application form online. Once you submit the form, the details provided by you will be scrutinized internally by saving your time and effort and will let you know if you are eligible for an instant loan and the best offer available for you. Your loan application will be processed and disbursed in 2 hours.
The 5 simple steps are:
Eligible Criteria |
Salaried |
Self-employed Professionals |
Age (Min-Max) |
25-60 |
25-60 |
Income |
₹400,000 |
₹600,000 |
City |
180+ Cities across India |
180+ Cities across India |
Employment |
Fulltime with at least 2 years of experience |
At least 5 years of earning turnover |
CIBIL |
Required (750-900) |
Required (750-900) |
Eligibility basically means ‘Fit to be chosen’. That implies are you worthy for which you are applying. Insta Loan is a kind of personal loan which is generally taken by a person in case of any emergency. These emergencies can be of many types like medical emergency, travelling emergency, to bear any urgent wedding requirements and many more like this. In this kind of emergency people want money urgently so Finance Buddha has come up with Insta Loan. Finance Buddha's online loans are an unsecured loan that means you have not to give any guarantor or any kind of property as guaranty. Hence it becomes more important for any financial organisation to check the eligibility of the borrower before they give them the loan in order to determine whether they would be able to repay the loan or not. This is a big point to be considered. So there are many factors on which your Insta Loan eligibility depends.
The younger you are your probability of getting loan is more you have. As when you are young the bank or any financial organisation thinks you are more capable of repaying the loan. In the case of Insta Loan whether you are a salaried employee or you are self-employed your age should be between 25 to 65 years.
Your income is the most important factor on which your Insta Loan eligibility depends. The more you earn, more is the possibility of timely repayments. In case of Insta Loan if you are a salaried person your yearly minimum income should be ₹400,000 and if you are a self- employed person your minimum income should be ₹600,000.
Employment stability is also an important factor on which your Insta Loan eligibility depends. For the Insta Loan if you are salaried person you should have at least 2 years of full time work experience in your current profession. And if you are a self-employed person then you should be having at least 5 years of earning turnover.
Your credit rating holds a lot of value. It reflects your financial borrowing history and your repayments history too. If your credit score is high your probability of getting a loan is more. Generally 750 credit score is considered good. If you are have a CIBIL score less than 750 then your chance is also less, and in some case you may get loan at this credit rating also but then your interest rate will be somewhat high as compared to others.
The employer with whom the candidate (borrower) is working with is the most ideal approach to gauge the believability of the candidate. Being a piece of rumoured and high turnover organizations is an advantage with regards to applying for the Loan.
Finance Buddha’s Insta Loan is the fastest solution in urgent times. But to avail Insta Loan facility one has to be eligible as per the eligibility criteria mentioned above. Failure to meet eligibility criteria will result in rejection of your online personal loan application.
So, it will be a good idea to become regular with your existing repayments (if you have not been so far, or continue it if have been already). This will help you improve your CIBIL Score and will help you in availing any loan in future, not just Insta Loan.
Whatever be your salary range, if your FOIR is higher, it would be a good idea to either: lower your existing EMIs with a balance transfer loan or find additional source of income to lower your FOIR. This will increase the chances of your Insta Loan application, should you ever want to avail it in future if the need be.
Any lender will always prefer an employee of a MNC over an employee employed with a start-up. Also the employees of top companies get additional relaxation in the rack interest rates of any loan.
Finance Buddha Personal Loan is an instant loan without documents. This means that no physical documents are required at all. And instead, digital versions of all the required documents are to be uploaded through the mobile app.
Along with meeting the eligibility criteria, you will still require to submit some documents so that we can confirm your identity along with other criteria. This is compulsory, and the below documents should be furnished upon request.
Document Type |
Individuals |
Firms, Partnerships |
Identity Proof (any one of these) |
PAN Card / Passport / Driving License / Aadhaar Card / Voter ID / Govt. issued ID-card |
PAN Card / Passport / Driving License / Aadhaar Card / Voter ID / Govt. issued ID-card |
Certificate and Proof of Business Existence |
Not applicable |
PAN, Sales Tax / Excise / VAT / Service Tax Registration, Copy of Partnership Deed, Trade License, Certificate of Practice, Registration Certificate issued by RBI, SEBI |
Address Proof (any one of these) |
Passport / Driving License / Voter ID Card / Electricity / Telephone Bill / Mobile Postpaid Bill |
Bank Statement, Utility Bill, Registry Copy, Lease or Rent Agreement, TAN Allotment Letter |
Income Proof |
Last 3 months Bank statement and payslips. |
Last 6 months Bank statement and ITR of the last 2 years. |
Paperless Personal Loans can help you get a loan within a very short duration of time, without having to deal with any paperwork as the process is 100% online from start to finish.
With such loans, you don't have to spend hours visiting us and filling up the form. This loan makes you free from the traditional lending process where you have to spend your time in collecting and piling up the documents required.
A paperless loan is a completely online process, where your personal loan is just a click away. You don't have to submit any document physically. All you need to do is to just fill the details required. Only a few documents such as ID and address proof are required which is to be submitted online by scanning and uploading them online.
The ease and flexibility in the application method have made them a popular debt instrument among the masses.
Paperless loans provide flexibility and comfort in the borrowing process. People who are already occupied with one or the other thing can now apply for loans as per their comfort.
Paperless loans are unsecured loans where no collateral or security is required. Also, the loan amount can be used for any personal purpose as per the need and wish of the borrower. It's fast processing and quick disbursal is another reason for which makes it a go-to product when the money is required immediately.
We offer wide range of loan amount starting from ₹50,000 and up to ₹5,000,000 so that you are covered in times of need, whatever it may be.
The tenure, loan amount and interest rates depend on the eligibility of the applicant. If the applicant has good credit scoring and income, then the rate of interest will be low, approved loan amount will be high, tenure can be anywhere between 1 year to 5 years as per the applicant’s requirement.
Loan will be approved on the basis of below chart, this is basically to check where the applicant is employed and accordingly the loan amount, interest rates, processing fees, tenure and other specifications will vary from person to person.
Apart from the interest rate there are some other fees which are charges for personal loan.
Every borrower has to pay the processing fees. Processing fees is a charge that passes on expenses to the borrowers for getting documentation, evaluations, work and record of loan repayment, or some other data essential for the bank's endorsing office This is non-refundable. The processing charge for Insta Loan is 1.50% to 2.00% of the loan amount in addition to service taxes.
In case of Insta loan Finance Buddha also provides part payment and part pre- payment options. But for this terms and conditions are applied. This charge depends on many factors such as the principle loan amount, the outstanding amount, monthly EMIs and so on.
There is always a penalty charge for delay in payments. As same as others Insta loan is also having some penalty charges for delay in payment this depends on the outstanding loan amount with the bank. This late payment doesn’t leads to penalty only but it leads to a bad credit score as well. This can affect you in future when you will apply for some other loan. To avoid these charges and difficulties you should also pay EMIs regarding any kind of loan on time.
Suppose a person having a yearly income of INR 4 Lakhs applies for a loan of INR 6 Lakhs in a tenor period of 2 year. Then for us it is a risky case as in this case, as there more possibility of default since the income is less than amount beig borrowed. As such, the interest rate is going to be higher. So for the interest rate the loan amount and individual income plays a very important role.
Tenure is also one of the important factors which play an important role in determining the interest rate. If the tenure is less, the interest rate will be higher, and if the tenure is longer then the interest rate will be lower. This is simply a case of vice-versa.
Each and every bank checks your credit score when you apply for a loan. The credit score always reflects your present as well as past financial borrowing history and your repayments as well. If you are having a low credit score that means your monthly repayments regarding any of your previous loans were not on time. And when you are having a good credit score which generally considered +750 then you are a good borrower and you were timely repaying your monthly EMIs.
Let us understand this with an Example:
You take a personal loan of ₹300,000, for a tenure of 3 years, offered at an interest rate of 10.5% on a reducing principal and you are charged a processing fee of 2.5% which you can give directly at the time of loan processing or that it will be deducted from your loan amount when sanctioned.
EMI of the loan will cost you ₹9,751 per month
Total payable amount in 3 years (Principal + Interest) = 36 * ₹9,751 = ₹351,036
Total Interest paid in 3 years = ₹51,036, hence, annual interest paid = ₹17,012.
Here are some of the different purposes for which an Instant Loan can be applied for. This money will be available immediately for use.
Whatever be your emergency, we are here to help! Few incidents in life leave you with not many options where all your advance preparations might also not be enough. If you are in such a need, Finance Buddha’s Insta Loan will help you overcome in a quick, efficient and hassle free manner.
Here are some of the different emergencies situations, but not limited to just these, for which online loans can be applied for. This money will be available immediately for emergency uses. We do not require any physical documentation for processing these loans as all need to be uploaded online and the rate of interest will be usual or slightly higher than normal- these are dependent on the individual’s eligibility for loan.
Life is Unpredictable! Nobody ever knows what might happen the next instant, so unsure are we about our lives. Accidents can happen to anyone anytime. Accidents need not be just road accidents, but sudden health deterioration because of multiple reasons. Such situations require quick response and immediate treatment and every second counts! And you would not want to spare any expenses whether for yourself or your near and dear ones. Nowadays even medical expenses are also soaring high, so much so that sometimes even medical insurance and emergency savings combined cannot cover the total expenses. Though being prepared for such situations surely does minimise the effects but still a personal loan in one day can definitely be your saviour.
Finance Buddha understands the urgent need which arises in medical emergencies. Finance Buddha and its team does it best when such a requirement arises. The process here is completely online hence you do not need to visit any of our branches or arrange for the hard copy of the documents. You just need to fill in the online personal loan application and upload all the required documents. And that is it. In cases of emergency, Finance Buddha will always be by your side.
Urgent Travel
You can now avail Finance Buddha’s Insta Loan to meet your urgent travel expenses. Whether it is to a destination in India or in abroad, whether it is for a personal reason or a business deal or any medical requirement, Finance Buddha has got you covered. Just fill an easy to fill online personal loan application and upload the requirements and you are done. We work hard to ensure instant loan approval and the disbursal happens within 2 hours of approval (provided that you are eligible).
Wedding Expenses
Wedding is one of the most important events, if not most important event in anybody’s life. As such everybody wants their wedding to be a dream wedding. But the conversion of dream to reality comes at a price. Sometimes unexpected may happen may and leave you in a cash crunch, unable to meet the need of the hour. And in many instances it might not be possible to cut down the expenses. Wedding expenses does not include just the cost of the main wedding function, but also things like jewelleries, clothes, gifts, engagement, reception and honeymoon. The price for all these is normally much more than what a middle class income group can afford to spend. Avail Finance Buddha’s Insta Loan when you need immediate cash loans in India. You can apply online for Insta Loan through our website. This is an entirely online process. Online loans make sense for weddings as these are very convenient to apply for, especially for weddings, when you are in a shortage of time.
Quick Need of Fund for Bail
You are innocent until proven guilty and sometimes, you might not be guilty at all. And sometimes, it might not be you but someone who is very near and dear to you. And the police needs to follow the rules set by our lawmakers, and the bail amounts can be high (depending on the charges) and might not be possible for everyone to have that much money available to them at their disposal. But you can have it in 2 hours with Finance Buddha’s Insta Loans. We understand that emergencies like an arrest can affect you and your family severely. Hence we have made personal loan process 100% online wherein you can apply online anytime from anywhere. Our proprietary algorithm determines (based on the information provided by you) your eligibility and gives instant loan approval. After which you need to provide few more details and upload all the documents online. Once we have everything we need, your loan processing starts. And if you satisfy all the eligibility criteria your personal loan application is approved immediately and your loan amount is disbursed within 2 hours.
Business Requirements
It never remains sunny throughout the year! All the business owners know and understand this very well. Although everyone tries to be prepared for such unforeseen circumstances but sometimes it is not just enough. Urgent situations demand speedy solutions. Finance Buddha is here with its Insta Loan to cover you in that rainy season. Insta Loan is a completely online personal loan product where you get instant loan approval and same day loan disbursal, should you satisfy all the eligibility criteria for the same. All you need to do is just fill an online personal loan application form and provide all the details that we need and upload all the documents required. There are no physical documents required or any personal visits needed. The process is completely online, quick and hassle free.
While there are many ways to apply for a loan, many still prefer Instant loan through Finance Buddha, the reason for this is pretty simple and straight forward. In case of emergencies situations nobody will have time to run to banks and financial institutions to get the application form, apply for the same, submit documents and wait for approval. All the services will be taken over by Finance Buddha. You just have to visit Finance Buddha platform, apply for the instant loan by filling all necessary information and get the same approved in an instant and disbursed within 2 hours on the same day of applying.
Finance Buddha's Personal Loans are essentially 100% online loans, where all the steps involved are done online both on the applicant's side and the lender's side. The applicant has to just apply online, upload the documents as well as the sign the loan agreement.
The application is processed as soon as it is received.
Finance Buddha's proprietary algorithm works in the background to determine the eligibility of the applicant and find the best offer available if eligible, post which the application gets approved.
The removal of the human element from the approval process significantly improves the time involved, reducing it to a maximum of 2 hours. We use our proprietary algorithm to scrutinize all the received documents to verify their authenticity. As soon as the processing is over, the applicant receives the confirmation and the disbursal of loan amount soon after.
Taking the loan process completely online has not only reduced the time but has made the application process more streamlined, easy and completely hassle-free. There is no need for any physical visits or documents as the process is completely online throughout. As a result of the availability of online loans to more and more people. Finance Buddha's online loans provide the comfort and freedom to apply from a place of their comfort at a time of their choice.
The availability of loans (to eligible applicants) within 2 hours of applying make instant loans ideal for those who are in urgent need of money. This loan is also ideal for those who don't have time and means to go through a conventional loan process. Hence, don't wait and apply for a loan online today.
Instant Personal Loans, even though handy in times of need, are still a loan, the burden of which you would need to bear throughout the tenor of the loan
Hence before you apply for an instant personal loan, it would be a good idea to be aware of your CIBIL Score. There are chances based on the discretion of the lender that even an applicant with low CIBIL Score can also get loans online, but they would get it at the higher interest rates.
Hence be sure of the interest rate and the EMI before you sign the loan agreement so that your budget does not gets affected negatively.
Online loans are very helpful in the times of need, but can be a big burden if availed for unjustified reasons.
Hence it will be wiser to know these in advance rather than discovering them after the loan has been disbursed.
A quick loan is nothing but a personal loan which is processed entirely online and disbursed on the same day. The processing is done with pre-set computer programmes which make the loan processing faster than one can imagine.
Such loans are very popular among young professionals because of the quick processing and instant approval. Despite being costlier than a secured loan, quick loans are ruling the credit market just because of the appreciable services provided by FinTech lenders. The lenders have made the loan processing so very simple that, any needy who is eligible for a loan can get the desired amount in his bank account instantly.
The pulling force because of which the lenders can make the processing fast is the internet. Lenders nowadays do the entire loan processing online which saves a lot of time and effort of both the lender and the borrower. If you are eligible for the loan and have submitted the documents properly, it takes just a few minutes to get an e-approval on your loan.
In this present India, the quick loan providers are really many in number. Quick loan lenders include national banks, private banks, and NBFCs. Finance Buddha stands out from the crowd because of its fast processing, dedicated customer support team and instant approval of loans.
Here are a few tips to make your Insta Loan application hassle free and increase your chances of getting approved the first time itself:
Insta Loan is a kind of unsecured loan with very less documentation with quick processing and everything is online so that the loan disbursal is fast. Finance Buddha strives to disburse your instant loan within 2 hours of Approval. Even though it is a product which you should opt for when there is an urgent requirement of money, there are some situations where you should avoid a personal loan.
Here are a few situations where availing a personal loan is not advisable
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Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
Try Adding the income of a co-applicant like a working spouse
Financebuddha can help you consolidate all your loans into one to increase your eligibility