Instant Pre Approved Personal Loan

Instant Pre-Approved Personal Loan- 7 Lakh Instant Loan

Nowadays, different NBFC companies are offering instant pre-approved personal loans. This loan is based on Pan Card & Aadhaar Card only. If you have a good credit history, you may get up to Rs. 7 lakhs instant loan.

Pre Approved Personal Loan

Loan AmountUp To 7 Lakh
Interest Rate12.50% to 28% p.a.
Tenure1 -4 years
Income RequiredNIL
Age Required23 -58 years
CIBIL Required730+
Processing FeesUp to 5% of the loan amount
Eligible ForStudent/ Self Employee/ House Wife

Benefits of Pre Approved Personal Loan

No Income Required: The pre-approved loan is available without income. You will get the loan without income proof.

Instant Disburse: The money will disburse instantly. It will take a maximum of 48 hours to get the money.

Fewer Documents: Pre-approved personal loan available with minimal documents. Applicant’s Aadhaar & Pan Card are required to get the loan.

No Security: The pre-approved loan is available with any collateral or security. 

Higher Loan Amount: You may get a loan up to Rs. 7 lakhs.

Repayment Tenure: Applicant can repay the loan at 12 to 48 month EMI. Enable the auto-debit features at loan process time.

Also Read: Personal Loan for minimum salary 14,000

Eligibility Criteria for Pre Approved Loan

The pre-approved loan comes with the following eligibility criteria:

  • Indian Residence
  • Credit Score of 730+ required
  • No dues on the previous loan

Documents Required

  • Identity Proof (Pan Card)
  • Address Proof (Aadhaar Card)
  • Active Bank Account
  • Selfie Image

Top Lenders for Pre Approved Loans

LendersLoan AmountInterest Rate
PrefrUp to Rs. 3 lakh18%- 36% p.a.Apply Now
Money ViewUp to Rs. 5 lakh1.33% per monthApply Now
L&T FinanceUp to Rs. 7 lakh11% to 19% p.a.Apply Now
MoneyWideUp to Rs. 3 lakh16.83% to 32.83% p.a.Apply Now
CASHeUp to Rs.4 lakh2.25% per monthApply Now
Also Read: 10+ Best Loan Apps for Low Credit Scores

How to Apply for Pre-approved Personal Loan

Step 1: Check the eligibility criteria before choosing the lenders.

Step 2: Verify your mobile number through otp.

Step 3: Enter the pan card number for the credit check.

Step 4: After the credit history check, you will get the loan offer.

Step 5: The last step is the e-mandate process. You can do an e-mandate process through a Debit card or Net banking.

Step 6: After the process, Money will credit to your bank account.

FAQs on Pre-approved Loan

Which bank provides pre-approved loans?

At this time, many banks are offering pre-approved personal loans like L&T Finance, TATA Capital, Prefr & SBI.

Can I get the pre-approved loan without verification?

The pre-approved loan comes without verification. You will get the loan without verification or income proof.

How much pre-approved loan is available?

You may get up to Rs. 7 lakhs pre-approved personal loan.

Is CIBIL Score required to get the pre-approved offer?

Your credit history is an important part of a pre-approved loan. A minimum CIBIL Score of 730+ is required.

What is the pre-approved personal loan interest rate?

The pre-approved personal loan interest rate is 12.50% to 28% p.a.

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